HoneyCoin, a Kenya-based fintech, has secured $4.9 million in seed funding to expand its stablecoin-powered payment platform across Africa and global markets. The investment round was led by Flourish Ventures, with participation from major players like Visa.

• The funding, totaling $4.9 million, will support expansion, product development, and recruitment.
• The round saw participation from Visa Ventures, TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, and Antler.
• Founded in 2020 by David Nandwa, HoneyCoin's platforms process over $150 million in monthly transactions across four continents, serving 350 enterprise clients.

Apple is reportedly developing a new 12.9-inch MacBook priced at only $599, potentially making Apple products more accessible in African markets like Kenya, Nigeria, and South Africa.

• The new MacBook will reportedly feature the A18 Pro chip and come in various colors, a departure from Apple's usual color schemes.
• This move could significantly disrupt the market, especially as Microsoft Windows 10 support ends in October 2025.
• The price of $599 translates to approximately KES 77,500, a considerable reduction from typical entry-level Mac prices, and could boost Apple's market share in Africa where macOS has seen recent growth to 5.2%.

Xiaomi has announced significant leadership changes in its African operations, appointing new country and regional managers to accelerate its market share growth, particularly in Kenya and East Africa.

• Huang Jinhua has been named Kenya Country Manager, while Zou Chengzong will oversee East African operations.
• The smartphone maker aims to build on its strong performance, which saw a 32% growth in Africa's smartphone market in Q1 2025.
• Additionally, Xiaomi is exploring new ventures in Africa, including the new energy vehicle (NEV) sector, signaling broader expansion beyond consumer electronics.

Airtel Money Africa has expanded its partnership with mobile money payments provider pawaPay to enable licensed international money transfer operators (IMTOs) to deliver instant remittances across seven African markets, benefiting over 161 million Airtel Money customers.

• The integration allows IMTOs to send funds directly into mobile wallets in Uganda, Rwanda, Zambia, Malawi, Gabon, Congo Brazzaville, and Tanzania.
• CEO of Airtel Money Africa Ian Ferrao stated this expansion advances international remittances and supports financial inclusion.
• Remittance flows to Sub-Saharan Africa reached an estimated $23.9 billion in 2024, with mobile money playing a crucial role due to its convenience and reach.