Business - (Page 9)

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Business

A collection of 361 posts

Americana to Expand to Egypt, Invest $26M in New Food Production Lines

Americana Group

Americana to Expand to Egypt, Invest $26M in New Food Production Lines

Americana Group, one of the largest food companies and restaurant chain operators in the Middle East, has expressed interest in investing $26 million in Egypt by launching new product lines, according to a cabinet statement. Mohamed Abdel Wahab, Executive Director of the General Authority for Investment and Free Zones (GAFI)

Dubai-Based Tabby Expands BNPL Payment Solutions to Egypt

Dubai-Based Tabby Expands BNPL Payment Solutions to Egypt

Tabby, a Dubai-based and the Middle East’s leading Buy-Now-Pay-Later (BNPL) and shopping payments solutions provider, has announced its entry into Egypt, to capitalize on the country’s growing e-commerce sector to provide consumers with interest-free, flexible payment options in the face of the rising cost of living. With $275

Banking The Unbanked; A Glimpse of The Nigerian Mind

Banking The Unbanked; A Glimpse of The Nigerian Mind

Humans are blessed with ideologies, most of which are to make them live in the free will they naturally possess. Meanwhile, our actions are an eruption of an in-depth thought process that has been identified and redefined to please, adapt or improve our society and most importantly ourselves. Our ideologies

Flat6Labs, SANAD Launch Agritech Accelerator Program for Egyptian Agritech Startups

agritech accelerator program

Flat6Labs, SANAD Launch Agritech Accelerator Program for Egyptian Agritech Startups

Flat6labs, the Middle East and North Africa’s leading seed and early-stage venture capital firm, has partnered with SANAD Entrepreneurship Academy to launch an agritech accelerator program to help 10 to 12 startups improve their business models, product development, customer relationships, marketing plans, and financial management. This demonstrates Flat6Labs’ commitment

Bruce Nsereko-Lule Becomes General Partner To Nairobi's Seedstars Africa Ventures

Bruce Nsereko-Lule Becomes General Partner To Nairobi's Seedstars Africa Ventures

Bruce Nsereko-Lule has joined Seedstars Africa Ventures, a VC based in Nairobi, that supports early-stage start-ups. Bruce is joining the team, to fill in the position as a full-time General Partner. One of the reasons Bruce is joining the team is to support the start-up’s fund strategy, equipping the

Ghana to impose sanctions on unregistered SIM subscribers

Ghana to impose sanctions on unregistered SIM subscribers

Citizens who haven’t re-registered their Subscriber Identity Module (SIM) cards with Ghana (national) ID would face penalties issued by the National Communications Authority (NCA) from Monday, September 5. This was announced in a press release by the Ghana NCA’s twitter account. According to the body, voice and data

Nigeria's Duplo Raises $4.3 Million in Seed Round For Expansion

Nigeria's Duplo Raises $4.3 Million in Seed Round For Expansion

Duplo, a Nigerian business-to-business (b2b) payment transaction startup which makes seamless payment possible within the African business ecosystem has raised a seed round of Four Million and Three Hundred Thousand US dollars ($4.3 Million ), and proposed to expand its business offering and launch new products. The startup was Co-founded

Nestcoin’s Metaverse Magna secures $3.2 million seed to build Africa’s largest crypto gaming community

Nestcoin’s Metaverse Magna secures $3.2 million seed to build Africa’s largest crypto gaming community

Metaverse Magna (MVM) has raised $3.2 million seed to build Africa’s largest gaming decentralized autonomous organization (DAO). It was incubated in partnership with Old Fashion Research (OFR), a multi-strategy blockchain investment fund. This was after Nestcoin procured a pre-seed fund of $6.45 million in February of this

FinEstate Launches Platform For International Real Estate Investment

FinEstate Launches Platform For International Real Estate Investment

North America-based real-estate establishment, FinEstate, has launched a web platform that enables Nigerians to invest in properties abroad. The organization itself made this known through a press release it published. The platform gives Nigerians access to invest in real estate in other developed nations, specifically in Canada, the United States

Zipline partners with Jumia, launches drone package delivery in Ghana

Zipline partners with Jumia, launches drone package delivery in Ghana

Leading pan-African e-commerce company, Jumia has partnered with California-based Zipline on Thursday, September 1 to launch automated drone for on-demand delivery in Ghana. Zipline is a logistics company launched in 2014 known for delivering whole blood with medical products, including vaccines, infusions, and common medical commodities to countries such as

Vodacom becomes first to launch 5G technology in Tanzania

Vodacom becomes first to launch 5G technology in Tanzania

Vodacom Tanzania plc has launched 5G technology in Dar es Salaam. This was unveiled by the company’s Acting Managing Director, Hilda Bujiku in the presence of Minister of Information, Communications and Information Technology, Nape Nnauye on September 1. The subsidiary is a member company of Vodacom Group Limited, a

DPO Group Kenya Joins Virtual Pay, Secures CBK Payment Licence

DPO Group Kenya Joins Virtual Pay, Secures CBK Payment Licence

DPO Group a payment processing fintech in Kenya has received authorized approval from the Central Bank Of Kenya (CBK), granting it the licence to now operate as a Payment Service Provider (PSP), serving consumers in the country. DPO becomes the second startup reported to have received the same type of

Eni, Italian Oil and Gas Giant Set to Execute 10-GW Solar, Wind Power Projects in Egypt

Eni, Italian Oil and Gas Giant Set to Execute 10-GW Solar, Wind Power Projects in Egypt

