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- TikTok has introduced a new text-only post format, opening fresh avenues for written creative expression on the wildly popular app. This text option allows users to post short stories, poems, recipes, and other narratives, providing a dedicated space for the textual flair often contained in video…
- A leading global brokerage firm has introduced fintech scholarships in Kenya to support outstanding tech students. Exness is partnering with the United States International University (USIU) to provide scholarships covering tuition and living costs. The awards aim to back talented Kenyan youth…
- The Kenyan government now requires taxation on income earned by freelancers on popular online work platforms like Upwork. Previously, Kenyans able to find freelance jobs on sites like Upwork could earn an untaxed income. However, Upwork has recently updated its terms for Kenyan users, stating that…
- In Kenya, the public transportation sector is leading the transition to electric vehicles (EVs), contrary to trends in developed nations where private cars dominate EV adoption. Kenyan startups developing electric buses and motorbikes for public transit are enabling this shift as the country aims…
- Across Africa, health supply chains face immense burdens, leaving most citizens forced to seek medications from private companies. However, the continent’s fragmented manufacturing and distribution networks impact drug availability, pricing, and quality. Now, African governments are collaborating…
- Clafiya, a Nigerian health tech startup, recently secured a substantial amount of $610,000 in a pre-seed funding round. The primary objectives behind this funding are directed toward accelerating product development and facilitating staff expansion. Several prominent investors actively participated…
- In today’s digital landscape, the proliferation of artificial intelligence (AI) and chatbots, such as ChatGPT, has made it increasingly challenging to distinguish between humans and AI entities. This surge in fake virtual identities and bots has raised significant privacy and security concerns for…
- Elon Musk, who acquired Twitter last year, has been hinting at the possibility of turning the platform into an all-encompassing “everything app,” akin to China’s WeChat. The plan includes merging Twitter with another company called “X Corp.” With Elon Musk at the helm, Twitter is currently…
- With a substantial mobile phone user base and a rising demand for smartphones, Nigeria faces significant challenges in establishing a domestic mobile phone manufacturing industry. Despite having more than 320 million SIM cards and over 220 million active mobile connections, the country has not…
- MyCover.ai, a Nigerian insurtech startup, has raised a pre-seed funding round worth US$1.25 million. The funding round was spearheaded by Ventures Platform, with additional participation from Founders Factory Africa and Techstars. Established in 2021, MyCover.ai is committed to addressing the…
- The push towards ultra-broadband technology in Senegal has accelerated, particularly with the emergence of 5G. The country strives to meet the rising demand for broadband connectivity and the changing digital consumption habits sparked by the COVID-19 pandemic. Sonatel, an offshoot of Orange, a…
- The issue of women’s health care, especially regarding menstrual and reproductive health, has historically been a somewhat overlooked niche within the startup ecosystem of African healthcare, even though there has been a growing call for heightened attention in this sphere. However, recent progress…
- South African businesses striving to extend their reach beyond the African continent to Europe and the United States frequently encounter a maze of complications. According to the McKinsey Global Payments report released last year, these enterprises grapple with formidable obstacles within the…
- The Africa Climate Summit (ACS) and the Annual Africa Climate Week 2023, two significant events co-hosted by the Republic of Kenya, are set to occur from 4 to 6 September in Nairobi, Kenya. The ACS will bring together Heads of State and Government, policymakers, civil society groups, the private…
- Apple is reportedly developing artificial intelligence tools to compete with OpenAI, Google, and other tech giants. The company has created an internal chatbot called “Apple GPT” and plans to make a significant AI-related announcement next year without a determined consumer strategy. To build large…
- As the landscape of digital payments rapidly transforms, the ascension of mobile wallets, touch-free transactions, and blockchain-based initiatives is evident. Attendees will get an in-depth view of the emerging trends in digital payment and their potential role in facilitating financial…
- Investors are showing great interest in technology-enabled businesses in South Africa, viewing them as opportunities for growth and innovation. Nchaupe Khaole, Chief Investment Officer of the Mineworkers Investment Company (MIC), highlighted that technology companies and startups in South Africa…
