04 February 2023
- The Swiss Confederation’s State Secretariat for Economic Affairs (SECO) has provided strategic funding to eWAKA, a Kenyan startup working to improve sustainable mobility. Through the local production and marketing of eWAKA’s iconic electric bike,…
04 February 2023
- Stockholm and New York-based Supernormal, a generative AI-powered note-taking platform, announced that it has raised €9.1M in a Seed round of funding led by Balderton Capital. EQT Ventures, Acequia Capital, and byFounders also participated in the…
04 February 2023
- Utrecht-based Park ‘n Charge, a company on a mission to become the fastest-installing EV charging station operator in the Netherlands, announced that it has raised €16.4M in a fresh round of funding. The investment came from Rabobank, a Dutch…
04 February 2023
- Aarhus, Denmark-based Kanpla, a B2B SaaS solution company that works to streamline operations and reduce food waste in canteens and kitchens, announced that it has raised €2.2M in a Seed round of funding. Kanpla says it will use the funds to…
04 February 2023
- Apple reported a 5% YoY decline in its released financial result for its first quarter of the fiscal year 2023, marking its first quarterly revenue drop since 2019 and missing Wall Street forecasts.The Silicon Valley giant hinged the poor…
04 February 2023
- Chinese e-commerce giant JD.com is pulling the plug on its Thailand and Indonesian platforms in a major setback for the company’s overseas expansion efforts, according to the South China Morning Post.In announcements posted to their websites on…
04 February 2023
- MNT-Halan joins Africa's unicorn herd! MTN declares ₦2 trillion in revenue in 2022, leading Nigerian companies. Jumia's liquidity takes a historic dip, Amazon launches in Nigeria but delays in South Africa. Read all this and more in this week's TC…
04 February 2023
- Guess the word! Hint: It's a billion-dollar horse.
03 February 2023
- According to the Ghanaian authorities at the time, the bill against MTN was for unpaid taxes for the period between 2014 and 2018 during which time the telco had allegedly under-declared its revenue in its Ghana operations by as much as 30%.
03 February 2023
- The Draft – Techloy's subscriber-only newsletter brings you data-driven news and insights into technology across the world's largest emerging markets from trusted sources. This week (end)'s edition was curated by Emmanuel and edited by Loy.Nigeria…
03 February 2023
- Twitter CEO Elon Musk has revealed that the company will start paying creators for ads that appear in their reply threads. Musk was quoted as saying in a tweet ‘’Starting today, Twitter will share ad revenue with creators for ads that appear in…
03 February 2023
- The details of this deal highlight what might be an answer to a long-asked question of why the North African startup ecosystem hasn’t yet leveraged its relationship with the Gulf region at scale.
03 February 2023
- High expenses and financing costs reduced Airtel's record revenue haul. The company posted reduced gross profit and a 1.7% increase in net gain.
03 February 2023
- Peter Ndegwa, Safaricom CEO has been named among the Top 20 Digital Economy leaders in Kenya by Digital Economy Magazine. The CEO is among the 20 leaders who the Global digital economy-focused publication says are at the forefront of digitalization…
03 February 2023
- Amazon posted better-than-expected revenue growth in its issued first-quarter guidance for the fourth quarter of 2022 on Thursday but was still its least profitable Q4 ever.Net sales increased 9% to $149.2 billion in the fourth quarter, compared…
03 February 2023
- Lulalend, a South African digital lender offering funding options for businesses has raised $35M in Series B funding. The round was led by Lightrock, with participation from German development finance institution DEG, Triodos Investment Management…
03 February 2023
- Tech Nation, the UK government-funded tech startup ecosystem builder which has significantly transformed the UK tech sector in over a decade, has announced that it will cease operations on March 31, following the termination of its core government…
03 February 2023
- Just a few days after appointing Adil Arshed Khawaja as its new board chairman, telecommunications giant Safaricom has announced a raft of changes in its top leadership. The new appointments have seen Esther Masese appointed the new Chief Financial…
03 February 2023
- Pan-African tech firm Liquid Intelligent Technologies has announced a new partnership with telecommunications company Nokia, teaming up to build a new terrestrial fibre route connecting Mombasa (Kenya) to Johannesburg (South Africa). The route,…
03 February 2023
- Liquid Intelligent Technologies and Nokia have joined forces to launch a terrestrial data superhighway in Africa, connecting Kenya and South Africa. The 16,576 km route, equipped with Nokia's transport network technology, will provide 12 terabits…
03 February 2023
- Search queries included “what is AI art”, “what is deep learning in artificial intelligence”, “how to become an AI engineer”, “what is artificial intelligence all about”, “when was artificial intelligence invented" - all of which were Googled 5,000…
03 February 2023
- Despite the drop in investment, fintech is still king. It's the most attractive sector because the "fintech flywheel", as we often say, is complete.
