Grindstone, a South African accelerator, and Enterprise Singapore (EnterpriseSG) have announced a pilot program that would allow Singaporean tech start-ups to enter the South African market. The program will be administered by the Global Innovation Alliance (GIA), a network of Singapore and foreign partners in significant innovation hubs in 15 cities worldwide, according to a…
For the first time outside of Latin America, EBANX, a worldwide fintech company, intends to expand its payment gateway solution and business operations to Africa. The 10-year-old unicorn, which operates in 15 Latin American nations and has processed over $1 billion in payments, wants to concentrate initially on mobile money in Africa. The CEO and…
What does pitching in business entail? In business, pitching means presenting company concepts to another person. As an illustration, you might introduce your fledgling company to possible investors or your items to prospective clients. To get buy-in, a business pitch must clearly explain your strategy or objectives to the audience. Your goods and business are the subject…
Kenya, often referred to as Africa’s “Silicon Savannah,” is among the countries at the forefront of technological innovations in the region. The government has invested heavily in the information, communication, and technology (ICT) sector, recognising it as a key contributor to the country’s GDP. Despite these seemingly positive strides, we still live in a world…
Today, purpose-driven brands outperform those that are not. People want to feel that a brand has invested in them, its employees, the community in which it operates, or the environment. According to the findings of the 2021 Edelman Trust Barometer, 68% of consumers believe they have the power to force corporations to change, and 86%…
Leading fintech companies, investors, crypto platforms, initiatives, and stakeholders in digital finance will unite at the Africa Money & DeFi Summit – West Africa edition on September 27–28, 2022 at the Movenpick Hotel in Accra, as the birth of decentralized finance (DeFi) grows across Africa. 400+ attendees, 150+ companies, 50+ speakers, panel discussions, keynote addresses,…
According to an announcement from Sanari Capital, the Sanari 3S Growth Fund’s first close totaled $28 million (Sanari 3SG). Investments in South African businesses that are expanding quickly and have the potential to do so throughout Africa and the rest of the world are preferred by the private equity industry. Sanari 3SG will invest in…
The Janngo Funding Startup Fund (JCSF) announced its first closing on the eve of the 77th session of the UN General Assembly with capital commitments totaling EUR34 million (about US$36 million) (UNGA). In order to accelerate development and accomplish the SDGs in Africa, the fund management organization plans to invest about US$63 million (nearly EUR60…
A US$500,000 pre-seed funding round was disclosed by Nigerian real estate data analytics platform Estate Intel, which has now expanded into a number of other African nations. Estate Intel was founded last year. Estate Intel, which began as a real estate blog in 2016 with a focus on highlighting significant building projects in Nigeria, has…
The 10 firms selected for its initial cohort by Orbit Startups, a new initiative from US venture capital firm SOSV, include two from Nigeria. Orbit combines the already-existing SOSV programs Chinaccelerator and MOX and reflects their recent geographic expansion into Southeast and South Asia, the Middle East, Africa, and Latin America. GetFundedAfrica, a platform that…
A global internet payment gateway has been introduced by Ethiopian fintech firm Chapa, allowing companies to take payments from customers all around the world. With the help of Chapa, organizations and companies can take any local or foreign digital payment method from anyone, anywhere in the globe. Any current digital platform can incorporate its payment…
Auto24 is a direct-to-consumer used automobile firm that introduces new, creative technologies to ensure transactions are carried out in a transparent and secure manner. Auto24 is an African used vehicle startup, Africar Group, and Stellantis announce the opening of Auto24 activities in Abidjan, Ivory Coast. By 2030, there will be 1.7 billion people living in…
Africa Data Centres, part of the Cassava Technologies group and one of the continent’s largest networks of interconnected, carrier- and cloud-neutral data center facilities, has taken a significant step forward in its widescale expansion into Africa by partnering with Nigeria’s primary internet exchange point: IXPN. “IXPN is without a doubt Nigeria’s leading internet exchange point,…
“5 Quarters,” a Cairo-based medical startup, has raised Seed funding from a Saudi angel investor to fuel its Saudi expansion plans and add new services for medical professionals. 5 Quarters, founded in 2016 by Mohamed Salah and Noha Emad, began as a medical and dental courses startup and has been in the medical education market…
Carbon Finance, one of the leading players in the nation’s Fintech industry, has kicked off celebrations to mark its 10th anniversary with a promise to transform the banking experience, making banking more accessible and flexible for consumers. Originally set up as a lending company, Carbon has established itself as one of the continent’s leading and…
