Author: Staff Writer

Naspers has invested R30 million (US$2.1 million) in South African tech start-up SweepSouth. This is the first investment by Naspers in its commitment to support talented and ambitious entrepreneurs in South Africa who are using technology to improve people’s daily lives. Late last year, Naspers announced at the inaugural South Africa Investment…

Oil Magnate and Chairman of Forte Oil, Femi Otedola, has announced his exit from the oil sector with the sale of final 75% stake in Forte to a local oil trading entity, Prudent Energy. The Chairman made this announcement via a tweet “A few years ago, my team and I embarked…

If you’re running a small business, you are constantly looking for ways to expand your business, reach more customers and become more successful. You wouldn’t have a small business if this wasn’t part of your long-term goals. While there are countless ways that you can expand your business, one of…

On 25th June, 2nd July & 7th July, Future Females is partnering with Facebook to host a three-part webinar series, to teach entrepreneurs exactly how to create engaging content, connect with customers and build thriving online businesses, through the Facebook & Instagram platforms. The amount of time people spend on…

Truecaller, the Caller ID & Spam Blocking app, announced that it has started the rollout of a new voice calling feature, Truecaller Voice. The firm said that its app can now be used to place free VoIP-powered voice calls. This new feature pits the app against Facebook’s WhatsApp which the social…

East African investment company, Centum, has announced that it had entered an agreement to sell its stakes in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings ($192.5 million), to Coca Cola Beverages Africa. According to the company, “The proceeds from these transactions will be applied…

Airtel Africa has set a price range of 80 to 100 pence per share for its planned initial public offering (IPO) on the London Stock Exchange as the mobile operator seeks to cut its debt levels. From the issuance of about 595.2 million to 744 million new shares, the company expects to…

Whether you believe it or not, the official reason for internet shutdown in Ethiopia is to prevent cheating in the country’s national examinations. Access to the web was “totally cut off” on Tuesday morning, June 11, and there’s been only an intermittent restoration of services since then, according to NetBlocks,…

Sealing technology forms a critical component for many applications across multiple industries. From engine gaskets in automobiles to hydraulic systems in airplanes to medical seals in healthcare, seals play a versatile range of essential functions that make an array of technological achievements possible. These achievements in turn depend on sealing…

French investment company Creadev has invested US$5 million in Kenyan agric startup, Twiga foods. Backed by the Mulliez family, Creadev is investing to support Twiga’s growth and upscale its support to small-scale farmers in the country. With this investment, the initial investors of Twiga – Adolf H. Lundin Charitable Foundation,…

IBM announced the expansion of its quantum computing efforts to Africa in a new collaboration with the University of the Witwatersrand (Wits University) in South Africa. Wits University is the first African academic partner in the IBM Q Network and will be the gateway for academic collaboration across South Africa, and to the other 15 universities who are part of the African Research Universities…

Norrsken, a coworking space and investment fund based in Stockholm, is opening a tech fund and entrepreneurship hub in Kigali, Rwanda today. This will be the second market after Stockholm. Norrsken will offer training to entrepreneurs, capital, advice on how to set up a business and partnerships with other incubators and…

Kenyan entrepreneurs and contractors selling goods and services to small and medium-sized enterprises (SMEs) in the U.K. can now receive payments faster and more conveniently following the launch of WorldRemit For Business.  Launched by leading digital remittances firm WorldRemit, the new service enables U.K.-based SMEs to quickly pay their employees and contractors…

Owners of Gokada are set to launch a new service, an on-demand boat service, Gboat, in Lagos, Nigeria on the 13th of June 2019. This was tweeted by Gokada this evening and in preparation for the service, the site is already up – gboat.ng but none of the features work.…

Ex-Mckinsey Manager, Hilda Kabushenga Kragha has joined Jobberman Nigeria as the CEO. She joined the business on 10th June 2019, appointed as the company’s Chief Executive Officer, responsible for the growth and operations for the company. Mrs. Kragha was previously an Engagement Manager at McKinsey & Company, advising blue chip clients…

DPO Group, a leading Payment Service Provider (PSP) in Africa, has just launched Africa’s first business to business payment card. DPO’s DumaCard, which is offered as a plastic card as well as in virtual form, is available initially to its 10,000 business customers in Kenya and Tanzania, with plans to…

AfriLabs; the largest Pan- African network of technology and innovation centres has added 27 new hubs into her network thereby extending her reach into 6 countries; Guinea, Mauritius, South Sudan, Libya, Tunisia and Botswana and 12 new cities making it a total of 158 Hubs in 45 African Countries. In…

Cairo-based transportation startup Swvl has announced that it will be launching in Lagos, Nigeria by mid-July. The startup is currently seeking to recruit a Country Manager to kick-start the operations. In a conversation with Menabytes, Swvl will be launching with 50 buses initially. This will be the third country that the…

Velocity Capital recently today the launch of its €105M FinTech Ventures Fund dedicated to backing early stage FinTech companies that advance how people, businesses, and financial institutions grow economic opportunity. “At Velocity, we are interested in funding founders who demonstrate a vision for applying FinTech to improve the human experience,…

Africa-focused investment firm, Helios Investment Partners and the Egyptian-American Enterprise Fund (“EAEF”) through their investment manager Lorax Capital Partners (“LCP”) have announced the acquisition of 96.7% of Misr Hytech Seed International, a leading breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s…