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Lagos-French government to set up E-sports in bilateral agreement

Lagos-French government to set up E-sports in bilateral agreement

Governor of Lagos State, Babajide Sanwo-Olu has signed a memorandum of understanding (MoU) with the French government on Friday through its ambassador to Nigeria, Mrs Emmanuelle Blatmann to enable professional electronic sports (E-sports) players to engage in real-time virtual communities while encouraging youth participation in the state. The MoU was

MTN Building Private 5G Networks for Mines and Ports

MTN Building Private 5G Networks for Mines and Ports

According to the Sunday Times, MTN is constructing private 5G networks for 14 businesses in South Africa’s mining and port industries. These networks will give the businesses assured capacity and coverage for their operations. Private networks, according to Charles Molapisi, CEO of MTN South Africa, are an “interesting” area

Amazon to Expand Across Egypt

Amazon to Expand Across Egypt

Amazon Egypt, the Egyptian branch of the world’s leading e-commerce company, Amazon, is ramping up plans to expand its operations throughout Egypt. The plan was revealed during a meeting between Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones (GAFI), and Omar Al-Sahy, Director-General of

10 Lenders Approved By Central Bank Of Kenya

10 Lenders Approved By Central Bank Of Kenya

In a recent development that has the Central Bank of Kenya (CBK) declare a cease of operations of digital lenders who are not registered with the CBK. Here are the only approved digital lenders the CBK approved of. 1. Ceres Tech Limited 2. Getcash Capital Limited 3. Giando Africa Limited,

Stax Secures $500k Funding from SDF Fund to Enable Borderless Payment in Africa

Stax Secures $500k Funding from SDF Fund to Enable Borderless Payment in Africa

Stax, a universal money app created by Hover Developer Services, Inc., has received a $500,000 investment from the Stellar Development Foundation (SDF) through its Matching Fund. SDF introduced a $30 million matching fund in March 2022 to support Blockchain-based startups. The Fund is intended for pre-seed to Series B

6G Will Come Faster than Expected. 5G Might Just be a Forerunner

6G Will Come Faster than Expected. 5G Might Just be a Forerunner

While many African countries are yet to decide on adopting 5G, LG seems to be in the lead in the conflict after announcing the successful testing of wireless 6G terahertz (THz) data transmission and reception over a distance of 320 meters in a frequency range of 155 to 175 GHz.

Huawei Cloud to enable 10,000 Startups through its Huawei Cloud Accelerator

Huawei Cloud to enable 10,000 Startups through its Huawei Cloud Accelerator

At its Global Startup Founders Summit in Shenzhen, Huawei Cloud declared its dedication to creating a global startup ecosystem (Huawei Cloud Accelerator) that will hasten the expansion of the ICT industry. Over the next three years, it is anticipated that this ecosystem, which consists of three core projects, will support

Kenya’s insurtech Turaco raises $10m series A funding

Kenya’s insurtech Turaco raises $10m series A funding

Insurance technology company, Turaco has raised $10 million in series A funding. This was led by AfricInvest via its Cathay Africinvest Innovation Fund (CAIF) and second time investor, Novastar ventures. Others include Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack, Asi Ventures Limited and Push Ventures. This has brought its

Villgro Africa Invites African Health Techs with Innovative Solutions to Apply for $20K Reward, Support

Health Tech Startups

Villgro Africa Invites African Health Techs with Innovative Solutions to Apply for $20K Reward, Support

Villgro Innovations Foundation, an early-stage business incubator and impact investor that provides mentorship, funding, and network access to startups in the healthcare and life sciences sectors across Africa, is inviting health tech startups to apply for funding and support totaling $20,000. With the launch of Villgro Kenya in 2017,

Cameroonian Startup, Mungenow Launches a Verified Guest House-Booking Platform

Cameroonian Startup, Mungenow Launches a Verified Guest House-Booking Platform

Mungenow Technologies, a Cameroonian-based startup, has launched a guest house-booking platform with listings across the Cameroonian cities of Buea, Limbe, Douala, Yaounde, and Kribi, to connect travelers across Cameroon’s major cities and eventually the rest of Africa to find verified, affordable and reliable accommodation during their trip, as well

GroDesto, Algerian Logistics Platform, Raises $1.4M via a Public Offering to Scale

GroDesto, Algerian Logistics Platform, Raises $1.4M via a Public Offering to Scale

GroDesto, an Algerian-based logistics platform has announced its successful raising of $1.4 million through a public offering from 106 frugal subscribers spread throughout the country to become a joint stock company. The startup will use the funds to finance its logistics distribution platform, which consists of a mobile application

SafeSenda Launches Easy-To-Use Crypto Conversion App

SafeSenda Launches Easy-To-Use Crypto Conversion App

SafeSenda, a Nigerian startup has launched a mobile application that eases the ability to manage, convert exchange, settle and spend cryptocurrencies and even hold it in a naira bank account. Co-founded in early 2022, by Ikechukwu Ukaegbu and Nkechi Iyke-Ukaegbu the launched app makes managing and converting digital assets (crypto)

