Tech In Africa

15 Nov 2023 - Flutterwave, a fintech company, has recently received authorization from the Reserve Bank of Malawi to function as an International Money Transfer Operator (IMTO) in Malawi. This development allows Flutterwave to handle remittances to Malawi from Malawians living abroad and other Africans through…

15 Nov 2023 - President Dr. Lazarus McCarthy Chakwera was greeted with significant news during his recent arrival in Riyadh, Saudi Arabia. Through its Finance Minister Mohammed Al-Jadaan, the Saudi government announced a commitment to support various development projects in Africa at the opening of the Saudi-…

15 Nov 2023 - Flutterwave, an African fintech company, has been cleared in Kenya following the decision of the high court to allow the country’s Asset Recovery Agency (ARA) to drop the remaining case against the payment firm. This decision significantly relieves Flutterwave, seeking a license for payment service…

15 Nov 2023 - Ventures Platform and MaC VC have recently led a $7 million funding round for Shekel Mobility, an African B2B marketplace for auto dealers. Africa’s burgeoning automotive market, as highlighted by the World Economic Forum, sees a yearly demand of 2.4 million cars and 300,000 commercial vehicles.…

13 Nov 2023 - Verto SA is excited to announce its strategic partnership with Investec, a distinguished provider of financial services. This collaboration is a significant step in transforming the landscape of B2B cross-border payments for South African companies globally. Boasting over $6 billion in transaction…

13 Nov 2023 - Nedbank has launched cutting-edge solar financing solutions on its Avo Solar platform, designed to make solar energy systems and backup batteries both affordable and accessible for households and businesses in South Africa. These packages stand out for their compe titive pricing, comprehensive…

13 Nov 2023 - Uganda, affectionately known as the Pearl of Africa, is making strides to become East Africa’s premier tech hub.  A significant investor summit was held, led by Dr. Monica Musenero, the Minister of Science, Technology and Innovation. President Yoweri Museveni’s presence and announcement of a $150…

13 Nov 2023 - The leading ride-hailing and instant delivery company recently announced that its Bolt Food service will cease operations in South Africa on December 8, 2023, and Nigeria on December 7, 2023. This move is part of the company’s larger strategy and comes despite a substantial increase in turnover,…

13 Nov 2023 - Global tech giant Yango has marked its debut in the flourishing Ethiopian ride-hailing market, with a specific launch in Addis Ababa as part of its broader African expansion agenda. This initiative sees Yango partner with ShuuFare, an Ethiopian tech powerhouse G2G IT Group branch, to lead its foray…

9 Nov 2023 - Wicrypt pushes ahead with its peaq integration as it links the first devices with peaq’s sister chain krest and modifies the devices’ operating system to enable off-the-shelf compatibility. November 9, 2023 — Wicrypt Network, a decentralized mobile Internet sharing and monetization network,…

8 Nov 2023 - PRESS STATEMENT BY MICHAEL MYNHARDT BUSINESS STRATEGIST FOR MANUFACTURING & INVESTMENT IN AFRICA   Industry experts at the World Local Production Forum (WLPF) in The Hague today confirmed the urgent need to develop intellectual property rights in the SADC region to effectively grow the…

8 Nov 2023 - Recent reports from The Big Deal indicate a sharp decrease in funding for African startups, with a more than 50% drop over the last three quarters compared to the same period in the previous year. Currently, the funding secured by these startups ranges between $2.5 billion and $3.4 billion,…

8 Nov 2023 - In a notable financial development, MNT-Halan, a prominent Egyptian microfinance lending and payments firm, has recently announced the successful raising of $130 million through securitized bond issuance. This achievement adds to the $400 million the company has secured through securitization this…

8 Nov 2023 - Despite Nigeria’s economic challenges, its startup ecosystem remains a thriving center of innovation and a catalyst for economic growth, promising a brighter future for the nation. With investments totaling over $967 million, Nigerian startups consistently attract local and international investors…

8 Nov 2023 - Japanese financial conglomerate SBI Holdings has made a landmark $40 million multi-fund commitment to Novastar Ventures, a leading Pan-African VC firm. This marks SBI’s first direct investment into an African VC, expanding its presence in the continent’s startup ecosystem. As part of the deal, SBI…

8 Nov 2023 - The vibrant African fashion industry, valued at over $31 billion, is gaining global attention thanks to innovative startups leveraging technology. Although Africa boasts a rich cultural heritage and diverse design talent, the sector has lagged in infrastructure, funding, skills development and…

8 Nov 2023 - Pan-African venture firm Norrsken22 has achieved the final close of its debut fund at $205 million, exceeding the original goal despite a funding slowdown. The Norrsken22 Africa Tech Growth Fund, aims to back startups in their critical growth stage across the continent. Launched in January 2022,…

