Tech In Africa

18 Feb 2024 - The Kenyan high court has recently released $3 million that belonged to fintech leader Flutterwave and two of its partners, thereby concluding a legal dispute that was initiated in 2022. TechCabal has verified this development. Despite a court directive issued in November 2023 to release the funds…

18 Feb 2024 - Network International, a global payments-as-a-service specialist, advocates for a collaborative approach to unlock the untapped opportunities of open banking in South Africa. While the benefits of open banking are acknowledged worldwide, the strategies for its adoption vary, with some regions…

18 Feb 2024 - In response to the pressing need for affordable housing across Africa, Bosso Africa, a Zambian-based company, is spearheading a groundbreaking initiative to optimize the construction supply chain. Through their comprehensive online marketplace, the company aims to revolutionize the accessibility of…

18 Feb 2024 - Catalyst Fund, a pre-seed VC and accelerator, backs nine African early-stage climate tech startups with a $1.8 million investment to bolster their impact and growth trajectory. The nine startups benefiting from the investment include Mazao Hub and Medikea from Tanzania, Earthbond, Zebra Cropbank,…

18 Feb 2024 - Mastercard and Glovo, a versatile multi-category app connecting consumers with diverse services, have partnered to address hunger and enhance education in underserved communities. Their collaboration aims to provide over 300,000 meals to school children in Kenya and Nigeria for an entire academic…

15 Feb 2024 - In a strategic move aimed at promoting financial inclusion in Africa, Mastercard has reaffirmed its commitment to the growth and advancement of MTN Group Fintech the fintech division of telecommunications powerhouse MTN Group. This groundbreaking agreement sees Mastercard acquiring a minority stake…

15 Feb 2024 - Roam, a Kenyan electric mobility startup, has recently secured $24 million in a combination of debt and equity funding. This significant financial boost will play a crucial role in supporting Roam’s ambitious plans to expand its operations across the African continent. Equator Africa, a venture…

15 Feb 2024 - Matt Boyd, Founder, JDM IKIGAI If you had approached me a decade ago and told me that, in the future, electric cars would make life so easy and convenient that you could eat a bowl of cereal or do a full face of makeup while on the way to your destination, I would have had […] More The post The…

15 Feb 2024 - Moove, a pioneering vehicle financing startup based in Africa, has recently secured a significant debt funding of $10 million from Stride Ventures, a highly regarded sector-agnostic venture debt fund.  The mobility company, which made its entry into the Indian market in 2023, has announced that the…

15 Feb 2024 - Airtel Africa is expanding its operations by constructing a new data center in Nairobi, Kenya. This move is part of the company’s strategy to diversify its revenue streams and marks its second data center on the African continent, following the one in Nigeria. The telecommunications company has…

15 Feb 2024 - In today’s fast-paced digital world, fraud and financial crime have become major concerns. Recent global research reveals a staggering 72% increase in fraudulent activity in 2022, with almost a quarter of survey respondents anticipating a significant budget boost for anti-fraud technology by 2025.…

14 Feb 2024 - Visa has collaborated with the Egyptian Banks Company (EBC)  to simplify and enhance the international remittance process for Egyptians residing overseas. This partnership aims to provide a seamless and efficient experience for individuals sending money across borders. This news comes as a…

14 Feb 2024 - Starlink, the satellite Internet service provided by SpaceX, recently terminated the accounts of numerous South African users due to suspected trademark and copyright infringements. According to a report from MyBroadband, a number of Starlink users who rely on StarSat Africa to manage their…

14 Feb 2024 - The telecommunications industry is expressing their concern over the apparent disregard for their request to receive diesel rebates. This issue arose after President Cyril Ramaphosa failed to address the topic during his state of the nation address last week. The industry is worried about the…

14 Feb 2024 - Nairobi-based health tech company Ilara Health has secured $4.2 million in a pre-Series A funding round. This infusion of equity and debt financing will support the startup’s mission to deliver affordable, quality healthcare across Kenya before expanding regionally. The latest capital injection,…

14 Feb 2024 - Microsoft has revealed plans to construct an expansive data centre campus in Kosmosdal, Centurion, South Africa. This facility will expand Microsoft’s cloud infrastructure footprint in the country amid surging demand for services like Azure and Dynamics 365. While still in early development phases…

14 Feb 2024 - Africa’s leading pay TV provider MultiChoice has agreed to pay $37.3 million to Nigerian tax officials, concluding a lengthy dispute over unremitted taxes. The settlement stems from allegations of significant past nonpayment by MultiChoice Nigeria and its parent company MultiChoice Africa. In 2022…

