Tag: Africa

Banking Sector urged to go digital to build resilience and sustainable growth post Covid-19

Bankers from Sub Saharan Africa and China who attended the Huawei Sub-Saharan Africa Financial Services Industry Online Summit 2020 agree that digitisation of the...
Standard Chartered Appoints Abbas Husain

Standard Chartered Appoints Abbas Husain Corporate Finance Lead for Africa and Middle East

Standard Chartered has appointed Abbas Husain the Regional Head of Corporate Finance, Africa and the Middle East (AME). Bringing over nearly 24 years of banking...
Facebook RedCross #AfricaTogether Campaign

Facebook and Red Cross Launch Campaign Calling for Vigilance against Covid-19 in Africa

Facebook and the International Red Cross and Red Crescent Movement are partnering to launch #AfricaTogether – a digital campaign and two-day festival on June...

Relevant Online Content Imperative for Digital Inclusion in Sub-Saharan Africa

The lack of compelling online content has been identified as one of the major reasons why millions of people are still digitally excluded especially...

DHL acquires minority stake in UK-based Link Commerce

DHL Express has today announced its minority stake acquisition in Link Commerce, the UK-based e-commerce firm that helped the logistics company develop its hugely...

[Zambia] BongoHive FinTech Challenge Applications Opened

Zambian Innovation hub BongoHive has announced that it has opened applications for its annual BongoHive FinTech Challenge. Through this challenge, BongoHive, in partnership with Financial...

Ecobank Named Most Innovative Bank in Africa

Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the...

Visa’s Fast Track Program Propels Growth of the Fintech Industry Worldwide

Visa today announced its continued support of the global Fintech community, having grown the Fast Track Program to over 140 Fintechs. Since expanding globally in mid-2019,...

[Interview] Addressing cross-border insurance in Africa

Africa remains one of the regions with the greatest growth potential in the world with African organisations focusing their growth strategies beyond borders. With...

Villgro Kenya awards $150,000 to 12 EA startups fighting COVID-19

Nairobi-based healthcare incubator and investor Villgro Kenya has awarded $150,000 in grant to 12 East African startups helping in the fight against COVID-19. The startups have...
Mastercard logo

Mastercard Commits To Add 1bn people, 50m small units to digital economy BY 2025

Building on the Covid-19 response, Mastercard is also announcing its new worldwide commitment to financial inclusion. The company is pledging to bring a total of...

Ericsson Appoints Todd Ashton VP and Head of Ericsson South & East Africa

Ericsson has appointed Todd Ashton as the Vice President and Head of Ericsson South & East Africa within Market Area Middle East and Africa....

TransUnion launches COVID-19 playbook for financial services providers in Kenya

Global information and insights company TransUnion has launched its COVID-19 playbook for Kenyan business and credit industry players. The playbook is an insights-driven methodology...

Tech for humanity: Preparing for the next phase

ICT has been critical to fighting the Covid-19 pandemic and transforming society over the long term. But the key to progress is laying the...

Here Are The 22 African Startups Selected For The Wimbart Mentorship Programme

London-based PR agency Wimbart has announced the final list of 22 African startups that will take part in the first edition of the Wimbart...
Amazon Web services logo on wall

Amazon’s First African AWS Region Opened In Cape Town, South Africa

Amazon Web Services, commonly referred to as AWS, has opened its first-ever AWS Region in Africa.  The new AWS Africa Region is based in...

South Africa to lead cloud adoption race in the continent

As the battle between international cloud providers intensifies, Africa’s cloud market is starting to gain traction with many enterprise customers seeking access to the...

London-based PR Agency Wimbart launches mentorship programme for African tech startups

London-based PR agency Wimbart has launched a webinar and mentorship programme to equip African tech startups with the PR tools required to achieve their...

This Ghanaian Startup Has Launched A Check-in App And Symptom Tracker To Counter The...

Ghanaian health startup Redbird (formerly Redbird Health Tech) has launched a Coronavirus Daily Check-in App and Symptom Tracker to counter the spread of the virus...

Opportunities abound for edge computing, but security concerns remain

From less than $1.5 billion in 2017 to an anticipated $9 billion by 2024, the worldwide edge computing market is set to show significant growth...

Nigeria is getting its first-ever bitcoin ATM

Nigeria has the strongest economy in Africa and has always stood out as more or less financially stable compared to some neighbouring countries. As...
Jumia office Nigeria

Jumia And Reckitt Benckiser To Provide African Consumers Access To Hygiene Products As Coronavirus...

