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TikTok Kenya Set Up Initiative Against Hate Speech Ahead General Elections

TikTok Kenya Set Up Initiative Against Hate Speech Ahead General Elections

To curb hate speech and fake news ahead of the 2022 general election, TikTok has launched an “in-app guide” for its Kenyan community. The popular social media application made this known through a newsletter released to the public. The company also hosted “in-market” projects to support its vision to help

South Africa’s Competition Commission Claims Amazon unlikely to ‘displace’ Takealot in South Africa

South Africa’s Competition Commission Claims Amazon unlikely to ‘displace’ Takealot in South Africa

Although the retail behemoth, Amazon, is reportedly launching in South Africa, the Competition Commission claims it is doubtful that it can unseat current leaders like Takealot. The commission released its Online Platforms Market Inquiry’s findings on Wednesday 14 July, and many issues with Takeloot’s dominance as well as

Kenyan High Court Freeze Korapay, Kandon Accounts

Kenyan High Court Freeze Korapay, Kandon Accounts

A Kenyan high court has frozen the accounts of two Nigerian fintech companies on allegations of money laundering. This action comes after another high court in Kenya had frozen the accounts of one of the continent’s biggest fintech companies, and also Nigerian-owned, Flutterwave, last week. The presiding Justice, Lady

Moove, an African Mobility Fintech Startup, Raises $20M in Funding to Expand Across the Continent

Absa Corporate and Investment Banking

Moove, an African Mobility Fintech Startup, Raises $20M in Funding to Expand Across the Continent

Moove Africa, a Nigerian-born global mobility fintech startup, announced on Thursday that it has received $20 million in funding from South Africa’s Absa Corporate and Investment Banking (CIB) to expand across the continent. The funding is the fintech’s first with an African bank, bringing Moove’s total fund

The Professional Narratives on the Present State of Crypto Trading

The Professional Narratives on the Present State of Crypto Trading

According to 53 financial experts surveyed by Finder.com, the price of Bitcoin (BTC) will plummet to $13,676 per unit this year. The survey gave the figures that will guide the global crypto trading space. Experts predict that the price of Bitcoin will bottom out at roughly $13,676

SendSprint Launches With Agenda To Connect Africa With Diaspora

SendSprint Launches With Agenda To Connect Africa With Diaspora

There is a new startup in town and it’s coming in big. SendSprint has joined the leagues of fintech startups as it recently launched in the united kingdom, UK. Starting out as an affiliate of one of Africa’s biggest fintech companies, Flutterwave, SendSprint is in the ecosystem to

The Boston Consulting Group reports that South African Investors Are Turning to Emerging Trends to Make Money

Assets Management

The Boston Consulting Group reports that South African Investors Are Turning to Emerging Trends to Make Money

According to a new analysis by Boston Consulting Group, the asset management sector kept up its remarkable growth trajectory in 2021. Results indicated that South African investors are tilting toward investing in emerging trends other than other investment areas. According to the report, the worldwide Assets under Management (AuM) increased

Juan Seco Becomes Jumia Kenya CEO Replaces Betty Mwangi

Juan Seco Becomes Jumia Kenya CEO Replaces Betty Mwangi

Juan Seco becomes Jumia Kenya’s new Chief Operating Officer (CEO) as the popular e-commerce platform makes yet another change in its leadership staff. Juan succeeds Betty Mwangi, who was Jumia’s CEO from December 2021, till yesterday, making it just eight (8) months she served the Jumia organization. According

Bloc Aquires Orchestrate To Enable Seamless Banking

Bloc Aquires Orchestrate To Enable Seamless Banking

Bloc has announced its complete acquisition of Getwallet, now known as Orchestrate. The full-service FinTech company was acquired for many reasons: to provide seamless payments for its customers. Announcing on its LinkedIn page, Bloc stated that, Orchestrate had developed a platform that can help Bloc fulfill its payment mission. Orchestrate

South Africa Progresses on its Digital Currency Adoption after Announcing ‘Project Dunbar’

South Africa Progresses on its Digital Currency Adoption after Announcing ‘Project Dunbar’

According to deputy governor Kuben Naidoo, the South African Reserve Bank (SARB) is steadily advancing with its inquiries into a central bank digital currency. Naidoo said the South African Reserve Bank (SARB) is closely involved with “Project Dunbar,”. The project unites the Reserve Bank of Australia, the Central Bank of

Swipe Raise $500,000USD In Pre-seed Funding

Swipe Raise $500,000USD In Pre-seed Funding

Swipe, a Nigerian fintech startup, has successfully raised US$500,000 in pre-seed funding. This is as it makes an effort to gain access to other credit services. The founders launched the credit-based financial institution in 2020 to provide payment solutions, helping businesses grow and branch out via credit purchases.