Uber Kenya has petitioned Kenya’s Supreme Court to overturn new digital taxi-hailing regulations that limit commission fees to 18%, down from 25%. According to Uber, the cap would reduce the company’s earnings and prevent it from investing further in Kenya. The rule is expected to go into effect in the coming weeks. The regulations have…
Huawei Digital Power has launched a talent development program with the goal of upskilling 1,000 practitioners and tertiary students in the digital power space. The program is being launched in seven countries, including Kenya, Uganda, Tanzania, and Ethiopia, as the demand for technical staff in renewable energy continues to rise year after year. The program,…
Google will release new technology next month in time for holiday preorders. Mark October 6th on your calendars because Google will unveil new phones, devices, and even their first wristwatch at the Made By Google event in New York. Even if the event is only open to press members in person, you can still watch…
The Africa Money & DeFi Summit, an African fintech, decentralized finance, mobile money, and crypto event, has announced the final shortlist of exciting ventures that will pitch live on stage in West Africa to over 400 fintech and crypto leaders on September 27th and 28th in Accra. Pitch Live West Africa has received over 200…
Africa has the world’s third fastest-growing cryptocurrency market, with adoption increasing by more than 1,200% in the last two years. Countries such as Nigeria, Kenya, and South Africa are largely to blame for skyrocketing adoption rates as citizens seek to protect themselves from currency depreciation and build wealth. Despite African governments’ mixed feelings about cryptocurrencies,…
British International Investment (BII), formerly known as CDC Group, the UK government’s development finance institution (DFI), has announced a plan to invest US$100 million in Egyptian startups over the course of its current strategy period. BII announced its future plans for Egypt at a business reception launching its new name, and reaffirmed its commitment to…
PEG Africa, based in Ghana, is one of the largest providers of distributed energy in West Africa, and its acquisition by Bboxx solidifies the latter’s position as Africa’s leading super platform for essential products and services. PEG is a solar energy leader in West Africa, with operations in four countries, close to 100 service centers,…
Only 33% of persons worldwide are financially literate, indicating a poor level of financial literacy worldwide. The percentage of adults who are financially literate in African nations ranges between 26% (Nigeria) and 42%, according to Standard & Poor’s Global Financial Literacy Survey (South Africa). Comparing the percentage to that of Europe, where it is between…
In order to accelerate its expansion goals, the South African e-health firm BusyMed has secured more money. BusyMed is enhancing communities all throughout the country’s access to pharmacies. Established in 2018, BusyMed gives consumers access to hundreds of items provided by nearby small pharmacies, including prescription drugs, which may then be delivered in 60 minutes…
? What is Outsourcing in Business? ? Types of Outsourcing ? Areas of Workforce Outsourcing ? Is Workforce Outsourcing ideal? What is Outsourcing in Business? Since 1989, businesses have used the outsourcing of labor to reduce costs that would otherwise be incurred, regardless of the efficiency of the business outsourcing is transferring responsibilities that should have been handled by in-house workforce…
08.09.2022 – Sophos, a global leader in next-generation cybersecurity, today published a new sectoral survey report, The State of Ransomware in Retail 2022, which found that retail had the second highest rate of ransomware attacks last year of all sectors surveyed after the media, leisure, and entertainment industry. Globally, 77% of retail organizations surveyed were hit—a 75% increase…
According to a Google for Firms Black Founders Fund (BFF) for Africa announcement, 60 qualified black-founded startups from across Africa have been chosen for the second cohort. To enable them to expand their current work, the startups that join the program will receive a total of $4 million in investment and support. Every one of…
With a $30 million fully diluted valuation, the gaming DAO Metaverse Magna (MVM) from Nigeria raised $3.2 million in a seed sale token offering. MVM produces developer tools for Web3 gaming and distributes mobile games in developing African markets. The investors included Wemade, a South Korean video game producer, HashKey, Tess Ventures, LD Capital, Taureon,…
Nigeria and the Binance cryptocurrency exchange are working together to create a special economic zone that would be supported by the crypto industry. According to a recent CoinGecko survey, Nigeria was found to be the country with the highest level of crypto curiosity, which may have piqued Binance’s interest in the possibility of growing the…
For many Nigerians, the emergence of the COVID-19 pandemic has exposed the importance of the Internet and digital technologies as a critical part of daily living hence, the necessity to deliberate on the theme “Advancing Digital Transformation and Trust in Nigeria” as a community of Nigeria Internet Stakeholders. As digital transformation evolves, the focus from both the…