8 Nov 2023 - Leading Nigerian last-mile delivery platform Fez Delivery has launched a new line of electric motorcycles, called FEZ ECO, to provide eco-friendly and efficient transportation services. This rollout aligns with Fez Delivery’s commitment to sustainability as e-commerce booms across Nigeria. Fez…

8 Nov 2023 - African fintech unicorn Chipper Cash has expanded its collaboration with Visa to accelerate strategic initiatives around card issuance, marketing, licensing and more. Since first partnering in 2021 on the Chipper Card rollout across Africa, the two companies have continuously built on their…

8 Nov 2023 - Kenya’s massive $20 billion crypto market is moving closer to regulation. The country’s parliament has directed the Blockchain Association of Kenya (BAK) to prepare the initial draft of a Virtual Asset Service Provider’s Bill to govern cryptocurrencies. This landmark development comes after BAK’s…

8 Nov 2023 - Following Kenya’s recent launch of a smartphone assembly plant, Zambia has unveiled plans to establish its own local smartphone manufacturing facility. Slated to begin operations in June 2024, Zambia’s plant aims to enhance nationwide connectivity through more accessible and affordable devices. The…

8 Nov 2023 - Kenyan electric mobility startup BasiGo has been awarded a $1.5 million (KES 227 million) grant from USAID to expand operations in Rwanda. According to the company, the grant will directly support their electric bus pilot with Kigali’s leading bus operators and enable rapid scaling of e-buses in…

8 Nov 2023 - Kenyan ride-hailing platform Little App has rolled out Near Field Communication (NFC) payments for drivers through partnerships with Visa and Absa Bank. The contactless payment functionality allows riders to tap their Visa debit or credit cards against the driver’s Android phone to pay, using Absa’…

8 Nov 2023 - Leading Nigerian fintech PalmPay has launched a massive 300 million naira giveaway campaign to celebrate its 4th anniversary. Running from November 1st to November 21st, the exciting initiative rewards users with prizes through various in-app activities. The event is structured across three…

8 Nov 2023 - Video streaming service Showmax, owned by MultiChoice, is shifting its availability to exclusively serve African markets starting December 1, 2023. Showmax announced it will no longer operate outside Africa, marking a strategic refocusing on its domestic customer base. The service first launched…

8 Nov 2023 - Pan-African fintech company MFS Africa has unveiled a major rebranding, changing its name to Onafriq. The company announced the rebrand in a statement, citing its extensive growth and vision to unify Africa’s digital payments landscape. MFS Africa was previously named after its initial mobile…

8 Nov 2023 - Airpay, a global financial technology company, has launched its digital financial services platform in Tanzania. This expansion aligns with the company’s goal of using technology to drive economic progress, as outlined in the Memorandum of Understanding between India and Tanzania. After receiving…

6 Nov 2023 - WellaHealth, a prominent health-tech startup in Nigeria, has recently expanded its services to Kenya by introducing Healthsend Africa. This follows its earlier successful debut in Nigeria. Healthsend Africa is a mobile health platform that links patients directly with medical professionals for…

6 Nov 2023 - In a forward-thinking move, Bolt is set to launch a specialized online training hub with a strong focus on enhancing the business development skills of Bolt drivers. Collaborating with prominent online learning platforms like Coursera and in-person implementation partner PM4Success, the Bolt…

6 Nov 2023 - Egyptian educational technology startup OBM Education has secured a significant six-figure investment as part of its expansion strategy in Saudi Arabia. The funding round has been made possible through a substantial contribution from Value Maker Studio (VMS) Founded in 2020 by Omar El-Barbary and…

6 Nov 2023 - The social media company formerly known as Twitter, now operating under the name X, has recently unveiled two new subscription plans. One of these options is the Premium+ tier, designed for users willing to pay a fee to eliminate ads from their feed. As per the company’s official announcement on…

6 Nov 2023 - Addis Ababa, Ethiopia, 06 November 2023 – Following the success of the global award in 2022 won by Ugandan startup Emata, this year saw Ugandan startups claim two of the top awards at the Global Startup Awards (GSA) Africa Summit recently held in Addis Ababa. The GSA Africa in collaboration with…

1 Nov 2023 - The National Transport and Safety Authority (NTSA) of Kenya has officially renewed the ride-hailing platform Bolt Kenya’s operating licence. This comes after Bolt proactively suspended its controversial 5% booking fee yesterday, demonstrating a willingness to resolve concerns around commission…