The effects of Coronavirus continue to be felt across the globe and organisations around the world are joining hands to fight the crisis which...

The Road To 5G: Understanding What’s New With The Next-Gen Network

In 2019, 5G came to the world. In 2020, it’s going mainstream, and bringing with it an entirely new mobile experience. With 5G speeds...

Nigeria to host the 2020 Cyber Africa Summit

Global B2B events and conference organizer, Tradepass is set to host their exclusive cyber security conference, Cyber Africa Summit (CyFrica) 2020 in Nigeria. The...

Ecobank Opens Applications For Its 2020 Fintech Challenge

Ecobank Group is calling on African startups and developers to apply for its 3rd edition of the Ecobank Fintech Challenge. The fintech challenge gives the...

Kenyan fintech startup Wapi Pay raises capital to scale across Africa

Singapore and Kenyan based Fintech startup ‘Wapi Pay’ has raised seed capital through the accelerator Future Hub making it its first Fintech Investment in...

Data: Africa’s “new blood”, rather than the “new oil”

Data protection and privacy regulation in most, or even all, African countries are often less mature – particularly when compared to the EU’s General...

Intra-African remittances to soar to record numbers in 2020, says WorldRemit

Online international money transfer company WorldRemit predicts that 2020 will be the year of intra-African remittances. The World Bank already estimates that migrant workers within...

[Column] Mastering the complexity of multicloud in 2020

As enterprises’ demands look set to continue maturing in 2020, they are better able to distinguish between cloud platforms and identify which ones work...

Nigerian fintech startup Aella raises $10m financing round

Nigerian fintech startup Aella has raised a $10m debt financing round from Singapore-based HQ Financial Group (HQF). This debt financing round is Aella’s second...

[Column] Achieving digital ecosystems in rural Africa remains a challenge

Creating digital ecosystems in rural areas requires collaboration with local suppliers if long-term success is to be achieved. This is according to Jeremy Potgieter,...

Africa-focused VC Firm TLcom Secures $31M For Its TIDE Africa Fund, Closes At $71M

TLcom, the Africa-focused Venture Capital firm has secured an additional $31M for its TIDE Africa Fund. This new funding now brings the VC's its...

[Column] There’s not enough women-led tech startups – and it’s costing us all

Africa’s technology startup scene is vibrant – and growing fast. There are currently over 640 active technology hubs across the continent, and according to...

African tech startups raised $491M funding in 2019, Disrupt Africa report

2019 was the best year yet for investment into the African tech startups, with 311 companies banking a combined US$491.6 million. This is according...

[Column] How fintechs are making Africa a leading global Innovation Hub

In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech has been a welcomed...
SMEs

CDC Group to invest £2 billion in African businesses over the next two years

CDC Group is to commit a further £2bn into African businesses over the next two years, as it looks to double the size of...

Women-Led Janngo Announces EUR 60 Million Fund To Support African Tech Startups

Janngo has announced a Euro 60 million fund to support African tech startups accelerating progress towards the Sustainable Development Goals (SDGs) in the continent. The women-led...

Applications for the 4th edition of Digital Lab Africa’s acceleration programme opened

Digital Lab Africa (DLA) has opened applications for its fourth edition of the DLA acceleration programme (DLA#4). Creatives and cultural entrepreneurs from across Sub-Saharan...

[Column] Artificial Intelligence gaining grounds in Africa?

Artificial Intelligence (AI) brings a whole new dimension to the drive for customer intimacy. The convenience customers experience weighs heavier than any reduction in...

Nigerian Fintech Startup Trove Secures An Undisclosed Amount Of Funding From ARM

Nigerian micro-investing fintech startup Trove has secured an undisclosed amount of funding from asset management firm, ARM. This is the first announced funding round of...

Opera Mini and Mdundo are partnering to provide free downloadable music in nine African...

Opera and Mdundo, an African music sharing platform have entered into a new partnership to provide free downloadable music in nine African countries. Under this...

Visa is partnering with MFS Africa to boost digital payments among African consumers and...

Visa and pan-African fintech leader MFS Africa have announced a partnership to boost digital payments among African consumers and businesses. This new partnership, according to...
Microsoft logo on a building wall

Microsoft launches the Windows PC Affordability in Africa Initiative

Microsoft has today launched the Windows PC Affordability in Africa Initiative, a programme that aims to reduce the prevalence of Microsoft software piracy in...

