Joel Nwankwo - byOuut (Page 18)

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Joel Nwankwo

Writer, TECHist and Data analyst.

Liquid Intelligent Technologies, Zambia Opens its First Office in Mkushi, Expanding its Operations to the Central Province

Liquid Intelligent Technologies, Zambia Opens its First Office in Mkushi, Expanding its Operations to the Central Province

By opening its first office in Mkushi, the Zambian division of technology infrastructure and services company, Liquid Intelligent Technologies, is extending its reach into the Central Province of the nation. The Pan-African technology company has reaffirmed its commitment to promoting social mobility and economic development for people and businesses in

Fintech-focused Cape Town Stock Exchange raises $5M from Imvelo Ventures

Fintech-focused Cape Town Stock Exchange raises $5M from Imvelo Ventures

South African Cape Town Stock Exchange (CTSE), has secured a $5M (R85 million) financing round led by Imvelo Ventures, a new investor to the group and a venture capital investment firm founded by Capitec Bank and Empowerment Capital Investment Partners. Lebashe Investment Group, Pallidus Alternative Investments, Shaolin Investments Limited, and

South African Product Rentals Platform, Rentoza, Eyes West African Expansion

South African Product Rentals Platform, Rentoza, Eyes West African Expansion

After receiving funding from Khulisani Ventures investment arm of the Mineworkers Investment Company (MIC), South African goods rental service, Rentoza is preparing to expand across West Africa over the next 12 months. Founded in 2018, Rentoza offers South Africans product subscriptions for necessities like baby products and technology appliances. The

Portchie becomes SA’s first Artist to launch Generative NFT Art Collection

Portchie becomes SA’s first Artist to launch Generative NFT Art Collection

Jan Hendrik Viljoen, aka “Portchie,” one of South Africa’s most well-known artists and possibly a household name in the art world, is breaking down barriers by becoming South Africa’s first artist to sell a collection of generative art through non-fungible tokens (NFTs), which are sweeping the world. Starting

Telkom Launches Telkom Lend to Offer Small Businesses Funding up to R5m within 24 hours

Telkom Launches Telkom Lend to Offer Small Businesses Funding up to R5m within 24 hours

Small businesses can now apply online for funding between R20,000 ($1,100) and R5,000,000 ($300,000) through Telkom Lend, a new service from Telkom Business, within 24 hours. Without paperwork, lines, or waiting for a financial institution’s response, Telkom Lend replies to applications in less than

Mineworkers Investment Company (MIC) Launches Venture for Black-owned Businesses

Mineworkers Investment Company (MIC) Launches Venture for Black-owned Businesses

The Mineworkers Investment Company (MIC) has opened the second application window to promote what it refers to as high growth potential and innovative enterprises. Through its venture capital initiative, MIC Khulisani Ventures, the firm intends to invest R150 million ($9M) in new black-owned enterprises. The MIC will be providing funding

Uber and Bolt Drivers Strike in Cape Town

Uber and Bolt Drivers Strike in Cape Town

In Cape Town, Uber and Bolt drivers went on strike in protest of rising commission fees and reduced commission rates. The strike began on Wednesday and is scheduled to last until Thursday. On Wednesday, the drivers presented a list of demands to the Bolt offices in Cape Town. Drivers will

Liquid Intelligent Technologies Completes Acquisition of Telrad

Liquid Intelligent Technologies Completes Acquisition of Telrad

Liquid Intelligent Technologies, a unit of Cassava Technologies (Cassava), a leading provider of technological infrastructure and services in Africa, today announced the completion of its 100% acquisition and delisting of Telrad, an Israeli technology company. Telrad offers top-notch technological goods and services to governments and businesses around the world, and

MTN receives $35 Million Binding Offer for its Afghanistan Unit

MTN receives $35 Million Binding Offer for its Afghanistan Unit

Mobile service provider, MTN Group, announced on Thursday that its first-half earnings had increased by 46.5% and that it had received a $35 million binding bid for its Afghanistan business, bringing the Middle East to a close. Group Chief Executive Officer Ralph Mupita stated to journalists on a news

Rain Retracts Telkom Merger Offer Announcement

Rain Retracts Telkom Merger Offer Announcement

After submitting a merger proposal to the Telkom board, Rain withdrew its announcement. Following a harsh warning from the Takeover Regulation Panel (TRP), which required the cellular network operator to recant its remark. The TRP claimed that the company violated instructions not to make any announcements without its consent just

Easy Crypto Partners Stitch to make Buying Crypto Assets Easier for South Africans

Easy Crypto Partners Stitch to make Buying Crypto Assets Easier for South Africans

In South Africa, cryptocurrencies have emerged as a desirable new asset class, giving people more access to wealth, financial freedom, and other benefits. Customers will be able to safely link a bank account to the Easy Crypto platform and instantly top up their wallets using EFT with just one click

South African Agritech Startup, Homefarm, Secures $104k Funding from CapaciTech

South African Agritech Startup, Homefarm, Secures $104k Funding from CapaciTech

The parent company of South African Agritech startup Homefarm, PixelBlue, claims to have raised R1.7 million (about $104k) in seed funding to enable customers, communities, and enterprises to grow more of their fresh food produce on-site where it is consumed. Investment firm, CapaciTech led the round. Homefarm claims in

