Payday, a Pan-African fintech startup announced it has joined Techstars Toronto Accelerator program.
The Africa Blockchain Center (The ABC), a Kenyan startup focused on building technology capacity and offering blockchain solutions to key sectors, raised a $7x figure investment from Next Chymia Consulting.
The United Nations World Tourism Organization (UNWTO) signed a memorandum of understanding (MoU) with the African Airlines Association (AFRAA) to strengthen the relationship between the aviation and tourism sector in Africa.
Crop insurance is one of the major risk management strategies used by farmers to financially safeguard themselves from the potential failure of crops, due to climate risk or other uncontrollable natural hazards.
Lleida.net and the international organization Smart Africa have signed a Memorandum of Understanding to cooperate in the digitization of all types of public processes through the use of the SaaS services belonging to the Spanish company.
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria's super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second highest fintech acquisition in Nigeria to date.
The African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state.
Radisson Hotel Group has identified West & Central Africa as key markets in its African development strategy, growing its portfolio from one hotel in 2008 to the current portfolio of 25 hotels in operation and under development.
[Africa Tech Review] Duncan Mochama: Fintech startup Wapi Pay founders Eddie and Paul Ndichu step down from their roles
This has been a very interesting week in tech in Africa. We covered a number of great announcements from a number of tech companies in the region, especially startups.
Liquid Intelligent Technologies was awarded the Best African Wholesale Carrier for the 10th consecutive year at The Global Carrier Awards ceremony in London last night.
MTN Group are humbled to be recognized as the leading African company on the recently revealed Forbes World’s Best Employers list for 2021.
Le Groupe Ecobank se mobilise pour la santé mentale dans le cadre de son engagement pour une meilleure santé
le Groupe Ecobank va célébrer sa neuvième Journée Ecobank, l'événement annuel phare du Groupe en matière de responsabilité sociale et d'entreprise, qui permet de « redonner » aux communautés locales à travers son réseau panafricain
ITFC signe un accord de financement de 100 millions d’Euros pour soutenir le secteur sénégalais de l’énergie
ITFC signe un accord de financement de 100 millions d’Euros avec la SENELEC pour l'achat de produits pétroliers raffinés et aura donc un impact direct sur la production, la transmission et la distribution d'électricité à travers le pays.
Mondia Digital has integrated all of its technology, content and services into the easy-to-use VodaPay Super App environment. It is also responsible for connecting third-party content providers into this ecosystem.
BASF and Cargill expand partnership to develop innovative enzyme-based solutions for the animal feed industry
BASF and Cargill are expanding their partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners’ existing feed enzymes distribution agreements.
The African Development Bank announced the appointment of Bajabulile “Swazi” Tshabalala as Senior Vice President, effective 1 November 2021.
Vodafone has partnered with Thales to connect customers with an Eco-SIM card, a product whose card body is made out of 100% recycled plastic from refrigerator interiors.
Majdi noted that organizations that have migrated to cloud benefit from lower costs, economic efficiency and faster deployment. While these benefits are tempting, it can be daunting to decide which cloud model is right for you.
n what felt like the blink of an eye, the work landscape was transformed as the pandemic spread across the world in 2020.
The Pan-African, cross-sector, climate-first accelerator is seeking fifteen startups from across Africa to apply for funding, expertise, and mentorship via the first pan-African accelerator focused on scaling the most promising climate-focused innovations.
NetSuite customers will be able to automate accounts payable, accounts receivable and reconciliation processes, making it fast and simple to pay bills, send invoices, get paid and gain full cash flow visibility, all from within a unified system.
Announced back in September 2019, the new Pakistan & East Africa Connecting Europe, PEACE, submarine cable has now landed on the shores of Marseille. It will connect Europe to Asia via East Africa.
The Series A investment enables Asante to scale its credit offerings to the underserved segment of MSMEs in Kenya and Uganda, and expand to Nigeria and Rwanda.
With this capital, Summit will direct investments to small and medium-sized enterprises (SMEs) in rural and peri-urban areas across South Africa, focusing on the education, healthcare, and financial services sectors.
Moderna, Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, has announced it will build a state-of-the-art mRNA facility in Africa with the goal of producing up to 500 million doses of vaccines each year at the 50 µg dose level.
