- Huawei Technologies, a leading information and communication technology (ICT) infrastructure provider, is reportedly preparing to establish a data center in Nigeria to comply with the country’s data storage regulations. This new facility, referred to as a “cloud site,” is set to go live on October…
- A three-month hybrid accelerator program designed for Seed to Series A Black-led technology startups. This accelerator brings together the best of Google’s programs, products, people, and technology to benefit Black founder communities across South Africa. Applications are now open Startups up to…
- On October 4, 2024, MTN Rwandacell Ltd (MTN Rwanda) highlighted its annual Y’ello Care initiative, launched in June 2024, under the theme “Learn Today, Lead Tomorrow: Education for Rural and Remote Communities.” As part of this initiative, several impactful activities were carried out to enhance…
- AfricInvest and the Health Finance Coalition (HFC) have announced the final close of the pan-African Transform Health Fund (THF), a pioneering blended-finance initiative designed to strengthen healthcare systems across Africa by scaling up proven and innovative healthcare models managed by…
- We’re excited to announce that Send App is now live across more states in the US than ever before! You can now send money from 49 states (excluding Texas) to your loved ones in Africa—easily, securely, and conveniently. Our goal has always been to provide a reliable and secure money transfer…
- Mastercard and Amazon Payment Services have joined forces in a multi-year commercial partnership aimed at transforming digital payment acceptance for merchants across the Middle East and Africa (MEA). This collaboration will see the integration of Mastercard Gateway as a payment solution in 40…
- Congo has emerged as a trailblazer in Central Africa’s telecommunications landscape with the recent deployment of its 5G network. MTN Congo, a leading telecom operator, announced this significant development, positioning the country at the forefront of digital innovation in the region. The journey…
- South Africa has taken a significant step towards sustainable public transportation with the introduction of its first electric minibus taxi. A consortium led by GoMetro, a fleet management solutions provider, has unveiled the eKamva, a 15-seater electric vehicle designed to revolutionize the…
- Fincra, an African payment infrastructure provider, has achieved a significant milestone in its expansion plans. The company has secured a Third Party Payment Provider (TPPP) licence in South Africa, enabling it to offer its payment solutions to businesses in the country. This regulatory approval…
- Cape Town, South Africa – On 11 October 2024, the DHL Stadium will host Crypto Fest 2024, one of the most anticipated South African Web3 events of the year. This event will highlight Bitcoin adoption, crypto payments, and the growing regulatory landscape across Africa, emphasising both the benefits…
- Scale, an Issuer Orchestration Platform and pioneering payments enabler, has successfully raised $700,000 in Pre-Seed funding. The round was led by early-stage investors 54 Collective and First Circle Capital, with participation from Sunny Side Venture Partners and prominent industry angel…
- ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a major capital raise of US$443 million. This funding includes a strategic US$300 million investment from the development impact investment arm of African Export-Import Bank (Afreximbank), The…
- OpenAI is set to introduce a new feature called “Canvas,” which provides users with additional space to work within the app or site. This feature is akin to a mini workstation where users can brainstorm, write down ideas, code, and engage in a variety of tasks. Described as a fresh interface for…
- Winich Farms, a Nigerian agritech company specializing in the supply of farm grain produce to retailers, has successfully raised $3 million in pre-series A funding to enhance its order fulfillment centers and upgrade its technology. This marks the company’s second funding round in two years. The…
- An African company led the way in mobile money nearly two decades ago, enabling millions to perform banking transactions despite a lack of strong financial infrastructure. While this marked a significant advancement, the continent still faces numerous challenges, including providing electricity to…
- Cape Town, South Africa – The highly anticipated Crypto Fest 2024 is set to take place from October 10-12, 2024, with the main event taking place at the renowned DHL Stadium in Cape Town. This year’s event, themed Cryptopia, will bring together leading figures from the world of cryptocurrency, Web3…
- Infinix has introduced its latest smartphone lineup, the Hot 50 series, which takes over from the Infinix Hot 40 series that was launched last December. Among the new models, the Hot 50i stands out as the top-rated option in the series. The Hot 50i sports an eye-catching ultra-oval, dual-rear-…
