Vodacom Group has launched an ambitious initiative to bridge the digital skills gap in Africa. Through partnerships with technology giants such as AWS, Microsoft, and Skillsoft, Vodacom aims to empower young people across eight African countries with critical digital competencies. The Vodacom Digital Skills Hub is designed to train 1…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
Yellow Card, a leading stablecoin-based financial infrastructure provider in Africa, has taken a significant step forward in its mission to transform digital finance on the continent. The company recently received a Crypto Asset Service Provider (CASP) license from South Africa’s Financial Sector Conduct Authority (FSCA). This regulatory milestone underscores Yellow…
Jaguar, the iconic 90-year-old sports car manufacturer, is gearing up for a seismic transformation. The British automaker, a subsidiary of Jaguar Land Rover (JLR), has unveiled a comprehensive rebranding strategy as it prepares to pivot entirely to electric vehicles (EVs). This move, which marks a complete departure from its storied…
Amenli, a leading insurtech broker licensed by Egypt’s Financial Regulatory Authority (FRA), has raised $2.3 million in a new funding round aimed at accelerating its growth and redefining the insurance experience in Egypt. The investment, led by the European Bank for Reconstruction and Development (EBRD) Venture Capital arm with participation…
In a bid to strengthen global partnerships, the Africa Finance Corporation (AFC) has closed a $300 million India-focused syndicated loan. This marks a key milestone in AFC’s strategy to diversify its international investor base and mobilize global capital to drive transformative infrastructure projects across Africa. The syndicated loan, celebrated at…
Lagos State has set a new benchmark for youth-driven agricultural innovation by awarding N100 million in grants to 26 young agripreneurs. This landmark initiative, unveiled during the inaugural Lagos Agrinnovation Summit, demonstrates the government’s commitment to empowering the next generation of agricultural leaders and ensuring food security in Nigeria. Themed…
As of November 2024, the Nigerian Communications Commission (NCC) has granted mobile virtual network operator (MVNO) licenses to 46 companies, marking a transformative chapter for the nation’s telecommunications sector. The NCC introduced the MVNO licensing framework in August 2022 to diversify the market by introducing competition, innovation, and more affordable services…
Meta Platforms has been hit with a substantial fine by the European Union (EU), amounting to €797.72 million (around $841 million), due to alleged breaches of EU antitrust regulations involving Facebook Marketplace. The EU Commission’s case against Meta centers on claims that the tech giant used its social network’s vast…
In an ongoing effort to maintain a safe environment for its users, TikTok recently announced the removal of over 360,000 videos in Kenya that violated the platform’s community guidelines. This action was part of TikTok’s Community Guidelines Enforcement Report for Q2 2024, which highlights its commitment to user safety across…
In a significant step toward advancing digital infrastructure, Next Gen Infraco has launched Ghana’s first open-access 5G network. This groundbreaking development promises to reshape internet connectivity across the nation and beyond, making Ghana one of the first countries in Africa to deploy a neutral 5G network dedicated to providing seamless…
vivo has officially introduced the V40 Lite to the Kenyan market, adding an impressive new model to its V series. Combining refined design, advanced functionality, and powerful performance, the V40 Lite sets a new standard for mobile lifestyle devices, packed with fast charging and cutting-edge AI photography features. The V40…
Watu, a Pan-African asset finance provider, has reached an impressive milestone in Kenya’s mobile device market. Through its subsidiary, Watu Simu, the company has financed the purchase of over one million mobile devices, making a significant impact on digital access for customers across Kenya. In collaboration with manufacturers like Samsung…
Energenic Holdings, a company delivering energy solutions across 32 African countries has secured an R87.5 million (roughly $5 million) investment from South African private equity firm, Sanari Capital. This strategic investment is set to expand Energenic’s offerings, which currently support essential sectors like telecommunications, tourism, and commerce with reliable and…
Bank of Ghana, the apex regulatory body in Ghana has handed down a 1 month suspension, effective November 8 2024, to an international remittance company, Tap Tap Send, for breaching remittance regulations in Ghana. Tap tap Send’s partnerships with all commercial banks and EPSPs was suspended because its “cedi remittance…
A groundbreaking AI-powered initiative was launched on Monday to create an immersive digital experience of St. Peter’s Basilica in collaboration with Microsoft and Iconem, a heritage digitalization company. The project, designed to enhance the spiritual journey of visitors ahead of the Jubilee celebrations in 2025, offers a virtual replica of…
In a significant investment that promises to drive growth and sustainability in Uganda’s coffee sector, Sahel Capital has approved a $1 million loan to Sukuma Commodities through its Social Enterprise Fund for Agriculture in Africa (SEFAA). This term and working capital loan, a part of Sahel’s efforts to uplift the…
In an ambitious move to reshape Africa’s cross-border payment landscape, Nium, a leading real-time payments infrastructure provider, has partnered with Ecobank Transnational Incorporated, a pan-African financial services powerhouse. This collaboration aims to offer seamless, real-time international payments across 35 African countries, benefiting Ecobank’s 32 million customers. By connecting Africa’s financial…
TikTok has announced a new feature that adds a dynamic twist to music and audio sharing: the launch of “Share to TikTok.” This latest feature empowers users to share music, podcasts, and audiobooks from popular music streaming services, including Apple Music and Spotify, directly to TikTok. With just a tap…
Visa has recently made strategic investments in four innovative African startups—OkHi, Oze, Workpay, and Orda.Africa—through its Africa Fintech Accelerator program. This move underscores Visa’s commitment to digital innovation and financial inclusion across Africa, reflecting its broader pledge to invest $1 billion in the continent by 2027. These startups, operating across…
The UK government, through the British High Commission in Nairobi, has committed KSH 667 million ($5.2 million) to establish a fund aimed at expanding access to financing for small and medium-sized enterprises (SMEs) in Kenya. Spearheaded by FSD Africa, a development finance institution funded by the UK government, this “Listed…