Tech

11 November 2022 - Kenya’s telco Safaricom has recorded a 10 per cent drop in net profit to $275.15 million (KShs33.5 billion) for the... Source

11 November 2022 - When the pandemic started, telcos and banks adjusted the rate of sending money to and from their accounts to cushion Kenyans from the harsh economic effects of COVID-19. While some of those measures and directives have since been put to a stop,…

11 November 2022 - 17 percent of MENA start-up investment went to Egyptian start-ups in October 2022. Startups in the Middle East and North Africa region (Mena) have raised $646 million across 69 deals, bringing the total raised so far this year to $3 billion spread…

11 November 2022 - Safaricom has announced the financial results for the first six months of FY23. The announcement was made at Safaricom’s Michael Joesph Centre, where the media also got to meet the Board Chair, Mr. John Ngumi who replaced Michael Joseph in August.…

11 November 2022 - Rwandan insurtech startup Eden Care, which offers affordable, accessible and personalised health coverage to businesses and their employees, has raised a pre-seed round of funding to help it expand across East Africa. Founded last year, Eden Care…

11 November 2022 - The African music industry has grown in leaps and bounds over the past few years due to a variety of factors, including collaborations with local and international artists, music streaming, and social media. However, only...

11 November 2022 - DPO Group has announced the appointment of Judy Waruiru as Managing Director for DPO Africa. In her new role, becoming effective in January 2023, Judy will be responsible for DPO business in more than twenty...

11 November 2022 - It is that time of the year again, when healthcare professionals, industry experts and leaders gather to discuss the impact of emerging technologies on their industry. Taking place at Emperors Palace in Johannesburg on 16-17 November 2022 under the…

11 November 2022 - At a time when people and organisations are becoming more environmentally conscious, using innovative sustainable technology is becoming more important than ever. In fact, the global green technology and sustainability market was valued at more…

11 November 2022 - Within the past several years, independent contractors have been working in almost every country around the world. The reason for this is primarily the cost factor for today’s companies. It is simply not cost-effective to hire workers for a one-off…

11 November 2022 - Before the advent of Industrial Internet of Things (IIoT), Operation Technology (OT) was safeguarded against most cyberattacks.  OT systems’ propriety nature, standards and hard-wired connectivity protected it against malicious attacks. Cyber…

11 November 2022 - With the end of the working year just around the corner, many South Africans are already wistfully dreaming about the holiday period that is on its way. Whether it’s lazy days at the beach, adventures in the Drakensberg, or carefree nights at the…

11 November 2022 - Nigeria’s Zenith Bank has launched a pitch competition aimed at startups with tech-enabled, scalable solutions designed to innovate businesses from different industries. The Zenith Bank Pitching Competition is a collaboration between Zenith Bank…

11 November 2022 - Egyptian B2B marketplace SPEED has been acquired by UAE-based logistics services provider X-ERA as part of the latter’s international expansion strategy, with the value of the acquisition remaining undisclosed. SPEED connects FMCG suppliers with…

11 November 2022 - This week, the Africa Tech Festival (formerly AfricaCom) awarded 11 brilliant startups and innovators who are changing the game in the African tech ecosystem. More in #TCDaily.

11 November 2022 - UPDATE: Junior accounts will turn into ordinary accounts once minors turn 18. Parents will also be able to monitor what juniors are doing with M-PESA. Their M-PESA menu will be simplified. Lastly, they will not be able to access some services such…

11 November 2022 - FCMB will use the line of credit to expand lending activities that will boost the country’s post-pandemic economic recovery and drive more inclusive and climate-resilient growth. It will focus on enterprises in Nigeria’s agribusiness, manufacturing…

11 November 2022 - Emerging markets venture capital firm Quona Capital has announced the final close of its Fund III at US$332 million, significantly exceeding its US$250 million target. Quona Capital was established as an independent venture capital firm in 2015 by…

11 November 2022 - Startup Wise Guys (SWG), Europe’s most experienced startup accelerator and one of its most active investment funds, has selected the second batch of participants for its €7.5 million fund for African startup investment. The program, the first-ever…

10 November 2022 - The 2022 Privacy scorecard report recently launched by Unwanted Witness in partnership with the Centre for Intellectual Property and Information Technology Law (CIPIT) has warned that personal data is in... The post Privacy Scorecard Exposes Abuse…

10 November 2022 - Entry-level consumer electronics, plant-based dairy substitutes and snack food are some of the items Asian businesspeople could consider if they want to expand to Africa.

10 November 2022 - Kuda, the Nigerian, London-based neobank, has expanded into the UK to provide its digital banking services, including direct debits and local transfers, to diasporan Nigerians

10 November 2022 - Dark Fibre Africa is South Africa’s second largest fibre network operator after Telkom-owned Openserve. 

