- AUTO24 Rwanda, a prominent local car dealership, has made Tesla vehicles available in Rwanda. The move comes after a campaign launched by the dealership in late 2023, encouraging customers to swap their traditional gasoline-powered vehicles for new electric ones, aiding in a smooth transition to…
- Under the guidance of Saad Kassis Mohamed, WeCare has secured USD100,000 through SilverLake Capital to offer vital aid to Sudan during its critical period. These funds are earmarked for rebuilding homes in areas hit hard by the recent economic turmoil. “WeCare has diligently raised substantial…
- Four former senior managers at Paystack, the prominent African payment company, are embarking on a new venture together in the continent’s burgeoning grocery delivery space. Yinka Adewuyi, Gbadegbo Gbade-Oyelakin, Abdulrahman Jogbojogbo, and Abiola Showemimo, all early employees who spent at least…
- Here is the content with improved transitions and flow, allowing the sentences to connect to each other: Telkom Kenya, the country’s third-largest telecommunications company, has experienced a significant setback as it lost approximately 800,000 subscribers in the past three months. This subscriber…
- Fintech company Unlimit has achieved another significant milestone in its regional expansion by obtaining a payment service provider license from the Bank of Tanzania (BOT). This approval paves the way for Unlimit to introduce a range of new offerings, including business payments, merchant services…
- EMURGO Africa, the investment and commercial arm of Cardano in Africa, has announced the launch of EMURGO Labs, a dedicated development entity focused on emerging Web3 technologies. This new initiative is designed to support the growth of established and nascent Web2 and Web3 organizations across…
- After its launch in 2023, TikTok introduced its “Add to Music App” feature to users across 163 countries globally, including 41 nations in Sub-Saharan Africa such as Kenya and Nigeria. This new addition empowers music enthusiasts to seamlessly save songs they discover on TikTok to their preferred…
- The BimaLab Africa Insurtech Accelerator Program, an initiative by FSD Africa, has secured $600,000 in funding from the Swiss Re Foundation. This financial boost will enable the program to extend its reach across five additional African countries, complementing its existing presence in ten nations…
- The Nigeria Securities and Exchange Commission has put forward a proposal to increase the minimum paid-up capital for virtual asset service providers (VASPs) to ₦1 billion, which is double the previously proposed requirement of ₦500 million. The paid-up capital requirement encompasses bank balances…
- “At Present, Quantum Computing Resembles Classical Computing in the 1960s.” The advent of quantum computing is poised to revolutionize the landscape of cyber attacks. Although not yet fully realized, its imminent arrival warrants keen observation and preparedness for its potential impact on…
- Last Thursday, February 15, Ethiopian Investment Holdings (EIH), the investment arm of the Ethiopian Government, signed a memorandum of understanding with Hong Kong-based West Data Group’s Center Service PLC to initiate bitcoin mining operations. The collaboration is governed by a comprehensive…
- Gebeya, a Pan-African technology company, has recently forged a partnership with O’Reilly, a renowned American learning company, to enhance the technological skills of Africans. “We are excited to announce our partnership with Gebeya for this impactful initiative aimed at empowering thousands of…
- NetBlocks, through its Cost of Shutdown Tool (COST), has disclosed that Nigeria incurred a loss of ₦273 billion ($593.6 million) over a span of four days. Top10VPN has estimated that the internet outages in West and Central Africa have incurred a cost of $112.5 million (USD) up to midday on Friday…
- Since the Central Bank of Nigeria (CBN) announced a floating FX regime in June 2023, the naira has depreciated by as much as 68% in value. For businesses with a portion or all of their operating expenses tied to the dollar, this has resulted in increased operational costs and, in certain instances…
- One month after Uber’s announcement of its plans to back Moove in a $100 million funding round, the Nigerian vehicle financing platform has indeed secured a $100 million Series B. This strategic move marks a major advancement for the company, signaling its intent to venture into untapped markets.…
- mTek, an innovative online insurance platform, has successfully raised $1.25 million (KSh 167.8 million) in funding to drive its expansion in the Kenyan and East African insurance markets. The company plans to leverage the investment from Verod-Kepple Africa Ventures and Founders Factory Africa to…
- Kuda Technologies, the Nigerian-based parent company of Kuda Microfinance Bank, has recently obtained payment licenses in Tanzania and Canada. This significant achievement paves the way for the company to expand its presence across the African and global markets. One of the licenses will enable the…
