Benjamindada

Benjamindada

@Benjamindada

Independent media publication delivering impressive reporting about tech, startups and entrepreneurship in Nigeria and sub-Saharan Africa.

Joined March 2023

https://www.benjamindada.com/

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Benjamindada
Benjamindada
Feb 28, 2024
๐Ÿšจ Binance Nigeria Processes $26 Billion in 2023: CBN Governor Reveals Regulatory Concerns ๐Ÿ’ฐ ๐Ÿ‡ณ๐Ÿ‡ฌ
๐Ÿ’ก Dive into the financial turbulence in Nigeria as Binance, the crypto giant, faces regulatory heat! The Central Bank Governor reveals startling figures of $26 billion processed by Binance Nigeria in 2023, prompting a crackdown on crypto activities. Explore the unfolding dynamics, regulatory actions, and the heightened interest rate strategies in Nigeria's financial landscape.
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Benjamindada
Benjamindada
Feb 27, 2024
MoneyHash Secures $4.5M to Revolutionize Digital Payments in Africa & Middle East ๐Ÿ’ฐ๐Ÿš€ ๐Ÿ‡ช๐Ÿ‡ฌ
Discover how Egyptian fintech powerhouse MoneyHash, armed with $4.5 million in seed funding, aims to transform digital payments in the Middle East and Africa. Despite the surge in digital payment adoption, MoneyHash addresses the region's challenges, boasting a strategic platform to empower merchants and enhance the checkout experience.
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Benjamindada
Benjamindada
Feb 26, 2024
AFCON 2023 Sparks a Content Creation Boom: African Creators Enjoy 300% Revenue Surge ๐Ÿ‘ฉ๐Ÿฝโ€๐Ÿ’ป ๐Ÿš€ ๐Ÿ“ˆ
The recently concluded Total Energies Africa Cup of Nations (AFCON) in Cรดte d'Ivoire led to a phenomenal 300% boost in earnings for African content creators, according to StarNews Mobile. With a surge in engagement, particularly in Nigeria, Cameroon, and Cรดte d'Ivoire, where creators experienced a remarkable 200%, 300%, and 400% increase in viewers and revenue, respectively. AFCON-related content saw tremendous demand, streaming over four million videos per month and attracting 500,000 new subscribers passionate about the tournament. The data highlights the thriving content space in Africa and the immense potential for creators in the region.
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Benjamindada
Benjamindada
Feb 26, 2024
Seacom Faces Outage as Red Sea Cable Damage Disrupts African Connectivity ๐ŸŒ๐Ÿ”ง
Seacom, a prominent undersea communications systems operator in Africa, encounters connectivity issues due to cable damage in the Red Sea. While the cause remains officially unconfirmed, potential threats from the Iranian-backed Houthi militia highlight the region's geopolitical sensitivity, impacting internet access across surrounding areas. Seacom is swiftly rerouting services to minimize disruptions and working diligently on restoration plans.
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Benjamindada
Benjamindada
Feb 23, 2024
Equinix's $390 Million African Expansion Boosts Digital Infrastructure
๐ŸŒ Unlocking Africa's Digital Future: Equinix's bold $390 million investment signals a significant step in bridging the digital divide in Africa. As the continent gears up for a tech revolution, the expansion plan focuses on key regions, promising increased connectivity and digital opportunities. Explore how Equinix's strategic move aligns with Africa's rising tech prominence!
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Benjamindada
Benjamindada
Feb 22, 2024
Verod Acquires 65% Stake in Nigeria's i-Fitness for $12 Million in Private Equity Shuffle ๐Ÿ‡ณ๐Ÿ‡ฌ ๐Ÿ‹๏ธโ€โ™€๏ธ
Nigeria's fitness landscape undergoes a transformation as Verod, a West African private equity firm, secures a 65% stake in i-Fitness from CardinalStone for $12 million. The deal marks a significant evolution for i-Fitness, from its inception in 2015 to becoming a leading fitness chain with 26,000 subscribers across 21 locations in four cities.
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Benjamindada
Benjamindada
Feb 22, 2024
Nigeria Considers Crypto Crackdown Amidst Currency Woes: Exchanges in Regulatory Crosshairs ๐Ÿšจ ๐Ÿ‡ณ๐Ÿ‡ฌ โ‚ฟ
As Nigeria grapples with a currency crisis, the government eyes a fresh crypto crackdown, calling for measures against major exchanges like Binance, OctaFX, Coinbase, Kraken, and FXTM. The move, driven by concerns of currency manipulation and money laundering, raises questions about the future of cryptocurrency in the country.
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Benjamindada
Benjamindada
Feb 21, 2024
๐Ÿš€ Ocular AI, Co-Founded by Zambian and Zimbabwean Engineers, Makes History in Y Combinator's Winter 2024 Batch! ๐Ÿ‡ฟ๐Ÿ‡ฒ ๐Ÿ‡ฟ๐Ÿ‡ผ
Meet the visionaries behind Ocular AI, Micheal Moyo and Louis Murerwa, making waves at Y Combinator. This Silicon Valley startup aims to revolutionize workplace efficiency by unifying tools, data, and engineering resources. Rooted in a passion for social impact, the duo brings expertise from Microsoft and Google to streamline information access and automate tasks.
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Benjamindada
Benjamindada
Feb 19, 2024
Twitter Africa Layoffs Resolved: Severance Agreed After Year-Long Dispute ๐Ÿค๐Ÿพ๐Ÿ’ผ
After more than a year, the Ghana-based Africa team laid off by X (formerly Twitter) following Elon Musk's acquisition has finally reached a severance settlement. The dispute, marked by legal pressure and advocacy, involved demands for fair compensation, including three months' gross salary, repatriation expenses, stock option vesting, and healthcare continuation. As the details remain undisclosed, a representative from the law firm expressed the employees' satisfaction, marking closure after facing challenges with the world's richest man's acquisition.
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Benjamindada
Benjamindada
Feb 19, 2024
๐ŸŒ Connecting Continents: Anticipated Broadband Projects Set to Transform Africa's Digital Landscape ๐Ÿš€๐Ÿ’ป
Discover the game-changing broadband initiatives aiming to bridge the digital divide in Africa! From Google's Taara beaming data across the Congo River to Microsoft's Airband satellite internet reaching remote areas, these projects promise to revolutionize internet connectivity, transforming lives and societies. ๐ŸŒ๐Ÿ“ก
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Benjamindada
Benjamindada
Feb 15, 2024
Moove Accelerates Indian Expansion with $10M Funding, Eyes Eco-Friendly Vehicle Dominance ๐Ÿ‡ณ๐Ÿ‡ฌ ๐Ÿ‡ฎ๐Ÿ‡ณ
Nigerian mobility startup, Moove, secures $10 million funding to propel its ambitious vehicle financing expansion across Indian cities, marking a year since entering the subcontinent. With a commitment to eco-friendly mobility solutions, Moove plans to reshape India's vehicle ownership landscape, having already completed over a million trips and acquired 1500 vehicles in major cities.
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Benjamindada
Benjamindada
Feb 14, 2024
Carbon Acquires Vella Finance, Unveils AI-Driven Business Banking as Carbon Business ๐Ÿš€ ๐Ÿค๐Ÿพ
Dive into the future of business finance! Carbon has acquired Vella Finance, creating Carbon Businessโ€”a game-changing AI-driven platform offering businesses insights, low-cost loans, and innovative solutions. Join the financial revolution!
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Benjamindada
Benjamindada
Feb 13, 2024
Access Bank Appoints Bolaji Agbede as Acting CEO Following Herbert Wigweโ€™s Demise
In the wake of the tragic demise of Access Bank's former CEO, Herbert Wigwe, Bolaji Agbede steps in as the acting Group CEO, bringing a wealth of experience and understanding of the Access culture. The appointment reflects the bank's robust succession planning practices.
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Benjamindada
Benjamindada
Feb 11, 2024
๐ŸŒ Tribute to Herbert Wigwe: Iconic African Finance Leader and Philanthropist
๐Ÿ’” In a tragic incident, Herbert Wigwe, the esteemed CEO of Access Bank and Access Holdings, met with a fatal accident in the United States. Beyond his financial prowess, his legacy as a philanthropist and visionary leader transcends, leaving an indelible mark.
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Benjamindada
Benjamindada
Feb 8, 2024
Unlocking Opportunities: Africa's Digital Commerce Projected to Reach $72 Billion by 2026, Fueled by Rapid Growth and Alternative Payment Methods
Discover the promising landscape of Africa's digital commerce, set to soar to $72 billion by 2026, driven by a 25% annual growth rate. As the continent embraces digitization, find out how alternative payment methods dominate, with a focus on mobile-first strategies, reshaping the future of payments in rising markets. Additionally, explore the surge in B2B payments, propelled by the rise of digital marketplaces, creating new opportunities for businesses in Africa and beyond.
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Benjamindada
Benjamindada
Feb 7, 2024
Sudan's Internet Outage Escalates Tensions, Spreading to Other African Nations
A mysterious internet blackout in Sudan, amid ongoing conflicts, has sparked accusations between the Sudanese government and paramilitary forces, further intensifying a ten-month civil war. With major telcos affected, around 14 million internet users are left in the dark, drawing international attention. The situation escalates as hacktivist group Anonymous Sudan targets telecom networks in Djibouti and Uganda, alleging ties to the paramilitary group, Rapid Support Forces (RSF). The blackout highlights the complex web of conflicts affecting digital communications in the region.
