[Kenya] Andela Secures $100M Series D to build distributed engineering teams and power the future of work
Andela, the company building distributed engineering teams with Africa’s top software developers, today announced the completion of a $100M Series D funding.
Entelect, South Africa’s leading software engineering and solutions company, has entered into an agreement to purchase a majority stake in Netherlands based company Fixx iT.
Pan-African telecoms group Liquid Telecom has appointed Susan M’kandawire Mulikita as CEO of Liquid Telecom Zambia.
With over 40million mobile network subscriptions reported in Tanzania, the telecom sector forms the backbone of a dynamic and inclusive digital economy.
African innovators excelled at this year’s Zayed Sustainability Prize annual awards ceremony on January 14 2019, winning in three out of five categories including Energy, Food and Global High Schools.
Jetways Airlines, Silverstone Air and Skyward Express will from now on use Pesapal’s integrated payment system to process Mpesa, Visa, mVisa, MasterCard and American Express payments on their respective websites
HP has announced the appointment of Elisabeth Moreno as the new Managing Director for HP Inc. Africa effective immediately.
CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria.
Cambridge Pixel is supplying its secondary radar processing and plot extraction technology to Tellumat, as part of an upgrade of the South African Air Force's Secondary Surveillance Radars.
Digital money transfer service WorldRemit has joined forces with NIC Bank for digital money transfers to Kenya.
[South Africa] Naspers to separately list MultiChoice and unbundle its shares to Naspers shareholders
Naspers has announced of its intention to list its video entertainment business separately on the JSE as MultiChoice Group and simultaneously unbundle its shares in this business to Naspers shareholders.
The number of mobile money subscribers rose by 4.7 per cent during the third quarter of last year as telecommunication operators intensified their competition amid changing market sentiments.
Victoria Commercial Bank (VCB), Kenya has gone live with an Appzillon-based omni-channel corporate banking solution to cater to the ever dynamic needs of their tech savvy corporate clients.
Cross network mobile money transfers were done about 2.2 million times between May and December last year.
The South Africa aviation and telecommunication sectors continue to drive the country’s economic growth while assisting the country reap from existing and emerging markets locally and internationally.
As customers demand top notch services grows and competition reach fever pitch, companies are investing millions to improve infrastructure and service quality.
VFS Global has commenced operations with its first Passport Application Centre in the capital city of Accra on behalf of the Ministry of Foreign Affairs.
Telco Systems has announced that it has completed an upgrade of the carrier Ethernet network of Kenya Education Network (KENET), the National Research and Education Network (NREN) of Kenya, from 10GE to 100GE.
Visa has announced that it is launching a global initiative – She’s Next, Empowered by Visa – to encourage women small business owners as they build, sustain and advance their businesses.
Kenya’s telecommunication company Telkom will dedicate KSh. 1 billion, $10 million, into the expansion and optimisation of its 4G and 3G network.
Domains.co.za has officially launched its new Epyc Virtual Private Server (VPS) hosting solution, featuring the new AMD EPYC 7000 Series processors.
Nigeria’s digital content distribution startup Publiseer has been accepted to Singularity University’s Global Startup Program.
Leading digital money transfer service WorldRemit has launched its low-cost digital money transfer service from South Africa to over 145 destinations worldwide.
Microsoft South Africa has appointed Lillian Barnard as its new Managing Director, effective March 1, 2019. Barnard will replace Zoaib Hoosen who has resigned after nearly five years at the helm.
Governments should do more to unlock the potential of technology to facilitate tax compliance, PwC and World Bank report
Tax authorities could do more to realise the full potential of new technology to reduce the tax compliance burden on taxpayers, according to the 2019 edition of the annual Paying Taxes report, produced by PwC and the World Bank Group.
Helios Towers Ltd, the independent telecoms tower infrastructure company has today announced that it has entered into an agreement with South Africa’s Vulatel (Pty) to create a South African infrastructure platform.
Appolonia City has partnered with ATC Ghana, a subsidiary of American Tower Corporation, to deploy cell towers within Appolonia City's 2,325-acre development in Greater Accra.
[Kenya] Lendable closes second round of asset-backed pass-through notes with institutional investors to expand access to credit across sub-Saharan Africa
Lendable, Inc. has announced the closing of an innovative secured dual tranche 36-month note program, called Multi-Originator Segregated Portfolio 2, or “MOP2”.
MEST Africa has opened applications for its second annual MEST Africa Challenge, a Pan-African pitch competition for scale-ups based in Ghana, Nigeria, Kenya, South Africa or Cote d’Ivoire.
Alibaba has this week trained delegates from the government of Rwanda on enabling a digital economy in a four-day workshop dubbed the New Economy Workshop.
Digital lender Branch International has today announced its largest commercial paper issuance to date, raising Ksh500 million, following a Ksh350 million issuance in 2018 and a Ksh200 million issuance in 2017.
The South African Social Security Agency (SASSA) has warned the public to be aware of fraudsters selling SASSA cards on social media.