- South Africa’s Independent Communications Authority (Icasa) has issued a stern warning to StarSat’s parent company, On Digital Media (ODM), demanding that the company cease operations after failing to renew its broadcasting license. However, despite this directive, StarSat’s customer service agents…
- Workpay, a Kenyan cloud-based HR, payroll, and benefits platform for organizations, has secured $5 million in Series A funding. The round was led by Norrsken22, which has also backed companies like NALA and Orca, with participation from Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-…
- BII and FMO are providing funding to expand the UK International Development-funded Commercial Agriculture for Smallholders and Agribusiness (CASA) technical assistance facility. Each organization will contribute $3 million to the newly expanded facility, alongside the UK Government, for the period…
- Vantage Capital, Africa’s largest mezzanine fund manager, has finalized a €14 million mezzanine investment in Société de Production Maraîchère Samir (SPMS) to help finance the company’s growth strategy. Luc Albinski, Executive Chairman at Vantage Capital, expressed his enthusiasm for supporting…
- Presidents of Madagascar and Tanzania have praised Africa50 for its vital contribution to tackling the continent’s infrastructure challenges. Africa50 has successfully mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing within just seven…
- The initiative aims to enhance the development and financing of bioethanol production and distribution infrastructure in Madagascar. This effort is expected to mitigate severe deforestation in the country, which is partly driven by the reliance on cooking fuels such as charcoal and wood. The Letter…
- A Kenyan High Court is set to hear a case against Meta, the parent company of Facebook, brought by two Ethiopian citizens and a Kenyan civil society organization, The Katiba Institute, on Tuesday. The plaintiffs, Abraham Meareg, Fisseha Tekle, and The Katiba Institute, allege that Meta promoted…
- Next Narrative Africa, a Nigerian media production company, has partnered with HEVA Fund, a Kenyan-based investment firm, to establish a fund dedicated to African filmmakers. The $40 million Next Narrative Africa Fund will focus on investing in films with budgets ranging from $1 million to $5…
- Chpter, a Kenyan startup that has created an AI-driven conversational commerce platform enabling businesses to enhance their sales on social networks like WhatsApp and Instagram, has secured US$1.2 million in pre-seed funding to further develop its product and expand across Africa. The funding…
- KaiOS Technologies and Mastercard have joined forces to integrate digital payment solutions for small businesses in Africa and other emerging regions. This collaboration aims to leverage KaiOS’s affordable smart feature phones with Mastercard’s payment technology and global network to drive digital…
- Field, a Nigerian healthtech company, has developed a route-to-market service aimed at introducing innovative solutions to maternal mortality, infant and child health, and nutrition challenges. Supported by an initial investment of $11 million from the Bill & Melinda Gates Foundation, the…
- Bolt, the popular mobility platform, has launched its second Driver Engagement Centre in Thornton, Cape Town. This initiative responds to driver feedback emphasizing the need for in-person support. The new centre builds on the success of Bolt’s Johannesburg facility, aiming to address driver…
- Yellow Malawi, a prominent off-grid solar distribution company, has secured a significant $2 million investment from Acumen’s Hardest-to-Reach (H2R) initiative. This financial boost is set to dramatically expand the company’s reach, providing energy access to 182,000 individuals, with 145,000…
- Africa’s digital economy, Itana and the Africa Finance Corporation (AFC) have formally agreed to collaborate on establishing the continent’s first digital economic zone. This landmark partnership, unveiled at the Global Africa Business Initiative during the United Nations General Assembly, marks a…
- Kasha, a Rwandan digital platform focused on providing last-mile access to healthcare, has secured equity funding from Sanofi Global Health Unit’s Impact Investment Fund to aid its expansion into other African countries. Last year, Kasha raised US$21 million in a Series B funding round to support…
- 62% of M-KOPA users report using their M-KOPA products to generate income Leading fintech company for emerging markets, M-KOPA, has announced surpassing 5 million customers across its African markets. This significant milestone was disclosed in a statement viewed by Technext. The statement revealed…
