- WomHub is an innovation, and women started coworking space in Cape Town. It is now available to the public. The space aims to give women entrepreneurs, freelancers, and professionals a workplace and a community to support them. WomHub is a coworking space in the center of Cape Town. It is…
- To bring digital excellence to Azule Energy’s operations and activities, the world’s leading industrial software provider encouraging innovation and sustainability has teamed with Angola’s largest independent oil and gas operator. The partnership agreement will enable Azule Energy – a 50/50 Joint…
- More than 88,500 telecom operators, entrepreneurs, corporations, and governmental institutions came to the event in Barcelona to network and make relationships that matter through connectivity. The event is put on by GSMA, a group of mobile network carriers from around the world. In September, the…
- Nanobank, a lending business formed by combining its micro-lending business with Mobimagic’s point-of-sale business, sold out most of its business in Asia to Opay in exchange for shares for an undisclosed private equity firm. For Opera, the consumer internet brand to increase its stakes in Opay, it…
- African investment firm ShEquity Partners, which focuses on women, has started accepting applications for the fourth round of the ShEquity Business Accelerator. (SHEBA). ShEquity is an investment organization that puts money into innovative, effective, and scalable businesses operated by women in…
- Factor[e] Ventures has announced the creation of Delta40. This new venture studio will focus on developing and investing in technology-driven businesses in Africa to boost local incomes and combat the effects of climate change. Delta40, led by seasoned entrepreneur Lyndsay Holley Handler, wants to…
- A robust market intelligence strategy gives startups a constant bird’s-eye view of the market.With a bird’s-eye view of the market, your organization can remain strong in volatile marketplaces, quickly pivoting as necessary. Most product sales in emerging areas like Africa happen offline. This is…
- JP Morgan, the biggest bank in the United States and the world based on market capitalization, now had a regional office in Nairobi, Kenya. The American banking giant is present in Nigeria, Egypt, South Africa, and Kenya. These countries are referred to as “the big four” because of their highly…
- Airtel Mobile Commerce Uganda Limited (AMCUL) has launched a new partnership with Prudential Assurance Uganda Limited and Turaco Insurance Brokers Ltd. This cooperation aims to make it easier for low-income families and underserved communities in Uganda to get insurance. The new hospital cash…
- The Board of Directors of the African Development Fund has authorized a $3.9 million grant to help pay for a project to improve Liberia’s payment infrastructure and processes. The Bank’s concessional lending window cleared the grant on March 17. The project’s primary goal is to improve the payments…
- Tech and creative industries have grown recently in Nigeria and have made it a ground for start-ups in these sectors. Propelled by a higher density of youth population and amount of internet penetration, the country has produced successful tech companies like Flutterwave and Paystack, as well as…
- Africa Data Centres, a Cassava second-class technology, and a group of Africans with a common interest in technology have agreed with TechAccess to launch a Data Centre Infrastructure Management (DCIM) solution. DCIM has been used to assess, test, and also make reviews regarding the management of…
- Twitter Blue, the paid subscription service for Twitter users, was announced in June 2021 to make the user experience on the platform better. However, when Elon Musk took control of the company, he introduced new features, along with the ability to purchase verification. Thus, making the fancied…
- The recent redesign of the Nigerian currency has drastically dropped the efficiency of digital banking in Nigeria, which also resulted in a cash shortage. However, people’s reliance on banking apps and USSD platforms has caused significant pressure on the already unstable digital banking…
- Amazon’s cloud computing business, AWS, is now accepting applications for the first time for the AWS FinTech Africa Accelerator. This is part of Amazon’s efforts to grow its presence in Africa. AWS’s well-known Startup Loft Accelerator runs this program; unlike other cohorts, this one will focus on…
- After selling Nanobank for $127 million in 2022, Opera, a Norwegian consumer internet brand, has raised its share in the Africa-focused neo-bank OPay from 6.4% to 9.5%. Opera used to own 42% of Nanobank, which was made when Opera’s microlending business and Mobimagic’s point-of-sale business joined…
- Fast Congo, which is owned by GBS and the Paratus Group, says that a lot of fibre capacity has been turned on in DRC. In the Democratic Republic of the Congo (DRC), Fast Congo, part of the Paratus Group, states that its 620-kilometer fiber optic network link between Muanda on the West Coast and…
