- Egyptian home furnishing company Ariika has secured $3 million in Series A extension funding from Beltone Venture Capital and Citadel International Holdings. The investment positions the company to expand its presence across the Middle East and North Africa’s $20 billion home and décor market. The…
- Global technology leader Salesforce has unveiled its strategic entry into Nigeria, marking a significant expansion of its African footprint. The company, renowned for its customer relationship management (CRM) solutions, is taking an unconventional approach by prioritizing talent development over…
- South African fintech company Mama Money unveils an innovative banking solution through strategic partnerships with Pick n Pay and Access Bank. The collaboration introduces a WhatsApp-powered bank card designed to transform financial services accessibility across the country. The new banking…
- Yellow Card reaches a significant milestone with its newly acquired Crypto Asset Service Provider license in South Africa. The cryptocurrency platform strengthens its position in Africa’s financial technology sector through this regulatory achievement, following successful partnerships with global…
- Zimbabwe launches its most ambitious urban development project with an artificial intelligence-powered traffic management system in Harare. The sophisticated technology aims to tackle the capital’s persistent congestion issues while enhancing road safety through smart monitoring and control systems…
- Egypt’s financial landscape is set to transform as the Central Bank of Egypt announces its plans to implement card tokenisation technology by 2025. This advanced security measure represents a crucial step in protecting the nation’s rapidly expanding digital payment ecosystem. The technology works…
- Vodacom Group has launched an ambitious digital education initiative targeting one million young Africans across eight countries by 2027. The telecommunications company has partnered with industry leaders Amazon Web Services, Microsoft, and Skillsoft to deliver comprehensive digital training…
- A strategic partnership between Swedish technology provider Telness Tech, VAS2Nets, and Lebara heralds the introduction of a new Mobile Virtual Network Operator in Nigeria. The collaboration merges international expertise with local market knowledge to deliver enhanced telecommunication services to…
- VistaJet has launched an ambitious expansion of its premium aviation services into East and Southern Africa, following successful operations in West Africa. The global business aviation company has initiated promotional activities in major urban centers including Nairobi, Johannesburg, and Cape…
- Orange Egypt has committed $52.7 million to accelerate technology innovation among African youth, marking a significant development in the continent’s startup landscape. The investment coincides with the telecommunications company’s recent agreement with Egyptian authorities for the second phase of…
- Africa’s linguistic landscape faces a critical challenge with approximately 12% of its 2,000 languages at risk of disappearing. This crisis stems from colonial legacies and globalization’s push toward English dominance in international commerce. UNESCO’s prediction that 40% of global languages face…
- Zenith Bank has unveiled the fourth edition of Zecathon, its flagship startup competition and incubation program. The initiative targets early-stage Nigerian startups developing solutions across multiple sectors, including embedded finance, cybersecurity, fintech, healthtech, agritech, and e-…
- The Bank of Zambia has licensed DigMo, a new financial services company offering gamified wealth-building tools targeting low and middle-income earners. The platform introduces innovative savings products with incentives designed for previously underserved customers. James Chona, former Chief…
- Nigerian healthcare technology company MDaaS has launched operations in Cameroon, marking its first expansion into Francophone Africa. The diagnostic health tech startup seeks to replicate its successful Nigerian model in Cameroon’s growing healthcare market. Founded in 2017 by Oluwasoga Oni and…
- Chad has granted approval for Starlink, Elon Musk’s satellite Internet provider, to operate within its borders. The decision follows negotiations that started in 2021 and addresses a critical need in the central African nation, where Internet access reached only 12% of the population in 2022.…
- Embedded finance is changing the payment landscape in Africa. The question now is: what will it take for embedded finance to truly scale across Africa? The global embedded finance market is projected to surpass $228 billion by 2028, according to Juniper Research. As this sector evolves and consumer…
- Today, Pretoria transforms into the heart of blockchain innovation as the highly anticipated Blockchain Africa Conference 2024 kicks off at the prestigious CSIR International Convention Centre. With over 500 participants from more than 50 countries, this event marks a defining moment in the journey…
