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News
Bolt’s annual revenue hits 2 billion euros
Estonian ride-hailing and food delivery startup Bolt revealed on Thursday it had hit 2 billion euros ($2.11 billion) in annual…
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BUSINESS
NCBA Bank opens a new branch in Kitui
NCBA Bank has opened a new branch in Kitui underscoring its commitment to bringing banking services closer to residents in…
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News
Epson unveils OCXO to power next-gen networks
Epson has introduced the OG7050CAN, an advanced oven-controlled crystal oscillator (OCXO) that addresses growing power efficiency demands in data-intensive industries.…
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Startups
3 Kenyan fintechs selected for Milken-Motsepe Prize in FinTech
Three Kenyan fintech startups have advanced to the Semifinalist Round of the Milken-Motsepe Prize in FinTech, each receiving $100,000 in…
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News
Intelsat launches new satellite cellular backhaul service in Nigeria
Intelsat, operator of one of the world’s largest integrated satellite and terrestrial networks, has unveiled a new satellite cellular backhaul…
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BUSINESS
Bolt raises fares by 10% to address driver earnings concerns
Bolt has announced a 10% increase in base fares across all its ride categories following a week-long protest from drivers…
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News
Binance Enables Crypto Purchases via Mobile Money in Ghana, Tanzania, Uganda, and Zambia
Binance users in Ghana, Tanzania, Uganda, and Zambia can now buy and sell crypto assets using mobile money, the company…
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Gadgets
How LG on curating a more uplifting and inspiring social media feed
Last month, tech giant LG Electronics unveiled a global campaign to draw encouraging content onto social media timelines. Throughout the…
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News
LG Optimism Your Feed: Enhancing your social media experience and mental well-being
LG Optimism Your Feed: Checking your Instagram, Facebook, TikTok and other social media is a part of our normal routine…
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BUSINESS
Carrefour’s self-checkout service now available at the Hub Store
Carrefour has announced the launch of its self-checkout service at the Hub store, in Karen. The retail stores owned and…
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News
Digital commerce in Africa to expand 25% per year by 2026
Africa has emerged as a frontier for the new online consumer class, representing an estimated 10 million new consumers in…
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News
Twiga Foods Settles Google Cloud Debt Dispute With Incentro Africa
Agri-tech firm Twiga Foods has announced that it has settled a Google Cloud Services debt dispute with Google Cloud provider…
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News
Samsung to showcase its B2B products at The Big 5 Building and Construction Expo in Kenya
Samsung Electronics has partnered with the Korea Trade-Investment Promotion Agency (KOTRA) to exhibit its Business-to-Business (B2B) products at The Big…
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News
Cloud provider Servercore launches in Kenya
Global provider of IT infrastructure and cloud services Servercore has announced its launch in the Kenyan market today. The company…
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News
Aga Khan Hospital to Digitize Patient Records in Kenya with a Ksh.1.5B Medical Research Database
Aga Khan Hospital has announced plans to set up a Ksh.1.5 billion medical research database as it seeks to digitize…
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News
Cabinet cancels Ksh.6b Telkom Kenya purchase deal from Helios
The cabinet has cancelled the government’s purchase of the 60.0% stake in Telkom Kenya from London-based private equity firm Helios. …
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Gadgets
Delving into LG’s Cutting-Edge OLED TV Technology
LG Electronics is this year celebrating its 10th anniversary of LG OLED. In 2013, the tech giant released its first…
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News
Bolt responds to kidnapping incident involving their driver
Ride-hailing service Bolt has found itself on the wrong side of Kenyans, again. This is after reports emerged that one…
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News
What Do Internet Service Providers Do? Definition And 3 Examples
Have you ever wondered what your Internet Service Provider does for you? You trust them with your data and internet…
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News
CBK announces split of Airtel Money from Airtel Networks
The Central Bank of Kenya (CBK) on Tuesday announced the successful separation and transfer of Airtel money from its mobile…
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News
Unicorn Growth Capital, EchoVC join Celo Foundation to support Web3 projects across Africa
Unicorn Growth Capital, an Africa-focused venture fund investing at the intersection of traditional finance (TradFi) and decentralized finance (DeFi), and EchoVC,…
