Author: Tapiwa Matthew Mutisi

The fintech platform Fido, based in Ghana and Uganda, has recently achieved a significant milestone in its growth trajectory by securing a substantial $10 million in Series B investment. This infusion of capital comes courtesy of MASSIF, a fund dedicated to financial inclusion and managed by FMO, the Dutch entrepreneurial…

Uganda Telecommunications Corporation Limited (UTel), the erstwhile national telecom provider of Uganda, is on the cusp of a significant financial resurgence with the infusion of a substantial $225 million investment from Rowad Capital Commercial (RCC) LLC. This considerable capital injection is the culmination of thorough discussions and negotiations that took…

Starlink has officially initiated its internet service offerings in South Sudan, following the green light from the National Communications Authority (NCA). This move is part of a broader initiative to provide the country with accessible and affordable internet connectivity. Earlier in late June, Eye Radio covered the news that Starlink…

Microsoft has revealed plans to convene a specialized conference in September, aimed at dissecting the pivotal takeaways and security strategies the tech industry should adopt following the CrowdStrike computer shutdown incident that occurred in July. The summit, titled the Windows Endpoint Security Ecosystem Summit, is scheduled for September 10 and…

Kenyan enterprise MWINGI is on a mission to construct the most extensive network of interconnected trading outlets, known as “MWINGI Shops,” with the aim of becoming the primary supplier for both its franchisees and other local merchants within the region. Since its inception in October 2014, MWINGI has been pioneering…

Pavel Durov, the CEO of the messaging app Telegram, was detained at an airport near Paris this past Saturday. The arrest is part of a preliminary inquiry scrutinizing the app’s moderation policies and its alleged inability to effectively prevent criminal activities, as reported by Reuters, referencing French media outlets BFM…

Threads, the social media platform, is currently testing a new feature that allows users to set a 24-hour expiration timer on their posts. In line with this functionality, both the original post and any subsequent replies will automatically vanish after the set period, akin to the ‘Stories’ format popular on…

Ghanaian fintech innovator PayBox has recently unveiled Buddy, a comprehensive financial platform designed to grant young Africans access to inclusive financial services and autonomy. As a trailblazer in the fintech sector, PayBox has been at the helm of facilitating cross-border payments and fund transfers for small and medium-sized enterprises (SMEs)…

Untapped Global, a prominent impact investment firm, has recently made a strategic investment in ElimuTab, an innovative educational technology startup based in Kenya. Founded in 2022 by entrepreneurs Anthony Kahinga and Grace Wairimu, ElimuTab is at the forefront of creating customized educational tablets. These devices are specifically designed to improve…

AfriLabs, recognized as the most extensive network of technology and innovation centers across Africa, has recently announced a significant expansion. The network has welcomed 18 new hubs, thereby extending its reach to a total of 496 hubs situated in 261 cities spanning 53 African countries. As an organization, AfriLabs is…

Neuralink, the neurotechnology company spearheaded by Elon Musk, has shared an encouraging update regarding the second participant in its pioneering human trials. The update highlighted that, in a positive development, there has been no evidence of “thread retraction” in this individual. Neuralink’s technology involves embedding a chip into the brain,…

In a move that seems to echo the early days of social networking, Instagram has unveiled a new feature that feels like a nod to the once-popular MySpace. Users of Instagram can now add a personal touch to their profiles by attaching a song of their choice, reminiscent of MySpace’s…

Binance, the internationally renowned cryptocurrency exchange, has unveiled an expansion of its services in Africa by introducing a new feature that allows users in Ghana, Tanzania, Uganda, and Zambia to engage in cryptocurrency transactions using their mobile money accounts. This innovative feature, known as One Click Buy and Sell (OCBS),…

TymeBank, a pioneering digital banking institution based in South Africa, has successfully amassed R4 billion (equivalent to approximately $222 million) in customer deposits. The bank has set its sights on expanding its operations to Indonesia by the end of 2024, marking its entry into the third Southeast Asian market. This…

The ride-hailing service Bolt has recently taken action to deactivate an unspecified number of user accounts after identifying a pattern of fraudulent activity. These accounts were reportedly involved in soliciting fictitious ride requests and then deliberately canceling them once a driver had committed to the trip. To further combat this…

Mike Lynch, a 59-year-old British technology entrepreneur, has been declared deceased following an extensive search and rescue operation, as reported by various news outlets. The 183-foot luxury yacht Bayesian foundered near Sicily’s coast at approximately 5 AM local time on Monday amidst a severe storm. Lynch was among the 22…

NoorNation, an Egypt-based startup focusing on climate technology, has recently received an undisclosed amount of funding from KBW Ventures, the venture capital firm established by Saudi Prince Khaled bin Alwaleed. This investment will facilitate NoorNation’s growth ambitions and enhance its pioneering work in decentralized energy and water systems. Launched in…

African B2B e-commerce platform, OmniRetail, has announced the appointment of Steve Dakayi as the Country Lead for Ivory Coast, signaling the company’s strategic expansion into the Francophone region of Africa. Dakayi transitions to OmniRetail following the closure of BetaStore, a B2B e-commerce venture he launched in 2020. With a decade…

IHS Holding, a prominent player in the telecommunications tower industry, is reportedly exploring the possibility of divesting its operations in Rwanda and Zambia. The company is gauging interest from potential acquirers, with the intention of allocating a portion of the proceeds from any sales to reduce its outstanding debt. This…

In an unexpected development, Quizac, an educational technology startup previously slated for closure this month, has been acquired by Tekedia Capital, an investment syndicate. The financial details of the acquisition have not been disclosed, as both parties have chosen to remain silent on the matter. Tade Samson, one of the…