14 Feb 2024 - Google has announced a rebranding of its conversational AI chatbot, previously known as Bard, to Gemini. The new name reflects the advanced large language model technology powering the AI assistant. With this rebrand, Google is launching upgraded Gemini apps for iOS and Android, allowing hands-free…

12 Feb 2024 - In 2014, Sanusi Ismaila relocated from Lagos to Kaduna with the vision of founding a technology hub to empower individuals to address real-world challenges. He was driven by the conviction that nurturing tech ecosystems in areas outside of Lagos was crucial, as local challenges are best tackled by…

12 Feb 2024 - The International Finance Corporation (IFC) has invested $20 million in equity to the Africa50 Infrastructure Acceleration Fund (IAF Fund). This fund is set to channel investments into several critical sectors, including digital infrastructure, renewable energy, transportation, logistics, and water…

12 Feb 2024 - Sawa Energy  is revolutionizing how small and medium-sized enterprises (SMEs) in East Africa access energy. Operating in Rwanda and Uganda, the company is breaking down barriers by removing initial costs, thereby making solar power and energy-efficient solutions accessible and affordable. Launched…

12 Feb 2024 - In a significant turn of events, YUP Cameroon, a mobile money subsidiary of French banking giant Société Générale, has been declared officially in liquidation. This decision came to light during an extraordinary general meeting on December 29, 2023, marking a conclusion to the company’s financial…

10 Feb 2024 - Pan-African online used car platform AUTO24.africa has acquired Tanzania’s leading digital classifieds property, Kupatana.com. The purchase from parent company Euroafrica Digital Ventures represents a milestone for AUTO24.africa as it solidifies dominance of Sub-Saharan Africa’s thriving pre-owned…

10 Feb 2024 - Oracle has revealed plans to launch a new public cloud region located in Nairobi, Kenya, marking the technology firm’s second major investment in cloud infrastructure across Africa. The announcement comes on the heels of rival Google Cloud unveiling its first facilities on the continent in…

8 Feb 2024 - Technology heavyweight Google has unveiled its first ever cloud region in Africa, launching new data centers and cloud infrastructure in Johannesburg, South Africa. Serving as a hub for Google Cloud products and services across the continent, the Johannesburg cloud region provides businesses and…

8 Feb 2024 - Mirova, a leader in sustainable investment, recently celebrated a major achievement in its drive to accelerate the transition to clean energy across developing nations. A year after its launch, the Mirova Gigaton Fund, which aimed to gather $500 million, has successfully amassed $282 million in…

8 Feb 2024 - In 2021, while working as a marketing consultant for Japanese startups in Kenya, Aoi Narita discovered the song “Love Nwantiti” by Nigerian Afrobeats artist CKay and was instantly captivated by the genre. “The lyrics were beyond my comprehension, but the tune lingered in my mind,” she communicated…

8 Feb 2024 - Renda Africa, a premier provider of third-party fulfillment solutions in Nigeria, has unveiled an innovative technology platform called Renda360. This platform stands out as the first to consolidate and offer straightforward access to comprehensive fulfillment infrastructure necessary for…

7 Feb 2024 - Widespread protests erupted across Senegal after President Macky Sall announced on Saturday that he was postponing the presidential election originally scheduled for February 25th. In an attempt to curb the unrest, authorities imposed an internet blackout starting Sunday night. This marks the…

5 Feb 2024 - The health technology startup from Nigeria, Helpmum, has received a grant of $225,000 from the Africa Visionary Fund, according to a statement issued to Technext by the company’s Founder and CEO, Dr. Abiodun Adereni. Furthermore, the company disclosed its selection as one of the 12 visionary…

5 Feb 2024 - After a hiatus of three years from the Kenyan market, SafeBoda is making a comeback, potentially proving that a second attempt might just be the winning charm. The startup, initially recognized for its motorcycle ride-hailing services, is now expanding its offerings to include car-hailing services…

1 Feb 2024 - Today, on January 30, 2024, a distinguished group of biodiversity experts representing over 20 African countries will gather in Harare to discuss the current state of biodiversity for food and agriculture in the region.Their objective is to devise strategies to fortify the conservation and…

1 Feb 2024 - MTN Group has pledged to invest a substantial $215 million in infrastructure in the Republic of Benin over the next three years. The investment will primarily focus on the construction of MTN Benin, the telco’s subsidiary office.  This commitment was announced during a visit to Cotonou by a…

