- 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…
- GoLemon, a grocery delivery startup founded by four former Paystack employees, is set to begin testing a next-day delivery service next week, according to sources close to the company who spoke to TechCabal. Currently, GoLemon’s quickest delivery option is two days from the time of order. By…
- The Australian Government is enhancing Africa’s capacity to address the growing effects of climate change and tackle food insecurity through a new Africa-Australia Partnership for Climate Responsive Agriculture. Scheduled to be announced at the Commonwealth Heads of Government Meeting, where…
- The Central Bank of Kenya (CBK) reported that UBA Kenya breached capital requirements, failing to meet the 8% minimum core capital-to-deposit ratio due to ongoing losses. Three sources with direct knowledge said the CBK also fined the lender; however, UBA stated in a release that it was unaware of…
- With search engines being a multibillion-dollar industry—Google Search alone generated up to $175 billion last year, according to Statista—it’s unsurprising that Meta is reportedly aiming to capture a share by developing its own AI-powered search engine. This move could position Meta as a major…
- Sistema.bio, a Nairobi-based biogas technology company, has announced the acquisition of Inclusive Energy (IE), a digital monitoring platform for solar and biogas systems, shortly after securing $15 million to scale clean energy technology across Africa. This acquisition enhances the company’s…
- On October 11, 2024, Crypto Fest held its sixth annual gathering at Cape Town’s iconic DHL Stadium. The event attracted a vibrant audience of 403 attendees from 16 countries, with an impressive 93% representation from the African continent. Bringing together professionals from various sectors,…
- A new railway in Tanzania could accelerate economic growth in East Africa. Tanzanian authorities hope the country’s first electric-powered train, connecting the capital Dodoma with the port city of Dar es Salaam, will inspire rail projects in neighboring countries, positioning Tanzania’s line as a…
- Google is strengthening its support for AI training in sub-Saharan Africa with a new $5.8 million commitment to equip the workforce with vital AI skills. This funding will support programs that help people across various sectors learn to use AI tools and integrate AI into their work, preparing them…
- Ghanaian agritech company Oyster Agribusiness has secured $2 million to enhance its climate-smart farming initiatives. The funding round, led by Pangea Africa Limited, also received support from Root Capital, RDF Ghana, and Sahel Capital’s SEFAA Fund. With this funding, Oyster aims to expand its…
- Development Partners International, a British private equity firm, has led a $110 million investment in Nigerian fintech Moniepoint, elevating it to unicorn status, according to the Financial Times. Other participants in the round include Google’s Africa Investment Fund, Verod Capital, and…
- Lendsqr, a startup providing essential software for companies to launch lending businesses, will now offer clients a line of credit to enable them to issue more loans and expand their operations. Founded in 2018, Lendsqr counts Kredi, Snapcash, and Blockacash among its clients and will extend…
- Earthbond, a Nigerian startup that connects small businesses seeking solar solutions with providers, has secured $200,000 in pre-seed funding from Madica, an Africa-focused early-stage investment firm. This funding will enable Earthbond to onboard more small and medium businesses (SMBs), according…
- The Future is Female Mentorship Programme, a PR and communications training initiative exclusively for female founders, has announced 20 finalists for its fifth cohort. These finalists were chosen from hundreds of applications across Africa that closed on July 31. The selected finalists represent…
- Stanbic Holdings Plc, Kenya’s sixth-largest bank with a market capitalization of KES 49.14 billion ($381 million), has completed the upgrade of its core banking application, Temenos 24 (T24 R23). Last week, the bank notified its over 266,000 customers of service disruptions across its banking…
- Nigerian tech company Michofat Konsult Limited has launched Scavenge, an innovative peer-to-peer platform for trading pre-loved items. The platform addresses growing consumer demand for quality second-hand goods amid rising costs of new products. The application enables users to buy, sell, and…
- M-KOPA has reached a significant milestone of serving 5 million customers in Kenya, according to its 2024 Impact Report. The digital financial services company has generated over 16,000 employment opportunities and contributed Sh17.2 billion ($133.4 million) in various taxes to Kenya’s economy.…
