Author: Tapiwa Matthew Mutisi

South Africa-based Edge Growth has secured $2.1 million to support growth-stage small and medium enterprises (SMEs) through the ASISA Enterprise and Supplier Development (ESD) Fund. Managed by Edge Growth, the ASISA ESD Fund focuses on investing in SMEs poised to drive significant social and economic impact, a crucial mission amid…

Zimbabwe’s internet market is experiencing a significant transformation with the introduction of Elon Musk’s Starlink. Local Internet service providers (ISPs) have been compelled to slash their prices to compete with the high-speed satellite Internet provider. Starlink, which delivers broadband via a constellation of satellites, has quickly gained traction in Zimbabwe.…

Apple is gearing up for a significant series of announcements starting the coming Monday, October 28, with strong indications pointing towards the unveiling of the latest Mac models. Greg Joswiak, the company’s senior vice president of worldwide marketing, playfully hinted at the upcoming events with a post on X, teasing,…

In the second quarter of 2024, TikTok South Africa took down 614,406 videos from its platform for breaches of its community standards, which cover a range of issues from integrity and advertising to privacy and security. The details were outlined in TikTok’s Q2 2024 Community Guidelines Enforcement report, which aims…

visionAI, a prominent South African company specializing in artificial intelligence (AI) and computer vision technologies, has recently received a financial boost from Kalon Venture Partners. This investment is set to propel visionAI’s expansion efforts as it continues to revolutionize industries such as manufacturing and supply chains, among others. The company’s…

Elon Musk’s satellite internet service, Starlink, has experienced a sell-out of its terminals in Harare, Zimbabwe, in less than two months after being granted operational permission. The Zimbabwean capital joins other African cities — which include Abuja and Lagos in Nigeria, Nairobi in Kenya, Lusaka in Zambia — where the…

LinkedIn is at risk of incurring a substantial fine of €310 million ($334 million) from the European Union following a ruling by the Irish Data Protection Commission (DPC). The DPC concluded that LinkedIn had inappropriately used its members’ personal data for targeted advertising through behavioral analysis without proper consent, which…

Sendstack, a logistics platform supported by OnDeck, is phasing out its primary last-mile delivery service, DLVR, to concentrate on a new offering called CTRL. This new product is designed to assist businesses in managing delivery routing and tracking, maintaining communication with drivers and customers, handling payments, and providing operational insights…

Following its recent acquisition by OmniRetail, fintech startup Traction Apps has announced plans to downsize its workforce. In a recent statement, the company explained that the layoffs are a consequence of the acquisition, aimed at optimizing operations and aligning with the company’s future goals. As part of the integration process…

Colis.ma, an emerging logistics enterprise based in Morocco, has recently garnered a substantial investment of $300,000 in its pre-seed financing round, courtesy of Witamax, a venture capital firm supported by private investors. This infusion of capital is earmarked for bolstering Colis.ma’s operational footprint within the five most significant regions of…

The African Export-Import Bank (Afreximbank), a Pan-African multilateral financial institution dedicated to financing and promoting trade within and outside of Africa, has entered into a term loan agreement with Tunisia’s Mediwood Studios. The $3 million loan, signed on October 19, 2024, during the Creative Africa Nexus Weekend (CANEX WKND) in…

In a bid to enhance financial inclusion for Nigerians living abroad, the Nigerian Inter-Bank Settlement System (NIBSS) is gearing up to unveil a novel non-resident Bank Verification Number (BVN) platform in December 2024. This innovative platform is designed to facilitate the seamless operation of local bank accounts, business activities, and…

Ibrahim Ibitade, the co-founder and Chief Executive Officer of the cross-border payments company Leatherback, has recently resigned from his leadership role after a tenure of five years. During his time as CEO, Ibitade played a pivotal role in expanding Leatherback’s international footprint and solidifying its reputation as a reliable entity…

The Moroccan property technology startup Agenz has recently received a strategic investment from Renew Capital, with the amount remaining undisclosed. This financial boost is set to facilitate the expansion of Agenz’s innovative services across Morocco and the broader African continent. Agenz, which was established in 2020 by entrepreneur Malik Belkeziz,…

Pargo, a pioneering smart logistics enterprise established in 2015 by Lars Veul and Derk Hoekert in Cape Town, specializes in providing innovative e-commerce delivery solutions. The company has developed a vast network of over 4,500 advanced, technology-driven Pargo Points, which has successfully facilitated connections between prominent firms such as Amazon,…

The African Development Bank (AfDB) has sanctioned a substantial loan of $100 million to bolster the entrepreneurial efforts of Nigerian youth and women through the Youth Entrepreneurship Investment Bank (YEIB) initiative. This initiative is strategically designed to stimulate economic expansion and generate employment opportunities. YEIB serves as a synergistic hub,…

Nigerian authorities have dropped all charges against Tigran Gambaryan, an executive at Binance, allowing him to seek medical treatment abroad after months of diplomatic talks between Nigeria and the U.S. The Economic and Financial Crimes Commission (EFCC) formally withdrew the case against Gambaryan, citing his deteriorating health and diplomatic interventions.…

The Nigerian fintech startup, Klasha, has successfully secured an additional $2 million in investment to bolster its business-to-business (B2B) cross-border payment infrastructure with a focus on the Chinese market. Established in 2021 by entrepreneur Jess Anuna, Klasha is at the forefront of simplifying the process of transferring funds across emerging…

The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has recently sanctioned an increase in the pricing structure for local telecommunications companies. This decision was taken in response to the devaluation of the Zimbabwean dollar, which has been experiencing a significant decline in value. As a result, major telecommunications operators…

Three innovative Nigerian startups have been awarded a total of N24 million to expand their impactful solutions after being declared the winners of the TotalEnergies Startupper Challenge 2024. These startups stood out among the 100 to be chosen from 32 African countries participating in this year’s competition. At the grand…