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How Fintech Entrant into Egypt is Improving the Traditional Banks' Offerings
Banks

How Fintech Entrant into Egypt is Improving the Traditional Banks' Offerings

Egypt’s transformational legislation, combined with the impact of Covid-19, resulted in a 230% increase in cashless payments in the North African country in 2021 and a remarkable growth rate of 300% in investment funding in the same year. The country’s financial sector is now a toss-up between fintech
Aug 31, 2022 4 min read
MTN Group Appoints Christian Bombrun New Digital Platforms Chief
MTN

MTN Group Appoints Christian Bombrun New Digital Platforms Chief

According to MTN Group, Christian Bombrun will begin serving as CEO of its Digital Platforms on 1 September 2022. Minnie Harris, who has been playing the part since April 2022, will now be replaced by the incoming CEO. The operator stated that Harris, who has been wearing two hats for
Aug 31, 2022 1 min read
MoNo Launches Telco API, For Unbanked Consumers Data Gathering

MoNo Launches Telco API, For Unbanked Consumers Data Gathering

MoNo, a Nigerian fintech startup, has announced the launching of its new product, a telecommunication application programming interface (API)  to enable businesses to collate unbanked consumer data having previously received user’s consent. The new product will allow businesses to leverage substitute data concepts to compel financial inclusion, thereby making
Aug 31, 2022 2 min read
MetroWatt and Huawei launch R2,800 per Month Solar Power Rentals
Renewable Energy

MetroWatt and Huawei launch R2,800 per Month Solar Power Rentals

In order to combat load shedding, MetroWatt and Huawei have partnered to offer solar power system leases starting at R2,800 per month. A larger system is also available for R3,800 per month. According to MetroWatt CEO Laurent Pieton, the alliance between MetroWatt and Huawei is exclusive to South
Aug 31, 2022 2 min read
Black Umbrellas incubation lounge launched in KZN to Empower Youth and Startup Entrepreneurs

Black Umbrellas incubation lounge launched in KZN to Empower Youth and Startup Entrepreneurs

Black Umbrellas has announced the launch of the Black Umbrellas incubation lounge at Regent Business School at the Durban campus. The opening of the incubation lounge will make it simple for KwaZulu-Natal startup entrepreneurs to get the help they need to expand their businesses. This is the second of three
Aug 31, 2022 2 min read
Kenya's Fintech, Pezesha, Raises $11 Million Dollars Pre-Series A Round

Kenya's Fintech, Pezesha, Raises $11 Million Dollars Pre-Series A Round

Pezesha, a Kenyan-based fintech startup has raised Eleven Million US dollars ($11 Million) in a pre-Series A equity-debt round and likewise expanded into Rwanda, Nigeria and come Francophone countries on the continent. The round was led by Women’s World Banking Capital Partners II and had the participation of the
Aug 31, 2022 1 min read
Zapper and Stitch Partner to Allow Users Scan Payments Directly from Linked Bank Accounts
Contactless Payment

Zapper and Stitch Partner to Allow Users Scan Payments Directly from Linked Bank Accounts

South African safe and low-cost contactless payment channel, Zapper, has announced that users can now link their bank accounts in the app to pay retailers by scanning a QR code. With the help of the Stitch LinkPay application programming interface, the business has enabled Instant EFT payments. Previously, Zapper customers
Aug 31, 2022 2 min read
Wasoko launches Wasoko Innovation Hub in partnership with Zanzibar Government
tech hub

Wasoko launches Wasoko Innovation Hub in partnership with Zanzibar Government

In collaboration with the government of Zanzibar, Wasoko, the largest B2B e-commerce network in Africa, has opened the “Wasoko Innovation Hub.” The new Hub, which is located in Fumba Town, Zanzibar, will be home to over 500 forward-thinking engineers, product managers, UX designers, and researchers from Africa and around the
Aug 31, 2022 2 min read
Cape Town’s VoiceMap Produces Walking Tour for Trevor Noah’s January 6 insurrection Show

