Tech In Africa

23 Jan 2023 - A digital banking license from the State Bank of Pakistan will allow the Nigerian-born digital banking platform Kuda to power digital banking services in Pakistan (SBP).  This license will be granted to “KT Bank,” a joint venture between Kuda and two major Pakistani businesses, making the fintech…

23 Jan 2023 - Nigeria’s central bank has granted fintech company Fincra a PSSP license, allowing it to function as a payment solutions service provider within the nation, six months after giving the startup an approval-in-principle. This license falls under a newly created category of licenses that the apex bank…

19 Jan 2023 - The South African company Flow aims to change the interactions between real estate brokers, developers, and clients. The websites of real estate agencies and property developers can be integrated with Flow’s APIs to automate their social media marketing on sites like Facebook and Instagram. The…

19 Jan 2023 - MTN Ghana, a subsidiary of the MTN Group, was penalized by the Ghana Income Authority with a fine of almost $773 million for allegedly underreporting its revenue. The fine includes penalties and interest. The Ghana Revenue Authority (GRA), according to a statement released by MTN Ghana, issued the…

19 Jan 2023 - In order to more closely align with a name that is already well-known and regarded by the clientele of the company, TeamApt, a well-known commercial banking platform in Africa, has been relaunched as Moniepoint, the name of its main product. The business was established in 2015 to offer financial…

19 Jan 2023 - The California-based SaaS mobile marketing analytics and attribution company AppsFlyer examined how mobile apps were changing finance in Africa in collaboration with Google.  The African mobile app business is rising, driven by a developing fintech sector. An spike in super applications and the…

19 Jan 2023 - Although the value of Galactech was not disclosed, GBarena was estimated to be about $45 million. The e-sports platform advertises that it has over 650,000 users across 27 countries, including Saudi Arabia, Egypt, and the United Arab Emirates. GBarena was founded by Samer Wagdy and Mustafa Zaza.…

19 Jan 2023 - On Monday, January 16, 2023, the “Yassir Tunisia” application received a warning from the Tunisian Ministry of Technologies and the Ministry of Transport. The two ministries claim that the company “Yassir Tunisia” encourages users to sign up for the application to engage in unauthorized public…

19 Jan 2023 - Brendon Williamson, managing director of Payfast, and Chris Wood, regional managing director at Network International.  Payfast, the top supplier of payment gateways in South Africa, has undergone a significant rebrand. Under Network International, the company has partnered with PayGate and SiD to…

19 Jan 2023 - Carry1st announced today that it has raised $27 million in a funding round led by BITKRAFT Ventures, with participation from Andreessen Horowitz (a16z), TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures, and Konvoy, solidifying its position as the top publisher of mobile games in…

19 Jan 2023 - PAKAM Technology Limited has announced a pre-seed investment of $635,000. Pakam intends to achieve waste scarcity through digital tools while also developing a strong circular economy. This cash will be utilised to strengthen the company’s ecosystem products and link all of the dots in the…

18 Jan 2023 - DriveMe, a top mobile technology business in Nigeria, has declared that it will buy Go! in full. In Nigeria, TwentySix is a leading supplier of valet services. DriveMe will gain national exposure in the expanding valet service market thanks to the acquisition, which will become final on January 1st…

18 Jan 2023 - The tech sector had substantial instability in the second half of 2022. Social media goliaths Twitter and Meta reduced major portions of their workforces,cloud and e-commerce juggernaut Amazon stated it will lose tens of thousands of workers, and even Microsoft experienced its weakest sales…

18 Jan 2023 - An initiative to foster technological and digital innovation is being approved by the Togo government on January 11, 2023. The executive branch met in the Council of Ministers and passed “the preliminary drafted law relating to the development of the innovation or startup ecosystem in Togo.” A few…

16 Jan 2023 - Gebeya, an Ethiopia-based SaaS-enabled pan-African talent marketplace, recently announced a pre-Series A investment from Inclusion Japan, a Japanese venture capital firm. Gebeya connects startups, SMEs, and multinational corporations in more than 30 African nations with vetted, qualified talent and…

16 Jan 2023 - KarmSolar, an Egyptian company that makes solar power and sells electricity, has raised $3 million in debt financing to help speed up the building and use of the Farafra Solar Grid with the help of Ezdaher Financial Consultancy, HSBC toopart in the investment round. KarmSolar wants to lead the…

16 Jan 2023 - In a deal that could be worth as much as $684 million, the German biotech company BioNTech SE bought the Tunisian AI startup InstaDeep. The acquisition is consistent with BioNTech’s goal of establishing global leadership in AI-driven drug discovery as well as the development of next-generation…

