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Business

A collection of 361 posts

Woolworths Announces Upgrade on Woolies App As It Nears 2M Users

Woolworths Announces Upgrade on Woolies App As It Nears 2M Users

Woolworths has announced it is expanding its online purchasing options to give its local customers a seamless omnichannel shopping experience. In an effort to provide customers with a better one-stop shopping experience, the business claims that its two mobile apps, Woolies Dash (its on-demand same-day buying service) and the Woolies

Vodacom Business Africa Expands Its SD-WAN Solution To 47 Countries in Africa

Vodacom Business Africa Expands Its SD-WAN Solution To 47 Countries in Africa

Following its initial deployment to solely South African companies, Vodacom Business Africa has now made its Software-Defined Wide Area Networking (SD-WAN) solution available to 47 operating nations throughout its African footprint. Supporting the expansion of multinational corporations into Africa is Vodacom’s primary aim. The ongoing creation of creative solutions

NTSA Gives 14 days Ultimatum for Taxi hailing transportation Licence

NTSA Gives 14 days Ultimatum for Taxi hailing transportation Licence

A Fourteen (14) days ultimatum has been given by the Kenyan National Transport and Safety Authority (NTSA) to all digital taxi-hailing firms operating in the country to apply for the provided licence as Transport Network Companies. Recently there was a publication by the authority that publicized the Transportation Network Companies

B.TECH, Egypt’s Largest E-Commerce Platform, Sells 34% Stake to Saudi Egyptian Investment Company

B.TECH, Egypt’s Largest E-Commerce Platform, Sells 34% Stake to Saudi Egyptian Investment Company

B.TECH, Egypt’s omnichannel retailer and consumer finance platform, has sold 34% of its stake to the Saudi Egyptian Investment Company (SEIC), a subsidiary of the Saudi Public Investment Fund, in a $150 million deal as the Saudi Public Investment Fund looks to expand in Egypt. SEIC is acquiring

Klickit Partners with EFG Hermes Corp-Solutions to Offer Education Providers Financial Solutions across Egypt

Klickit Partners with EFG Hermes Corp-Solutions to Offer Education Providers Financial Solutions across Egypt

Klickit, Egypt’s payment management and digital collection platform for education fees, and EFG Hermes Corp-Solutions, EFG Hermes Holding’s subsidiary and leasing and factoring company, have today announced that they have entered into a strategic agreement to provide education service providers with financial solutions to drive the sector’s

Naspers terminates $4.7 billion deal to acquire BillDesk

Naspers terminates $4.7 billion deal to acquire BillDesk

Prosus, a Naspers-owned technology investor, has canceled its purchase agreement with BillDesk, an Indian payments platform. A deal to buy Indian digital payments company BillDesk for $4.7 billion was announced by PayU Payments Private Limited (PayU), a Prosus N.V. (Prosus) subsidiary, and BillDesk’s shareholders on August 31,

MEST Selects 6 Ghanaian startups for Its 3rd Acceleration Program

MEST Selects 6 Ghanaian startups for Its 3rd Acceleration Program

Six Ghanaian startups have been selected by The Meltwater Entrepreneurial School of Technology (MEST), the startups were selected to be part of the 2022 MEST Express Accelerator experience. The selected startups include Africa Goodnest, Digital Health Access, Fluid Finance, Shaq Express, Sommalife, and Tiny Reusers. Meltwater Entrepreneurial School of Technology

Careem Partners with Khazna to Offer New Fintech Solutions to Captains

Careem Partners with Khazna to Offer New Fintech Solutions to Captains

Careem Egypt, the Middle East’s leading ride-hailing technology platform, has announced a partnership with Khazna, a financial Super App that provides simple, technology-driven financial services to Egypt’s underserved population. The agreement will provide Captains working on the Careem App in Egypt with access to all Khazna App services

Sky.Garden Stakes Merger and Acquisition amidst Poor Financing

Sky.Garden Stakes Merger and Acquisition amidst Poor Financing

Kenyan e-commerce startup, Sky.Garden’s founder and CEO, Martin Majlund has announced that the company will close by October 16 – due to shortage of funds – having issued a termination letter in a memo sent to employees earlier in September. Open solely to Kenyan traders, the startup deals in mobile

Rain Telecom Sends Formal Proposal for Telkom Merger

Rain Telecom Sends Formal Proposal for Telkom Merger

Telkom has received a formal, non-binding proposal from Rain Telecom that would see the latter purchase the former by issuing additional Telkom shares. The proposal from Rain was received by Telkom on September 14—more than two weeks ago, the company informed shareholders on Friday. According to the firm, “The

Swvl Rolls Out 100% Electric On-Demand Transit in Belp, Switzerland

Swvl Rolls Out 100% Electric On-Demand Transit in Belp, Switzerland

SWVL, an Egypt-born provider of tech-enabled mass transit solutions, through its technology deployed by mybuxi is implementing a new On-Demand Transit service inside the city limits of Belp in Switzerland. The two companies’ activities in Switzerland have aided over 50,000 residents so far, while further establishing Swvl as the

Cell C Revises its fixed-LTE Services Delivery

Cell C Revises its fixed-LTE Services Delivery

By the end of October, mobile operator Cell C will introduce its fixed-LTE services to business partners. Deena Rajah, manager of wholesale business development at Cell C, says this. Less than a week have passed since Cell C concluded its recapitalization agreement before the announcement. At a breakaway session of

