Aboki Africa has announced it completed a pre-seed funding round led by Abdul Hassan (CEO of Mono), alongside Niche Capital Limited, Ingressive Capital, and other strategic investors. Launched in June 2020, Aboki Africa aims to simplify the process of currency exchange. In a blogpost, the company wrote, “We had a new…
Author: Oluwasegun Olukotun
South African startup, VoxCroft Analytics, on Thursday, announced it has secured close to $2 million in Series-A funding from Knife Capital, a South African venture capital company specializing in assisting companies in building a global presence. VoxCroft Analytics which is a U.S. and South African scale-up leverages cutting edge technology…
The International Finance Corporation (IFC) and Absa Bank have entered into a strategic partnership that will boost access to trade finance in Sub-Saharan Africa. The partnership will target low-income and fragile countries supporting a vital driver of growth that has been strained by the COVID-19 pandemic. Armed with a combined…
The winners of the 2021 Africa’s Business Heroes (ABH) have been announced. The winners were revealed during a virtual live Grand Finale with US$1.5 million in grant funding awarded to the top 10 finalists. The Top 10 represent seven African countries, with 80% operating businesses in rural areas and half…
Qualcomm today announced it has entered into a collaboration with BMW on self-driving cars. As part of the partnership, Qualcomm will bring the latest advancements in driver assistance technologies, and products of its Snapdragon Ride Platform, to BMW Group’s next generation of advanced driver-assistance systems (ADAS) and automated driving (AD)…
Liquid Intelligent Technologies has launched One Voice for Cloud PBX in six key African markets. The OneVoice for Cloud PBX solution will assist businesses irrespective of their size in their telephony and collaboration needs. The solution is powered by a single integrated platform converting legacy PBX telephony system into a…
Meta has launched Facebook Business Coach to enlighten and educate small and medium-sized business (SMBs) owners in South Africa, Nigeria, and Kenya, and other English-speaking countries on innovative and easily-accessible ways to grow their business online with Facebook, Instagram, and WhatsApp. The platform which is available on WhatsApp is a…
The International Finance Corporation (IFC) has entered into a partnership with Liquid Intelligent Technologies to expand data center capacity and the rollout of fiber-optic cable on the continent. The partnership is expected to enhance digital connectivity and inclusion in Africa and to support the region’s growing digital ecosystem. IFC’s investment…
The African Export-Import Bank (Afreximbank) has awarded US$400,000 in grant funding to the National Institute for Pharmaceutical Research and Development (NIPRD) of Nigeria for the establishment of an Active Pharmaceutical Ingredient (API) plant. The grant represents a significant proportion of the estimated funds required to implement the project. Drug manufacturing…
The Nigerian Communications Commission (NCC) has given a grant of N20 million to four Nigerian tech startups as part of its commitment to encourage the development of new indigenous technologies and contents, that are oriented in cutting-edge research to stimulate sustainable economic growth. The four tech startups are Clearflow System…
Online game platform and game creation system, Roblox, has launched an Open Cloud facility to empower creators to find and build any applications they need on Roblox through standardized web APIs, streamlining tasks like analytics, customer support, testing, and publishing, or even enabling them to develop more interesting features into…
The mayor-elect for New York, Eric Adams, has said that he would love to receive his pay in Bitcoins for his first three paychecks. Adams who was a former police captain was elected this week on Tuesday to take over from the outgoing mayor of New York Bill de Blasio…
Moove has signed an exclusive partnership with Lori Systems, the leading e-logistics company in Africa. The partnership marks Moove’s first foray into the logistics industry, building on rapid growth over the last 15 months in car financing, as it leverages its revenue-based financing model to bridge the financing gap across…
Netflix today announced the launch of its first games worldwide as it looks to break into the game subscription market. The company rolled out five mobile games today namely: Stranger Things: 1984 (BonusXP), Stranger Things 3: The Game (BonusXP), Shooting Hoops (Frosty Pop), Card Blast (Amuzo & Rogue Games), and…
Apple has disclosed it is cutting down on the production of iPad tablets to deploy more components to the production of the iPhone 13. Nikkei reports that the move is likely connected to the crunch that has hit the global supply of chips. The newspaper also said that the company…
Fortnite’s Chinese Version, Fortress Night, is shutting down later in November. Game publisher, Epic Games, which owns Fortnite has not given a reason behind the action. An announcement said that the game which has been available as a test in China for two years will close down on 15 November.…
Chipper Cash on Wednesday announced changes for its users who are new to the Chipper ecosystem in Nigeria. The new change will help make it easier for the new users to set up their accounts to get started. As part of the changes, Nigerian customers will be able to access…
Nairobi-based startup, Workpay, has launched in Nigeria. The startup enables SMEs to easily manage and pay their employees from anywhere in Africa. The startup has a web portal and mobile self-service app that allows track time, process a locally compliant payroll, and pay their employees. Workpay has participated in several…
CEO Mark Zuckerberg yesterday announced a change of company name from Facebook to Meta. He made this known at the Connect 2021 event. Meta brings together the company’s apps and technologies under one new company brand. Meta’s focus will be to bring the metaverse to life and help people connect,…
Oracle and Orange today signed a collaboration agreement to speed up cloud-led digital transformation in West Africa. Only recently, Orange launched two digital infrastructure to promote digital inclusion on the continent. The agreement will see the two companies assess plans to build Oracle Cloud regions using Orange’s infrastructure in Senegal…