Sumet Technologies, a Tanzanian company specializing in fast-moving consumer goods (FMCG) distribution, has secured $1.5 million in pre-seed funding to expand its operations and drive innovation in the African market. This funding marks a significant milestone for the startup, which…
Telkom, South Africa’s biggest telecommunications company, is seeing an increase in earnings because of the sale of its masts and towers business, Swiftnet. The company said on Friday its basic earnings per share was expected to increase by over 300%…
Discovery Bank has recently launched a new innovative security measure and it’s called the Discovery Bank Secret Panic Code Feature. This innovation, which can be used to discreetly alert the bank and police of a customer’s location in a risky…
AltSchool, a Nigerian-based edtech startup, has announced its plan to offer artificial intelligence (AI) education in various African languages, including languages such as Hausa, Igbo and Yoruba, under the slogan AI for 10M Africans. The program, which will begin on…
The Nigerian Senate is calling for a review of the recent 50% increase in telecom tariffs, due to rising cost of data and its impact on millions of Nigerians. The move came as complaints poured in about the financial pressure…
MTN Group and Airtel Africa, two of Africa’s leading telecommunications companies, have partner together to share network infrastructure in Uganda and Nigeria. The two companies have agreed to share equipment used for mobile network services, enhance coverage, reduce cost and…
Payhippo – a lender of small business loans – has officially changed its name to Rivy, and has received US$4 million in pre-Series A funding, to help it focus on financing renewable energy solutions in Africa. The funding round was…
Microsoft has unveiled new AI research tools for its Copilot suite that it says will help save you time at work. The second addition to Microsoft’s new Copilot suite of productivity tools is Researcher, which leverages artificial intelligence (AI) algorithms…
Orange Corners Innovation Fund (OCIF) is providing an exciting project for young South African entrepreneurs that aims to help them grow their businesses. Through the OCIF GROW program, the initiative will be helping South African youth innovators between the ages…
Kenyan aspiring entrepreneurs: We’ve got good news. The second Safaricom and M-Pesa Spark Accelerator application process will open next week, a golden opportunity for early-stage startups to accelerate their growth and engage with the bigger world. Now in its second…