Zazuu Secures $2M to Scale its Cross-border Payment Marketplace for Africans

Founders Factory Africa

Zazuu Secures $2M to Scale its Cross-border Payment Marketplace for Africans

Zazuu, a United Kingdom-based and Africa-focused fintech startup that aggregates cross-border and remittance platforms, has raised $2 million in a new venture round to scale its cross-border payment marketplace. The pan-African investors, Launch Africa and Founders Factory Africa, British rapper Tinie Tempah, iROKOtv founder, and CEO Jason Njoku, and Kuda

The Entrepreneurship World Cup Kicks off for African Startups

The Entrepreneurship World Cup Kicks off for African Startups

The Global Entrepreneurship Network (GEN) and Vodacom Lesotho Foundation have announced the kick-off of the Entrepreneurship World Cup (EWC). The announcement was made at the Maseru event held yesterday. The program will provide access to international mentors and investors and the opportunity to pitch on a worldwide stage for a

What South Africans Must Know about the FIA’s ‘Crypto as a Financial Product’ Intention

What South Africans Must Know about the FIA’s ‘Crypto as a Financial Product’ Intention

Despite rising usage, cryptocurrencies have long faced legitimacy issues in Africa. However, a Blockchain analytics company, Chainalysis, claims that the use of cryptocurrencies is expanding faster on the continent than everywhere else, with transaction volumes rising 1,200 percent between July 2020 and 2021. The responses of African countries have

Errand360 Partners With Jumia Food For Last Mile Support

Errand360 Partners With Jumia Food For Last Mile Support

Nigeria’s eco-friendly delivery hub, Errand360, has partnered with Nigeria’s leading online mall, Jumia, to go an extra length to make swift delivery a reality. Built to run short and quick errands within the community, Errand360 is known to use bicycles to run its trips, avoiding traffic and being

SA Innovation Summit will help Provide Solutions to Foodtech Startups

SA Innovation Summit will help Provide Solutions to Foodtech Startups

Application for the Foodtech Programme has been opened for Foodtech startups in South Africa. SA Innovation Summit and Anza Capital launched the program to support Foodtech entrepreneurs. The Foodtech Programme, according to a press release, aims to identify and aid startups and small businesses that are multiplying and are creating

Togo Launches Togo Voyage; Digitalized Visa Application Sytem

Togo Launches Togo Voyage; Digitalized Visa Application Sytem

The completion of Togo Voyage a digitalized visa issuance system (an E-visa application system) has been announced by the Togolese government. According to a statement, this system is meant to permit applicants to apply for a Togolese visa online. This includes submission of visa application, payment for visa application, and

Anava Fund of Funds Injects $5.2M into Silicon Badia’s BIF2

Anava Fund of Funds

Anava Fund of Funds Injects $5.2M into Silicon Badia’s BIF2

Anava Fund of Funds, managed by Tunisia-based Smart Capital, has committed $5.2 million to the Badia Impact Squared Fund (BIF2), a venture capital fund managed by Silicon Badia, a pioneering venture capital firm that invests in early-stage and growth-stage technology firms operating globally. The Tunisia-based investment body has a

Telkom Kenya Targets $100,000 For 4G Expansion

Telkom Kenya Targets $100,000 For 4G Expansion

Telkom, one of Kenya’s network providers has decided to expand its reach for the 4G broadband, and this is coming at quite a cost. After launching its 4G broadband in 2017, Telkom has been able to serve only a few of its customers in certain locations with faster internet

Persistent Energy Secures $10m Equity Round to Scale its Clean-tech Venture Building in Africa

Financial Sector Deepening

Persistent Energy Secures $10m Equity Round to Scale its Clean-tech Venture Building in Africa

Persistent Energy announced a $10 million equity round led by Kyuden International Corporation, a subsidiary of the Japanese Kyushu Electric Power Group, and Financial Sector Deepening (FSD) Africa Investments to grow its clean-tech venture building business in Africa. Persistent’s Series C Preferred Units were used in the round, giving

What South Africans can Expect from Vodacom Western Cape’s $29M Internet Boost Investment

What South Africans can Expect from Vodacom Western Cape’s $29M Internet Boost Investment

More telecoms in Africa are committing to providing quicker speed, improved limit, and decreased dormancy that goes with the fifth era of cell innovation, 5G. To expand coverage, boost capacity, and enhance network uptime, Vodacom Western Cape says it would invest over $29M in the province’s mobile network this

South African Fintech, Nomanini, Expands Supply Chain Finance Solution to 8 New Markets

Digital finance

South African Fintech, Nomanini, Expands Supply Chain Finance Solution to 8 New Markets

Through a strategic agreement with financial services provider Baobab Group, South African fintech startup Nomanini is extending the reach of its recently announced supply chain finance solution StockNow to eight additional African regions. Headquartered in Cape Town and founded in 2011, Nomanini has created a platform that enables unlicensed traders

Twitter ‘Unmention’ Feature Now Available to All Users

Twitter ‘Unmention’ Feature Now Available to All Users

Twitter announced the launch of its “Unmentioning” feature to all users on all devices. The new feature, which Twitter initially began testing in April, allows users to remove themselves from conversations they don’t want to be a part of. The media giant announced the new feature in a tweet,

Egypt’s MaaS Startup, Swvl Expands into Mexico with Latest Acquisition of Urbvan

Egypt’s MaaS Startup, Swvl Expands into Mexico with Latest Acquisition of Urbvan

Swvl Holdings Corp (NASDAQ: SWVL), an Egyptian startup that provides transformative tech-enabled mass shared transit for intercity and intracity trips, announced a definitive agreement to acquire Mexico-based Urbvan Mobility Ltd, a shared mobility platform that offers tech-enabled transportation services to Latin America’s second-largest country by population for an undisclosed

Tech Talents Migrating from South Africa; The Where, The Why and The Effects

Tech Talents Migrating from South Africa; The Where, The Why and The Effects

The European Union (EU) published its New Pact on Migration and Asylum at the end of 2020. It sought to establish “Talent Partnerships” with African nations, among other things. Through these Talent Partnerships, migration and skill development were better connected. This partnership also involved the transfer of tech talents between