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What the End of the Load-Shedding Virus Spells for the Adoption of Electric Vehicle in South Africa

What the End of the Load-Shedding Virus Spells for the Adoption of Electric Vehicle in South Africa

Of the industrialized and developing nations that make up the G20, South Africa has the highest emission intensity. This jeopardizes its promise to decrease global warming. Eskom, the nation’s coal-dependent national electrical utility, is responsible for this disproportionate contribution. Its facilities emit 512 billion kg of carbon dioxide into

Why MENA is Now the Fastest Growing Crypto Market in the World

Why MENA is Now the Fastest Growing Crypto Market in the World

Over the years, the West has frequently been regarded as the world’s de facto technology capital, far outweighing emerging regions such as the Middle East and North Africa (MENA). However, with recent advances and outperforming in digital innovation and emerging technologies by MENA countries, there is a growing urgency

World Summit Awards Recognize Four South African Startups

World Summit Awards Recognize Four South African Startups

In recognition of their efforts to use innovation to improve South African communities, four homegrown digital start-ups have been selected to compete in the World Summit Awards (WSA). The global WSA project chooses and supports regional digital innovation to advance society. The Sustainable Development Goals of the UN are taken

Helicarrier Acquires Stake In Pan-African Fintech Firm, Accrue

Helicarrier Acquires Stake In Pan-African Fintech Firm, Accrue

Previously called Bitkoin Africa and later Buycoins, Helicarrier launched as a peer-to-peer bitcoin trading platform. Having merged its five products — Buycoins (a simple way to buy and sell cryptocurrency in Africa); Buycoins Pro (orderbook for advanced digital trading); Sendcash (crypto-powered remittance); Sendcash Pay (a suite of developer tools that let

Treepz, FEMADEC Group Partners, Launch ECO-FRIENDLY BUSES IN Nigeria

Treepz, FEMADEC Group Partners, Launch ECO-FRIENDLY BUSES IN Nigeria

Nigerian-established mobility startup, Treepz, in partnership with FEMADEC Group, has launched eco-friendly buses in Nigeria. This is part of the startup’s effort to “Go Green” an action that will support Nigeria’s contribution to the United Nations Sustainable Goals (SDGs). To achieve this launch, Treepz partnered with FEMADEC Express

Meta XR Exhibition Features Nigerian, Kenyan And Mauritius Among 6 winners

Meta XR Exhibition Features Nigerian, Kenyan And Mauritius Among 6 winners

Meta has revealed its exclusive XR exhibition which featured Six finalists from the programme it dubbed “Future Africa: Telling Stories, Building Worlds.” The programme was targeted at supporting creators in Africa especially the next generation of XR (Extended Reality) creators. The program which was developed with the partnership of Africa

40 Digital Credit Providers Listed For Alleged Data Breach Offence By Kenyan ODPC

40 Digital Credit Providers Listed For Alleged Data Breach Offence By Kenyan ODPC

The Kenyan Data Protection Commission (ODPC) has listed forty (40) Digital credit Providers (DCPs) in the East African nation over suspected personal data breach offences, among the listed are some of the racking DCPs in the country, including Branch and Tala. The allegation amounts to a serious offence, as a

Leading Payments Company, Flutterwave appoints Emmanuel Efenure as Head of Risk for Africa

San-Francisco-headquartered pan-African leading payment technology, Flutterwave has appointed Emmanuel Efenure as Head of Risk for Africa; a new unit bore from the Flutterwave Compliance Team — to see to “faster development and implementation of Risk initiatives.” The newly hired Efenure has significant years of experience in the banking sector having worked

Eke Urum's Risevest found guilty of sexual allegation, reinstates CEO position

Eke Urum's Risevest found guilty of sexual allegation, reinstates CEO position

In February 2021, former Head of Marketing, Risevest, Efe Uduigwomen published on Medium about the reasons she left her place of work — the investment company founded in 2019 by Eke Urum (Founder, and CEO as of August 2022); Bosun Olarenwaju (Co-founder and CTO) and Tony Odiba (Co-founder, Head of Product

August Fall Versus September Increase: What’s all the Hype on Startup Funding in September?

August Fall Versus September Increase: What’s all the Hype on Startup Funding in September?

Fundraising for the past 5 months has been a roller coaster for African startups. In June 2022, African startups made 36 fully disclosed raises totaling $426,280,000 million. This amount is a 2.4% decrease from May 2022’s $437,100,000. July brought the lowest startup funding of

Nigerian Mobile Payment Company, Paga Announces $14 billion in Transactions

Nigerian Mobile Payment Company, Paga Announces $14 billion in Transactions

Uk-based pan-African fintech company, Paga has announced its landmark N6.1 trillion (equivalent of $14 billion) made in transactions since January 2012, three years after it was founded. According to the Linkedin post seen by The Ouut, the company has significantly measured its growth per ₦2 trillion. “Total Processed Value

Kenyan Agency Banking,Tanda, Raises Pre-series A Funding

Kenyan Agency Banking,Tanda, Raises Pre-series A Funding

Tanda, an agency banking as a service provider in Kenya, is currently raising a pre-Series A round of funding to propel its customer acquisition and retention within Kenya and beyond, likewise its product development. Launched in 2018, Tanda gives shop owners access to inventory on credit while being an access

