Africa
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News
South Africa’s digital enabler Flow has raised $4.5 million to facilitate strategy growth
Flow, a South African company that helps businesses to gain online presence and leverage on digitization has raised $4.5 million…
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CLOUD
Africa Data Centres breaks ground for new Sh2bn Sameer facility in Nairobi
Africa Data Centres has officially broken ground on an additional data centre facility in Nairobi. The new build will see…
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News
South Africa’s gaming firm Carry1st raises $27M
The gaming market in Africa continues to grow as more creators, gamers and other stakeholders make significant investments in the…
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News
New social-media platform African Stream seeks to change how African Stories are told
African Stream, a newly created social-media platform with its headquarters in Nairobi, Kenya brands itself as a tool that seeks…
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News
Two Kenyan firms among 10 African startups selected for $2m Catalyst Fund
Pre-seed venture capital (VC) fund and accelerator Catalyst Fund has announced a US$2 million investment into 10 startups building solutions…
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News
These African Countries are leading in Loan Apps Downloads
After analyzing 140 million installs, across 3,000 finance apps, Google in collaboration with analytics firm AppsFlyer found that installation of…
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News
Payments firm enza group launches to serve African banks and fintechs
enza Group: Africa has a very vibrant fintech and payments ecosystem. This space is expected to grow exponentially over the coming…
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News
Sub-Saharan Africa Lost $261 Million Last Year Due to Internet Shutdowns
As internet penetration across the world increases, internet shutdowns that hit various countries last year had a devastating effect on…
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Social Media
Facebook’s content moderation partner Sama quits amid court battle
Sama, Facebook’s content moderation partner in Africa has announced that it’s exiting content review services to focus on data annotation,…
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News
Mikhail Marchenko: Major fintech trends that will affect online businesses in 2023
Digitalization and technological achievements, which have been observed in the African region for the past decade, have sped up the…
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Startups
Women-led startups in Africa raised $203.2M in 2022
There has been a significant focus on funding for African-led startups across the globe. Across the continent, several venture capital…
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News
Fintech is the most vibrant sector in the Kenyan startup landscape, report
A report released by pan-African publication and research firm Disrupt Africa has pointed out fintech as the most vibrant subsector…
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News
[Interview] MediaTek commits to increasing 5G adoption in Africa with affordable chipsets
Chipmaker MediaTek has announced its commitment to driving increased 5G adoption in Africa. In a recent interview with TechTrends Media,…
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News
Burning Heroes opens applications for its African Edition of Startup Awards
Burning Heroes (BH) Founders Association has announced the launch of its Africa Edition of startup awards. BH says the contest…
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News
US Telco Equinix to build $160 million data center in South Africa
Equinix, an American telecommunications company that specializes in internet connection and data centers has announced a $160 million investment to…
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News
Nigeria is working on a law recognizing cryptocurrency as legal tender
Nigeria’s House of Representatives is working on a law that may soon recognize cryptocurrency as legal tender, alongside other forms…
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News
Tanzania’s fintech NALA has expanded to 19 European countries
NALA, a Tanzanian fintech startup known for its remittance services to Africa has expanded to 19 more European countries. The…
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News
[Interview] African governments must release spectrum to increase 5G adoption, Qualcomm’s Elizabeth Migwalla says
In October this year, Kenya’s leading telco Safaricom officially went commercial with 5G in Kenya, joining a number of other…
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News
Microsoft, Viasat team up to deliver internet access to 5 million people across Africa
Microsoft is teaming up with global telecommunications company Viasat to help deliver internet access to 10 million people around the…
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Startups
VC fund Ventures Platform closes its pan-African and early-stage fund at $46M
Ventures Platform, a pan-African early-stage Venture Capital firm has today announced the final close of its intercontinental fund, at $46M. …