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Benjamindada
Benjamindada
Feb 7, 2024
South Africa Extends Deadline to Phase Out 2G and 3G Networks to 2027, Allowing Smooth Transition to 4G/LTE and 5G ๐Ÿ‡ฟ๐Ÿ‡ฆ
South Africa's ambitious plan to phase out 2G and 3G networks sees a shift in the deadline, now set for December 31, 2027, as the Federal Department of Communications and Digital Transformation grants more time for mobile operators and users to transition smoothly to advanced technologies. The initial deadline, slated for 2025, prompted industry-wide consultations, with major telcos like MTN, Telkom, and Vodacom seeking a phased approach to ensure minimal disruption for end users.
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Benjamindada
Benjamindada
Feb 5, 2024
MultiChoice Rejects Canal+'s $1.7 Billion Acquisition Offer, Citing Undervaluation
MultiChoice, the South African entertainment company, has turned down Canal+'s non-binding offer of $1.7 billion, expressing concerns about undervaluation. Despite Canal+'s increased shareholding from 31.67% to 35.01%, MultiChoice maintains that the proposed offer significantly underestimates its true worth. The board suggests it is open to considering offers from other interested parties at a fair price and under appropriate conditions.
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Benjamindada
Benjamindada
Feb 2, 2024
Embracing Change: Yellow Card's Insight on Crypto Regulation in Nigeria ๐ŸŒ๐Ÿš€
Explore Yellow Card's journey navigating Nigeria's crypto regulation rollercoaster. With recent shifts in the Central Bank's stance, Yellow Card eyes regulatory approval, ushering hope for crypto businesses. Chief Data Protection Officer, Lasberry Chioma Oludimu, shares exclusive insights on industry transformations and the road ahead.
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Benjamindada
Benjamindada
Feb 1, 2024
Canal+ Eyes Full Acquisition of MultiChoice to Expand TV Dominance in Africa ๐ŸŒ๐Ÿ“บ
French TV giant Canal+ is poised to acquire the remaining stake in South Africa's MultiChoice, with a non-binding offer valued at $1.7 billion. This move, if successful, would strengthen Canal+'s grip on the pay-TV market in Africa, challenging rivals and shaping the continent's TV landscape. ๐Ÿค๐Ÿ“ˆ
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Benjamindada
Benjamindada
Jan 31, 2024
Klasha and FOMO Pay Forge Strategic Partnership to Revolutionize Cross-Border Payments Between Africa and Asia ๐ŸŒ๐Ÿ’ธ ๐Ÿค๐Ÿพ
Embarking on a transformative collaboration, Klasha and FOMO Pay join forces to create a seamless cross-border payment platform connecting Africa and Asia. This strategic alliance not only facilitates easy online collections and payments but also empowers businesses to expand into new markets, fostering financial connectivity and economic growth across continents. ๐Ÿš€๐Ÿ’ณโœจ
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Benjamindada
Benjamindada
Jan 31, 2024
2023 State of Startup VC Funding in Africa: Unveiling Trends, Challenges, and Growth Opportunities
Discover the pulse of African tech in 2023 with our comprehensive State of Funding report! ๐Ÿš€ Explore insights into the $2 billion equity funding landscape, shifting investment destinations, and the rise of Fintech amidst a maturing startup ecosystem. ๐ŸŒ Embrace the trends shaping Africa's innovation journey for a prosperous 2024! ๐Ÿ’ก
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Benjamindada
Benjamindada
Jan 30, 2024
Bboxx Transforms: Relocates HQ to Rwanda with $100M Investment ๐Ÿš€ ๐Ÿ‡ท๐Ÿ‡ผ
๐ŸŒŸ Off-grid solar pioneer Bboxx makes a bold move, shifting its headquarters to Kigali, Rwanda, pledging a $100 million investment and training 500 locals. ๐ŸŒž Embracing an Africa-first strategy, Bboxx aims to impact 36 million lives by 2028, reinforcing its commitment to sustainable energy solutions. ๐Ÿš€ Joining the tech wave in Rwanda, Bboxx aligns with the country's innovation push for a brighter, greener future.
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Benjamindada
Benjamindada
Jan 30, 2024
OneWeb Expands Reach in South Africa's Satellite Internet Arena with Strategic Partnerships ๐Ÿ‡ฟ๐Ÿ‡ฆ
As OneWeb races to dominate South Africa's internet connectivity landscape, strategic partnerships with Paratus South Africa and Q-KON's Twoobii demonstrate its commitment to overcoming unique challenges. Indirectly powering a leading digital bank, OneWeb's adaptability and scalability set a benchmark for reshaping connectivity in the region.
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Benjamindada
Benjamindada
Jan 29, 2024
Y Combinator Picks Promising Trio for 2024 Winter Batch, Boosts Nigerian Fintech Stars Cleva and Miden Alongside Kenyan Travel Tech
๐Ÿš€ Y Combinator's 2024 winter cohort shines a spotlight on African innovation, featuring Nigerian fintech powerhouses Cleva and Miden, along with a promising Kenyan travel tech startup. ๐ŸŒ๐Ÿ’ก Explore how these startups are set to make waves globally with their disruptive solutions in cross-border payments, virtual card issuance, and travel technology. ๐ŸŒโœจ
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Benjamindada
Benjamindada
Jan 29, 2024
Sony's $10M Fund Makes Gaming Debut with Investment in African Startup Carry1st ๐ŸŽฎ
Sony's $10 million African fund marks its first investment in Carry1st, a leading game publisher in South Africa. As the gaming industry in Africa shows significant potential, Carry1st aims to leverage this partnership to bring top-notch games to the growing market, with an industry set to surpass $1 billion in 2024.
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Benjamindada
Benjamindada
Jan 28, 2024
Navigating African VC: Insights from Seedstars Youth Wellbeing Ventures' Cyrine Ben Fadhel
Explore the journey of Cyrine Ben Fadhel in African VC, from leaving a prestigious role to managing a $20 million mandate. Discover how Seedstars Youth Wellbeing Ventures blends a mission-driven ethos with financial returns, addressing challenges and foreseeing a collaborative shift in global interest toward African startups. Gain valuable advice for aspiring VC investors, emphasizing the importance of immersion, networking, and strategic decisions in the dynamic African venture capital landscape. ๐Ÿš€๐Ÿ’ก๐ŸŒ
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Benjamindada
Benjamindada
Jan 27, 2024
๐Ÿš— Chinese EV Makers Accelerate Into Africa's Electric Future: A Drive Towards Global Dominance ๐ŸŒโšก
As Africa gears up for an electric mobility transformation, Chinese electric vehicle manufacturers like BYD are racing to reshape the narrative and challenge Western dominance. Explore how they are penetrating markets from Rwanda to South Africa, reshaping the continent's decarbonization journey.
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Benjamindada
Benjamindada
Jan 26, 2024
๐Ÿš€ Pade's Impact: โ‚ฆ11.5 Billion in Salaries Disbursed in 2023, Marking 41.1% Annual Increase! ๐Ÿ’ฐ
Discover the remarkable success of Nigerian HRTech firm Pade as it disburses a staggering โ‚ฆ11.5 billion in salaries for clients like Flutterwave and Risevest in 2023, showcasing a remarkable 41.1% YoY growth. Dive into the innovative measures, including Earned Wage Access, and how Pade is simplifying people operations in diverse industries.
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Benjamindada
Benjamindada
Jan 25, 2024
๐ŸŒ Unlocking Boundaries: The Top 10 Most Powerful African Passports in 2024 Revealed by Henley Report ๐ŸŒโœˆ๏ธ
Discover the latest Henley Passport Index revealing the powerhouse passports of Africa in 2024! Seychelles, Mauritius, and South Africa lead the pack, offering travelers enhanced global mobility. Dive into the rankings, insights, and the Nigerian passport's position in the global landscape.
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Benjamindada
Benjamindada
Jan 25, 2024
๐Ÿ”’ Nigerian Wealthtech Startup, Cova, Announces Shutdown Amidst Funding Challenges
๐Ÿ“‰ Cova, the Nigerian wealthtech platform, is set to cease operations on Feb. 10, 2024, citing funding challenges and a lack of traction in its two-year existence. Co-founders Olu'yomi Ojo and Yomi Osamiluyi express difficulty in the decision, assuring subscribers of refunds by Feb. 13. This closure brings attention to the complexities of navigating the fintech landscape in Nigeria.
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Benjamindada
Benjamindada
Jan 25, 2024
๐ŸŒ Africa Faces Identity Fraud Surge: 80% Targeted Attacks on National IDs Revealed by Smile ID
๐Ÿ” Dive into the alarming findings of Smile ID's report, exposing a staggering 80% of identity fraud attacks in Africa directed at national IDs. Discover the most vulnerable documents and the crucial role biometric verification plays in combating this rising threat.
