Latest News
Logistics company FedEx has announced plans to launch a new ecommerce venture, “fdx”, later this…
In a strategic move, British energy giant Shell is set to offload its Nigerian onshore…
In an innovative move aimed at transforming the digital landscape, Microsoft and Vodafone announced a…
Showmax, the streaming video-on-demand service under the MultiChoice umbrella, is set to redefine its offerings…
Safaricom, M-PESA Africa and Sumitomo Corporation – a leading Fortune 500 global trading and business investment…
In a bid to enhance crucial infrastructure development across Africa, the International Finance Corporation (IFC)…
FriendyM, an Egypt-based autotech company, has secured a $2 million investment to extend its car…
Zebra CropBank, an agritech start-up based in Nigeria, has obtained significant funding to further its…
Envision investing your time, energy, and passion in farming, only to watch your crops succumb…
A groundbreaking collaboration between Mastercard and Illicocash, the fintech subsidiary of Rawbank, is offering access…
Naspers Ltd., the most valuable company in Africa, is escalating its investments in its online…
Pan-African venture capital firm, Norrsken22, has recently opened up applications for its eight-week Norrsken Accelerator…
The e-mobility startup, Mbay Mobility, is set on a bold venture to electrify taxi fleets…
Dawa Mkononi, a B2B pharmaceutical firm based in Tanzania, has received funding to further its…
BUSINESS
Vela Software Group has acquired a South African provider of practice management solutions to accountancy firms, GreatSoft, for an undisclosed amount. Vela is owned by Constellation Software, a Canadian diversified software company. With six operating units, it is listed on the Toronto Stock Exchange. The deal comes after Volaris, another…
The US-based e-hailing company, inDrive, has been expanding across Africa. Recently the company obtained a license to operate in Kenya, and is now offering services in Lesotho. Yesterday inDrive announced the launch of its ride-hailing service in the country, saying this is part of the company’s continued expansion throughout Southern…
OpenAI, the AI company behind the viral AI-powered chatbot ChatGPT, has announced its first acquisition in its history, in the form of New York-based startup Global Illumination. Founded by Thomas Dimson, Taylor Gordon, and Joey Flynn, the team at Global Illumination previously designed and built products early on at Instagram and Facebook and have also made significant contributions at…
The chief technology and information officer for MTN South Africa, Michele Gamberini, has resigned from his office. The mobile network operator said Michele’s administrative tenure came to an end in late July. MTN SA can confirm the resignation of Chief Technology and Information Officer, Michele Gamberini, who has exited MTN…
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Startup
Kickstart, one of Europe’s largest innovation platforms, is welcoming applications for the fifth iteration of…
Founders Factory Africa has selected four startups that will participate in its Venture Scale programme,…
South African Marketing Platform Mobiz has raised USD 1mn in funding from Kalon Ventures Partners.…
Nigerian on-demand music streaming platform MePlaylist has secured investment from Mathew Knowles; Beyonce Knowles’ father.…
Seven successful startups have been selected by Ventures Platform and Lagos State Science and Research…
Some companies in Nigeria have closed indefinitely due to the raging coronavirus pandemic while others…