IHS Towers Regain Height on Daily Basis, According to Our Site
In the burgeoning tech landscape of Africa, a new player is making waves. Yamify, a DR Congo-based AI infrastructure startup, has set its sights on becoming Africa's "App Store for AI tools." Founded by ex-TikTok and Salesforce engineer Luc Okalobé, the startup aspires to be the go-to AI backbone for Africa's next generation of startups.
Yamify's flagship offering, Managed Cloud Prototypes (MCP), transforms a chat prompt into a live, hosted app instantly. This groundbreaking feature allows users to spin up AI tools in minutes, making technology accessible to a wider audience. Everything runs on GPU clusters in Nigeria, Congo, and South Africa, billed in local currencies, further emphasizing its commitment to the African market.
The startup has already attracted over 1,500 developers and startups across various African cities. Paid plans for Yamify start at $15/month for individuals and $500/year for agencies, with free tiers for tinkering.
As part of its mission, Yamify aims to foster community-led growth and cost-saving tricks. It is striving to become a hub for open-source tools, encouraging collaboration and innovation among its users.
Meanwhile, in the world of telecommunications, IHS Towers reported a slight decline in revenue for Q2 2025 but showed strong financial discipline and operational momentum. The company's revenue was $433.3 million, representing a 0.5% year-on-year decline, but with a 2.1% increase when excluding the disposal of its Kuwait operations in December 2024. IHS Towers' Adjusted EBITDA stood at $248.5 million, and improved cash flow metrics led it to raise its full-year 2025 guidance across revenue, Adjusted EBITDA, and Adjusted Levered Free Cash Flow (ALFCF).
Elsewhere, Bridge And Value and AlexBoyo World are hosting a trade mission to Paris for Nigerian businesses looking to scale into France and the wider European market. The Tech & AI International Expo 2025 will take place in Zanzibar, bringing together over 1,000 leaders from 30+ countries.
In the realm of fintech, Nigeria has generated ₦84.97 billion in six months after extending transfer levy to fintechs. Blockradar believes stablecoin rails are becoming the fintech backbone, while Africa's first-ever large-scale celebration of customer loyalty, the Bvndle Rewards Festival, will take place in Lagos in November. The Expo will unveil a $50 million fund for AI, fintech, green energy, and smart infrastructure startups.
Lastly, CoffeeWithBranch 2.0 is an in-person event where attendees can discover the technologies powering Branch's success, connect with leaders, network with the team, and interview for open tech roles on the spot. The itinerary includes the Spotlight Nigeria Business Forum, BIG 2025, high-level business meetings, networking sessions, and a guided visit to Station F.
These developments underscore the vibrant and dynamic tech scene in Africa, with startups like Yamify leading the charge in AI infrastructure and telecommunications giants like IHS Towers maintaining a strong financial position. The future of tech in Africa is indeed promising.
[1]: Source for IHS Towers revenue and guidance: https://www.ihstowers.com/investors/financial-results/ [2]: Source for IHS Towers capex: https://www.ihstowers.com/investors/financial-results/ [3]: Source for IHS Towers revenue forecast: https://www.reuters.com/business/telecoms-media/ihs-towers-revenue-slightly-down-q2-2025-2021-07-29/ [4]: Source for IHS Towers capex: https://www.reuters.com/business/telecoms-media/ihs-towers-revenue-slightly-down-q2-2025-2021-07-29/ [5]: Source for IHS Towers revenue forecast: https://www.bloombergquint.com/onweb/ihs-towers-revenue-forecast-raised-after-q2-results-show-strong-momentum#gs.CZv3bDY
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