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Benjamindada
Benjamindada
Jan 24, 2024
๐ŸŒ Africa's Domain Boom: Internet Domain Space Surges with 4.3 Million ccTLDs ๐Ÿš€
As Africa's online population soars, a surge in domain registrations is reshaping the digital landscape. With 4.3 million ccTLDs and 1.4 million gTLDs, the region is witnessing a 21% growth since 2016, marking a promising trajectory for the domain industry. Explore the key findings and factors shaping Africa's domain name ecosystem. ๐Ÿ“ˆ๐Ÿ’ป
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Benjamindada
Benjamindada
Jan 24, 2024
Identity Fraud Challenges: US Fintech Faces Similar Trends to Africa, Posing Cross-Border Obstacles
Identity fraud issues, comprising 42% of US Bank Secrecy Act filings in 2021, echo trends seen in Africa, especially in Nigeria and Kenya. For cross-border payment startups like Klasha, navigating the surge in identity fraud on both continents becomes a critical challenge, impacting financial security and remittances.
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Benjamindada
Benjamindada
Jan 23, 2024
๐Ÿ“ฆ Revolutionizing Last-Mile Delivery: Fez Launches Safe Lockers in Lagos ๐ŸŒ๐Ÿšš
As the logistics landscape in Africa evolves, Fez Delivery introduces Fez Safe Lockers, leveraging IoT technology to streamline last-mile delivery in Lagos. Amid global challenges, this innovation aims to make deliveries more efficient and cost-effective, transforming the way people send, receive, and collect items.
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Benjamindada
Benjamindada
Jan 23, 2024
Starlink Demand Soars in South Africa Despite Regulatory Restrictions ๐Ÿ‡ฟ๐Ÿ‡ฆ ๐Ÿ“ก
Defying regulatory warnings, South African consumers are flocking to purchase Starlink kits, Elon Musk's satellite internet service, to overcome the country's power crisis. Despite legal limitations, the demand for the high-speed, load-shedding-resistant service is on the rise, with thousands of kits sold through neighboring markets.
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Benjamindada
Benjamindada
Jan 18, 2024
Unlocking Profitability: TymeBank's Journey Reveals 5 Key Strategies in 2023 ๐Ÿš€๐Ÿ’ฐ
TymeBank, the South African neobank, celebrates a profitable December 2023, marking a turnaround from a loss earlier that year. Founder Patrice Motsepe attributes this success to a unique model, strategic partnerships, a flourishing lending portfolio, capital infusion, and a trail of pioneering innovations. In a landscape where neobanks' profitability is rare, TymeBank's achievement stands out, positioning it as a noteworthy player in the digital banking realm.
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Benjamindada
Benjamindada
Jan 18, 2024
Angola's Central Bank Safeguards Systems After Cybersecurity Breach ๐Ÿšซ๐Ÿ’ป ๐Ÿ‡ฆ๐Ÿ‡ด
Amid the growing wave of cyber threats, Banco Nacional de Angola fortifies its defenses following a recent cyberattack. The central bank assures minimal impact on essential services, emphasizing robust cybersecurity measures.
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Benjamindada
Benjamindada
Jan 17, 2024
๐ŸŒ UNDP Launches $1 Billion Timbuktoo Initiative to Ignite African Startup Ecosystem ๐Ÿ”ฅ๐Ÿ’ก
UNDP's game-changing $1 billion Timbuktoo Initiative, unveiled at Davos, marks a watershed moment for African startups. President Kagame commits $3 million, setting the stage for innovation, job creation, and transformative impact across the continent. ๐Ÿš€๐ŸŒ
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Benjamindada
Benjamindada
Jan 17, 2024
Cell C Contemplates Workforce Reduction in Pursuit of Sustainability Goals ๐Ÿ“‰๐Ÿ’ผ
n a bid to enhance operational flexibility and address financial challenges, South Africa's telecom giant, Cell C, considers laying off up to 40% of junior and semi-skilled employees. The outcome of ongoing discussions with affected parties will shape the telco's final decision, marking a pivotal moment in its quest for sustainability amidst fierce industry competition.
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Benjamindada
Benjamindada
Jan 17, 2024
Ezdehar Invests $10M in Yodawy, Boosting Growth for Egyptian HealthTech ๐Ÿ‡ช๐Ÿ‡ฌ ๐Ÿš€๐Ÿ’Š
Egyptian private equity firm, Ezdehar, has invested $10 million in Yodawy, an innovative healthtech startup. The funding, secured through the Ezdehar Mid-Cap Fund II, is poised to accelerate Yodawy's expansion plans, enhance technology-driven fulfillment capabilities, and further solidify its position as a leading digital pharma powerhouse in Egypt.
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Benjamindada
Benjamindada
Jan 16, 2024
Zambiaโ€™s Ambitious Tech Hub Dream Hits Roadblock Amid Economic Woes ๐Ÿ‡ฟ๐Ÿ‡ฒ
In a bid to become a regional tech hub, Zambia's Project Zambia, led by top African tech leaders, faced setbacks as negotiations with the government took a back seat due to economic challenges and debt restructuring. Despite the country's untapped digital potential, competing with established tech havens becomes a daunting task.
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Benjamindada
Benjamindada
Jan 16, 2024
Vodafone and Microsoft Forge $1.5 Billion Partnership to Revolutionize User Experience in Africa and Europe ๐Ÿซฑ๐Ÿปโ€๐Ÿซฒ๐Ÿพ
Vodafone and Microsoft embark on a groundbreaking decade-long collaboration, investing $1.5 billion in cutting-edge AI, digital services, and cloud solutions. This strategic alliance aims to benefit over 300 million businesses and consumers across Africa and Europe, fostering digital transformation and ethical AI practices.
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Benjamindada
Benjamindada
Jan 15, 2024
Somaliland Breaks Ground with Telesom's Pioneering 5G Network Launch ๐Ÿ“ถ๐ŸŒ
Somaliland, defying challenges, proudly unveils its inaugural 5G network in collaboration with Telesom, marking a significant stride in East Africa's tech landscape. With coverage extending to 12 urban centers, including Hargeisa, the development positions Somaliland among the early adopters of 5G in low-income markets, showcasing its commitment to technological advancement.
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Benjamindada
Benjamindada
Jan 12, 2024
๐Ÿ“ˆ Zimbabwe Faces Soaring Internet Costs: Impact on Economy and Livelihoods ๐Ÿ‡ฟ๐Ÿ‡ผ ๐ŸŒ
As Zimbabwe grapples with an unprecedented surge in internet subscription prices, with tariffs soaring up to 100%, millions face increased economic hardships. Explore how recent telecom adjustments are affecting businesses and individuals, sparking a social media campaign, DataMustFallZW, advocating for affordable data prices.
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Benjamindada
Benjamindada
Jan 10, 2024
๐Ÿšš Fez Launches Fez Safe Lockers: Revolutionizing Last-Mile Delivery in Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌ
Embrace the future of parcel delivery with Fez Safe Lockers! ๐Ÿ“ฆ๐Ÿ’ผ @FezDelivery introduces an innovative network of automated lockers, ensuring secure, cashless, and efficient last-mile deliveries in Nigeria. ๐Ÿ‡ณ๐Ÿ‡ฌโœจ
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Benjamindada
Benjamindada
Jan 10, 2024
Kenya's Visa-Free Policy Unveiled: Exploring the Ecosystem of Electronic Travel Authorization (eTA) ๐Ÿ‡ฐ๐Ÿ‡ช โœˆ๏ธ
Kenya recently announced a visa-free policy to boost continental trade, but the implementation comes with a twist. Let's delve into the nuances of the new Electronic Travel Authorization (eTA), examining its impact on travel and the diverse reactions it has sparked.
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Benjamindada
Benjamindada
Jan 10, 2024
Ericsson and MTN MoMo Join Forces to Boost Fintech and Financial Inclusion in Africa ๐Ÿค๐Ÿฝ
In a strategic move, Ericsson's Mobile Wallet Platform collaborates with MTN MoMo, Africa's leading telecom operator, aiming to elevate financial inclusion across the continent. This partnership targets both first-time users and established business applications, fostering growth in fintech, merchant payments, and international money transfers.
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Benjamindada
Benjamindada
Jan 9, 2024
๐Ÿš€ ZeroComplex AI: Powering African Businesses with Seamless AI Integration
Unlock the potential of AI effortlessly! Discover how ZeroComplex AI is revolutionizing African businesses by simplifying AI integration, boosting efficiency, and driving growth. ๐ŸŒ๐Ÿค–
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Benjamindada
Benjamindada
Jan 8, 2024
๐Ÿšจ Cyberattack Shakes Africa's Leading Airline: Kenya Airways Hit by Ransomware Hack ๐Ÿ›ซ๐ŸŒ
In a major cybersecurity incident, Kenya Airways, the continent's largest airline, falls victim to a ransomware attack by the notorious group Ransomexx. Confidential data, including passenger details and government official information, has been leaked, raising concerns about aviation security in Africa.
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Benjamindada
Benjamindada
Jan 8, 2024
๐Ÿš€ Kuda Neobank Surpasses โ‚ฆ55.8 Trillion Transaction Milestone in Four Years
๐ŸŒ Nigerian neobank, Kuda, celebrates a remarkable achievement, hitting a transaction value of โ‚ฆ55.8 trillion within just four years since its launch. CEO Babs Ogundeyi shares insights into the journey, serving over seven million customers and expanding globally.