- Nestled within the bustling city center of Braamfontein, ALX Tech Hub aims to equip South African youths with the digital skills necessary for employment opportunities. ALX South Africa’s General Manager, Divesh Sooka, says that collaboration is important: “Government, civil society, and the…
- Egypt’s tech ecosystem is making significant strides in achieving financial inclusion, primarily driven by the rising popularity of digital wallets and cards. Despite this progress, cash continues to dominate the payment landscape in the country. To promote digital payment adoption further, the…
- Startup Wise Guys, an accelerator program, has recently opened applications for its SaaS (Software as a Service) Accelerator Program in Africa. The primary objective of this program is to support local SaaS companies in achieving success by equipping them with the necessary resources to overcome…
- Elon Musk-owned Starlink, a satellite internet service, aims to extend its reach across Africa. As per its official website, Starlink is presently accessible in 54 countries worldwide and caters to approximately 1.5 million active customers. Expanding its coverage to Kenya, Elon Musk-owned Starlink…
- Nigeria, a rapidly growing economy in Africa, is witnessing a strong interest among businesses in leveraging cutting-edge technologies to propel their growth strategies. As per Equinix’s 2023 Global Tech Trends Survey findings, 47% of Nigerian businesses are actively adopting interconnection…
- Twenty Ghanaian startups has completed the UNICEF StartUp Lab Accelerator and collectively received funding of $445,000. These twenty outstanding Ghanaian entrepreneurs graduated from the program after completing a six-month intense accelerator program focused on business and product development.…
- The West African region is witnessing the emergence of a pipeline of innovative renewable energy projects, contributing to the advancement of sustainable solutions. To showcase these developments, the upcoming MSGBC Oil, Gas & Power conference, organized by Energy Capital & Power and taking…
- Kenya has been actively addressing tax leaks for the past few months, resulting in significant progress. The Kenya Revenue Authority (KRA) has not only met but exceeded its targets, achieving a remarkable 6.7% increase in the financial year of 2022/2023. Compared to the 2018/2019 financial year,…
- Apple Pay has officially launched in the country, providing a convenient payment option for customers. Apple updated its regional website to confirm that two major banks in Morocco, Crédit immobilier et hôtelier (CIH) and Crédit Agricole Group of Morocco (CAM) Bank, now support Apple Pay. CIH Bank’…
- HealthDart, a promising start-up based in South Africa, is dedicated to revolutionizing the national healthcare system by implementing technology-driven solutions. Inefficiencies within the public healthcare system in the country, such as long waiting lists and time-consuming clinic queues, have…
- Chapa, the leading payment solution provider in Ethiopia, has partnered with Telegram, one of the world’s most popular messaging apps. This partnership will allow merchants on Telegram to accept payments from their customers without having to leave the app. This is a significant milestone for…
- Kenyans have taken to Twitter using the hashtag Maandamano to voice their protests against the high cost of living in the country. These demonstrations have not only caused disruptions in public transportation but have also affected businesses offline. On Wednesday, July 12, a significant protest,…
- Uganda’s parliament has approved the imposition of a 5% levy on the revenues earned by foreign digital companies, including Facebook (Meta), Twitter, Amazon, and Netflix. The move aims to generate tax revenue from these companies for their operations in the country. Failure to comply with the tax…
- Airtel Kenya has officially launched its 5G network, becoming the second telecom operator in the country to introduce the next-generation technology. The rollout follows months of testing and comes after Safaricom introduced 5G services in October 2022. Earlier this year, Airtel Kenya expanded its…
- Africa is poised to become the fastest-growing region in terms of fintech revenue, according to a recent report by Boston Consulting Group (BCG) and QED Investors. The report, titled “Global Fintech 2023: Reimagining the Future of Finance,” predicts that Africa’s fintech market, led by countries…
- Moove, a Nigerian mobility fintech firm, has acquired an extra $8 million in funding from Absa Corporate and Investment Banking (CIB), bringing its total capital from the bank to $28 million. This latest investment follows a previous funding round in June 2022, where Moove received $20 million from…
