Revolut has obtained regulatory approvals from the Central Bank of the United Arab Emirates, allowing it to launch its services in the competitive UAE financial market. The London-based fintech company has been granted Stored Value Facilities (SVF) and Retail Payment Services licences, marking a significant step in its market entry plans.

Dubizzle Group has made an investment in Tern, a rental rewards platform based in the UAE, aiming to enhance its services beyond property listings. This partnership will allow tenants to pay rent using credit cards while earning loyalty points that can be redeemed across various retail outlets. The integration will be exclusive to Dubizzle-owned platforms, including Bayut and dubizzle.

CNTXT AI, a data and artificial intelligence company based in the UAE, has successfully raised $60 million in a Series A funding round co-led by AI71 and BlueFive Capital. The company focuses on sovereign AI solutions and aims to scale secure AI deployments for enterprise and government clients globally. This funding represents a significant milestone for the two-year-old company.

FoodCourt halted operations due to a kitchen strike in March over unpaid wages, which led to the suspension of orders. By April, the startup's last branch also paused as it sought funding to address its financial issues, including unpaid salaries and vendor debts.

FasterCapital has included Agro-Food And Technology, an agro-food startup based in Matadi, Democratic Republic of Congo, in its EquityPilot program. This program provides execution support to startups for an initial period of 30 to 60 days. Founded by Mechack Malu, the company aims to enhance local processing capacity and improve supply operations to better serve markets.

The Federal Government has inaugurated a modern vegetable market in Gombe State, aimed at enhancing market access for farmers and strengthening the agricultural value chain. This initiative is part of efforts to boost the food supply chain in the region.