Author: Tapiwa Matthew Mutisi

Shoprite, South Africa’s premier retail giant, is set to divest its furniture division to Pepkor, channeling its focus on the expansion of its specialized segments, including clothing, baby products, outdoor equipment, and pet supplies. On Tuesday, September 3, the group disclosed its plan to offload the furniture business to Pepkor…

MTN Group CEO Ralph Mupita has taken proactive steps to address employee concerns in the wake of allegations surrounding his leadership, favoritism, and the group’s performance. In response, he assured staff that the company has robust governance mechanisms to handle issues related to employees and senior management effectively. Some of…

MTN is currently facing significant internal challenges, including disputes among its top executives and a notable departure of senior leaders from its South African division. The Sunday Times has highlighted dissatisfaction with the direction of the company under CEO Ralph Mupita, who assumed leadership on September 1, 2020. Reports suggest…

Airtel Nigeria Telesonic Limited, the fiber service division of Airtel Nigeria, has secured three pivotal telecom licenses from the Nigeria Communication Commission (NCC), approximately seven months post its inception. The telecommunications giant has been awarded a National Long Distance (NLD) license, an Internet Service Provider (ISP) license, and a Sales…

Ed-tech innovator Esoma Solutions is revolutionizing the K-12 educational landscape by providing digital learning tools, with its standout offering, Esoma Kids, enhancing foundational literacy and numeracy skills through an engaging online platform. Launched in 2018 by co-founders Julius Irungu, Kelvin Kung’u, and Esborn Waithuki, Esoma Solutions first introduced Esoma-KE, a…

Logidoo, a logistics company committed to enhancing trade throughout Africa, has introduced Afridoo, an innovative platform aimed at streamlining online commerce and bolstering African entrepreneurs. Established in 2020 by Tamsir Ousmane Traoré, Logidoo has crafted an all-encompassing logistics solution that spans the entire supply chain. The company’s approach includes collaboration…

Tunisian energy management startup Wattnow has recently concluded a substantial funding round, securing a multi-million dollar investment to further accelerate its already notable expansion. Established in 2018 by entrepreneur Issam Smaali, Wattnow has been at the forefront of assisting businesses in mastering their energy consumption through its intuitive combination of…

Kenya has introduced two innovative digital systems aimed at streamlining the management of presidential directives and the approval process for international travel of high-ranking government officials. The newly launched systems, known as the Presidential Directives Management Information System (PDMIS) and the Foreign Travel Management Information System (FOTIMS), are designed to…

BYD, the pioneering Chinese electric vehicle (EV) manufacturer known as Build Your Dreams, is making a significant leap into the African market by establishing a presence in Zambia. This move is made possible through a strategic alliance with Pilatus Electric Mobility Zambia Limited (PEM). The doors of the new BYD…

Standard Chartered Bank, in collaboration with WomHub, has unveiled the second edition of the Women in Tech (WiT) Incubator Programme in South Africa, a powerful initiative designed to bolster women entrepreneurs in the technology sector by offering education, mentorship, and investment opportunities. The WiT Incubator Programme, which Standard Chartered first…

The Timbuktoo HealthTech Accelerator Program has launched a call to action for forward-thinking entrepreneurs and innovators throughout Africa, inviting them to present their revolutionary concepts aimed at reshaping healthcare across the continent. This initiative is on the lookout for startups that offer scalable and sustainable solutions, utilizing technology to tackle…

Nigerian fintech innovator Grey has forged a strategic alliance with dLocal, a prominent player in the cross-border payment sector, to facilitate its growth into new and emerging markets. Founded in 2021 by visionaries Idorenyin Obong and Femi Aghedo, Grey has quickly become a go-to service for international money transfers, offering…

Nigeria-based Kredete, a fintech startup that specializes in assisting African immigrants with credit score development and facilitating remittances, has successfully secured US$2.25 million in a seed funding round. This capital injection is set to bolster the company’s expansion efforts across Africa, where it has already established a presence in 20…

The Meltwater Entrepreneurial School of Technology (MEST), in partnership with the Norwegian Embassy, has announced the commencement of the application process for the sixth iteration of the MEST Africa Challenge. This year’s competition is particularly geared towards recognizing and bolstering outstanding entrepreneurs in the agricultural technology sector. MEST, which was…

Chpter, an innovative e-commerce startup based in Kenya, has successfully secured $1.2 million during its pre-seed investment round. The company, which was initiated by the entrepreneurial minds behind the Y Combinator-supported Marketforce, aims to allocate the newly acquired funds towards enhancing its technological infrastructure and pursuing growth opportunities in the…

The Nigerian Securities and Exchange Commission (SEC) has taken a significant step forward in the regulation of digital assets by issuing provisional licenses to two cryptocurrency exchanges, Quidax and Busha. This move comes just a week after the SEC indicated its intention to begin granting its inaugural set of cryptocurrency…

MTN Group has announced the strategic appointment of four non-executive directors to the boards of its subsidiaries, MTN Group Fintech and Bayobab, as part of its ongoing commitment to bolster its leadership in the fintech and digital services sectors. Herman Bosman will take on the role of independent chairman for…

French authorities have formally charged Pavel Durov, the CEO of Telegram, and imposed a travel ban on him, preventing him from leaving France while they conduct an investigation into allegations against the Russian billionaire. On Wednesday, Durov faced charges of “complicity in the dissemination of child pornography, the illegal sale…

Liquid Telecommunications, a prominent African fiber company, is on track to secure a significant investment from a US development agency as part of its ambitious plan to raise US$225 million in equity by the year’s end, CEO Hardy Pemhiwa has revealed. The International Development Finance Corporation (IDFC) is set to…

Absa Group has disclosed that its CEO, Arrie Rautenbach, will be departing from the company following a downturn in profits for the half-year period ending June 30, 2024 (H1 2024). In a mutual agreement with the board, Rautenbach will take early retirement from the group, effective April 15, 2025. His…