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Carzami, Egypt’s Online Retailer for Used Cars Receives Pre-Seed Investment from Contact

Carzami, Egypt’s Online Retailer for Used Cars Receives Pre-Seed Investment from Contact

Carzami, Egypt’s online retailer for high-quality used cars and vehicle financing has raised an undisclosed sum in a pre-seed round from Contact Financial Holding, Egypt’s largest non-bank financial services provider. Its scalable inventory financing facility, which it intends to use to transform Egypt’s, used car market, with

South African Retail Giant, Massmart, Exits Nigerian Market

South African Retail Giant, Massmart, Exits Nigerian Market

Due to declining consumer demand and currency volatility, South African retail giant, Massmart has sold its Games Discount World stores in Nigeria. According to information obtained by BusinessDay, the assets were sold to the main shareholder of PricePointe Wholesale Club, a company that runs a wholesale store in Lagos. As

Nigeria Government To Partner With Binance For Economic Growth

Nigeria Government To Partner With Binance For Economic Growth

The federal government of Nigeria has revealed that it is in the process of securing an agreement with Binance a cryptocurrency exchange company, in other to develop a digital city, similar to that which is in existence in Dubai. Binance is one of the world’s leading blockchains, it has

WorldRemit and Hello Paisa Partner to Ease Money Transfers in Zimbabwe

Digital Remittance

WorldRemit and Hello Paisa Partner to Ease Money Transfers in Zimbabwe

WorldRemit and Hello Paisa, two top worldwide digital remittance startups, recently announced a partnership to offer cash pickup services across Zimbabwe. Through the collaboration, which went into effect on July 27, 2022, Zimbabweans can now receive money transfers in US dollars at more than 120 Hello Paisa payout locations throughout

Egypt's Auto Service App, 3atlana Receives a Six-Figure Seed Round

Egypt's Auto Service App, 3atlana Receives a Six-Figure Seed Round

3atlana, Egypt’s auto service app, has received a six-figure seed round from Ghabbour Auto, the country’s leading automotive manufacturing company, to strengthen its AI system. The 3atlana app allows its users to access door-to-door services, in which an engineer and mobile car center are dispatched to their location,

Emonovo, Egypt's Edtech Startup that Matches Perspectives with Universities Raises Bridge Round to Scale

Emonovo, Egypt's Edtech Startup that Matches Perspectives with Universities Raises Bridge Round to Scale

Emonovo (formerly MARJA3), MENA’s leading edtech startup that connects Arab perspectives students with top universities worldwide, has announced an undisclosed bridge round from strategic angel investors from the US, Europe, and MENA, as well as a follow-on investment from Flat6Labs, to scale its platform. The edtech platform, which uses

eSIM Adoption. Is Africa Ready?

eSIM Adoption. Is Africa Ready?

By 2025, six billion gadgets, including smartphones, watches, tablets, automobiles, and utility meters, are anticipated to employ eSIM— the next-generation SIM technology. According to Counterpoint’s most recent research, which lists twice as many firms as last year, there are now more vendors offering over-the-air management systems for the technology

South Africa’s Internet censorship rules for all online content — including YouTube, TikTok, Facebook, Twitter

South Africa’s Internet censorship rules for all online content — including YouTube, TikTok, Facebook, Twitter

The Film and Publications Regulations, 2022, which established South Africa’s internet content restrictions and went into force in March of this year, have been gazetted by the Department of Communications and Digital Technologies. The regulations, which are now referred to as South Africa’s “internet censorship laws,” grant the

Zipline partners with Jumia, launches drone package delivery in Ghana

Zipline partners with Jumia, launches drone package delivery in Ghana

Leading pan-African e-commerce company, Jumia has partnered with California-based Zipline on Thursday, September 1 to launch automated drone for on-demand delivery in Ghana. Zipline is a logistics company launched in 2014 known for delivering whole blood with medical products, including vaccines, infusions, and common medical commodities to countries such as

Kuda Lays Off Employees To Attain Strategic Growth Plan

Kuda Lays Off Employees To Attain Strategic Growth Plan

Nigeria and UK-based digital bank, Kuda, has revealed that it has cut its workforce, thereby joining the league of African tech organizations that are cutting down on their team. Word of the cut-down was confirmed by the company itself through an email which formally disclosed the steps it was taking

Vodacom becomes first to launch 5G technology in Tanzania

Vodacom becomes first to launch 5G technology in Tanzania

Vodacom Tanzania plc has launched 5G technology in Dar es Salaam. This was unveiled by the company’s Acting Managing Director, Hilda Bujiku in the presence of Minister of Information, Communications and Information Technology, Nape Nnauye on September 1. The subsidiary is a member company of Vodacom Group Limited, a

DPO Group Kenya Joins Virtual Pay, Secures CBK Payment Licence

DPO Group Kenya Joins Virtual Pay, Secures CBK Payment Licence

DPO Group a payment processing fintech in Kenya has received authorized approval from the Central Bank Of Kenya (CBK), granting it the licence to now operate as a Payment Service Provider (PSP), serving consumers in the country. DPO becomes the second startup reported to have received the same type of

Snap Announces Leadership Restructuring for EMEA, Others as it Plans to cut 20% of its Workforce

