The Silicon Valley Bank collapse can’t really stay out of the news at the moment. The news had broken that Silicon Valley Bank, the bank of choice for most startups and venture capitalists, had been shut down by the Federal Deposit Insurance Corporation (FDIC). Customers of SVB have been

Young African scientists with novel research proposals are eligible for the 2023 Jennifer Ward-Oppenheimer (JWO) Research Award. The main applicant must hold a degree or a higher qualification and have close ties to an accredited African institution. The institution must have a track record of successfully managing funds and adhering

The first-ever all-female software engineering cohort of 50 000 women in South Africa has been announced by tech training provider ALX in honor of International Women’s Day, which is observed on March 8. The cohort is a component of ALX’s “WomXn and Tech” project, which was motivated by

The South African central bank estimated that $51 million is lost every day due to load shedding. With the country responsible for 12% of economic activity on the continent and accounting for 30% of electricity demand in Africa, which produces 229 gigawatt hours of power annually, it is really a

More positive movements geared toward tech and startup acceleration are being led by women. These effective organizations show that women are capable of handling problems affecting their nations’ economic development. Thus, the gender gap must be closed, and all traces of gender inequality must be eliminated from society. For women

Unless the individual is a naturalized South African, the South African Citizenship Act allows for the retention of South African nationality prior to the acquisition of a foreign nationality. Prior to obtaining a foreign nationality, individuals must apply for and be given permission to retain their South African nationality. This

Paymenow, a platform for Earned Wage Access (EWA), is getting ready to launch in Zambia thanks to a partnership with financial services provider Izwe. Paymenow recently announced its growth, stating that all “employers that seek to support their employees with the most cheap and responsible liquidity management solution in the

The Rapid Payments Programme (RPP) or PayShap, as well as Capitec Pay, have been integrated into the API of South African-based payments business Stitch in order to increase the scope of its payments infrastructure service. Due to this integration, Stitch customers will be able to add Capitec Pay as an

To introduce a revolutionary payment option that might completely transform the South African banking industry, Capitec has teamed up with Ozow and other key partners. Innovative payment ecosystems and increased financial inclusion in the nation will be established through cooperation. For underserved customers and businesses, a simpler and more convenient

The Shadow Over E-commerce in Africa The value of e-commerce in Africa reached $16.5 billion in 2017, and by 2025, it may reach $75 billion. Although these forecasts present an upbeat picture, caution should be exercised before putting too much stock in them. The fact is that due to

Stitch seems to be interested in every aspect of payments as the startup targets financial inclusion across Africa, beginning in South Africa. The South African payments infrastructure company, Stitch, has announced the introduction of CashPay, its newest payment option. Due to the rapid distribution of funds to a customer’s

San Francisco-based Gable, which assists distributed businesses in managing office space for their workers, today announced a $16 million investment round. Employees can reserve a desk next to a coworker through Gable’s portal, and the business can manage budgets and track employee satisfaction. The funding is co-led by SemperVirens

Sasol, a South African chemicals and energy corporation, has declared the establishment of Sasol Ventures as a means of advancing its 2050 net zero and decarbonization goals. The firm said last week that it will contribute $50 million to the fund over the following five years, making it the biggest

The demand for Software as a Service (SaaS) solutions in South Africa is being driven by the rising popularity of cloud-based services. SaaS accounts for more than 50% of all software sales and holds the largest proportion of the cloud service market. The Influencer Authority, Zappi, and other companies are

Copal, a fintech startup based in Cairo, has partnered with Mastercard, a leading provider of payment processing solutions, to introduce Egypt’s first family payment and spending management platform. With the integration of unbanked youth in the formal economy and the provision of a cashless experience for all family members,

Envisionit Deep AI, a healthtech startup based in Johannesburg and formed by pediatric radiologist Jaishree Naidoo, Terence Naidu, and Russian-born Andrei Migatchev, has raised $1.65 million in funding. Investors like New GX Ventures SA, a partnership of New GX Capital, RMB Ventures, and GIIG Africa, were welcomed by Envisionit

Kholo Capital Mezzanine Debt Fund 1 has obtained financing totaling $47.62 million (R870 million) for long-term mezzanine finance investment to assist expansion, job creation, and the advancement of transformation within mid-market businesses with operations in Southern Africa. Leading institutional investors, such as the National Fund for Municipal Workers, RisCura,

In order to solve transportation inequity, Planet42, an Estonian automobile subscription startup operating in South Africa, has raised $100 million in total in equity and debt financing. Together with participation from current and new investors, including Rivonia Road Capital, who also offered a $75 million credit facility, the $15 million