Float, a Ghanaian fintech startup that provides a cash flow management and spend platform for African businesses, has raised a US$17 million round of debt and equity seed funding to accelerate growth and the launch of new products. Float offers credit lines to small businesses, as well as solutions for managing business accounts and wallets…
Orda, a Nigerian restaurant management business, has raised a pre-seed fundraising round of US$1.1 million in order to accelerate its growth and extend throughout the continent. Orda, which launched in 2020, is a cloud-based restaurant management system provider with the goal of providing a single operating system to power African eateries. The Lagos-based firm has…
Microsoft Teams is introducing five new features aimed at lowering stress among frontline workers. Walkie Talkie app, organizing virtual appointments, Microsoft Viva, Reflexis Shifts Connector, and audio notice for misplaced device are among the new features. For the Walkie Talkie app in Microsoft Teams, Microsoft has collaborated with Zebra mobile devices, but it will also…
While the complete figures for 2021 aren’t in yet, eCommerce sales in 2020 were 32.4 percent more than the previous year. More than ever before, shoppers are expressing a desire to move their purchases online. This isn’t simply a global phenomenon; over 22 million South Africans click “add to cart” at least once a month….
We’re all aware that spending too much time on our smartphones is bad for our health, both physical and mental, which is why, in recent years, firms have begun to develop tools to help users obtain more insight into how much time they spend on their phones, apps they use, and so on. The idea…
In Check Point Research of January 12, 2022, the Threat Intelligence arm of Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has published its latest Global Threat Index for December 2021. In a month that saw the Apache Log4j vulnerability sweep the internet, researchers reported that Trickbot is still the most prevalent malware, albeit at a slightly…
Traditional media has long been the foundation of marketing and advertising campaigns. However, in a post-Covid-19 world where people have comfortably accustomed to a mobile-first, digital consumption model, the consequence of this transformation for this business is already obvious. This sector’s commercial business model has also been disrupted. Today, the digital first strategy provides companies…
An multinational team of scientists has created the most detailed 3D picture of the universe to date, with astrophysicists revealing information about the first 7.5 million galaxies out of 35 million. The breathtaking image depicts a cosmic web of galaxies stretching back billions of light-years. And this is simply the beginning of the seven-month-old project….
According to GlobalData, a prominent data and analytics organization, wearable technology will account for 46 percent of the consumer Internet of Things (IoT) market in 2022, followed by automated home (37 percent) and linked automotive (17 percent). According to GlobalData’s study, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research,’ wearable technology will earn…
The Energy Entrepreneurs Growth Fund will receive up to US$ 13 million in funding from FinDev Canada and its 2X Canada facility, according to an announcement made by FinDev Canada and its 2X Canada facility (EEGF). The Electricity Entrepreneurs Growth Fund provides catalytic capital and technical assistance to early and growth-stage entrepreneurs in Sub-Saharan Africa…
Economies of scale are critical for on-demand businesses, and one of the promising startups in the field has secured a large round to expand its operations. Bolt, a startup and app that provides on-demand ride hailing, shared vehicles and scooters, as well as restaurant and grocery delivery, has raised €628 million at an estimated valuation…
Most business owners want to invest in their company in order for it to expand. In the early days, you may see exponential growth; people are learning about your company for the first time, they’re having positive first impressions, and the novelty of your brand is still fresh enough to help it spread. This is…
For as long as I can remember, the world of fashion has been my playground. When I went to Nigeria from London six years ago, I noticed that there was no stability in the African fashion industry’s production. The facilities were subpar, the garment quality was far from ideal, and the personnel lacked both education…
Despite the world’s economic volatility, Africa’s tech entrepreneurs have pulled off another stellar year. If the year 2021 is any indication, the next 12 months will be loaded with startup successes. Here’s our list of 12 African companies to keep an eye on; enjoy the show. NORTH AFRICA Lamma Our list begins with Tunisia’s Lamma,…
The marketing communications sector has historically been sluggish to react to major technical advances, from the inception of the modern internet to the shift to mobile, social, and cloud in Web 2.0. With the introduction of Metaverse and other new blockchain concepts and solutions that are Web 3.0 compatible, companies and agencies that fail to…