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News
Visa to accelerate Africa’s digital transformation with $1 billion investment
Global payments company Visa has pledged to invest $1 billion in Africa to accelerate digital transformation over the next five…
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News
E-commerce fraud has recorded a 42% increase this festive season, report
A report by global information and consumer insights firm TransUnion has revealed that online shopping scams have increased by 42…
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News
IDORENYIN OBONG: Five financial planning tips for African freelancers and gig workers
The global pandemic has accelerated the pace of change, causing significant disruption across labour markets and forever changing how we…
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News
MEST Africa Opens Applications for its 2024 Training Program
After announcing five African tech startups that made it to the grand finale of the 2022 Africa Challenge pitch competition,…
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News
Jumia closes Dubai office, moves senior staff to Africa in a cost-cutting move
Jumia Technologies has announced the closure of its Dubai office as the company remodels its business following years of loss-making…
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News
$200 million fund launched to support African SMEs
The Mastercard Foundation Africa Growth Fund (MFAGF) has launched a $200 million funding initiative for small and medium-sized enterprises in…
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News
Nigerian fintech Chipper Cash is the latest company to conduct massive layoffs
Nigerian cross-border payments startup Chipper Cash has laid off nearly 13% of its workforce, reports indicate. Many employees from various…
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News
Leading Identity Verification Startup, Verified.Africa Launches in Kenya
Verified.Africa, a leading provider of ID verification, document verification, and digital KYC compliance solutions, has launched in Kenya. With this…
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News
Copia Global and Cellulant have partnered to help diaspora customers pay for services
Copia Global has partnered with pan-African payment technology company Cellulant to make it easier for its customers in the diaspora…
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News
ANNALISA PLACHESI: Why NGOs should embrace the digitisation of payments and collections
Digital payments have fundamentally transformed lives across Africa by providing access to financial infrastructure and enabling innovation. More jobs have…
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News
VMware Cloud on AWS Expands to Africa
VMware today announced VMware Cloud on AWS is now available in the AWS Africa (Cape Town) Region. With VMware Cloud on…
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CLOUD
Vertiv unveils new Liquid Cooling Solution for Data Centres
IT infrastructure company Vertiv has unveiled a new liquid cooling solution for data centres in EMEA. Known as Liebert XDU,…
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Blockchain
More than 2000 developers joined the Polygon Africa Web3 Bootcamp
In September, blockchain platform Polygon opened applications for its Web3 Bootcamp targeting African developers. The Polygon Bootcamp and Hackathon was…
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Startups
Tanzanian supply chain solutions startup Ramani has raised $32M in equity and debt
Tanzanian supply chain solutions provider Ramani has raised $32M in debt and equity in a Series A round that was…
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News
Pan-African solar company Solarise Africa raises $33.4M
Solarise Africa, a pan-African Energy-as-a-Service company that provides reliable and affordable energy solutions across Africa has raised $33.4M to expand…
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News
TECNO 2023 phones to feature great AI and photography capabilities
The demand for premium smartphones has increased consistently over the last couple of years, courtesy of technological breakthroughs in various…
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News
Modus Africa sets aside $75M to support African AI and blockchain startups
African AI and blockchain startups are set to benefit from Modus Africa fund, an African –focused venture capital firm under…
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News
How the fall of FTX impacted Nigeria’s Web3 startup Nestcoin
It’s now emerging that the collapse of American crypto platform FTX last week has had an impact on Nigeria’s Web3…
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News
IFC has launched a $225 million VC subsidiary to fund early-stage African startups
The International Finance Corporation (IFC) has launched a $225 million venture capital subsidiary to invest in early-stage startups across Africa,…
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News
Epson is killing Laser Printers in Favour of Inkjet Printing
Epson has announced that it’s ending sales of laser printers citing the technology’s limited ability to make meaningful sustainability advances. …
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News
Nigerian Fintech Kuda Wants To Make Remittance From UK To Africa Cheaper
