• Home
  • About
  • AI Center
Sign in Subscribe

Africa Investment Forum Draws $31B Investor Interest

Africa Investment Forum Draws $31B Investor Interest

African and international investors have expressed interest in investing $31 billion at Africa’s top investment venue, the Africa Investment Forum Market Days. The forum has attracted a total of $63.8 billion in investment interest this year, including $32.8 billion from the postponed 2021 market days that were
Nov 8, 2022 2 min read
Talk360 to Launch Africa-wide Payment Platform

Talk360 to Launch Africa-wide Payment Platform

Talk360 has announced it will debut its own payment platform next year. The platform will be the world’s first single checkout integrating all local currencies and payment methods across the African continent. Additionally, it’s not just limited to Talk360; it will make it simple for businesses to connect
Nov 8, 2022 2 min read
Black Girls in Tech Partners Cisco to Launch Cyber Academy

Black Girls in Tech Partners Cisco to Launch Cyber Academy

In collaboration with Cisco, UK-based organization Black Girls in Tech has unveiled its brand-new cyber academy with the goal of increasing the participation of women in the technology sector. Following the second Lagos conference, Tap into Tech, which featured high-level discussions on cybersecurity, product, engineering, research, and design, the cyber
Nov 8, 2022 2 min read
Crypto Exchanger, Binance Now Allows Users to Deposit and Withdraw in Naira

Crypto Exchanger, Binance Now Allows Users to Deposit and Withdraw in Naira

Binance, the world’s largest crypto exchanger, announced on Monday, November 7, 2022, in a rather surprising move, that Nigerians can now deposit and withdraw Naira to and from their wallets. According to a statement from the crypto exchanger, the decision to add a fiat gateway for the naira is
Nov 8, 2022 1 min read
Nigerian Data and Intelligence Company, Stears launches data product, Stears Election ahead of 2023 general elections
Stears

Nigerian Data and Intelligence Company, Stears launches data product, Stears Election ahead of 2023 general elections

Pan-African data insight company, Stears has announced the launch of its new product, an open data project called Stears Election to disclose real-time election results. This is in its drive to reveal live data of the Nigerian general elections since 2019 when it made the record of building the first-ever
Nov 8, 2022 3 min read
Egyptian FoodTech Brotinni Secures Seed Funding Of $600,000

Egyptian FoodTech Brotinni Secures Seed Funding Of $600,000

Brotinni, an Egypt-based Foodtech establishment has revealed its success in securing $600,000 in its recent Seed fundraising. The investment is meant to properly tech-enable the business, the raise was led by Innlife investment. Brotinni was launched in 2020 and founded by Dalia Abou Omar. The foodtech provides a platform
Nov 8, 2022 1 min read
Signal Launches Stories Feature
Signal

Signal Launches Stories Feature

Signal, an encrypted instant messaging platform has launched a new Stories feature for all users on Android and iOS, the company announced on Monday. The feature was first announced last month on the Signal community forum, where it was initially made available to Signal’s beta testers. Now, the feature
Nov 8, 2022 2 min read
Xiaomi Opens First Physical Store at Sandton City Mall in South Africa
Business

Xiaomi Opens First Physical Store at Sandton City Mall in South Africa

Xiaomi, a Chinese producer of consumer goods, has opened its first physical location in South Africa over the weekend, taking a page from the playbook of its rival. This comes after the company stated that it wanted to grow its market share in SA in order to eventually unseat Huawei
Nov 8, 2022 1 min read
Algerian Startup Yassir Secures Series B Funding Of $150 million

Algerian Startup Yassir Secures Series B Funding Of $150 million

Yassir, an Algerian startup, with expertise in the provision of e-commerce, telemedicine, reide-hailing and travel services, has revealed it success in securing a Series B funding to the tune of One hundred and Fifty million US dollars ($150 million). According to the startup, the round was led by BOND, while
Nov 8, 2022 2 min read
Eden Care, Rwanda’s Digital Health Insurer, Secures Pre-Seed Funding
DOB Equity

Eden Care, Rwanda’s Digital Health Insurer, Secures Pre-Seed Funding

Eden Care, a Rwandan-licensed digital health insurer has secured a pre-Seed funding round from DOB Equity, Seedstars International, Norrsken Foundation, and Bathurst Capital. Commenting on the funding round, Moses Mukundi, CEO and Founder of Eden Care, said “Eden Care was founded to create the kind of health insurance we wanted
Nov 8, 2022 2 min read
Electric Mobility; The African Messiah?

