African startups are making significant progress. In this context, the digital economy platform FollowICT highlights the top startup news across Africa over the past week.
Piggyvest Named to CNBC’s World’s Top FinTech Companies List for Third Consecutive Year
Nigerian fintech company Piggyvest has strengthened its global position after being named to CNBC’s World’s Top FinTech Companies 2026 list for the third consecutive year.
The annual ranking, compiled by CNBC in partnership with Statista, evaluated more than 3,500 fintech companies using around 25,000 data points before selecting the world’s top 500 firms.
Piggyvest also achieved a significant milestone by becoming the only African company featured in the Wealth Technology category, which recognizes leaders in digital investing and wealth management.
Although seven Nigerian companies were included in this year’s ranking, Piggyvest was the sole African representative in its category, highlighting the growing global recognition of Africa’s fintech ecosystem.
Quidax Expands Stablecoin Infrastructure Across 21 Countries
Quidax, Nigeria’s first digital assets exchange to receive a provisional licence from the Securities and Exchange Commission (SEC), has expanded its stablecoin infrastructure to more than 21 countries and 14 currencies.
The expansion is designed to help startups, fintech companies, and global businesses move money across Africa more efficiently while reducing the cost and complexity of cross-border payments.
According to the company, its infrastructure enables cross-border settlements in less than 48 hours without relying on correspondent banks, offering a faster alternative to traditional payment systems.
Quidax is also continuing to expand its regulatory footprint across strategic African markets as demand for compliant digital payment solutions continues to grow.
$584 Million Green Infrastructure Fund Launched for Africa
The African Union Development Agency (AUDA-NEPAD) and X Green Capital have launched the Africa Green Transition PPP Fund (AGTPF) to finance sustainable infrastructure projects across the continent.
The fund aims to raise $584 million during its first phase to support renewable energy, electricity transmission, climate-resilient infrastructure, and industrial decarbonization projects.
It is designed to bridge one of Africa’s biggest financing gaps by helping well-prepared infrastructure projects move from planning to financial close and construction.
The initiative combines international governance standards with African-led investment priorities to accelerate the continent’s green transition and industrial development.
BasiGo and Rubis Energy Kenya Partner to Build EV Fast-Charging Network
Electric mobility company BasiGo has partnered with Rubis Energy Kenya to develop a public fast-charging network for electric vehicles across Kenya.
The first charging station has opened at the Rubis Sabaki service station, supporting electric buses, trucks, and passenger vehicles travelling between Nairobi and other regions.
The site features 100kW DC fast chargers equipped with both CCS2 and GB/T connectors, allowing compatibility with a wide range of electric vehicles.
Through the partnership, the companies plan to expand charging infrastructure across Rubis Energy Kenya’s nationwide service station network, supporting the country’s transition to electric mobility.
Morocco’s T2S Group Raises $120 Million in IPO
Moroccan medical technology company T2S Group has made its debut on the Casablanca Stock Exchange through a $120 million initial public offering.
The IPO valued the company at approximately $520 million and attracted exceptionally strong investor demand, with the offering oversubscribed by 44 times.
T2S Group provides medical equipment distribution, maintenance, manufacturing, and digital healthcare solutions across Morocco and several African markets.
The successful listing reflects growing investor confidence in Africa’s healthcare and medical technology sector as demand for modern healthcare infrastructure continues to rise.
Acumen Secures $90 Million to Expand Climate-Resilient Agriculture Investments
Impact investment organization Acumen has raised an additional $90 million for its Acumen Resilient Agriculture Fund (ARAF).
The new capital will support the fund’s expansion into North Africa while strengthening investments in climate-smart agribusinesses across East and West Africa.
ARAF invests in companies that provide technologies, financing, and services to help smallholder farmers adapt to climate change and improve agricultural productivity.
Since its launch in 2020, the fund has invested in 12 companies reaching more than three million farmers, with plans to support an additional four million across the continent.
Knowlix AI Expands AI Business Platform Across 29 African Markets
German software startup Knowlix AI has launched its AI-powered business management platform across 29 African countries, targeting small and medium-sized enterprises.
The platform combines customer relationship management, invoicing, inventory management, project tracking, and other business functions within a single system while supporting local tax and accounting requirements.
Its AI assistant automates routine administrative tasks such as generating invoices, organizing meeting notes, and managing inventory, with business owners retaining final approval over key actions.
Knowlix AI enters a competitive African market alongside global software providers including Odoo, Zoho, HubSpot, Microsoft, and Sage, as well as a growing number of African business software companies.
The rollout includes major markets such as South Africa, Nigeria, Kenya, Egypt, Zambia, Rwanda, Tanzania, Uganda and Senegal, with country-specific tax rules, currencies and accounting requirements built into the platform.