Kotani Pay, Korix, 8 Other Ventures To Pitch At Africa Money And Defi Summit

Kotani Pay, Korix, 8 Other Ventures To Pitch At Africa Money And Defi Summit

As the Africa Money and Defi Summit will be coming up on the 27th-28th of September 2022, in Accra Ghana, Kotani Pay, KORIX and eight other African ventures have chosen to pitch their innovations live on stage. The event will have the presence of top fintechs, crypto platforms, investors, and

Ghanian Health-tech, mPharma Buyout Nigerian Pharmacy Chain, HealthPlus

Ghanian Health-tech, mPharma Buyout Nigerian Pharmacy Chain, HealthPlus

Ghanian Health-tech startup, mPharma, has acquired one of Nigeria’s largest pharmacy chains, HealthPlus. This development was revealed by mPharma’s Co-founder and CEO, Gregory Rockson, in an interview with Journalists. mPharma is one of Africa’s leading health-tech. mPharma had gone into contract with HealthPlus previous investor, Alta Semper,

Rain Announce Plans to Launch Mobile 5G by 2023

Rain Announce Plans to Launch Mobile 5G by 2023

In the upcoming year, Rain intends to release a mobile 5G solution, according to Johan van Zyl, co-CEO of shareholder African Rainbow Capital (ARC). During an interview with MyBroadband, Van Zyl also revealed further information regarding Rain’s aspirations to expand its fixed 4G and 5G capabilities. He clarified that

Grindstone and EnterpriseSG team up to bring Singapore Startups to South Africa

Grindstone and EnterpriseSG team up to bring Singapore Startups to South Africa

Partnering with Enterprise Singapore (EnterpriseSG), South African-based accelerator Grindstone has launched a pilot initiative that may allow Singaporean tech start-ups access to the South African market. According to a press statement obtained by TechCabal, the program will be administered by the Global Innovation Alliance (GIA), a network of Singapore and

Uber, Bolt among other ride-hailing companies face strict regulations in Kenya

Uber, Bolt among other ride-hailing companies face strict regulations in Kenya

Kenya National Transport and Safety Commission (NTSA) has embarked on the move to enforce its 18% commission cap on ride-hailing companies – Bolt, Uber and Little – in the country. According to Uber, the company cannot agree with the stipulated commission because it is 7% lesser than its current charge of 25%

Ethiopian Government Launches Venture Meda Project To Support Startups

Ethiopian Government Launches Venture Meda Project To Support Startups

Venture Meda a five-year program has been launched by the the Ethiopian Ministry of Innovation and Technology (MInT) in collaboration with the Mastercard Foundation and Iceaddis. The aim of the program is to increase job creation in the nation, therefore supporting startups with funding and a growth guide. Officially the

MTN's MoMo to pay customers UGX 5.7 billion

MTN's MoMo to pay customers UGX 5.7 billion

Mobile Telecommunication Company MTN’s subsidiary, MoMo Uganda, a mobile money platform has scheduled to pay its Ugandan customers UGX 5.7 million ($1,496.95) for the second quarter (April to June) of 2022. Following the enactment of the National Payment Systems (NPS) Act, 2020, MTN Uganda’s telco

KoinKoin exceeds $40m, plans global expansion

Africa digital economy

KoinKoin exceeds $40m, plans global expansion

Africa’s digital assets exchange company, KoinKoin has revealed its plan for global expansion after it exceeded $40 million revenue in over-the-counter (OTC) transactions. The fintech company launched in 2017 by Ola Atose enables users to buy, sell and transfer digital assets round-the-clock across Africa, Southeast Asia and Western Europe

As the Ethereum Merge Complete, We Torchlight What it means for African Users

As the Ethereum Merge Complete, We Torchlight What it means for African Users

The Ethereum Blockchain, the second-largest cryptocurrency behind bitcoin, is set to start undergoing a significant update. Known as the “merge,” Ethereum is converting to proof of stake, a more energy-efficient technique of authenticating platform transactions. According to Greg King, founder and CEO of Osprey Funds, the update is comparable to

MVP Match, a Tech Talent Marketplace, Secures $5M Seed Funding to Build New Hubs in Africa and Europe

MVP Match, a Tech Talent Marketplace, Secures $5M Seed Funding to Build New Hubs in Africa and Europe

MVP Match, a German-based tech talent marketplace, has secured $5 million in seed funding from Stage 2 Capital to expand its strategy of connecting companies with talent from around the world. The startup will use the funds to establish new hubs in Africa and Europe, expand its team, and re-launch

Flutterwave adopts eNaira as payment option in Nigeria

Flutterwave adopts eNaira as payment option in Nigeria

Africa’s leading fintech company, Flutterwave has announced the adoption of eNaira, Nigeria’s digital currency as part of its payment option asides cards, bank transfers, Barter by Flutterwave, etc — for merchants. The eNaira noted to be the first digital currency in Africa was launched on October 25 2021 as