- Société Générale Sénégal and AUTO24.sn are proud to introduce the AUTO24 Loan, a groundbreaking financing solution designed to make it easier for Senegalese citizens to acquire certified and guaranteed used vehicles. This collaboration aims to address the increasing demand for reliable and…
- Telkom has paused the sale of Openserve, indicating a reconsideration of its approach to managing assets. Retaining Openserve could have implications for Telkom’s financial framework while presenting opportunities to capitalise on South Africa’s growing demand for broadband services. This move…
- Andela, a global talent outsourcing unicorn, has teamed up with the Cloud Native Computing Foundation (CNCF), a project under the Linux Foundation, to train 20,000 Africans in cloud-native fundamentals. This collaboration seeks to bridge the global talent gap in cloud-native technologies. Over the…
- South Africa’s online grocery sector is experiencing unprecedented growth, with market projections indicating a rise to R80 billion (around $5 billion USD) by 2026. This growth reflects a significant shift in consumer behaviour, particularly among middle and upper-class shoppers. Industry experts…
- A transformative renewable energy project is reshaping the discussion around climate action as nations gear up for November’s COP29 climate talks. This initiative showcases the growing potential of large-scale solar energy implementation, offering critical insights for developing economies,…
- Google is revolutionising creativity within its Workspace tools by introducing Gemini’s image generation feature in Google Docs. Leveraging its advanced Imagen 3 model, the tech giant now allows paid Workspace users to generate photorealistic custom images directly within Google Docs. This…
- Sofri’s newly relaunched digital app is making waves with a series of updates designed to deliver a seamless and secure banking experience. This is more than a routine update; it’s a complete transformation aimed at enhancing user convenience, boosting security, and simplifying financial management…
- Pretoria (Tshwane), Gauteng, South Africa – Bitcoin Events is thrilled to announce the 10th anniversary of its flagship event, the Blockchain Africa Conference 2024, scheduled for November 20, 2024, at the CSIR International Convention Centre in Pretoria (Tshwane), Gauteng, South Africa. This…
- There’s a running joke that if you shake any tree, an Africa-focused remittance startup will fall out. The sector is brimming with recognisable names like Lemfi, NALA, Raenest, and Grey. However, these prominent players often rely on the backbone provided by lesser-known payment businesses to…
- South Africa is gearing up to take the driver’s seat in the global automotive industry. With its newly unveiled Automotive Industry Master Plan, the nation aims to secure 1% of global vehicle production by 2035. This is more than just an ambitious number—it’s a bold step towards a greener, more…
- Beginning in January 2025, the government will cease the registration of petrol-powered motorcycles for public transport in Kigali, reserving registration exclusively for electric motorbikes. This move aligns with the government’s broader commitment to promoting sustainable mobility. The Ministry…
- A recent report from Flourish Ventures reveals that while African founders deeply enjoy their work, many acknowledge its negative impact on their mental well-being. Although these entrepreneurs are passionate about their journeys, external pressures such as fundraising difficulties and Africa’s…
- The British International Investment (BII) has announced its commitment of USD 16 million to the Africa Go Green Fund (AGGF), a fund managed by Cygnum Capital Asset Management. This latest pledge brings the fund’s total raised to over USD 166 million at its interim close, further advancing its…
- Access Bank UK, a subsidiary of Access Holdings, a financial services group with a market valuation of ₦1.28 trillion, is set to acquire a majority equity stake in Afrasia Bank, the fourth largest bank in Mauritius by total assets. This strategic move will enable Access Bank UK to expand its…
- Google has announced the six startups chosen for its 2024 Google for Startups Accelerator Africa program. This initiative provides equity-free support valued at approximately USD 50,000, alongside mentorship and access to Google’s extensive resources, including up to USD 200,000 in Google Cloud…
- Carbon, the Nigerian digital bank, is set to resume issuing cards this month after a six-month pause in its card services. The decision comes in response to customer demand and changes to the company’s card delivery system, according to a statement provided to TechCabal. “Our international card…
