Author: Tapiwa Matthew Mutisi

MarketForce, a startup established in Kenya in 2018 specializing in sales force automation software, has recently made a significant strategic shift. The company declared the cessation of its business-to-business (B2B) eCommerce service, RejaReja, while simultaneously unveiling its latest project named Chpter, a platform aimed at social commerce. According to the…

Astra Energy and Powertron Global, two US-based proponents of clean energy, have recently united to create a joint venture that will specialize in the development of waste-to-energy initiatives throughout Africa. This strategic alliance seeks to confront the escalating waste management issue on the continent and simultaneously offer a renewable energy…

The European Investment Bank (EIB) in collaboration with the Bank of Kigali, has embarked on a strategic partnership to funnel a €100 million investment into agroecological ventures across Rwanda. This financial boost is envisaged to revolutionize the agricultural landscape of rural Rwanda by enhancing the availability of loans to agricultural…

AltCoinTrader, a prominent cryptocurrency exchange based in South Africa, has recently achieved a significant regulatory milestone by acquiring both category one and category two licenses from the Financial Sector Conduct Authority (FSCA). The firm shared the news about this accomplishment, highlighting that securing a license from the FSCA is indicative…

Goodwell Investments, a Dutch impact investing firm specializing in supporting enterprises within emerging markets, has recently declared its investment in OmniRetail, a Nigerian B2B e-commerce initiative striving to modernize the informal supply chains prevalent in Sub-Saharan Africa. In unison with Alitheia Capital, its seasoned investment partner, Goodwell contributed to OmniRetail…

Seacom, originally known for its submarine cable network, has recently expanded its technological frontier by introducing a novel satellite communication service in South Africa. This operation leverages the capabilities of compact satellites in low-earth orbit (LEO), deploying the service through a partnership with Eutelsat OneWeb. The service is currently operational,…

SafeBoda, the prominent Ugandan bike-hailing enterprise, has declared the launch of an electric motorcycle option on its mobile application, heralding an innovative addition to its service array. This initiative, first publicized via a post on platform X on April 16, 2024, signals a significant pivot towards environmentally conscious travel within…

Starlink, the satellite internet service operated by SpaceX, has officially communicated with its roaming clients via email to announce a crucial update regarding its service accessibility. The notice clarifies that Starlink’s services can only be lawfully utilized within those territories where the company has obtained authorization to conduct its operations.…

AfriLabs, an organization pivotal in propelling African innovation hubs, has proclaimed a significant partnership initiative with Saudi Arabia’s Ministry of Investment (MISA). This collaboration, established through a key strategic Memorandum of Understanding (MOU), is set to enhance the synergy between the two regions in advancing their technological and innovative frontiers.…

Spark+ General Partner has proudly disclosed updates on the subsequent funding phases of the Spark+ Africa Fund, which has now amassed an impressive Asset Under Management (AUM) figure of $64 million USD. The fund stands out as an innovative trailblazer, being the first of its kind to focus on impact…

According to the latest data released by the market research firm IDC on Sunday, Apple has experienced a significant 10% reduction in its smartphone shipments during the first quarter of 2024. This decline in sales has been attributed to the rising competition from various Android smartphone manufacturers who have been…

The phenomenon of online sports betting is surging across Africa at a rate never seen before. Despite the stark statistic that as much as 40% of Africa’s population lives in poverty, the continent is fast becoming one of the most lucrative markets for sports betting globally. Research data from Statista…

Metrofile, a prominent provider specializing in the management of documents and digital solutions, recently unveiled its latest venture: the introduction of advanced cloud-based services specifically earmarked for the East African market. These newly rolled out services will deliver essential benefits to the company’s clientele, primarily enhancing their data security measures…

Wema Bank, a Nigerian financial institution, faced significant financial setbacks due to incidents of fraud and forgery, which accounted for a loss of approximately 685 million Naira (equating to $594,943 USD) in the year 2023. The fraudulent activities were primarily executed through digital platforms and involved third-party payment and collection…

Vodacom Tanzania PLC (VTPLC), a leading telecommunications provider in Tanzania, has finalized the acquisition of Smile Communication Tanzania Limited, a smaller telecommunications company, for a purchase price of 68.8 billion Tanzanian Shillings (approximately $27.4 million USD). Notably, the transaction was structured as a “debt-free, cash-free” deal, meaning that VTPLC will…

Elon Musk has proposed the introduction of a nominal fee for new users who wish to post on the social media platform X as a strategic measure to address the persistent issue of automated bot accounts. Responding to a post by an X account that discussed updates on the platform’s…

Meta’s Threads app is frequently touted as the tech giant’s answer to rival social platforms. However, many former Twitter users who have switched to Threads voice their dissatisfaction with the app’s ability to deliver real-time news and updates. The app’s ‘for you’ feature frequently mixes older content with the latest…

Crypto exchange VALR has confirmed that it has acquired the necessary approval from the South African Financial Services Conduct Authority (FSCA) to operate within the regulatory framework. This development occurred shortly after two other entities in the digital asset space—Luno, a crypto asset service provider, and Zignaly, a platform enabling…

Meta, the conglomerate that owns prominent social media platforms including Facebook, Instagram, and WhatsApp, has launched a comprehensive campaign dedicated to combating hate speech and the spread of false information in South Africa. This initiative is in preparation for the May 2024 elections, with the goal of safeguarding the electoral…

Niger and Togo are on the verge of solidifying their partnership with an agreement designed to implement bilateral free-roaming services. The anticipated agreement is set to make electronic communication services more accessible for travelers moving between the two nations. This development aligns with a regional trend, as Togo has previously…