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- The ever-increasing abundance of fintech services in the African Market has only created a problem that must be solved. The problem is a fraud, and it is because of this that Smile Identity has acquired Inclusive Innovation, the founding company of Appruve. Smile Identity is an African-based…
- Bolt seeks to curb the impersonation of drivers by introducing a new selfie verification feature. The new feature is being implemented across South Africa by Bolt operating drivers, which will also help improve passenger safety. Driver impersonation is a significant problem the ride-hailing…
- Twitter’s new Partnership with eToro is set to usher in a new dimension to the microblogging app. Users can now access real-time trading information on various assets and make informed investment decisions. eToro is an online trading and investment platform that provides real-time information on…
- Nigeria has increased its number of Internet Service Providers to a total of 258 after licensing 19 new companies recently. This increase in Internet service providers is projected to boost the penetration of broadband services to 70% by 2025. However, ISPs complain of tough competition from…
- Telegram, the instant messaging app, has introduced new features to improve user experience. First launched in August 2013, this messaging app has constantly threatened WhatsApp as the predominant platform. For telegram, some of their features are not as limited in size or capacity as with Whatsapp…
- The Amalgamated Union of App-based Transport Workers of Nigeria (AUATWON) has threatened to embark on a million-man protest. This decision resulted from Bolt and Uber’s intent to revoke driver’s licenses. The AUATWON, which was established sometime this year, is a union that represents all ride-…
- Egypt’s vast population and strategic location have generated considerable demand for auto financing and cars. 2021 recorded over 215,000 vehicles sold in Egypt, thus creating job opportunities for thousands of individuals in Egypt and registering Egypt as a prime market for car financing services…
- In partnership with Oando Plc, Gov. Babajide Sanwo-Olu of Lagos State has stated that the first set of electric buses will be added to the Lagos Mass Transit Master Plan. The new electric buses are a big deal for the city’s public transportation system because they can go 280 km on a full charge.…
- Kenya is looking to capitalize on the recent uptick in the value of Bitcoin, the most widely used cryptocurrency in the world, despite having been in a prolonged decline. Kenya just put out new rules that say cryptocurrency platforms must pay a 1.5% tax on the commissions they get from the more…
- In partnership with the National Bank of Angola (BNA), the pan-African mobile network operator Africell has started its “Afrimoney” mobile money service in Angola. This move comes after a pilot phase, and Africell thinks that the new platform will “digitize” the country’s informal economy and “…
- According to a study by International Data Corporation (IDC), workstation shipments in Europe, the Middle East, and Africa (EMEA) dropped sharply in the second half of 2022. This was because there was a lot of business uncertainty at the time. But as demand picks up, the market will likely bounce…
- Spleet, a Nigerian proptech firm, has partnered with Repit, a rental support specialist based in the United Kingdom. Repit helps people move by assisting them in finding a place to live, arranging viewings, helping with references, negotiating paperwork, and giving tips on getting settled. This…
- The African Development Bank and AFRICA Fintech Network have signed a partnership agreement for a $525,000 grant to set up the Africa Fintech Hub (www.AfricaFintechNetwork.com). This online portal will be a one-stop shop for all fintech activities in Africa. The Africa Digital Financial Inclusion…
- A new report by the International Data Corporation (IDC) says that the Middle East and Africa (MEA) region will spend $30.3 billion on IT and business services in 2023. This is a 5.0 percent increase from the $28.9 billion spent in 2022. A study says that the area’s growth is due to its stable and…
- Capria Ventures, a venture capital company focusing on early-growth startups in the Global South, has announced the first close of its $100 million Fund II. The fund intends to invest in 20-25 technology businesses in Africa, India, Southeast Asia, Latin America, and the Middle East. OIP Investment…
- Adaverse is a joint effort between EMURGO Africa and Everest Ventures Group. It is a venture capital company that has invested in a real estate technology company called HouseAfrica. HouseAfrica uses blockchain technology to make owning land easier for African people. Other well-known investors…
- Orange Fab Cameroon is pleased to announce the opening of the application process for the startup acceleration program. The program is meant to help digital startups in Cameroon improve their goods or services and make a plan for making more money, getting more attention, and growing. Orange Fab…