1 Nov 2023 - Almouneer, an Egyptian healthtech company, has raised $3.6 million in seed funding to support the development and expansion of its platform for treating diabetes and obesity. The funding round was led by Dubai-based Global Ventures, with participation from other international investors, including…

1 Nov 2023 - The rapid spread of misinformation and disinformation, commonly known as “fake news,” has become a mounting concern worldwide. This issue is particularly pronounced in Nigeria, where false claims have impacted election integrity, public health, and security. To address this problem, the Brain…

1 Nov 2023 - Leading cybersecurity company Infoprive recently rebranded as Cybervergent during the Nigeria Fintech Week. This strategic move aims to expand its security solutions by leveraging AI and machine learning amid rising cybercrime. As internet access grows in Africa, so do cyber threats. Recent…

1 Nov 2023 - StarNews Mobile, an African mobile video network, has raised $3 million in pre-Series A funding to further its mission of providing monetisation platforms for African content creators. Founded in 2017 by Guy Kamgaing, StarNews partners with telecom operators to distribute creators’ content via…

1 Nov 2023 - African accelerator platform Chenosis has collaborated with Botlhale AI Solutions on a project enabling people of all languages to use AI. The partners will work together to let companies on Chenosis’s platform communicate with customers in their native language via conversational AI. “We provide…

1 Nov 2023 - SoberTech, founded by engineer Dinah Lugard, is expanding its innovative addiction recovery outreach program from Nigeria and Ghana to South Africa. Through technology, it aims to make recovery accessible, engaging, and stigma-free. “SoberTech’s vision is digital rehabilitation across the globe. We…

1 Nov 2023 - Blockchain mining platform Pacminer has announced a $50 million joint venture with Ghanaian government agencies and blockchain companies, aiming to enhance its industrial chain and boost user earnings. Since entering Ghana in October 2022, Pacminer has introduced innovative employment and…

1 Nov 2023 - Oracle is poised to establish cloud computing infrastructure in Rwanda by June 2024, accelerating the country’s aspirations to become a regional tech hub. Cloud computing, delivering services like data storage, servers, and software over the internet, enables rapid scaling, flexibility, and…

1 Nov 2023 - Ghana has successfully obtained vital financial backing for its climate change efforts during the 2023 IMF/World Bank annual meetings, Finance Minister Ken Ofori-Atta announced. The World Bank’s International Finance Corporation (IFC) has pledged funding to bolster Ghana’s implementation of climate…

1 Nov 2023 - African data center operator Raxio has raised an additional $46 million in equity financing from existing investors Roha and Meridiam. The funds will support Raxio’s expansion and development of new hyperscale-ready facilities across Africa. The capital injection enables Raxio to meet the rising…

1 Nov 2023 - Iroko TV, once considered the “African Netflix” for its pioneering online streaming of Nollywood films and shows, has ceased operations in an unfortunate turn of events. Founded in 2010 by Nigerian entrepreneur Jason Njoku, Iroko TV quickly gained global fame and subscribers as the first major…

1 Nov 2023 - While SpaceX’s Starlink has made waves recently, Eutelsat’s Konnect satellite internet service has been steadily transforming the market in Nigeria. In partnership with local provider Coollink, Konnect challenges perceptions and addresses unmet needs in impactful ways. Eutelsat, which has long…

1 Nov 2023 - Malawi is a landlocked country in southeastern Africa with fertile soil and a subtropical climate well-suited for agriculture. As over 80% of Malawians work in farming, with their livelihoods dependent on the seasonal rains, the agricultural sector is a mainstay of the economy.  However, due to…

1 Nov 2023 - The Nigerian Railway Corporation (NRC) has announced the launch of a new e-ticketing system for its standard gauge railway network starting November 1st. According to NRC Managing Director Fidet Okhiria, e-ticketing represents a major step towards modernising and improving rail transportation…

31 Oct 2023 - Ola Electric, a leading manufacturer of electric two-wheelers, has recently achieved a milestone in its electric vehicle (EV) venture. The company has successfully raised an impressive Rs 3,200 crore (about $385 million) in a new funding round to establish India’s premier lithium-ion cell…

31 Oct 2023 - Nearly two million Tunisians living overseas have become an essential support for Tunisia’s economy. Remittances from these expatriates are projected to hit TND 10 billion (about $3.1 billion) by the end of 2023. Among the innovative initiatives tapping into this vital resource is My Easy Transfer…

31 Oct 2023 - The Milkor 380, with an expansive wingspan of 18.6 meters and a top takeoff weight of 1300 kg, completed its first flight on September 19, DefenceWeb reported on October 10. The website described this event as a “giant milestone.” As per the report by DefenceWeb, “South Africa now joins the small…