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- Block, the company behind Cash App and Square, has teamed up with Yellow Card, one of the biggest Bitcoin exchanges in Africa, to allow payments between 16 African countries, including Nigeria, Ghana, and South Africa. The World Bank says that sending money from one country to another costs the…
- It is well known that mobile money works well in Africa. If you’ve been paying attention to the continent’s financial and tech sectors over the past ten years, you probably won’t be surprised to hear that it makes up about 70% of the US$1 trillion worth of mobile money worldwide. You might also not…
- The Amilcar Cabral submarine line will change the way people in six West African countries talk to each other. This high-speed infrastructure, named after Amilcar Lopes da Costa Cabral, a hero of the independence of Guinea-Bissau and Cape Verde, was first meant to join only Guinea and Cape Verde. …
- The Internet of Things (IoT) could change how we live, work, and connect with the world around us. IoT technologies promise to change how we see and interact with the world around us, from smart homes that can predict our needs and adapt to our preferences to smart cities that can make the best use…
- TechInAfrica – XPay, a company regulated and fully licensed by the Central Bank of Egypt, has signed a cooperation protocol with “Fawry”, the leading company in the field of digital transformation for electronic payments, to provide the ‘FawryPay Reference code’ and Cash out services to ‘XPay’…
- Lazerpay, a crypto payment company based in Nigeria, has said it is closing down because it can’t get any more money. After laying off people in November 2022, the new business had trouble for a while. Lazerpay, founded in 2021, created an API that allowed developers to incorporate crypto payments…
- About 250 eager business owners from all over Uganda went to a tough boot camp to learn how to grow their companies. The Youth Startup Academy Uganda is in charge of the boot camps. They are part of a project called an incubator that tries to help 1,000 entrepreneurs under the age of 35. The […]…
- ETAP Takaful, a new ethical insurance solution from Nigerian insurtech startup ETAP, accords with the religious values of Muslim subscribers. The product is built on ETAP’s current technology, which has one of the fastest claims processes on the market. It takes 90 seconds to buy the insurance and…
- Since OpenAI released ChatGPT, everyone has been trying to build the best AI system quickly. Big computer companies in the U.S. are trying to make their systems, and Chinese companies aren’t about to let them steal the show. Alibaba Group just entered the race for the top spot with “Tongyi Qianwen…
- The government of Uganda is going to invest $215 million to buy the majority of Umeme’s shares. When Umeme’s 20-year deal ends in 2025, the government will fully control the power distribution system. This will end a long-standing arrangement between the private sector and the government. The…
- Can you start a new company or NGO that uses a proven way to help people out of poverty on a big scale? Send in your idea for a new group to help solve one of the Distribution Challenges. The world has already developed products and services to help end poverty. Still, they found that […] More
The…
- FarmTrace, a cloud-based agritech solution that has secured a sizable investment from Secha Capital and Hassium Capital, has made cutting-edge farm management technologies available to farmers in South Africa. FarmTrace is the only cloud-based farm management tool of its kind in the country. It…
- Hong Kong is making it easy for African tech startups that want to move there to do so. Setting up your offices in Hong Kong has never been easier than with the help of InvestHK, the part of the Hong Kong Special Administrative Region (HKSAR) government in charge of foreign direct investment. HKSAR…
- Aquaculture company Victory Farms, based in Kenya, has raised $35 million in a Series B funding round. Creadev led the round, and Acumen Resilient Agriculture Fund, DOB Equity, and Hesabu Capital were among the other investors. Victory Farms has over 80 locations in East Africa and specializes in…
- International Data Corporation (IDC) says that the Middle East and Africa (MEA), which includes Israel, will spend $3 billion on artificial intelligence (AI) in 2023. Even though this is only 2% of the global total, spending on AI is expected to grow the fastest in MEA, where spending is expected…
- VC4A is excited to announce the call for applications for the VC4A Venture Showcase Africa – 2023, a yearly accelerator program highlighting high-growth, high-impact ventures driving economic growth across the continent. The Showcase gives African founders of innovative and disruptive startups and…
