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Lazerpay is driving the growth of businesses in Africa with its blockchain- enabled payment gateway

Lazerpay is driving the growth of businesses in Africa with its blockchain- enabled payment gateway

Commerce across Africa is fragmented because currencies are different. According to the World Bank, approximately 41 currencies are serving Africa’s 54 countries. This fragmentation has made moving money across borders over time, effectively preventing businesses from expanding their reach. Lazerpay is driving the growth of businesses in Africa with

AfDB Leads $20 Million Investment to Expand Covid-19 Off-Grid Recovery Platform

AfDB Leads $20 Million Investment to Expand Covid-19 Off-Grid Recovery Platform

The Covid-19 Off-Grid Recovery Platform (CRP) second phase will be supported by a $20 million concessional investment that has been approved by the African Development Bank Group (AfDB). The CRP is a blended finance program that aims to provide access to private capital for energy access businesses in order to

Mastercard Expands Advisors Client Services Hub in Egypt to Support the Region’s Digital Transformation

Advisors Client Services Hub

Mastercard Expands Advisors Client Services Hub in Egypt to Support the Region’s Digital Transformation

Mastercard, a global payments technology company, has announced the expansion of its Advisors Client Services Hub from Egypt to serve regional and global markets. The expert team facilitates innovative financial and payment solutions spanning cutting-edge financial trends such as Buy-Now-Pay-Later (BNPL), open banking, cybersecurity, and data monetization, to establish Egypt

MultiChoice Slashes Prices for DSTV Streaming-only and Showmax Pro

MultiChoice Slashes Prices for DSTV Streaming-only and Showmax Pro

The cost of DSTV streaming-only subscriptions will be reduced, according to a statement from MultiChoice, effective right away. At the company’s annual media showcase on Thursday, MultiChoice South Africa CEO Nyiko Shiburi made the pricing reductions official. At the end of 2020, MultiChoice launched its own streaming service, DSTV

Rechi, a Taiwanese Manufacturer, Partners With El-Araby Group to Build a $33M AC Factory in Egypt

Rechi, a Taiwanese Manufacturer, Partners With El-Araby Group to Build a $33M AC Factory in Egypt

Rechi, a Taiwanese manufacturer, is partnering with El-Araby Group, an Egyptian-based home appliances dealer, to build a $33 million air-conditioning compressor factory with a production capacity of 6 million compressors annually, with operations expected to begin in 2024, according to a statement from Egypt’s Ministry of Trade and Industry.

South African, Leslie Maasdorp joins Binance’s Global Advisory Board

South African, Leslie Maasdorp joins Binance’s Global Advisory Board

Leslie Maasdorp, a South African investment banker, is one of the eleven financial experts Binance recruited to its newly formed Global Advisory Board. The board’s members include seasoned professionals and authorities in public policy, politics, economics, finance, and corporate governance. Max Bacus, a former US senator and ambassador to

South Africa's Blue Label Telecoms Secures Cell C Restructuring Deal

South Africa's Blue Label Telecoms Secures Cell C Restructuring Deal

To improve its finances and liquidity, South Africa’s Blue Label Telecoms announced on Thursday that it has reached an agreement to restructure and refinance mobile operator Cell C’s 7.3 billion rand ($411 million) debt. A crucial and final element in Cell C’s rescue plan, which also

Bike-hailing business perils in Nigeria

Bike-hailing business perils in Nigeria

According to a 2021 data by Statista, Nigeria is the largest economy in Africa with its Gross Domestic Product (GDP) at $441. 54 billion preceding South Africa and Egypt with GDP valued at $418.02 billion and $402.84 billion respectively. In the same vein, tech startups in Africa raised

Meta Partners with Salesforce for Seamless Customer Connection Through Whatsapp

Meta Partners with Salesforce for Seamless Customer Connection Through Whatsapp

The world’s leading CRM platform, Salesforce, and social media giant Meta have partnered to enable many more businesses to use WhatsApp to engage with their customers easily. Mark Zuckerberg in a post stated that Meta was partnering with Salesforce so all companies using their platform may utilize WhatsApp business

YouTube to give 45% of ad revenue to 'Shorts' creators

YouTube to give 45% of ad revenue to 'Shorts' creators

Creators of YouTube Shorts will soon be able to monetize their short-form videos thanks to an announcement from the Google-owned platform that it will add advertising to Shorts and offer creators 45% of the ad revenue. According to Gadgets360, YouTube’s move comes amid escalating TikTok competition. The 45% to

Assistive Technology; an Aid to Formal Education Acquisition For Student with Disabilities

Assistive Technology; an Aid to Formal Education Acquisition For Student with Disabilities

Education has become a priority in our society, we are required to acquire knowledge that pertains to our needs, growth, and development in various aspects of our lives. Yet with the evolution of information, skills, career and tools, it is important to catch up and remain updated. This is quite

Lucky and City Edge Partner to Provide Customers with Digital Payments Options

Lucky and City Edge Partner to Provide Customers with Digital Payments Options

Lucky Egypt, a fintech startup that offers financial services, credit products, offers, and cashback rewards to Egyptians and indeed the entire Middle East region through its App has today signed a cooperation partnership with an Egyptian real estate developer, City Edge. Under this partnership, City Edge’s customers will be

