Tech

13 January 2023 - TeamApt, a Nigerian fintech, adopts the name of its flagship product, "Moniepoint," as it looks to acquire unicorn status.

13 January 2023 - Technology is rapidly changing the face of the retail industry in Africa, and nowhere is this more evident than in the rise of e-commerce and mobile payments. From online marketplaces to mobile payment apps, these technologies are providing…

13 January 2023 - According to data from Africa: The Big Deal, startups in Africa have raised more funding in 2022 than in any previous year.Despite this impressive achievement, there is a sense of disappointment as the numbers fell short of initial predictions. At…

13 January 2023 - Gebeya, based in Ethiopia, is a SaaS-enabled pan-African talent marketplace, and it has just announced a pre-Series A investment from Inclusion Japan, a Japanese VC firm.  Gebeya connects startups, SMEs, and multinational organizations with vetted,…

13 January 2023 - We have relied on SIM cards exclusively as a means of mobile connectivity for the past decade. And rightfully so, they have provided us with multiple means of accessing the internet in this day and age. But much like every piece of technology, in…

13 January 2023 - MetroFibre have announced their plans for its network expansion into homes in 2023.

13 January 2023 - Information security is a critical concern for all organizations, as the protection of sensitive data and systems is vital to the success and survival of any business. Obtaining information security certification can provide numerous benefits to an…

13 January 2023 - The world's largest cryptocurrency exchange Binance is currently facing difficulties in retaining assets. Following the collapse of competitor FTX, many investors have been pulling their crypto out of the exchange in recent weeks.Despite CEO…

13 January 2023 - KarmSolar, a solar power generator and electricity distributor based out of Egypt, has raised $3 million in debt finance to help advance the construction and implementation of the Farafra Solar Grid.  HSBC took part in the investment round with the…

13 January 2023 - Etisalat has announced they have tested and deployed a 5G portable private network MEC functionality with Huawei.

13 January 2023 - Apple says it reached 900 million subscriptions across its services in 2022, according to a company blog post.This includes subscriptions to popular services such as its movie streaming service, Apple TV Plus, and its music streaming service, Apple…

13 January 2023 - In a deal that might be valued up to US$684 Million, German biotech firm BioNTech SE purchased InstaDeep, a Tunisian AI startup founded in 2014.  The purchase is in line with BioNTech’s aim to establish global leadership in AI-driven drug discovery…

13 January 2023 - In a deal that might be valued up to US$684 Million, German biotech firm BioNTech SE purchased InstaDeep, a Tunisian AI startup founded in 2014.  The purchase is in line with BioNTech’s aim to establish global leadership in AI-driven drug discovery…

13 January 2023 - Crypto exchange Crypto.com announced on Friday that it will be making significant reductions to its global workforce, cutting 20% of its employees. This marks the second major layoff at the Singapore-based company, which made similar cuts in mid-…

13 January 2023 - Jetstream Africa, a Ghana-based e-logistics platform for African exporters and importers, has raised US$13 million in debt and equity finance to aid in its expansion.  The funding round included participation from existing investors Alitheia IDF and…

13 January 2023 - In the wake of a global economic slowdown and a tech industry rout, several tech companies including giants like Meta, Elon Musk-owned Twitter and Amazon have made workforce reductions in the past year, dealing a heavy blow to thousands of tech…

13 January 2023 - Releaf, a Nigerian agri-tech startup, has successfully raised US$3.3 million in an oversubscribed pre-Series A fundraising round. Releaf, a Nigerian agri-tech startup, has successfully raised US$3.3 million in an oversubscribed pre-Series A…

13 January 2023 - According to reports, Apple may launch a MacBook Pro laptop with a touchscreen as early as 2025.  The report claims that Apple has dedicated teams working on the project and that an initial version will feature a touchscreen, trackpad, and keyboard…

13 January 2023 - Chilean-born HealthAtom raised a $10 million Series A led by Kayyak Ventures, with participation from FJ Labs, Soma, Amador, Taram, and a number of angels.  The company wants to continue its expansion in Latin America and create a unique platform of…

13 January 2023 - Rotterdam-based Equalture, an HRtech startup has secured €2.5M in funding led by serial entrepreneur Pieter Schoen’s Shoe Investments. Existing investors 4impact and InnovationQuarter Capital, and two angels, also participated in the round. The…

13 January 2023 - Luxembourg-based Tadaweb, a company that provides an open-source intelligence platform to transform how businesses generate intelligence from publicly available data, announced that it has raised €15M in a fresh round of funding. The funding came…

13 January 2023 - UK-based Oxford Ionics, a startup solving critical scalability issues facing the future of quantum computing, announced that it has raised £30M in a Series A round of funding from some of the world’s leading quantum and tech investors. Oxford Ionics…

13 January 2023 - Airtel Zambia has announced that they have rolled out 138 sites across 10 provinces to increase its network accessibility.

