Tech In Africa

15 May 2024 - AFEX, Pan African Commodities Player, Ranks 5th on 2024 Fastest Growing Companies in Africa List. Lagos, Nigeria. 14 May 2024, AFEX, Africa’s leading commodities market player, announced that it has secured a place in the Financial Times (FT) ranking of Africa’s Fastest-Growing Companies in 2024.…

15 May 2024 - BuuPass, a Kenyan mobility startup, has acquired QuickBus with plans to extend its operations into Nigeria and South Africa. BuuPass, established in 2016, operates as a B2B2C travel marketplace, enabling users to search, compare, and book tickets through USSD, mobile app, or web platforms. With…

15 May 2024 -   If you’ve been toggling your router on and off to troubleshoot your Wi-Fi issues, don’t fret. The problem isn’t with your ISP. According to Ben Roberts, Group CTIO at Liquid Intelligent Technologies, the Internet connection in East Africa is experiencing severe impairment. He stated that all sub-…

15 May 2024 - MTN Rwandacell PLC (MTN Rwanda) has introduced the country’s first paper-based biodegradable SIM cards, underlining our dedication to environmental protection and sustainable business practices. This initiative complements our existing eSIM offering. Globally, 430 million tonnes of plastics are…

13 May 2024 - Waffarha, an Egyptian group-buying platform, has secured a significant seed funding round in the seven-figure range. The investment will be allocated towards bolstering the company’s technology infrastructure, attracting top talent, and expanding its operations beyond the borders of Saudi Arabia.…

13 May 2024 - Amazon has officially rolled out its online shopping platform in South Africa, coinciding with a surge in online sales driven by the pandemic. This move aligns with previous research indicating Amazon’s strategic interest in leveraging South Africa’s economy as a gateway to expand its presence…

13 May 2024 - Renew Capital has recently invested in Farm to Feed, a Kenyan agri-tech startup, to support its expansion efforts. Farm to Feed operates a business-to-business platform aimed at repurposing surplus agricultural products. Founded in 2020, the company seeks to combat food waste by creating a market…

13 May 2024 - Renda has successfully closed its pre-seed funding round, securing $1.9 million through a combination of equity and debt financing. The round was led by Ingressive Capital, which invested $1.3 million in equity. Additional equity participants included Techstars Toronto, Founders Factory Africa,…

13 May 2024 - Seamfix, a global provider of digital identity solutions, has secured $4.5 million in a private equity funding round from Alitheia IDF, a gender lens investing fund. This funding will enable Seamfix to expand the technological infrastructure behind its solutions, improve data flow crucial for…

13 May 2024 - With great fanfare, global e-commerce giant Amazon has finally dipped its massive toe into the South African market. After months of anticipation following an October 2023 promise, the company’s long-awaited debut has become a reality, offering South African customers a brand-new online shopping…

13 May 2024 - The Nigerian technology community is in an uproar following a surprise decision of Microsoft,reportedly planning to shut down its African Development Centre (ADC) in Lagos. This unexpected development has left employees reeling, as the management informed them of the decision on Monday, May 6th.…

13 May 2024 - Google has unveiled an exciting development for its Hustle Academy program, designed to accelerate the growth of small and medium-sized businesses (SMBs) across Sub-Saharan Africa. Applications are now open for the 2024 cohort, and this year’s curriculum will feature a groundbreaking integration of…

13 May 2024 - In a strategic move to capitalize on the growth potential of its mobile money services, Airtel Africa has announced plans to take its mobile money unit public through an initial public offering (IPO) in 2025. This decision comes as the telecom giant aims to expand its mobile money footprint across…

11 May 2024 - In a groundbreaking move for the African streaming market, Showmax, a collaboration between MultiChoice, NBCUniversal, and Sky, has unveiled a new streaming platform featuring live Premier League games and a diverse content library. This revamped service, complete with a refreshed brand and an…

11 May 2024 - In a move aimed at enhancing financial inclusivity and accessibility, MTN South Africa has partnered with Investec and Electrum to introduce PayShap, a real-time, low-cost interbank digital payments service, on its Mobile Money (MoMo) platform. This collaboration marks a significant milestone for…

11 May 2024 - Madica, an investment program tailored for pre-seed African startups, has announced its inaugural set of investments in three promising companies. In alignment with its mandate, each startup has received up to $200,000 in funding and gained access to Madica’s comprehensive 18-month company-building…

11 May 2024 - In a significant stride towards empowering Kenya’s digital workforce, the Konza Technopolis Development Authority (KoTDA) has entered into a Memorandum of Understanding (MoU) with Acyberschool. This five-year partnership aims to train one million Kenyan youths in the critical fields of artificial…

