All about Business.
SweepSouth, a new home cleaning company in South Africa, has announced its entry into Nigeria. SweepSouth is an online platform that was established in 2014 and offers home cleaning services on demand in a number of South African towns. The firm is actively expanding across the remainder of the continent after securing considerable funding, particularly…
A user-friendly and interactive App called Pocket has been unveiled by Mozilla in collaboration with the Aga Khan University with the goal of enhancing online user experience. The program, which was created for iOS and Android, enables users to browse their preferred written and visual content and even save it for later offline surfing. During…
Over the past three years, Stanbic Bank Kenya has had an impact on more than 45,000 female business owners by promoting financial inclusion and offering creative solutions that have allowed Dadas to access Kshs 6.9 billion in credit. The bank has also given grants totaling more than Ksh 40 million and credit guarantee schemes worth…
The money transfer app Kyanda, a Kenyan fintech firm that seeks to enable users to complete a variety of transactions at the lowest possible cost, has begun operating in South Africa. Collins Kathuli launched Kyanda in February 2020, giving consumers the option to pay bills, buy airtime, and send money quickly and cheaply. Since its…
The debut of StockNow, a new supply chain finance solution that connects FMCGs and financial service providers to serve Africa’s informal merchants at scale, was announced on Monday by Nomanini, a rapidly expanding fintech platform in the continent. Informal micro and small shops may now buy stock digitally thanks to StockNow, a simple-to-use app created…
In its joint venture with Scatec ASA, British International Investment, the UK’s development finance organization, is collaborating with Norfund, the Norwegian Investment Fund for Developing Countries, to raise money for Africa’s hydropower industry. With up to $200 million in funding pledged over the next years, this will be the greatest hydropower investment in BII’s 74-year…
The multinational technology company Zoho today introduced its Zoho Africa Digital Enabler package in Nigeria in order to assist small businesses in beginning their digital transformation. The business, which saw a 74 percent increase in business in Nigeria last year, also revealed plans to establish an office in Lagos and hire additional locals for positions…
The Central Bank of Egypt (CBE) has granted final approval to Egyptian fintech firm Lucky to introduce the “Lucky One” card to all of its clients. Lucky, a company founded in 2018 by Momtaz Moussa and Ayman Essawy, gives customers access to an expanding selection of simple-to-use credit products, savings, and cashback benefits that can…
For an undisclosed sum, Egypt-based fintech MNT-Halan purchased Talabeyah, a B2B e-commerce site that sells FMCG goods. By utilizing technology, a cutting-edge supply chain model, and the founders’ considerable experience in the FMCG industry, Karim Nassef, Amr Abbas, and Khaled Hussein created Talabeyah in 2020 with the goal of disrupting and digitizing the unorganized FMCG…
Lagos has welcomed the launch of Clickafix, a marketplace for hiring professionals. The tech-driven platform aims to close the gap between qualified experts and people who need services but are unsure of where to find the best service providers to handle repairs in their homes and workplaces. Nigerians living in the commercial hub of Lagos…
In an effort to provide more African businesses with funding prospects, the Nigerian investtech startup GetEquity has expanded to Kenya. GetEquity, a fundraising and venture portfolio management firm founded in 2020 by Jude Dike and William Okafor, intends to remove friction between founders and the financing they require by providing them with access to a…
Nairobi, Kenya – June 22, 2022 – Proven Consult, a leading automation technology firm, has partnered with a prominent insurance company headquartered in Nairobi, and operating in Kenya, Uganda, and Tanzania. The partnership aims to accelerate digital transformation in the insurance industry in Africa through the implementation of Proven Consult’s latest technologies and marks the…
According to its co-founder, Eche Emole, Afropolitan, a firm that aims to create a digital nation for Africans, has raised $2.1 million in pre-seed funding. Afropolitan was founded in 2016 by Eche Emole and Chika Uwazie as a platform for the African diaspora to organize parties, events, and festivals. It gained a name for itself…
Autochek, a Nigerian auto-tech firm, has collaborated with Pezesha, a Kenyan fintech, to provide asset financing to SMEs in Kenya. Autochek’s goal is to create digital solutions that will improve and enable a seamless and secure automobile commerce experience across Africa, beginning with Nigeria and Ghana. It intends to employ technology to improve African consumers’…
Tanmeyah for Microfinance Services, an EFG Hermes Holding subsidiary based in Egypt, has purchased Fatura, a B2B e-commerce marketplace and digital financing services provider, for an unknown sum. Hossam Ali, Ahmed Anwar, and Abdullah Mohebeldin founded the platform in 2019 to bring retailers, producers, and wholesalers together in one place. Fatura provides a variety of…
5G Mokki, an African technology space network and Cameroonian incubator, has revealed how it plans to use its Tech Spaces to connect Africa and Europe, fostering technology learning and adoption, remote work, and entrepreneurship. Experts from the United States, Africa, and Europe discussed the business opportunities that the latest communications and network technology, remote learning,…
According to news initially reported by Business Insider, Amazon, a global e-commerce technology company, plans to expand to African countries such as South Africa and Nigeria in 2023. According to leaked documents obtained by Business Insider, Belgium, Chile, and Colombia are among the five markets that the major e-commerce corporation plans to enter next year….