- Amid the slowdown in investment across the African continent, certain investors and venture capitalists continue to display strong interest. Notably, Launch Africa, Techstars, and 54 Collective remain active players. This insight comes from a new report by Africa-focused tech startup analytics firm…
- Airbus has appointed Gabriel Semelas as President of Airbus in Africa and the Middle East, effective January 1, 2025. Gabriel Semelas brings over 24 years of experience in the aeronautical industry, having held key senior executive roles. He returns to Airbus from his current position as Chief…
- A United States lawmaker, Representative French Hill, has indicated that the prolonged detention of Binance Executive Tigran Gambaryan in Nigeria could negatively impact the bilateral relations between the two countries. In a video posted on the lawmaker’s X (formerly Twitter) account recently,…
- Moove drivers have previously protested against sudden hikes in remittances. Uber drivers operating under the Uber Go platform have been thrown into panic after reports surfaced that Moove, the company financing their Suzuki S-presso vehicles, is planning to increase their weekly remittances. The…
- Ooredoo Group, the Qatar-based telecommunications giant, has secured a significant financial boost to accelerate its data center and artificial intelligence (AI) infrastructure expansion in the Middle East and North Africa (MENA)region. The company has signed a financing deal worth 2 billion Qatari…
- Starlink, the satellite internet service owned by Elon Musk, has launched a more affordable kit and monthly plan in Kenya. This move comes just days after Safaricom, the country’s largest internet service provider, increased its fiber internet speeds in response to growing competition. The new…
- Raxio Group has marked a significant milestone in West Africa’s digital landscape with the launch of its state-of-the-art data centre in Abidjan, Ivory Coast. Dubbed Raxio Côte d’Ivoire (CIV1), this facility represents the company’s fifth data centre and its third launch in 2024 alone. The CIV1…
- September 26, 2024 — peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as Pickspot joins to decentralize last-mile logistics in Africa. Pickspot is building a DePIN of smart parcel lockers that people and businesses can set up at…
- The pan-African AXIAN Group, through its subsidiary AXIAN Investment, has taken a significant step in supporting African start-ups by acquiring a stake in WiASSUR, an innovative insurance start-up based in Côte d’Ivoire. This acquisition, finalized in mid-July 2024, is a key milestone in AXIAN…
- A new report titled “The Digital Opportunity of Sub-Saharan Africa” highlights that Artificial Intelligence (AI) is poised to contribute over $30 billion to the region’s economy within the next decade. Commissioned by Google and published by Public First, a policy, research, opinion, and strategy…
- Nigerian investment startup Rise has announced that it will discontinue its virtual card services, citing the unique challenges associated with offering such services in Nigeria. The fintech company has confirmed that the service will officially end on September 30, 2024. This move follows a…
- Starlink has announced that its high-speed internet service is now available in Burundi. This follows the issuance of an operating license in May 2024, granted through a presidential decree. The license was awarded to the satellite-based internet provider under the oversight of the…
- Kofa Technologies, a Ghanaian startup specializing in clean and portable battery solutions, has teamed up with PASH Global, an impact investor, to expand its battery-swapping network in Ghana. The initiative plans to deploy 6,000 batteries and establish up to 100 swap stations across the country,…
- Uganda’s financial services sector is experiencing a significant boost as Agent Banking Company (ABC) secures investment from Goodwell Investments, a Dutch impact investor. This development marks Goodwell’s entry into Uganda’s financial inclusion landscape, signaling growing international interest…
- Talk360, an innovative international calling app, has successfully secured $1.4 million in a Pre-Series A funding round. The investment was spearheaded by Havaic, a long-standing supporter of the company. This financial boost aims to propel Talk360 towards its ambitious goal of connecting seven…
- Safaricom, Kenya’s leading telecommunications provider, has entered into a strategic partnership with global payment giant Mastercard. This collaboration aims to accelerate the adoption of digital payment solutions and enhance cross-border remittance services in Kenya. The initiative is set to…
- Bolt, a prominent player in Africa’s demand mobility sector, has concluded its pioneering Accelerator Program in Kenya. The initiative, aimed at fostering innovation among its drivers and couriers, culminated in an award ceremony at the Sarova Stanley Hotel. This program, launched in partnership…
