Author: Tapiwa Matthew Mutisi

Orange Ventures, the venture capital division of the multinational telecommunications corporation Orange Group, in conjunction with Digital Africa, a prominent organization championing digital entrepreneurship across the African continent, have unveiled a collaborative co-investment scheme aimed at fostering the growth of startups that are part of the “Orange Digital Centres” network.…

LAfricaMobile, a prominent player in the realm of cloud-based communication and mobile marketing solutions, has successfully raised €4.3 million during its Series A investment round. This financial boost was spearheaded by Janngo Capital and saw contributions from an illustrious array of investors. Notably, this included French football stars Aurélien Tchouaméni…

The upcoming GITEX Africa event in Morocco is set to highlight Africa’s rapid ascent as a key player in the global digital transformation arena, with a special emphasis on the potential of Artificial Intelligence (AI). GITEX Africa, which is launching its second edition in Marrakech from May 29 to 31,…

MPOST, an innovative digital postal service provider, has recently launched its operations in Rwanda, introducing the e-P.O. Box system designed to revolutionize the way locals engage with postal services. The cutting-edge e-P.O. Box system developed by MPOST allows individuals and businesses in Rwanda to link their mobile numbers to an…

OPay, the mobile money service provider, has recently declared that it will be implementing mandatory physical address verification for all merchants enrolled in the OPay Business program. This initiative is a direct response to the regulatory guidelines set forth by the Central Bank of Nigeria (CBN), aiming to enhance the…

The prestigious GoGettaz Agripreneur Prize Competition, now in its sixth year, is extending an invitation to young African entrepreneurs leading agri-food ventures to submit their applications for a chance to win a substantial prize. This competition is recognized as the most significant annual event of its kind on the African…

The Free State province in South Africa is embarking on an ambitious journey to embrace electric mobility by investing a substantial sum of $234 million to establish the first-ever global network of solar-powered electric vehicle (EV) charging stations. This groundbreaking initiative is the result of a collaboration between Zero Carbon…

PAIX Data Centres, a leading pan-African provider of carrier and cloud-neutral data centre services, has revealed plans to expand its facility in Ghana to a capacity of 1.2 megawatts (MW). This expansion is a strategic response to the burgeoning demand for digital infrastructure across the African continent. The Ghanaian data…

Payrails, a Berlin-based payment solutions provider, has entered into a strategic partnership with inDrive, a global ride-hailing service, to enhance inDrive’s payment offerings across the Middle East and North Africa (MENA) region and beyond. The collaboration is set to optimize the payment experience for inDrive’s drivers and customers, aiming to…

The Kenyan government is planning to present a Finance Bill in 2024 that will introduce a value-added tax (VAT) on electric bikes, buses, and solar and lithium-ion batteries. This legislative move is raising concerns among industry players, including the Nairobi-based Associated Battery Manufacturers (ABM), who fear that the proposed eco-tax…

Telecom Egypt, the foremost telecommunications provider in Egypt, has forged a strategic alliance with Huawei Cloud to launch Huawei’s inaugural public cloud platform based in Egypt. This initiative is aimed at propelling the nation’s digital transformation agenda forward. According to reports, Telecom Egypt’s data centers will serve as the host…

TowerCo of Africa Tanzania (TOA Tanzania), a provider of telecommunications infrastructure, has recently entered into a $30 million financing deal with British International Investment (BII). This funding is set to enhance TOA Tanzania’s network infrastructure by facilitating the construction of approximately 200 new cellular towers. The expansion is particularly aimed…

Kenyan startup BuuPass, which specializes in digitizing intercity bus and transportation operations in Africa, has set ambitious expansion goals to establish a presence in eight additional markets by 2025. This expansion would bring its total market presence to 12, following its recent acquisition of its Kenyan counterpart, QuickBus. Co-founded by…

AfriLabs, an expansive network of African technology hubs, has joined forces with Vault Hill, a UAE-based blockchain company, in a partnership that heralds a new epoch of tech-driven empowerment, spurring innovation and digital transformation throughout Africa and the Middle East. As a network organization, AfriLabs is deeply invested in stimulating…

The Egyptian fintech startup bokra, which specializes in goal-oriented investment and savings, has entered into a strategic partnership with Dahab Masr, a company focused on investments in precious metals. This collaboration has led to the creation of a new platform that enables users to invest and save in a variety…

The venture capital firm Glint, headquartered in Egypt, has successfully reached the initial milestone in the funding process for its second venture capital fund, securing US$3 million. This fund is specifically targeted at providing financial support to early-stage startups. Established half a dozen years ago, Glint has carved a niche…

Microsoft South Africa has announced a substantial investment of 1.3 billion rand aimed at fostering the development of essential digital skills within the nation. This initiative is particularly focused on empowering small and medium-sized enterprises (SMEs) to upgrade their workforce’s capabilities to seamlessly integrate with contemporary technological advancements. To facilitate…

Beltone Holding, a prominent financial entity in Egypt, has made a public announcement that its affiliate, Cash for Microfinance, has entered into a collaborative arrangement with Microfinanza Italia. This partnership involves the initiation of a substantial project, valued at $2.4 million, with the objective of bolstering and empowering entrepreneurial individuals.…

LemFi, a company specializing in cross-border payments, has recently received additional authorization from the Central Bank of Kenya (CBK) to manage remittance operations within the country. This new license will facilitate LemFi to offer remittance services in Kenya through a strategic partnership with local fintech company Flex Money Transfer. Having…

Bradwin Roper, a veteran in the financial services industry, has been named the new chief of payments partnerships at Jumo, a company specializing in banking technology. In addition to this role, he will also serve as a member of the executive committee. Roper’s new position at Jumo will be effective…