10 May 2024 - By Dean Smorenburg, CEO at Maltento Small changes can create significant differences in the most surprising of ways. In an infinitely chaotic world, filled with seemingly infinite variables, implementing large and lasting changes to our environment does not necessarily require large changes or…

7 May 2024 - These initiatives tackle the obstacles to accessing tech education and careers while highlighting the crucial role AI skills play in fostering innovation and prosperity. They establish the groundwork for a flourishing tech hub, contributing to economic growth and technological progress. On April 30…

6 May 2024 - iProcure, the Kenyan agritech startup backed by Safaricom’s Spark Fund, is currently under administration after being unable to settle undisclosed debts. KPMG’s advisory division has been appointed as the administrator, tasked with reviving the company. Should these efforts prove unsuccessful,…

6 May 2024 - Nigerian startup Chowdeck, specializing in on-demand delivery services, has successfully raised $2.5 million in seed funding. Nigerian startup Chowdeck, specializing in on-demand delivery services, has successfully secured $2.5 million in seed funding to streamline its operations and enable…

6 May 2024 - The two Kenyan organizations are the only representatives from Africa that will gain access to over $20 million in funding for their projects. Google.org the philanthropic division of Google, has selected Kenya’s Jacaranda Health and EIDU as the sole beneficiaries from Africa in the inaugural…

4 May 2024 - A leading African technology company, Bluechip Technologies, has set its sights on Uganda, officially launching operations in the country. Specializing in data management and analytics solutions, the Lagos-based firm aims to tap into Uganda’s flourishing digital economy and foster technological…

2 May 2024 - Nodle’s blockchain technology will facilitate the real-time tracking of motorcycle taxis in East Africa, with funding provided by Watu. Boda bodas are an integral part of everyday life in East Africa, particularly in vibrant cities such as Nairobi, Kampala, and Dar es Salaam, where they serve as a…

2 May 2024 - By Adele Kazilsky, CEO of FutureGen Labs Despite the popularity of both religious and non-religious public holidays, they do not last forever. They, like all else in this world, are vulnerable to disorder and the randomness of systems which quietly affect our lives in the background. In some parts…

2 May 2024 - Jumia has revealed that Starlink’s high-speed, low-latency satellite internet kits are now available on its platform in Kenya. This marks a new phase in the ongoing strategic alliance that was first introduced in Nigeria. While Starlink services have been accessible in Kenya since 2023, the high…

2 May 2024 - VALR, South Africa’s premier cryptocurrency exchange by transaction volume, has submitted applications for cryptocurrency operating licenses in both Dubai and Mauritius. Since September 2022, the exchange has also secured authorization to operate in the virtual assets market in Poland. Established…

1 May 2024 - The eighth annual Africa Tech Summit (ATS) London is set to take place at the London Stock Exchange on June 7, 2024. This prominent event has historically sold out and draws more than 300 tech leaders, policymakers, investors, and entrepreneurs from Africa and around the world to discuss the future…

30 Apr 2024 - The Central Bank of Nigeria (CBN) has reportedly directed fintech firms like Moniepoint, OPay, Kuda Bank, and Palmpay to restrict new account openings. This move comes after the recent freezing of 1,146 bank accounts linked to unauthorized forex transactions, aimed at preventing further illegal…

30 Apr 2024 - Speaker of Council, Cllr. Mncedi Ndzwanana, has collaborated with the Telkom Foundation, Tshwane North College (TNC), CoGTA, and Eskom to equip the students of Winterveldt High School with vital resources. The school was provided with 31 computers and 34 chairs, a critical step in preparing the…

30 Apr 2024 - The platform for launching careers in Science and Technology acts as an additional approach to motivate students to engage with STEM subjects and consider careers in the STEM sector. At present, young students are developing abilities in problem-solving, creativity, and computer literacy.…

30 Apr 2024 - Wasoko, the Kenyan e-commerce firm supported by investors like Tiger Global and 4DX Ventures, has denied reports that it has shut down its operations in Rwanda, just weeks after halting activities in Zanzibar and pausing operations in Uganda and Zambia. In an email to TechCabal, the company…

30 Apr 2024 - Opera initially valued its stake at $269 million in December 2023 but revised it in subsequent filings due to a smaller financing transaction. OPay experienced significant growth over the past year, partly driven by a currency redesign that caused cash scarcity, prompting more people to turn to…

