Author: Tapiwa Matthew Mutisi

The European Bank for Reconstruction and Development (EBRD) is set to channel up to $40 million into the newly established SPE PEF III fund, managed by SPE Capital. The capital infusion is targeted at reinforcing mid-sized enterprises within the economies of Egypt, Morocco, and Tunisia. SPE PEF III is designed…

The social impact investment firm Oikocredit has recently extended a debut loan of $10 million to AfricInvest Private Credit (APC), with the aim of bolstering small and medium-sized enterprises (SMEs) throughout the African continent. This collaborative effort is set to broaden the availability of financial resources for SMEs that are…

Entrepreneurial ventures based in Africa are being called upon to submit their applications for the esteemed Future of Capitalism competition. This contest presents a significant opportunity for startup founders to propel their businesses forward with a substantial financial boost, offering an investment that could reach as high as one million…

The Zambian government, in collaboration with private entities, has embarked on an ambitious project to construct 520 new communication towers throughout the nation, as announced by Felix Mutati, the country’s Minister of Science and Technology. This project is part of a broader strategy to significantly enhance Zambia’s telecommunications infrastructure, with…

MTN South Africa has recently made it known that they intend to challenge a legal action initiated by Vodacom. Vodacom has filed a lawsuit claiming that MTN’s spectrum sharing agreements with Cell C and Liquid Intelligent Technologies are in violation of the law. The dispute began in May 2024 when…

Nigeria’s burgeoning film industry, popularly known as Nollywood, has been capturing the attention of the nation’s government with its significant strides and impressive achievements. In the year 2021, the film sector made a remarkable impact on Nigeria’s economy by contributing 2.3%, which amounts to approximately $660 million, to the country’s…

Amazon has announced a revision to the timeline for the debut of its Project Kuiper, an initiative to provide internet services from space, pushing the launch of its inaugural fleet of satellites to the last quarter of 2024. This adjustment marks a shift from the original schedule, which aimed for…

Zambia’s Minister of Science and Technology, Felix Mutati, has declared the initiation of efforts to create an Artificial Intelligence (AI) Framework for the nation. In collaboration with the Tony Blair Institute, known for its strategic, policy, and delivery guidance to governments and leaders, the Zambian government is in the process…

First National Bank (FNB), the oldest bank in South Africa, has issued a warning regarding the sophisticated phishing techniques that cybercriminals are increasingly employing to deceive users of digital wallets. The bank clarified that these nefarious activities are not taking advantage of any inherent security flaws; instead, the criminals are…

Nick Imudia, who was serving as the CEO of d.light, a solar energy company, and had previously held the position of Chief Executive Officer at Konga, a leading Nigerian e-commerce firm, has tragically died in what appears to be a suicide. The incident took place when Imudia reportedly jumped from…

The Nigerian Federal Government has unveiled an ambitious plan to significantly expand the nation’s fibre-optic infrastructure by 90,000 kilometres. The expansion, dubbed the Fibre Forward Strategic Development project, is a $2 billion initiative designed to transform Nigeria’s connectivity landscape. During the Fibre Forward Strategic Development Workshop, Wale Edun, the Minister…

The Central Bank of Kenya’s (CBK) recent licensing of seven new Digital Credit Providers (DCPs) is a significant step in the regulation and oversight of the digital lending space in Kenya. With the addition of these seven DCPs, the total number of licensed digital lenders in the country now stands…

NASA has chosen SpaceX to design a specialized spacecraft tasked with the controlled de-orbiting of the International Space Station (ISS) in the year 2030. This significant contract, which could be worth up to $843 million, was publicly disclosed by the space agency on a recent Wednesday. The ISS, which has…

Mama Money, a South African startup specializing in cross-border money transfers, has recently forged strategic partnerships with Access Bank and Paymentology, two renowned entities in the realms of banking and card issuance. The collaboration has led to the innovative launch of a banking card service that operates through WhatsApp, a…

Samsung has officially announced that their upcoming Unpacked event, which is eagerly anticipated each summer, is scheduled to be held on July 10th in the heart of Paris, France. The news was made public on Tuesday, and the event’s invitation is particularly intriguing, featuring an animation that subtly suggests the…

In a detailed turn of events, Julian Assange, the founder of WikiLeaks, has officially entered a plea of guilty to charges under the Espionage Act. This significant legal development took place at a federal courthouse located in Saipan, which serves as the administrative center of the Northern Mariana Islands. Assange’s…

Volkswagen Group has announced a strategic investment of $1 billion into the electric vehicle startup Rivian, as part of a comprehensive software development agreement that has the potential to escalate up to $5 billion. This financial injection is a significant boost for Rivian, particularly as the company navigates the challenging…

In less than a year since its introduction to the Kenyan market in July 2023, Starlink, the satellite internet service owned by Elon Musk, has witnessed a remarkable surge in its user base, growing by more than ten times. Prior to Starlink’s entry, Kenya had a modest number of satellite…

The University of Cape Town Graduate School of Business (UCT GSB) Solution Space, in collaboration with ayoba, has announced the opening of applications for the latest iteration of the e-Track programme. This initiative is designed to provide comprehensive support to startup enterprises throughout the African continent. The e-Track programme is…

Connect Money, an emerging fintech company specializing in banking-as-a-service (BaaS) with a focus on embedded finance, has recently concluded a successful seed funding round, securing $8 million. This financial milestone was achieved with the leadership of two notable venture capital entities, Disruptech Ventures and Algebra Ventures. The company’s core offering…