Author: Tapiwa Matthew Mutisi

Jetstream Africa, a digital freight forwarding company based in Ghana, has unveiled an innovative platform called Jetvision.ai that harnesses artificial intelligence. This platform aims to heighten cross-border trade across Africa. This latest development enables local banks to employ Jetvision.ai in offering trade finance products to businesses that are considered financially…

According to data collected by payment processor Interswitch, First Bank of Nigeria’s agency banking arm, Firstmonie, ranks as the leading bank-led agency in Nigeria’s agency banking market. In 2023, Firstmonie facilitated over ₦1.1 trillion in transactions, a volume exceeding the combined total handled by Access Bank, Zenith Stanbic IBTC, Union,…

The World Bank has pledged $120 million to aid Kenya in its development of the country’s first vaccine production facility. The announcement was made during a tour of the facility in Embakasi, Nairobi, led by the Health Principal Secretary, Harry Kimutai, and the World Bank Vice President for Human Development,…

Gokada, a prominent Nigerian last-mile delivery company, has transitioned to a more asset-light business model as part of its funding raising efforts, according to two insiders speaking to TechCabal. Oluwaseun Omotosho, COO of Gokada, confirmed the company’s strategic shift that began in 2022. Defined by a company owning significantly less…

UfarmX, an agricultural platform that connects farmers with quality inputs and market access, has partnered with sustainable energy solutions provider, Africa GreenTec. This collaboration is aimed at supporting female farmers in Senegal who are dealing with the impact of climate change. The partnership plans to launch a pilot program providing…

Kenyan music distribution platform Mdundo is set to pay an unrivaled $1.5 million in royalties to artists for the 2023/24 period, demonstrating its commitment to supporting African musicians and advocating for rightful compensation. Mdundo, established in Kenya in 2013 and committed to delivering music conveniently and legally across Africa, has…

Showmax, under its parent company Multichoice, has appointed Emma Gichonge as its first General Manager for East Africa as part of expansion plans. Prior to this, Gichonge served as the Managing Director of Multichoice Malawi for two years and oversaw franchises in East, Central, and West Africa. “Showmax is a…

Martin Griffiths, the UN Relief Coordinator, has deemed Sudan’s internet shutdown as “unacceptable” and is demanding immediate rectification. The blackout has made it difficult to communicate, perform financial transactions, access basic services, and cater to humanitarian needs. Impacted telecommunication companies include MTN, Zain Sudan, and the state-run Sudatel Telecom Group,…

Sierra Leone, a tropical country on Africa’s west coast, may be small in size, but it has grand ambitions in technology. President Julius Maada Bio envisions Sierra Leone as “the Estonia of Africa,” supplying tech talent across the continent, backed by government investment and political support. “Sierra Leone aims to…

IHS Cameroon has launched the ‘Tower Kiosk’ initiative in the rural communities of Idenau, Santa, and Tombel in Cameroon’s northwest and southwest regions, with the intent to enhance connectivity and digital services. These kiosks will offer free internet access and support local businesses and entrepreneurs. They will also function as…

African vehicle financing startup, Moove, has secured $10 million in debt funding from sector-agnostic venture debt fund, Stride Ventures. Having entered the Indian market in 2023, the funding aims to solidify Moove’s presence there and extend its operations to new cities, including Delhi, Pune, and Kolkata. Currently, the company operates…

Airtel Africa recently announced plans to establish a new data centre in Nairobi, making it their second in Africa following their facility in Nigeria. This move is part of the company’s strategy to diversify its revenue sources through a proposed 7-megawatt capacity centre in Kenya, building on its existing 36-megawatt…

Ghana-based multi-sector fund investor, Injaro Investments Advisors Limited, recently announced the closing of its Ghana Cedi-denominated private equity fund, Injaro Ghana Venture Capital Fund (IGVCF), at GHS 216 million ($17.5 million). The fund attracted investors such as Venture Capital Trust Fund, Minerals Income Investment Fund Ghana, and several local pension…

Mira, a fintech startup founded by Ted Oladele, Former VP of Design and Innovation at Flutterwave, is on a mission to streamline the meal ordering and payment process. Mira’s QR code payment system enables customers to instantly pay for their meals, scan a QR code, view their personalized bill, and…

Flutterwave, currently Africa’s most valuable startup, has invested in Piggytech, the parent company of Nigerian fintech startup, PiggyVest. According to a confirmed official statement from PiggyVest, the deal is structured as a SAFE (Simple Agreement for Future Equity), implying that Flutterwave invested cash into PiggyVest with the expectation of receiving…

Logidoo, a logistics startup based in Morocco, has successfully raised $1.55 million in seed funding. The company’s aim is to scale up operations and increase its market share. The funding round was led by six venture capital firms, namely Maroc Numeric Fund II and Kalys Ventures from Morocco, 216 Capital…

Adewale Yusuf, the CEO of AltSchool Africa, once stressed the necessity of extending education beyond traditional classroom settings. He championed the use of the internet as a vast and accessible tool for bringing education to the next billion Africans. This ideology has sparked a lot of interest, leading to a…

The Pan African Payment and Settlement System (PAPSS) under Afrieximbank has broadened its footprint to North Africa, with the Banque Centrale de Tunisie (BCT) becoming the thirteenth member of the regional payments platform. The PAPSS is a cross-border financial infrastructure that allows for payment transactions throughout Africa. Its members comprise…

X, formerly known as Twitter, has announced that it will soon allow advertisers to place ads alongside specified content creators. This move aims to prevent ads from appearing near controversial or offensive content. The announcement comes after several brands retracted their advertisements from X last year when they were displayed…

The Supreme Court of Appeal in South Africa has ordered Vodacom to pay Kenneth Nkosana Makate a sum between R28.99 billion and R55.37 billion for his Please Call Me concept, according to court documents observed by MyBroadband. The amount is considerably higher than previous assumptions derived from Makate’s initial statements…