Vework, an Egypt-based petcare platform that connects pet parents with pet care service providers in a timely and convenient manner at home, has raised a bridge round with several Saudi Arabian investors and Alexandria Angel Network members, as well as receiving financial support from Nestlé Purina and conducting a POC (proof of concept) together. The…
In the world’s population today, Africa holds the ranking of the second largest and second most populous continent, with nearly 1.4 billion people living in it and accounts for a good 18% of the world’s human population. Where others would fix their eyes on the outrageous figures, the fintech industry could focus on the horn…
ADVA, an Egypt-based fintech, has raised an undisclosed “six-digit figure” Seed round from Sawari Ventures in order to extend its product offering and financial services breadth. ADVA is a consumer finance platform founded by Rania Gaafar in 2020 that allows clients to pay for a variety of services and products in installments. “ADVA is unusual…
Uber and other ride-hailing services are revolutionizing the way we get around. With only a few taps on a smartphone, you can be on your way in no time, satisfying the modern consumer’s desire for on-demand, accessible, and convenient services. According to recent research by Genesis Analytics and the Financial Sector Conduct Authority (FSCA), data…
MFS Africa has agreed to buy Global Technology Partners for $34 million in cash (GTP). GTP is Africa’s top prepaid card processor, with UBA, Ecobank, BIA, Stanbic, Coris, NSIA, and Zenith Bank among the over 80 banks that use their platform. GTP’s client base is spread over 34 countries, and the company is fully integrated…
Chari, a Moroccan B2B e-commerce and finance firm, said today that it has purchased a 100% share in Diago, an Ivorian app that connects local stores with FMCG makers and importers. AF Legal and RBB International firms, representing Chari, and Houda Law Firm, representing the Ivorian startup, handled the all-stock transaction. This transaction comes just…
Centum Investment Company Plc has agreed to sell its entire equity stake in Sidian Bank Limited (‘Sidian’) to Access Bank Plc for KES4.3 billion. Centum owns 83.4 percent of Sidian’s issued shares, both directly and indirectly through Bakki Holdco Limited, its wholly-owned subsidiary. Sidian is planned to be merged with Access Bank’s Kenyan unit in…
The Kenya Development Corporation (KDC) has teamed up with the Kenya Association of Manufacturers (KAM) to help the manufacturing sector’s small and medium-sized businesses recover. KDC revealed that it has initiated a plan to engage SMEs countrywide to sensitize them on KDC’s products and services in order to understand their financial needs during the engagement,…
Vantage Health Technologies and the Institute of Human Virology Nigeria (IHVN) have joined to build an AI-enabled Patient Retention Solution, which has resulted in a breakthrough and renewed hope for patient retention in the region. Sub-Saharan Africa is home to 25 million – or 67 percent – of all HIV-positive people, with 8.1 million of…
Appetito, an on-demand grocery retail company based in Cairo that delivers food to customers from a small network of dark stores, announced the acquisition of Lamma, a similar company based in Rabat and the Greater Tunis area of Morocco and Tunisia, on Tuesday. The purchase is slated to finalize in the third quarter of 2022,…
Maisha Meds, a Kenyan-based digital pharmacy network that offers pharmacies, drug stores, and clinics business management software and reimbursement programs, as well as patient support through its point-of-sale pharmacy app, has reached 1,000 active locations, making it one of the largest digital pharmacy networks in Sub-Saharan Africa. Maisha Meds, which has operations in Kenya, Uganda,…
Finclusion Group, a sub-Saharan African fintech platform, has received an undisclosed investment from the Cairo Angels Syndicate Fund (CASF). CASF’s fourth overall investment and third on the African continent will be made with this investment. CASF is a micro venture capital fund that invests $100,000–$250,000 in post-seed and pre-series A firms in the Middle East…
Grey, a Nigerian finance firm, has announced a partnership with Cellulant to expand its service to East Africa, starting with Kenya. Grey’s offerings, which include overseas bank accounts, rapid currency conversion, and international money transfers, are now available to Kenyans. In conjunction with Cellulant, Grey has expanded its services into East Africa, beginning with Kenya,…