AfricaWorks Insights
AfricaWorks Insights
June 10, 2025 at 02:16 PM
Zambia, Africa's second-largest copper producer, is courting automakers to establish EV component manufacturing plants near its copper mining sites, with Finance Minister Musokotwane pitching German companies to manufacture parts in Zambia for export to South African factories.🔋 The strategy has already attracted BYD, the world's largest electric vehicle manufacturer, signaling growing investor confidence in the country's EV supply chain potential. Salus Cloud, an AI-native DevSecOps platform founded by African engineers, raised $3.7M in seed funding co-led by Atlantica Ventures and P1 Ventures to expand secure software delivery tools across Africa and the Middle East 🚀 The platform automates CI/CD with zero-touch setup and uses AI to catch security flaws in real-time.🔒Salus is targeting underserved growth markets where the global DevOps market is expected to reach $25.5 billion by 2028 💰 Telkom SA delivered strong FY2025 results with group revenue up 3.3% to R43.88 billion, adjusted EBITDA surging 25.1% to R11.79 billion, and free cash flow soaring 555% to R2.78 billion, enabling the reinstatement of dividends for the first time in four years. 📈 The company's data-led strategy drove mobile service revenue growth, positioning Telkom as South Africa's fastest-growing broadband provider 🚀 Tunisian startup Cynoia, founded in 2022 as an all-in-one collaboration platform, has announced native language support for Swahili and Wolof, extending professional collaboration tools to over 200 million additional people across East and West Africa 🌍 This language expansion allows teams from Nairobi to Dakar to access enterprise-level collaboration tools in their preferred language for the first time, marking the most significant accessibility advance in African business software this year.
Image from AfricaWorks Insights: Zambia, Africa's second-largest copper producer, is courting automaker...

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