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News
TechPR Nigeria appoints Felicia Ochelle as new CEO, announces pan-African expansion
TechPR Nigeria, a Public Relations and Communications firm, has announced the appointment of Felicia Omari Ochelle as the new Chief Executive Officer…
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News
CMM launches 3rd edition of its mentorship programme for African female tech founders
C. Moore Media, International Public Relations (CMM) has announced the launch of the third edition of The Future is Female Mentorship Programme.…
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News
Flutterwave appoints ex-Goldman Sachs MD Gurbhej Dhillon as new CTO
Flutterwave has announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as its Chief Technology Officer (CTO). As…
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Startups
Nigeria’s open banking startup Mono launches in Kenya
Mono, a Nigerian fintech startup has announced that it is expanding its services to Kenya. Mono builds an open banking…
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Startups
Proparco joins forces with Digital Africa to provide financing solutions for African tech startups
As part of its 2022-2025 roadmap, Digital Africa, in partnership with Proparco, will support 200 African startups at different stages…
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News
Nigerian fintech firm VeendHQ secures $330k pre-seed investment
Nigerian fintech firm VeendHQ has secured $330k pre-seed funding to expand its operations. Magic Fund, The Oak Capital, Future Africa, Berrywood…
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News
Nigerian fintech startup Indicina raises $3m seed funding for Africa expansion
Nigerian fintech startup Indicina has raised $3 million in seed funding round to accelerate its expansion into other African markets.…
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News
MFS Africa acquires US-based fintech Global Technology Partners
Digital payments network MFS Africa has announced it has reached an agreement to buy US-based tech company Global Technology Partners…
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News
Trace and the Mastercard Foundation launch Free Learning App targeting young Africans
Trace and the Mastercard Foundation have launched a new mobile app that aims to enable 26 million young Africans to…
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News
Payment service provider i2c partners with Visa for fintech processing in the MENA region
US-based payment service provider i2c Inc has announced a new partnership with Visa as a fintech processor in the MENA…
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BUSINESS
Hotpoint customers can now purchase products on a buy now pay later basis
Buy-Now-Pay-Later (BNPL) firm Lipa Later has onboarded Hotpoint as a new retail partner. What this means is that Hotpoint customers…
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BUSINESS
Jubilee Holdings acquires 10% additional stake in SEACOM
Insurance group Jubilee Holdings Limited has purchased an additional 10% stake in submarine fibre optic cable service provider SEACOM. The…
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News
Kenyan BNPL company Lipa Later to offer its staff six months paid maternity leave
Buy-now-pay-later (BNPL) company Lipa Later has announced it will be offering all its employees 6-month paid maternity leave effective April…
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News
FOX News International debuts in Kenya and other African countries
FOX News Media has expanded its FOX News International global video streaming services to several countries across Africa. According to…
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News
Moringa School expands to Ghana in new partnership with Impact Hub Accra
Africa technology boot-camp, Moringa School is expanding to Ghana in partnership with Impact Hub Accra. Moringa said in a statement…
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News
European Bank invests $10M in Egypt’s bus-hailing company Swvl
The European Bank for Reconstruction and Development (EBRD) has announced a $10 million investment in Egypt’s on-demand bus-hailing company Swvl.…
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Startups
Egyptian digital investment startup Thndr raises $20m to democratize investing in the MENA region
Thndr, the Egyptian digital investment platform has announced a new $20 million series A investment round. The funding was co-led…
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Startups
South African fintech startup CompariSure raises $980k pre-Series A funding for expansion
South African fintech startup CompariSure has raised $980,000 in pre-Series A funding round for expansion in the South African market.…
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BUSINESS
Netflix unveils a $1M scholarship fund to support TV and film students in Africa
Streaming giant Netflix has launched a $1 million scholarship fund to support TV and film students in Sub-Saharan Africa. The…
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Startups
Tech startups key to Africa’s digital transformation but urgently need investment, report
