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MTN Launches Skills Academy to Close Digital Skills Gap in Zambia

MTN Launches Skills Academy to Close Digital Skills Gap in Zambia

In an effort to close the digital skills gap in Africa, MTN Group has introduced its flagship MTN Skills Academy in Zambia. The MTN Skills Academy is a free, online learning platform that was first unveiled at the Mobile World Congress in Kigali. The pan-African telecom is aggressively promoting the
Apr 28, 2023 2 min read
UAE fintech startup, Pyypl Launches Its Social, Micro-Investment Platform 

UAE fintech startup, Pyypl Launches Its Social, Micro-Investment Platform 

UAE-based fintech startup, Pyypl– pronounced “people” has officially launched its social micro-investment platform for entrepreneurs and micro-SMEs in Africa. The initial phase of the launch is a partnership with Kenya’s Tuk Tuk Operators Network (TTON), a pan-African mobility network connecting Tuk Tuk operators across 47 counties. Pyypl’s platform
Apr 28, 2023 2 min read
Zimbabwe Plans to Stabilize Currency Volatility Using a Gold-Backed Digital Currency

Zimbabwe Plans to Stabilize Currency Volatility Using a Gold-Backed Digital Currency

The central bank of Zimbabwe, the Reserve Bank of Zimbabwe (RBZ), has announced its plan to introduce a gold-backed digital currency. This initiative is a response to the current currency volatility in the country. The digital gold token will enable the Zimbabwean dollar to hold its value irrespective of foreign
Apr 27, 2023 4 min read
Motshidisi Ngaiti Discusses The Fundamentals Of E-commerce, Within Botswana, Africa

Motshidisi Ngaiti Discusses The Fundamentals Of E-commerce, Within Botswana, Africa

E-commerce, Fintech, Healthtech, you can name it, Africa has it, but can investors support them all? Without specific comparison, there are obvious signs that technology has had a massive impact on Africa’s development. In Health, Finance, Catering, Agriculture, and other sectors, the adoption of technology has secured the continent’
Apr 27, 2023 7 min read
How Fintech Can Improve Financial Inclusion in Algeria

How Fintech Can Improve Financial Inclusion in Algeria

Financial inclusion barely exists in Algeria thanks to the bureaucracy and inflexibility of the Algerian government which affects the emergence of fintech solutions. The country has a population of 45 million as of 2022, being the highest populated country in the Maghreb region of North Africa. However, as of 2022,
Apr 27, 2023 2 min read
Sun King Acquires PayGo to Provide Clean Cooking Solutions to Africans
Acquisition

Sun King Acquires PayGo to Provide Clean Cooking Solutions to Africans

Sun King, the largest off-grid energy company in Africa and Asia, has today announced the acquisition of PayGo Energy, a leading pay-as-you-go tech startup for clean cooking. This acquisition addresses the problem of the three billion people who depend on open wood fires and charcoal stoves to cook food, leading
Apr 27, 2023 3 min read
Capria Ventures Closes $100m Fund  to Invest in Africa, Middle East Startups 

Capria Ventures Closes $100m Fund  to Invest in Africa, Middle East Startups 

US-based Capria Ventures has closed its Global South Fund II, which aims to raise US$100 million. One of the leading investors in the fund is Gates Ventures founded by Bill Gates. Other institutional investors are Crystal Springs Foundation, OIP Investment Trust, Sall Family Foundation, Brakeman Family Trust, and two
Apr 27, 2023 1 min read
Maholla Consumer Rewards App Secures $1.5m Seed Fund

Maholla Consumer Rewards App Secures $1.5m Seed Fund

Talk about a reward for your purchase, talk about Maholla. The South African consumer rewards app makes its users giggle every time they make a purchase. Maholla recently acquired $1.5 million in seed capital to support the development of its data platform and retail-agnostic rewards system. This is a
Apr 26, 2023 3 min read
Etisalcom Partners With  Huawei to Strengthen ICT Services in Bahrain