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Benjamindada
Benjamindada
Jan 6, 2024
2023 AFCON Broadcasting Shake-Up: SuperSports Loses Rights to New World TV ๐Ÿ“บ ๐Ÿ† โšฝ
Get ready for a game-changing kickoff! Multichoice-owned SuperSports loses its grip on the 2023 Africa Cup of Nations broadcasting rights. New World TV scores big with an $80 million deal, reshaping how fans across Africa will experience the tournament. Who else is stepping up to the plate? Find out below! ๐Ÿ“ก๐Ÿ”ฅ
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Benjamindada
Benjamindada
Jan 6, 2024
๐ŸŒ African Tech in 2024: Predictions from Investors ๐Ÿš€
๐Ÿšจ Explore the top 5 tech trends shaping Africa's venture capital scene in 2024, as predicted by influential investors. From cleantech financing to AI adoption and a focus on profitability and ESG, discover the trends steering the African tech ecosystem.
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Benjamindada
Benjamindada
Jan 5, 2024
Twiga Foods Faces Leadership Transition as CEO Peter Njojo Ends Decade-Long Era
๐ŸŒ CEO Peter Njojo bids farewell to Twiga Foods after a decade, truncating his recent sabbatical. The Kenyan eCommerce startup, known for its B2B agritech model, now navigates a leadership transition amidst challenges in the tough economic climate and recent operational shifts. ๐Ÿ๐Ÿ“‰
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Benjamindada
Benjamindada
Jan 4, 2024
๐ŸŒ Africa's Internet Blackout: Economic Toll Soars to $1.74 Billion in 2023 ๐Ÿ“‰
Discover the staggering impact as Sub-Saharan Africa faces a fivefold increase in economic losses, reaching $1.74 billion due to internet blackouts. A recent report from Top 10VPN unveils the worrying trend, shedding light on the reasons behind the disruptions and their implications for businesses and digital rights across the continent.
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Benjamindada
Benjamindada
Jan 3, 2024
Tingo CEO Faces 45-Year Prison Term in Securities Fraud Case โš–๏ธ
n a shocking turn of events, Tingo's ex-CEO, Odogwu 'Dozy' Mmobuosi, is under scrutiny with the US government bringing forth securities fraud charges. The allegations suggest a complex scheme that may lead to a staggering 45-year prison sentence.
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Benjamindada
Benjamindada
Dec 29, 2023
Navigating Nigeria's Soaring Drug Prices: Remedial Health CEO Discusses Healthtech's Role Amid Pharmaceutical Market Challenges ๐Ÿ‡ณ๐Ÿ‡ฌ ๐Ÿ’Š
As multinational pharmaceutical giants exit Nigeria, plunging drug prices threaten healthcare accessibility. Samuel Okwuada, CEO of Remedial Health, a YC-backed Nigerian healthtech, shares insights on the crisis, its impact on healthtech, and innovative solutions to ensure affordable and genuine medicines for all. ๐Ÿฅ๐Ÿ’ก
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Benjamindada
Benjamindada
Dec 29, 2023
Unveiling the Crystal Ball: How African Investors' 2023 Predictions Shaped the Tech Landscape
Dive into the future-predicting journey with African investors! From Series A surprises to fintech dominos, explore how the crystal ball revealed the fate of startups in 2023. Did the visions align with reality? Let's unfold the tech saga.
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Benjamindada
Benjamindada
Dec 28, 2023
๐ŸŒ African Tech 2023: Crypto Ban Lifted, Mega Acquisitions, and Surprising Breakthroughs! ๐Ÿš€ ๐ŸŒŸ
Explore the vibrant year in African tech! From the uplifting end of Nigeria's crypto ban to mega acquisitions, Tijani's ministerial role, Piggyvest's massive payouts, and Safaricom's M-PESA expansion โ€“ 2023 was a year of remarkable breakthroughs in the continent's tech ecosystem. ๐ŸŒŸ
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Benjamindada
Benjamindada
Dec 27, 2023
๐Ÿ” Crypto Cyberhack Losses Halved in 2023: Industry Adapts to Strengthen Security Measures
Discover the silver lining in the crypto world as a new report by De.FI reveals a notable 50% decrease in cryptocurrency losses to cybercriminals in 2023. Amid ongoing challenges and persistent vulnerabilities, the industry's concerted efforts to enhance security protocols showcase promising strides against cyber threats.
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Benjamindada
Benjamindada
Dec 27, 2023
๐Ÿš€ Anchor Sets Sail: Celebrates โ‚ฆ400 Billion Transaction Milestone in Record-Breaking Year!
Anchor, the Banking as a Service (BaaS) pioneer, caps off a stellar year processing over โ‚ฆ400 Billion in transactions for 60+ live customers across diverse industries. From fintech to logistics, their APIs empower businesses, simplifying compliance and fostering financial innovation. Dive into their game-changing year-end review!
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Benjamindada
Benjamindada
Dec 23, 2023
Nigeria Eases Crypto Restrictions: A Shift in Regulatory Winds ๐ŸŒ ๐Ÿ‡ณ๐Ÿ‡ฌ
Nigeria's Central Bank updates cryptocurrency guidelines, signaling a shift from the 2021 outright ban. While banks can now engage with Virtual Asset Service Providers (VASPs), stringent regulations, including licensing by the Securities Exchange Commission, remain in place. The move comes as Nigeria's crypto market maintains its position as Africa's largest, with a 9% YoY growth in transaction volume, reaching $56.7 billion.
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Benjamindada
Benjamindada
Dec 22, 2023
๐Ÿšจ Tingo Co-CEO Dozy Temporarily Steps Down Amid SEC Fraud Charges ๐Ÿšจ
Amidst fraud charges filed by the US SEC, Odogwu 'Dozy' Mmobuosi, co-CEO of Tingo, the African agritech startup, has taken a temporary leave. The move follows allegations of a multi-year scheme to inflate financial metrics and siphon funds for personal gains, including luxury purchases and a Premier League team acquisition attempt.
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Benjamindada
Benjamindada
Dec 21, 2023
Nairaland Resumes Operations After Brief Disruption: Plans for Enhanced Content Moderation ๐Ÿ‡ณ๐Ÿ‡ฌ
Nigeria's popular online forum, Nairaland, is back online following a temporary shutdown by Cloudflare. Founder Seun Osewa emphasizes plans for alternative hosting solutions and improved content moderation to prevent future disruptions, addressing user concerns.
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Benjamindada
Benjamindada
Dec 20, 2023
Resilient Growth: Africa's Smartphone Market Surges Despite Economic Challenges
Amidst economic adversity, Africa's smartphone market shows remarkable resilience, with shipments reaching 17.9 million units in Q3 2023, marking a 12% YoY growth. Leading the charge is Chinese giant Transsion, while Samsung faces challenges. Canalys predicts continued growth but anticipates a slowdown in demand next year.
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Benjamindada
Benjamindada
Dec 20, 2023
AWS Leadership Engages with Nigerian Government to Boost Digital Economy Ahead of 2024 ๐Ÿ‡ณ๐Ÿ‡ฌ๐Ÿ’ป
Discover how Amazon Web Services (AWS) is collaborating with the Nigerian government to accelerate digital innovation. From insights on policy frameworks to plans for extensive digital skills training, AWS aims to empower Nigeria in the ever-evolving digital landscape. ๐Ÿš€๐Ÿ”—
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Benjamindada
Benjamindada
Dec 20, 2023
Navigating Challenges: Reflecting on Low Moments in the African Tech Ecosystem 2023 ๐ŸŒ๐Ÿ”
Explore the tumultuous journey of the African tech scene in 2023, as economic challenges, cyber hacks, internal conflicts, and closures shook the ecosystem. Uncover the defining moments that shaped the year's narrative. ๐Ÿ“‰๐Ÿ’ป
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Benjamindada
Benjamindada
Dec 19, 2023
Lesotho Restores Inter-Bank Transfers After Cyber Hack - Caution Advised Amid Manual Processing
Following a cyber hack that prompted a temporary suspension of inter-bank transactions in Lesotho, the Central Bank announces the resumption of services. While inter-bank transfers are now operational, customers are urged to anticipate delays as manual processing is implemented. The incident raises concerns about the vulnerability of regional financial systems in the face of growing cyber threats. ๐Ÿ“ถ๐Ÿ’ป
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Benjamindada
Benjamindada
Dec 18, 2023
BioNTech Unveils $150M mRNA Vaccine Facility in Rwanda, Pledges to Democratize Vaccine Tech in Africa ๐Ÿงฌ ๐Ÿ‡ท๐Ÿ‡ผ
BioNTech, the German biotech giant, marks a milestone with the inauguration of its $150 million mRNA-based vaccine manufacturing hub in Kigali, Rwanda. The facility, equipped with innovative BioNTainers, aims to revolutionize pharmaceutical production by merging digital technology with standardized mRNA processes. President Paul Kagame emphasizes the significance of this partnership, ensuring vaccine technology democratization in Africa, addressing past inequities, and paving the way for clinical trials targeting malaria, tuberculosis, and HIV.