- After its funding ran out, Zumi, a Kenyan e-commerce site that sold non-food items, shut down, adding to the growing list of digital businesses that have failed recently in Kenya. William McCarren, the company’s co-founder and CEO announced on LinkedIn that at least 150 individuals would lose their…
- Liquid Intelligent Technologies (https://www.Liquid.Tech) announced that it had bought the Cairo-based technology business Cysiv MEA, which used to be called SecureMisr. Some of Egypt’s most prominent corporations use this business to get enterprise cloud and cyber security services, especially in…
- Credable has secured $2.5 million in a seed round headed by Ventures Platform. Credable is an embedded finance platform that helps businesses, including e-commerce platforms, mobile carriers, and logistics organizations, by giving them technological stacks, scoring tools, and banking partners.…
- Nigerian finance startup Onepipe has gotten a $4.8 million credit line from pan-African investment company TLG Capital. The TLG Africa Growth Impact Fund (AGIF), a credit company that invests in the area south of the Sahara, has ended the investment round.00p Onepipe is a service provider offering…
- Almentor ,an online platform for learning Arabic through videos in Egypt. It has just received $10 million in a pre-Series C fundraising round. E & Capital’s technology investment section led this finance round. e& Capital has joined Partech, Sawari Ventures, Egypt Ventures, Sango Capital,…
- Verod-Kepple Africa Ventures (VKAV), an African platform for venture capital, has received $43 million for its pan-African venture fund. The fund invests in scalable, tech-enabled enterprises that are already making money and are solving hard problems in several industries on the African continent…
- The South African neobank Fin has acquired the Pretoria-based fintech company Thuthukani as part of its growth strategy. With the purchase, Fin Home Loans, Thuthukani’s extra housing finance service, will be renamed Fin Home Loans and added to Fin’s South African portfolio. The goal is to give…
- Microsoft has published its latest inclusion of 13 new African languages to its Azure Cognitive Services Translator. Making text and document translations across the Microsoft ecosystem of products and services possible. ChiShona, Hausa, Igbo, Kinyarwanda, Lingala, Luganda, Nyanja, Rundi, Sesotho,…
- Google’s new focus on gender parity has birthed the launch of a new program to empower women entrepreneurs in African countries. As of 2022, Google’s Black founders fund achieved 100% gender parity, a milestone that other accelerators like Y combinators and tech stars are yet to achieve. The…
- Recently, Andela, one of the top global talent networks connecting companies to remarkable engineering talents in Africa, obtained Qualified, an assessment platform that verifies top engineering talents. The acquisition of Qualified represents Andela’s first publicly announced acquisition.…
- International Women’s Day is a global day that celebrates the accomplishments of women while reminding us of the ongoing struggle for equality. Significant activity is witnessed worldwide as groups, individuals, companies and organizations come together to celebrate women’s achievements or rally…
- Several countries in Africa have experienced a dramatic increase in phishing attacks. Kaspersky, a leading cybersecurity firm, announced the global growth it achieved by 2022. Based on the company’s recent reports, Kaspersky’s anti-phishing system has prevented over 500 million attempts at…
- Nuru, an energy company based in the Democratic Republic of the Congo (DRC), has raised the first $1.5 million of its Series B funding round through a convertible note. A stellar group of international investors will invest the remaining funds during the financial close. Nuru is a 2020 startup that…
- The National Bank of Rwanda has given Flutterwave two licenses, which allow it to provide remittance services and work as an electronic money issuer in the country. Flutterwave is an African fintech unicorn. The move is part of the company’s plan to grow in East Africa, where it already has…
- The operational setup of Impact Investing Ghana’s Ci-Gaba fund of funds has started .This fund of funds aims to help local capital providers access $75 million in local and international financing. These local investors are putting their money into small and medium-sized businesses (SMEs) to help…
- EchoVC, a technology-focused early-stage VC firm with offices in Lagos that invests in underrepresented founders and underdeveloped markets, has launched EchoVC Chain, an $8 million “pilot” seed fund for blockchain startups. Since a few years ago, blockchains have been very interesting to us at…
