Business - (Page 5)

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Business

A collection of 361 posts

Bike-Hailing Business Perils in Nigeria: Examining SafeBoda's Masterplan

Alastair Sussock

Bike-Hailing Business Perils in Nigeria: Examining SafeBoda's Masterplan

After the Lagos state government ban on motorcycles, residents are having to deal with fare hikes and staking their mental health. The ban has also led to the diversification of startups such as Maxng, and Gokada as well as failed business operations as in the case of OPay‘s ORide

Samsung Wallet to Launch Soon in South Africa

Samsung Wallet to Launch Soon in South Africa

By the end of 2022, 13 additional nations, including South Africa, will offer Samsung Wallet, an all-in-one digital wallet app. Samsung Wallet, which launched in June 2022, combines the functions of the company’s password manager, Samsung Pass, with digital payment software Samsung Pay. In South Africa, Samsung Pay was

Sanlam Offers to Acquire Controlling Interest in AfroCentric

Sanlam Offers to Acquire Controlling Interest in AfroCentric

AfroCentric Investment’s board has received an offer letter from financial services business Sanlam, expressing its definite intention to buy a controlling stake in the JSE-listed investment holding company that is majorly owned by black people. The insurance specialist has offered a purchase consideration of R6.00 per AfroCentric share,

Boyot and Misr Real Estate Assets Management Partner to Collect Rent and Pay Utilities Digitally

Boyot and Misr Real Estate Assets Management Partner to Collect Rent and Pay Utilities Digitally

Boyot, an Egyptian-based startup that provides an end-to-end operating system for payments and financial services focused solely on the real estate market has announced a partnership with the Misr Real Estate Assets Management Company to collect rents and pay all utilities including water, electricity, gas, and internet electronically. Mahmoud El

Google and Coinbase Partner to Bring Crypto Payments to Cloud Services

Google and Coinbase Partner to Bring Crypto Payments to Cloud Services

Google, the tech titan, has teamed up with Coinbase, the largest cryptocurrency exchange in the United States by trading volume, to enable users to pay for cloud services with cryptocurrency. Customers in a select group will now be able to pay with Bitcoin, Ether, and Dogecoin. According to Amit Zavery,

Be Mobile Africa Rolls Out EUR & USD Accounts for African businesses

Be Mobile Africa Rolls Out EUR & USD Accounts for African businesses

A new multi-currency business banking platform from Be Mobile Africa has been made available to African businesses. Customers will be able to apply for and open USD and EUR business accounts using the platform within 48 hours without having to physically visit a bank office. Be Mobile promised to make

Fawry Partners Shahid to Offer E- Payments for their New VIP Mobile Package

Fawry Partners Shahid to Offer E- Payments for their New VIP Mobile Package

Fawry, an Egyptian unicorn and a leader in digital transformation and electronic payments, has announced a partnership with Shahid, MENA’s foremost and leading Video on Demand (VOD) platform, to provide digital payment options for their new VIP mobile package in Egypt. This partnership is one of Fawry’s steps

Contact Enters a Cooperation Protocol with Estadat Sports investment to Provide Club Membership Installment Services

Contact Enters a Cooperation Protocol with Estadat Sports investment to Provide Club Membership Installment Services

Contact Financial Holding, a leading Egyptian non-banking financial services company, has announced the signing of a cooperation agreement with Estadat Sports Investment to finance City Club memberships and provide City Club members with benefits and services provided by Contact at a competitive interest rate. Said Zater, CEO of Contact Financial

Misr Italia Properties signs MoU with RiseUp to establish Innovation Hub in Cairo Business Park

Misr Italia Properties signs MoU with RiseUp to establish Innovation Hub in Cairo Business Park

Misr Italia Properties (MIP), Egypt’s leading real estate developer, signed a Memorandum of Understanding (MoU) with RiseUp on the sidelines of Cityscape to establish the first Innovation and Entrepreneurship Hub in East Cairo, located in Cairo Business Park and covering an area of 2500 m2. This agreement is consistent

SmartCIC Launches Connectivity and Field Services in 32 African Countries

SmartCIC Launches Connectivity and Field Services in 32 African Countries

32 African nations now have access to the fixed-line connectivity and field service offerings of global managed service provider SmartCIC. Along with fixed-line connection, SmartCIC has started satellite services that link the 54 nations of Africa. Africa will now be a part of its worldwide presence, which already spans six

Sage Launch Sage Intacct In Mauritius, Two Other African Nations

Sage Launch Sage Intacct In Mauritius, Two Other African Nations

Sage, one of the leading payroll HR and financial technology for small and medium-scale businesses has launched Sage Intacct in Mauritius and two other Southern African Nations. The notable cloud financial management tool provides financial firms with the needed automation and data to keep up with the requirements of managing

Kiwe, a Social Banking App Partners with KlickIt to Provide Education Providers with a Cashless System

Kiwe, a Social Banking App Partners with KlickIt to Provide Education Providers with a Cashless System

Kiwe, a social banking app has announced a partnership with KlickIt, Egypt’s payment management and digital collection platform for education fees to provide schools and educational entities with a cashless system to alleviate cash-handling pain points and empower financial literacy among youth. In their press statement, the startups stated,

Stella stays, UAE’s Proptech Startup Expands into Egypt through a Strategic Partnership with Tameer

Stella stays, UAE’s Proptech Startup Expands into Egypt through a Strategic Partnership with Tameer