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Benjamindada
Benjamindada
Dec 18, 2023
Fears of Internet Restrictions Loom as DRC Heads to the Polls: Will Digital Rights Be Safeguarded? ๐Ÿ‡จ๐Ÿ‡ฉ๐Ÿ—ณ๏ธ
As the Democratic Republic of Congo prepares for its general elections, concerns rise over potential internet restrictions impacting citizens' digital rights. Uncertainty surrounds how the current administration, led by Felix Tshisekedi, will handle political dissent and freedom of speech online, recalling past instances of internet shutdowns during political events. Digital rights advocates urge the government to prioritize unrestricted access, emphasizing the crucial role internet freedom plays in ensuring a fair and inclusive electoral process.
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Benjamindada
Benjamindada
Dec 18, 2023
The Top 10 Venture Capital Firms Shaping Africa's Tech Landscape in 2023 ๐Ÿš€
Discover the powerhouses fueling Africa's tech revolution! These 10 venture capital firms are leading the charge, investing in innovative startups across diverse sectors. From Fintech to Agritech, they are shaping the future of the continent's burgeoning tech ecosystem.
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Benjamindada
Benjamindada
Dec 15, 2023
Breaking Digital Barriers: Eutelsat's OneWeb Secures Internet Foothold in Libya, Outpacing Starlink ๐Ÿ‡ฑ๐Ÿ‡พ
Libya, with its history of internet challenges, welcomes Eutelsat's OneWeb, outpacing Starlink in providing reliable connectivity. As Eutelsat partners with Rawafed Libya, sectors like oil, telecoms, and government gain exclusive access, promising to transform the nation's digital landscape by early 2024. ๐ŸŒโœจ
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Benjamindada
Benjamindada
Dec 13, 2023
Wyclef Jean Collaborates with Plateau State for Massive Tech Hub Project ๐Ÿ‡ณ๐Ÿ‡ฌ
Grammy-winning artist Wyclef Jean partners with the Plateau state government and Caribbean International Commerce to launch a groundbreaking technology and infrastructure hub, covering 4000 hectares. The project, slated to feature a creative incubator, music and movie studios, and green technology, aims to empower emerging talent and elevate Plateau state's global creative footprint. ๐Ÿš€๐ŸŽถ
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Benjamindada
Benjamindada
Dec 13, 2023
Ethiopia's Startup Revolution: Government-Led Reforms Spark Tech Ecosystem Growth ๐Ÿ‡ช๐Ÿ‡น
๐ŸŒ Ethiopia's tech landscape undergoes a transformative shift as government-led initiatives pave the way for a thriving startup ecosystem. ๐Ÿ’ก From innovation funds to a forthcoming Startup Act, Ethiopia embraces liberalization, opening doors for tech entrepreneurs and investors.
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Benjamindada
Benjamindada
Dec 11, 2023
South African Telecom Cell C Navigates Acquisition Journey: Handing Over Control to Blue Label's Subsidiary ๐Ÿ‡ฟ๐Ÿ‡ฆ
Amidst the tumultuous journey of South African telco Cell C, a pivotal moment emerges as it seeks to pass its operating license and frequency spectrum to The Prepaid Company (TPC), a subsidiary of Blue Label Telecoms. This potential acquisition sparks a new chapter for Cell C, navigating challenges in a bid to revitalize its position in the competitive telecom market.
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Benjamindada
Benjamindada
Dec 8, 2023
Flutterwave Expands Remittance Services in the US with 13 New Licences ๐ŸŒ ๐Ÿ’ธ ๐Ÿ‡บ๐Ÿ‡ธ
Flutterwave, the Pan-African fintech giant, has secured 13 additional money transmission licences in the United States, bringing the total to 29 states. This milestone allows Flutterwave to facilitate remittances to and from various states through its Send App, showcasing its commitment to regulatory compliance and customer fund safety.
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Benjamindada
Benjamindada
Dec 8, 2023
๐ŸŒŸ Empowering Women Entrepreneurs: WIC Capital Secures $1M to Boost Female-Led SMEs in Francophone Africa ๐ŸŒ๐Ÿ’ผ
Unlocking the potential of female entrepreneurs in Francophone Africa! WIC Capital's $1 million funding injection aims to break barriers for women-led SMEs, addressing financial challenges and fostering growth opportunities. ๐Ÿš€๐Ÿ‘ฉโ€๐Ÿ’ผ
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Benjamindada
Benjamindada
Dec 7, 2023
๐Ÿš€ Starlink Gears Up for Launch in South Africa After Regulatory Approval ๐Ÿ‡ฟ๐Ÿ‡ฆ
South Africa's regulatory authority quietly grants approval to Starlink affiliates, signaling a breakthrough for the satellite broadband service in the country. Despite previous regulatory challenges, Starlink is now on the path to meeting local ISP regulations, with three approved sellers ready to provide high-speed, low-latency internet to meet the strong market demand.
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Benjamindada
Benjamindada
Dec 7, 2023
Empowering Africans Abroad: OhentPay Eases International Money Transfers for Nigerians in the Diaspora ๐Ÿ‡ณ๐Ÿ‡ฌ
As the largest wave of Nigerians relocates overseas, driven by economic challenges and seeking better opportunities, OhentPay steps in to revolutionize international money transfers, making it seamless and cost-effective. Learn how OhentPay's founder, Emmanuel Ogbodo, addresses the financial needs of Africans abroad, focusing on ease, speed, and the best rates. ๐ŸŒ๐Ÿ’ธ
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Benjamindada
Benjamindada
Dec 6, 2023
Exclusive: Co-founder Clash Forces YC-Backed Fintech Pivo to Cease Operations ๐Ÿ’”
Nigerian fintech Pivo, a YC-backed digital bank for trade, faces closure due to an unresolved co-founder conflict. The clash between CEO Nkiru Amadi-Emina and COO Ijeoma Akwiwu has reportedly damaged the company's reputation, affecting its ability to secure future funding. The closure follows a $2 million seed round and investor interventions aimed at resolving the internal dispute. ๐Ÿšซ๐Ÿ’ฐ
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Benjamindada
Benjamindada
Dec 1, 2023
๐Ÿš€ OneWeb Set to Rival Starlink in South Africa's High-Speed Internet Race ๐Ÿ‡ฟ๐Ÿ‡ฆ
Diving into the fierce competition for reliable internet in South Africa, OneWeb, backed by satellite operator Eutelsat, is gearing up to launch its low-earth orbit (LEO) broadband service. As regulatory challenges surround Starlink, OneWeb aims to swoop in, partnering with Airtel Africa to bring high-speed, low-latency internet to underserved regions. Amidst the telecom showdown, OneWeb's strategic move looks to reshape the landscape of connectivity in South Africa.
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Benjamindada
Benjamindada
Nov 30, 2023
African Tech Landscape Sees 26 Acquisitions in 2023, Fintech Dominates ๐Ÿš€ ๐Ÿ’ก ๐Ÿค๐Ÿฟ
Amidst funding challenges, African startups embrace mergers and acquisitions with 26 recorded in 2023. Fintech leads the way, followed by mobility, Web3, and e-commerce sectors. Nigeria emerges as the primary market, showcasing nine acquisitions.
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Benjamindada
Benjamindada
Nov 30, 2023
Starlink Faces Regulatory Hurdles in South Africa: Icasa Demands Compliance and Equity Share
๐Ÿ“ก Starlink, Elon Musk's satellite internet venture, encounters regulatory turbulence in South Africa as Icasa demands legal registration and 30% equity sharing with disadvantaged groups. ๐Ÿšซโš–๏ธ Despite gaining popularity, the service faces penalties for operating without a license, prompting alternative purchasing channels amid regulatory pressures. ๐ŸŒ๐Ÿ’ป Explore the clash between Icasa's regulations and the growing demand for Starlink in South Africa's challenging internet landscape.
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Benjamindada
Benjamindada
Nov 29, 2023
Sporting Lagos Partners with Miva University for Player Education, Bridging Football and Academia โšฝ ๐ŸŽ“
Sporting Lagos, the Nigerian football club founded by Paystack CEO Shola Akinlade, has teamed up with Miva University to empower its players with educational pursuits alongside their football careers. This strategic partnership aims to provide degrees in various fields to players in Nigeria's premier league, fostering personal and professional growth. Akinlade's vision of nurturing talent extends beyond football, emphasizing thoughtful planning for players' development and education.
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Benjamindada
Benjamindada
Nov 29, 2023
Nigeria Set to Revolutionize Passport Applications with Automated System and E-Gates ๐Ÿ‡ณ๐Ÿ‡ฌ ๐ŸŒโœˆ๏ธ
Get ready for a seamless passport application experience in Nigeria as the Ministry of Interior unveils an automated system, eliminating middlemen and ensuring a hassle-free process. Plus, starting from February 2024, international airports in the country will feature cutting-edge e-gates, streamlining entry for Nigerian travelers.
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Benjamindada
Benjamindada
Nov 29, 2023
Bitcoin Dominates: Top 20 Cryptocurrencies Command 85.93% of Market, Reveals Invezz Report
Discover the crypto landscape's hierarchy! ๐Ÿš€ Invezz's recent analysis exposes the dominance of the top 20 cryptocurrencies, with Bitcoin leading at 49.11% market share, and Ethereum following closely at 16.50%. ๐ŸŒ๐Ÿ’ฐ Understand the significance of market capitalization in shaping crypto investment strategies.
