One of Nigeria’s most celebrated and decorated on-air personalities (OAP) Gbemi Olateru-Olagbegi has been appointed as co-founder and co-executive producer for one of Africa’s fastest-growing media and entertainment startups – TNC Africa. Gbemi in December 2021 announced she was quitting her job as an OAP after spending 13 years at…
Author: AdeO
Leading mobile payments and financial services company, Paga Group has partnered with the Bank of Abyssinia to launch its online payment gateway in Ethiopia. The new partnership forbodes well for Paga as it is a strategic development in Paga’s growth strategy. The company through its online payment gateway and other…
CartnShop, a Kenyan retail-tech startup has raised $400,000 funding from investors. The startup will deploy the funds into upgrading its operations. Founded in 2018 by Joe Wambugu, the startup allows any Retail/Enterprise Business to expand their sales channels online to attract new customers, inquiries, sales orders. CartnShop has B2B and…
Finnish vendor of software to telecommunications service providers), Tecnotree in partnership with MTN Nigeria has launched its digital multi-experience platform, “Tecnotree Moments.” The multi-experience partner ecosystem offering aims to create lifestyle bundles of content, applications, and connectivity through a pre-integrated digital partner ecosystem for global, local and glocal high-demand and hyper-growth sectors. The…
Lipa Payments, a South African fintech startup, has raised R10 million ($660,000) funding round from Empowerment Capital’s Imvelo Ventures, which is backed by Capitec Bank. The new investment will enable Lipa Payments build its contactless payment platform in South Africa. Developed in 2019 by fintech entrepreneurs Thando Hlongwane and Roger…
VerifyMe, a Nigerian identity verification and KYC technology startup, in partnership with global consulting firm, Dalberg Advisors, has announced the release of Digital ID in Nigeria: State of the Industry Report. The 33-page report is the first independent assessment of the country’s digital identity and eKYC segment as government, private…
OPay, the African fintech and electronic payments company, has announced the opening of its first store in Egypt to offer all the company’s services and products for individuals and corporates. The move comes as part of OPay’s expansion plan in the Egyptian market and capitalizes on the success the company…
OneOrder, an Egyptian logistics startup, has raised $1 million in seed funding to expand into new markets and improve its technology platform. The investment round was led by Egypt-based early-stage venture capital firm A15. Founded in October 2021, OneOrder aims to address inefficiencies and structural problems faced by restaurants when…
Twitter has announced that Russia appeared to be restricting access to its platform amid ongoing conflict between the Russian military and Ukrainian forces. Twitter Support tweeted Saturday: “We’re aware that Twitter is being restricted for some people in Russia and are working to keep our service safe and accessible.” Ukrainian President Volodymyr…
Elon Musk, the SpaceX founder, has disclosed that the company’s Starlink satellite broadband service is now live in Ukraine and SpaceX is sending more terminals to the country, whose internet has been disrupted due to the Russian invasion. “Starlink service is now active in Ukraine. More terminals en route,” Musk…
The organisers of the ‘Mobile World Congress 2022’ (MWC 2022) have disclosed that it will ban some Russian companies from exhibiting at the conference in Barcelona, Spain, that is scheduled to start on February 28. Russia’s participation at the ‘MWC 2022’ is being restricted by the organisers GSMA following the…
Old Mutual Insure (OM Insure) has acquired a 51% stake in ONE Financial Services, a South African short-term insurance service provider, for R500 million (~$3.3 million). “This transaction supports our strategic ambitions of growing our business, strengthening our distribution capabilities and non-insurance revenue streams,” said Garth Napier, MD of OM…
The vice prime minster of Ukraine, Mykhailo Fedorov has called on Apple to halt product sales in Russia and shut down the App Store. In a letter to CEO Tim Cook, the vice prime minster wrote that Apple should “stop supplying Apple services and products to the Russia Federation.” The…
The Russian invasion of Ukraine in the early hours of Thursday morning has led to the price of Bitcoin falling below $35,000. There has been a decline of more than 8% compared to one day prior with CoinMarketCap reporting that Bitcoin was trading at $34,969 as of 1:22 a.m. ET. Since the high of $68,990 last…
Elon Musk might still be the world’s richest individual, but he is no longer the only person with a fortune of over $200 billion. At the start of the week, Musk had been the only person on Bloomberg’s billionaire index whose wealth exceeded $200 billion. But the global decline in…
It’s been one year since music streaming giant, Spotify launched in 40+ new markets across the continent, including Nigeria. 365 days in, Nigerian music lovers discover more music, local artists find a megaphone for their work, and Nigerian genres get exported across the globe. As Nigerians have become more familiar with Spotify,…
Fawry, Egypt’s leading e-payments solutions provider, announced today that it has signed an agreement with Samer Gharaibeh, Softec Technologies, and Ammar Zawaideh to co-found Roaderz, an innovative crowdsourcing platform that will connect individual couriers and small delivery operations with eCommerce merchants and social sellers. Powered by state-of-the-art technology and AI,…
Jambo, a Congolese web3 startup, has raised $7.5 million in seed funding. The round was made up of Coinbase Ventures, Three Arrows Capital (3AC), Alameda Research, Tiger Global, Delphi Ventures, AllianceDAO, DeFiance Capital, Yield Guild Games and Polygon Studios. A couple of angel investors from the web3 ecosystem like Polygon…
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announces the closing of a $40 million Series A round, the largest Series A round of it’s kind in East and Central Africa. The raise comes 7 months after concluding a pre-Series A…
Wasla, an Egyptian ecommerce startup, has secured a $9 million investment from Contact Financial Holding, Egypt’s largest non-bank financial services provider. With the investment, Contact will support Wasla’s product rollout and regional expansion with a series of investments totalling up to $9 million aiming to realise the startup’s mission to…