Pan-African technology group Liquid Intelligent Technologies announced the launch of its shortest terrestrial fibre route between the East to the West coasts of Africa, connecting Mombasa, Kenya to Muanda, DRC.
Think about how you do business today compared to just a few years ago. Customer service was measured by metrics like how many rings there were before your service department answered. In addition, were your retail staff smiling and pleasant, and did your team respond to a customer email timeously.
Data centres are a growing investment opportunity in Africa. These increased investments is a clear indication that cloud adoption in the region has reached new heights
Google recently announced that it will be investing up to $50 million in African early- and growth-stage startups via its Africa Investment Fund. Here are the 9 Kenyan startups selected to receive equity-free funding.
The latest edition of Kaspersky’s annual IT Security Economics report reveals the growing severity of cybersecurity incidents affecting businesses through suppliers that they share data with.
Every business needs comprehensive protection including a cloud-based email security solution that reduces the complexity of protecting companies from malware, spam and data leakage.
Orange et la Coopération Allemande inaugurent « Orange Digital Center » un écosystème entièrement dédié au développement de compétences numériques et à l’innovation.
The United Nations Industrial Development Organization (UNIDO) has recognised South African NEC XON’s alternative energy Hybrid Storage Solution (HSS) as an innovative technology for promoting sustained, inclusive and sustainable economic growth.
According to the Global System for Mobile Communications (GSMA) 2021 State of the Industry Report on Mobile Money, the number of registered mobile money accounts grew by 12.7% globally in 2021 to 1.21 billion accounts
Kaspersky has unveiled a free platform with tips and tricks for small businesses to help them quickly improve their organization’s security.
Orange Cameroon, German Development Cooperation inaugurate sixth digital center in Africa and the Middle East
Orange and the German Development Cooperation are inaugurating, an Orange Digital Center in Douala, an ecosystem entirely dedicated to the development of digital skills and innovation in Cameroon.
A new initiative by the United Nations Economic Commission for Africa (ECA) is supporting African cities to measure their gross domestic product (GDP) – a vital economic well-being indicator.
Adanian Labs, a pan African venture studio has announced its partnership with EMURGO, the official investment arm of Cardano, blockchain to scale tech startups in Africa and grow the Cardano ecosystem.
Mali a couvert deux cycles de reconstitution du Fonds africain de développement (FAD), le FAD-13 (2014-2016) et le FAD-14 (2017-2019).
Shearwater GeoServices announced the commencement of a 4D monitor survey for Total Angola.
L'audience de confirmation des charges dans l'affaire Le Procureur c. Mahamat Said Abdel Kani s'est terminée devant la Chambre préliminaire II de la Cour pénale internationale (CPI) du juge Antoine Kesia-Mbe Mindua et de la juge Tomoko Akane.
Global software giant Oracle this week announced that it has chosen Johannesburg as the site of its first African data centre.
According to Ryan Mer, Managing Director, eftsure Africa, a Know Your Payee™ (KYP) platform provider, fraudsters are constantly finding new ways to exploit vulnerabilities and attack corporate payment systems.
Global software giant Oracle has announced that it has chosen Johannesburg as the site of its first African data centre.
Kenyan students have been challenged to apply and participate in this year’s global innovation program which is taking place in 44 countries worldwide.
Malware attacks that encrypt company data and systems and demand a ransom payment for release are surging globally.
Morocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion exports made in the car industry at the end of 2018.
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the “PayPal” for Africa.
African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or more this year alone, taking the total up to seven.
Cybereason and Google Cloud have announced a joint collaboration between the two companies to create and bring to market unprecedented Extended Detection and Response (XDR) across endpoints, networks, cloud and workspaces
Lenovo has announced the appointment of Alaa Bawab as the new General Manager for Middle East & Africa (MEA) within Lenovo Infrastructure Solutions Group (ISG).
In November this year, leaders from around the world will gather in Glasgow for the UN Climate Change Conference to explore ways that governments, the private sector, and global institutions can promote sustainable development.
Oracle has announced plans to expand its cloud region footprint to support strong customer demand for Oracle Cloud services worldwide.
Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa.
MTN Group has received recognition on the 2021 Fortune Change the World list.
