Latest News
Vodacom South Africa has announced the commencement of an operational review and cost-cutting process that…
In the late 19th century, rubber was the lifeblood of a rapidly industrialising world. With…
Meta’s Threads app has achieved a significant milestone, now boasting 300 million users, with more…
Threads, the popular social media app, is set to introduce a significant new feature before…
Honda and Nissan, two of Japan’s leading automakers, are reportedly in discussions about a potential…
Apple has ceased development of its anticipated iPhone hardware subscription service, which aimed to transform…
The National Bureau of Statistics (NBS) of Nigeria has reported that its official website has…
BuuPass, a leading startup in the travel industry, has achieved remarkable milestones, having sold over…
South African fintech and alternative funding provider, Sourcefin, has successfully secured ZAR150 million (approximately US$8.2…
Bamboo, a Nigerian investment app that enables Africans to trade U.S. stocks, has achieved a…
MTN, Africa’s second-largest mobile network operator, is set to broaden its service offerings in South…
Kenyan fintech startup Leja has achieved a significant milestone by processing US$2 billion in B2B…
The Aswan Bootcamp Series, a groundbreaking initiative aimed at empowering entrepreneurs in Upper Egypt and…
MNT-Halan, Egypt’s premier fintech company and the nation’s first unicorn, has officially entered the United…
BUSINESS
Autochek Kenya, an innovative auto-tech startup, has joined forces with the insurtech company Turaco to revolutionize the way car insurance is offered to Kenyan motorists. This collaboration is set to provide Autochek’s clientele with a comprehensive motor insurance package that is not only extensive in coverage but also uniquely flexible…
The prominent accounting software company Xero has announced its intention to acquire Syft, a South African cloud-based reporting and analytics platform, for $70 million. This acquisition is expected to be finalized between October and December 2024, subject to the necessary regulatory approvals. Syft, established in Johannesburg in 2016 by entrepreneurs…
FoodCourt, a food delivery service supported by Y Combinator, has recently undergone a significant restructuring of its cooking operations, resulting in the redundancy of nearly 100 employees in May 2024. The three-year-old company, which operates dark kitchens and follows a delivery-only business model, attributed the operational overhaul to customer feedback.…
Kopo Kopo, a prominent fintech firm in Kenya known for providing short-term loans to businesses, has announced the appointment of Dennis Ondeng as its new Chief Executive Officer (CEO). This strategic leadership transition takes place over a year after the Kenyan competition authority greenlit the startup’s acquisition by Moniepoint Inc.,…
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Startup
The Nigeria Startup Act (NSA), signed into law in 2022, is starting to make its…
The second cohort for the prestigious Injini Mastercard Foundation EdTech Fellowship, focused on South African…
The Agribusiness Challenge Fund, established by the Mastercard Foundation Fund for Resilience and Prosperity, is…
Pula, an innovative insurance technology firm based in Kenya, has recently garnered a substantial $20…
ALX Ventures, the entrepreneurial facilitation division of ALX, has recently extended its reach to South…
OceanHub Africa, recognized as the foremost facilitator of ocean-impact entrepreneurship in Africa, has publicized the…
people
Zoaib Hoosen has resigned as MD of Microsoft’s South African subsidiary and will be replaced by…
Andre Iguodala, a member of the three-time reigning NBA champion Golden State Warriors, has joined…
Meng Wanzhou, Huawei’s Chief Financial Officer has filed a lawsuit against Canadian border and police authorities…
According to Bloomberg in its Bloomberg Billionaires Index, Nigerian Aliko Dangote is the 65th richest…
Oye Akideinde, former Regional Director for Boomplay Music in West Africa has been appointed as…
The battle between Please Call me inventor Nkosana Kenneth Makate and his former employer Vodacom…
Cryptocurrency
Users and investors of bitcoin will now be able to spend their bitcoins using the…
DECENT, the international blockchain company behind the DCore technology, released the official DECENT Wallet for iOS devices…
In an effort to promote the widespread adoption of crypto, a team of developers have created…
Sequel to securing US$1.5 million in a funding round fostered by US-based Bittrex, South African…
JP Morgan, the largest bank in America and sixth largest in the world, is launching…
The contribution of the financial-technology industry to sub-Saharan Africa’s economic output will increase by at least $40 billion to $150 billion by 2022, according to Financial Sector Deepening Africa, a development-finance organization.