A new report titled The State of B2B Payments in Africa compiled by Duplo, a business payment platform for African businesses has revealed ease of use, reliability and speed as the preferred features for African businesses when it comes to business-to-business payment methods. The report surveyed the opinions of more…
Author: AdeO
The Federal Government of Nigeria has commissioned the Digital Nigeria Centre (DNC) at the Father O’Connel Science College, Minna, Niger State. The initiative is part of the Federal Government’s agenda to transform the most populous black nation into a wholesome digital economy. The Minister of Minister of Communications and Digital…
Africa’s integrated payments and digital commerce company, Interswitch, and international innovative retail banking and electronic payments solutions provider, Compass Technologies have teamed up to boost Interswitch’s payment card processing capacity in Africa. As part of the partnership, Interswitch will leverage TranzAxis, a cloud-based, and service-oriented architecture developed by Compass Plus…
TLcom, the Africa-focused venture capital firm, has appointed Eloho Omame as a Partner, bolstering its capabilities as it ramps up deployment of TIDE Africa Fund II, its new $150mn pan-African tech fund. As well as focusing on the firm’s traditional remit of seed to Series B investments in high-growth, tech-enabled…
Abeg Technologies has gotten an Approval in Principle (AIP) as a Mobile Money Operator (MMO) in Nigeria. In addition, to underline its evolution from a money transfer app to a social commerce platform, Abeg, Which is a product of Piggytech Global Limited, is rebranding completely to “Pocket by Piggyvest” (PocketApp). …
African fintech platform, Nomanini has launched a new supply chain finance solution dubbed StockNow. The solution serves as a bridge that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale. Founded in 2010 and headquartered in South Africa, Nomanini is a fintech platform that provides informal…
Cape Town and San Francisco-based big data startup, Zenysis Technologies, has secured a $13.3 million Series B round led by the Steele Foundation for Hope (SFFH). Venture capital investor Peter Thiel and Silicon Valley venture capital firm 500 Startups also participated in the round. The startup will deploy the funds…
Egypt’s fintech MNT-Halan has acquired B2B e-commerce platform Talabeyah for an undisclosed amount. Founded in 2017 by Mounir Nakhla, MNT-Halan provides digital solutions, including lending, buy now pay later, e-commerce, payments, and mobility and on-demand logistics, supporting its mission to empower underserved communities, address inequality and female economic participation. On…
Audiomack has entered into an agreement with Universal Music Group (UMG) which will see UMG content available to Audiomack’s subscribers across Africa, the United Kingdom, and Canada. This expands on a previously signed licensing agreement between Audiomack and UMG for the U.S. The new expansive agreement will now make a…
Nigeria’s AFEX has announced it is expanding into Kenya. The commodities exchange and commodities market player as part of the expansion has launched a $1 million loan program that will allow farmers to gain access to seed and fertiliser for their crops, to mitigate ever-rising commodities prices. The program will…
The 2022 edition of the Pitch AgriHack has launched. This year’s edition is supported by AGRF, Heifer International, and Generation Africa, marking the second year the organizations have come together to provide cash grants that accelerate entrepreneurial growth and job creation in Africa’s agriculture sector. The Pitch AgriHack targets innovative…
Morocco’s on-demand temporary staffing platform Jobop has secured $1 million in a seed funding round led by Azur Innovation Fund. Other participants in the funding round include Plug and Play, and business angels. The company will now use the funds secured to boost its product technology and also penetrate new…
Egypt-based logistics platform Khazenly has fundraised a $2.5 million Seed round, co-led by Arzan Venture Capital and Shorooq Partners, as well as other investors including Camel Ventures, Averroes Ventures, and angel investors. Proceeds will be used to develop Khazenly’s products and services, and quadruple its existing facilities. The geographical expansion…
Nigerian Lending startup VeendHQ has raised a $330,000 pre-seed fund. The round was backed by Magic Fund, The Oak Capital, Future Africa, Berrywood Capital and other angel investors. VeendHQ platform enables lenders to start lending at almost zero cost on a cloud infrastructure backed by smart artificial intelligence. The startup…
IFC has partnered with Avacare Global to increase access to high-quality, affordable healthcare products and services across Africa. The partnership will help Avacare expand its manufacturing and distribution of various pharmaceutical and healthcare consumable products, including generic drugs in Africa. The partnership will see IFC provide Avacare with a $28.6…
Africa Data Centres is building a second data centre in Cape Town, South Africa. The new 20MW facility will cover 15,000 square meters in eight data halls and is situated on the northern periphery of Cape Town city centre. According to Tesh Durvasula, Chief Executive Officer of Africa Data Centres,…
Leading global edtech company Snapplify has launched its Teacha! brand in East Africa, making thousands of teaching resources immediately available to teachers. The Teacha! Resource marketplace enables teachers to buy and sell their teaching resources online. ‘There is a great need for CBC resources in Kenya at the moment and…
The African Development Bank (AfDB) is launching a virtual academy to build public financial management capacity in African countries. Countries will receive technical assistance through structured, targeted, dedicated and local training as well as through policy dialogue. The academy, hosted within the African Development Institute of the African Development Bank…
Dow Packaging has announced the expansion of its Project REFLEX initiative in Egypt and Guinea, following a successful pilot phase in Nigeria. Working together with local partners the initiative aims to increase flexible packaging recycling in Africa to establish a market for recycled contents to help address the waste issue…
Carbon, a credit-led Pan-African digital bank today launched Carbon Zero; a buy now, pay later web app which helps customers spread the cost of purchases into interest-free instalments, in-store or online. Since its inception in late 2021, Carbon Zero has generated ₦2.3 billion in requests from 41,000 customers who have…