Cloud offers 20% saving on IT spend, report

Cloud migration is typically driven by business demand, cost-savings and IT efficiency. However, to realise the full benefit of cloud migration, business leaders must...

Local partner role is critical to cloud success in Africa

While cloud technology presents a significant opportunity for enterprises to innovate as if they were potentially start-ups, the time and approach some are taking...

Africa’s startup ecosystem on the brink of massive growth

The growing number of startups securing major financial commitments, sets the stage for an entirely new era of growth in the African venture capital...

Stakeholders meet to discuss future of mobile money platforms in Africa

Key representatives from over 8 countries in Africa gathered  at a workshop organized by Vodacom to look into trends and developments shaping the mobile...

VC4A has launched a dedicated online training program for Africa’s Business Angels

Venture Capital for Africa (VC4A) has launched a dedicated online training program for Africa’s Business Angels - ‘Mentor-Driven Capital Over the past two years, VC4A ...

Visa is investing $200 Million in Nigeria’s fintech firm Interswitch

Visa is investing $200 million for a 20% stake in Nigeria's digital payments company Interswitch. This minority equity stake acquisition by Visa now makes...

Here are the winners of the 2019 edition of the Orange Social Venture Prize...

Orange has unveiled the names of the three winners of its Orange Social Venture Prize in Africa and the Middle East. The winners were...

[Column] 2020 pivotal for deeper cloud adoption

In a first of its new Hype series, Routed, a vendor neutral cloud infrastructure provider, will host Guy Zibi, principal analyst, Xalam Analytics, to discuss, dispel...

Lack of competition in broadband markets is keeping millions offline

Lack of competition in broadband markets is keeping millions of consumers offline. Markets with a single broadband provider, for example, are keeping prices high...

TECNO Mobile shares its African achievements at the China-Africa Mobile Internet Economy Summit in...

In recent years, Africa's mobile network infrastructure has been rapidly improved, and smartphones have been further popularized. The number of mobile Internet users in...
facebook

Facebook has opened a small Business Group Operations Centre in Nigeria

Facebook in partnership with Teleperformance, has announced the opening of its first Small Business Group (SBG) Operations Centre in Lagos, Nigeria. The SBG will...

[Column] Why it’s the right time for a career in cybersecurity

The cybersecurity landscape is a battle zone. War is being fought on every front, from email to firewalls to personnel to cracking complex codes,...
Facebook Headquarters Front Sign

Facebook London Accelerator opens to African startups for the first time

Facebook is inviting applications for the third edition of its Facebook London Accelerator programme, which is open for the first time to startups from...

Vodacom Tanzania and Smart Lab launch new $150k accelerator program for tech startups

Vodacom Tanzania and Smart Lab have launched a new accelerator program to support arly-stage and growth-stage technology startups. The “Vodacom Digital Accelerator,” program will run...

Africa Logistics Properties forum addresses supply chain challenges in East Africa

Key stakeholders in the logistics industry gathered in Nairobi for a Supply Chain Network Forum to address the challenges facing the sector. The breakfast...

TechTribe Accelerator to offer training to hundreds of SADC startups

The TechTribe Accelerator (TTA), a brand-new online training platform wants to offer online training to thousands of African entrepreneurs across SADC members countries. The TechTribe...

[Column] Potential of 5G in Africa

Africa is as capable of embracing the huge potential of this technology as the rest of the world, even within the limitations of existing...

Africa’s mobile phone market declined by 1.8% in Q2 2019

The Africa mobile phone market declined 1.8% quarter on quarter, QoQ, in Q2 2019, according to the latest figures announced by International Data Corporation...

Africa mobile money market to reach $1 billion by 2024, report

The Africa mobile money market reached a transaction value of US$ 200.5 Billion in 2018. The market is projected to reach a transaction value...

MEST Africa is investing $100,000 in each of these 11 startups from its 2019...

MEST Africa is investing US$1,1m in eleven early-stage startups from its 2019 graduating cohort. This is the largest single investment MEST has made in...

SEACOM is doubling its data capacity to connect more African businesses to cloud

SEACOM wants to double the data capacity on its broadband submarine cable system from 1.5 terabytes to 3 terabytes. The move according to an...

Ten African tech startups taking part in the CcHUB’s PitchdriveAsia Tour

Ten selected African startups utilising hardware and deep technology tools in their businesses are taking part in the second edition of CcHUB PitchdriveAsia Tech...