16 Jan 2023 - Kenyan microfinance company Kuscco (Kenya Union of Savings and Credit Cooperatives) sold its 75% stake in Irnet, a company that made banking software, to a Chinese company. Kenyan fintech company Kwara bought the company for an amount that was not made public. After the Irnet was sold, the two…

16 Jan 2023 - TV Anywhere (TVA), a new media technology company, has teamed up with MTN, South Sudan’s largest mobile network provider, and Target Media to launch MTN TV+, South Sudan’s first mobile television platform. MTN TV+ is a mobile streaming service that lets you watch live TV from local and…

16 Jan 2023 - Startup funding, or simply beginning capital, is the capital used by a business owner or startup founder at the start of operations. There are several ways to get the money, which can then be used for things like salaries, rent, inventory, and advertising. So, you might want to know how or where…

16 Jan 2023 - Catalyst Fund recently announced its first investments in ten African startups that are leading the way in areas like agtech, insurtech, waste management, disaster response, and carbon finance. The goal is to help communities adapt to the effects of climate change and build their resilience. This…

16 Jan 2023 - The Federal Ministry of Education (FME) is the implementing agency for the Federal Government of Nigeria’s World Bank-assisted Innovation Development and Effectiveness in the Acquisition of Skills (IDEAS) Project (FGN). The goal of the IDEAS Project is to make Nigeria’s labor market better for…

16 Jan 2023 - Shopstar, a South African-founded e-commerce business, has released Africa’s first live shopping app. Flick Live is a dynamic social commerce platform powered by Shopstar that allows brands and retailers to sell their items, communicate with viewers, and win new customers in real-time live streams…

13 Jan 2023 - Meta, the company that owns Facebook, WhatsApp, and Instagram, is shutting down its East African content moderation hub, which will affect about 200 employees, as it moves away from policing harmful content. Sama, a third-party contractor for Meta, has said that it will only work on data labeling…

13 Jan 2023 - Africa Data Centres will give the Johannesburg Internet Exchange (also called Jinx) and the Cape Town Internet Exchange “free peering” from any of its data center facilities (Cinx). Internet exchanges such as Jinx and Linx, as well as the Teraco-operated NAPAfrica, allow Internet service providers…

13 Jan 2023 - People familiar with the situation told Bloomberg that MTN Group, Africa’s biggest mobile phone company, is planning to sell off some of its smaller operations in West Africa to focus on its main markets. The telecom giant is currently looking at its assets in the area to figure out which could be…

13 Jan 2023 - Last year, African start-ups raised a record US$5.3 billion. However, that may be the peak because the funding pool is getting smaller as the tech industry slumps. According to data from Buiter Bridges, a market intelligence company, the number of deals jumped 20% to 964 in 2022, even though the…

11 Jan 2023 - In a pre-series A funding round that was oversubscribed, the Nigerian agritech startup Releaf raised $3.3 million. With the new money, the company will be able to roll out two new technologies that will make it easier for African factories that make consumer goods to get high-quality ingredients.…

11 Jan 2023 - The new product uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT. It’s important to know that Yellow Pay is not a service for sending money abroad or exchanging foreign currency. Instead, Yellow Pay is an advanced crypto exchange product. Yellow Card’s crypto…

11 Jan 2023 - Sky News says that top African fintech company Flutterwave and several other interested parties are in talks to buy the well-known British fintech company Railsr. The UK-based startup focuses on “embedded finance solutions,” like banking services, and has been under pressure because it has been…

11 Jan 2023 - Next month, more than 1,000 tech leaders, investors, and other players will gather for the fifth Africa Tech Summit in Nairobi, Kenya. This leading conference brings businesses together and encourages investments in Africa’s tech ecosystem. It will take place at the Sarit Expo Centre on February 15…

11 Jan 2023 - raised $13 million in equity and debt during its pre-Series A round.With this new investment, the company will be able to grow its business in new countries and keep improving its technology platform, which brings together all of the different logistics and financing providers in the African trade…

10 Jan 2023 - As pre-sales of Elon Musk’s satellite internet service Starlink begin in Nigeria, the prices for its starter kits have been made public. Starlink announced in a statement obtained by TheCable on Tuesday.The adjustment is in keeping with the company’s plans to establish and expand its offerings in…

10 Jan 2023 - Plesion Capital has announced that it will be a social impact venture capital firm that will work with entrepreneurs and businesses with a mission to fight global poverty. It works by making pre-seed and seed investments in promising entrepreneurs whose products and services make people’s lives…