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un don de 10,7 millions de dollars américains à Sao Tomé-et-Principe pour la mise en œuvre de la première phase de l’Initiative Zuntámon
La SID accorde un financement de $50 millions en faveur de la compagnie ALAFCO Aviation Lease and Finance
La Société islamique pour le développement du secteur privé et la compagnie ALAFCO Aviation Lease and Finance ont signé un accord de financement syndiqué garanti de quatre ans pour 75 millions USD avec une participation de 50 millions USD de la part de la SID.
Les Global Islamic Finance Awards ont nommé l'ITFC la meilleure institution islamique de financement du commerce lors de l'édition 2021 des Global Islamic Finance Awards.
Orange et la Coopération Allemande inaugurent Orange Digital Center, un écosystème entièrement dédié au développement des compétences numériques et à l’innovation.
Orange and the German Development Cooperation are inaugurating an Orange Digital Center in Abidjan, an ecosystem entirely dedicated to the development of digital skills and innovation.
After extensive research and continuous development, Centurion Law Group has launched the Africa Investment Guides series in Nigeria, developed to serve as the African countries’ guide in reflecting and navigating through tough economic times.
CDC is committing approximately $320 million initially and expects to invest up to a further $400 million over the next several years. The transaction is subject to certain final regulatory approvals.
Pan-African fintech startup Carbon partners with Network International to boost digital payment offering
Under the agreement, Network International will issue and process physical Visa debit cards on behalf of Carbon, enhancing the bank’s offering to customers.
The appointment follows an executive search process following the announcement in January 2021 by then Group CEO Ken Njoroge of his intention to transition from his position. Akshay has been serving in an acting capacity since April 2021.
Cloud is transforming teaching and learning as we know it, while fast-tracking education improvement from primary school to university across Africa.
Liquid Intelligent Technologies through its innovation and partnerships arm Liquid Labs, has partnered with Africa Legal, an organization that connects legal professionals across the African continent to launch three online courses on legal technology.
Manufacturing and Production Companies Hit by Ransomware Least Likely To Pay The Ransom, Sophos Survey
Companies in the manufacturing and production sector are the least likely (at 19%) to submit to a ransom demand to have encrypted files restored and the most likely (at 68%) to be able to restore data from backups.
With the large-scale migration of business data and IT services to the cloud – particularly in light of the global pandemic driving a 35 percent increase in online traffic – there has been a notable rise in global data centre construction.
Last week, tech giant Google announced that it plans to invest up to $50 million in African early- and growth-stage startups via its Africa Investment Fund.
[Column] Hyther Nizam: The future of IT - Democratising application development with low-code platforms
With COVID-19 accelerating the digital transformation of businesses, many organisations were forced to adopt a work-from-home strategy, and customers began to increasingly purchase goods and services online.
AfricaNenda, an emerging and independent Africa-led coalition of dedicated digital payments experts on Thursday launched a new digital financial inclusion advisory platform aimed to expand financial access in the continent
Sanlam, Africa’s non-banking financial services group, and Absa, one of Africa’s diversified financial services groups, announced they have reached an agreement to combine their investment management businesses.
AfricInvest, a Pan-African asset management platform covering Private Equity, Venture Capital, and Private Credit, announced the acquisition of a minority stake in the Nigerian insurance company Royal Exchange General Insurance Company (REGIC).
Ghanaian entrepreneur Roberta Annan launches €100m Impact Fund to invest in Africa’s creative industries
Ghanaian businesswoman and entrepreneur Roberta Annan launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises in Africa.
Etihad Cargo signs pharma agreement with Astral Aviation and Kenya Airways to expand its African footprint
Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, has expanded its pharma sector reach into Africa with the signing of a Service Legal Agreement (SLA) with Astral Aviation and Kenya Airways.
[Column] Dumisani Moyo: Winning hearts, minds and market share: Four key focus areas for African retailers
Technology has transformed every aspect of our personal and professional lives, and has left no sector of the economy untouched.
Le Groupe de la Banque africaine de développement a annoncé, jeudi, l’exclusion, pour une durée de 36 mois, de la société Express Automation Limited pour pratiques frauduleuses.
MTN Group announced the appointment of Benjamin Adekunle Awobodu as the new Chief Financial Officer (CFO) for Digital and Fintech.