- Meet Kehinde Olutubosun, a visually impaired individual from Nigeria with a passion for geography and animals. Despite his enthusiasm, accessing information has been a challenge due to the lack of a smartphone. However, this is about to change thanks to an innovative solution powered by artificial…
- Omnispace, a satellite broadband service provider based in the US, has entered into a partnership with MTN Group to enhance the mobile operator’s terrestrial mobile network. Utilizing 3GPP standards, the collaboration aims to deliver services to both mobile consumers and enterprise IoT customers…
- Zone, a Nigerian blockchain startup aiding banks and fintechs in payment processing, has secured $8.5 million in its first venture capital funding round since transitioning into an independent entity in 2022. Previously integrated within its parent company Appzone, Zone attracted investment from…
- South Africa progresses in its efforts to establish a competitive electricity market as legislation laying out the framework moves forward. The Electricity Regulation Act Amendment Bill, aimed at opening the national power grid to private generators, received approval from the national assembly on…
- According to a recent report by the Uptime Institute, a significant majority of datacenter operators, approximately three-quarters, have a workforce comprising 10 percent or fewer women. The underrepresentation of women in the datacenter industry is largely attributed to the influence of cultural…
- Kenya holds the top spot in digital advancement within Eastern Africa, as highlighted by the 2023 Eastern Africa Youth Digital Readiness Index, boasting a leading score of 26.75. This positions Kenya at the forefront of the region’s digital infrastructure development, which includes an extensive…
- In Tanzania’s Zanzibar archipelago, rural agriculturists are employing an AI-powered application named Nuru, which operates in the local Swahili language, to identify a catastrophic disease affecting cassava crops early on to prevent its spread. Meanwhile, in South Africa, computer science experts…
- The world is going electric — from vehicles to smartphones, portable electronics and renewable energy storage systems. According to Oscar van Antwerpen, who is the director and founder of leading geological consulting firm Minrom, this battery-powered world is fueled by crucial minerals like…
- OPPO, an international leader in smart devices, is excited to unveil its commitment to enhancing the Internet of Things (IoT) ecosystem with its latest product offerings for 2024, specifically targeting the South African market. IoT, for those who might not be familiar, involves a network of…
- Jacques Jordaan, CEO at Specno As children and awkward teens, the opportunity to dedicate time and effort to learning was neither well understood nor as appreciated as it should have been. Only once our lives devolve into an ever-more complex array of decision-making and stress do we, now adults,…
- The investment landscape for Africa’s technology startups faced significant challenges in 2023, feeling the effects of a global investment downturn often referred to as the “funding winter.” According to the 2023 African Tech Startups Funding Report by Disrupt Africa, there was a near 28% decrease…
- FutureGen Labs is proud to announce its status as the only ISO-accredited genetic laboratory to offer carrier screening in South Africa locally, signalling a revolutionary change to the country’s reproductive healthcare sector. The announcement follows the company’s participation in this year’s…
- Here’s my attempt at improving the flow, transitions, and connecting the ideas/context: TowerCo of Africa Uganda, a prominent tower infrastructure company, is set to bridge the digital divide in the East African country with a significant $40 million investment in long-term financing from European…
- Showmax dominates the market with an extensive collection of local content, strategic partnerships with Comcast and HBO, and exclusive rights to major football leagues worldwide. Showmax has surpassed Netflix to emerge as the leading streaming platform in Africa, as Amazon’s Prime Video scales back…
- The upcoming elections highlight the growing concerns surrounding artificial intelligence (AI), a powerful technology with vast advantages, yet accompanied by substantial hurdles. Artificial intelligence (AI) poses a significant threat to the integrity of the upcoming 2024 elections. From launching…
- Moroccan FinTech startup tookeez has proudly secured a substantial USD 1.5 million in a recent fundraising round led by the esteemed Azur Innovation Fund. Known for championing innovative and ambitious ventures, the public-private seed capital fund is dedicated to enhancing the customer loyalty…
