- Convergence Partners through its Convergence Partners Digital Infrastructure Fund (CPDIF) set to acquire 100% of Datacentrix Group alongside the existing management team of over 20 years. Alviva is exiting Datacentrix pursuant to its delisting from the JSE in early 2023, to focus on its core…
- Samsung Electronics Co., Ltd is set to revolutionise the consumer electronics industry with its unwavering commitment to AI-driven technology. Recognising AI as the cornerstone of innovation, Samsung is reshaping the future of its products, embedding AI capabilities across a diverse spectrum of…
- General Atlantic, a global growth investor, and Actis, a global investor in sustainable infrastructure have signed a deal that will allow General Atlantic to acquire Actis, creating a diversified, global investment platform with approximately $96 billion in combined assets under management (AUM…
- Nigeria’s alGROWithm,a talent accelerator has secured funding to scale its Growth Talent Accelerator Program across Africa, nearly two years after it started building Africa’s first ever Growth Talent Accelerator Program (GTAP) in March 2022. With the funding, alGROWithm will unlock talent-driven…
- Mama Cherop trades in high quality secondhand clothes, popularly known as “camera,” at Nairobi’s bustling Toy Market. She sources her supplies from a wholesaler at Gikomba market on Saturdays. Usually, she spends about Kes 10,000 on new supplies every weekend. Last Saturday when she visited her…
- Visa, a global leader in digital payments and Pesaflow, a Kenyan fintech firm have partnered to streamline and enhance digital government ecosystems while fostering financial inclusion. Pesaflow has made a significant impact in digital government ecosystems with its groundbreaking solutions that…
- LG Electronics (LG) has introduced its new cutting-edge LG Styler, featuring a handheld, high-pressure steamer, Dynamic Moving Hanger™, and Dual TrueSteam™ technology. Unveiled at the Consumer Electronics Show (CES) 2024 in Las Vegas, USA, this advanced clothing care solution offers faster and more…
- Due to the substantial growth in forex trading, a wide range of service providers, including brokers, advisors, retail traders, and trading platforms, have emerged. But this has also resulted in illicit operations exploiting the absence of laws in some areas of the world. Forex licensing laws were…
- Multi-asset broker Exness has launched applications for its Fintech Scholarships program from exceptional South African students. This marks the second consecutive year of the program’s operation in the country, underlying Exness’ ongoing dedication to supporting education in STEM fields in South…
- The African tech scene is brimming with potential, and a wave of exciting opportunities is emerging for early-stage startups to propel their growth. From nurturing EdTech ventures to scaling Fintech solutions, these accelerator programs offer invaluable support and resources to help budding…
- Cameroonian messaging app OnDjoss has announced plans to expand its offering following its successful initial uptake in the country. Founded in March 2022 by a Cameroonian student, the messaging platform has numerous innovative features, including a payments feature that went live in August.…
- Gen F initiative is launching a $250,000 investment program to fuel your innovative ideas and propel them into reality. This isn’t just about cash; it’s about a comprehensive 12-week sprint packed with expert guidance, resources, and the chance to make your dreams take flight. What Gen F Offers:…
- In Gulu, Northern Uganda, a startup called Takataka Plastics is turning trash into treasure, offering an innovative solution to the city’s plastic woes. Founded in 2020 by Peter Okwoko and Paige Balcom, the startup takes a circular economy approach. They collect plastic waste from surrounding areas…
- African crypto startup Canza Finance has secured a $2.3 million funding boost to fuel its mission of making cross-border trade smoother and cheaper across the continent. This strategic investment, led by Polychain Capital and backed by Protocol Labs and others, will primarily target the development…
- Tech innovation hub, Co-creation Hub alias CcHub has announced a $700,000 investment in Edo State-based tech startups, aiming to fuel the state’s digital ecosystem. This exciting initiative, launched on Friday, offers crucial funding and support to promising tech ventures in Edo. The investment is…
- Mawingu, a leading Kenyan internet service provider has announced its expansion, connectig its network to Taveta Town. This marks a significant milestone as Mawingu reaches its 26th county, bringing affordable and reliable internet to even more Kenyans. “Our expansion into Taveta Town is another…
