Africa’s wealthiest individual, Aliko Dangote —the richest Black man in the world —has reached a net worth of $30 billion as of October 23, 2025. His net worth’s last valuation change is more than $430 million, according to Bloomberg’s index. A few weeks ago, Bloomberg index stated that Dangote’s net worth was $29.6 billion, $400 million away from entering the $30 billion club. About Aliko Dangote Aliko Dangote is the founder and chairman of Dangote Cement, Africa’s largest cement producer. He also founded Dangote Refinery, the largest petroleum refinery in Africa.
Afua Kyei, Chief Financial Officer at the Bank of England, has been named as the most influential Black person in the UK. The annual list, conducted by Powerlist, highlights the most powerful people of African, African-Caribbean, and African-American heritage. As CFO, Kyei leads financial governance of the £1 trillion balance sheet, funding reforms, and upgrades to critical national infrastructure payments, while championing diversity and climate disclosure. “It is an incredible honour to be named Number One on the Powerlist in its 20th year,” she said in a press release. “For
Women make up 47% of STEM graduates in Africa, according to a recent McKinsey study —a higher share than in Europe (42%), Asia (41%), and South America (41%). Additionally, in sub-Saharan Africa, as much as 30% of roles in STEM sectors are held by women. However, less than 20% of top tech roles are held by women in Africa. “Our research found that less than 20 percent of publicly listed companies in Africa with C-suite tech roles had a woman in that role,” the study’s authors wrote. “Furthermore, just 3%
Elly Savatia, a Kenyan inventor and social entrepreneur, has won the Africa 2025 Engineering Innovation Prize founded by the UK’s Royal Academy of Engineering. He won the award for Terp 360, an AI-powered app that translates speech into sign language using lifelike 3D avatars, along with a £50,000 ($67,000) grant. Terp 360: A Sign Language Translation App Terp 360 offers real-time sign language interpretation, facilitating smooth communication between deaf and hearing individuals across both physical and digital settings. Using 3D avatars and motion-capture technology, it delivers natural, accessible, and immersive interactions. Terp
The Nigerian government is working with Google and Apolitical, a global learning platform for government innovation, to launch a training initiative for public servants. The initiative, called the AI Government Campus, will be implemented through the Apolitical Government AI Campus. It aims to train thousands of public servants and government leaders to understand and apply artificial intelligence in public administration effectively, as reported by Techpoint Africa. The initiative is a joint effort between Google, the Federal Ministry of Communications and Digital Economy (FMCIDE), and Apolitical. “We see artificial intelligence as
Moniepoint has raised another $90 million in an extension of its Series C round, bringing its total to $200 million after its initial $110 million raise in 2024. The round included investors such as Visa, Development Partners International LLP, Leapfrog, and Alphabet Inc.’s Google Africa Investment Fund, Ross Strike, according to Bloomberg. “We will not rest on our laurels,” co-founder and CEO Tosin Eniolorunda said in a statement. “The proceeds from our landmark Series C will be deployed judiciously to generate even more momentum as we enter the next chapter of Moniepoint’s story – with
Epiminds, an agentic AI company, has raised $6.6 million in funding from Lightspeed Venture Partners, EWOR, Entourage, and leading angels such as the former CMO of Booking.com, according to Tech Funding News reports. The Swedish startup, founded in 2025 by Mo Elkhidir (CEO) and Elias Malm, aims to reinvent how marketing agencies work by using multi-agent AI to automate campaign management. Helping marketers with routine tasks Both founders were driven by frustration with the inefficiencies of traditional marketing. Sudanese-born Elkhidir spent years researching multi-agent systems that enable digital agents to
Nigerian men are using AI to create fake nude images of women, according to Gst. On X, Nigerian men are using AI to create fake photos of women; some users are tagging Grok and commenting “remove her clothes” under women’s photos. After a few minutes, the manipulated images are posted under the original user’s post. These flagged images are rarely removed, allowing women to be digitally assaulted without any repercussions. Nigerian men digitally altering women’s pictures 58% of Nigerian women say they’ve faced online abuse, according to The State of Online
Meta and the Nigerian government have reached an out-of-court settlement to resolve a $32.8 million fine issued by the Nigerian Data Protection Commission (NDPC). In February, the NDPC issued the fine, stating that Meta had violated Nigeria’s Data Protection Act by practicing behavioral advertising on Facebook and Instagram, according to Techpoint Africa. The regulator claimed that Meta failed to obtain the explicit consent of Nigerian users before transferring their data out of the country. NDPC settling a $32.8 million fine On Friday, October 3, Fred Onwuobia, Meta’s lawyer, shared that
Breni is an AI-powered learning app that simplifies learning by providing students with personalised content tailored to different learning styles and languages. The app launched in August and has already attracted over 3,000 users from more than 20 countries worldwide, with 90% of them outside Nigeria, according to TechPoint Africa. Founders Sadiq Umar and Bilal Abdullahi met while studying computer science at the Yusuf Maitama Sule University in Kano. They both discovered a love for technology and its potential to improve the ecosystem in the North. After finishing their studies,
