Virtual Pay, a global payment and technology service provider, has announced the formal establishment of its headquarters in Mauritius. This move marks a significant milestone in Virtual Pay’s commitment to enhancing its global presence and [c]
Safaricom has increased its 5G coverage to select towns across 35 counties as it continues to empower its customers in 5G areas to enjoy superfast internet on the move, and for their homes and businesses. [c]
Founders Factory Africa has secured an additional $114 million in funding to scale its model to better serve founders across the African tech ecosystem. The additional support from the Mastercard Foundation and Johnson & Johnson [c]
Goodwell Investments, an impact investing firm fostering inclusive growth in emerging markets, has announced its new investment in SOUK Farms, a major grower and exporter of fresh horticultural produce from Rwanda. Goodwell provided funding through [c]
Huawei has upgraded the internet on its DigiTruck to 5G as it seeks to increase the internet speeds and numbers of youth who can benefit from training on digital skills, aiming to reach at least [c]
MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round, today, led by Ventures Platform. The round included participation from Founders Factory Africa and TechStars, who are making a [c]
The global foldable smartphone market increased by 64% YoY in the first quarter of 2023, based on sell-in volume, to reach 2.5 million units, according to the counterpoint research foldable tracker and foldable insight report. This is quite [c]
Moove, the mobility fintech, has secured $8 million in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date from the bank to $28 million. This follows Moove’s $20 million financing facility [c]
By Patrick Ndegwa Kenya’s manufacturing sector has been a notable driver of the country’s economic growth, contributing to development and employment. The sector’s growth has been primarily driven by agro-processing, textile and apparel, and chemical [c]
With a bold ambition to achieve 80% broadband penetration by 2025, the government with support from the World Bank has embarked on a project dubbed Digital Tanzania in partnership with mobile network operators that will [c]
M-KOPA, a Kenya-based fintech platform, has announced that it successfully closed over $250 million in new debt and equity funding to expand its financial services offering to underbanked consumers across sub-Saharan Africa. This marks one [c]
Curacel has processed more than $100 million worth of claims, working with more than 20 insurers and more than 5,000 service providers in 8 countries across the continent. In 2022, Curacel grew its transaction volume by 600% and increased its revenue by 500%. Starting with Egypt and Morocco, the new funding will enable the company to roll out its services in North Africa and deepen its presence in other parts of the continent. [c]
During the US-Africa Business Forum, Visa announced a pledge to invest $1 billion in Africa over the next five years to advance resilient, innovative, and inclusive economies across the continent. Visa’s expanded investments demonstrate the [c]
Ramani, the Africa-based software company building a cloud network of micro-distribution centres for the continent’s $1 trillion consumer-packaged goods supply chain, has announced the close of its $32million series A round of equity and debt. [c]
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing it has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch [c]
International calling app Talk360, which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has secured $4 million (R64 million) in funding as it prepares to [c]
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