- EQDOM and AUTO24.ma, major players in the consumer credit and automotive industry sectors, have signed a partnership aimed at improving the used vehicle buying experience in Morocco, with a focus on the quality of the user experience at the heart of the transaction. This partnership seeks to…
- The Fundza Literacy Trust actively celebrates International Women’s Day by releasing its annual digital survey results for 8 March 2024, showcasing the role of digital platforms in advancing literacy and educational equity among women. With over 4.1 million site visitors in 2023, Fundza’s zero-…
- Innovative AI-powered fintech startup BFREE has secured $2.95 million in fresh funding led by Capria Ventures, a VC firm investing in applied generative AI solutions across emerging markets. This is a major milestone for the Nigerian company pioneering customer-centric solutions for both borrowers…
- Telecom operators such as MTN and Airtel are increasing their investments in infrastructure across Nigeria, leading to more Nigerians transitioning to 4G and 5G networks. MTN Nigeria’s CEO, Karl Toriola, announced in a recent investor call that the company has witnessed a 2.7% increase in the…
- The cricket landscape in South Africa may soon undergo a significant digital transformation, with the integration of artificial intelligence and blockchain technology aimed at enhancing the sport’s appeal among fans and opening up new avenues for revenue for stakeholders. A recent trial involving…
- MDaaS Global, a health tech startup, has successfully secured $3 million in pre-Series A funding to enhance its services. This funding will primarily support the expansion of its tech-driven diagnostic centers throughout Nigeria. Additionally, the investment will help in the further development and…
- After several unverified reports, the Financial Times has officially confirmed the arrest of two Binance executives in Nigeria this week. Last week, both executives traveled to Nigeria in response to a ban on their website, only to be apprehended by the office of the National Security Adviser (NSA…
- On Wednesday, a significant service disruption affected millions of MTN Nigeria customers, rendering them unable to make calls or access the internet. The outage, lasting four hours, was attributed to multiple fiber cuts, as indicated by the company in an official statement. The telecom company…
- Apple has ventured into the sports industry by introducing Apple Sports, its inaugural sports application. The Apple Sports app for iPhone users offers real-time score updates, essential information, and live betting odds for an enhanced sports viewing experience. Upon its launch, consumers will…
- The need for greater digital transformation within South Africa’s business landscape can be a tricky concept to grasp, as the digital landscape is decentralised and ephemeral. As a nation, however, we cannot hand-wave the need for progress because we are comfortable with the status quo; unless…
- Logidoo, a Senegalese logistics marketplace platform, has secured a substantial funding of US$1.5 million to bolster its strategic growth initiatives. Founders Factory Africa, Sunny Side Venture Partners, 216 Capital, Maroc Numeric Fund II, Gullit VC, and Kalys Ventures were key participants in the…
- In the last five years, Kenya has been overlooked by fintech investors, causing it to fall behind Nigeria, Egypt, and South Africa, according to a report by Nigerian market intelligence firm Stears, which specializes in African investments. The report highlights that Kenya only captured 8% of the…
- Bolt, the Estonian ride-hailing company, is set to make its debut in Gaborone, the capital city of Botswana, entering a market currently dominated by its sole competitor, inDrive. Bolt has announced that it will waive its standard commission fees for drivers, typically ranging from 15% to 20% of…
- Education and talent development are fundamental in propelling technological innovation across Africa. In light of the continent’s expanding tech ecosystem, dedicating resources to education, skill enhancement, and cultivating an innovative environment are pivotal in propelling the growth of the…
- Roboost, an innovative startup based in Egypt focusing on delivery management, has successfully secured $3 million in funding. This significant investment will fuel the company’s strategic plans for regional expansion and growth. Silicon Badia spearheaded the investment round, with contributions…
- AlGROWithm, a Nigerian startup, has secured funding to broaden the reach of its exclusive Growth Talent Accelerator Programme across six African nations. Digital Africa has generously provided our company with the necessary funding to extend our training programs into new African markets.…
- Nomfro Technologies is thrilled to announce the launch of the fourth edition of the Entrepreneurship Empowerment Project (NTEEP). This initiative offers 500 new startups the invaluable opportunity to network with fellow like-minded entrepreneurs. Applications are now open! Launched in 2020, NTEEP…
