The African Development Bank (AfDB) and KfW Development Bank (KfW) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), today announced the replenishment of the NEPAD – Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, which aims to boost regional infrastructure in Africa. The German Government will provide…
Author: Oluwasegun Olukotun
Africa’s leading customer engagement platform, Termii, and the globally acclaimed communications platform, Truecaller, have come together to usher in a new era of business communication on the continent. This groundbreaking partnership seeks to strengthen their commitment to the African business landscape by introducing the innovative TermiiGo mobile platform and integrating…
Morocco’s proptech, Agenz has secured $1.3 million in a pre-Series A financing round from Azur Innovation Fund , Maroc Numeric Fund II, and Beenok. Agenz was founded in 2021 by Malik and Badr Belkeziz and rose to prominence as Morocco’s first internet platform for real estate appraisal. The firm has…
CodeLn, an end-to-end technology platform has launched CodeLn Pay,a payroll platform for cross-border salary payments to assist companies in streamlining the wage payment process and making it quick, secure, and hassle-free. Businesses are increasingly aiming for a global scale in today’s interconnected society. The process of paying employees’ salary in…
The International Finance Corporation (IFC) and La Banque Internationale pour le Commerce et l’Industrie de la Côte d’Ivoire (BICICI) today announced a cooperation to increase the financing options for the country’s small businesses, health sector organisations, and trade organisations to assist their expansion, service delivery, and job creation. As part…
Nigeria’s electric vehicle experience and manufacturing company, Possible EVS is launching the country’s first-ever electric vehicle taxi service, EV Taxi. About 24% of the carbon emissions under consideration in Nigeria are produced by the transport sector annually. And passenger cars are responsible for 72% of these emissions. Commuters are starting…
Seedstars today is announcing the launch of Financial Innovations for Women Affected by Migration (FIWAM), a growth programme that aims to find and support fintech businesses that are committed to promoting financial inclusion, particularly for migrant women and women affected by migration throughout Asia, the MENA, and Sub-Saharan Africa. The…
Nokia has signed a new patent cross-license agreement with Apple which will replace the current license signed in May 2017 that is due to expire at the end of 2023. The terms of the agreement remain confidential between the parties. Jenni Lukander, President of Nokia Technologies said, “We are delighted…
Kyosk Digital Services, a digital-first and data-led distribution platform has consolidated on its operational presence in Africa with its expansion into the African fresh produce market with the launch of its Farm & Fresh line of business. This comes after Kyosk recently acquired KwikBasket, a significant player in the agricultural…
The French Company Engie and Meridiam are set to acquire BTE Renewables, one of Africa’s leading renewable energy companies. Previously controlled by the British investment firm Actis, this producer of renewable energy operates in Kenya and South Africa. A portfolio of more than 3 GW of advanced development pipeline/projects in…
Mastercard, a top global technology company in the payments sector has established a cooperation with SomBank, one of Somalia’s cutting-edge financial institutions. The partnership’s goal is to encourage the use of digital payment methods in the nation and increase Somalis’ access to the internet. By issuing and accepting Mastercard payments,…
The International Finance Corporation (IFC) today announced a partnership with Orange Bank Africa (OBA), the digital bank of the Orange Group, to help thousands of businesses, including those in rural and underserved areas, access loans and microloans online. This will allow even the smallest businesses in West Africa to access…
Morocco-based B2B e-commerce and fintech startup, Chari has secured $1.5 million from Verod-Kepple Africa Ventures (VKAV). The investment will enable Chari to expand its reach across Africa and scale its portfolio of financial services. The company has also hired Ryosuke (Rio) Yamawaki, a partner at VKAV, as a strategic advisor,…
Nigerian financial platform, PalmPay has launched its latest product- a high yield savings feature which offers its customers the opportunity to earn up to 20% annual interest rate using the PalmPay app. The savings feature allows for flexible and fixed-term plans and has no minimum amount to participate, empowering users…
PressOne Africa has unveiled its Call AI service, an innovative AI-driven tool that analyses customer calls in real-time. The service allows businesses to instantly detect and swiftly address customer grievances. In doing so, it not only prevents customer churn but promotes repeat business – a critical driver for sustainable revenue…
Access Bank has launched the 5th edition of its Womenpreneur Pitch-a-ton programme aimed at inspiring, connecting and empowering women while riding on the Access Bank’s vision to be the Bank of choice for women in the markets and communities being served. The programme is designed to provide female owned…
The African Securities Exchanges Association (ASEA) has signed a memorandum of understanding with SecondSTAX, a technology company that is building solutions to enhance intra-Africa capital and investment flows, to support the success of the African Exchanges Linkage Project (AELP) which aims to integrate all exchanges across the continent and to facilitate seamless cross-border trading…
African payment technology company, Flutterwave has partnered with Microsoft to build its next generation platform on Microsoft Azure, powering payments infrastructure across the African continent and beyond. This partnership demonstrates Flutterwave’s dedication to enabling access to high-quality services for individuals and companies across all of Africa and promoting digital transformation…
The African Export-Import Bank (Afreximbank) has launched AFREXInsure, its wholly owned insurance management services subsidiary, to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa. AFREXInsure is designed to offer specialty insurance solutions for trade…
DMZ Cairo, tech start-up incubator operated by and located at Universities of Canada has partnered with the Export Development Bank of Egypt – EBank to launch a fintech bootcamp for early-stage Egyptian startups with a defined minimal viable product (MVP). The partnership will also feature a blend of DMZ Cairo’s…