MindZu is Revolutionizing Maths Educations for 9th Graders in a Fun Way

MindZu is Revolutionizing Maths Educations for 9th Graders in a Fun Way

Math education and learning technologies have far more potential than just making calculations faster. A closer look at the potent characteristics of an Edtech startup like MindZu can simply explain the phenomenon. Studies have revealed that students who used math programs regularly performed noticeably better on examinations than those who

If You Can’t Beat Them, Partner with Someone to Fight Them. Toto Consortium Bids for State’s 40% Stake in Telkom

If You Can’t Beat Them, Partner with Someone to Fight Them. Toto Consortium Bids for State’s 40% Stake in Telkom

Telkom can no longer help but trend. After receiving a merger offer from Rain on Thursday, the telecom giant is once again in the news today. This time, Investment firm Toto Consortium made an offer valued at $433 million (R7 billion) for the stake in the nation’s third-largest mobile-phone

Zambian Kwacha Became the World’s Second-Best Performing Currency; What Does This Mean for Zambian Startups?

Currency Valuation

Zambian Kwacha Became the World’s Second-Best Performing Currency; What Does This Mean for Zambian Startups?

Startups used to be essentially local enterprises, producing goods and services for a network of clients and suppliers who were nearby, typically in the same city or state, and always in the same country, and sourcing supplies from them. However, globalization has given business owners a number of advantages, such

More Fiber or More 5G? Rain Looks to Cause a Merger Upset with Telkom

More Fiber or More 5G? Rain Looks to Cause a Merger Upset with Telkom

Internet service provider Rain announced earlier on Thursday that it has requested to pitch a partnership with rival Telkom to become a third major operator in the nation. A move that well poses threat to a takeover plan from MTN Group Ltd. that is now being discussed. Telkom SA SOC

Africa’s First Metaverse Venue, Sodaworld Secures International VC Funding

Africa’s First Metaverse Venue, Sodaworld Secures International VC Funding

SodaWorld, billed as the first and only Metaverse venue in Africa, has obtained initial global funding from a renowned Swiss venture capital firm. The startup enables artists to receive much-needed funding from all throughout the Metaverse. SodaWorld is only one of many international platforms that use the much-hyped Metaverse in

Droppa to go Global After Securing Series A Round from SkyNet

Droppa to go Global After Securing Series A Round from SkyNet

Droppa Group, a provider of fleet and courier e-services, has finalized a Series A funding round with global logistics leader, SkyNet Worldwide Express, expanding its stake in Droppa. With Droppa, popularly known as the “Uber for bakeries,” consumers and companies may order a truck or van for multi-purpose logistics anywhere

South Africa’s DataProphet raises $10M to scale AI as a service

South Africa’s DataProphet raises $10M to scale AI as a service

A $10M Series A round of funding round has now been completed by DataProphet, a South African firm that provides software for AI to the manufacturing sector. Knife Capital took the lead in the Series A round. IDC of South Africa and Norican, one of the biggest manufacturers of metal

SEACOM Partners British Telecommunication for Enterprise Cybersecurity

SEACOM Partners British Telecommunication for Enterprise Cybersecurity

SEACOM and British Telecommunications (BT) today announced a strategic partnership that will enable SEACOM to deliver new networking, security, and communications solutions to enterprise customers in Africa while also strengthening the security of its own infrastructure. SEACOM will use BT’s services, vendor ties, and worldwide expertise to extend its

Anglo American South Africa Launches Startup Incubator Program Across its Operations’ Communities

startup incubation program

Anglo American South Africa Launches Startup Incubator Program Across its Operations’ Communities

Anglo American South Africa, a diversified miner, has started an incubator program through Zimele, its enterprise development division, with the goal of transforming 500 start-up firms in rural communities into viable businesses. The program will primarily support women- and youth-owned enterprises in the North West, Limpopo, and Northern Cape regions

Female Founders and Innovators Can Apply for Access Bank’s Womenpreneur Pitch-a-ton Program

Female Founders and Innovators Can Apply for Access Bank’s Womenpreneur Pitch-a-ton Program

Leading Nigerian retail bank Access Bank Plc has announced the second iteration of its Womenpreneur Pitch-a-ton program as part of its commitment to consistently provide financial and business skills to female entrepreneurs. The Womenpreneur Pitch-a-ton Africa 2020 Campaign aims to give female-owned enterprises in Africa access to funding. The campaign

South African Cleantech Startups Can Benefit from the Green Energy Africa Summit

South African Cleantech Startups Can Benefit from the Green Energy Africa Summit

South African Cleantech startups and innovators will have the chance to pitch to a room full of foreign and local investors on October 4 and 5, 2022. This initiative is part of the goals of Green Energy Africa Summit, to promote funding investment opportunities for Cleantech startups. The pitching event

South African VC firm, HAVAÍC, backs FinAccess with $500k Pre-series A Funding

South African VC firm, HAVAÍC, backs FinAccess with $500k Pre-series A Funding

Cape Town-based VCX company, HAVAÍC, just announced an investment of $500k in FinAccess, an East African-based software solutions provider that digitizes local community banks, or SACCOs (Savings & Credit Cooperative Organizations), and farming cooperatives (or “co-ops”) in the area. The pre-series A funding round is intended to expand the company’s

South Africa Launches Operation Vala Zonke to Tackle Potholes

South Africa Launches Operation Vala Zonke to Tackle Potholes

In order to help the government quickly fix potholes, the Transport Minister, Fikile Mbalula, has urged the public to report them via a recently released app for municipal and provincial roads. The Minister announced the commencement of Operation Vala Zonke, a comprehensive campaign to eliminate potholes across all areas of