Bosch calling on African startups to apply for its smart mobility pitch competition

German multinational engineering and technology company Bosch is inviting African startups to compete in its smart mobility startup competition. Headquartered in Gerlingen, Bosch says...

Understanding Mobile Wallets in Africa

The demand for mobile wallets is really high these days, especially in Africa. A mobile wallet (also called digital wallet) stores payment information on...

[Column] Fintechs are disrupting the local traditional remittance market

Data from the Central Bank of Kenya (CBK) shows that diaspora inflows in the country rose to Ksh30.4 billion ($295.3 million) in June compared...

[Column] Why Cloud Hasn’t Had a Big Impact on Business Intelligence

Although the notion of network-based computing stems right back to the 1960s, the modern term “cloud computing” arose in the 2000s. Yet, almost two...

DPO Group acquires South Africa’s payment processor PayFast

African Payment Service Provider (PSP) DPO Group has announced its acquisition of South Africa's payment processor PayFast. The deal by the Nairobi headquartered DPO...

Lori Systems announces new appointments to expand across Africa

Kenyan-based logistics startup Lori Systems has announced the appointment of Uche Ogboi as the company’s Chief Operating Officer and Efayomi Carr as Head of...

GABF launches new fund to invest in German-African energy startups

The Germany Africa Business Forum (GABF) has announced a multi-million Euro funding commitment to invest in German energy startups that focus on Africa. GABF,...

Cloud, an essential component for every African business

Cloud computing has been in existence for almost two decades now helping businesses stay secure from cyber threats. The technology points to business efficiencies,...

[Column] Data sovereignty in Africa, why you should care

African businesses are currently making massive investments in things like machine learning and artificial intelligence tools and are using cloud and virtualized infrastructure to...

Nigeria’s Venture Garden, Kenya’s Umati Capital & Tanzania’s Ubongo Kids mentioned in Mauritius Leaks...

Nigeria’s Venture Garden, Kenya’s Umati Capital and Tanzania’s Ubongo Kids have been listed among firms extracting profits and avoiding tax in Africa according to a new report by ICJ dubbed Mauritius Leaks. Mauritius...
Jumia Kenya

[Column] There’s a need for more disruption in Africa’s tech scene

For most people living outside Africa, they imagine the continent as the home of poverty, corruption, internet fraud, infrastructure deficit, and everything that describes...

Angola Cables Launches Its Cloud Service Platform To The African Market

Following the recent inauguration of their advanced Tier III AngoNAP data center facility in Fortaleza, Brazil, Angola Cables has announced that it has launched Angola Cables Cloud Service...

[Column] Passing the Torch to the Millennial Generation

There was a time during the tumultuous 60s and 70s that the younger generation was admonished to “never trust anyone over thirty.” You may...

Facebook, MainOne, to grace Nigeria’s #StartupSouth5 conference

Social media giant, Facebook, and West Africa’s largest cable data provider, MainOne is among the top tech companies that will grace the #StartupSouth Startup/Entrepreneurship...

SwitchLink Africa – Leveraging technology to drive efficient remittance

Latest data from the Central Bank of Kenya (CBK) indicates that Kenyans living and working abroad sent home Sh67.16 billion in the first three...

[Column] Digital Transformation’s growing attack surface

Traditional business models need to be reimagined as digital transformation continues to enable businesses to innovate and find new ways to not only leverage...

Cloud service provider afriQloud launches in Uganda, 15 African countries to follow in 2020

Pan-African connectivity provider, BringCom has partnered with science and technology investor, Imprimatur Capital, and European edge cloud software company, GIG Technology to launch afriQloud....
Google Launchpad Accelerator Program

Google’s Third Launchpad Accelerator Africa Class Graduate in Lagos

12 African startups that that were taking part in Google's Launchpad Accelerator Africa programme have graduated in Lagos. This third class, which started on 1...
Alibaba Group founder and Executive Chairman Jack Ma has launched a $10 million Africa Netpreneur Prize for African entrepreneurs.

[Column] How to catch the attention of your future investor

What would you do if you were given free money for your business? Grants give the beneficiaries peace of mind to be able to...
Google News Initiative Innovation Challenge

Google News Initiative Innovation Challenge applications open in Africa

A few months after expanding Google News Initiative (GNI) Innovation Challenge to Africa, Google has now announced that accepting application submissions from news organisations in the...

AfriLabs Network Expands to 45 African Countries

Pan-African network of technology and innovation centres AfriLabs has admitted 27 new hubs into her network, extending her reach into 6 new countries and...