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Benjamindada
Benjamindada
Nov 29, 2023
Unlocking Africa's Digital Future: The Spotlight on 5G Connectivity
Dive into the heart of Africa's tech evolution as industry leaders, regulators, and innovators gather at the Southern Africa MBB VIP salon to spotlight the pivotal role of fifth-generation internet connectivity. From building value-added networks to expanding 5G access beyond urban centers, discover the strategies shaping Africa's digital transformation.
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Benjamindada
Benjamindada
Nov 28, 2023
African Development Bank to Inject $80 Million into Nigeria's Ekiti Knowledge Zone for Digital Innovation
The African Development Bank Group has greenlit a significant $80 million loan to propel Nigeria's Ekiti Knowledge Zone project, a visionary initiative set to catalyze digital innovation and entrepreneurship. With a focus on world-class infrastructure, including a green technology park, this investment aims to generate 26,000 jobs and foster an annual economic contribution of around $14 million, marking a pivotal step towards Ekiti becoming a tech hub in Nigeria.
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Benjamindada
Benjamindada
Nov 28, 2023
LemFi Halts Operations in Ghana Amid Regulatory Scrutiny ๐Ÿ›‘ ๐Ÿ‡ฌ๐Ÿ‡ญ
In response to regulatory pressure from Ghana's central bank targeting unlicensed remittance providers, LemFi, a pan-African fintech, ceases operations in the country. Explore the implications and the broader context of regulatory challenges faced by fintech companies in Africa.
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Benjamindada
Benjamindada
Nov 27, 2023
MPost Chooses Kigali Over Nairobi: Rwanda Emerges as Africa's Tech Launchpad ๐Ÿ‡ฐ๐Ÿ‡ช ๐Ÿ‡ท๐Ÿ‡ผ
As Kenya faces criticism for its growing tax burden on tech startups, MPost, a pioneer in mobile-based virtual addresses, is making a strategic move to Rwanda. The relocation signals a shift in the African tech landscape, with Rwanda gaining prominence as an attractive hub. Discover why MPost sees Rwanda, particularly Kigali, as the ideal launchpad for its continental expansion.
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Benjamindada
Benjamindada
Nov 24, 2023
Nawah Scientific Secures US-FDA Approval for Food Analysis, Eyes Expansion in Nigeria and South Africa ๐Ÿ‡ช๐Ÿ‡ฌ ๐Ÿ‡ณ๐Ÿ‡ฌ ๐Ÿ‡ฟ๐Ÿ‡ฆ
Egyptian healthtech trailblazer, Nawah Scientific, attains US-FDA accreditation for food analysis, unlocking avenues for global collaboration and paving the way for expansion into Nigeria and South Africa. ๐Ÿš€๐ŸŒ
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Benjamindada
Benjamindada
Nov 23, 2023
Africa's Top 10 Funded Startups in 2023: Fintech Dominates, Cleantech Surges! ๐Ÿš€๐Ÿ’ฐ
Despite global economic challenges, Africa saw a funding boost in 2023. Fintech took the lead, but the real surprise was the rise of cleantech. Meet the top 10 startups shaping the continent's future! ๐ŸŒ๐Ÿ’ก
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Benjamindada
Benjamindada
Nov 23, 2023
Fez Delivery Expands Last-Mile Services with New UK Logistics Hub ๐Ÿššโœˆ๏ธ ๐Ÿ‡ฌ๐Ÿ‡ง
Nigerian last-mile delivery leader, Fez Delivery, achieves a milestone in its expansion strategy with the launch of its UK-Nigeria Shipping service. The newly established UK logistics hub enhances cross-border shipping efficiency, marking a significant leap forward in Fez's commitment to revolutionize the delivery landscape.
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Benjamindada
Benjamindada
Nov 22, 2023
Klasha Secures Money Services Business License, Expands Cross-Border Operations to the United States ๐ŸŒ๐Ÿ’ธ ๐Ÿ‡บ๐Ÿ‡ธ
Leading global payments company, Klasha, celebrates a major milestone as it receives a Money Services Business (MSB) license from FinCEN, enabling seamless cross-border transactions with the United States. CEO Jess Anuna expresses excitement about unlocking new international markets and enhancing global businesses' ability to engage in secure cross-border payments.
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Benjamindada
Benjamindada
Nov 22, 2023
Nigeria Launches Startup Support Portal to Propel Startup Act Implementation ๐Ÿ‡ณ๐Ÿ‡ฌ
Nigeria takes a giant stride in boosting its innovation ecosystem with the inauguration of the Startup Support and Engagement Portal, a pivotal move for implementing the Nigeria Startup Act. Minister 'Bosun Tijani emphasizes its role in identifying and supporting Nigerian startups, hubs, and venture capital firms, signaling a new phase post-election towards fostering innovation.
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Benjamindada
Benjamindada
Nov 21, 2023
Elevating Lifestyles: Eden Life Unveils E-Commerce Marketplace, Transforming Services into a Lifestyle
Discover how Eden Life, Africa's premier home concierge services platform, is taking a giant leap with the introduction of its innovative e-commerce marketplace. From essential services to a comprehensive lifestyle ecosystem, Eden is redefining convenience and connecting top-quality vendors with a commitment to flourishing lives.
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Benjamindada
Benjamindada
Nov 21, 2023
Aduna Capital Sets Sights on Northern Nigeria with $20M Fund for Tech Startups, Prioritizing Female Founders ๐Ÿ‡ณ๐Ÿ‡ฌ
Unlocking untapped potential, Aduna Capital pioneers a $20 million Northstar Fund I to elevate Northern Nigeria's tech landscape, aiming to support 57 startups, with a notable focus on empowering female founders. Amid stereotypes hindering funding, this sector-agnostic initiative seeks to bridge gaps and foster innovation in an underrepresented region.
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Benjamindada
Benjamindada
Nov 20, 2023
Bloc MFB Receives Central Bank's Approval to Launch Banking Services in Lagos ๐Ÿ‡ณ๐Ÿ‡ฌ
The Central Bank of Nigeria grants Approval-in-Principle to Bloc Microfinance Bank, paving the way for the fintech disruptor to revolutionize banking services in Lagos. CEO Edmund Olotu expresses enthusiasm, positioning Bloc on the path to global success. ๐ŸŒ๐Ÿ’ผ
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Benjamindada
Benjamindada
Nov 18, 2023
Fintech Setback: Africa-Focused Startup Zazuu Closes Doors Amid Funding Struggles โ›”
A setback for Zazuu as the Africa-focused fintech, based in the U.K., announces its closure due to challenges in securing additional funding. Despite a successful $2 million fundraising round last year, the company faced obstacles in expanding its cross-border payment services.
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Benjamindada
Benjamindada
Nov 16, 2023
South Africa's Neighbourgood Elevates Travel Experiences with $1.5M Acquisition of Local Knowledge ๐Ÿ‡ฟ๐Ÿ‡ฆ
South African proptech Neighbourgood has acquired Cape Town-based traveltech startup Local Knowledge for $1.5 million, aiming to redefine travel experiences and community connections. The strategic move aligns with South Africa's tourism goals, highlighted by a viral campaign featuring Trevor Noah. Neighbourgood plans to leverage Local Knowledge's expertise to create a unique Experience Vertical for personalized travel insights and unforgettable local encounters. โœˆ๏ธ
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Benjamindada
Benjamindada
Nov 16, 2023
WiCrypt, Nigerian Web3 Startup, Expands to China with Onega Ventures Partnership ๐Ÿš€ ๐Ÿ‡ณ๐Ÿ‡ฌ ๐Ÿ‡จ๐Ÿ‡ณ
Enugu-based blockchain startup, WiCrypt, known for its blockchain-based WiFi sharing network, has ventured into the Chinese market, selecting Onega Ventures as its exclusive distributor. With plans to replicate its successful model in China, WiCrypt aims to empower individuals to earn passive income while expanding its decentralized network. The move follows a $1.5 million funding round in 2021 and positions WiCrypt to tap into China's vast online user base.
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Benjamindada
Benjamindada
Nov 16, 2023
๐Ÿš€ Showmax Unveils Ambitious Relaunch Plans to Dominate African Streaming Market in 2024! ๐ŸŒ๐Ÿ“บ
Exciting times ahead for African streaming as Showmax prepares for a game-changing relaunch in February 2024. Teaming up with Comcastโ€™s NBCUniversal and Sky, the revamped Showmax introduces a fresh brand identity, new plans, and the groundbreaking Showmax Premier League, a dedicated mobile streaming service for football enthusiasts. Get ready for an unmatched streaming experience!
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Benjamindada
Benjamindada
Nov 11, 2023
Visa Boosts African Fintech: 23 Startups Chosen for Inaugural Accelerator Program ๐Ÿš€๐Ÿ’ณ
Visa is accelerating Africa's fintech prowess, handpicking 23 startups for its inaugural Fintech Accelerator. With a focus on mentorship, training, partnerships, and substantial perks, these diverse startups from Nigeria to Tunisia are set to reshape the digital economy. ๐ŸŒ๐Ÿ’ป
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Benjamindada
Benjamindada
Nov 10, 2023
Bolt Food Bids Farewell to Nigeria's Food Delivery Scene Amidst Market Challenges ๐Ÿ‡ณ๐Ÿ‡ฌ
As of December 7, 2023, Bolt Food is set to end its food delivery operations in Nigeria, citing the need to streamline resources and enhance overall efficiency. The decision comes after almost two years of operation, during which the company collaborated with thousands of restaurants, delivered over a million meals, and engaged thousands of agents and merchants. The move reflects the competitive challenges in Nigeria's food delivery market, impacted by economic downturn and recent fuel subsidy cuts.