As remittances to Africa increase, several firms are finding ways to make it easier, cheaper and more convenient to send…
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News
Egyptian B2B marketplace SPEED acquired by UAE-based firm X-ERA
UAE-based logistics services provider X-ERA has acquired Egypt’s B2B marketplace SPEED, as part of its international expansion strategy. SPEED connects suppliers…
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News
Kenya’s GrowAgric and Aquarech among startups selected for Katapult Africa Accelerator Programme
Kenyan GrowAgric and Aquarech are among nine startups from across the continent that have been selected for the Katapult Africa…
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News
Airtel Africa and OneWeb to provide satellite internet connectivity across Africa
OneWeb, a London-headquartered communications solutions company has partnered with Airtel Africa to provide satellite internet connectivity across the continent. The…
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Startups
Kenyan fintech Hisa among 9 African startups selected for the second batch of €7.5 million Startup Wise Guys fund
Kenyan fintech Hisa is among the nine African startups selected for the €7.5 million Startup Wise Guys fund. Selected…
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New Appointments
Judy Waruiru appointed as Managing Director for digital payments firm DPO Africa
African digital payments company DPO has announced the appointment of Judy Waruiru as Managing Director for Africa effective in January…
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News
Hackers stole $11 million from 12 African countries over a period of five years
Banks, financial services providers, and telecommunication companies from 12 African countries lost $11 million to hacking attacks between 2018 and…
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News
Twitter has fired its employees in Africa with no severance pay
Twitter Africa: Since Twitter’s takeover by billionaire investor Elon Musk, the most consistent news we’ve heard is quirky lays offs,…
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Blockchain
Crypto regulation in Africa: What Good Regulation Looks Like
Millions of investors have been drawn to cryptocurrency by the prospect of rising prices. To this end, a growing number…
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News
Algeria’s Yassir has raised $150 million in series B funding
Yassir, an Algerian supper platform that offers ride-hailing, food and grocery delivery as well as financial services on a single…
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News
Quona Capital to invest $332M in fintech startups from emerging markets focusing on financial inclusion
Emerging markets venture capital firm Quona Capital today announced the final close of $332 million for its Fund III, significantly exceeding…
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News
Fintech firm MFS Africa granted payments licenses to operate in Uganda
Financial services provider MFS Africa has been granted licenses to operate in Uganda as a PSP (Payment Service Provider), PSO…
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BUSINESS
Jeremy Hodara and Sacha Poignonnec step down as Jumia Co-CEOs
Jumia Technologies Co-CEOs Jeremy Hodara and Sacha Poignonnec have stepped down from the company effective today. Francis Dufay who has…
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News
Mara launches crypto wallet for sub-Saharan Africa
Mara Group, the pan-African technology firm building phones and applications for various use cases in the continent has launched Mara…
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News
Kenya to host 2023 Digital Rights and Inclusion Forum
Kenya will next year host the 10th Edition of the Digital Rights and Inclusion Forum (DRIF). The forum, whose theme is Building…
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News
Software firm Odoo has chosen Nairobi as its African headquarters
Odoo, a Belgium company that builds business solutions for eCommerce, accounting and inventory has been slowly making its presence felt…
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News
Safaricom now offering Boomplay customers dedicated music streaming bundles
Safaricom has announced a new partnership with music streaming platform Boomplay to avail the service to its customers via affordable daily,…
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News
There is rise in 5G uptake across Africa but 3G remains dominant, GSMA report
The Mobile Economy Sub-Saharan African report by GSMA has brought to the limelight interesting pointers on the state of mobile…
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News
Kenya, Nigeria and SA lead fintech growth in Africa, Mastercard report
A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant…
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News
Amazon Web Services has set up its second-largest African office in Lagos, Nigeria
Amazon Web Services (AWS) has selected Lagos, Nigeria as the base for its second-largest office in Africa. The cloud service…
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News
Vodacom Tanzania has expanded M-Pesa to 8 SADC Countries
