Business

A collection of 361 posts

Business

Wireless Access Providers Association to Launch WiFi 7 by 2023

In 2023, the first wave of mobile devices—including smartphones, laptops, and tablets—that support WiFi 7 is anticipated to hit the South African market. Paul Colmer, a council member of the Wireless Access Providers Association (WAPA), made this statement while speaking with ITWeb yesterday at the WAPALOZA Conference 2022

BitOasis

BitOasis Partners with Mastercard to Roll out Crypto-Linked Cards across MENA

BitOasis, a leading cryptocurrency platform in the Middle East and North Africa (MENA), and Mastercard have partnered to launch a series of crypto card programs in the region, facilitating day-to-day cryptocurrency usage at points of sale and across e-commerce platforms. Customers of BitOasis will be able to convert their cryptocurrency

Business

Sawiris, Egyptian Billionaire to Invest $100M in Moroccan Tech Sector

Egyptian billionaire, Naguib Sawiris, CEO of Egypt-based Orascom Investment Holding, has expressed his interest in investing $100 million in the Moroccan tech sector once the opportunity arises. The billionaire stated on the sidelines of the African Business Forum in Casablanca that his company “will be entering the Moroccan market” in

Business

Afrihost to Launch Pure 5G Packages

The introduction of Pure 5G unlimited packages that will run on MTN’s 5G network has been announced by internet service provider, Afrihost. Three month-to-month options, each delivering up to 50Mbps, 100Mbps, or unconstrained speeds, will be offered at launch, according to Afrihost, which spoke with MyBroadband. Following are the

Business

Microsoft Azure Partner Oracle for New Oracle Interconnect Multicloud in South Africa

To provide direct connectivity between the Oracle Cloud Johannesburg area and the Microsoft Azure South Africa North region, Oracle has announced the creation of a new Oracle Interconnect for Microsoft Azure site in Johannesburg, South Africa. Customers in Africa can now use the Oracle Database Service for Microsoft Azure thanks

Business

Juhayna Signs a Contract with KarmSolar to Establish a Hybrid Central Power Plant

Juhayna, Egypt’s foremost food, and beverages company has signed a second contract with KarmSolar to establish a hybrid central power plant at the Al-Enmaa farm in Abu Minqar, New Valley, to generate and sell energy using solar panels, diesel generators, and industrial batteries. This is part of both companies’

Business

Peach Payments Partners Stitch to Offer EFT Payments to South African Retailers

Online retailers in South Africa can now accept safe, affordable fast Electronic Fund Transfer (EFT) payments thanks to a partnership between South African digital payments gateway Peach Payments and API Fintech Stitch. All Peach Payments merchants can use the payment option, known as “Instant EFT by Peach Payments,” on any

Business

NITDA Partners with Edtech Platform, Coursera, Enables Digital Skill Acquisition for Nigerians

In a press statement, Minister of Communications and Digital Economy, Isa Ali Pantami has launched a digital skill acquisition programme in partnership with the edtech platform, Coursera. This announcement comes immediately after the inception of Nigeria’s Startup Bill, catalyzing the tech ecosystem. The programme under the auspices of the

Business

Albie’s Wireless Partners with Fixed Mobile Telecoms to Deliver Reliable Rural Broadband

With the help of Fixed Mobile Telecoms (FMT), Albie’s Wireless, a De Aar-based wireless internet service provider (WISP), will be able to offer 3 500 customers dependable rural broadband services. Albie’s Wireless can provide a highly available service to its customers, the majority of whom live in areas

Business

Jumia Egypt Signs Lease Agreement with Hassan Allam for Space in East Cairo Logistics Complex

Jumia Egypt, a leading e-commerce platform, has signed an agreement with Hassan Allam Utilities, an investment and development arm of Hassan Allam Holding that operates across four key verticals focused on sustainable infrastructure to address service and availability gaps in water, energy, social infrastructure, transport and logistics in Egypt and

Business

Glovo Opens Third Micro Fulfillment Center In Kenya

Spanish quick e-commerce platform, Glovo, has revealed that it has opened its third micro fulfilment centre in Kenya, in other to meet up with consumer demands. This centre, being its third, Glovo opened its first micro-fufilment centre in June 2021, the second one was opened recently in June 2o22 and

BNPL

MTN Nigeria Partners with Intelligra to Drive Financial Inclusion in the Country

South African telecommunications company subsidiary in Nigeria, MTN, has signed a partnership with a smartphone financing company, Intelligra through its device financing program. This occurred at a press conference on October 12 where it announced its collaboration with SLOT, Stanbic, VFD MFB, PT MFB and Credit Direct to enable flexible

Business

Egypt's valU Now Joins EFG Hermes, Others in Acquiring Stake in Social Payment Startup, Kiwe

