Author: Tapiwa Matthew Mutisi

Investing in Innovation Africa (i3), a collaborative initiative supported by the Gates Foundation, a consortium of donors, pharmaceutical manufacturers, and African government institutions, is set to invest $1.6 million in 15 healthtech startups across the African continent. This initiative aims to bolster the healthcare landscape by providing financial support to…

South African startup Insight Terra has successfully secured an impressive US$5.7 million in Series A extension funding, aimed at accelerating the growth of its innovative AI-driven platform dedicated to greenhouse gas (GHG) management and environmental risk assessment. This funding marks a significant milestone for Insight Terra as it embarks on…

A prominent fintech startup based in South Africa, Stitch, specializing in online payments infrastructure tailored for large enterprises, has recently made headlines with its acquisition of ExiPay, a startup focused on providing in-person payment solutions for retail businesses. While the financial details of the acquisition remain undisclosed, this strategic move…

KCB Bank has teamed up with Mastercard to launch Kenya’s first multi-currency prepaid card, which supports transactions in 11 different currencies. This innovative card is designed to enhance spending control through its prepaid feature and offers real-time currency conversion, making it a significant advancement in Kenya’s financial technology landscape. The…

Prosus and Naspers CEO Fabricio Bloisi stated that the technology investor has close to US$20 billion (R371 billion) available for investment and is prepared to expand in Europe. Bloisi oversees both Amsterdam-based Prosus and Naspers, its South African parent company. These companies already have significant investments in European firms, such…

Heading for Change, a donor-advised fund dedicated to advancing climate solutions with women as pivotal agents of change, has revealed its plans to invest in two significant climate-focused initiatives targeting emerging markets in Africa. The first initiative is the KawiSafi Fund II, a $200 million fund aimed at accelerating the…

Blue Label Telecoms is poised to officially take control of Cell C, a telecommunications operator in South Africa, following the approval from the communications regulator, Icasa, for the transfer of the mobile operator’s spectrum and network licenses. This marks a significant milestone for Blue Label, which currently holds a 49.5%…

GITEX Global, recognized as one of the largest technology expos in the world, is set to host Ai Everything GLOBAL, its flagship event focused on artificial intelligence and other emerging technologies, for the first time in two cities: Abu Dhabi and Dubai. Scheduled to take place from February 4 to…

In December of last year, Bolt Kenya introduced Bolt Market, integrating it into the existing Bolt Food app, as reported by Innovation Village. This initiative seeks to diversify Bolt’s services, grow its market share, and position itself as a reliable platform for convenient, on-demand grocery delivery. The company is taking…

Starlink has emerged as Kenya’s eighth-largest internet service provider (ISP), surpassing established competitors such as Liquid Telecommunications. The company, owned by Elon Musk, has successfully expanded its subscriber base to 16,746, capturing a 1.1% share of the market, according to the latest data from Kenya’s Communications Authority (CA). This growth…

Kenyan fintech startup Sevi, which provides stock financing for wholesalers and retailers through its “stock now, pay later” platform, has obtained an undisclosed amount of funding from Renew Capital to develop its offering and expand its user base. Founded in 2018, Sevi addresses the issue of insufficient working capital by…

Lattice Fund has spearheaded a $1.58 million seed round for Accrue, which the startup plans to utilize for expanding its payment infrastructure, strengthening its team, and improving its product offerings. Additional investors in this round include Kraynos Capital, Distributed Capital, Lava, and Maven 11. Founded in 2021 by former Helicarrier…

Nigerian fintech unicorn, Moniepoint, has recently received a strategic investment from Visa, the global payments giant. This development follows Moniepoint’s successful $110 million Series C funding round just three months ago, which tripled its valuation and achieved unicorn status. This investment highlights the increasing interest in Moniepoint, recognized by many…

Google has announced an agreement to acquire a portion of HTC’s extended reality (XR) business for $250 million, marking a significant expansion of its efforts in the virtual and augmented reality hardware space. This move follows the recent launch of Google’s Android XR platform. The deal includes the transfer of…

Africa Tech Summit Nairobi has unveiled the 10 African tech ventures that have been selected to present their innovative solutions for potential funding and partnerships at the upcoming event on February 12-13. Powered by Raenest, Africa Tech Summit Nairobi will be held at the Sarit Expo Centre and will feature…

Alright, Samsung fans, buckle up because this year’s Samsung Galaxy Unpacked event was quite the experience. Samsung’s first Unpacked event of 2025 unveiled the highly anticipated Galaxy S25 series. While the new phones may not boast drastically enhanced specs, they feature significantly more AI integration, tailored to be context-sensitive and…

The Nigerian Communications Commission (NCC) has approved a 10-year renewal of MTN Nigeria’s 800MHz spectrum license, a decision that highlights the evolving regulatory landscape of the country’s telecommunications sector. This move not only reinforces MTN’s market position but also holds significant implications for consumers across Nigeria. Key Points: Telecom Regulatory…

Microsoft was once the exclusive provider of data center infrastructure for OpenAI to train and run its AI models, but that exclusivity has ended. Coinciding with the announcement of Stargate, OpenAI’s massive new AI infrastructure deal with SoftBank, Oracle, and other partners, Microsoft has revealed a new agreement with OpenAI.…

MTN Nigeria’s share price surged to ₦256 on Tuesday, reflecting a significant 9.87% increase following the approval of a 50% hike in telecom tariffs by regulators. This notable rise indicates growing investor confidence in the company’s potential profitability after enduring two years of consistent losses. In contrast, Airtel Africa’s stock…

PalmPay, a prominent Nigerian fintech company, is setting its sights on entering the high-stakes remittance market with plans to expand into Asia by 2025. The company is gearing up to venture into the cash transfer business, specifically targeting the Middle East and Southeast Asia. Although the company is keeping specific…