- FairMoney, a Nigerian digital banking platform, has bought PayForce, a small business payment service for merchants. This is part of its plan to offer more financial assistance to merchants. Sources say it was a cash-and-stock deal worth between $15 million and $20 million, but the terms of the…
- To encourage entrepreneurship and the development of jobs in Africa’s largest economy, the Nigerian government has established a $672 million fund aimed at young business owners in the technology and creative industries. Vice President Yemi Osinbajo announced the Investment in Digital and Creative…
- Last week, news emerged that Silicon Valley Bank, a major lender to startups worldwide, had gone out of business. The Federal Deposit Insurance Corporation (FDIC) took over the bank and put it in receivership. This is the most significant failure of a U.S. financial institution since Washington…
- SwiftVEE, a South African company that was one of the first to trade livestock, has released PrysWys, an app that will help farmers save money on inputs. PrysWys is a retail service that connects farmers directly to manufacturers of inputs. It is available in the Apple App Store, the Google Play…
- Telkom, the largest integrated communications company in South Africa, has started using the Chat 2 Pay feature from Clickatell, the leader in Chat Commerce and business messaging. Millions of Telkom customers can now pay with WhatsApp, the most popular chat app in the country. Telkom now offers…
- Ukheshe, a leading fintech enablement partner, is working with others in East Africa as part of its plan to grow. Anthony Karingi, the company’s vice president for business development in the region, says they know how important it is to make partnerships and use local knowledge when they move into…
- Following recent African cyber security attacks and hefty AML bank fines, compliance is on everyone’s mind. As a result, this article will concentrate on one of the most crucial business security measures available today: AML. Anti-Money Laundering is what AML stands for. Many businesses use AML…
- Thabiso Foto, the chief financial officer of Founders Factory Africa, talks about how fintech has helped improve access to financial services in Africa over the past ten years. Fintech solutions are made for the underserved, including low-income people, women, people living in rural areas, and…
- OneConnect is PowerSchool’s first channel partner in Africa. PowerSchool is a major provider of cloud-based software for K–12 education in North America. OneConnect, an innovative company that offers turnkey technology services and solutions in South Africa and all over Africa, will help…
- The Bank of Ghana has given Cross Switch Ghana L.T.D. permission to work as an Enhanced Payment Service Provider. This is good news for Cross Switch Ghana L.T.D. and Cross Switch International S.A.R.LThe Bank of Ghana just gave Cross Switch Ghana L.T.D. permission to work as an Enhanced Payment…
- Naspers, Africa’s most valuable tech company, has stopped running its R1.4 billion ($100 million) South Africa-focused venture capital fund, Naspers Foundry. According to a report by a local news outlet, BusinessDay, this is because the global recession has hurt the venture capital industry. The…
- With the launch of Miva Open University, uLesson, a Nigerian edtech company that offers online K–12 education across Africa, is moving into higher education. The pan-African distance e-learning institution will be a fully licensed degree-granting institution that offers undergraduate courses in…
- According to the latest data from International Data Corporation (IDC), Kenya’s smartphone market dropped for the second quarter in Q4 2022, with shipments down 13.5% year on year (YoY). In its report, the global technology intelligence firm said that supply shortages and rising prices were the…
- PayShap, an interbank and real-time digital payments service developed in collaboration with Bankserv, a clearing house owned by South African commercial banks and the South African Reserve Bank, will launch on Monday, March 13. PayShap says it will make it easy and safe for banked and unbanked…
- In the past few years, the venture capital scene in Africa has grown a lot, with more investors and startups joining the market. A report from AVCA in April 2022 said that between 2014 and 2021, the number of transactions on the continent grew at a compound annual rate of 32%. However, the business…
- IDC, a global technology research and consulting firm, says that in the first quarter of 2023, the Middle East and Africa (MEA) personal computing devices (PCD) market, which includes desktops, laptops, workstations, and tablets, will drop by 18.9% from the same time last year. International Data…
- Nigeria’s broadband penetration has gone from 41% in January 2022 to 48%, according to the latest numbers from the Nigeria Communications Commission (NCC). There are 92,011,259 million broadband subscriptions in the country. Techloy’s analysis shows that the growth rate has been around 0.5% since…