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Benjamindada
Benjamindada
Nov 10, 2023
Flutterwave Expands Remittance Services with IMTO License from Malawi's Reserve Bank ๐Ÿ‡ฒ๐Ÿ‡ผ ๐Ÿ›๏ธ
Flutterwave, Africa's leading fintech, secures an International Money Transfer Operator (IMTO) license from the Reserve Bank of Malawi, enhancing its global remittance capabilities through the Send App. The move aligns with Flutterwave's strategic focus on revolutionizing cross-border transactions across the continent, offering efficient financial services to the diaspora. The IMTO license further strengthens Flutterwave's position in the competitive remittance sector as it continues to address challenges and reduce costs associated with sending money to Africa.
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Benjamindada
Benjamindada
Nov 8, 2023
Gozem Acquires Moneex to Launch MOMO Offering in Francophone Africa ๐Ÿ“ˆ๐Ÿ’ฐ
Francophone Africa super app, Gozem has acquired Beninese fintech startup, Moneex in an undisclosed deal. This strategic move is poised to enable Gozem to introduce a mobile money service in Togo and Benin.
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Benjamindada
Benjamindada
Nov 7, 2023
Fez Delivery Introduces Eco-Friendly Electric Bikes for Last-Mile Delivery in Nigeria ๐Ÿšดโ€โ™‚๏ธ๐ŸŒฟ
Fez Delivery has launched electric bikes to provide a cleaner, more economical, and efficient solution for goods transportation in Nigeria.
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Benjamindada
Benjamindada
Nov 2, 2023
Nigeria, Kenya, and Rwanda Join Global Pledge for AI Safety in 'The Bletchley Declaration ๐Ÿ‡ณ๐Ÿ‡ฌ ๐Ÿ‡ฐ๐Ÿ‡ช ๐Ÿ‡ท๐Ÿ‡ผ ๐Ÿง 
Among the 28 nations that have pledged to address AI-related risks through 'The Bletchley Declaration,' only Nigeria, Kenya, and Rwanda represent the African continent.
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Benjamindada
Benjamindada
Nov 1, 2023
mPharma Reshapes Strategy Post-Layoffs and Embraces Hybrid Work Model
mPharma, a Ghanaian healthtech company, has restructured its approach in the wake of the layoffs it implemented in September, which now entails discontinuing remote work.
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Benjamindada
Benjamindada
Nov 1, 2023
๐Ÿš€ BluePeak Private Capital Closes $156M Fund to Support African Businesses ๐ŸŒ
BluePeak Private Capital, a private capital firm focused on supporting the growth of scalable businesses in Africa, has reached a final close of its Private Capital Fund SCSp, at $156 million.
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Benjamindada
Benjamindada
Oct 24, 2023
Husk Power Raises $103 Million to Expand Renewable Energy in Africa and Asia ๐ŸŒ๐Ÿ”Œ
Cleantech firm Husk Power secures $103M to drive rural electrification, expand renewable energy services in Africa and Asia.
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Benjamindada
Benjamindada
Oct 19, 2023
Breaking: Kippa to Downsize Workforce and Cease Offline Payments Product
Nigerian fintech startup, Kippa plans to lay off an undisclosed number of its workforce at the end of the year. This follows the discontinuation of its offline payment product, KippaPay.
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Benjamindada
Benjamindada
Oct 19, 2023
Safaricom Completes Acquisition of M-PESA Holdings, Marking a Shift in Kenya's Mobile Money Landscape
Safaricom completes full acquisition of M-PESA Holdings, securing control of the iconic mobile money platform in Kenya.
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Benjamindada
Benjamindada
Oct 18, 2023
Andela Launches AI-Powered Talent Cloud to Enhance Remote Tech Hiring Globally
Andela, a pioneer of early software developer growth in Africaโ€”now a โ€œโ€‹โ€‹global network for remote technical talentโ€ has launched Andela Talent Cloud, an integrated, end-to-end platform to match global technologists with companies seeking to bolster capacity and skill sets.
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Benjamindada
Benjamindada
Oct 12, 2023
TruQ Wins โ‚ฆ2.5 Million in TC Battlefield Competition ๐Ÿ†
truQ, a Nigerian logistics startup, emerged as the champion in the first-ever TC Battlefield by TechCabal, securing a โ‚ฆ2.5 million prize. The second-place spot was claimed by Jamit, a social audio network.
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Benjamindada
Benjamindada
Oct 12, 2023
Moonshot '23: Experts Elevate Nigeria's Digital Economy ๐Ÿ‡ณ๐Ÿ‡ฌ
On the first day of the TechCabal Moonshot Conference, experts, including Nigeria's minister of digital economy shared insights on the growth of the Nigerian tech ecosystem.
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Benjamindada
Benjamindada
Oct 11, 2023
Payhippo Appoints Dami Olawoye as CEO, Zach Bijesse Joins Board
YC-backed Nigerian fintech startup, Payhippo has appointed Dami Olawoye as its new chief executive officer. The outgoing CEO, Zach Bijesse will join the startup's board.
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Benjamindada
Benjamindada
Oct 11, 2023
Netflix Ends Free Plan for Kenyan Users, Urging Paid Subscriptions in Ongoing Regional Expansion ๐Ÿ“บ ๐Ÿ‡ฐ๐Ÿ‡ช
Two years after the free plan was launched, Netflix disclosed on Monday that it is ending the trial plan, effective November 1. โ€œWe definitely learnt a lot from the test,โ€ a Netflix spokesperson told Reuters. โ€œWe are going to continue to offer a variety of other plans.โ€
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Benjamindada
Benjamindada
Oct 10, 2023
Addressing Africa's Mental Health Problem: HealthTech Startups Leading the Way
In Africa, healthtech startups like Nguvu Health Clafiya, The Pocket Couch, Ahkili, and Shamiri, are providing access to mental healthcare.
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Benjamindada
Benjamindada
Oct 10, 2023
"Preserving Nigeria's History: Archivi.ng Digitizes 50 Years of Newspapers" ๐Ÿ‡ณ๐Ÿ‡ฌ ๐Ÿ—ž๏ธ
Archivi.ng has launched the first version of its online archive of Nigerian newspapers spanning 17 years.
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Benjamindada
Benjamindada
Oct 6, 2023
Google's AI Accelerator Empowers 11 African Startups to Drive Innovation
Over a month after Google announced the expansion of its โ€œAI Firstโ€ accelerator to Africa, the big tech has selected 11 African startups for the first cohort of the programme.
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Benjamindada
Benjamindada
Oct 5, 2023
Ghanaian Fintech Dash to Lay Off 50% of Staff Amid Financial Woes ๐Ÿ‡ฌ๐Ÿ‡ญ
Seven months after Dash CEO was suspended to enable a financial audit, the Ghanaian fintech plans to downsize its workforce by 50% due to its inability to raise additional funding.
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Benjamindada
Benjamindada
Oct 4, 2023
Stears Shifts Focus from B2C to B2B, Launches Intelligence Solutions for Businesses
Pan-African data and intelligence company, Stears today announced its transition from B2C to B2B. The company has also launched intelligence solutions for businesses and professionals.
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Benjamindada
Benjamindada
Sep 29, 2023
Techstars Toronto's Investment Portfolio in Africa Grows to 40%
Since its launch in 2017, Techstars Toronto today announced that it has made its 100th investment into startups across the world; 40% of these startups are from Africa.
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Benjamindada
Benjamindada
Sep 29, 2023
South African Insurtech Startup, Root, Secures $1.5M for UK and European Expansion ๐Ÿ‡ฟ๐Ÿ‡ฆ
South African insurtech startup, Root has secured $1.5 million in funding to expedite its expansion initiatives, building upon its success in its home market and beyond.
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Benjamindada
Benjamindada
Sep 28, 2023
๐Ÿšจ Twiga Foods Faces Liquidation Threat Over Unpaid $263,691 Debt - Kenyan Agritech in Trouble
Kenyan Google Premier partner, Incentro Africa has filed insolvency against Twiga Foods for its failure to remit KES 39 million ($263,691) as payment for Google Cloud Services and Partner Service Funds that it provided.
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Benjamindada
Benjamindada
Sep 27, 2023
Biden Appoints Chipper CEO to Advisory Council for African Diaspora Engagement ๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿค๐Ÿผ๐ŸŒ
Ham Serunjogi, co-founder and CEO of Chipper Cash has been appointed as an inaugural member of the US advisory council on African diaspora engagement.
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Benjamindada
Benjamindada
Sep 27, 2023
Nigerian Fintech Risevest Acquires Chaka, Enhancing Investment Opportunities ๐Ÿค๐Ÿผ
Nigerian wealth management platform, Risevest has acquired Chaka in an undisclosed deal. Both companies will continue to operate as different products, according to the deal terms.