Stella Stays, a UAE-based leading proptech startup disrupting the global residential real estate sector with its innovative business model and key offering of tech-enabled branded residences, has announced its expansion into Egypt, introducing a prime location in New Cairo city, through its strategic partnership agreement with Tameer, Egypt’s residential

Geidea and Visa Partner to Accelerate Seamless Digital Payment Solutions across Egypt

Geidea and Visa Partner to Accelerate Seamless Digital Payment Solutions across Egypt

Geidea, one of the MENA region’s largest financial technology companies by market share, has announced a strategic partnership with Visa, the world leader in digital payments, to bring Geidea’s sophisticated payment solutions to the Egyptian market. The strategic partnership of these two payment companies will drive financial inclusion

Milango Partners with ValU to Provide its Customers with BNPL Services Option

Milango Partners with ValU to Provide its Customers with BNPL Services Option

Milango, an Egyptian-based community management solutions platform, has announced a strategic partnership agreement with ValU, the leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform in the MENA region, to provide its customers with BNPL solutions for real estate payments, house services, utilities, and yearly maintenance fees, among other Milango services. Confirming

Bike-Hailing Businesses Perils in Nigeria: Diversification as a Means to What End?

Bike-Hailing Businesses Perils in Nigeria: Diversification as a Means to What End?

To live in Lagos is to survive a living hell – or so it seems. Waking up by 4 am to escape the traffic or at least to get to work early amidst traffic, then having to join the evening rush hour with a population of not less than 15 million

Moroccan Entrepreneurs in Diaspora to Invest $1.946 Billion in Morocco

Moroccan Entrepreneurs in Diaspora to Invest $1.946 Billion in Morocco

Moroccan entrepreneurs in the diaspora plan to invest $1.946 billion (MAD 21 billion) in Morocco over the next 12 months. Karim Ammor, who presided over a delegation of Moroccan entrepreneurs from around the world (MEMs), revealed this in Casablanca on October 6, stating that investment projects are planned across

Treepz, FEMADEC Group Partners, Launch ECO-FRIENDLY BUSES IN Nigeria

Treepz, FEMADEC Group Partners, Launch ECO-FRIENDLY BUSES IN Nigeria

Nigerian-established mobility startup, Treepz, in partnership with FEMADEC Group, has launched eco-friendly buses in Nigeria. This is part of the startup’s effort to “Go Green” an action that will support Nigeria’s contribution to the United Nations Sustainable Goals (SDGs). To achieve this launch, Treepz partnered with FEMADEC Express

Leading Payments Company, Flutterwave appoints Emmanuel Efenure as Head of Risk for Africa

San-Francisco-headquartered pan-African leading payment technology, Flutterwave has appointed Emmanuel Efenure as Head of Risk for Africa; a new unit bore from the Flutterwave Compliance Team — to see to “faster development and implementation of Risk initiatives.” The newly hired Efenure has significant years of experience in the banking sector having worked

Nigerian Mobile Payment Company, Paga Announces $14 billion in Transactions

Nigerian Mobile Payment Company, Paga Announces $14 billion in Transactions

Uk-based pan-African fintech company, Paga has announced its landmark N6.1 trillion (equivalent of $14 billion) made in transactions since January 2012, three years after it was founded. According to the Linkedin post seen by The Ouut, the company has significantly measured its growth per ₦2 trillion. “Total Processed Value

Liquid Dataport Acquires Capacity on Google’s Equiano Cable

Liquid Dataport Acquires Capacity on Google’s Equiano Cable

In South Africa, Liquid Dataport, a division of Cassava Technologies, will be providing much-needed access to reasonably priced internet. The South African economy will benefit from Liquid Dataport’s acquisition of a pair of fiber cables on Equiano, the new West coast submarine cable, which can deliver up to 12

World Bank Supports Egypt’s Quest for a Cleaner Logistics and Transport Sectors with $400M

World Bank Supports Egypt’s Quest for a Cleaner Logistics and Transport Sectors with $400M

World Bank has approved a $400 million development financing agreement to boost Egypt’s logistics and transportation sectors and support the transition to low-carbon transportation along the Greater Cairo Area (GCA) railway corridor. The Cairo Alexandria trade logistics development project will include the construction of a railway bypass to the

Sendy laysoff 20% of its Staff As It Changes Operations

Sendy laysoff 20% of its Staff As It Changes Operations

Kenyan logistics company, Sendy, has laid off more of its staff months after it had laid off 10% of its workforce, this was made known when the company revealed its decision to fully focus on fulfilment services and closed down its supply service. Reporters also made that confirmation as the

Ghanaian logistics, Swiftly, Seeks Funding for Expansion

Ghanaian logistics, Swiftly, Seeks Funding for Expansion

Swiftly, a Ghanaian logistics startup has built a reputation and a solid market presence for itself since it launched, now it is seeking capital funding to push its international expansion project. Launched in 2016, the logistics startup provides users access to compare statements from its network of shipment forwarders, book

Cars.co.za invests $140k in Sun Exchange’s Solar Cells

Cars.co.za invests $140k in Sun Exchange’s Solar Cells

To promote renewable energy in South Africa, solar leasing company Sun Exchange and online auto marketplace Cars.co.za have partnered. Today, Sun Exchange revealed that the automotive platform had invested in a project to supply Karoo Fresh, a commercial farm in South Africa’s Karoo province, with off-grid solar