South Africa Drafting laws for Networks and Electronic Communication

South Africa Drafting laws for Networks and Electronic Communication

Nkosazana Dlamini-Zuma, the minister for cooperative governance and traditional affairs, has released standard draft bylaws for the use of electronic communication and facilities for public comment. The proposed by-laws contain a general application procedure for wayleaves, which have in the past caused fiber rollouts to be delayed and costlier to

Egypt Gradually Becoming the Preferred Offshoring Hub for BPO and ITO

business and technology services

Egypt Gradually Becoming the Preferred Offshoring Hub for BPO and ITO

Egypt with a population of about 102 million people has invariably positioned itself to become a major hub of business and technology services to Western companies. Hence, the North African country has become one of the leading business process outsourcing (BPO) and information technology outsourcing (ITO) destinations in the global

African Women Impact Fund Launches with $60 Million Commitment to Drive Inclusive Investment

African Women Impact Fund Launches with $60 Million Commitment to Drive Inclusive Investment

The initial pledge of USD$60 million for the African Women Impact Fund (AWIF) Initiative has been fulfilled, according to news released by the Economic Commission for Africa (ECA) and Standard Bank Group. The African Union Commission, the Motor Industry Retirement Funds (MIRF), the Arab Bank for Economic Development in

Amazon's River Club Project Developer Score another Victory at the Western Cape High Court

Amazon's River Club Project Developer Score another Victory at the Western Cape High Court

Developers of the R4.6 billion ($270M) multi-use River Club project in Cape Town, which will house Amazon’s future South African headquarters, have beaten development opponents once more. A request for an interdict against ongoing building at the location off of the Western Cape High Court list was rejected

Araka Launches Driver Aid Mobile App

Araka Launches Driver Aid Mobile App

Araka, a Kenyan mobility-focused startup has launched a mobile application that aims to provide applicable solutions to challenges logistics drivers and on-demand mobility face. Araka was co-founded by Drake Smith, Emmanuel Maingi, and Michael Kariamu. it was launched as a fintech, mobility and logistics company platform that supports digitally enabled

A Changed Narrative: How Social Processes Commonized Startup Growth among African Startups

A Changed Narrative: How Social Processes Commonized Startup Growth among African Startups

Africans were unfamiliar with the idea of startups decades ago. The people would readily adhere to a set system to offer clients services or goods, following traditional patterns. But that is not the case anymore as African startups have disrupted the old ways and bringing about a systemic improvement in

Jumia Opens Integrated Warehouse In Nairobi

Jumia Opens Integrated Warehouse In Nairobi

Africa’s leading eCommerce startup, Jumia, has newly opened an integrated warehouse in Nairobi, Kenya, one of its East African locations. It is believed the opening is made to boost its customer’s shopping experience. The warehouse was also established to assist the company to evolve its Jumia Express Operations

Byld Ventures raises $15 million fund to back fintechs in Africa

Byld Ventures raises $15 million fund to back fintechs in Africa

Early-stage investment firm, Byld Ventures has announced its new close of $15 million fund launched in May 2022 to support fintechs in Africa. This comes after the fund reached its first close in June and its second close at $10 million in August. The fund is backed by the Dubai

Chat Commerce platform, Clickatell partners with CBN to enable offline banking

Chat Commerce platform, Clickatell partners with CBN to enable offline banking

Chatting commerce platform, Clickatell has announced in a press release on Monday about its partnership with the Central Bank of Nigeria (CBN). The partnership is geared towards the e-Naira Central Bank Digital Currency (CBDC) in order to ensure financial inclusion to Nigerians by launching a USSD channel. E-Naira, also known

Exits.me, Egypt’s Fintech Investment Banking Marketplace Raises $1M Pre-Seed Round

Baseeta Investments Holding

Exits.me, Egypt’s Fintech Investment Banking Marketplace Raises $1M Pre-Seed Round

Exits.me, Egypt’s fintech investment banking marketplace, has raised $1 million in a pre-seed round of funding. The round is funded by Exits.me in the United Kingdom, a group of notable Egyptian angel investors (including Omar Amer, Abdulmuguid Amer, Omar Wagdy, Adham Wagdy, and Ayman Essawy), Baseeta Investments

Remedial Health Raises Seed Funding Of $4.4 million

Remedial Health Raises Seed Funding Of $4.4 million

Remedial Health, a Nigeria health-tech startup has revealed its latest feat, the raising of seed funding to the tune of Four million, Four hundred thousand US dollars ($4.4 million). This raise is meant to expand the startup presence across the nation and also to other West African and East

Nedbank Acquires Property in Non-existent Ubuntuland Metaverse

Africarare metaverse Ubuntuland

Nedbank Acquires Property in Non-existent Ubuntuland Metaverse

By purchasing virtual property in Africarare’s Ubuntuland Metaverse, which does not yet exist, Nedbank has become the most recent significant South African corporation to join the non-fungible token (NFT) mania. In order to become the first African financial services organization to enter the Metaverse, the bank claimed to have

Chefaa and Neqabty Partner to allow their Customers to Seamlessly Order all their Medicine and pharmacy Needs

Chefaa and Neqabty Partner to allow their Customers to Seamlessly Order all their Medicine and pharmacy Needs

Chefaa, an Egyptian-based healthtech startup, has announced a strategic partnership with Neqabty, a Fintech community-based solution aimed at bridging the gap between syndicates and their members by automating their services and empowering them with various payment solutions via an accessible platform. The partnership provides NEQABTY users with a new way