[Africa Tech Review] Duncan Mochama: Teraco completes first phase of its Cape Town hyperscale data centre campus
This week, the firm announced the completion of Phase 1 of CT2, its new hyperscale data centre in Brackenfell, Cape Town – the largest data centre in the Western Cape.
Afreximbank's FEDA enters Joint Venture agreement with Gateway Partners to co-establish the Africa Credit Opportunities Fund
The Afreximbank announced that the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, has entered into a Joint Venture arrangement with Gateway Partners (Gateway) to co-establish the Africa Credit Opportunities Fund.
The Republic of Gabon became the 14th member state to deposit the instrument of ratification of the African Medicines Agency (AMA) to the AU Commission on 4th October 2021 after ratifying it on the 1st October 2021.
AstraZeneca partners with the Royal Academy of Engineering to support African health tech entrepreneurs
AstraZeneca and the Royal Academy of Engineering (the Academy) announced a new partnership to establish connections between African healthcare innovators and AstraZeneca’s A.Catalyst Network of more than 20 global health innovation hubs.
One of the side-effects of the move away from the controlled environment of the office has been an increase in the threat landscape.
Ogunsanya joined Airtel Africa in 2012 and has retained his MD role throughout his nine-year tenure. He was also leading Airtel Nigeria, the company’s largest African market, from the get-go.
CDC commits $100m to African Development Partners III to fuel medium-sized and large companies in Africa
CDC Group, UK’s development finance institution and impact investor announced a $100 million commitment to African Development Partners III, advised by Development Partners International LLP (DPI), a pan-African private equity firm.
RwandAir and Qatar Airways have signed a comprehensive codeshare agreement to offer travelers more choice, enhanced service, and greater connectivity to more than 65 destinations across Africa and the rest of the world.
The Ooredoo Group has selected Ericsson as its next-generation digital transformation partner for Business Support Systems (BSS) solutions.
Facebook announced the winners of the 2021 Facebook Community Accelerator Program, highlighting the 13 Facebook community leaders Africa who will receive up to $50,000 USD in funds.
Avanti Communications, the leading provider of high throughput satellite capacity across EMEA, announced the launch of Avanti EXTEND, a new managed satellite service for rural connectivity.
MTN Uganda is pleased to announce their intention to proceed with an initial public offer (IPO) and subsequently list on the Uganda Securities Exchange (USE).
M. Hani Salem nommé directeur général en finance commerciale islamique lors des Global Banking & Finance Awards 2021
Ces prix récompensent le rôle stratégique que joue le directeur général de l'ITFC dans les secteurs bancaires et financiers en Arabie Saoudite et au Moyen-Orient, en constante évolution, dans un contexte de pandémie de Covid-19
Globacom selects Eutelsat’s Konnect Africa to bring satellite broadband to underserved regions of Nigeria
Eutelsat Communications and Globacom signed a multi-year, multi-Gbps wholesale capacity contract, enabling Globacom to extend its coverage beyond the reach of its terrestrial infrastructure, leveraging the EUTELSAT KONNECT satellite.
Avantive Solutions announced it will now offer contact center support in South Africa through a new partnership with Outworx Contact Center.
Cloud provides the digital infrastructure for smart cities: in other words, a city’s cloud will function as a storage and analysis system for the data used in everything.
MwareTV announces availability of an entirely customisable OTT service for ISPs and telco operators in Africa
MwareTV, a leading cloud-based multi-tenant platform, has revealed the availability to telco operators and internet service providers (ISPs) in Africa of a new, end-to-end TV solution.
Development Partners International (DPI), a premier investment firm focused on Africa on Monday announced that it has raised $900m in its third round of funding.
African Union partners with APO GROUP to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai
The African Union has announced a partnership with the APO group to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai, to be held from October 2021 to March 2022.
The African Union Commission together with its partners organized the ‘Innovating Education in Africa Virtual Expo 2021’ to showcase technical innovations in education.
With technology evolving and people embracing the likes of mobile wallets, banking apps, and other solutions to manage transactions, businesses must rethink how best to bolster anti-fraud mechanisms.
Nigeria’s B2B payments platform Verto has announced that it has closed $10 million in Series A funding for expansion. The round was led by Quona Capital, an emerging fintech-focused venture capital firm