13 January 2023 - Denmark-based Evosep, the bioscience company that claims to be leading the standardization of proteomics for clinical use, announced that it has raised €37.48M in a fresh round of funding. Evosep aims to improve quality of life and patient care by…

13 January 2023 - London-based Apperio, a provider of legal spend analytics and matter tracking software, announced that it has secured $7M in a growth funding round led by Molten Ventures. Notion Capital, IQ Capital, Nextlaw Ventures, Volution, and Hambro Perks also…

13 January 2023 - Amsterdam-based VonWood, a digital trading platform for Wood, announced that it has raised €2.7M from Peak, Dutch Founders Fund, Keen, and several strategic partners. The Dutch company says it aims to accelerate the platform’s growth and disrupt the…

13 January 2023 - Edtech SaaS startup Toddle has raised $17 million led by Sequoia Capital India in its Series A round. It also saw participation from Tenacity Ventures and Trifecta Capital along with existing investors Matrix Partners, Beenext, and Better Capital.…

13 January 2023 - In November 2022, OpenAI released ChatGPT, a new interface for its Large Language Model (LLM), which generated significant interest in the potential uses of AI. However, ChatGPT also added complexity to the modern cyber threat landscape as it became…

13 January 2023 - Agritech startup Cropin has raised approximately $14 million in funding from Google and JSR Corporation in a round that saw participation from its existing investors. This comes at a time when the agritech sector has seen funding pouring in on the…

13 January 2023 - PowerSchool has accelerated its international expansion with its new plans to open its first Middle East & Africa office.

13 January 2023 - Three Nigerian startups have been confirmed as participants in the W23 batch of the renowned Silicon Valley-based Y Combinator accelerator, banking US$500,000 in funding among other benefits. The W23 batch of the Y Combinator programme, which played…

13 January 2023 - A team of highly-experienced payments industry professionals have today launched the enza group (enza), a payments company focused on servicing the growing needs of banks, fintechs, and MNOs across the African continent. The African consumer…

13 January 2023 - Zain Group has come into a definite 15-year agreement for the sale and leaseback of its 4,968 tower portfolio in Iraq to TASC Towers Iraq for US$180 million.

13 January 2023 - Vodacom Tanzania's CEO Philip Besiimire met with the country's Minister of Finance to discuss the country's post-pandemic recovery and growth.

13 January 2023 - In the world of smartphones, companies are constantly looking for ways to stand out from the competition. Infinix, a rising player in the mobile industry, has decided to focus on the audio quality of its...

13 January 2023 - When used optimally, Digital Twin technology is a powerful tool in the hands of construction industry players and project owners. As a virtual digital replica of a real object, such as a building or city, a Digital Twin’s primary role is to inform…

13 January 2023 - Kenyan SaccoTech company, Kwara, has agreed to fully acquire software company IRNET Coop Kenya Ltd, which is a subsidiary of... Source

13 January 2023 - Mobile apps have become an integral part of our daily lives and have impacted the way we communicate, access information and complete tasks. We all know how busy life can get, especially as we start the new year. Thankfully, apps are easy to access…

13 January 2023 - South African fintech company Stitch has opened applications for its second startup showcase, which invites early-stage ventures from across the continent to share their solutions with investors and other stakeholders.   The Stitch API, live in…

13 January 2023 - Global PC shipments in Q4 2022 declined by 28.5% from the same period in 2021, according to data from Gartner, marking the largest quarterly shipment decline since Gartner began tracking the PC market in the mid-1990s.The total number of PC…

13 January 2023 - Yesterday, the High Court of Kenya issued an interim order suspending the reintroduction of bank-to-mobile money charges by Safaricom and the Central Bank of Kenya (CBK). The order was issued in response to a petition...

13 January 2023 - Supply chain software startup Flexport is laying off 20% of its global workforce, or roughly 640 employees, according to a memo from co-CEOs Ryan Petersen and Dave Clark.The company, which provides freight forwarding and brokerage services in the…

13 January 2023 - In December 2022, we learned that Nairobi was developing a new payment system, dubbed myNairobi. The platform and its accompanying app were reportedly being put in place with the help of telco Safaricom. “This amazing team of developers and…

13 January 2023 - Meta, the company that owns Facebook, WhatsApp, and Instagram, is shutting down its East African content moderation hub, which will affect about 200 employees, as it moves away from policing harmful content. Sama, a third-party contractor for Meta,…

13 January 2023 - Africa Data Centres will give the Johannesburg Internet Exchange (also called Jinx) and the Cape Town Internet Exchange “free peering” from any of its data center facilities (Cinx). Internet exchanges such as Jinx and Linx, as well as the Teraco-…

13 January 2023 - People familiar with the situation told Bloomberg that MTN Group, Africa’s biggest mobile phone company, is planning to sell off some of its smaller operations in West Africa to focus on its main markets. The telecom giant is currently looking at…

13 January 2023 - Last year, African start-ups raised a record US$5.3 billion. However, that may be the peak because the funding pool is getting smaller as the tech industry slumps. According to data from Buiter Bridges, a market intelligence company, the number of…

13 January 2023 - Twitter clients like Fenix and Flamingo (for Android) seem to be facing an interruption, but the reason is unknown at the moment. The developers of these clients have not received any information from Twitter regarding whether the problem is caused…

13 January 2023 - The Ethiopia-based Gebeya, a SaaS-enabled, pan-African talent marketplace, has announced an undisclosed pre-Series A investment from a Japanese VC firm to drive its ongoing expansion. Headquartered in Addis Ababa with offices in Kenya and Senegal,…

13 January 2023 - In Nigeria, ride-hailing app Bolt is partnering with BNPL startup Credpal to offer a new service: Bolt now, pay later. That’s right; Nigerians will soon be able to take Bolt rides on credit…and pay for them later. More in #TCDaily.