SEACOM launches its direct-to-corporate connectivity and cloud services in Uganda

Pan-African telecoms enabler SEACOM has extended its corporate market offering into the East African region, under its SEACOM Business brand. The company has unveiled...

UoN among African universities selected for IBM’s Quantum Computing Program

The University of Nairobi is among the fifteen African universities set to benefit from IBM’s Quantum Computing Program (IBM Q). IBM is expanding the...

[Column] The huge opportunity for consolidation and cloud in Africa

It is only 100 days since I took up the post of VP for Africa at Oracle, but already it is clear why the...

DPO Group’s DumaCard is Africa’s first B2B Virtual and Prepaid payment card

Africa’s leading Payment Service Provider (PSP) DPO Group has launched Africa’s first business to business payment card. DPO is calling it DumaCard, which is...

[Column] Can e-commerce be Africa’s economic goldmine?

Digital economy in Africa is snowballing, and in the process, it’s creating new jobs and opportunities for digital entrepreneurs to explore a larger web...
RedMi Note 7

Xiaomi’s sub-brand Redmi eyes more market share as they plan entry in Latin America...

In an interview with SinaTech yesterday, Lu Weibing, Vice President of Xiaomi Group and general manager of Redmi couldn't keep a secret of their...

Africa50 Innovation Challenge seeking solutions to help increase access to internet in Africa

Africa50 has launched the Africa50 Innovation Challenge to look for innovative solutions to help increase access to high-speed internet in under-served areas in Africa....
Cisco's NetAcad program commits to train 1M African students by 2025

Cisco’s NetAcad program commits to train 1M African students by 2025

Cisco has announced that it will train an additional one million students over the next five years in Africa through its Networking Academy Program...
Cortex Group launches VC fund for AI-Only focused startups in Africa

Cortex Group launches VC fund for AI-Only focused startups in Africa

African Artificial Intelligence (AI) Software and Solutions company Cortex Logic has launched a new fund for AI-focused startups. Known as Cortex Ventures, the venture...
Alibaba Group founder and Executive Chairman Jack Ma has launched a $10 million Africa Netpreneur Prize for African entrepreneurs.

How to qualify and apply for Jack Ma’s US$10 Million Africa Netpreneur Prize Initiative

African startups seeking to clinch a share of $10 Million of The Africa Netpreneur Prize Initiative courtesy of the Jack Ma Foundation have been...
Africa Shared Value Summit

Nairobi to host the 2019 Africa Shared Value Summit on 23-24 May

Kenya set to host the 2019 Africa Shared Value Summit. The summit will be held from the 23rd to 24th of may and will...
The Africa Development Center will be a premier centre of engineering - recruiting world-class Kenyan talent to create innovative solutions.

Microsoft is setting up US $100 Development Centres in Nairobi and Lagos

Microsoft has launched its 7th global US $100 million Development Centre in Africa with a site in Nairobi, Kenya as well as Lagos, Nigeria....
[Podcast] What makes a startup African? - Jumia

[Podcast] What makes a startup African?

In this episode of our Africa Startup Roundup podcast, Nick and Allan discuss the recent listing of Jumia New York Stock Exchange. The listing...
KenTrade CEO Amos Wangora

KenTrade CEO Amos Wangora re-elected to Presidency of AAEC General Assembly

Kenya Trade Network Agency (KenTrade) Chief Executive Officer, Amos Wangora has been re-elected to the Presidency of African Alliance for E-commerce (AAEC) General Assembly...
MYDAWA-

E-healthcare startup MYDAWA secures $3M funding from Africa HealthCare Master Fund

Kenya’s leading e-healthcare platform MYDAWA, has secured a $3M investment from Africa HealthCare Master Fund. This is the first round of external funding the...

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Data of Thousands of Mount Kenya University Students Leaked Online in...

A new report suggests that data of various Mount Kenya University students – both past and present – is being shared online in hacker...

24Bit Podcast Episode 22: Video Chat Apps – The new normal...

In this latest episode of our 24Bit Podcast, Emmanuel Chenze, Nick Kanali and Dickson Otieno discuss Video Chat Apps people are using with the...

EDITOR'S PICK

Google Sued For Allegedly Tracking Users in Incognito Mode

A new class-action lawsuit against Google’s parent company, Alphabet, is accusing the company against tracking users in incognito mode. The lawsuit could cost the...