Vodacom, through its entertainment-streaming platform Video Play, has secured the rights to live-stream the 2018-19 FA Cup, the oldest national football competition in the world.
Gemalto in cooperation with local partner SCINTL, has been awarded the contract for the supply of a Border Management System including airport self-service eKiosks at Entebbe Airport.
Taxi hailing company Uber has launched UberASSIST in Nairobi.
The European Commission and the African Development Bank have signed two co-financing agreements for the Cameroon-Chad electricity interconnection project and the trans-Saharan fiber optic scheme.
Pan-African telecoms group Liquid Telecom has appointed Mohamed Abdel Bassit as its new Regional CEO for Middle East and West Africa
The increased utilisation of public cloud services will enable organisations in South Africa to focus on innovation and accelerate the pace of digital business transformation.
US has reiterating its commitment to strong partnerships with key countries in Africa, specifically naming Kenya as a target for future US aid and investment.
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
According to the GMSA Mobile Economy 2018 report for sub-Saharan Africa, mobile subscribers rose by 44% in 2017 and this was further bolstered by an increase in smartphone penetration that rose by 75%.
More than 70 Kenyan secondary school students have concluded a six-week ICT youth innovation training programme at the Jomo Kenyatta University of Science and Technology (JKUAT).
[South Africa] Special Economic Zone to significantly contribute to the economic and industrial development
The Minister for Trade and Industry South Africa, said the recently designation of the Nkomazi Special Economic Zone (SEZ) will contribute significantly to the economic and industrial development.
To further address the needs of its clients, global consulting firm Protiviti has unveiled a new member firm in Cairo, Egypt.
Digital money transfer service WorldRemit has partnered with Pride Microfinance Ltd to allow customers to send money instantly to 30 new cash pickup locations in Uganda.
The EXPLORE Data Science Academy (EDSA) has announced an online course and a series of data science competitions aimed at making ‘job future’ skills available to South African high school students.
The data centres are expected to deliver the Microsoft Cloud, including Microsoft Azure, Office 365, and Dynamics 365 to Africa, with initial availability in 2018.
Safaricom has now made it possible for M-Pesa users to send money or pay for goods and services even when they have insufficient funds in their accounts.
The Safaricom Technology Academy is a 3-month internship program that is targeted to ongoing Kenyan Degree Students.
Safaricom has launched Ndoto Zetu, an initiative that aims at positively transforming lives of communities across Kenya.
Dubbed ‘Step Up’, MultiChoice Nigeria Chief Customer Officer, Martin Mabutho, said the offer reiterates the firm’s commitment to give more value for money to loyal customers.
Intelsat S.A has announced that it has joined GSMA, to further strengthen the integration of satellite and terrestrial technologies and advance 5G deployments.
[South Africa] The Professional Provident Society partners with Plug and Play to bolster insurance innovations
The Professional Provident Society has announced its partnership with Plug and Play, the world's largest global innovation platform headquartered in Silicon Valley.
Africa’s 50 most funded tech companies in 2018 raised a total of $618M according to the Digest Africa INDEX, an annual report that summarises Africa’s technology investment landscape.
The Kenyan government wants all police officers to undergo a compulsory six-month training on Information and Communication Technology (ICT).
Villgro Kenya has invested $80,000 each in Maisha Meds and Turaco, two companies working to improve health access for low-income Kenyans.
Uganda-based solar energy company SolarNow has raised $9 million in debt arranged by SunFunder, a longtime debt financier for the company alongside co-lenders responsAbility and Oikocredit.
[South Africa] The Global Business Services incentive will create employment opportunities for the youth, Trade Minister
The Minister for Trade and Industry, Dr Rob Davies said the Global Business Services (GBS) incentive which became effective from 01 January 2019 will create employment opportunities for youth in South Africa.
CoralPay Technology, a payment switching and transaction processing company, has deployed the first interoperable Unstructured Supplementary Service Data (USSD) and mobile payment platform to Nigerians.
Cases of cryptocurrency mining and cryptojacking will continue to grow in 2019, as attackers target smart devices and home assistants to build cryptomining farms, according to ESET’s latest trends report.
Blockchain-based social network Jamaa has launched its operations in South Africa to overcome the growing cases of fake news, while enabling all users to get paid just for using the network.
In a bid to protect investors, Capital Markets Authority (CMA) has cautioned the public against participating in any initial coin offering or trading in any coin exchange offered by Wiseman Talent Ventures.
Kenya's third largest mobile operator Telkom has launched Free Zones for its pre-paid voice customers. The Telkom Free zones according to the operator are part of its commitment to offer more value and benefit to its customers.
The Communications Authority of Kenya (CA), has warned of a new malware known as ‘Emotet’ targeting network systems in the country.
Kenyan-owned taxi-hailing app Little has announced plans to roll out minibus services in Nairobi in the new year.
