Joel Nwankwo

Writer, TECHist and Data analyst.

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Daily

iKhokha And Mastercard Launch Groundbreaking Contactless Payment Solution In South Africa

Daily

City of Cape Town Launches All-Inclusive Municipal App

In response to the growing demand for its load-shedding app, the City of Cape Town has introduced an all-inclusive service-related municipal app. The new app, launched under the City of Cape Town banner, offers various features to residents, including access to the latest load-shedding schedule for their area, fault reporting,

Daily

InDrive Implements Safety Pact and Empowers Power of Choice For Users

InDrive, an e-hailing service in Southern Africa, has introduced a Safety Pact on its web and mobile applications. The agreement involves three parties: passengers, drivers, and InDrive itself, and it aims to promote mutual respect and secure practices for all users on the platform. The company encourages passengers and drivers

Daily

Patrice Motsepe's ARC Acquires Stake In GoSolr

African Rainbow Capital (ARC), a Patrice Motsepe-controlled investment holding company, has acquired a minority shareholding in GoSolr, a residential solar energy company in South Africa.

Daily

Visa Launches African Fintech Accelerator Programme

Visa has introduced a fresh initiative called the Africa Fintech Accelerator programme, which aims to support African startups by providing them with expertise, connections, technology, and investment funding. The initiation of the Africa Fintech Accelerator programme is a result of Visa's recent promise to dedicate US$1 billion

Funding

Acorn Fintech Secures Fund From Equity Capital EPT Tech Fund

Acorn Fintech, a South African start-up has just received funds from EPT Tech Fund, a venture capital firm. The venture capital firm is focused on emerging start-ups in Africa, aiming to secure pre-seed funds. The announcement was made on Tuesday by Joanna Govender, CEO of EPT Tech Fund.

Daily

African Fintechs Gain Financial Backing From World Bank

Through the Southern Africa Innovation Bridge Portal initiative, the World Bank has provided financial support to ten fintech start-ups. This initiative has created an opportunity for underserved communities, which are often seen as high-risk by investors, to access funding. Supported by the World Bank and Switzerland’s State Secretariat of

Daily

Parket Launches Its Operations In Johannesburg

In South Africa, parking problems are widespread and affect both commercial and residential areas. The influx of residents and tourists in cities contributes to a shortage of parking spaces. Parket, a proptech start-up, has officially initiated its operations in Johannesburg, offering a solution to the city's parking challenges.

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cryptocurrency

Cryptocurrency Transactions Will Soon No Longer Be Permitted In South Africa Without A Licence

Daily

Yoco Launches Neo Touch To Redefine Seamless Payment In South Africa

The development of Neo Touch was a complex and time-consuming process, requiring nearly 15 months of collaboration between Yoco's engineers and industrial experts.

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Fintech Capital Appreciation Finally Acquires Dariel

In April, the company initially revealed its intention to acquire Dariel, stating that it aimed to obtain the entire company for a total purchase price of R85.3 million.

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Tech Funding In Southern Africa, H1 2023

The VC slowdown in 2023 so far (Jan.–June) has been characterized by a YoY halving of both the number of $1 million+ deals and the amount raised (excluding exits) and mounting pessimism across sectors and among founders.

Maholla, ikeja Partners In South Africa To Improve Internet Access For Youth In Townships

In the current era, internet connectivity has become an essential element for social communication, and it is crucial to ensure that everyone has access to it. Recognizing this, Maholla, a startup specializing in rewards apps, has joined forces with ikeja, an internet service provider, to improve internet connectivity in South

InfoDocs Innovative Solution Towards CPIC Requirements

InfoDocs, a South African startup is offering solutions to enable companies in the country to meet up with Companies and Intellectual Property Commission (CPIC) legal standards. According to the organization, registered companies have failed to remit annual returns as required of them, which could lead to significant risks like penalties

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The Future Of Venture Capital In Africa

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Vuleka Crowned Winner At The Visa Everywhere Initiative (VEI) Competition

Vuleka, a local start-up in South Africa was declared the winner of the fintech competition, the Visa Everywhere Initiative (VEI).  This event is the South African edition held in Cape Town where Vuleka was awarded prize money of $50,000 (R926,751). This will advance the startup to the regional

Daily

Vertiv launches its African Headquarters in Johannesburg

Vertiv, a global provider of critical digital infrastructure and continuity solutions, has officially opened its African head office and Customer Experience Centre in Johannesburg, South Africa. Their establishment of these facilities reflects Vertiv's commitment to investing in the region and its "Africa for Africa" initiative. Wojtek

Daily

Absa Bank Botswana Launches Mobi Tap App

Absa Bank of Botswana launches the Absa Mobi Tap app to promote financial inclusion in Botswana. This initiative allows merchants and small, micro, and medium enterprises (SMMEs) to process contactless card transactions. Instead of traditional point-of-sale devices, merchants can now use their smartphones to carry out daily business transactions. The

Funding

South African’s Healthtech Zoie Health Secures Expansion Fund

Zoie Health, a South African Healthtech company, has successfully raised a pre-seed expansion fund with the leadership of 4DX Ventures. Notably, impact investor E Squared Investments was also involved in this funding round. Zoie Health aims to expand Africa's pioneering digital women's health clinic by broadening

Daily

Pan African Microfinance Firm Letshego Initiates a Digital Plan

Technology in business brings efficiency that can create a level of satisfaction for its users. With more people online these days, traditional banks are beefing up their online services. Letshego, a Pan African microfinance firm plans to digitize its operation to reach more customers. The firm aims to register one

Daily

aYo Holdings Introduces Family Cover Insurance Policy in Ghana

aYo Holdings, an African insure-tech, has introduced Family Cover, a novel insurance policy that provides hospital and life insurance, in Ghana. The product aims to meet the growing demand for insurance coverage for the entire family. It allows Ghanaians to obtain hospital and life insurance for themselves and up to

Liquid Intelligent Technologies Connects Mauritius, South Africa with T3 Subsea Cable Installation

Liquid Intelligent Technologies, a company owned by Cassava Technologies, has successfully installed the Mauritius Telecom T3 subsea cable. The installation of the T3 subsea cable between Mauritius and South Africa in Amanzimtoti strengthens stable and redundant connectivity. The T3 cable comprises four fibre pairs, with a design capacity of 13.

African Gaming Industry

Empowering African Youth, Tshimologong Drives Innovation in Gaming, Animation

Over time, the gaming industry has expanded into a lucrative global sector with a wide-ranging and extensive audience. South Africa has witnessed consistent expansion in its gaming industry. This is due to enhanced technology access, growing gaming interest, and a thriving developer community. The Tshimologong Digital Innovation Precinct in Johannesburg

Crypto Trading

How the Current Crypto Crackdown Affect Venture Funding in Africa

Cryptocurrency has been increasingly popular worldwide as more people see it as an alternative to traditional financial systems. Africa is also experiencing a steady growth in cryptocurrency adoption. Although, it faces some distinct challenges that hinder widespread acceptance on the continent. The limited availability of traditional banking services is a

Mobility

How Planet42 Is Upholding Rent-To-Own Car Scheme In South Africa

Driving a vehicle holds significance for individuals in society as it offers social status and enables personal authority and independence. Particularly elderly individuals face challenges with walking to reach bus stops or cycling. Hence, driving often remains the only viable choice for maintaining independent mobility. South Africa faces a significant