Tanzania’s leading telecommunications company Vodacom has announced the expansion of its International Money Transfer (IMT) services to eight new countries…
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News
Cisco Networking Academy has trained more than 1.07 million people in Sub-Saharan Africa to date
Cisco has trained and upskilled more than 1.07 million people in Sub-Saharan Africa through its Cisco Networking Academy since it…
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News
This platform aims to help African writers gain audience and build an online community
The appetite for high-quality writing is at an all-time high as the internet creates more opportunities where writers can get…
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News
South Africa’s telecom MTN to host Africa’s first metaverse music concert
The concept of the metaverse is still alien to the whole world and only a handful of people seem to…
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News
Mastercard and Cellulant announce digital commerce payments partnership
Mastercard and Cellulant have partnered to allow Cellulant customers across Africa to shop and pay online with global merchants wherever…
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News
Binance Charity is offering 1000 scholarships for technology skills training to African youths
Binance Charity, the philanthropic arm of cryptocurrency and blockchain firm Binance is offering scholarships for 1,000 Africans in a 1-year…
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News
New Region for Oracle Interconnect for Microsoft Azure Opens in South Africa
Oracle has announced the opening of a new Oracle Interconnect for Microsoft Azure location in Johannesburg, South Africa. The new…
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News
4 Kenyan podcasts to benefit from Spotify’s new $100K Africa Podcast Fund initiative
4 Kenyan podcasts are among the 13 selected to benefit from Spotify’s new Africa Podcast Fund initiative. The $100,000 fund…
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News
Flutterwave Appoints Former JP Morgan Chase Executive as Senior Advisor
Nigerian money transfer company Flutterwave has appointed Marshall Lux as a senior advisor. Marshall is a former Chief Risk Officer…
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BUSINESS
Visa doubles down on wallets with Thunes in emerging markets
Visa is partnering with Thunes to help individuals and small businesses move money internationally to 78 digital wallet providers, reaching…
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Startups
President Buhari signs Nigeria Startup Bill into law
As technology-led innovations take centre stage in Africa, countries are putting in place policies to support innovation and accelerate the…
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News
Wasoko dismisses reports that it has shut down its operations in Kenya
Kenyan-based B2B e-commerce startup Wasoko has dismissed reports that it has shut down its operations in the country. On Monday,…
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News
[Interview] We’re driving Web3 adoption in Africa, Polygon’s Damilare says
Web3 is the latest iteration of the Internet that relies largely on blockchain technology, artificial intelligence, and machine learning (AI).…
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News
Only 55% of the African population has access to the Internet, report
A report by online privacy and protection firm Sufshark has revealed huge discrepancies between internet access and speeds in developing…
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News
Users in Africa hit by new malicious WhatsApp mod
A new malicious version of a popular WhatsApp messenger mod dubbed YoWhatsApp is doing rounds targeting users in the META…
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News
African Governments Urged to Establish Favorable Digital Laws and Policies
Governments across Africa have been urged to expand digital rights and inclusion on the continent by formulating favorable laws and…
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News
EzyAgric and Pezesha launch Buy Now Pay Later services for Ugandan agro-dealers
Kenyan fintech Pezesha has partnered with EzyAgric to launch a buy-now-pay-later (BNPL) scheme for agro-dealers all over Uganda. EzyAgric has…
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News
African tech startups have so far raised $2.7bn in funding this year, report
A report by pan-African tech publication Disrupt Africa has revealed that African tech startups raised $2.7bn in funding in the…
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News
Hisa among 7 Kenyan tech startups selected for MEST Africa Challenge 2022
Kenyan fintech Hisa Inc is among the 36 African startups selected for the 2022 MEST Africa Challenge. The mobile investment…
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News
MFS Africa selects ThetaRay to monitor transactions and screen for sanctions
Digital payments network MFS Africa has selected ThetaRay to protect its growing network of services against financial crimes. ThetaRay, a…
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CLOUD
EIJI OTA: Cloud services can bring the benefits of automation to every print business
It’s frustrating for small business owners to hear about great solutions that boost productivity, streamline processes and remove unseen costs,…