Ethiopian Airlines has announced that it has fully implemented Self Check-in Initiative, enabling its customers to check-in using their mobile device and avoid queues at the airport.
Vanu has announced VanuMapsTM, an unprecedentedly accurate mapping resource capable of detailing where connectivity is lacking and can be provided profitably throughout Africa.
A digital platform called "Multiplica" has been launched to promote and manage the information base on organizations, services and goods in Angola.
The African Development Bank is keeping higher education, science and technology at the top of its development agenda as it backs a proposed African Education Fund.
Africa, Europe and Middle East Server Spending Increased by 24.5% Year Over Year in 3Q18, According to IDC
International Data Corporation's (IDC) Africa, Europe and Middle East Server Tracker shows that in the third quarter of 2018 the server market in these regions reported a year-over-year increase in vendor revenues.
Pay-as-you-go solar and finance company M-KOPA has raised funding from Japanese multinational, Sumitomo Corporation to empower homes and small businesses.
South Africa has successfully launched into space the continent’s most advanced nanosatellite to date - the ZACube-2.
The United Arab Emirates (UAE) will invest US $ 200 million in 18 agricultural technology centers in Angola.
SOL Wallet, a fintech startup, has announced its launch in South Africa.
South Africa continues to be one of the most spammed countries in the world according to the latest findings from Truecaller Insights report.
Known as StarTimes ON, the online video streaming service will be dedicated to providing ultimate entertainment and enriched experience enabling subscribers to access the pay television company channels on the go.
Dimension Data East Africa, trading as Dimension Data Solutions Limited has announced plans to launch its digital business solutions in East Africa in 2019.
Apto Global, the world's first global adaptation skills platform, has announced a strategic partnership with MenaCare, a full-service business consulting firm focused on the transformation of healthcare delivery.
Shipments of wearable devices in the Middle East, Turkey, and Africa (META) region reached 1.13 million units in the third quarter of 2018.
The Board of Directors of the African Development Bank has approved a $7.5 million equity investment in Africa Tech Ventures (ATV) to boost operations of highly scalable companies.
Following months of intensive development, Cell C is now fully compliant with the End-User and Subscriber Service Charter regulations in accordance with ICASA.
Liquid Telecom South Africa, part of the leading pan-African telecoms group Liquid Telecom, has announced that it will establish a multi-billion Rand 4G network in South Africa.
AgroCenta has been selected to be the recipient of $250,000 GSMA Ecosystem Accelerator Grant, funded by UK DFID, Australian AID, and the GSMA and its members.
The Capital Markets Authority (CMA) has announced the publication of a draft Regulatory Sandbox Policy Guidance Note which will facilitate the admission of fintech firms to a Regulatory Sandbox.
Kenya has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page.
GE Renewable Energy and GE Energy Financial Services (“GE EFS”) have announced a new partnership to provide technology and facilitate debt financing for its flagship onshore wind project in Sub-Sahara Africa.
Nasdaq and The Nigerian Stock Exchange have announced that NSE will continue leveraging Nasdaq’s matching engine technology for its equities and fixed income markets.
South Africa’s banking sector is increasingly moving towards a ‘marketplace without boundaries’, shaped by the fast-approaching entry of new digital players.
The World Bank's Board of Directors have approved a $ 50 million project to increase the availability of agricultural technologies in Angola and Lesotho.
Western Union has announced a new partnership with TerraPay to enable mobile wallet and bank account payout options across Africa.
Naspers, a global internet and entertainment group headquartered in Cape Town, South Africa has led a combination primary and secondary US$540 million investment in edtech company BYJU’S.
MTN Group has made several new executive appointments, including the position of Chief Technology & Information Officer and Executive for Corporate Services & Sustainability.
Mastercard SpendingPulse: South African consumer spending shows moderate uptick ahead of the festive season
Consumers are ringing in the holiday season with a solid start to retail sales, according to Mastercard SpendingPulse™, which looks at overall retail spending trends across all payment types.
Sanitary products vending startup YZ-ME International has won a 1 million shillings capital injection from Sinapis Organisation. The startup won the capital during the Sinapis business pitching competition held in Nairobi this month.
The internet has really changed how people do business around the world. Its efficiency and convenience are beneficial to almost every industry. The pay TV sector being one of them.
Yahsat and Hughes Network Systems have entered into a joint venture to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia.
The nightmare before Christmas: Over 50% of South African shoppers have had their financial credentials compromised
Cybercriminals targeting consumers’ banking credentials or online shopping accounts could hit the jackpot this holiday season as shown by the Kaspersky Lab report “From festive fun to password panic: Managing money online this Christmas”,
MTN is implementing the first phase new data regulations as required by the Independent Communications Authority of South Africa (ICASA).
Kenyan Retailer Tusker Mattresses, has registered its footprint in the cyberspace with the launch of a dedicated online store.
The World Bank Board of Directors has approved a $180 million International Development Association (IDA) credit to support Senegal’s efforts to enhance the policy and institutional framework.