Author: Tapiwa Matthew Mutisi

ALX Africa, a provider of technology skills training, has formed a strategic alliance with the Patoranking Foundation to create a substantial scholarship fund valued at $500,000 (approximately R9.4 million). This initiative is designed to provide educational opportunities to young individuals who demonstrate exceptional potential. The Patoranking Foundation, established by the…

TikTok has officially announced the launch of its 2024 Change Makers Programme in South Africa, dedicating a substantial grant of $1 million (approximately R18.7 million) to support content creators and non-profit organizations that are making a significant social impact within their communities. This initiative represents TikTok’s inaugural venture into a…

The South African branch of the multinational mobile telecommunications company, MTN, and the global technology firm, Huawei, have formalized an agreement to collaborate strategically on the development of Net5.5G technology. This agreement was solidified through the signing of a memorandum of understanding (MOU), which signifies a mutual commitment to work…

Bolt South Africa has taken decisive action to enhance the safety and compliance on its platform by permanently removing access for over 6,000 drivers in the last six months. These drivers were barred from the mobile app due to issues related to non-compliance with the company’s policies and safety concerns.…

The Central Bank of Kenya (CBK) is poised to open up the payment market to financial technology innovators by issuing payment licenses to fintech startups in the near future. This move represents a significant shift from previous regulations and is anticipated to broaden the scope of the payment industry within…

i’SUPPLY, a healthtech enterprise operating in the B2B sector in Egypt, has successfully secured funding in a pre-Series A round to bolster its growth initiatives. The company’s objectives with this new capital injection include expanding its operations, enhancing its financial services for small and medium-sized pharmacies, and advancing its fintech…

The anticipated “merger of equals” between Kenya’s Wasoko and Egypt’s MaxAB, two prominent players in African eCommerce, has encountered some delays. The merger, which has been in negotiation for seven months, is facing a slowdown due to a prolonged due diligence process, ongoing internal restructuring, and various macroeconomic challenges. Despite…

In a remarkable turn of events for the African startup ecosystem, May saw an influx of investment, with startups securing an impressive $187 million in funding. This figure represents a significant increase of 149% compared to the $75 million raised in April. According to data compiled by ‘Africa: The Big…

Botswana is taking a significant step towards modernizing its financial infrastructure with the introduction of Digipost by BotswanaPost, the country’s official postal operator known for its innovative services in finance, logistics, postal, communications, and agency sectors. This new digital post office initiative is set to bolster economic growth and enhance…

Winich Farms, a Nigerian agritech company, is positioning itself to become a leader in traceability and agricultural supply chain efficiency in Africa in the foreseeable future. The concept of traceability in the agricultural sector involves the capacity to monitor and track the journey of agricultural products throughout the entire supply…

Airtel Africa, a leading provider of telecommunications and mobile money services, has selected Network International, a prominent enabler of digital commerce in the Middle East and Africa (MEA), to serve as its official payment processor. Through this strategic alliance, Network International will deploy its array of services across several key…

Ecobank, a prominent banking institution with a widespread presence across Africa, is currently inviting entries for the latest iteration, the seventh, of its esteemed Fintech Challenge. This competition is renowned for its substantial grand prize of $50,000. The challenge is held annually and is designed to attract both nascent and…

During the recent keynote at Apple’s Worldwide Developers Conference, a plethora of exciting updates and features were unveiled, all of which are slated for release in the upcoming major software rollouts scheduled for the autumn of this year. The forthcoming iterations of Apple’s operating systems, namely iOS 18, macOS Sequoia,…

The independent board of MultiChoice has advised its shareholders to agree to a buyout proposal from Canal+. This recommendation was detailed in a comprehensive statement, where the board declared the offer of 125 South African Rand per share to be equitable and sensible. They urged shareholders to give their consent…

Adia Sowho has stepped down from her role as Chief Marketing Officer at MTN Nigeria, marking the end of her notable three-year tenure with the company. In the wake of her departure, Ugonwa Nwoye, who currently holds the position of Chief Customer Relations Officer at the telecom giant, will assume…

The South African fintech startup Paymenow has forged a strategic alliance with Thiqa Digital Finance, a prominent Islamic finance platform in Uganda, to offer Ugandan government employees a secure and interest-free option to access their earned wages ahead of schedule through a mobile application. Established in 2019, Thiqa Digital Finance…

Mastercard has committed $2.04 million to a collaborative effort with Wowzi, a premier influencer marketing platform in Africa, and Masria Digital Payments (MDP), with the goal of bolstering African content creators. Spanning over five years, this initiative is designed to transform the way content creators manage their finances by equipping…

The European Investment Bank’s specialized branch for global development, EIB Global, has pledged €25 million to the Amethis Fund III, a private equity fund with a focus on the African continent. This substantial financial commitment is intended to boost the growth of medium-sized enterprises in Africa that cater to the…

The second edition of the Pitch2Win competition has identified fifteen Nigerian startups as finalists, with the event offering a substantial prize of up to $10,000 and an opportunity for the winner to travel to Japan. Organized by Techcircle in partnership with Freakout, SGverse, and SGgrow, Pitch2Win is set to take…

4Di Capital, a venture capital firm based in Cape Town, South Africa, is gearing up to launch its third venture fund aimed at providing seed to Series A funding for promising startups across Africa. Established in 2009, 4Di Capital has become a prominent name in the venture capital sector, particularly…