The World Economic Forum’s latest report, “Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa” analyses the…
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New Appointments
MTN Mobile Money Uganda appoints Richard Yego new Managing Director
MTN Mobile Money Uganda, a 100% duly owned subsidiary of MTN Uganda has announced the appointment of Richard Yego as…
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News
Sidian Bank and FMO sign a Ksh.1.7 billion facility for MSMEs financing in Kenya
Dutch entrepreneurial development bank FMO and Sidian Bank have signed a Ksh.1.7 billion NASIRA loan portfolio guarantee to provide financing…
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Startups
Kenyan low-cost ISP Poa Internet raises $28 million funding
Kenyan low-cost internet service provider Poa Internet has closed a $28 million round of funding led by Africa50. Poa Internet…
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CLOUD
Google Cloud teams up with Comair to provide seamless travel experiences in Sub-Saharan Africa
Google Cloud is teaming up with Comair, operator of the British Airways brand and the Kulula budget carrier in Sub-Saharan…
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Startups
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to…
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New Appointments
Ababacar Diaw appointed CEO of Allianz Ghana Non-Life
Allianz Africa has appointed Ababacar Diaw, as the new CEO of Allianz Ghana Non-Life, effective January 17th 2022, subject to necessary…
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News
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya has raised $2 million…
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BUSINESS
Ecobank partners with insurance companies to offer bancassurance to SMEs across Africa
Ecobank Group’s Commercial Banking business has partnered with a number of insurance companies to offer a range of Bancassurance solutions…
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Startups
PAC Holdings sets up The Catalyst VC project to invest in African startups
PanAfrican Capital Holdings (PAC Holdings) has set up The Catalyst, a venture capital project, to identify and invest in growth to product-expansion…
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News
Egypt-based media and entertainment startup Minly acquires UAE’s shoutout platform Oulo
Minly, the MENA region’s media and entertainment startup has announced the acquisition of Oulo, a Dubai-based celebrity shoutout platform focused…
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News
AUDA-NEPAD, JICA, Afreximbank and BCG partner to support 5 Kenyan healthcare startup
The African Union Development Agency (AUDA-NEPAD), Japan International Cooperation Agency (JICA), African Export–Import Bank (Afreximbank) and Boston Consulting Group (BCG)…
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CLOUD
Africa Data Centres selects DPT to provide renewable energy for its data centres in South Africa
Africa Data Centres has selected Distributed Power Technologies (DPT) to provide renewable energy and storage solutions for its data centres…
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News
Telemedicine provider, HealthX enters the Kenyan market
HealthX, a fully equipped, and virtual medical facility has launched its services in Kenya. The healthcare provider will utilize digital…
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Startups
Israeli femtech startup illumigyn bringing its gynecological imaging platform to Nigeria
illumigyn, the world’s first remote gynecological imaging platform has announced plans to deploy 5,000 Gynescopes in Nigeria by 2026. The…
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Startups
South Africa’s emergency marketplace AURA secures $4.7m Series A funding for global expansion
AURA, a South-African security and medical response marketplace has secured $4.7 million in a Series A funding round, led by …
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BUSINESS
Jumia consumers to enjoy FREE delivery this Black Friday
Jumia Kenya consumers will enjoy free delivery and pick up this Friday the 12th the whole day from 11AM as…
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BUSINESS
Dubai’s DUBUY.com e-commerce platform launches in Kenya
After launching in Rwanda early this year, Dubai-based DP World has announced the launch of its global wholesale e-Commerce platform…
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BUSINESS
MTN Uganda receives consent from CMA Kenya to market IPO to Kenyan investors
Kenya’s Capital Markets Authority (CMA) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be…
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News
Itel donates desks, kids pads to Mama Ngina Primary School, Nakuru
Itel Mobile Kenya has donated 50 school desks, 1000 storybooks, stationeries, bookshelves, Itel kids pads as well Itel laptops to…
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News
African fintech startup Payday joins Techstars Toronto Accelerator program
Pan-African fintech startup Payday has joined Techstars Toronto Accelerator program. Techstars is an operational investment company that assists founders and…
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News