Applications are now available for the Norrsken Impact Accelerator in Stockholm, Sweden, which provides assistance, mentorship, and US$125,000 in investment to selected early-stage entrepreneurs from around the world. Norrsken, founded in 2016 by Niklas Adalberth, one of the founders of Swedish finance unicorn Klarna, promises to assist entrepreneurs address the world’s toughest challenges. Its ecosystem…
According to reports, YouTube is developing a new feature that allows viewers to watch content without requiring an internet connection. When Android devices are connected to Wi-Fi, YouTube’s new Smart Downloads feature can automatically download videos. The most recent Smart Downloads function might download up to 20 recommended videos every week. For a limited time,…
Twitter Spaces, a tool that allows users to host or participate in live audio discussions on the site, will soon allow all hosts on Android and iOS to record a session, which will be made public for a short period. It is the second significant improvement in this area since the recording capability was launched…
According to the latest Cryptocurrency Adoption Index from Finder.com, cryptocurrency adoption is increasing in South Africa. In the December study, 11 percent of South African adult internet users, or an estimated 4.5 million people, claimed they owned cryptocurrencies, up from 10 percent in October – a one percentage point rise. Bitcoin remains the most popular…
Born out of a need to bridge the digital skill gap in Africa, Women in Agile (WiA) Africa is transforming the continent through adaptation and continuous improvement. Speaking at a press conference in Ikeja, Lagos on Thursday, Mercy George-Igbafe, the convener of the WiA Africa Conference 2022 and the founder of Learntor stressed that many…
Pathway Cycles, a local firm that pioneered the use of e-bikes in South Africa, aims to develop a sustainable business model for its stakeholders while also providing a greener, more affordable solution to those wishing to go around. Pathway Cycles is an eco-friendly delivery service that uses a tried-and-true, trademarked methodology that combines e-bikes, digital…
Blockchain technology is one of the most bizarre ideas now powering the digital world. As many have pointed out, technology will serve as the foundation for numerous advancements. This comprises coins, tokens, NFTs, DeFi, and, most recently, the Metaverse. Despite its significance and significant role in the future of technology, few people, particularly in Africa,…
Netflix, the world’s largest movie streaming service, has premiered Binti as Tanzania’s first Netflix feature. Black Unicorn, a production firm founded by two sisters, Angela and Alinda Ruhinda, produced the film. Binti, directed by Seko Shamte, took home the award for Best Feature at the Zanzibar International Film Festival. It’s a sweet victory that follows…
Y Combinator, a well-known Silicon Valley incubator, has raised its normal deal size to US$500,000. The Y Combinator program, which helped launch firms such as Airbnb, Coinbase, and Dropbox, among others, is increasingly choosing African digital entrepreneurs to participate in its program. Its alumni list includes names like Flutterwave, Paystack, and Kobo360 (not to mention…
On February 23-24, the fourth edition of the Africa Tech Summit will take place live in Nairobi, Kenya. A premier African tech event that provides insight and networking opportunities within the African tech industry. The Africa Tech Summit brings together technology leaders, MNOs, corporates, startups, investors, entrepreneurs, governments, trade associations, and the media. Over two…
The Federal Government of Nigeria (FGN), through Kashifu Inuwa Abdullahi, CCIE, chairman of the Technical Committee Nigeria-Twitter Engagement and director-general of the National Information Technology Development Agency (NITDA), has announced that President Muhammadu Buhari, GCFR, has approved the lifting of the suspension of Twitter operations in Nigeria, which will take effect at 12am tonight, January…
Sophos, a global pioneer in next-generation cybersecurity, today introduced the Sophos Switch Series, which includes a variety of network access layer switches for connecting, powering, and controlling device access within a Local Area Network (LAN). The new product expands Sophos’ secure access portfolio, which already includes Sophos Firewall and Sophos Wireless. “Sophos Switch seamlessly integrates…
Mozilla researchers announced the commencement of their “Facebook Pixel Hunt” investigation this week, which aims to follow the company’s massive web-wide tracking network and scrutinize the data it collects on users. This study, as the name implies, focuses on a piece of tracking technology known as the “Facebook pixel.” You’ve probably visited a site that…
If there’s one thing that the year 2021 has taught us, it’s that nothing can be taken for granted. The local fibre landscape is rapidly changing: as a result of the pandemic, changes in home and workplace behavior are driving up demand for high-quality, dependable connectivity, while recent consolidation among Fibre Network Operators (FNOs) and…
TwentyTen Daily is celebrating its first anniversary, a milestone marked by many exciting moments with its own fair share of highs and lows. Over the past one year, with its team made up of journalists, data visualization experts and media innovators. It has extensively published in-depth data driven stories and reports under a wide range…