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News
Liquid Dataport taps into Google’s Equiano sea cable to provide faster and affordable internet for consumers in SA
Liquid Dataport has acquired a pair of fibre cables on Equiano, the new West coast submarine cable as it seeks…
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News
American Tower and Airtel Africa announce new communications sites partnership
Airtel Africa has announced that it will use African operations (ATC Africa) communications sites to support its network rollout across…
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News
Logistics startup Sendy cuts down on its Supply Service
Kenyan logistics startup Sendy has restructured its operations, effectively winding down its Supply service. The startup says it will now…
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News
Google to build its first African Cloud region in South Africa for $1 billion
Google has announced plans to build its first cloud infrastructure in South Africa for an estimated $1 billion. The tech…
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Startups
HAVAÍC completes its third investment in Kenyan FinTech Tanda
Cape Town-headquartered venture capital (VC) firm HAVAÍC has completed its third investment in Kenyan FinTech Tanda. The investment from the…
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News
Ugandan Digital Lender Numida Has Raised $12.3 Million in Pre-Series A Round
Ugandan fintech startup Numida has been in operation since 2017. The company has found its footing, offering customers loans ranging…
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News
Vodacom Rolls Out 5G Network in Tanzania
As the race to 5G network gains momentum, operators around Africa are laying down the infrastructure so that their users…
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News
Biometrics tech firm iiDENTIFii raises $15 million growth capital
Biometrics tech firm iiDENTIFii has raised US$15 million growth capital, the largest African Series A in the identity verification space…
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News
Microsoft to support continuous transformation of Africa’s Financial Services Industry
Transforming the Financial Services landscape in Africa will be a critical driver of economic prosperity across the continent, a banking…
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News
Northern African Countries Have the Cheapest Data in the Continent, Report
A report analyzing mobile data costs across 233 countries has revealed that Israel has the cheapest data costs in the…
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Startups
Nigeria’s restaurant management startup Vendease has raised $30 million to scale its food supply business
Nigerian startup Vendease which makes it easy for restaurants to access food supplies has raised $30 million in Series-A funding.…
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News
Fallohide Africa: Re-writing Kenya’s Story through Virtual Reality
Kenya is putting its foot forward in the age of Immersive technologies, including AR (Augmented Reality) and VR (Virtual Reality).…
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News
How African Digital Heritage is using digital mapping to preserve Mau Mau history
Part of the indelible part of Kenya’s struggle for independence is the undignified and humiliating detention camps from which the…
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News
Kenya’s Zuri Health and Damu Sasa to benefit from $7M fund from Bill Gates Foundation
Thirty companies from 14 African countries will benefit from a $7 million fund fronted by pan-African support organization Investing in…
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News
Mara Launches Free Online Course to Advance Blockchain and Financial Literacy in Africa
Pan-African phone manufacturer Mara Group has launched a free educational online course with the aim to boost blockchain adoption and…
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News
Microsoft, AfDB partner to drive youth entrepreneurship in Africa
Microsoft is expanding its partnership with the African Development Bank (AfDB ) to support Africa’s youth entrepreneurs under the bank’s…
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News
Kenya is Hosting Polygon’s First Web 3.0 Bootcamp in Africa, here’s how to sign up
Polygon has opened applications for the Polygon bootcamp, an eight-week intensive mentorship program and hackathon in Africa. The Polygon Bootcamp…
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News
Mozilla has added West Africa’s Twi language to its Common Voice Project
Most people in Ghana speak Twi as either the first or second language although English is the official language for…
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News
Flutterwave adds Google Pay as a payment option for African businesses
Nigerian fintech Flutterwave is adding Google Pay, a mobile payment service, developed by Google, as a payment method. As part…
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News
Canon launches a virtual academy video platform for filmmakers in Africa
Canon Central and North Africa on Thursday announced the launch of a virtual film school to provide filmmakers with a…
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