- The global popularity of Afrobeats, a prominent African music genre, continues to soar. A recent report from Spotify, the popular music streaming service, revealed that in 2022 alone, the Afrobeat genre received over 13 billion streams, a significant surge compared to the 2 billion streams in 2017…
- From July 25, 2023, Apple plans to adjust app prices and in-app purchases in Egypt, Tanzania, and Nigeria. This decision is attributed to changes in tax laws, foreign exchange rates, and the introduction of Value Added Tax (VAT). The price adjustments set by Apple in these markets will affect both…
- Elon Musk, renowned as the founder of Twitter and CEO of Tesla and SpaceX, has made an intriguing announcement about creating xAI, a cutting-edge artificial intelligence startup. The primary mission of xAI is to delve into the depths of understanding the true essence and nature of the universe.…
- The African startup ecosystem witnessed a notable downturn in the first half of 2023, as revealed by data from venture capital data platform MAGNiTT. During this period, venture capital firms invested $951 million in the startup ecosystem, marking a 54% decline compared to the previous year’s first…
- The African tech ecosystem reached a noteworthy milestone by the end of 2022, surpassing the US$3 billion mark in investments, indicating a remarkable growth of 55.1% compared to the previous year. The Fintech sector in South Africa, in particular, is undergoing a revolution, witnessing the…
- African startup Propel, based in Berlin, just received €2.5 million in seed funding. The company, specializing in last-mile infrastructure for tech talent communities, aims to foster growth and address the unique requirements of these communities. No Such Ventures, a Dutch venture capital firm,…
- In a bid to enhance financial transactions and promote digital payments in Somalia, the government has placed its focus on QR codes. However, due to challenges related to low internet penetration and limited smartphone usage in the country, implementing debit cards appears to be a more viable and…
- Huawei’s latest invention, the Private Broadband Network known as Evolved Long-Term Evolution (eLTE), is set to target the hydroelectric industry. This network will enable voice transmission, data, and video services in hydroelectric generation plants as well as in underground areas. This new…
- DevCareer in its latest move has partnered with UK-Nigeria Tech Hub, an initiative by the UK government’s Department for Digital, Culture, Media, and Sports (DCMS). DevCareer is a nonprofit organization that is committed to supporting young Africans looking to break into the tech space. This…
- Safaricom, a key telecommunications operator in Kenya has unveiled a new service that will lead to the expansion of its customer base in the Nation. The company’s latest feature allows customers to make use of their internet data bundles to purchase goods and services. This new feature is available…
- Bolt, the leading on-demand mobility app in Africa is introducing a new feature to enhance its in-app safety measure. The company has announced the addition of an audio recording feature that allows riders and drivers to start recording their trips within the Bolt app. This new feature will enable…
- Elon Musk has recently introduced a new measure aimed at solving the growing problem of data scraping and data manipulation on the microblogging app. In a bid to solve this issue, Twitter has initiated a daily limit rule, which means individuals are limited to viewing a particular number of tweets…
- The Central Bank of Nigeria (CBN) has changed the limits on how much you can spend on mobile payments in the country. These changes went into effect on June 27, 2023. These limits, outlined in the CBN’s document titled “Guidelines on Contactless Payments in Nigeria,” say that Nigerian accounts or…
- Securing funding is a crucial challenge for startup founders in the tech ecosystem. It’s an important decision that can determine the success of a startup. Funding can be obtained from external sources such as venture capitalists, angel investors, and crowdfunding platforms, while bootstrapping…
- Healthcare in Africa is a complicated and multifaceted problem with a lot of challenges and chances. With more than 1.3 billion people living in different countries, cultures, and economic situations, ensuring everyone gets the health care they need is still a big job. Although headway has been…
- Zuvy, a Nigerian invoice financing startup, has announced the successful procurement of a $4.5 million investment in a funding round comprising both equity and debt. Investment firms TLG Capital and Dunbar Capital took the lead in the financing, followed by Next Chymia Consulting HK, Vicus Ventures…
- Imagine being immersed in a captivating digital chat with a man who ticks all your boxes. As the interaction intensifies, you suggest something spicy, only to be met with an unforeseen response: “I’m sorry, but as an AI language model, I cannot go that far.” Welcome to the new era of dating. Fresh…
