(Page 86)

Sign in Subscribe

Nedbank to See South Africa Green Energy Loans Jump to $3 Billion

Nedbank to See South Africa Green Energy Loans Jump to $3 Billion

To solidify its position as the market leader in financing renewable power projects, Nedbank Group plans to nearly treble the amount of money it lends to green energy projects in South Africa over the next two years. According to chief executive officer Mike Brown, the bank’s lending to the

Oui Capital, an African-focused Early-Stage VC Firm Closes its $30M Second Fund

D Global Ventures

Oui Capital, an African-focused Early-Stage VC Firm Closes its $30M Second Fund

Oui Capital, a pan-African venture capital firm based in Lagos and Massachusetts, has announced the completion of the first closing of its $30 million second fund, dubbed Oui Capital Mentors Fund II, as it seeks to strengthen its presence on the continent. Individual and venture capital investors participated in the

Auto Repair Platform, Michanic raises $400k in Debt Financing from MultiChoice Innovation Fund

Auto Repair Platform, Michanic raises $400k in Debt Financing from MultiChoice Innovation Fund

South African auto servicing and repair platform, Michanic, has received a loan from the MultiChoice Innovation Fund for $400k so that it may keep developing its technology and hasten its expansion across the country. In contrast to dealerships and independent garages, consumers of Michanic can get rapid service and repair

South African Agritech Startup, Aerobotics, Launches Aeroview Platform for Farmers

South African Agritech Startup, Aerobotics, Launches Aeroview Platform for Farmers

A new yield management platform has been made available by South African Agritech startup Aerobotics, giving growers tools to monitor, control, and safeguard their harvests. Aerobotics, a company founded in 2014, combines overhead imagery from drones and satellites along with machine learning algorithms to help tree and wine producers identify

Zedcrest Launches $10M Knight Fund for African Startups in Response to Funding Drought

Zedcrest Launches $10M Knight Fund for African Startups in Response to Funding Drought

Zedcrest Capital, an African venture capital firm that invests in debt and equity capital markets and has recently made inroads into venture investments, has today announced the launched of a $10 million fund for pre-Series A stage startups in Africa. The “Knight Fund” is a type of emergency fund. It

Paratus Namibia Announces Launch of Armada Datacentre

Paratus Namibia Announces Launch of Armada Datacentre

Africa is a desirable location for large cloud operators because to the region’s growing demand from banks and telecoms for quicker processing. Africa has seen an increase in Cloud’s footprint during the last two years. To meet anticipated increasing demands as businesses migrate to the cloud and go

Kenyan Technology Players Organize Digital Talent Program For Youths

Kenyan Technology Players Organize Digital Talent Program For Youths

Major players in the Kenyan technology sector have come together to launch a Digital Talent Program directed at improving digital skills within the market by embarking on a sustainable approach to help develop thriving digital talent. The DTP is intended to train about One thousand participants in its maiden edition

Fast Ride Launches As Nigeria's First E-hailing Company

Fast Ride Launches As Nigeria's First E-hailing Company

The first indigenous e-hailing company in Nigeria has launched. Fast Ride Limited, the initiator Fast Ride App, is determined to provide Nigerians with an tool for easy transportation and logistics. Fast Ride has formally began operation with its mobile application the “Fast Ride”. In attendance of the launching, notable companies

Morocco’s UM6P Ventures Invests in Climate Crop Ltd to Boost Global Food Supply

Climate Crop Ltd

Morocco’s UM6P Ventures Invests in Climate Crop Ltd to Boost Global Food Supply

UM6P Ventures, a Moroccan venture capital firm affiliated with Mohammed VI Polytechnic University, announced on Thursday its investment in Climate Crop Ltd, an Israeli startup that specializes in the use of gene editing technologies to increase the potential of plants to capture more energy, store more carbon, and produce higher

South African Online Payments Group, PayGate, integrates Samsung Pay

South African Online Payments Group, PayGate, integrates Samsung Pay

PayGate, a subsidiary of the DPO Group in South Africa, has announced that it is allowing Samsung Pay as an extra payment method for its merchants. Samsung Pay, a mobile payment system, was formally introduced in South Africa in 2018. It enables customers to make payments with just their smartphone

South Africa’s Qwili Raises $1.2 Million to Enhance SmartPhone, Internet Penetration in Africa

Digital services

South Africa’s Qwili Raises $1.2 Million to Enhance SmartPhone, Internet Penetration in Africa

South African provider of hybrid sales platform to micro and small businesses, Qwili, has announced it raised $1.2 million in seed funding. This coming one year after finishing an unidentified pre-seed round. The venture capital firm E4E Africa in South Africa served as the lead investor. Other participants in

CoinMENA Expands its Crypto Exchange Offering to Egypt

CoinMENA Expands its Crypto Exchange Offering to Egypt

CoinMENA, a leading Middle East and North African cryptocurrency exchange platform have announced the expansion of its digital asset exchange services to Egypt. Egyptians will be able to open accounts on the platform and connect their bank accounts to their CoinMENA wallets to deposit and withdraw funds directly. True to

Aman Launches New Subsidiary, Aman Securitization Company, to Deepen Financial Inclusion in Egypt

Aman Financial Services

Aman Launches New Subsidiary, Aman Securitization Company, to Deepen Financial Inclusion in Egypt

Aman Group, an Egyptian-based Fintech company that provides non-banking services, has announced the launch of Aman Securitization Company. The firm is a subsidiary of Raya Holding for Financial Investments. As a leading company in the Egyptian fintech space, Aman for E-Payment works to achieve financial inclusion through digital solutions. It

