Pando DAO, Africa’s first decentralized autonomous organization for tech innovators, has begun operations and has been named the Silicon Zanzibar initiative’s official community partner. Top African internet entrepreneurs have formed the decentralized Pando DAO community, which has operations in over 15 different African nations. Its goal is to strengthen ties among members of the African…
To hasten the adoption of SD-WAN in Africa, CMC Networks has introduced IP Premier, a high-performance dedicated internet access (DIA) service. Along with the usual availability, IP Premier also offers tight service level agreements (SLAs) for jitter, packet loss, and round-trip delay (RTD). In some of the world’s most difficult markets, it offers a reliable…
AfyA Care’s Series A capital round will include a $6 million investment by CardinalStone Capital Advisers (CCA), a manager of a West African private equity fund. In Nigeria, a healthcare organization called AfyA Treatment offers integrated healthcare services such as hospital care, health insurance, and health technology services. The investment exemplifies CCA’s goal of supporting…
Trending topics in the African technology and telecommunications space include the rollout of 5G, the dire need for telecommunications infrastructure and access to broadband spectrum, the steady rise of the fintech sector despite global economic turbulence, the development of cybersecurity and privacy laws across the continent and the rising number of disputes that are driven…
Online business may have its benefits, but there is also a greater chance of hoaxes and cyber threats. The credibility of your business could be negatively affected by a successful cyber-attack. Therefore, safeguarding your business against cyber-attack is a crucial concern. That if not prevented may require a reestablishment of the business. In the extreme scenarios, it may…
In an effort to reduce costs after his $44 billion acquisition, Elon Musk plans to cut nearly 3,700 workers at Twitter, or half of the social media company’s employment, according to sources with knowledge of the situation. According to the people, who asked for anonymity to discuss private arrangements, Twitter’s new owner intends to inform…
A $30 million fund has been closed by Satgana, a European venture capital (VC) company with its headquarters in Luxembourg, to support entrepreneurs that address climate change issues in Africa. The fund will accomplish this by investing up to €500K in entrepreneurs in Europe and Africa throughout their pre-seed and seed stages. Along with providing…
Some of the biggest obstacles facing startup founders in sub-Saharan Africa are access to finance and a lack of support structures. And although though the continent’s venture capital and founder support programs are expanding, much work still has to be done to satisfy the financial, technological, and social capital needs of underserved groups, particularly women…
Elon Musk, a billionaire and the new president of Twitter, has announced a reduction in the monthly charge for Twitter verification from $20 to $8. On Tuesday, Musk revealed this in a string of tweets. The billionaire promoted the advantages of having a paid verified handle, including priority in answers, mentions, and search, which he…
Dr. Obadare Peter Adewale, the Co-Founder and the Chief Visionary officer (CVO) of Digital Encode Limited, has emerged the first recipient of Cyber Security Experts Association of Nigeria (CSEAN’s) ‘Outstanding Individual of the Year Award’. Peter is arguably the most “Credentialed” PAN-African CyberSecurity Influencer, Thought Leader & GRC Technopreneur. He received the latest honours at CSEAN Merit Award held recently…
The first office of Amazon Web Services, Inc. (AWS), a division of Amazon.com, Inc., has officially opened in Lagos, Nigeria. The opening of the new office in Lagos is part of AWS’s effort to serve the country’s expanding customer and partner base. The office will provide assistance to businesses of all sizes, including small businesses,…
The KuCoin Wallet, designed to be a secure and easy to use crypto wallet that supports multi-chain aggregation powered by the KuCoin ecosystem, has officially launched a Chrome Extension with comprehensively improved security technology and architecture, ensuring the security of user assets across multiple dimensions and safeguarding the Web3 experience. As the crypto industry continues to…
Organisations around the world are on high alert for rapid and effective ways to boost their sustainability through cutting their carbon emissions – but are they missing the obvious? Notoriously energy hungry data centres are an issue that every enterprise can tackle. Using edge computing to move the processing of data closer to where it’s…
Uber, Bolt, Little Cab, and Yego Mobility are the only transport network companies with licenses to operate in Kenya after fully meeting all licensing standards, according to the National Transport and Safety Authority. The four businesses have been given permission to function as transport network firms in Kenya, according to a statement from Director General…
The Ecobank Fintech Challenge 2022 winner has been named, according to the Ecobank Group, and is a Nigerian fintech company called Touch and Pay. The announcement was made at the Grand Finale, which was hosted at the Ecobank headquarters in Lomé and presided over by H.E. Cina Lawson, the Republic of Togo’s Minister of Digital…