Electric Mobility; The African Messiah?

In 2015, the United Nations came up with seventeen (17) Sustainable development Goals (SDGs) to provide solutions to pending poverty, deaths, inequality, climate change and sicknesses in Africa. The SDGs would include : 1. No Poverty 2. Zero hunger 3. Good health and well-being 4. Quality education 5. Gender equality 6.
Nov 8, 2022 5 min read
Jumia Group Co-Founders, Sacha Poignonnec and Jeremy Hodara Step Down as Co-CEOs
e-commerce

Jumia Group Co-Founders, Sacha Poignonnec and Jeremy Hodara Step Down as Co-CEOs

Jumia Group co-founders, Sacha Poignonnec and Jeremy Hodara have stepped down as Co-CEOs of the e-commerce firm. The two co-CEOs announced this in separate LinkedIn posts. According to a company statement, Francis Dufay, the Executive Vice President for Africa and former CEO of Ivory Coast, will now serve as acting
Nov 7, 2022 2 min read
Nigerian Fintech Awards Reward Individuals and Firms with Special Recognition Award
NIBSS

Nigerian Fintech Awards Reward Individuals and Firms with Special Recognition Award

Nigerian Fintech Awards, organized by one of Africa’s oldest and most influential financial technology publications, Fintech Africa, over the weekend rewarded the best in the Nigerian Fintech industry. The event, now in its tenth year, was held on Friday, November 4th at the prestigious Oriental Hotel to recognize excellence
Nov 7, 2022 2 min read
Lagos Digital Summit (LDS) to hold 6th edition, features key industry professionals 
Adewale Adetona

Lagos Digital Summit (LDS) to hold 6th edition, features key industry professionals 

Launched in 2017 by Adewale Adetona popularly called iSlimfit, the Lagos Digital Summit (LDS) is an annual event that focuses on the development of digital media enthusiasts and business leaders. Themed “Scaling Businesses leveraging Digital Technology”, the Lagos Digital Summit is set to hold its 6th edition by 10 AM
Nov 7, 2022 1 min read
On-demand mobility solution company, Max expands to Ghana, aims at consolidating its EV product in Africa 
Electric Vehicle

On-demand mobility solution company, Max expands to Ghana, aims at consolidating its EV product in Africa 

Popular for its ride-hailing services in Nigeria but originally launched as a logistics startup, Metro Africa Xpress Inc. (MAX) has transitioned to a fully-fledged transportation solutions provider and provider of electric vehicles (EV) in Africa. In 2021, it announced its plan to drive its services across Africa with its $31
Nov 7, 2022 2 min read
Eskom receives Over $500M from World Bank for Komati Power Station Restructuring

Eskom receives Over $500M from World Bank for Komati Power Station Restructuring

According to Eskom, the over $500M (R9 billion) World Bank concessional loan accepted for the Komati Power Station restructure is a “major milestone” towards the development of renewable energy. The coal-fired power plant was shut down last week after at least 60 years of service to the nation, and it
Nov 7, 2022 2 min read
ZimSat-1, Zimbabwe’s 1st Satellite finally Launches
Satelite

ZimSat-1, Zimbabwe’s 1st Satellite finally Launches

Finally, Zimbabwe’s first orbiting satellite, ZimSat-1, has been launched. ZimSat-1 was scheduled to go into space alongside other payloads yesterday, Sunday, November 6. However, a fire alarm prior to the launch presented a problem, which forced the launch to be postponed to Monday, November 7, at 12.27 am.
Nov 7, 2022 2 min read
Astrosoft partners Bayelsa Tech Hub, GDG Yenagoa, The Artsassin and others to host the biggest tech gathering in South-South Nigeria
Game and Tech Fest

