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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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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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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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News
Huawei partners with Mondia Pay to enable digital payment options for users in Algeria and Tunisia
Huawei Mobile Services (HMS) has inked a digital payments deal with Mondia Pay to provide Ooredoo Algeria and Orange Tunisia…
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CLOUD
Mauritius Commercial Bank to adopt MITECH’s TRAC Collateral Management system in the cloud
The Mauritius Commercial Bank (MCB) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support continuous and significant growth…
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BUSINESS
AfDB approves $50m loan to support women businesses in Nigeria
The African Development Bank (AfDB), has approved a $50 million loan to Nigeria’s First City Monument Bank (FCMB) to support…
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News
TechEmerge partners with logistics startup Kobo360 to pilot sustainable cooling innovations in Nigeria
Eleven global innovators have been selected to partner with 15 leading Nigerian companies to pilot cost-effective, climate-smart technologies to strengthen…
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BUSINESS
Coca-Cola to Open New Digital Delivery Center in Johannesburg, South Africa
Coca-Cola is driving digital transformation through its consistent messaging and movement into a more agile and growth-minded work environment. Technology…
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News
Vodacom Business Africa extends Pan-African network to South America
To extend its international footprint, Vodacom Business Africa has taken a step into Brazil, thereby increasing its fixed-connectivity coverage to…
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News
Mobile commerce platform Copia expands into Uganda
Copia Global, a mobile commerce platform built to serve middle to low-income African consumers, has expanded its operations to Uganda.…
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News
SoftBank partners with Smart Africa to provide affordable broadband solutions in Africa
SoftBank and Smart Africa have entered a Memorandum of Understanding (MoU), to collaborate on innovative solutions towards achieving the vision…
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News
Fintech firm Carbon teams up with Visa to enable payments across Africa
Carbon, the Pan-African fintech company providing access to basic financial services for Africans, has today announced a strategic five-year partnership…
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News
KRA optimizes iTax ahead of June 30 annual returns filing deadline
The Kenya Revenue Authority (KRA) has enhanced the iTax system in readiness for high traffic ahead of the 2020 annual…
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BUSINESS
CMA Gives Family Bank A Go Ahead To KSh.1bn More From Market
The Capital Markets Authority (CMA) has granted approval to Family Bank Limited to take up a green shoe option of…
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News
Opera launches interest-based social Clubs in its chat service, Hype
Opera has launched Hype Clubs, public and interest-based group chats in Hype, the new chat service built into the Opera Mini web…
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CLOUD
MainOne to unveil new data center in Ghana’s Appolonia City
MainOne, the provider of connectivity, cloud and data center solutions in West Africa is set to launch the Appolonia Data…
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News
Kenyan startup MarketForce acquires Digiduka to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the Kenyan end-to-end retail distribution startup for consumer brands in Africa, announces the strategic acquisition of Digiduka, a startup…
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News
Truecaller Rolls Out its Smart SMS Feature in Africa
Truecaller, the popular Caller ID and Spam Blocking app is rolling out a new Smart SMS feature for users across…
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BUSINESS
Blockchain-powered fintech Telcoin expands its digital remittance service to 15 new markets including Kenya
Telcoin, a blockchain-powered fintech disrupting the US$700 billion international remittance industry, has extended its digital money transfer service to 23 additional mobile…
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BUSINESS
PayTabs Egypt wins Best E-Payment Solution at Entrepreneur Middle East’s Leaders in Fintech Awards 2021
PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago has received the prestigious “Best…
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News
Nigerian Communications Commission begins review of telecoms license structure
The Nigerian Communications Commission (NCC), has initiated the process for the review of existing licensing structure in the Nigerian telecommunications…
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News
Healthtech startup BASMA.com raises $3m funding to scale up its platform in the MENA region
UK-based, MENA focused, startup BASMA.com has closed a $3 million Series to scale up its healthtech platform in the region.…
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News
Speedaf express completes Round A+ financing to build China-Africa express brand
Speedaf Express, a China-Africa integrated logistics service provider, has announced the completion of its Round A+ financing. The round was…
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News
Toyota AI Ventures rebrands to Toyota Ventures, adds $300m to invest in emerging tech and carbon neutrality
Toyota’s first standalone, early-stage venture capital firm, Toyota AI Ventures, will change its name to Toyota Ventures. The VC firm…
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News
IFC launches program to support startups across North Africa
The International Finance Corporation (IFC) has launched a new advisory program aimed at making it easier for startups in Algeria,…
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News
CMA admits two new firms to the Regulatory Sandbox
The Capital Markets Authority (CMA) has admitted KOA Save Africa Limited and Moneto Ventures Limited to the Regulatory Sandbox. The…
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News
Nigeria’s Terragon Customer Data Platform (CDP) verified as RealCDP
Africa’s data and marketing technology company, Terragon, has been listed as a verified verified Customer Data Platform (CDP) company by…
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BUSINESS
Cytonn Investments ventures into insurance business
Cytonn Investments is venturing into the insurance business. The firm has launched its insurance agency arm, the Cytonn Insurance Agency…
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News
Inertia, PayTabs Egypt and valU partner to provide e-payment solutions for home improvement financing
Inertia and EFG Hermes’ NBFI subsidiaries – PayTabs Egypt and valU, the buy-now-pay-later platform (BNPL), announced they have entered into…
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News
Satgana launches first portfolio startup in Kenya, Mazi Mobility
Venture builder Satgana announced its first portfolio startup from Nairobi, Kenya, Mazi Mobility, to address the issues faced by the public transport…
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BUSINESS
KRA wins Kshs. 234m tax claim against Equity Bank Kenya
The Kenya Revenue Authority ( KRA ) has won a Kshs. 234 million tax claim suit against Equity Bank Kenya.…
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News
Safaricom in Talks with Amazon for M-Pesa integration as a payment option
Kenya’s leading telco Safaricom is reportedly in talks with U.S e-commerce giant Amazon to integrate M-pesa as a payment option.…
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News
Marilyn Moodley appointed to lead SoftwareONE South Africa
Marilyn Moodley has been appointed as South African Country Leader for SoftwareONE, an end-to-end cloud technology and software solutions company…
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News
UN launches hunt for startups and enterprises changing the face of food systems
The UN Food Systems Summit has announced a competition to identify startups and SMEs from across the world who are…
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