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.
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
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,
Kai Cenat has become the first user on Twitch to reach over one million active subscribers, just days before finishing Mafiathon 3, his month-long subscriber marathon series. Cenat had previously achieved the record for the highest number of subscribers in December 2024 with his Mafiathon 2, surpassing 700k, and reached the one million milestone on Sunday, September 28, 2025. A portion of the proceeds earned from the subathon will be allocated to building a school in Nigeria. Kai Cenat building a school in Nigeria In 2024, the streamer visited the Makoko Children
Kredete, a Nigerian fintech company that helps African immigrants build credit, has raised $22 million in a series A funding round led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE). This latest round, which also had participation from Polymorphic Capital and Partech, brings Kredete’s total funding to $24.75 million, according to a press release. The fund will help the company expand into Canada, the United Kingdom, and key European markets. About Kredete Serial entrepreneur Adeola Adedewe founded the company in 2023 with a mission