Astrosoft partners Bayelsa Tech Hub, GDG Yenagoa, The Artsassin and others to host the biggest tech gathering in South-South Nigeria

Astrosoft, a leading ICT firm based in Bayelsa state has partnered with the Bayelsa Tech Hub (powered by Bank of Industry) and Google Developers Group (GDG) Yenagoa to host the biggest tech gathering in South-South Nigeria tagged Game and Tech Fest 2022. The Game and Tech Fest 2022 which is
Nov 7, 2022 2 min read
Online Shopping Website, Raru, Stops Operations
Business

Online Shopping Website, Raru, Stops Operations

A report from Raru’s website has stated that it is no longer accepting orders. Following months of consumer complaints about orders not being delivered on time and refunds not being processed promptly, it was shut down. On October 24, Raru also experienced an eight-hour downtime, which sparked rumors that
Nov 7, 2022 2 min read
Kenyan’s DTB Rolls Out a Dedicated Account for Women-owned SMEs
Business

Kenyan’s DTB Rolls Out a Dedicated Account for Women-owned SMEs

Diamond Trust Bank (DTB), an African banking group with operations in Burundi, Kenya, Tanzania, and Uganda, has rolled out Zawadi, a dedicated bank account for women running Small and Medium Enterprises in Kenya. The account is intended to provide women entrepreneurs with access to favorable credit terms as their businesses
Nov 7, 2022 1 min read
Telkom Sue MetroFibre Networx for Illegally Accessing its Fiber
Business

Telkom Sue MetroFibre Networx for Illegally Accessing its Fiber

MetroFibre Networks is being charged by Telkom for illegally accessing its fiber network. To settle the dispute, Telkom had submitted a petition against MetroFibre Networx to South Africa’s independent communications authority (ICASA). The Complaints and Compliance Committee (CCC) of ICASA was scheduled to hear the dispute between the quarreling
Nov 7, 2022 2 min read
Analyzing Africa’s October Startup Funding

Analyzing Africa’s October Startup Funding

If there was an emoji to describe the African tech funding scene in recent times, it should look like this: (ಠ_ಠ). You should probably look that symbol up online; it looks better there. Venture funding has sunk to new lows over the months; also visible in October startup funding,
Nov 6, 2022 2 min read
Paratus to Build OneWeb Gateway in Angola for LEO Satellite Services
Business

Paratus to Build OneWeb Gateway in Angola for LEO Satellite Services

A gateway will be built in Luanda, Angola, by the Paratus Group and OneWeb as part of a multi-year arrangement that will go into effect in the second half of 2023. The gateway, which is the first of several planned for Africa, will reportedly offer low Earth orbit (LEO) satellite
Nov 5, 2022 1 min read
MFS Africa Granted three Payment Licenses by the Central Bank of Uganda
Beyonic

MFS Africa Granted three Payment Licenses by the Central Bank of Uganda

MFS Africa, a pan-African digital payments platform has been granted three licenses by the Central Bank of Uganda. With the licenses, the company will be able to broaden and deepen its offering in Uganda. The PSP (Payment Service Provider), PSO (Payment Systems Operator), and IPI (Issuer of a Payment Instrument)
Nov 4, 2022 2 min read
MTN Edges Closer to Disposing Afghan business for$35M
Business

MTN Edges Closer to Disposing Afghan business for$35M

Africa’s largest mobile operator, MTN, is selling its Afghanistan operations to M1 New Ventures of Lebanon for $35 million (R637 million). The telco revealed this today when it released its financial results for the third quarter that ended on September 30, which finished the quarter. “As part of an
Nov 4, 2022 1 min read
← Newer Posts Page 60 of 155 Older Posts →
© 2025
  • Sign up
  • Advertise with us
  • Cookie Policy
  • Privacy Policy
Powered by Ghost