03 February 2023
- Fulfillment and logistics startup Sendy has unveiled a Payment on Delivery product for e-commerce and social commerce vendors in Africa, in a bid to enhance secure online shopping across the continent. The new product comes at a time when e-…
03 February 2023
- Instagram is known for copying rival social media platforms when it comes to features. We’ve seen them clone features from Snapchat to TikTok and now it’s Twitter’s turn. The Meta-owned platform is now working on bringing Instagram Blue with code…
03 February 2023
- Kenya’s largest telco has followed up the appointment of a new board chairman with new hires and a corporate reshuffling as it prepares for life under a new administration.
03 February 2023
- Last year, MTN invested ₦16 billion in MoMo. Despite this, the mobile money operator lost ₦10 billion in 2022 to unauthorised transactions which were caused by a system glitch.
03 February 2023
- The Kenya Network Information Centre (KeNIC), responsible for registering and issuing dot ke domains, has appointed Andrew Mwanyota Lewela as...
Source
03 February 2023
- Gokada, one of Nigeria’s most prominent last-mile delivery companies, reportedly considered selling the business to a competitor, Kwik Logistics, in 2022. Three people familiar with the discussions told TechCabal that the talks were on the table in…
03 February 2023
- Vivo is preparing to bring the V27 series to the Kenyan market to succeed the Vivo V25 from last year. The midrange series is going to have upgrades to the cameras and hardware including a curved display and SONY camera sensors. Vivo is bringing…
03 February 2023
- Meta, the parent company of Facebook and Instagram, posted a revenue drop for the third consecutive quarter in Q4 2022, amid a pullback in ad spending and increased competition from rivals like TikTok.However, this decline only marked a smaller…
03 February 2023
- Vodacom's M-PESA has come in a partnership with Nala to enable International money transfers to the European Union.
03 February 2023
- MTN Group announced that they recently hosted the Board of Mobile Money Corporation, the Fintech subsidiary of MTN Cameroon.
03 February 2023
- Gokada, a Nigerian e-mobility company, has laid off at least 54 members of its staff. On January 31, 2023, the company sent out an email to employees announcing the layoffs and asking them to resign via PeopleHum before the end of the day.CEO,…
03 February 2023
- In a TC Live event on the 16th of February 2023, IFC invites you to join an interesting set of panellists and audiences to discuss how to increase women’s participation in online learning and boost their opportunities in the labour market.
03 February 2023
- Taeillo, a Nigerian furniture manufacturer, has grown from a single product sold on Facebook to a company shipping hundreds of units of furniture each month.
03 February 2023
- Mawingu has announced that they have raised 1.12 Billion KSH in an effort to expand its operation to 25 more counties in Kenya.
03 February 2023
- The Kenya Civil Aviation Authority has said that 80% of the Authority’s services will be digitalized by June 2023. This is according to the Director General Emile Arao who said...
The post KCAA To Digitize Aviation Services By June, New Rule-making…
03 February 2023
- Airtel Africa have announced that they have released their financial results for Q3 2022 wherein they saw an 11% revenue growth.
03 February 2023
- Ralph Mupita, the Group President of the MTN Group called for the modernisation and harmonisation of regulatory framework across Africa at the Africa Prosperity Dialogue.
03 February 2023
- Telkom Group have announced that they have been named the 2023 Top Employer in South Africa by the Top Employers Institute.
03 February 2023
- OPPO is slated to update its Reno8 lineup in the country with the launch of the OPPO Reno8 T series. The company launched the OPPO Reno8 series in late October last year and we expect the Reno8 T 5G and 4G versions to be announced later this month…
03 February 2023
- Payments Solutions Provider, Cellulant, has partnered with a Dubai-based fintech solutions company, Money Q, to enable expatriates to seamlessly pay...
Source
03 February 2023
- Nokia has been selected by Liquid Intelligent Technologies to deploy a next-generation optical transport network connecting Kenya, Uganda, Rwanda, the...
Source
03 February 2023
- ICASA has announced that they have concluded their initial evaluation of applicants to pre-register for community sound broadcasting service.
03 February 2023
- Ghanaian startup FLUID has launched a new platform that helps smallholder farmers access loans, and has already signed one bank on a 12-month contract to provide financing to 25,000 farmers in Northern Ghana. FLUID was first formed in 2020 when…
03 February 2023
- Workonline Communications, one of the largest IP network providers in Africa, has launched its first Point of Presence (PoP) in...
Source
03 February 2023
- Gwala is an innovative fintech firm in Morocco that enables employees to have immediate access to their earned salary once transferred, allowing them to have a better understanding of their money and increase their financial literacy, while also…
03 February 2023
- Samsung has been making phones for a very long time. Its current Galaxy line is what made Android what it is today, and over the years, it has waged a bitter war against other platforms, such as Apple’s iPhone. To some extent, the war has since…
03 February 2023
- DStv is the home for televised entertainment in Africa. Therefore you want to quickly renew your subscription once it expires. While there are many ways to pay for your DStv subscription in Kenya, here's how to pay for it via Mpesa.
03 February 2023
- Twelve African tech startups have been selected for the inaugural ARM Labs Lagos Techstars accelerator, which provides access to up to US$120,000 in equity funding and other types of support. Launched by Techstars, a global investment business that…