Cape Town’s VoiceMap Produces Walking Tour for Trevor Noah’s January 6 insurrection Show

The Daily Show with Trevor Noah, an American political comedy program, has teamed up with VoiceMap, a startup based in Cape Town, to create an interactive self-guided walking tour that takes visitors through the events of the Washington, D.C., uprising on January 6, 2021. VoiceMap, a mobile app and
Aug 30, 2022 2 min read
Saudi Arabia Launches Attaa Digital Hackathon in Egypt
Attaa Digital Hackathon

Saudi Arabia Launches Attaa Digital Hackathon in Egypt

The government of the Kingdom of Saudi Arabia has announced the launch of the Attaa Digital Hackathon in Egypt, an initiative aimed at strengthening ties with academic institutions and universities in the Arab world. The three-day event began yesterday, August 29th, 2022, and will last until August 31st. The organizers
Aug 30, 2022 1 min read
Stake, a Dubai-Based Digital Real Estate Platform, Raises $8M Pre-Series A to Expand into Egypt and KSA
Business

Stake, a Dubai-Based Digital Real Estate Platform, Raises $8M Pre-Series A to Expand into Egypt and KSA

Stake, a Dubai-based digital real estate fintech platform, has raised $8 million in an oversubscribed pre-series A round. MEVP, and BY Ventures led the investment round with participation from Vivium Holding, and Combined Growth Real Estate. The startup has now raised a total of $12 million since its launch in
Aug 30, 2022 1 min read
Risevest CEO Advised To Step-down After Alleged Misconduct

Risevest CEO Advised To Step-down After Alleged Misconduct

It has been reported that co-founder and CEO of Nigerian startup, Risevest, Eke Urum, has been advised to step down from the position he occupies in the company. The advice comes from an investigative panel set up by the startup’s investors. This action was reportedly made known through an
Aug 30, 2022 2 min read
Vodacom launches VodaLend Cash Advance for underbanked customers
Financial Inclusion

Vodacom launches VodaLend Cash Advance for underbanked customers

Vodacom has introduced VodaLend Cash Advance, a tool that enables its clients to obtain small, quick cash loans. The mobile network provider claimed that the inclusion was intended for underbanked customers who require easy and quick access to money. Customers of Vodacom can access the product through VodaPay, which offers
Aug 30, 2022 2 min read
KarmSolar, Egypt’s Leading Clean Energy Tech Startup, Announces New Minority Stake Round 
KarmSolar

KarmSolar, Egypt’s Leading Clean Energy Tech Startup, Announces New Minority Stake Round 

KarmSolar, Egypt’s leading private power utility and solar energy company, has announced a new minority stake round to fund internal and regional expansion plans. However, this comes three years after the company announced a $25,000,000 investment from EDF Renewable Energy on November 25, 2019. The United States-based
Aug 30, 2022 2 min read
Kenya Telcom Giant, Safaricom, Launches in Ethiopia

Kenya Telcom Giant, Safaricom, Launches in Ethiopia

Safaricom, One of Kenya’s leading telecommunications outfits, has launched its services in East Africa, Ethiopia, with activity in selected locations. The telcom had obtained a licence to operate in the profitable Ethiopia market as of July 2021. A year after obtaining the licence, it was revealed that Safaricom would
Aug 30, 2022 2 min read
Boomkit, Nigerian Music-tech Secures 10k Users With Continental Expansion Plan
Business

Boomkit, Nigerian Music-tech Secures 10k Users With Continental Expansion Plan

Boomkit, a music-tech startup in West Africa, Nigeria has revealed that it has acquired a user base of Ten thousand users, a feat that encourages its plans to expand continental-wise. The music-tech is a digital platform via a mobile application that assist Independent Nigerian artists to distribute their art and
Aug 30, 2022 2 min read
Anchor Secures $1 Million Dollars Pre-Seed Funding, Launches Beta

