More than 80% of smartphones sold across Africa in 2025 cost under $200, highlighting the continent’s strong demand for affordable mobile devices, according to a new report by global technology analyst Omdia. Africa recorded 84.4 million smartphone shipments in 2025, marking a 13% year-on-year increase. Devices below $200 accounted for 81% of these shipments, cementing…

LoftyInc Capital, a pan-African venture firm, has co-led a $4 million seed round in Moroccan fintech startup WafR, marking one of the first investments from its newly launched Alpha Fund and signaling a stronger focus on North Africa. The round was co-led alongside Attijariwafa Ventures and Almada Ventures, with participation from UM6P Ventures and First…

MTN Group, Africa’s largest telecommunications company, is moving to regain control of nearly $4.8 billion in telecom towers across the continent by acquiring IHS Towers for $2.2 billion, while assuming responsibility for IHS’s $3.27 billion debt. The acquisition will consolidate almost 29,000 African towers under MTN, with IHS divesting over 10,000 sites in Latin America…