Multichoice is launching a training initiative to revolutionize the African TV sector. The initiative will be a collaborative project between MultiChoice, local television channels in various African territories, and the MultiChoice Talent Factory, the MultiChoice industry-development and training programme. Multichoice is driven by the desire to take industry skills to…
Author: Oluwasegun Olukotun
The African Development Bank’s (AfDB) Coding for Employment program has picked 500 changemakers, 45% of whom are women, from four countries for the pilot Digital Ambassadors Program. The Bank launched the Coding for Employment in 2018 to equip African youth with demand-driven information and communication technology skills to position them…
Persistent Energy Capital LLC has raised USD 10M in equity in its Series C round from Kyuden International Corporation and FSD Africa Investments to grow its successful climate venture building business in Africa. The equity raise took the form of Series C Preferred Units of ownership in Persistent, giving Series…
African Mobility fintech, Moove has secured $20 million in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to date to over $200 million since its launch in 2020. The startup’s latest funding will be used for its South Africa operations to strengthen its expanding vehicle financing…
Leading developer, owner, and operator of commercial and industrial renewable energy systems in Africa, CrossBoundary Energy (CBE), has secured a $40 million equity investment from Norfund, the Norwegian Investment Fund for developing countries, and KLP, Norway’s largest pension company, through their joint company KLP Norfund Investments. The fresh investment will…
TikTok on Monday introduced Follow Me, a multi-channel educational experience designed to help small-and-medium businesses (SMBs) leverage the power of TikTok to drive real world results. The 6-week programwill run from July 11 to August 19 and provide SMBs with resources on how to get started on TikTok and take…
African comic Iyanu: Child of Wonder is set to debut as an animated series on HBO Max and Cartoon Network. Iyanu is a Yoruba word that translates as wonder. The African comic was originally self-published through Roye Okupe’s YouNeek Studios. A superhero tale set in the magical kingdom of Yorubaland,…
Morocco-based startup Aza Petrolsolutions has raised MAD 3 million ($296,000) in a fresh funding round from the Maroc Numeric Fund II. Founded in 2020 by Zakaria Azemzi, Fatima Ezzahra Azemzi and Abdelaziz Elaiachi, Aza develops tech-based solutions tailored to the oil distribution industry. The solutions developed by AZA Petrosolutions gives…
Egypt’s mobility startup SWVL has continued with its acquisition spree with an announcement that it has reached a definitive agreement to acquire Mexico-based Urbvan Mobility Ltd (“Urbvan”), a shared mobility platform that provides tech-enabled transportation services to Latin America’s second-largest country by population. Urbvan provides tech-enabled transportation services that aim…
Tunisia-based Smart Capital, the manager of the Anava fund of funds, has committed $5.2 million to the Badia Impact Squared Fund (BIF2), a venture capital fund managed by Silicon Badia, a pioneering venture capital firm that invests in early-stage and growth-stage technology firms operating globally. Anava has a goal size…
Universal Music Group (UMG) has reached an agreement with one of Africa’s leading music services Mdundo.com A/S to license the service across key African territories. Through this new agreement, UMG’s catalog will be available to Mdundo’s 17 million active monthly users across Africa. As part of the new licensing agreement,…
Netflix has announced it has partnered with Sennheiser, a German privately-held audio company to bring spatial audio to its members around the world. Sennheiser specializes in the design and production of a wide range of high-fidelity products, including microphones, headphones, telephone accessories, and aviation headsets for personal, professional and business…
Binance has announced it is partnering with Jokkolabs, one of Africa’s first social impact hubs to launch a blockchain awareness and education programme throughout communities in Francophone Africa. This was made known by Changpeng Zhao (known more commonly by his initials “CZ”), the founder and CEO of Binance, the world’s…
Kenya-based cleantech startup, Solar Panda, has raised $8 million in Series A funding, jointly led by impact investors Oikocredit and the EU-funded Electrification Financing Initiative (EDFI ElectriFI). Solar Panda, headquartered both in Nairobi and Canada, designs, manufactures and sells pay-as-you-go (PAYGo) solar home systems in Kenya. The company which announced…
Automotive technology company, Autochek has completed the acquisition of CoinAfrique, the leading platform for classified ads in French-speaking Africa, to accelerate the penetration of its auto financing services in Senegal, Côte d’Ivoire, and other French-speaking African countries. CoinAfrique was founded in 2016 by Matthias Papet and Eric Genetre and has…
Africa’s technology company, MTN Nigeria has teamed up with mobility technology company ETAP to reward Nigerian drivers for maintaining good driving behaviour. ETAP is driven by its mission to create solutions and incentives to improve the automotive experience across Africa. As part of the alliance, MTN will leverage ETAP’s game-changing…
Telecommunications company Airtel Africa has launched SmartCash Payment Service Bank to provide safe and reliable financial services across Nigeria. The company had announced in May that SMARTCASH Payment Service Bank limited had secured the Central Bank of Nigeria’s approval to commence Payment Service Bank (PSB) operations. Smartcash now accepts deposits…
Nigeria’s Bluechip Technologies has launched Primo Academy, a six-month programme designed to equip aspiring data professionals with the required skills to kickstart their careers in the data and emerging technologies industry. Bluechip is one of the leading providers of business application and data management solutions in the country. The programme…
Just a week ago, Binance announced a multi-year NFT partnership with Portuguese footballer Cristiano Ronaldo, the individual with the highest number of followers on Instagram. Today the company has snapped up TikTok’s most-followed person, Khaby Lame as a global brand ambassador. A TikTok sensation, Khaby Lame’s viral TikTok Videos have…
Gokada has entered into a partnership with insurtech startup, Octamile to launch digital insurance covers across a range of insurance products from trusted underwriters powered by Octamile’s Digital Insurance Management Solution to protect Consumers, Merchants & Riders. Gokada is one of the leading last-mile delivery services in Nigeria and this…