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria’s super-agent networks. The deal, which is…
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News
Liquid Intelligent Technologies announces Asia-USA global internet transit route via Africa
Pan-African technology group Liquid Intelligent Technologies has announced the launch of its shortest terrestrial fibre route between the East to…
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News
Unilever invites startups to partner through Positive Beauty Growth Platform
Unilever has announced the launch of the Positive Beauty Growth Platform, a new initiative that aims to partner with scale-ups…
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News
Kenyan-based B2B Retail Startup MarketForce appoints Arthur Bourekas as Chief Commercial Officer
MarketForce, the Kenya and Nigeria-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, has…
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BUSINESS
Afreximbank, AfCFTA announce operational roll-out of Pan-African Payment and Settlement System
The African Export-Import Bank (Afreximbank) and AfCFTA Secretariat announced the operational roll-out of the Pan-African Payment and Settlement System (PAPSS),…
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News
Africa’s crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent
Pan-African cryptocurrency exchange, Yellow Card, announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring…
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News
EMURGO launches $100m investment vehicle for early and growth stage startups in Africa
EMURGO has announced the launch of a new Cardano ecosystem investment vehicle to invest in early startups and growth-stage startups.…
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BUSINESS
Jumia partners with Samsung, l’Oreal and Adidas for its Brand Festival Campaign
Africa’s leading e-commerce platform, Jumia has on Wednesday launched its 2021 Brand Festival Campaign. Jumia has partnered with top brands…
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News
Africa Data Centres unveils new data centre in Johannesburg, South Africa
Africa Data Centres, the pan-African network of interconnected, carrier-and cloud-neutral data centres, has completed its new Johannesburg data centre, based…
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News
Equity Group Appoints Jonas Mushosho New Non – Executive Director to its Board
Equity Group Holdings has announced the appointment of Jonas Mushosho as a Non-Executive Director to its board. His appointment follows…
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News
Central Bank of Nigeria partners with Bitt fintech to develop country’s first digital currency
The Central Bank of Nigeria (CBN) has partnered with Barbadian fintech firm Bitt, to develop the country’s new digital currency, named…
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News
SWVL completes $35.5m pre-funding to accelerate growth strategy
Dubai-based provider of mass transit and shared mobility solutions Swvl has completed a $35.5m pre-funding of the aggregate PIPE subscription.…
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News
Arab Bank launches its fintech accelerator program for startups in Egypt
Arab Bank has launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back…
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News
Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus
Nigerian mobility startup Plentywaka has raised a $1.2 million seed funding round, after successfully ending the Techstars Toronto Accelerator Program…
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News
Zepz, Formerly WorldRemit, Raises $292M Series E Financing, Achieves $5B Valuation
Digital cross-border payments platform Zepz, formerly WorldRemit, has raised $292 million in new primary financing, achieving a valuation of $5…
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News
[Rwanda] IFC, CMA and Central Bank partner to boost access to long-term finance for SMEs
To support the development of Rwanda’s capital markets, IFC, the National Bank of Rwanda and the country’s Capital Markets Authority…
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Startups
African Fintech startup Pngme raises $15m Series A funding
African fintech startup Pngme has raised $15 million in Series A funding as the company sets out to grow its…
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News
PureSoftware expands its global footprint, opens first office in Kenya
PureSoftware, a software company focused on fintech, 5G and digital transformation, announced the opening of its first office in Kenya.…
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News
Lleida.net to provide digital postal services in five African countries
Lleida.net has signed contracts with the postal operators in five African countries to provide them with digital postal services and…
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BUSINESS
IFC, FMO partner with I&M Bank to support SMEs in Kenya
IFC and FMO, the Dutch entrepreneurial development bank, have announced a $50 million loan facility to the I&M Bank to…
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BUSINESS
Equitel rolls out 4G services for its customers in Kenya