10 Jan 2023 - The strategic investment arm of National Holding, Emirates International Investment Company (EIIC), has signed a partnership agreement with Mahaseel Masr, one of the first regional B2B digital platforms for fresh produce, to speed up the deployment of the Mahaseel Masr Agri e-commerce platform. The…

10 Jan 2023 - When non-disclosed transactions were eliminated, African companies founded by women on the continent raised 203.2 million US dollars. This is 58% less than what businesses of this type mobilized in 2021. This information, which covers fundraising transactions worth over USD 100,000,  reported by…

7 Jan 2023 - Three South African entrepreneurs in technology are hoping that their new Blockchain, called Fraxeum, which is still in its early stages, will change the world of finance. This is because more institutions, banks, and service providers are using Blockchain to make it possible for retail investors…

7 Jan 2023 - Everyone suffered during the Covid-19 pandemic. However, for Siyamtanda Hlobo, the enforced lockdowns resulted in developing her hobbies into a life-changing technological start-up called Eleglam Business and Digital Solutions. Her business was one of ten finalists in the R1 million MTN Women in…

7 Jan 2023 - Teraki, an Ethiopian audiobook and podcast startup, has received funding from Renew Capital, an Africa-focused impact investing firm. The deal, which was done recently for an amount that is not known, is suitable for both Teraki and Ethiopia’s growing audiobook and podcast community. Teraki and…

7 Jan 2023 - As the African Energy Chamber finalizes plans for a New Year’s party on January 26 in London, they are also looking for new ways to fund energy projects in Africa. At the special New Year’s Reception at London’s Waldorf Hilton hotel, people will be encouraged to look for new ways to fund energy…

7 Jan 2023 - African tech startups that are still in their early stages can now apply for the Baobab Network 2023 Accelerator Program. The Baobab Network is a world-famous accelerator program that helps the most innovative ideas on the African continent get bigger. Selected startups will participate in a 3-…

7 Jan 2023 - From fintech to agritech, African technology innovators demonstrated that they are at the vanguard of change on the continent during the recent Africa Money & Defi Summit in Accra, Ghana. David Boye-Doku, the co-founder of PayBox, said that Africa could skip ahead to decentralized finance (Defi…

6 Jan 2023 - The “Maroc Numeric Fund II” (MNF II) has said that it will expand its investment to include startups started by Moroccans living outside Morocco.This is done because the Moroccan diaspora has made a significant contribution to the growth of the Moroccan startup ecosystem. The Fund’s control bodies…

6 Jan 2023 - people talking as its locally produced microsatellite prepares for launch from Cape Canaveral. As part of the Transporter-6 mission, EOS SAT-1 will launch from SpaceX’s launch pad. Dragonfly Aerospace’s main office is in Stellenbosch, and they are building a network of “eyes in the sky” that they…

6 Jan 2023 - If your firm uses cutting-edge technology for climate action, such as drones, blockchain, extended reality (XR), artificial intelligence (AI), machine learning (ML), or unique data science (DS) then the UNICEF Funding Opportunity for Climate Startups is for you. Benefits From the UNICEF Venture…

6 Jan 2023 - This is Dr. Marliyyah Mahmood’s point of view as a woman in technology and project manager for Nigeria’s start-up Arewa. She claims that as a result of technological improvements, women in the West African country now have more access to a variety of options online. “It is hard to overestimate the…

2 Jan 2023 - Mastercard, a US company that makes payment systems, will work with the US Agency for International Development Finance (DFC) on a funding project for digitization and financial inclusion in Africa. The agreement was reached on the eve of the United States-Africa Leaders Summit, which took place in…

2 Jan 2023 - The Director General of the Ethiopian Communication Authority (ECA) said that the ECA plans to put out an expression of interest for a third telecom provider at the beginning of February 2023. This comes after the authority called for stakeholder engagement on November 16, 2022, for the third…

2 Jan 2023 - Millesima Technologies, a Tunisian startup registered with StartupAct that focuses on data technology, streaming video, and VOD, has announced a 1.5 million dinars (USD 480K) fundraising. The launch of the MYVIOO platform will be aided by fund from BH Equity, a subsidiary of BH BANK that has been…

2 Jan 2023 - Applications are being accepted for the 9th round of the Tony Elumelu Entrepreneurship Programme .The program gives US$5,000 in funding and training to startups. The Tony Elumelu Foundation (TEF), which runs the program, has set aside US$100 million to help mentor, train, and fund 10,000 African…