30 Apr 2024 - Cameroon has been seizing Starlink kits at its borders due to the Internet service provider lacking a license in the country. Starlink plans to discontinue service in regions where it isn’t licensed, including Cameroon, on April 30. Cameroonian authorities worry about Starlink’s impact on the…

30 Apr 2024 - Kubik, an innovative Ethiopian startup that transforms plastic waste into affordable, eco-friendly building materials, has secured $1.9 million in a seed extension funding round. The investment was contributed by African Renaissance Partners, an East African venture capital firm, along with Endgame…

28 Apr 2024 - In a significant stride towards establishing Nigeria’s leadership in Artificial Intelligence (AI) development across Africa, the Federal Government, through the Ministry of Communications, Innovation and Digital Economy, has unveiled the country’s first Multilingual Large Language Model (LLM). This…

27 Apr 2024 - Bayobab, the digital infrastructure company formerly known as MTN GlobalConnect, has made a significant stride in its strategic growth plans with the completion of its structural separation from parent company MTN Group. This milestone aligns with the company’s ambitious 2025 targets set by MTN. In…

27 Apr 2024 - In a move to enhance social connections and enrich digital experiences, Meta, the parent company of Facebook, WhatsApp, and Instagram, has introduced Llama 3, a new AI assistant designed to engage in conversations, make suggestions, and improve user interactions. Llama 3, which was initially…

26 Apr 2024 - Spatialedge, a startup based in South Africa specializing in data and applied AI solutions, has successfully raised ZAR60 million (approximately US$3.1 million) to advance its mission of transforming the retail industry. Established in Stellenbosch in 2017, Spatialedge focuses on providing big data…

26 Apr 2024 - Pula, an agricultural insurance and technology startup, has successfully completed a $20 million Series B financing round. This capital will be used to offer insurance coverage to numerous smallholder farmers in developing nations, who would otherwise lack protection against natural calamities such…

26 Apr 2024 - After two years of foundational efforts, the Financial Sector Conduct Authority (FSCA) has approved 75 crypto asset service providers (CASPs) from a pool of 374 applicants. The list, which was announced this Monday, includes prominent global exchanges such as Luno and VALR. Notably absent from the…

26 Apr 2024 - As Nigeria progresses in its mission to make financial services more accessible, efficient, and cohesive, traditional financial institutions are introducing digital options and the number of fintech companies is increasing. Currently, there are more than 200 fintech firms in Nigeria, and…

26 Apr 2024 - Flutterwave, Africa’s top-valued startup and a leader in digital payments based in Nigeria, has updated its corporate team in preparation for a forthcoming initial public offering, according to the company’s CEO. Speaking at Semafor’s World Economy Summit in Washington D.C. on April 18, CEO…

26 Apr 2024 - Kenyan legislators have ratified a preferential trade agreement with the European Union (EU), resolving a longstanding issue with fellow East African Community (EAC) members who declined a collective agreement in 2016. The Economic Partnership Agreement (EPA) will afford Kenyan merchants duty-free…

26 Apr 2024 - Although a resolution on data-sharing has averted a disruption of service, dissatisfaction among drivers remains widespread. Many are urging Uber to reduce its 25% commission, while others highlight the growing challenges of driving, such as long lines at petrol stations and soaring inflation,…

26 Apr 2024 - In support of President Biden’s Digital Transformation with Africa Initiative and building on the U.S. Department of Commerce-wide Africa strategy, NBA Africa today announced the launch of “Triple-Double: NBA Africa Startup Accelerator,” a startup accelerator based on the continent focused on early…

26 Apr 2024 - Felix Mutati, Zambia’s Minister of Technology and Science, asserts that Africa is emerging as the new world, presenting numerous opportunities across the continent. At the 2024 Connected Africa Summit, Kenya’s President William Ruto emphasized the importance of unity among Africa’s IT leaders to…

24 Apr 2024 - M-KOPA, a prominent African fintech platform specializing in asset finance, has partnered with Bolt, a leading on-demand mobility service in Africa, to introduce an electric bike fleet in Kenya. This joint initiative offers both new and existing drivers the opportunity to lease ROAM and Ampersand…

24 Apr 2024 - Kenya’s Ministry of Information has expressed opposition to any proposals for banning TikTok, advocating instead for increased regulation of the popular Chinese short-video platform owned by ByteDance. During a parliamentary session on Friday, John Tanui, the ICT principal secretary, outlined the…

24 Apr 2024 - South Africa’s Financial Sector Conduct Authority (FSCA) has officially confirmed and detailed the list of crypto asset service providers (CASPs) currently approved to operate. The regulator announced that a total of 75 institutions have been authorized. It addressed reports in some media…