Contact and Trella Join Forces to Disrupt the Mobility Market and Support Trella’s Regional Expansion

Contact and Trella Join Forces to Disrupt the Mobility Market and Support Trella’s Regional Expansion

Contact Financial Holding, Egypt’s leading non-banking financial services company has announced a partnership agreement with Trella, a B2B tech platform and trucking marketplace, via its four subsidiaries Contact Factoring, Contact Leasing, Contact Credit, and Contact Creditech. Each agreement provides a customized service to Trella’s working capital requirements, carrier

Ellies Holdings Limited Proposes Acquisition

Ellies Holdings Limited Proposes Acquisition

On Wednesday, Ellies Holdings issued a warning to investors, stating that it was in talks about possible acquisitions in the solar and renewable energy industries. The business, which only a few days prior issued a warning that job cuts may soon be necessary to maintain its financial survival, announced today

BNPL; Can You Really Eat Your Cake And Have It?

BNPL; Can You Really Eat Your Cake And Have It?

BNPL in the past was called different names, credit cards, asset financing, rent to own, rent to buy, and many more. no matter the name it’s called it still means the same thing. The ability to purchase and immediately own an item and pay in instalments. The item can

Vodacom Connectu Portal Exceeds 34 Million Unique Users In 2 Years

Vodacom Connectu Portal Exceeds 34 Million Unique Users In 2 Years

With more than 34 million unique users visiting the platform over the course of the past two years, Vodacom claims that the zero-rated ConnectU platform has experienced “exponential growth.” This translates to an average of 3.5 million new unique customers per month, according to the telephony group. The portal,

Coronation Merchant Bank secures $20M Trade Finance Guarantee Facility from Proparco

Coronation Merchant Bank secures $20M Trade Finance Guarantee Facility from Proparco

Africa’s premier investment bank, Coronation Merchant Bank (CMB) has secured $20 million Trade Finance Guarantee Facility from Development Finance institution, Proparco to enable partnerships with correspondent banks, thereby increasing access to trade finance in Nigeria. The Nigeria-based bank was founded in 1993 as Associated Discount House Limited (ADHL) and

Sendy Partners With Meta To Train Nigerian, Kenyan SMEs

Sendy Partners With Meta To Train Nigerian, Kenyan SMEs

Sendy a commerce technology organisation has partnered with Meta technology company to bring training to entrepreneurs and SMEs in Nigeria and Kenya. The partnerships came via the innovation Growth Hub (IGHub), the training is meant to help these businesses scale. The SME targeted training is scheduled to hold from the

Telkom Subsidiary, BCX, Prepares Channels for Sell of Alibaba Cloud

Telkom Subsidiary, BCX, Prepares Channels for Sell of Alibaba Cloud

Two channel partners will be appointed by Telkom subsidiary BCX to resell Alibaba Cloud services in South Africa and the rest of Africa. Following the signing of an exclusive agreement with Alibaba Cloud to introduce the Chinese company’s services to the South African market, BCX CEO Jonas Bogoshi made

Absa to Add More Tech Processes into its Branch on the Move Unit

Absa to Add More Tech Processes into its Branch on the Move Unit

Big-four bank, Absa intends to provide more technologically advanced services for its “Branch on the Move” locations, including the activation of facial biometrics technology. In a recent interview with ITWeb, representatives of the bank disclosed this. This is a step in the future journey of the mobile service unit and

Tabby and Paymob Partner to Offer BNPL to Egyptian Retailers

Tabby and Paymob Partner to Offer BNPL to Egyptian Retailers

Paymob, the leading omnichannel payments facilitator in MENAP, and Tabby, the Middle East’s leading payments and shopping app, have announced a partnership to fuel growth for Egyptian retailers by allowing businesses across Paymob’s network to benefit from Tabby’s split-in-four, interest-free payment solution via Paymob’s gateway. Tabby’

Farmerline Ghana Secures $1.5 million From Dutch Investor

Farmerline Ghana Secures $1.5 million From Dutch Investor

Farmerline, a Ghanaian agtech startup has recently secured equity funding of One million Five hundred thousand US dollars ($1.5 million) from Oikocredit a Dutch impact investor. This is Farmerline’s second closing in its pre-series round. The dutch investment brings the total raised fund at Fourteen Million, Four hundred

Capitec Launches Capitec Connect to Provide Data that Doesn’t Expire

Capitec Launches Capitec Connect to Provide Data that Doesn’t Expire

Capitec is the most recent South African bank to introduce a mobile virtual network operator (MVNO), and it promises data at low prices. The bank stated on Monday that it plans to “disrupt the prepaid industry” with a “simplified prepaid solution for phone, data, and SMS.” The bank is launching

IKhokha Launches iK Flyer, a Smart Card Machine for Small Businesses

IKhokha Launches iK Flyer, a Smart Card Machine for Small Businesses

Digital payment solutions created by iKhokha make it simpler for small businesses to launch and grow. They have introduced numerous payment options across the internet and offline company scene in just the past year. iKhokha has just introduced a smart card machine to their range of payment solutions – the iK