- The Central Bank of Nigeria (CBN) has granted Currenzo, a Nigerian subsidiary of the global financial institution Africhange, an International Money Transfer Operator (IMTO) licence. This move empowers Africhange to process remittances directly into Nigeria without intermediaries, offering faster…
- Visa, the world’s second-largest card payment processor, has made strategic investments in four African startups as part of its plan to invest $1 billion to drive financial inclusion in the continent. These startups are part of Visa’s biannual Africa Fintech Accelerator program, which launched in…
- Telecom Egypt and Saudi Arabian technology, media, and telecom (TMT) company Mobily have signed a cooperation agreement to land the first Saudi submarine cable connecting the Kingdom to Egypt. This landmark deal aims to enhance regional connectivity and bolster communication links between the…
- South Africa’s Competition Tribunal has issued an order prohibiting a proposed deal between telecoms operator Vodacom and fiber company Maziv (previously branded as MAZIV). The Tribunal’s decision comes as a blow to Vodacom’s ambitions to expand its fiber footprint, particularly in low-income areas…
- Orange Middle East and Africa (OMEA) and the payments giant Mastercard have joined forces to expand access to mobile financial services across Sub-Saharan Africa. This landmark partnership, one of the largest of its kind in the region, aims to empower millions of Orange Money wallet holders by…
- Volkswagen Group Africa has launched its multifunctional facility in Gashora, Rwanda, to pilot a groundbreaking farming initiative known as the GenFarm project. This comprehensive ecosystem of e-powered mechanized farming services aims to transform the rural landscape of Africa, offering a…
- Nigeria has entered a new phase in its technological development with the launch of locally manufactured laptops and tablets. The National Agency for Science and Engineering Infrastructure (NASENI) has joined forces with Imose Technologies Ltd to produce these computing devices within Nigerian…
- The World Intellectual Property Organization (WIPO) has unveiled the 2024 edition of the Global Innovation Index, offering a comprehensive analysis of the state of innovation across 133 countries worldwide. The report highlights both progress and challenges at critical stages of the innovation…
- E-commerce giant Jumia reported operating losses of $20.1 million for the third quarter of 2024, as challenging macroeconomic conditions in key markets continued to weigh on its revenues. This marks a 10% increase in operating losses compared to the same period last year. Jumia’s stock ($JMIA) is…
- Bolt has revealed that it removed more than 5,000 drivers from its platform in 2023 as part of a significant database cleanup effort. This initiative is set to continue this year, with the company implementing a driver score system to maintain quality standards. The driver score evaluates…
- The Bank of Ghana (BoG) has imposed a one-month suspension on TapTap Send, an international remittance platform, barring it from collaborating with any regulated financial institutions in Ghana. This action was taken due to a violation of remittance regulations. BoG circulated a notice to banks,…
- Kenya’s Communications Authority (CA) has directed telecom companies to temporarily block Telegram in an effort to curb exam cheating. This move, aimed at preventing students from sharing exam answers, has resulted in restrictions on Telegram across major networks. On Friday, Netblocks, an internet…
- The Minister of Information, Publicity, and Broadcasting Services, Monica Mutsvangwa, highlighted that the introduction of licensing would play a significant role in tracing the origins of false information that might incite violence or social unrest. Under this new regulation, group administrators…
- Visa, the world’s second-largest card payment processor, has announced strategic investments in four African startups as part of its ambitious $1 billion commitment to advancing financial inclusion across the continent. This move aligns with Visa’s broader vision of fostering innovation in Africa’s…
- In South Africa, fintech (financial technology) startups are bringing big changes to online payments. They’re helping people pay and get paid in easier, faster, and safer ways. One exciting area where this is making a difference is online sports betting. Online casinos and gambling sites are…
- MTN Nigeria, the country’s largest telecommunications company, has applied for Payment Service Solutions Provider (PSSP) and Payment Terminal Service Provider (PTSP) licenses for its fintech subsidiary, MoMo PSB, signaling an increased focus on digital payments within Nigeria. The PSSP license will…
- ChitChat has extended its social commerce services beyond Africa, now reaching advanced economies such as China, the United States, the United Kingdom, Japan, India, Canada, and Malaysia. Additionally, the app will introduce features like multi-currency exchanges, a ChitChat wallet, and a USD…
