FIFA has launched the FIFA Player App which will allow players at the FIFA World Cup 2022 in Qatar to get insights into their on-field performance. One of the goals of FIFA’s Vision 2020-2023 is to harness technology to best serve football, players and the game – and that includes…
Author: Oluwasegun Olukotun
IBM is set to acquire Dialexa, a leading U.S. digital product engineering services firm to help companies drive innovation and achieve their digital growth agendas. The transaction is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. Financial details…
South African financial services group, Nedbank has has partnered with Africarare, Africa’s first metaverse, and secured a 12×12 village in Ubuntuland on which to establish its presence as the first African financial services organisation to enter the metaverse. This forms part of the financial services group’s strategy to lead in…
Savvy has partnered with Kenya Private Sector Alliance (KEPSA) to train 1000 young Kenyans on how to build sustainable and innovative businesses. KEPSA is the apex organization of the private sector in Kenya which supports Kenyan businesses with opportunities for training, networking, financial linkages, mentorship and coaching, access to markets,…
African digital content distribution platform, Publiseer has secured an additional distribution partner in Citeste.ro, a subsidiary of Voxa, a Romanian subscription mobile reading app for ebooks and audiobooks. Publiseer in 2021 began distributing its books to Voxa, and now is adding Citeste.ro to its long list of bookstore partners. This…
Ivorian fintech Julaya has raised US$5M extension round led by European venture capital fund Speedinvest to expand its operations in West Africa. The round was led by European venture capital fund Speedinvest which already invested in Moove and FairMoney (Nigeria and India) and has six unicorns in its portfolio. EQ2…
Standard Chartered and provider of working capital solutions, Taulia have signed a memorandum of understanding (MoU) to collaborate across a range of working capital finance solutions, with an initial focus on the provision of supply chain finance and dynamic discounting. The agreement will see both parties offer supply chain finance…
KPMG South Africa CEO, Ignatius Sehoole has been appointed as the chairperson of KPMG Africa and a member of the KPMG Global board, with effect from 1 October. Speaking on the appointment, KPMG South Africa chairperson Professor Wiseman Nkuhlu said, “Ignatius in his role will implement a collective approach where clients will see KPMG’s Africa firms work together to represent the…
Pan-African cryptocurrency exchange, Yellow Card Financial has secured $40M Series B funding. The round was led by Polychain Capital, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more. The funding…
Clickatell has partnered with the Central Bank of Nigeria (CBN) to launch a USSD channel for its eNaira Central Bank Digital Currency (CBDC) as part of the country’s drive to make basic banking accessible to all Nigerians, ultimately driving financial inclusion. The partnership will deliver fast, simple, and cost-effective eNaira…
ProvidusBank has partnered with Interswitch, Mastercard and Thales Group to launch a new Tap-to-Pay service. This move is geared towards cutting down on the dependency on cash transactions, stimulating innovation and driving the growth of digital payments in Nigeria. The service will enable cardholders to make prompt, secure and convenient…
mPharma has acquired the majority stake in HealthPlus, one of the leading pharmacy chains in Nigeria. mPharma and the former investor, Alta Semper, have signed an agreement leading to the acquisition of a majority stake in the HealthPlus Group. By combining HealthPlus pharmacies with mPharma’s growing portfolio of partner mutti…
CrossBoundary Energy Access (CBEA) has secured $25 million in funding from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund. This investment will leverage an additional $25 million in senior debt to deploy $50 million of capital into CBEA’s near-term pipeline of solar-powered mini-grids. CBEA will…
Google Cloud has collaborated with Pepkor Group, one of the largest retailers in Southern Africa. The new collaboration will see Pepkor IT, a division of the Pepkor Group leverage Google Cloud’s data analytics solutions to transform its in-house logistical processes, enabling the company to help more households across Africa access value-for-money…
Africa-focused digital assets exchange, KoinKoin has revealed its plans for a global expansion after the company’s annual revenue hit over $40 million in over-the-counter (OTC) transactions. Launched in 2017 by Ola Atose, KoinKoin makes it easier for customers to buy, sell and transfer digital assets across Africa, Southeast Asia, and…
B2B cross-border foreign exchange (FX) and payments enabler, Verto has partnered with Xente, a fintech company simplifying finance for businesses in Africa, to offer seamless cross-border payments to Non-Profit Organisations (NGOs) in Uganda. The African terrain for business can be torrid as it is laden with several challenges especially when…
Liquid Cloud has been approved by Amazon Web Service (AWS) as a Direct Connect Delivery Partner. The certification secured by Liquid Cloud makes it one of only four partners in Africa to secure this achievement after undergoing an extensive and rigorous technical and business review by AWS. This service is…
Egyptian Bank Banque Misr has received a $100 million loan from the European Bank for Reconstruction and Development (EBRD) for on-lending to local small and medium-sized enterprises (SMEs). The ERBD is supporting the green economy in Egypt. The loan follows the success of the Green Economy Financing Facility (GEFF) in Egypt…
Netflix has teamed up with Ubisoft, a French video game company to create three mobile games from some of the world’s most beloved game franchises for Netflix, starting in 2023. This was first announced at Ubisoft’s annual digital event Ubisoft Forward, the three games will expand on the Valiant Hearts,…
Egypt’s edtech 5 Quarters has raised an undisclosed Seed round from a Saudi angel investor. Launched in 2016 by the duo Mohamed Salah and Noha Emad, 5 Quarters started as a medical and dental courses startup and has been in the market for medical education for more than 6 years…