Afriguild Receives Massive Boost as Adaverse Invests in its Web3 Mission

Afriguild Receives Massive Boost as Adaverse Invests in its Web3 Mission

Afriguild, a Blockchain gaming guild turned DAO (decentralized autonomous organization) that offers opportunities for Africans through gaming, education, and community building, recently announced its investment from Adaverse, a Cardano ecosystem accelerator created to support the growth of Web3 crypto-native businesses in Africa. Afriguild began as a social gaming business with

Safaricom Partners With Kodris Africa To Develop Kenya's Coding Skills

Safaricom Partners With Kodris Africa To Develop Kenya's Coding Skills

Kodris Africa, an education technologies organization, and Safaricom, Kenya’s leading mobile network service, have gone into partnership to strategically promote the study of coding via the purchase of a yearly tutorial on the M-Pesa app (Safaricom’s Mobile Money Platform). With this partnership, customers can procure tokens with a

Kenya's Whitebox Partners With The Kijiji to Train Innovators and Entrepreneurs

Kenya's Whitebox Partners With The Kijiji to Train Innovators and Entrepreneurs

Whitebox in collaboration with The Kijiji is set to enhance Kenyan youths by training local innovators and entrepreneurs through a two-month intensive boot camp. Whitebox, established in 2018, is an initiative of the Kenyan government, under the Ministry of Information, communication, and Technology, ICT. Whitebox was set up to help

Shoprite Takes Its Petshop Science Brand Online with Premium Brands & Home Deliveries

The Shoprite Group announced that it is bringing its Petshop Science brand online in order to increase its online presence. This comes as South Africa’s pet industry continues to expand; in the past year alone, Petshop Science has launched 22 physical locations across the country. An extensive assortment of

South Africans are Already Making Reservations for the World’s First Mass Market Solar Car, The Sion

South Africans are Already Making Reservations for the World’s First Mass Market Solar Car, The Sion

The Sion, a five-seater solar vehicle, has been unveiled by German company Sono Motors. The automaker boasts that with the Sion, the first “solar electric vehicle (SEV) for the masses,” it has led the way in solar-powered mobility. Comparing the Sion’s final production design to earlier designs reveals significant

Massinart.ma, Moroccan Decorative Paintings Startup, Adopts Augmented Reality

Augmented Reality

Massinart.ma, Moroccan Decorative Paintings Startup, Adopts Augmented Reality

Massinart.ma, a Moroccan decorative paintings startup has integrated augmented reality technologies into its customer experience strategy. This makes the startup the first Moroccan startup to invest in the field of augmented reality. This state-of-the-art technology allows incredible levels of immersion and visualization related to decoration paintings. It is a

Khazenly, Egypt’s On-Demand Digital Warehousing and Fulfillment Startup, Becomes Merchants' Partner of Choice

Arrow Food Trading

Khazenly, Egypt’s On-Demand Digital Warehousing and Fulfillment Startup, Becomes Merchants' Partner of Choice

Khazenly, an Egyptian on-demand digital warehousing and fulfillment management platform, is staying true to its vision of shaping the future of e-Commerce in the North African country with its convenient, affordable, and transparent omnichannel solution to help merchants grow their businesses and supercharge the digitalization of their fulfillment processes. Despite

Namibia Launches First Crypto ATM; Crypto Kiosk

Namibia Launches First Crypto ATM; Crypto Kiosk

Namibia, a Southern African nation has just launched its first crypto ATM, as blockchain acceptance and adaptation continue to spread in most African countries. The launching of the digital currency ATM took place at Maerua Mall in the nation’s capital Windhoek. According to reports, this initiative allows Namibians and

Max Partners With Yahama's MBSN To Scale Services

Max Partners With Yahama's MBSN To Scale Services

Metro Africa Xpress, Max, a Nigerian tech mobility platform is now in partnership with Moto Business Service Nigeria (MBSN) a subsidiary of Yamaha Motor in Nigeria. this partnership follows Max’s recent achievement of 100 million kilometers. The Max X MBSN is in existence to generate maintenance finances for about

NIGERIA’S HASHGREED RAISES $1M FOR NFT AND ASSET TOKENISATION DEVELOPMENT IN AFRICA

NIGERIA’S HASHGREED RAISES $1M FOR NFT AND ASSET TOKENISATION DEVELOPMENT IN AFRICA

Nigeria’s NFT marketplace, Hashgreed, has just raised more than $ 1 million in funding, projected to help the organization scale beyond its Nigerian market. Hashgreed is a multipurpose Super Dapp and NFT platform under the Krosscoin monetization platform. With Hashgreed, individuals and businesses can use its web3 tool to develop

MetroFibre Networx Secures $290M Debt Finance from Standard Bank Group to Develop Fiber-Optic Data Network

MetroFibre Networx Secures $290M Debt Finance from Standard Bank Group to Develop Fiber-Optic Data Network

MetroFibre Networx has secured a $290M debt financing package from Standard Bank Group, enabling the group’s deployment of a fiber-optic data network throughout South Africa. According to Standard Bank Group, MetroFibre will use the funding to extend its fiber connectivity into residences and businesses in underserved areas all over

Vantage Data Centres Waterfall Campus Launches in South Africa

Vantage Data Centres Waterfall Campus Launches in South Africa

Within its 80MW site in Johannesburg, South Africa, Vantage Data Centres has announced the construction of a Hyperscale data center. A statement obtained by TechCabal claims that the two-story facility, known as JHB11, provides 16MW of vital IT capacity across 130,000 square feet (12,000 square meters). With no