ValU made the announcement on Wednesday that it has acquired a minority share in the local fintech company Kiwe. Kiwe is the first social payment software that makes it possible for unbanked individuals in Egypt to get bank accounts. At the moment, EFG Hermes Finance, EFG EV Fintech, dfin Holding, and Marakez are all owners […]

The Nigerian Central Bank (CBN) has revealed that it will replace the current designs of the N200, N500, and N1,000 bank notes with brand-new versions by the end of the year 2022.  In a special briefing that took place on Wednesday, the Governor of the Central Bank of Nigeria, Godwin Emefiele, made the announcement. According […]

  South African telecoms operator Telkom has unveiled it’s 5G high-speed internet network adopting technology from Huawei. The company revealed this on October 27, highlighting the need to boost its fast-growing mobile data and fixed-line broadband businesses amid the increasing demand for broadband. Telkom, which the South African Government partly owns, is now in the […]

Following a successful launch in August, Moove, a mobility fintech company and Uber’s largest car supply partner in EMEA, has given the company £15 million so it can expand its UK operations. In August, Moove made its debut in London with a 100% electric car rent-to-buy model. This model gives mobility entrepreneurs the opportunity to […]

Students representing Nigeria at the 2022 First Global Robotics Challenge in Geneva, Switzerland, have showcased the country in a great light, bagging the third position. Following a demonstration of the values of the First Global Community, displaying professionalism and building bridges along with other contestants, Team Nigeria was awarded a bronze medal for the Dr […]

The Co-Creation Hub (CcHub), in partnership with Google, the Ministry of ICT, Innovation Rwanda, and the Mojaloop Foundation announces the six startups selected for the Fintech Incubation Program. The Fintech Incubation Program and other growth-oriented programs make up the Fintech Innovation Project. With Mojaloop serving as the national payments switch, the program is a component […]

Pharmaceutical platform i’SUPPLY has Secured pre-seed investment of US$1.5 million.  The pre-Seed round, which included participation from other investors had Disruptech Ventures served as the round’s lead investor. The Chief Executive Officer of isupply, Ibrahim Emam, made the following statement: i’SUPPLY’s initial launch is scheduled for the end of 2021, and the company’s ultimate goal […]

Startup founders and tech companies in Nigeria have been forced to contend with legislative roadblocks and a dearth of fundamental conveniences such as a reliable supply of energy, amongst other challenges, for a number of years now. The Nigeria Startup Bill became law in the middle of 2021. Its primary objective is to help technology-enabled […]

Airtel Africa Plc, a telecom company, has announced that it has purchased extra spectrum in Tanzania. The 140 MHz spectrum divided across the 2600 and 3500 MHz bands was sold to Airtel by the Tanzania Communications Regulatory Authority (TCRA) for $60.1 million. This aims to provide enormous capacity to match the nation’s continuous robust data […]

TikTok has a ton of security safeguards that might limit the kinds of material that young users can view.  By implementing certain suitable safety settings, you may, as a parent, ensure that your children are safe on TikTok. Connecting their accounts using the ‘Family Pairing’ option will help restrict their exposure to objectionable material on […]

VUZ, a social app, has recently raised $20 million in Series B funding. The app enables users to stream and experience immersive realism in extended reality and metaverse digital experiences. Some of the investors in this round of funding include DFDF (Dubai Future District Fund), WIN (Webit Investment Network), SRMG, Elbert Capital, Yasta Partners, Faith […]

A go-slow protest has been organized by Uber and Bolt drivers in Kenya to put pressure on both ride-hailing companies to reduce the commission that is paid on the drivers’ fees. In comparison, Bolt’s commission rate is 20%, while Uber’s is 25% for each ride. Taxi drivers have long complained about their inadequate pay and […]

The first-ever “SESA Call for Entrepreneurs” has now been launched. This call by Smart Energy Solutions for Africa (SESA) is a consortium project searching for small startups or enterprises in its startup stage. The eligible enterprises that come for this should be environmentally friendly and, most importantly, they should be owned by women. Since access […]

Since its start in January 2012, the African mobile payments company Paga has said on LinkedIn that it has successfully completed around 6.1 trillion (or $14 billion) in transactions. In the post about celebrating, the UK-based African fintech company showed how much their processing speed had improved. According to them, the company grew gradually at […]

The Cape Innovation & Technology Initiative (CiTi), which is mostly based in South Africa, has opened a branch in Kigali, Rwanda, in East Africa. It also announced a new partnership with Jasiri Accelerator of the Allan & Gill Gray Philanthropy (AGGP) and Jasiri Talent Investor program, an initiative designed to develop exceptional and responsible entrepreneurs. […]

Liquid Dataport, a subsidiary of Cassava Technologies (formerly Liquid Telecom Group), has acquired a pair of fiber cables on Equiano, the new Google-owned subsea cable linking South Africa and Europe along Africa’s west coast. According to the company, “the cables give Liquid access to a bandwidth of 12Tbit/s on the new Internet cable, which will […]

South African green-tech startup Brayfoil Technologies has won the Energy Investment Village pitch competition at the GEA Summit. Brayfoil is a company that makes turbine blades that change shape when there is less load on them. This lets devices be bigger, more effective, more reliable, and cheaper. The aerospace, automobile, sailing, and wind energy industries […]

Finance leaders, investors, and corporate boards are calling for more diversity and a reduced gender gap. Despite managing 40% of SMEs, women receive only 1% of venture capital (VC) investments in Africa. Women-founded companies generate twice as much income per dollar invested as men-founded companies. This deficit is now costing countries in sub-Saharan Africa $95 […]

African and worldwide data center operators are relying more on renewable energy sources due to electricity shortages. Rob Saunders, CTO of Raxio Group, affirmed that the footprint of the African data center industry will go from 127MW to 267MW by 2027. He said that in order to meet the rising demand for electricity, there are […]

Through a partnership with Digital PayGo, Ukheshe’s SME in-a-box solution is making observable improvements to the lives of millions of people in Zambia. These changes include making business owners’ transactions easier and giving more people access to financial services. Digital PayGo, a local Zambian fintech company that is enhancing the digital payment space for SMEs […]