- During her recent trip to Zambia, US Vice President Kamala Harris noticed a Zambian fintech company called Lupiya. Lupiya has been a big part of helping small farmers in Zambia get loans to invest in farming methods and tools that can withstand the effects of climate change. Vice President Harris…
- The government of Uganda is working to find cleaner solutions to its air pollution issues, resulting in a collaboration with Spiro, a firm that specializes in vehicle and smart battery design. Uganda’s government and Spiro together will set up an electric motor assembly plant in Uganda’s capital,…
- The fast-paced digitalization has caused heightened demand for internet data. Unfortunately, because of the high cost of living, some people cannot acquire data at a cost-effective rate. To mitigate this problem, K’nect Mobile, a part of the Shoprite Groups’ cellular network, has decreased its data…
- OpenAI releases another update just a few days after releasing the GPT-4 AI model. This update was triggered by the increasing demands of users who wanted the AI model to perform everyday tasks. From booking flights and accommodation to assisting with online shopping, restaurant recommendations,…
- The Zambian government has teamed up with Liquid Intelligent Technologies to speed up digital transformation across the country by launching a new data center in Zambia. Both parties signed a Memorandum of Understanding (MOU) to this effect. This is a welcome step as the data center will also…
- The African Development Bank (AfDB) has given the Africa Fintech Network (AFN) a $525,000 grant to help it build a digital hub for fintech companies all over the continent. The AFN digital center, developed with Cenfri’s assistance, is intended to boost Africa’s fintech ecosystem and make the…
- These new plans are entirely wireless. “They will connect to either fixed-LTE or 5G,” an MTN spokesman told TechCentral. “To connect to 5G, the consumer must have a 5G home router within 5G coverage. If a subscriber does not have 5G coverage, the plan will revert to the fixed-LTE network.” The new…
- Senegal places a high value on data protection, and the nation’s Data Protection Commission (CDP) is committed to it. The CDP recently warned Yassir, a ride-hailing service from Algeria that has just expanded its operations to Senegal, advising them to adhere to the nation’s data protection rules…
- The Ministry of Finance (MoF) of the United Arab Emirates (UAE) just made a new Ministerial Decision, No. 73 of 2023, on Small Business Relief. In line with Article 21 of the Corporate Tax Law, this choice will help startups and other small or micro businesses by lowering their Corporate Tax burden…
- Artha India Ventures is a well-known family office that has been making waves in the African startup ecosystem since its formation in 2012. The company handles over 800 crores ($100 million) in third-party capital. It has invested in over 80 successful startups in India, the United States, Israel,…
- The Eskom Pension and Provident Fund plans to diversify into venture capital additional assets. Bloomberg says the fund manages about R185 billion in assets, about $10 billion. About two-thirds of those assets are in South African stocks, inflation-linked debt, land, and nominal bonds. The fund’s…
- Kenya’s President, William Ruto, has modified a provision in the country’s National Information, Communications, and Technology (ICT) Policy that required ICT firms to have at least 30% substantive Kenyan ownership to be licensed. The Equity Participation clause was added in 2019 to encourage local…
- The startup scene in the Middle East and North Africa (MENA) region witnessed a significant decline in funding, as per the latest report by MAGNiTT, a data platform for startups in the region. The study says that MENA-based startups raised $247 million through 67 deals in March 2023. This is a 67%…
- The Digital 2023: South Africa study from DataPortal says that more than a quarter of the country’s people still can’t get online. At the start of 2023, 72% of South Africa’s 43.48 million people were using the internet. There were about 25.8 million people who used social media. This was about 42.…
- Cryptocurrency has gained global popularity as a mode of payment and investment. Swaziland, a small country in Southern Africa, has been closely monitoring the rise of cryptocurrency. This article will explore the current state of cryptocurrency regulations in Swaziland. Legal Status…
- Nigeria’s technological landscape is a fertile ground for the development and growth of Web3 blockchain technology, which can potentially transform various sectors of the economy. Here are five reasons why: Increasing Acceptance of Cryptocurrency Nigeria has been one of the leading countries in the…
- Investing in cryptocurrencies has become increasingly popular in South Africa, with many investors looking for the best options to diversify their portfolios. Here are the top three cryptocurrencies to consider when investing in South Africa: Bitcoin (BTC) Bitcoin is the most popular and widely…