- ThriveAgric,a Nigerian Agricultural technology company focused on food security has flagged off its 2023/2024 dry season farming cycle with the distribution of agricultural input over 100,000 smallholder farmers in northern Nigeria to facilitate the production of over 300,000MT of grains. As part…
- The ‘Airtel Customer Care on Wheels’ is one of the latest innovations that demonstrates the importance of getting closer to the customer. It provides a customer experience that seamlessly connects subscribers to the company’s services at their convenience. The Airtel bus, which was launched in…
- Impact investor Oikocredit has approved a five-year loan of US$ 5 million (KES 750 million) to Juhudi Kilimo, a non-deposit-taking microfinance institution (MFI) in Kenya, in a move expected to empower smallholder farmers and micro enterprises in the country’s rural and periurban areas. The…
- Vodafone will invest $1.5 billion over the next 10 years in cloud and customer-focused AI services developed in conjunction with Microsoft in a 10-year strategic partnership that leverages their respective strengths in offering scaled digital platforms to more than 300 million businesses, public…
- MultiChoice, Comcast’s NBCUniversal and Sky have finally announced the new Showmax platform powered by Peacock streaming technology with Moment payment technology integration for seamless payments. The new Showmax is the world’s first standalone Premier League plan for mobile, with all 380 games…
- Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14th and 15th. The ten were selected from over 250 entries received from various countries across Africa,…
- Optical Character Recognition, often abbreviated as OCR, serves as a method to read and convert written text. This includes any text that a computer can process, like things that are printed or written by hand. OCR for images is part of recognizing images and is usually used for printed materials…
- The LG Electronics’s booth at the Consumer Electronics Show (CES 2024) in Las Vegas continues to be a star attraction as visitors remain captivated with the dazzling offerings in its webOS Zone. The webOS smart TV platform comes to life with immersive visuals, unparalleled picture quality, and…
- Egypt-based investment fund management company Ezdehar has acquired a minority stake in the Egyptian healthtech Yodawy for $10 million. Founded in 2018 by Karim Khashaba, Yasser Abdel Gawad, and Sherief El-Feky, Yodawi offers a marketplace where patients can process prescriptions and place an…
- As the wider world continues to rapidly embrace digital payments, access to financial services has become critical for businesses and to thrive. But for the underbanked and underserved, especially in rural areas, this access remains a major hurdle. According to the latest research released by EFInA…
- By Veerakumar Natrajan, Country Head – Kenya, Zoho Corp. Statistics show that Kenya leads East Africa when it comes to mobile connections and social media users, sitting at 63.94 million connections and 10.55 million users respectively. This alone requires every business to have a strong social…
- Software giant SAP has agreed to pay nearly $100 million to resolve bribery accusations in the US and South Africa, marking the end of a scandal that spanned multiple countries and several years. According to reports, the US Securities and Exchange Commission (SEC) found that the Germany-based firm…
- TPAY MOBILE, Middle East, Turkey, and Africa digital micropayments facilitator has partnered with Tencent to launch a Direct Carrier Billing for PUBG MOBILE in Egypt. The launch will enable gamers in Egypt to easily purchase PUBG MOBILE UC (unknown cash) through the official PUBG shop ‘Midasbuy’…
- The Bill & Melinda Gates Foundation has announced its largest annual budget to date aimed at advancing global health innovations .With global health budgets in decline overall, a portion of the additional funding will go toward advancing global health innovations that will save and improve the…
- HabariPay Ltd ,a Nigerian fintech that provides best-in-class payment solutions to help businesses in Africa grow and thrive has launched its first-ever hackathon, “Take on Squad Hackathon 1.0 aimed at empowering businesses and young innovators in Nigeria. Take on Squad Hackathon 1.0 is targeted at…
- Facing a hefty $1.8 billion loss in the fourth quarter and a disappointing year overall, Citigroup is embarking on a major restructuring plan. This includes a significant workforce reduction of 20,000 employees over the next two years, representing roughly 8% of its current global staff. The…
- Africa’s healthcare system faces numerous challenges. These range from a lack of modern and well-equipped medical facilities to shortages of medical professionals, including doctors and nurses, along with insufficient funding for healthcare services. Despite these obstacles, the healthcare sector…