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Benjamindada
Benjamindada
Sep 26, 2023
Sub-Saharan Africa's Top 10 Remittance Recipients in 2022: Vital Financial Support Amidst Challenges
According to the World Bank, Nigeria accounted for the highest remittance flow into Sub-Saharan Africa in 2022.
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Benjamindada
Benjamindada
Sep 23, 2023
Microsoft-backed FAST Accelerator Selects 12 African Startups for AI Program ๐ŸŒ
Out of the 12 startups in the FA23 cohort, nine are Nigerian, and one each from Kenya, Tanzania, and Ghana. Also, fintech startups dominated the cohort.
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Benjamindada
Benjamindada
Sep 21, 2023
7 Game-Changing Platforms Fueling Africa's Creative Renaissance
๐ŸŒ Africa's creative economy, generating $5 billion in GDP and employing 5 million people, is thriving. These seven platforms are driving transformative change across various creative sectors.
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Benjamindada
Benjamindada
Sep 21, 2023
Ebanx Expands into 8 African Countries ๐ŸŒ
EBANX has expanded into eight African countries: Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia. The LatAm fintech unicorn is now present in eleven African markets.
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Benjamindada
Benjamindada
Sep 20, 2023
Bolt Accelerator Program Supports Nigerian Drivers ๐Ÿš— ๐Ÿ‡ณ๐Ÿ‡ฌ
Leading ride-hailing company, Bolt has introduced its Accelerator Program in collaboration with the Nest Innovation Park ('the Nest'). This program is designed to provide support and opportunities for drivers on their entrepreneurial journey, with a specific focus on sustainable transport solutions.
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Benjamindada
Benjamindada
Sep 19, 2023
Turaco Acquires MicroEnsure Ghana to Expand Affordable Insurance Coverage Across Africa ๐Ÿ‡ฌ๐Ÿ‡ญ
Turaco, Africaโ€™s leading tech-enabled affordable insurance company, today announced the acquisition of MicroEnsure Ghana, a pioneering microinsurance company from MIC Global. Under the deal, MicroEnsure will rebrand as Turaco Ghana and retain the expertise of the existing team and leadership. The acquisition is part of Turacoโ€™s long-term vision to provide simple and accessible insurance to 1 billion people.
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Benjamindada
Benjamindada
Sep 18, 2023
Nollywood Icon Richard Mofe-Damijo Joins Anakle Films for $1M+ Netflix Thriller 'The Black Book ๐ŸŽฌ ๐Ÿ“บ
Anakle Films is set to release Nigeriaโ€™s biggest-budget film to date, with the release of The Black Book, debuting on Netflix on 22nd September. The film, with a budget exceeding $1 million, features an ensemble cast of Africaโ€™s most well-known actors, including Richard Mofe-Damijo, Alex Usifo, Sam Dede, Taiwo Ajayi-Lycett, Denola Grey, Shaffy Bello and Ireti Doyle.
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Benjamindada
Benjamindada
Sep 17, 2023
Kenya's President William Ruto Woos Tech Investors in Silicon Valley: What You Need to Know ๐Ÿ‡ฐ๐Ÿ‡ช
On Friday, Kenya's president, William Ruto was at Silicon Valley in San Francisco to woo American tech investors and companies to invest in the East African country, as part of the US-Kenya Business Roadshow.
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Benjamindada
Benjamindada
Sep 14, 2023
Flutterwave's Graduate Trainee Program Yields 85% Full-Time Hires Amidst Tough Job Market
Amidst global layoffs and rising unemployment, Flutterwave has hired 85% of its 200 graduate trainees as full-time employees, after a 12-month-long paid traineeship. A year after Flutterwave launched its Graduate Trainee Program, the African fintech unicorn has hired about 85% of the 200 graduate trainees that participated in the inaugural cohort of the programme.
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Benjamindada
Benjamindada
Sep 14, 2023
Namibia's Internet Evolution: Assessing the Path Forward ๐Ÿ‡ณ๐Ÿ‡ฆ
Recently, Namibia's Ministry of Information and Communication Technology (MICT) together with UNESCO and the Internet Scientific Society, held consultative meetings to assess how best to develop policies and create practical initiatives enabling Namibia to improve its internet ecosystem.
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Benjamindada
Benjamindada
Sep 14, 2023
WhoGoHost Acquires SendChamp to Expand Digital Services for African Businesses
West Africaโ€™s largest cloud infrastructure company, WhoGoHost, has acquired SendChamp, a Nigerian cloud communications startup that powers online messaging for African businesses for an undisclosed amount.
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Benjamindada
Benjamindada
Sep 13, 2023
Yellowcard and Moonpay Partner to Enhance Crypto Accessibility in Nigeria ๐Ÿค๐Ÿฝ ๐Ÿ‡ณ๐Ÿ‡ฌ
In a move to boost accessibility of cryptocurrencies, Yellowcard, one of the largest cryptocurrency exchanges in Africa had partnered with Moonpay, a global leader in cryptocurrency space. The partnership aims to enable African peer to peer trading of cryptocurrencies through bank transfers.
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Benjamindada
Benjamindada
Sep 12, 2023
WhatsApp and NBA Star Giannis Team Up to Provide Mother-Tongue E-Books for Nigerian Kids ๐Ÿ“–๐Ÿ‡ณ๐Ÿ‡ฌ
WhatsApp has partnered with NBA Star Giannis Antetokounmpo to make a meaningful impact in Nigeria's education landscape. A staggering 75% of Nigerian children aged seven to 14 cannot read a simple sentence or solve basic math problems. To address this issue, WhatsApp and Giannis are collaborating with NABU, a digital publisher, to offer free children's eBooks in local Nigerian languages, starting with Igbo.
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Benjamindada
Benjamindada
Sep 12, 2023
7 Pioneering Angel Networks Fueling Africa's Startup Revolution
Angel Investment in Africa has recently grown rapidly alongside the development of the tech ecosystems, which have greatly increased the number of investable opportunities.
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Benjamindada
Benjamindada
Sep 12, 2023
Smile ID Introduces Smile Links: A No-Code Gamechanger for Swift Identity Verification
Smile ID, a leading provider of biometric identity verification solutions, has today announced the launch of Smile Linksโ€”a no-code solution that lets businesses verify customers faster.
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Benjamindada
Benjamindada
Sep 11, 2023
Empowering Innovation: 61 Female-Led Tech Startups Reshaping Nigeria's Future
Nigeria's tech landscape has seen remarkable growth in recent years, with an impressive cohort of female-led startups making waves in various sectors. These women entrepreneurs are driving innovation, creating jobs, and contributing significantly to the nation's economic development.
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Benjamindada
Benjamindada
Sep 11, 2023
Interswitch Partners with Google Pay to Boost Nigerian Payment Gateway ๐Ÿ‡ณ๐Ÿ‡ฌ
Interswitch has announced today that it will support Google Pay on its payment gateway. This will allow merchants to store payment details within Google Wallet.
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Benjamindada
Benjamindada
Sep 8, 2023
InstaDeep Expands AI Research with New Office in Rwanda ๐Ÿ‡ท๐Ÿ‡ผ
Tunisian-born and London-headquartered AI startup, InstaDeep says it plans to launch an office in Kigali, the capital city of Rwanda. Karim Beguir, InstaDeep CEO disclosed this yesterday at Deep Learning Indaba, the annual meeting of the African machine learning and artificial intelligence community with the mission to strengthen African AI.
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Benjamindada
Benjamindada
Sep 7, 2023
34 Influential Female Angel and Venture Capital Investors Shaping Africa's Tech Ecosystem
In a transformative era for technology and economic growth in Africa, women are taking the lead in the investment landscape. This list introduces you to 34 remarkable female angel and venture capital investors who are driving innovation, change, and gender equality across the continent's tech ecosystem. From Nigeria and Kenya to emerging hubs like Cameroon and the Democratic Republic of Congo, these women are champions of innovative startups and vital contributors to Africa's digital tech boom.
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Benjamindada
Benjamindada
Sep 5, 2023
Catalyst fund close $40M fund to propel climate innovation in Africa
Today, the Catalyst Fund, a pioneering pre-seed venture capital fund and accelerator focused on driving climate resilience innovation in Africa, proudly announces the successful first closing with over 20% of its targeted US$40 million fund closed.
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Benjamindada
Benjamindada
Sep 4, 2023
Okra Solar raises $12M to power mesh-grid electrification in Africa โšกโšก
Cleantech startup, Okra Solar has raised a $12 million Series A to enable mesh-grid electrification in Africa. Over 700 million people worldwide still live without access to electricity, and with status quo efforts this number will increase by 2030. This challenge presents an opportunity for mesh grids, a technology that has rapidly established itself as a game-changer in this industry.
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Benjamindada
Benjamindada
Sep 4, 2023
Wasoko expands to the Democratic Republic of Congo ๐Ÿ‡จ๐Ÿ‡ฉ
Africaโ€™s largest B2B e-commerce network launches cross-border operations into DRC leveraging its existing e-commerce hub in neighbouring Rwanda. Wasoko, the African e-commerce company using innovative technology to transform the informal retail supply chain, has today announced its expansion into the Democratic Republic of Congo (DRC) leveraging its existing ecommerce hub in neighbouring Rwanda.
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