AVEVA, a global leader in industrial software, driving digital transformation and sustainability, will highlight how digital technologies can support public-private partnerships and unlock innovation to close the implementation gap on climate change at COP27. The United Nations Climate Change Conference 2022 is being held on November 6-18 in Sharm El Sheikh, Egypt. A sponsor of the…
Stakeholders will gather in Lagos, Nigeria, on 09 November 2022 for another edition of Africa Tech Alliance Forum (AfriTECH 2.0) sponsored by Zoho Corporation, Digital Encode, Galaxy Backbone Limited, ESET, Layer3Cloud; including partners drawn from the Nigerian Communications Commission (NCC), National Information Technology Development Agency (NITDA), Nigeria Computer Society (NCS), and InnovationBed.Africa. Taking place both virtually and (physically)…
The Catalyst Jobtech Accelerator and the Jobtech Innovation Lab are two new initiatives from the Jobtech Alliance, an ecosystem-building initiative around inclusive jobtech in Africa led by Mercy Corps and BFA Global. These initiatives are intended to support digital platforms that link people to employment opportunities that help them build livelihoods. The Jobtech Alliance, a…
Classera, an international edtech business that specializes on emerging markets, has secured $40 million in a Series A round, making it the most in EdTech history for a startup. The fundraising round is also the biggest one ever in edtech, MENA, and much of Africa. Sanabil Investments, a fully owned subsidiary of the Public Investment…
MoneyFellows is a smartphone platform that digitalizes money circles, also known as Rotating Savings and Credit Associations (ROSCAs), which are also popularly referred to as “Gameya” in Egypt and other Arab nations. Through the platform, users may efficiently plan and manage their financial responsibilities and reach their financial goals. MoneyFellows provides a safe and practical…
Leading Adtech platform Eskimi will be hosting a virtual conversation themed “Metaverse: Revolutionising advertising in a fast changing digital world” on Friday, 4th November 2022. The webinar will be led by top thought leaders in respective fields who will enlighten the public on the intricacies of the Metaverse and advertising as interests in exploring options…
The President and Chairman of the Board of Directors of African Export Import Bank (AfreximBank) Professor Benedict O. Oramah; High Commissioner of Namibia to Nigeria, H.E Humphrey Geiseb; Ambassador of Cote D’Ivoire to Nigeria and ECOWAS, H.E Ambassador Kalilou TRAORE; Dr Tony Luka Elumelu, Ag. Director of Private Sector Development at the ECOWAS Commission, Nigeria as well as…
SHELT has announced the opening of its very own SOC in Nigeria, where it will serve as a local extension to its overseas and already established 24/7 SOC operation. This launch comes amidst the growing need of SHELT’s Nigeria branch to step into serving the local clientele through a team that is locally present and…
The charity arm of cryptocurrency and blockchain infrastructure provider Binance, Binance Charity, has teamed with Utiva, an organization that provides technical education for young people in Africa. Through the new cooperation, 50,000 young people will receive technology education, and 1,000 Africans will receive scholarships for a one-year intensive skill training program. This educational program will…
Real estate co-ownership startup Seqoon, located in Egypt, raised $500,000 in a pre-seed round through Banque Misr’s pilot program to promote cutting-edge entrepreneurs in Egypt. Several eminent angel investors also took part in the round. Omar Eldessouky and Mohamed Elkhatieb founded Seqoon in 2022, which enables consumers to co-own parts of a vacation property. The…
Nigeria launching the Startup Bill is the latest buzz that has brought excitement to many including startup founders, employees and graduates. On October 19, 2022, President Muhammadu Buhari of Nigeria officially signed the Startup Bill into law, creating the Startup Act 2022. The Nigeria Startup Bill (NSB) project is a collaboration between the Nigerian tech sector and the Presidency…
With a focus on the unbanked, the Egyptian fintech firm Kiwe has received funding from valU, an EFG Hermes Holding subsidiary that offers a buy now pay later (BNPL) service and has operations in both Egypt and Saudi Arabia. Kiwe is a social payment app. Kiwe, a peer-to-peer money exchange app, was created in March…
Six African fintech businesses have been chosen as finalists in this year’s Ecobank Fintech Challenge in order to compete for the top prize of US$50,000 and admission into the Ecobank Fintech Challenge Fellowship program. The Fintech Challenge has offered entrepreneurs at various stages of development the option to work with Ecobank for the sixth consecutive…
Early-stage businesses operating in francophone African nations are eligible to apply for equity capital from Fuzé, a Digital Africa investment facility, up to EUR50,000 (US$48,000). President Emmanuel Macron introduced the Digital Africa initiative in 2018, a French government-backed organization that supports African tech entrepreneurs. Businesses can receive EUR20,000 (US$19,000) in capital through Fuzé, which is…
The introduction of affiliate Madica, a structured investment program for pre-seed stage technology startups in Africa, has been announced by Flourish Ventures, a global venture capital firm investing in entrepreneurs building mission-driven fintech businesses. With more than $500 million under management, Flourish Ventures supports entrepreneurs whose inventions improve the financial security and prosperity of individuals…