5G

MTN partners with Ericsson, pioneers 5G launch in Nigeria

In a press release on September 19, leading US 5G network provider, Ericsson has revealed its partnership with South African telecommunications company, MTN to collectively launch 5G network in Nigeria. This follows MTN’s successful commercial launch in Lagos, a day prior to the partnership announcement. As stated in the

Treepz Launches New Service To Celebrate 3 Years Anniversary

Treepz, a Nigerian vehicle-hailing company has launched a new service as it celebrates 3 years since it launched. A double event,  a business to provide commuters with a well-structured system for staff bus and bus rental services. The service is developed to be very predictable and accessible with companies, educational

5G

Telecom Company, MTN launches commercial 5G in Nigeria

South African telecommunication company, MTN has rolled out 5G commercial services in Lagos, the commercial capital of Nigeria on September 18 at an event. This follows the announcement by the company on August 24, 2022 that it had begun its pilot test in Lagos and six other cities. Other target

Africa

Pan-African crypto exchange, Yellow Card raises $40 million Series B

Pan-African cryptocurrency exchange, Yellow Card has raised $40 million in Series B funding in a round led by Polychain Capital. Other investors include Valar Ventures, Third Prime, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, among others. This makes its funding a total of $56.

Africar

Africar partners with Stellantis to launch Auto24, a used car marketplace

Online automobile marketplace, Africar has partnered with Stellantis, a multinational automotive manufacturing company to launch Auto24, a used car marketplace in Abidjan, Côte d’Ivoire. Africar Group is the leading online automotive marketplace in Africa and operates in more than 40 countries on the continent. It has enabled over 25

South Africa Moves to Implement Wi-Fi License

A draft of the next generation spectrum policy, which might include WiFi License, was recently submitted for public comment by the minister of communications, Khumbudzo Ntshavheni. This does not, however, imply that South Africans will need to obtain licenses or permissions for their home Wi-Fi routers. “With the rapid growth

Giannis Antetokounmpo

WhatsApp ventures into entertainment, stars Nigerian NBA player

Meta-owned messaging app, WhatsApp takes its first step into the entertainment industry after it announced on Twitter that it would feature National Basketball Association (NBA) player, Giannis Antetokounmpo on its social media platforms. The 12-minute video titled “Naija Odyssey” is set to be premiered on Prime Video on September 21.

CBK Ceases Operations of Digital Lenders In Kenya

Following the expiration of a Six (6) months licence registration deadline, The Central Bank Of Kenya (CBK) The CBK, has ordered the cease of operations of all the digital lending platforms which have not been registered, approved and given the licence to operate in the company. The approval is required

Messaging

Telegram Latest Update Allows Infinite Reactions to Premium Users and Improvements to Ios and Android Apps

Telegram, an instant messaging service, just released a significant upgrade that added numerous new features, such as endless reactions, new username links, emoji statuses, and easier logins. First and foremost, all Telegram users now have access to dozens of new reactions that were previously only available to those who have

Business

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

Business

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

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

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,

Brimore

Brimore, Egypt’s Social-Commerce Platform is Restructuring to Reduce Costs, Increase Profitability

Brimore, an Egyptian social-commerce platform, has announced a company-wide restructuring to cut expenses and maintain healthy financial records in response to the current economic downturn. The startup explained in a press release that the restructuring will take into account its strategic plan in the local market to provide thousands of

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

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.

Bootcamp

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

AfricInvest

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

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,

Business

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

Algerian

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

Business

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

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

Business

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,

Business

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