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Mauritian startup Black Swan wins the MEST Africa Challenge 2025
Mauritius-based FinTech startup Black Swan emerged as the winner of the 2025 MEST Africa Challenge (MAC) during a vibrant Grand Finale held at Innovation City in Cape Town.
Organised by the Meltwater Entrepreneurial School of Technology (MEST Africa) and powered by Absa Group, this year’s pan-African pitch competition focused exclusively on FinTech solutions advancing financial inclusion, smarter payments, and digital transformation across the continent.
Co-founded by Derick Kazimoto, Black Swan addresses a critical barrier: millions of African consumers and MSMEs remain “invisible” to formal lenders due to fragmented and informal data. The startup transforms this scattered information into instant credit intelligence, enabling accurate affordability assessments and scalable, inclusive lending.
From hundreds of applications across eight Absa priority markets, including Ghana, Kenya, Uganda, Zambia, Botswana, Mozambique, Seychelles, and Mauritius, finalists pitched in Cape Town. Black Swan stood out for its clear market need and potential to complement Absa’s services.
As champion, Black Swan receives US$50,000 in equity investment, entry into the MEST portfolio, and opportunities to pilot solutions with Absa units continent-wide.
Read the original article here: https://www.africa-newsroom.com/press/mauritian-startup-black-swan-wins-the-meltwater-entrepreneurial-school-of-technology-mest-africa-challenge-2025?lang=en
Indian city of Ahmedabad to stage 2030 Commonwealth Games
Ahmedabad, India, has been officially selected to host the 2030 Commonwealth Games, marking the centenary of the sporting event. The decision was confirmed at Wednesday’s Commonwealth Sport General Assembly in Glasgow. This will be India’s second time hosting the Games, following New Delhi in 2010. Ahmedabad won the bid over Abuja, Nigeria, while Canada, which hosted the first Games in 1930, did not submit a bid. Meanwhile, Glasgow will organise a scaled-down version of the 2026 Games after Victoria, Australia withdrew due to cost concerns.
Read the original article here: https://www.msn.com/en-ae/sports/other/indian-city-of-ahmedabad-to-stage-2030-commonwealth-games/ar-AA1RcyF4?ocid=BingNewsVerp
Trump Organization and Dar Global launch tokenised luxury resort project in the Maldives
The Trump Organization has partnered with Saudi-backed developer Dar Global Plc to launch Trump International Hotel Maldives, introducing the world’s first tokenised hotel development. The project, located 25 minutes by speedboat from Malé, will offer about 80 ultra-luxury beach and overwater villas and aims to open by the end of 2028.
Through the partnership, investors can gain fractional digital ownership by purchasing tradeable tokens that represent shares in the hotel’s development phase—rather than waiting for the project to be finished. This model uses blockchain technology to divide economic rights tied to the resort into digital units for trading on regulated platforms, expanding global access to early-stage real estate investment.
Dar Global, a London-listed subsidiary of Dar Al Arkan, and the Trump brand have combined to tap into the growing market for real estate tokenisation, which Deloitte projects could reach $4 trillion by 2035.
Read the original article here: https://www.analyticsinsight.net/news/trump-organization-and-dar-global-launch-tokenized-luxury-resort-project-in-the-maldives#google_vignette
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