Author: Tapiwa Matthew Mutisi

The South African e-health startup RecoMed has established a strategic partnership with Discovery Vitality to enhance the efficiency of scheduling flu vaccinations and Vitality Health Checks for patients nationwide. This collaboration is designed to improve patient access and streamline the experience of securing healthcare appointments across South Africa. RecoMed operates…

The Dutch entrepreneurial development bank FMO has declared a substantial $10 million contribution to the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA). This infusion of capital is set to enhance REGMIFA’s mission to provide crucial support to micro, small, and medium-sized enterprises (MSMEs) throughout the region. REGMIFA’s strategy involves…

Village Capital, an international nonprofit dedicated to supporting early-stage ventures, has disclosed its latest financial commitments to two promising agritech startups, Aquarech from Kenya and Coamana from Nigeria. The investment, totaling $850,000, is part of Village Capital’s Reducing Inequalities Investment Facility, which is backed by the MASSIF Fund managed by…

Three months after the successful launch of Nigeria’s inaugural Large Language Multilingual (LLM) AI model, the Nigerian AI startup Awarri has revealed plans to collaborate with 500 fellows from the ambitious 3 Million Technical Talent (3MTT) initiative, engaging them as data collectors for the project. The Minister of Communications, Innovation,…

Netflix, the American company renowned for its subscription-based video streaming service, has once again raised its subscription fees for customers in Nigeria. This latest increase represents the second instance within a span of four months that the company has adjusted its prices upward, with the previous hike having taken place…

Plentify, a pioneering climate technology enterprise based in South Africa, has successfully concluded a funding round that was 50% more subscribed than initially anticipated, securing substantial financial backing to bolster its growth within the domestic market and to facilitate its foray into international territories. This recent injection of capital saw…

The African Centre for a Green Economy’s Green Innovation Hub (GiH) has recently opened applications for its Just Transition Innovation Programme (JTIP). This initiative is on the lookout for pioneering green businesses that are poised to spearhead Africa’s efforts in climate action and the transition towards a low-carbon economy. The…

Changelabs, a prominent supporter of entrepreneurial initiatives, has introduced its premier Fintech for a Future accelerator program in Egypt. This program is designed to assist fintech startups in refining their products and securing investment. Operating at the forefront of impact entrepreneurship, Changelabs orchestrates progressive programs across the Middle East and…

Kemitt, the premier Egyptian online marketplace for furniture and home accessories, has announced its foray into the Saudi Arabian market, fueled by a recent funding round with undisclosed financial details. Established in 2017, Kemitt serves as a bridge between furniture and product designers and consumers, managing the entire process from…

Stitch, a South African company specializing in payments infrastructure, is set to organize its third annual Scale Summit on Thursday, October 3, in Johannesburg. This year’s summit will focus on “The Year of the Consumer,” highlighting the evolving dynamics of consumer engagement in the digital marketplace. Launched in February 2021,…

The Young Innovators Programme, an initiative by Innovate UK Global Alliance Africa, has commenced its second installment in partnership with Ekiti State’s Ministry of Innovation, Science, and Digital Economy (MISDE) in Nigeria. The program promises a cash award of GBP7,000 (approximately US$9,000) to the victor. Established with the aim of…

Wema Bank, the pioneering force behind Alat, Africa’s fully digital bank, has introduced AlatPay, a cutting-edge instant digital payment platform tailored to empower businesses of all scales to transition into the digital realm. This innovative payment solution was officially launched on Wednesday, July 17, 2024, at the Four Points by…

TerraPay, an emerging digital payments platform with a focus on the African market, has recently announced the successful closure of a substantial $95 million debt financing round. This financial boost is aimed at propelling the growth of affordable remittance services throughout the continent. A group of investors, including the International…

MTN South Africa has adopted a stance of neutrality regarding the ongoing merger discussions between its industry rival Vodacom and Maziv, a company specializing in fibre infrastructure. The Competition Tribunal of South Africa is currently in the process of hearing detailed accounts from both factual and expert witnesses concerning the…

Statista, a globally acclaimed provider of market data, in collaboration with CNBC, a prominent American media entity, has recognized seven African fintech enterprises in their 2024 compilation of the leading 250 fintech organizations. These African companies—Flutterwave, Piggyvest, Kuda, MTN, Bank Zero, Palmpay, and Yoco—stood out among a pool of 2,000…

Salesforce, the prominent provider of cloud-based software services, has recently implemented a reduction in its workforce, impacting approximately 300 employees as of July 2024. This move is part of the company’s larger strategy to refine its operations, enhance its organizational structure, and foster growth. Specific details regarding the roles or…

OKX, an international player in the cryptocurrency exchange and web3 service arena, has made a significant announcement regarding the cessation of its operations in Nigeria effective from August 16, 2024. The decision to halt services is attributed to the evolving legal and regulatory landscape in the country. The company communicated…

Cameroon has forged a financial partnership with South Korea, securing an agreement worth XAF 23.21 billion (approximately $38 million) to fund five developmental initiatives, with a strong emphasis on digital transformation within the nation. Alamine Ousmane Mey, the Minister of the Economy, Planning and Regional Development, has confirmed the allocation…

Logidoo, an emerging logistics enterprise with a focus on the Pan-African region, has recently been awarded a substantial grant of $50,000. This grant is specifically earmarked for the development and enhancement of artificial intelligence (AI) technologies tailored to revolutionize the logistics sector within Africa. The financial support comes from the…

Nigeria’s Access Bank Plc, which holds the title of the country’s largest bank in terms of assets, has been granted a $30 million loan from Swedfund, the Swedish development finance institution. The loan is aimed at bolstering small and medium-sized enterprises (SMEs) within Nigeria. This financial support is a segment…