Egypt’s valU, a leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform in the MENA region, has today announced acquiring a minority stake in Egypt’s fintech startup, Kiwe, a foremost youth social payment app that facilitates onboarding the unbanked youth segment in Egypt. valU has now joined EFG Hermes Finance,

Business

Telecel Zimbabwe Set for Corporate Rescue as it Faces Insolvency

Due to severe financial hardship, Telecel Zimbabwe, one of the nation’s three smallest mobile phone companies, is about to be placed under corporate rescue, a type of bankruptcy protection. The secretary general of the Communication and Allied Services Workers Union of Zimbabwe claims that Telecel Zimbabwe is insolvent and

Business

MTN Walks Away from Talks to Buy South Africa’s Telkom

It would seem like MTN has had enough of Rain’s never-ending relationship with Telkom. The Group has terminated negotiations to purchase Telkom. Bloomberg says that MTN claimed it withdrew from negotiations as Telkom failed to assure MTN Group that the discussions were exclusive. In a statement to the stock

Amazon Egypt

Amazon Egypt Rolls Out Intellectual Property Accelerator Program in Egypt

Amazon Egypt has announced the launch of its Intellectual Property (IP) Accelerator program in Egypt, which will allow small and medium-sized businesses (SMBs) to seamlessly obtain trademarks at a reduced cost to protect their brands, and deal with infringing goods on Amazon EG. The IP Accelerator connects SMB owners in

Business

Visa Partners FTX to Roll Out Bitcoin Debit Cards

According to a report from Bitcoin.com, Visa and FTX have teamed up to introduce bitcoin debit cards in over 40 nations, including the US and certain Latin American, European, and Asian nations. Users will be able to pay for goods and services at businesses that accept Visa cards using

Apple Pay

Fintech Startup, NALA Activates Apple Pay For African Customers In Diaspora

Tanzanian fintech startup, NALA has added Apple Pay to a list of its payment options for its users based in the US and UK. This will enable cross-border payments to beneficiaries dominating East African markets (Tanzania, Uganda, Kenya, and Rwanda) and Ghana. This update comes after the company deployed a

AltSchool Africa

Meet The Three Founders Building Fast Forward Venture Studio to Help African Startups from Idea Level

Opeyemi Awoyemi is a Nigerian serial tech founder having led several significant startups. Before exiting one of his well-known establishments, Jobberman, an online job site founded in 2009 — he was the co-founder. It was eventually acquired by Ringier One Africa Media (ROAM) in 2016. After this, he went on to

Business

Yellow Door Energy Closes $400 Million New Equity to Advance its Projects in the Middle East, Africa and Asia

Yellow Door Energy (YDE), a partner in sustainable energy for businesses, has raised a $400 million new equity round to accelerate the growth of its sustainable energy projects in Africa, the Middle East, and other regions. Actis, YDE’s newest and current majority stakeholder, contributed the finance, and existing shareholders

Business

Mastercard Launch Crypto Source to Offer Crypto Trading Tied to Bank Accounts

A new service from Mastercard will let customers to purchase and sell digital assets using their bank accounts, possibly opening the door for thousands of financial institutions to provide cryptocurrency trading. According to Ajay Bhalla, president of cyber and intelligence at Mastercard, the product, named Crypto Source, will launch in

Business

EEP, Acquires Majority Stake in Egypt’s Education Content Developer, Selah El Telmeez

EEP, Egypt Education Platform, Egypt’s fastest growing education service provider, and The Sovereign Fund of Egypt (TSFE) have announced entering into definitive agreements on 6 October to acquire a majority stake in Selah El-Telmeez (SET), the famous 60-year-old legacy K-12 education content developer. This combines EEP’s distinct education

Business

Airtel Zambia Completes Additional Spectrum Purchase in Zambia

The parent company of the cellco, Airtel Africa, announced that Airtel Zambia has finalized the acquisition of 60MHz of additional spectrum in the 800MHz and 2600MHz bands for a total price of $29 million (payable in local currency). The airwaves would be used to assist the Zambian unit’s network

Business

Eskom Signs First Land Deals for Private Solar, Wind Farms

Eskom has signed a leasing agreements with backers of private energy producers for the development of renewable energy facilities on the property owned by the state-owned utility in Mpumalanga. HDF Energy South Africa, Red Rocket SA, Sola Group, and Mainstream Renewable Power Developments South Africa are the winning bidders. The

BNPL

One Finance Rolls Out BNPL Services in Egyptian Market

One Finance, an integrated consumer financing platform, has launched its Buy-Now-Pay-Later (BNPL) services in the Egyptian market with an issued and paid-up capital of $5 million (EGP 100 million.) For the first time in the Egyptian market, the company introduces an innovative buy now pay later (BNPL) business model by