10 November 2022 - Disney+, one of Walt Disney's streaming services has added 12.1 million subscribers in the fourth quarter of 2022 to reach 164.1 million global subscribers.The streaming service which launched in 2019, has steadily climbed in its number of…

10 November 2022 - The Japan International Cooperation Agency (JICA) and the Ministry of Innovation and Technology of Ethiopia (MinT) are pleased to announce the “Ethiopia Startup Innovation Pitch” for investors and companies from Japan, Europe, US, and Ethiopia, as…

10 November 2022 - The bulk of iPhones from markets are pre-owned, as this is still what most people can afford. The brand-new iPhone 12 costs over ₦400,000 for the 64GB model, which is more than the average Nigerian’s annual salary and 13 times the minimum wage.

10 November 2022 - Spotify has launched Spotify Talks Africa, a video series that brings the continent’s music industry stakeholders together in conversation.  Spotify Talks Africa is a forum announced by the music streaming service for featured panelists to discuss…

10 November 2022 - Blnk raises a total of $32 million in a combined pre-seed and seed funding round, which comprises $23.7 million in equity and debt funding as well as $8.3 million in securitised bond issuance.

10 November 2022 - Money to be made in investments that reduce the damage caused by climate-change induced natural disasters.

10 November 2022 - American e-commerce giant has become the first public company ever to lose $1 trillion in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock…

10 November 2022 - South African telehealth startup, Contro, has announced the close of its oversubscribed pre-seed funding round, raising a total of $580,000.Launched in June 2021 by Alex Schmid, Contro focuses on sexual health and confidence treatment. Currently,…

10 November 2022 - Weeks after downsizing its workforce by 20% and shutting down some of its business arms, Kenyan logistics startup, Sendy has received an undisclosed investment from MOL PLUS Co., Ltd, the Corporate Venture Capital of Japanese transport company,…

10 November 2022 - Nigerian fintech giant, Kuda has announced the launch of its new app called "The Money App" for Africans in the UK and Nigeria on the Google Play Store and the App Store. This news is part of its expansion plans globally after it launched its…

10 November 2022 - The concept of quality accommodates a range of perspectives. Over the years, various conceptual definitions of quality have reflected the... Source

10 November 2022 - Smartphone maker Infinix in partnership with Movie Jabber and Crimson Multimedia held an exclusive premiere of Black Panther: Wakanda Forever – a first for East Africa targeting media, influencers, Infinix users and its partners. Infinix’s latest…

10 November 2022 - realme has introduced its latest addition to its C series family, the realme C30s that features a massive battery packed... Source

10 November 2022 - It has been a busy period for smartphones this past few weeks and Vivo is joining in with the launch of the Vivo Y22. This is their device in the under 20K range of smartphones in the country. Vivo Y22 comes with a 6.55″ screen with a notch for the…

10 November 2022 - Xiaomi sub-brand Redmi makes a lot of good, and affordable devices. It has since released the Xiaomi Redmi A1+ for the Kenyan market, and we love the device based on its feature set, price and overall appeal to customers who want a quality device…

10 November 2022 - Muncher, a leading food technology company in LATAM, has closed a $27 million Series B round led by Glisco Partners.Founded by Juan David Jaramillo, Andrés Villarraga and Nimrod Molad in 2019, Muncher operates strategically located modular Dark…

10 November 2022 - TECNO Camon 19 Pro Mondrian Edition has finally arrived in Kenya. It joins the Camon 19, the Camon 19 Pro, and the Camon 19 Pro 5G. This is the more artsy edition and it sure makes people turn heads. It goes for Ksh 35,000 and is available at any…

10 November 2022 - TECNO revealed the Spark 9 series of phones in early 2022. However, the devices have since been supplemented by a new member called the TECNO Spark 9 Pro Sports Edition, which is one pretty phone if all the bells and whistles (mostly its colours)…

10 November 2022 - Nokia has announced that they have launched a Core Software-as-a-Service for 5G.

10 November 2022 - Uqudo, a digital ID Platform has announced that they have joined the Smart Africa Alliance.

10 November 2022 - Telia Cameroon has selected Clear Blue Technologies to help with the Telecom service roll-out in Cameroon for MTN

10 November 2022 - AfyA Care’s Series A capital funding has included a $6 million investment by CardinalStone Capital Advisers (CCA), a manager of a West African private equity fund.  The investment exemplifies CCA’s goal of supporting high-potential growth companies…

10 November 2022 - The Central Bank of Uganda has announced that they have granted 3 operational licenses to MFS Africa.

10 November 2022 - Yassir, an on-demand marketplace providing transportation, grocery delivery, banking, and more, has just announced a $150 million Series B funding round from high-profile investors around the world.  DN Capital, Dorsal Capital, Quiet Capital,…

10 November 2022 - Omnisient, a supplier of consumer privacy-protecting data collaboration platforms in emerging economies, has raised a $3.5 million round of expansion capital, with the help of Buffet Investments, KLT, and the Shoprite Group as the lead investors. …

10 November 2022 - MoneyFellows, an Egyptian fintech startup, has announced the first closure of its Series B round funding, totaling US$31 million.  The startup obtained a US$4 million Series A financing back in 2020, and CommerzVentures, Middle East Venture…

10 November 2022 - Hello Tractor, an initiative from Kenya that encourages tractor sharing across the continent, has won the fifth annual CATAPULT: Inclusion Africa programme.  The CATAPULT: Inclusion Africa program, created by the Luxembourg House of Financial…