Liquid Dataport Acquires Capacity on Google’s Equiano Cable

Liquid Dataport Acquires Capacity on Google’s Equiano Cable

In South Africa, Liquid Dataport, a division of Cassava Technologies, will be providing much-needed access to reasonably priced internet. The South African economy will benefit from Liquid Dataport’s acquisition of a pair of fiber cables on Equiano, the new West coast submarine cable, which can deliver up to 12

South African Crowd-Farming Startup Livestock Wealth Raises $550k Funding Round

South African Crowd-Farming Startup Livestock Wealth Raises $550k Funding Round

Livestock Wealth, a crowd-farming firm in South Africa, has raised $550,000 (ZAR10 million) in capital as it prepares to expand across Africa. The Mineworkers Investment Company’s venture capital division, Khulisani Ventures, provided the funding (MIO). According to Khulisani Ventures, inventions and innovations are the engines that power the

Egyptian-born SaaS Startup, Glamera Receives $1.3M Seed to Scale and Expand in the GCC Markets

Egyptian-born SaaS Startup, Glamera Receives $1.3M Seed to Scale and Expand in the GCC Markets

Glamera, an Egyptian-born SaaS startup, has received $1.3 million in Riyadh Angels Investors (RAI)-led Seed Round with participation from Techstars Accelerator, Ithraa Venture Capital, 100 Ventures, Silicon Valley Venture “Lucrative Ventures” and Super Angel Investors, to continue developing and launching planned new services and expanding into additional GCC

World Bank Supports Egypt’s Quest for a Cleaner Logistics and Transport Sectors with $400M

World Bank Supports Egypt’s Quest for a Cleaner Logistics and Transport Sectors with $400M

World Bank has approved a $400 million development financing agreement to boost Egypt’s logistics and transportation sectors and support the transition to low-carbon transportation along the Greater Cairo Area (GCA) railway corridor. The Cairo Alexandria trade logistics development project will include the construction of a railway bypass to the

Sendy laysoff 20% of its Staff As It Changes Operations

Sendy laysoff 20% of its Staff As It Changes Operations

Kenyan logistics company, Sendy, has laid off more of its staff months after it had laid off 10% of its workforce, this was made known when the company revealed its decision to fully focus on fulfilment services and closed down its supply service. Reporters also made that confirmation as the

Mastercard Rolls Out New Crypto Fraud Protection Tool

crypto exchanges

Mastercard Rolls Out New Crypto Fraud Protection Tool

Mastercard, a global payment innovator and technology company, has announced the launch of ‘Crypto Secure,’ a tool designed to assist banks in identifying and blocking fraudulent transactions from crypto exchanges. Crypto Secure’ is powered by CypherTrace, a California-based startup cryptocurrency intelligence and blockchain analytics firm acquired by Mastercard in early

Ghanaian logistics, Swiftly, Seeks Funding for Expansion

Ghanaian logistics, Swiftly, Seeks Funding for Expansion

Swiftly, a Ghanaian logistics startup has built a reputation and a solid market presence for itself since it launched, now it is seeking capital funding to push its international expansion project. Launched in 2016, the logistics startup provides users access to compare statements from its network of shipment forwarders, book

Cars.co.za invests $140k in Sun Exchange’s Solar Cells

Cars.co.za invests $140k in Sun Exchange’s Solar Cells

To promote renewable energy in South Africa, solar leasing company Sun Exchange and online auto marketplace Cars.co.za have partnered. Today, Sun Exchange revealed that the automotive platform had invested in a project to supply Karoo Fresh, a commercial farm in South Africa’s Karoo province, with off-grid solar

Pillow Fund Launches Interest Generating Savings App in Nigeria

Pillow Fund Launches Interest Generating Savings App in Nigeria

Pillow Fund, an Indian crypto investment company, has made its new product service launching in Africa with Nigeria as its landing location. While making investments in well-supervised and actively managed DeFi methods or strategies, Pillow fund has given its users access to yield downside-protected interest on their digital assets. According

ZenHR, an HR Software Startup, Secures $10M to Scale its Operations across MENA

Endeavor Catalyst

ZenHR, an HR Software Startup, Secures $10M to Scale its Operations across MENA

ZenHR, a MENA-focused human resource technology start-up has secured $10 million in Rua Growth Fund-led growth funding round with the participation of existing regional and global funds and investors, including Endeavor Catalyst to scale up its operations across the MENA region. The Riyadh-based startup offers products covering automated payroll calculations,

ANGLO AMERICAN AND EDF RENEWABLES PARTNER TO FORM ENVUSA ENERGY IN SOUTH AFRICA

ANGLO AMERICAN AND EDF RENEWABLES PARTNER TO FORM ENVUSA ENERGY IN SOUTH AFRICA

Envusa Energy, a new jointly owned firm to be formed by Anglo American and EDF Renewables, will be responsible for creating a regional renewable energy ecosystem (RREE) in South Africa. A Memorandum of Understanding between the two businesses was signed in March 2022 to explore the ecosystem’s growth and

Nigerian Advertising Regulatory Body, ARCON Sues Meta for $72.3 Billion over Breach of Laws

Nigerian Advertising Regulatory Body, ARCON Sues Meta for $72.3 Billion over Breach of Laws

The Advertising Regulatory Council of Nigeria (ARCON) has filed a lawsuit against Meta Platforms Incorporated, owners of Facebook, Instagram, and WhatsApp alongside its Nigerian public relations agency, AT3 Resources at the Federal High court based in Abuja, Nigeria. “ARCON is seeking a declaration that the continued publication and exposure of