- Bosta, Egypt’s delivery processing and logistics platform operating in Egypt and Saudi Arabia has raised undisclosed funding from Madagascar’s Axian Group to bolster its middle, and last-mile delivery services for its customers. Axian Group’s investment will support Bosta’s growth and advance its…
- The Meltwater Entrepreneurial School of Technology (MEST Africa), a tech entrepreneurship training in Africa, has announced the opening of applications for the Class of 2025. This 12 month, fully sponsored program, based in Accra, is designed to make interested candidates ready to pitch their…
- Zeal ,an Egypt-based fintech and customer loyalty app, has closed a $4 million funding round led by Raed Ventures and Cur8 Capital, along with strategic angel investors aimed at expanding it’s innovative technology solutions across the EMEA region, following its recent expansion into the UK market…
- A Tanzanian B2B pharmaceutical company, Dawa Mkononi, is gearing up to expand its reach across East Africa thanks to a fresh round of funding. The company, whose name translates to “Medicine at your Palms,” has secured financial backing from an impressive consortium of investors, including:Sanofi…
- Sun King, the leading provider of solar energy solutions for off-grid homes in Africa and Asia, has secured a $7 million loan from Lendable, a major financier for fintech companies in developing markets. This collaboration will fuel Sun King’s expansion, bringing clean energy to more low-income…
- RMB , has partnered with climate technology leader KOKO with an objective to bolster carbon business growth across Africa. In Africa, over 900 million people cook with polluting fuels like charcoal, directly driving millions of hectares of deforestation and over 600,000 deaths from household air…
- Mastercard’s second annual Community Pass Customer Summit in Kampala, Uganda gathered more than 90 public and private sector partners, featured 20+ thought leaders dedicated to crafting sustainable solutions for digital and financial inclusion across Africa and beyond. This year’s summit showcased…
- Safaricom, M-PESA Africa and Sumitomo Corporation have announced calls for tech startups looking to join the Spark Accelerator program, which aims at accelerating early stage startups to grow and scale their businesses. The three-month accelerator program will provide a blend of training,…
- In the realm of cryptocurrencies, Bitcoin stands as the dominant force, its security and reliability deeply entwined with the realm of computational power. However, what often goes unnoticed is the subtle partner in this intricate dance, the unsung hero bolstering Bitcoin’s infrastructure while…
- Yellow Card, the Stablecoin on/off ramp on the African continent, and Coinbase, the U.S. cryptocurrency exchange, have partnered to expand and simplify access to USDC and digital assets in Africa. Coinbase has integrated the new Yellow Card Widget, giving Coinbase Wallet customers access to Yellow…
- In the early days of 2024, major players in the tech industry, namely Amazon, Google, and X, are implementing a fresh wave of workforce reductions. 2024 has kicked off with the tech sector raising concerns of industry and career stability, with major players in the industry like Amazon, Google and…
- StarTimes has announced a 15% increase in subscription fees in Nigeria just ahead of the highly anticipated African Cup of Nations (AFCON) Côte d’Ivoire ‘23, set to kick off tomorrow. The subscription fee adjustment has already taken effect, impacting StarTimes users in Nigeria. In a surprising…
- Safaricom is showering its customers with cash after a Tuesday outage left M-Pesa inaccessible for hours. The service provider, expressing its gratitude for users’ patience, announced a surprise cash back as a token of apology. “Thank you for your patience as we fixed the M-PESA service…
- Cynoia, the Tunisian startup empowering seamless teamwork, has secured $930,000 in fresh funding to bridge the gap between West African businesses. This strategic injection, led by 216 Capital and backed by United Gulf Financial Services and Bpifrance, fuels Cynoia’s expansion into the West African…
- The tech sector is undergoing a major shakeup, with major players like Amazon, Unity Software, and Duolingo announcing significant job cuts and strategic shifts. While the reasons vary, a common thread emerges: the increasing adoption of artificial intelligence (AI) and a focus on streamlining…
- X isn’t content with just being a social media platform anymore; it’s setting its sights on becoming the “everything app,” a one-stop shop for connection, communication, and even commerce. In a press release titled “Transforming the Global Town Square,” X, formerly Twitter, lays out its ambitious…
- Seedstars Africa Ventures secured $30 million from EIB Global, adding to an $8 million commitment from LBO France. Seedstars Africa Ventures secured $30 million from EIB Global, adding to an $8 million commitment from LBO France.The VC firm invests in early-stage startups (seed and Series A) across…