- According to the Sunday Mail, the Reserve Bank of Zimbabwe (RBZ) has revealed intentions to launch a gold-backed digital currency as legal tender as part of the country’s intervention to help stabilize the Zim dollar. The local currency, This follows the RBZ’s announcement in August 2022 that it…
- Altech Group, based in the DRC, has gotten $18 million in loans and grants from the Energy Entrepreneurs Growth Fund (EEGF), Triple Jump, and Rabobank to grow its solar energy sales and distribution across the country. Altech was started in 2013 and now has 4,500 workers and sales agents who serve…
- Yango’s suspension in Cameroon in February left a vacancy in the ride-hailing market, but a startup named OnGo is attempting to fill that void. Ongo, made by local engineers and Cameroonians living abroad, launched its digital car reservation service with drivers and taxis on April 17. This makes…
- The Internet of Things (IoT) has been one of the most significant technological advances in recent years. It has given companies and organizations access to real-time data they’ve never had before, made them more efficient, and helped them make better decisions. As the Internet of Things (IoT)…
- Dedicated to advancing the Satoshi Plus ecosystem, Core DAO has partnered with Bitget, a cryptocurrency exchange based in Seychelles. As part of this partnership, there will be a $200 million ecosystem fund to support decentralized apps (DApps) built on the Core Network Layer-1 blockchain. The…
- SpaceX, an aerospace business started by Elon Musk, tested-launched its Starship rocket for the first time today. It is the most giant and powerful rocket ever built, and it was made to carry cargo and people from Earth to Mars. The rocket reached a top speed of over 2,000 km/h and a top height of…
- I’M IN, a program for aspiring entrepreneurs, has announced the start of its Ideation Incubator, a three-month program for women students with new ideas for tech start-ups. The program’s goal is to give eligible women students an equity-free investment of R50,000 and help in the form of…
- Huawei has announced a fantastic HUAWEI Battery Replacement program in South Africa to appreciate its smartphone customers. Customers can use this special program to get a genuine battery replacement for their specific device model for just R149.00. Users can get a new, simple battery with a 90-day…
- Kyshi, an African-focused fintech company, has launched a beta version of its platform, “Kyshi for Business,” to assist businesses in transacting across multiple countries, including the United Kingdom, the United States, Canada, China, and several African nations, including Nigeria, Ghana, Kenya,…
- During the lockdown in 2020, I found a video of a well-known religious leader in Nigeria saying that 5G technology was part of a bigger plan to set up a new world order. The movie got many people talking on social media about what 5G technology can do. Most of the conspiracy ideas were busted…
- The Democratic Alliance in South Africa says the ANC government has stopped Elon Musk’s plans to start Starlink in South Africa. The Democratic Alliance said on Wednesday that the ANC government’s policies on empowerment had stopped Elon Musk from putting SpaceX’s satellite-based Starlink internet…
- According to a statement made available to Techloy, Opportunik, a private wealth fund that intends to allow Africans and Diasporans access to global assets, will launch a regulated fund next month. Accuvise Administrators Limited, a registered fund administrator based in Mauritius, will run the…
- To tackle the issue concerning the climate in Ghana, Solar Taxi, an e-mobility company, launched a new Solar Taxi application that makes provision for affordable transportation to citizens. Regarding the rise in fuel prices and the shoot-up in the transportation system, the firm has used the…
- Several controversies about Africa being neglected from the AI conversation have gotten the eye of the public and have ever since been an online debate. OpenAI ChatGPT, a notable Microsoft backed-up name that has brought artificial intelligence (AI) to its peak since its launch in late 2022 and…
- MasterCard has decided to withdraw its first-use PVC plastic gradually from its payment network by replacing it with cards made from recycled plastics by 2028. Mastercard placed limitations on the use of first-use PVC cards since it formed the Greener Payments Partnership with card manufacturers…
- South Africa emerges as the leading African country using 5G networks, since Rain, a data-only network provider, paved the way for its usage in the country. The successful usage of 5G in South Africa has encouraged other African countries to follow suit. TeleGeography reports which tracked the…