Equity’s mobile virtual network operator, Equitel, has launched 4G services to offer its customers improved Internet banking services. Equitel says…
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News
Ecobank Opens Applications for its 2021 fintech challenge for African startups
Ecobank Group has opened applications for its 4th edition of the Ecobank Fintech Challenge. The challenge, the bank says is…
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News
Naspers Foundry leads $8.3m Series A investment in South African insurtech startup Naked
Naspers, through its early-stage tech investment vehicle Naspers Foundry, invested $8.3 million (R120 million) in Naked, the artificial intelligence (AI)-driven insurtech startup that…
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News
Vodacom South Africa and Nokia achieve highest transmission rates across live optical network in Africa
Vodacom South Africa and Nokia are working together to transform the operator’s nationwide optical transmission network through Nokia’s Photonic Service Engine…
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News
Invest Africa, Standard Chartered partner to drive growth of private banking services in Africa
Invest Africa and Standard Chartered Private Bank have announced a strategic partnership, focused on driving the growth of Standard Chartered’s…
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News
West African solar startup MyJouleBox secures €3m Series A round to boost growth in core markets
MyJouleBox, a solar distributor startup has completed a €3 million Series A. The round is aimed at strengthening its position…
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News
Orange Mali and German Cooperation inaugurate 4th Orange Digital Center in Africa and the Middle East
Orange and the German Cooperation are inaugurating, an Orange Digital Center in Bamako, an ecosystem entirely dedicated to the development…
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News
Visa signs agreement to acquire Currencycloud
Visa has announced that it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and…
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BUSINESS
Barclaycard Payments signs up to Mastercard Track Business Payment Service to modernise business payments
Barclaycard Payments has joined the Mastercard Track Business Payment Service, making new services available to Barclaycard Payments’ customers later this…
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News
Mastercard creates simplified payments card offering for cryptocurrency companies
Mastercard has announced it will enhance its card program for cryptocurrency wallets and exchanges, making it simpler for partners to…
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News
Digital demand drives annual IFC commitments in telecoms, media and tech to $1b
The surging demand for digital connectivity during the COVID-19 pandemic has led IFC ‘s commitments to the telecoms, media and…
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BUSINESS
AGF issues $5m Loan Portfolio Guarantee to Sidian Bank to boost SMEs financing in Kenya
The African Guarantee Fund (AGF), has issued a Loan Portfolio Guarantee to Sidian Bank to boost financing of the SME…
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News
ISAT Africa sign deal with SES Network to provide 4G services in East Africa
Communities living across the easternmost peninsula of Africa will be able to enjoy 4G services on their mobile phones following…
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News
Nigerian fintech startup Lidya raises $8.3m pre-Series B funding round
Nigerian fintech and lending startup Lidya has announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital…
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News
South African secure data collaboration startup Omnisient raises $1.4m for global expansion
Omnisient, a South African secure data collaboration platform, has achieved its second raise this year totalling USD1.4 million. The investments…
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News
Cellulant introduces its digital payments platform Tingg in Zambia
Cellulant has rolled out Tingg, its digital payments platform enabling businesses and their consumers accept and make payments seamlessly in…
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New Appointments
Liquid Intelligent Technologies appoints Martin Mushambadope new CEO for South Sudan
Liquid Intelligent Technologies has appointed Martin Mushambadope as the Chief Executive Officer for its operations in South Sudan. Martin brings over…
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News
Banque Misr partners with Microsoft to support fintech startups in Egypt
Banque Misr has signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in…
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News
Kenyan startup MarketForce raises $2m pre-Series A to scale its B2B retail marketplace, RejaReja
MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa has raised a…
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News
IFC appoints Kalim Shah as Senior Country Manager for Nigeria
To support the long-term, inclusive growth of Nigeria’s private sector, IFC has appointed Kalim Shah as its Senior Country Manager…
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