Latest News
In a bid to strengthen global partnerships, the Africa Finance Corporation (AFC) has closed a…
Andela and the Cloud Native Computing Foundation (CNCF) have unveiled a groundbreaking partnership to train…
MultiChoice is set to finalize the sale of a 60% stake in its insurance business,…
Telecommunications company Telkom has reported a 1.9% increase in revenue, reaching R21.3 billion, with notable…
Ten promising startups have been selected to compete in the African final of the Latitude59…
Egyptian supply chain technology startup Qara has successfully raised $2.6 million in a funding round…
Orange Egypt is making significant strides in Africa’s startup landscape with a substantial investment of…
In July 2023, the world was seemingly split in half with the launch of Meta’s…
During the quarter ending September 30, MTN Group made significant strides in its localisation initiatives.…
MTN Nigeria has announced the appointment of Yahaya Ibrahim as its new Chief Technical Officer…
Kenya has taken a significant step forward in building a responsible and inclusive artificial intelligence…
Incofin, through its Water Access Acceleration Fund (W2AF), has announced a significant $3 million investment…
WaterEquity, a global asset manager dedicated to advancing water and sanitation solutions through private investment,…
Lagos State has set a new benchmark for youth-driven agricultural innovation by awarding N100 million…
BUSINESS
Jumia ($JMIA) has successfully completed its secondary offering of 20 million ordinary shares, achieving its capital-raising goal just a few days after the initial announcement. TechCabal has reviewed a securities filing which reports that the total proceeds from this offering reached $99.6 million. The data implies an average selling price…
Just a week after Mobius Motors, the Kenyan automaker with financial backing from Playfair Capital, announced its closure, the company has received a lifeline in the form of an acquisition proposal from an as-yet-unnamed buyer. Nicolas Guibert, a director at Mobius, issued a statement indicating that on August 14, the…
The South African Competition Commission has conditionally sanctioned the acquisition of Octotel, a local fibre network operator, by a consortium led by African Infrastructure Investment Managers (AIIM). The consortium also includes STOA, a French infrastructure and energy investor, and Thebe Investment Corporation, a South African investment firm. This approval is…
Canal+ is on the verge of significantly increasing its ownership in the Mauritian digital pay-TV provider MC Vision, with plans to boost its share from the current 37% to a commanding 75%, subject to the green light from regulatory bodies. This strategic move would elevate Canal+ to the status of…
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Startup
In defiance of the global investment downturn in 2022, venture capital (VC) investments in African…
Let’s delve into a pertinent inquiry – why do Zimbabwean startups find it difficult to…
Nigerian agri-tech startup, ThriveAgric, has launched its dry season farming cycle by delivering agricultural inputs…
E-hailing company Bolt has introduced a new cancellation feature within its app to discourage users…
The Nigerian edtech startup AltSchool Africa, known for its likeness to the US coding bootcamp…
Since 2016, Shamba Pride has been focusing on improving last-mile distribution for agricultural inputs and…
people
Though Patrick Makokoro came from very humble beginnings, he was inspired to make the lives…
Twitter ruled on Sunday that the company reviewed the tweet, which features a WWE video…
The company recently announced that Pandora CEO Tim Westergren has stepped down effective immediately. Westergren…
The highly anticipated women empowerment show, Against The Odds with Peace Hyde is set to…
Marissa Mayer’s time as Yahoo’s CEO is officially over, following Verizon’s announcement that it has…
Facebook still finds itself in the hot seat over the spread of fake news on…