Snap Announces Leadership Restructuring for EMEA, Others as it Plans to cut 20% of its Workforce

Snap is restructuring its international leadership in Europe, the Middle East, Africa, the Americas, and Asia-Pacific regions beginning with the hiring of Ronan Harris, who has been Google’s U.K. and Ireland chief for the last five years, while also revealing plans to lay off 20% of its global

Eni, Italian Oil and Gas Giant Set to Execute 10-GW Solar, Wind Power Projects in Egypt

Eni, Italian Oil and Gas Giant Set to Execute 10-GW Solar, Wind Power Projects in Egypt

Eni SpA (BIT: ENI), one of Italy’s leading oil and gas companies, is planning to build solar and wind power projects with a total capacity of 10 GW in Egypt over the next few years, according to a statement released earlier this week. Claudio Descalzi, Eni’s CEO, made

South Africa to Launch New ‘App Store’ and Artificial Intelligence Institute to Boost Tech Subjects

Artificial Intelligence

South Africa to Launch New ‘App Store’ and Artificial Intelligence Institute to Boost Tech Subjects

South Africa has announced plans to build an Artificial Intelligence (AI) Institute to improve the teaching of robotics and coding in public schools. The AI Institute is being founded in collaboration with institutions of higher learning, particularly the Johannesburg Business School of the University of Johannesburg and the Tshwane University

What Zanzibar Silicon Valley means for Zanzibar and other African governments?

What Zanzibar Silicon Valley means for Zanzibar and other African governments?

On Tuesday, August 30, the Government of Zanzibar announced the launch of ‘Silicon Zanzibar’ in partnership with Wasoko, a B2B e-commerce Company formerly headquartered in Nairobi, Kenya. The Wasoko innovation hub is developed to create an abode for tech companies across Africa. Previously known as Sokowatch, it was named Africa’

South African startup Trabel Launches its “NoPBX” Technology in Namibia

Telecommunication

South African startup Trabel Launches its “NoPBX” Technology in Namibia

A partnership with TelePassport Communications has allowed South African company Trabel to offer its NoPBX PBX-over-GSM service in Namibia. Utilizing only their current cellphones, any business can set up their switchboard, select their own phone numbers, and be operational in minutes using Trabel’s NoPBX platform. According to Trabel, the

UberEats Will No Longer Deliver in Parts of Soweto Due to Safety Fears

UberEats Will No Longer Deliver in Parts of Soweto Due to Safety Fears

Following growing safety concerns and threats to its business and delivery drivers, food delivery service, UberEats has planned to stop serving some areas of Soweto, South Africa’s largest metropolis. South of Johannesburg’s Soweto will no longer receive deliveries from UberEats starting on September 5, the company’s South

South African Gym Management Startup Octiv Secures Series A Funding

South African Gym Management Startup Octiv Secures Series A Funding

Octiv, a South African software platform for gym management, has secured an eight-figure Series A fundraising round from one of the top venture capital firms, Knife Capital. An executive from BVNK also made an angel investment in the round. Octiv will be able to scale customer service levels to keep

VerifyMe Launches New Digital Identity, Create Customer Analysis Tool

VerifyMe Launches New Digital Identity, Create Customer Analysis Tool

VerifyMe, a Nigerian identity verification startup, has revealed its new product, QoreID, a reserved identity and analytics tool for business-to-business linking platforms. This newly launched platform is designed to provide API structures and data assistance which will link businesses to people along with their information across the continent. Developed for

Flutterwave Obtains Switching And Processing Licence From CBN

Flutterwave Obtains Switching And Processing Licence From CBN

Nigerian fintech, Flutterwave, has obtained a switching and processing licence. Granted to the fintech by the Central Bank Of Nigeria, the SP licence has been said to be one of the most valuable processing licenses of the CBN. With this licence, Flutterwave can procure switching and card processing transaction services

Shezlong, Egypt’s Foremost Psychotherapy Platform, Expands to South Africa, Evolves into “Upright”

Shezlong, Egypt’s Foremost Psychotherapy Platform, Expands to South Africa, Evolves into “Upright”

Shezlong, now Upright, MENA’s foremost and largest psychotherapy platform has announced the opening of its business in South Africa under the name “Upright” as part of its strategic expansion plan. The choice of South Africa is not unconnected to the existence of a market in mental health therapy. Several

Visa Appoints New Head Of West Africa Region.

Visa Appoints New Head Of West Africa Region.

Visa, a digital payment platform and card payment network, has appointed a new Head for its West Africa region. The appointed, Andrew Uaboi is going to be in charge of the development and execution of the company’s growth strategy in West Africa, he will also lead the company’s

RiseBack Edtech platform offering Undergraduate & Graduate Degree Programs Launched for the African Students and Professionals

RiseBack Edtech platform offering Undergraduate & Graduate Degree Programs Launched for the African Students and Professionals

After successfully launching the Edtech platform, which offers students in the USA affordable college degrees in India and America, social entrepreneur Dr. Tausif Malik has now launched RiseBack for African professionals and students. RiseBack is one of the first and only Edtech startups to offer undergraduate and graduate degree programs.