Etisalcom Partners With  Huawei to Strengthen ICT Services in Bahrain

ICT solutions provider, Etisalcom Bahrain has partnered with Huawei to provide businesses in Bahrain with competitive cutting-edge technologies and state-of-the-art products. The goal of this strategic partnership is to transform Bahrain’s digital space. This partnership falls in line with the country’s vision of having a preeminent position in
Apr 26, 2023 2 min read
Analyzing the SAB Foundation R88m Impact Fund Launch

Analyzing the SAB Foundation R88m Impact Fund Launch

The SAB Foundation has launched an R88 million Impact Fund in collaboration with LEAD Impact Capital and the National Treasury’s Jobs Fund. This grant is intended to provide accessible finance to qualifying entrepreneurs who have completed SAB Foundation initiatives in South Africa. The Impact Fund bridges the gap in
Apr 25, 2023 3 min read
UAE Meterverse Platform Everdome Receives Additional Investment from GEM Digital Limited 

UAE Meterverse Platform Everdome Receives Additional Investment from GEM Digital Limited 

Emirati metaverse platform, Everdome has received additional investment from Bahamas-based digital 7asset investment firm, GEM Digital Limited (GEM). The fresh investment is an add-up of $50 million to the previous funding of $10 million last year, making a total of $60 million. In August 2022, GEM invested $10 million in
Apr 25, 2023 2 min read
What's Next for Mobile Money in Africa?

What's Next for Mobile Money in Africa?

Fintechs arose due to the banking system’s low penetration and insufficient banking infrastructure. African countries have historically been hampered by a low level of financial inclusion. However, as mobile phone and telecom services expanded in the region, mobile money services emerged, adding to the answers to Africa’s financial
Apr 25, 2023 3 min read
Convergence Partners Invests $10 Million in 42Markets Group

Convergence Partners Invests $10 Million in 42Markets Group

Convergence Partners, a private equity investor in the Sub-Saharan Africa tech industry has invested $10 million in 42Markets Group, a financial and capital markets fintech incubator and investment group. This investment follows the closing of Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million which surpasses its initial target by
Apr 25, 2023 2 min read
UAE Startup, Intellia Rolls Out AI Project Delivery Platform 

UAE Startup, Intellia Rolls Out AI Project Delivery Platform 

The UAE-based startup, Intellia has rolled out its Artificial intelligence-powered vetting and project delivery platform for finance, strategy and public policy. The startup provides on-demand, 24-hour remote analysts for businesses through its proprietary AI-driven analyst vetting, training and quality control platform. Founder and Chief Executive of Intellia, Saad Raja said,
Apr 25, 2023 2 min read
Saudi-based Proptech, Ajras Secures $533,000 in Pre-seed Round 

Saudi-based Proptech, Ajras Secures $533,000 in Pre-seed Round 

Saudi Arabian real estate technology startup Ajras has secured $533,000 in a pre-seed round from Angel investors. Headquartered In Riyadh, Ajras connects small and medium-sized companies with real estate owners by enabling entrepreneurs to search for real estate and choose their preferred property and its location via its platform.
Apr 24, 2023 2 min read
Analyzing I’M IN Ideation Incubator Launch for Black Women Techpreneurs in Gauteng

Analyzing I’M IN Ideation Incubator Launch for Black Women Techpreneurs in Gauteng

The I’M IN entrepreneurial programme has announced the launch of its Ideation Incubator, a three-month programme dedicated towards female students with innovative technology start-up ideas. With support from J.P.Morgan, the program’s objectives include giving eligible female students a R50,000 equity-free investment as well as assistance
Apr 24, 2023 3 min read
Can we Blame SVB’s Collapse for Luno’s Singapore Exit?

Can we Blame SVB’s Collapse for Luno’s Singapore Exit?