1 Feb 2024 - InspiraFarms Cooling,a leading provider of cooling solutions based in Kenya, has recently secured a substantial $1.09 million (€1 million) investment. This funding will be instrumental in supporting the company’s off-grid energy cold storage projects across Africa. Notable investors in this round…

1 Feb 2024 - Centenary Bank, a leading commercial bank in Uganda, has recently launched CenteWhatsApp banking, a convenient platform that provides customers with instant and secure access to a wide range of banking services through WhatsApp. With CenteWhatsApp banking, customers have the convenience of…

30 Jan 2024 - Nigerian traditional banks are venturing into the digital lending market, setting the stage for a showdown with their digital counterparts. By creating standalone digital lending apps, these banks aim to attract customers from smaller banks with high interest rates and potentially lure customers…

30 Jan 2024 - WhatsApp, the popular messaging app owned by Meta, is gearing up to celebrate its 20th anniversary later this year, following its acquisition by Facebook in early 2014. With an impressive user base of over 3 billion daily active users, particularly in the global south and Europe, WhatsApp has…

30 Jan 2024 - Alepo is excited to introduce Lümbot, an advanced AI-powered virtual agent designed for SaskTel’s innovative all-digital mobile brand. Lümbot offers a cutting-edge, all-digital customer support experience and resides on Lüm Mobile’s website. Unlike traditional chatbots with predetermined rules,…

30 Jan 2024 - Build Your Dream(BYD) , a leading Chinese electric vehicle manufacturer, has recently announced its expansion into Rwanda, marking its entry into another East African nation following its success in Kenya. The company’s strategic move into Rwanda is in line with the country’s commitment to…

30 Jan 2024 - Miden, a startup from Nigeria, has been selected to take part in Y Combinator’s winter 2024 group. This decision makes Miden the newest Nigerian startup to join this year’s winter group, following in the footsteps of Cleva, a service for cross-border payments. Miden, which provides virtual cards in…

30 Jan 2024 - Entering a new year is like stepping into a world of endless possibilities, and for tech enthusiasts, TECNO and itel are poised to make 2024 an exhilarating journey. After a successful 2023 in South Africa, which saw the launch of the SPARK 10 Series, both brands are gearing up for another…

30 Jan 2024 - Standard Chartered Bank and Village Capital have recently joined forces to invest in impact-driven, women-led startups. This partnership aims to address the gender financing gap in the entrepreneurial ecosystem by launching a financing facility to support Standard Chartered’s Women in Tech program…

29 Jan 2024 - DXwand, a leading artificial intelligence (AI) startup based in the Middle East, has recently completed a successful Series A funding round, raising a total of $4 million. The investment round was spearheaded by notable investors such as Shorooq Partners and Algebra Ventures, with the Dubai Future…

29 Jan 2024 - Paymob, a prominent financial services provider in the Middle East, North Africa, and Pakistan (MENA-P), has recently joined forces with Mastercard. This collaboration aims to boost digital payment adoption throughout the MENA region. This comprehensive, omnichannel partnership will utilize the…

26 Jan 2024 - Amazon Prime Video is reportedly reducing its operations in Africa and the Middle East, as detailed in a Deadline report. This strategic shift will lead to a decreased focus on these regions, impacting local teams. As part of this realignment, Prime Video will discontinue commissioning original…

26 Jan 2024 - Google has recently unveiled new AI-driven enhancements to its search engine, as announced by Elizabeth Reid, the Vice President of Search at Google. The company is introducing two significant updates, designed to simplify the process of finding answers on Google Search: the “Circle to Search”…

25 Jan 2024 - Motorcycle taxis, a prominent mode of transportation in Africa, hold significant promise for electrification as electric two- and three-wheelers gain popularity across the continent. These insights are drawn from a recently published report by the United Nations Environment Programme (UNEP), which…

25 Jan 2024 - Egyptian educational technology startup, Edura, has successfully completed an undisclosed pre-seed funding round led by Smart Zone Startups Studio and backed by angel investors. The funding will play a pivotal role in Edura’s mission to transform education by fostering connections between teachers…

25 Jan 2024 - AltSchool Africa, a Nigerian edtech startup, has expanded its presence to Kenya, marking its second venture into the East African market. This startup, which boasts a network of 60,000 learners across over 100 countries, offers specialized courses designed to expedite the transition into global…

24 Jan 2024 - The Democratic Republic of Congo (DRC), renowned for its abundance of natural resources, is making significant strides in the global tech landscape. This country, rich in ‘green metals’ like cobalt and copper and home to the world’s second-largest tropical rainforest, has recently joined the East…