- Elon Musk’s filings in court exposed that Twitter Inc. has been dissolved. The filing also shows that the microblogging service has been aligned with a newly formed shell company called X Corp, which is a part of X Holding company owned by Elon Musk. The billionaire entrepreneur has long visualized…
- To boost people’s reliability on OpenAI and ensure proper security of the AI system, OpenAI has partnered with Bugcrowd to offer a bug bounty program to address cybersecurity risks. With this new dynamism in the AI, users who report bugs can earn rewards ranging from $200 to $20,000. Matthew Knight…
- LinkedIn has deployed a more contemporary method of verification to its users. Being a global professional platform, it has introduced three different ways to verify the authenticity of a person’s identity and place of work. The new techniques soared because users could identify legit LinkedIn…
- Telkom’s FutureMakers program works with Aions Creative Technology’s business builder service to help South African start-ups. After a competitive pitching process, Telkom FutureMakers gave R58 million (about $3.8 million) to Aions. This shows that the program is committed to helping small, medium…
- YuLife, a tech-driven financial services company based in London, has brought its group risk protection product, group life insurance, to South Africa. This is its flagship product. YuLife’s unique approach to insurance includes a wellness app that uses game mechanics to encourage workers to make…
- The company said that the mobile commerce platform Copia, which is based in Kenya, has stopped operations in Uganda and put growth plans on hold in Africa. This is because of a slowing economy and tight capital markets. Copia will instead focus on making its Kenyan business profitable. According to…
- Chargel, a Senegalese logistics tech firm, has raised $2.5 million in initial capital led by Logos Ventures, with participation from Ventures Platform, Foundation Botnar, DFS Labs, and Seedstars, as well as $500,000 in debt financing. The site connects shippers and transporters online, making a…
- AfriBlocks is a pan-African marketplace for independent talent. It has teamed up with KyckGlobal to offer freelancers in Kenya, Zambia, Ghana, and Namibia the Visa push-to-card payment method. The move is meant to help African freelancers deal with the lack of financial infrastructure and high…
- Orange Corners has announced launching a new subsidy plan to ensure a sustainable future for its entrepreneurial training courses for the next five years. The program will fund a local entrepreneurial training program (incubators/accelerators) and related activities for young people aged 18-35,…
- TerraPay is a British fintech company that focuses on payment infrastructure. Recently, the International Finance Corporation (IFC) helped the company raise $100 million. After this success, the IFC has said it will give a $30 million loan to TerraPay’s Mauritian branch to help with its working…
- With the help of the International Energy Agency, the ministers of the G7 group have come up with a Five-Point Action Plan for Critical Minerals Security. It includes a look at demand and supply in the medium and long term, more recycling and sharing of skills, new ways of sharing resources and…
- Autochek, a pan-African automotive technology company, has bought most of AutoTager, an Egyptian automotive technology start-up that makes it easier for Egyptians to buy and sell cars. Autochek is now in the North African country with the second-largest economy and the second-largest car market in…
- Digital identity is one of the most important tools for financial equality and economic growth. It can help verify people’s identities, making it easier to use banking services, government benefits, and other digital services without going to a physical place. Africa has gained a lot from digital…
- Camel Ventures, an Egyptian venture capital company, has started a fund with EGP 500 million ($16 million) to help the country’s fintech startup ecosystem.Camel Ventures for Investment I (CVI) was created to fund Egypt’s growing community of financial technology startups. Camel Ventures is backed…
- Following the success of its local content production efforts in the region, Netflix, the global streaming behemoth, has announced plans to expand its operations in Africa. Since 2016, the company has put €160 million into making movies in Africa. This has created more than 12,000 jobs in Nigeria,…
- The South African IT giant Reunert Group’s solutions and systems provider, +OneX, said it would buy MMC, a cybersecurity and managed services company. The deal did not say how much it would cost. With the purchase of MMC, +OneX can offer its cloud and digital transformation clients Compliance as a…
- Chekkit, a Nigerian startup, has raised extra funds to help scale its blockchain-powered medicine safety and tracking service. Chekkit, a platform that tracks product movement and the parties engaged in transporting products from the warehouse to the distributor and then to the final consumer, was…