Luno, a South African-founded cryptocurrency exchange, is leaving Singapore. The company said in a statement, “We regret to inform you that from June 20, 2023, Luno services will no longer be available in Singapore.” Luno revealed earlier this year that it would be cutting its global workforce by 35%. It
Apr 24, 2023 2 min read
BambaLearn App Launches to Provide Edtech Solutions to Underserved Regions

BambaLearn App Launches to Provide Edtech Solutions to Underserved Regions

Afrika Tikkun Bambanani (ATB) has launched its edtech solution, the BambaLearn App. The app is an innovative solution aimed at transforming early childhood education in rural and underserved communities.  It will include an online assessment center to track student and teacher progress, as well as a data-free online screening tool
Apr 24, 2023 2 min read
Are Layoffs In The MENA Tech Space The Way Forward?

Are Layoffs In The MENA Tech Space The Way Forward?

The tech industry has witnessed massive layoffs due to reasons entrepreneurs such as unsteady economies. Thus, many of the world’s biggest technology companies such as Amazon, Microsoft, Twitter and Facebook and Google have cut off thousands of jobs. According to statistics compiled by Crunchbase about 131,000 workers in
Apr 24, 2023 2 min read
Capitec to Invest $77m in Digital Services

Capitec to Invest $77m in Digital Services

Capitec has revealed it will invest $77 million (R1.4 billion) in key projects, including digital services, as the bank looks to transition its consumers to cashless transactions. This was revealed this week when the bank reported its financial results. Capitec’s headline earnings increased by 15% to R9.7
Apr 20, 2023 2 min read
ABAN Launches Sector-focused Angel Networks for Smart Cities and Digital Trade Sectors 
Africa's digital trade sector

ABAN Launches Sector-focused Angel Networks for Smart Cities and Digital Trade Sectors 

The Africa Business Angel Network (ABAN) has launched two new angel networks to support startups in Africa’s smart cities and digital trade sectors. ABAN is the largest pan-African organization of angel investors, comprising more than 65 business angel groups with a combined 1,400 across 35 African countries, founded
Apr 20, 2023 2 min read
Spotlight on Accelerex, the Newly Named Africa's Top Fintech Company for Excellence in Commerce Enablement 
Accelerex

Spotlight on Accelerex, the Newly Named Africa's Top Fintech Company for Excellence in Commerce Enablement 

Accelerex, a leading African fintech company, was awarded the Excellence in Commerce Enablement Award at the Africa Fintech Summit 2023, which took place on April 12th in Washington DC. The award honors businesses that have made significant contributions to the growth and development of Africa’s fintech industry. Accelerex received
Apr 20, 2023 3 min read
Bank Zero to Provide Card Machines through Innovative Partnership with iKhokha

Bank Zero to Provide Card Machines through Innovative Partnership with iKhokha

Bank Zero, a digital-only bank, has announced a partnership with local fintech firm iKhokha. The Durban-based technology firm, founded in 2012 by Ramsay Daly, Clive Putman, and Matt Putman, will provide business customers with a card machine solution that links with Bank Zero’s zero-fee bank account. iKhokha, well known
Apr 20, 2023 2 min read
All You Need to Know About “The Falcons” - UAE's First Startup Funding Show

All You Need to Know About “The Falcons” - UAE's First Startup Funding Show

There’s no doubt that the United Arab Emirates (UAE) is a hub for businesses thanks to the steps it takes to cushion and support new startups. Due to the foundation laid by the UAE Government such as the zero tax system, pro-business government rules and visa regulations, the economy
Apr 20, 2023 2 min read
Kenya’s E-Commerce Startup, Copia Exits Uganda Due To Economic Downturn
Copia Global

Kenya’s E-Commerce Startup, Copia Exits Uganda Due To Economic Downturn

Copia Global, a Kenyan-based e-commerce startup, has announced its decision to shut down its operations in Uganda, citing economic challenges and constrained capital markets. The move is in line with the company’s effort to prioritize profit and double down on efforts to drive its founding business in Kenya to
Apr 19, 2023 1 min read
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