Vertiv has agreed to acquire UtilityInnovation Holdings, which operates as UtilityInnovation Group (UIG), in a deal valued at approximately $1.45 billion, according to CIO Africa. The acquisition represents a significant transaction in the technology and infrastructure sector. Further details about the terms of the agreement, the expected closing timeline, and the strategic rationale behind the purchase were not provided in the available report.

Discovery chief executive Adrian Gore has set an October date for the launch of what the company calls its 'super bank', according to TechCentral. The announcement comes as Discovery Bank reported its first full-year profit of R370-million, with the financial services group also increasing its investment in artificial intelligence as part of its broader digital banking strategy.

Jubilee Insurance has been declared the overall winner of the 2026 Execution Advantage AI Challenge, which took place during the InsurTech Forum in Nairobi. This competition focused on innovation in the insurance technology sector.

The Independent Communications Authority of South Africa (ICASA) has outlined the requirements for Starlink to enter the South African market. This announcement is part of a broader discussion on recent developments in the region, including a Kenyan court's approval of Safaricom's $1.6 billion sale to Vodacom and Mastercard's establishment of a cybersecurity hub in Africa, as reported by Techpoint Africa.

Vertiv, a New York-listed critical infrastructure firm, has agreed to acquire UtilityInnovation Group, a US microgrid and power systems specialist, for approximately $1.45 billion in cash, according to TechTrends KE. The deal, announced on September 2, is aimed at helping data centre operators secure power more quickly as grid constraints slow the rollout of AI infrastructure globally. The acquisition carries additional terms that were not detailed in the announcement.

EdenCare, a digital health insurer based in Rwanda, has secured €250,000 from Proparco, a French development finance institution. This funding is intended to enhance access to affordable, technology-driven healthcare coverage in East Africa, particularly in Rwanda and Kenya, where there are significant gaps in insurance coverage. The investment will facilitate EdenCare's expansion into these markets.