Eni SpA (BIT: ENI), one of Italy’s leading oil and gas companies, is planning to build solar and wind power projects with a total capacity of 10 GW in Egypt over the next few years, according to a statement released earlier this week. Claudio Descalzi, Eni’s CEO, made

VerifyMe Launches New Digital Identity, Create Customer Analysis Tool

VerifyMe Launches New Digital Identity, Create Customer Analysis Tool

VerifyMe, a Nigerian identity verification startup, has revealed its new product, QoreID, a reserved identity and analytics tool for business-to-business linking platforms. This newly launched platform is designed to provide API structures and data assistance which will link businesses to people along with their information across the continent. Developed for

Flutterwave Obtains Switching And Processing Licence From CBN

Flutterwave Obtains Switching And Processing Licence From CBN

Nigerian fintech, Flutterwave, has obtained a switching and processing licence. Granted to the fintech by the Central Bank Of Nigeria, the SP licence has been said to be one of the most valuable processing licenses of the CBN. With this licence, Flutterwave can procure switching and card processing transaction services

Shezlong, Egypt’s Foremost Psychotherapy Platform, Expands to South Africa, Evolves into “Upright”

Shezlong, Egypt’s Foremost Psychotherapy Platform, Expands to South Africa, Evolves into “Upright”

Shezlong, now Upright, MENA’s foremost and largest psychotherapy platform has announced the opening of its business in South Africa under the name “Upright” as part of its strategic expansion plan. The choice of South Africa is not unconnected to the existence of a market in mental health therapy. Several

Visa Appoints New Head Of West Africa Region.

Visa Appoints New Head Of West Africa Region.

Visa, a digital payment platform and card payment network, has appointed a new Head for its West Africa region. The appointed, Andrew Uaboi is going to be in charge of the development and execution of the company’s growth strategy in West Africa, he will also lead the company’s

Stake, a Dubai-Based Digital Real Estate Platform, Raises $8M Pre-Series A to Expand into Egypt and KSA

Stake, a Dubai-Based Digital Real Estate Platform, Raises $8M Pre-Series A to Expand into Egypt and KSA

Stake, a Dubai-based digital real estate fintech platform, has raised $8 million in an oversubscribed pre-series A round. MEVP, and BY Ventures led the investment round with participation from Vivium Holding, and Combined Growth Real Estate. The startup has now raised a total of $12 million since its launch in

Boomkit, Nigerian Music-tech Secures 10k Users With Continental Expansion Plan

Boomkit, Nigerian Music-tech Secures 10k Users With Continental Expansion Plan

Boomkit, a music-tech startup in West Africa, Nigeria has revealed that it has acquired a user base of Ten thousand users, a feat that encourages its plans to expand continental-wise. The music-tech is a digital platform via a mobile application that assist Independent Nigerian artists to distribute their art and

Moneymie Nigeria Shutdown B2C Cross Border Digital Banking Service

Moneymie Nigeria Shutdown B2C Cross Border Digital Banking Service

Moneymie, a fintech startup in Nigeria has shut down its cross-border business-to-customer (b2c) service, this was made known in a newsletter startup released recently. This action disenables African immigrants located in North America from receiving and sending money to Ghana, Nigeria and South Africa. According to the message boldly posted

Cashew, a UAE-based BNPL Platform Raises $10M from Mashreq Bank to Expand into Egypt, Gulf Markets

Cashew, a UAE-based BNPL Platform Raises $10M from Mashreq Bank to Expand into Egypt, Gulf Markets

Cashew Payments, a buy-now-pay-later (BNPL) platform based in the United Arab Emirates, has secured a $10 million investment and a strategic partnership with Dubai-based Mashreq Bank to expand its service to Egypt and the entire gulf region, as first reported by The Media Line. Buy now, pay later is an

Talabat Partners with Spinneys to Ensure Seamless Delivery of Goods to its Customers

Talabat Partners with Spinneys to Ensure Seamless Delivery of Goods to its Customers

Talabat, MENA’s leading food ordering and delivery startup owned by Delivery Hero, has announced a partnership with Spinneys, a multinational supermarket chain, to bring thousands of daily grocery and household items closer to their customers. “At Talabat, we work continuously to enhance our product categories and better meet our

South Africa’s MiX Telematics to Acquire Trimble’s Field Service Management Business

South Africa’s MiX Telematics to Acquire Trimble’s Field Service Management Business

The Field Service Management (FSM) division of Trimble will be acquired by MiX Telematics, a South African-based SaaS supplier of connected fleet and mobile asset management solutions. The transaction is subject to standard closing conditions, with Raymond James serving as MiX Telematics’ financial advisor. Stefan Joselowitz, Chief Executive Officer and

Pick n Pay Selects AWS as Its Strategic Cloud Provider as it Migrates IT infrastructure

Pick n Pay Selects AWS as Its Strategic Cloud Provider as it Migrates IT infrastructure

Pick n Pay has switched over all of its on-premises IT infrastructure to Amazon Web Services (AWS). To complete the move and establish a contemporary SAP HANA platform, the store collaborated with Lemongrass Consulting, an AWS premium consulting partner with migration and SAP consulting expertise. Eamonn O’Neill, chief technology

Sympl, Egypt’s Deferred Payment Platform, Partners with CFC to Offer its Customers BNPL Payment Solutions

Sympl, Egypt’s Deferred Payment Platform, Partners with CFC to Offer its Customers BNPL Payment Solutions

Sympl, Egypt’s foremost “Save Your Money Pay Later” platform for bank card holders, is partnering with the Cairo Festival City Mall (CFCM), Egypt’s leading shopping, dining, and entertainment destination, to offer its customers a Buy-Now-Pay-Later (BNPL) payment solution. Customers will be able to shop now and pay later