Anchor Secures $1 Million Dollars Pre-Seed Funding, Launches Beta

Anchor, a banking-as-service fintech platform has revealed that it has secured pre-seed funding to the tune of One Million US dollars ($1 Million) as it also launches Anchor Beta. Backed by Y Combinator, Anchor intends to maximize the raised investments using it to build a team of talents thereby enhancing
Aug 29, 2022 2 min read
Walmart considers total takeover of Massmart South African business
e-commerce

Walmart considers total takeover of Massmart South African business

As it gets ready to refocus on South Africa, Walmart Inc. intends to take Massmart Holdings private and raise the unit’s COO to the position of CEO. Massmart announced it reached a principle agreement with majority shareholder Walmart that could potentially see the US-based corporation acquire all of the
Aug 29, 2022 2 min read
$5 Trillion Metaverse Harvest by 2030. African Startups Should Gear up for the Biggest Pie
Metaverse

$5 Trillion Metaverse Harvest by 2030. African Startups Should Gear up for the Biggest Pie

The Metaverse will become the most user-friendly tech when it finally goes past its current relatively nascent state. It is user-friendly because by definition and operability, the Metaverse is the next iteration of the internet that seamlessly combines our digital and physical and social lives. What exactly is the Metaverse?
Aug 29, 2022 4 min read
Grey Raises $2 Millon In Seed Funding To Scale Cross Border Payments

Grey Raises $2 Millon In Seed Funding To Scale Cross Border Payments

Nigerian fintech company, Grey, has been reported to have raised Two million dollars ($2 million ) in seed funding. Grey is created to give users in Africa the ability to send and receive foreign payments. Via the platform, users can also create a free international bank account through which they can
Aug 29, 2022 2 min read
How Egyptian-Based Travel Marketplace, Travelz Tech is Disrupting the Egyptian Tourism Sector
tourism

How Egyptian-Based Travel Marketplace, Travelz Tech is Disrupting the Egyptian Tourism Sector

The tourism industry is difficult to define because, unlike other industries, there is no single product. It encompasses a wide range of industries, including lodging, transportation, attractions, and travel agencies. Tourism is defined broadly as when people travel and stay in places other than their usual environment for leisure, business,
Aug 29, 2022 4 min read
Moneymie Nigeria Shutdown B2C Cross Border Digital Banking Service
Business

Moneymie Nigeria Shutdown B2C Cross Border Digital Banking Service

Moneymie, a fintech startup in Nigeria has shut down its cross-border business-to-customer (b2c) service, this was made known in a newsletter startup released recently. This action disenables African immigrants located in North America from receiving and sending money to Ghana, Nigeria and South Africa. According to the message boldly posted
Aug 29, 2022 2 min read
Torch-lighting the Post-Pandemic Drop in Healthtech Funding in Africa
Healthcare

Torch-lighting the Post-Pandemic Drop in Healthtech Funding in Africa

Despite accounting for 25% of the world’s disease burden in 2017, data from the World Health Organization (WHO) reveals that Africa only accounts for less than 1% of global health expenditures. It gets worse: other continents have produced over 98% of the medicine that the continent promotes and distributes
Aug 27, 2022 5 min read
Ecobank Nigeria Opens Application For Fintech Challenge 5th Edition

Ecobank Nigeria Opens Application For Fintech Challenge 5th Edition

Ecobank Nigeria, a commercial bank in the West African country, has launched the fintech challenge, fifth edition, and it is opening the doors of the competition to fintech founders in Africa. Through this competition, both matured and early-stage fintech companies stand the chance to go home with Fifty thousand US
Aug 27, 2022 2 min read
Huawei launches full range of FusionSolar Smart PV and ESS solutions for Africans
Solar

Huawei launches full range of FusionSolar Smart PV and ESS solutions for Africans

At the Solar Show Africa 2022, Huawei Digital Power this week introduced its complete line of FusionSolar Smart PV and Energy Storage System (ESS) solutions to the Sub-Saharan African market. With a long-term output of 4.51 kWh/kWp per day, Africa is the region with the greatest potential for
Aug 26, 2022 2 min read
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