- Blockchain technology is rapidly gaining popularity in Zambia as a tool for promoting social good. This article will explore how blockchain is being used to improve social services, increase transparency, and promote financial inclusion in the country. Improving Social Services One of the most…
- The South African government has recently classified cryptocurrency assets as financial products under the Financial Advisory and Intermediary Services Act (FAIS). Here are five key implications of this decision: Increased Regulation Classifying cryptocurrency assets as financial products means…
- The world’s leading cryptocurrency is becoming increasingly popular in Malawi as more people seek to participate in the digital economy. In this article, we will provide a comprehensive guide on how to buy Bitcoin in Malawi, including the available exchanges, payment methods, and regulations.…
- The adoption of the Internet of Things (IoT) technology is on the rise in Nigeria, following the global trend which has seen spending on IoT devices and services reach $128 billion. Here are five areas where IoT is making an impact in Nigeria: Smart Devices for Home Automation In Nigeria, the…
- Artificial Intelligence (AI) has the potential to revolutionize various sectors of the South African economy, but it also poses unique challenges and risks. Here are five key issues to consider: Ethical Implications of AI The use of AI raises ethical concerns, particularly in areas such as…
- Sudan, a country in North Africa, has a long history of economic instability and political conflict. The country faces numerous economic challenges, including high inflation and a shortage of foreign currency. Bitcoin has emerged as a potential solution to some of Sudan’s economic problems in this…
- South Africa is emerging as a leading blockchain market in Africa, with a growing number of companies and startups exploring the potential of this technology. Here are five key factors driving the growth of blockchain in South Africa: Fintech Innovation The fintech industry in South Africa has…
- The adoption of the Internet of Things (IoT) technology is on the rise in Nigeria, following the global trend which has seen spending on IoT devices and services reach $128 billion. Here are five areas where IoT is making an impact in Nigeria: Smart Devices for Home Automation In Nigeria, the…
- South Sudan is a country in East Africa that gained independence in 2011. Despite being one of the world’s poorest countries, it has shown interest in the potential of cryptocurrency and blockchain technology. Here are some opportunities and challenges of cryptocurrency in South Sudan: Remittances…
- Cryptocurrencies, such as Bitcoin, have become a global phenomenon, and their adoption has been on the rise in many countries. However, the adoption of cryptocurrencies in Swaziland is still a matter of debate. In this article, we will explore the readiness of Swaziland for cryptocurrencies.…
- Zambia is a country in southern Africa experiencing a growing interest in cryptocurrency. This article will look closely at Zambia’s cryptocurrency landscape, including the current state of regulation, popular cryptocurrencies, and exchanges available to Zambian users. Cryptocurrency Regulation in…
- Zambia’s finance minister, Felix Mutati, has revealed that the government is testing blockchain technology to regulate the country’s growing cryptocurrency industry. In this article, we’ll explore the details of the pilot program and its potential implications for Zambia’s crypto industry. The…
- Zambia has recently joined the list of African countries that have introduced regulations on cryptocurrency. This article will provide an overview of Zambia’s cryptocurrency regulations, including its legal status, tax treatment, and other important aspects. Legal Status of Cryptocurrency In…
- The world’s leading cryptocurrency is gaining popularity in Malawi as more people seek to participate in the digital economy. In this article, we will explore the state of Bitcoin in Malawi, its adoption, challenges, and potential. Adoption of Bitcoin With limited awareness and infrastructure,…
- Cryptocurrency is a growing phenomenon in Namibia, with more and more people embracing digital currencies as payment and investment. However, the regulatory framework surrounding cryptocurrencies in Namibia is still evolving, leaving many uncertainties and questions among investors and businesses…
- Blockchain technology has the potential to revolutionize the logistics industry. It offers a secure, transparent, and tamper-proof way to record and track information, making it ideal for the supply chain management. In this article, we’ll explore the various ways in which blockchain is set to…
- Blockchain technology has been gaining popularity worldwide, and Mauritius is no exception. This article will explore Mauritius’ plans to embrace blockchain technology. Regulatory Framework The government of Mauritius has recognized the potential of blockchain technology and is working towards…
