Author: Staff Writer

Kenyan logistics company, Sendy has secured a $2million investment from Dutch-based Goodwell Investments. According to Goodwell, “the money will move the company closer to achieving its mission of improving the access of lower income groups to good quality basic products and services, at much lower prices. ” Sendy’s user-focused technology…

Decagon, a software engineering institute founded by Chika Nwobi, is now a GitHub Partner School. This makes Decagon the first Nigerian talent accelerator to become a GitHub Partner and one of eight GitHub Campus Partner Schools in Africa. Decagon is a software engineering institute ushering in a new phase of…

Seedstars World, a Swiss-based startup competition in emerging markets, and the African Development Bank on Tuesday announced a strategic partnership to implement its innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa. The partnership is in line with the Bank’s entrepreneurship and innovation lab under its…

Airtel Africa, the African entity of telecoms giant, Bharti Airtel, has reported an 8.4% revenue growth to $1,640 million in H1 with Q2 growth accelerating to 9.8%.  In constant currency terms, revenue grew 11.4% in H1 and 12.6% in Q2. The constant currency revenue growth of 11.4% was driven by…

Access Bank, one of the foremost banks in Nigeria is set to acquire 93.75% of Transnational Bank in Kenya as the consolidation of banks in Kenya hots up. Transnational Bank is one of Kenya’s tier-4 bank and posted a $693,904 loss in 2018. This is coming barely seven months after…

With the partnership of Verve International and the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), Verve Card users can now transact across all channels in Ghana. The partnership was sealed yesterday in Accra Ghana at the signing ceremony between Mike Ogbalu III, CEO of Verve International and Archie Hesse CEO GhIPSS.…

Uber is testing the delivery of cooking classes and dining experiences through its on-demand food delivery app, Uber Eats, under a new Moments tab. According to Forbes, in an email sent to San Francisco customers, Uber said customers could book Uber Moments for the next month, scheduled until November 17. The “Moments”…

As a business owner, you have the uncanny ability of being able to see the bigger picture. Every single day, you envision what state your company will be in tomorrow and you consider all of the rewards that you stand to reap should you make certain investments. Unfortunately, envisaging your…

Whether it’s your first entrepreneurial venture or your fiftieth, it’s never going to be smooth sailing from the outset. Setbacks can happen at any time. No matter how long you’ve been trading or the experience that you have in terms of running a business, a setback can halt growth and…

Founded in 2017, Envisionit e-Pay operates as a safe and secure online escrow payment service that creates trust between strangers when transacting. As the only escrow service provider in South Africa with a web and app based platform, registered with both the Financial Sector Conduct Authority (FSCA) and Payment Association…

Cellulant, Africa’s leading financial technology company has today announced the re-launch of its payment, agent & mobile banking app Tingg to an all-in-one, multi-functional consumer super app. The new Tingg is set to include a wide array of payment, commerce, and financial services in a single platform that will change…

21 year old Yannick Kimanuka from the Democratic Republic of Congo has emerged the winner of the 2019 Anzisha Prize. She beat 19 other finalists to win the first prize of $25,000. The Anzisha Prize, an African Leadership Academy and Mastercard Foundation partnership, is dedicated to identifying, supporting and celebrating…

American news based company, CNN, will be launching a news service, internally called “Newsco” for now, that will compete against Facebook, Apple News+ According to a report from The Information, CNN digital chief Andrew Morse, says that CNN is discussing paying news organizations to feature their content on the platform,…

Foremost Payments company, Interswitch has raised 23 billion Naira through the issuance of a 23 billion Naira Series 1 Fixed Rate Senior Unsecured Callable Bond via a Special Purpose Vehicle, Interswitch Africa One PLC. This is part of N30 billion debt issuance programme registered with the Nigerian Stock Exchange. The…

Attention all African EdTech startups aiming to improve educational outcomes on the continent: applications to take part in the fourth cohort of Injini’s incubation programme are now open! The first round of applications opened on Monday, 14 October 2019 and will officially close on Tuesday, 10 December 2019 at 11h59.…

UK based online food order and delivery service, Just Eat, has rejected a hostile takeover bid from South African tech group, Naspers. The bid was done by Europe’s largest consumer internet company, Prosus, on behalf of Naspers. Prosus offered Just Eat shareholders a 20% premium on the price offered to them…

The UK government has set up a ksh 1.3 billion ($12.5 million) fund to support startups in Kenya. The announcement was made by Peter Estlin, the Lord Mayor of the City of London during a visit to Nairobi last week. The fund will focus on Kenyan fintechs that increase financial inclusion…

Mubadala, Abu Dhabi’s state investment arm, has announced the launch of its first MENA-focused tech investment funds – a US$150m fund of funds and US$100m direct fund to capitalize on the growing startup scene in the region. This statement was made by Ibrahim Ajami, head of Ventures at Mubadala Capital…

According to Reuters, telecoms group Orange is selling its operational business in Niger. This statement was made by an Orange Niger spokesman, Roni Alhassane. Roni said discussions were ongoing with the buyer, Zamani Com S.A.S., to settle debts owed to creditors and unpaid taxes. Orange’s operations in Niger have been…

If you want to get anywhere in business, you need to be the best of the best. This means mastering the essential skills needed to get ahead. Knowing what these skills are will enable you to work on them and develop them accordingly. If you want to stay ahead of…