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Ventures Platform closes Fund II at $84M amid global venture slowdown
Ventures Platform, Africa’s leading seed-stage fund, has announced the final close of its second institutional fund – VP Pan-African Fund II (VP PAF II)– at $84 million, exceeding its original target of $75 million. Achieved just three years after the…
Kenya Built a Currency Control While It May Not Need One
EBC Financial Group notes that Kenya’s new virtual asset regulations created a restriction on local access to foreign dollar-linked stablecoins before the shilling came under pressure, giving the Central Bank of Kenya a way to limit that access if demand…
Microsoft announces East Africa Country Lead
Microsoft has announced the appointment of Angela Nganga as the Country Lead for East Africa. A long-standing member of the Microsoft Middle East and Africa (Emerging Markets) leadership team, she brings extensive experience in government engagement, strategic business development, stakeholder…
MoMo Payment Service Bank (PSB) appoints Bode Abifarin CEO
MoMo Payment Service Bank (MoMo PSB), the fintech subsidiary of MTN Nigeria licensed by the Central Bank of Nigeria to provide digital financial services, money transfers and bill payments via mobile devices, is pleased to announce the appointment of Bode…
My AI Lawyer puts affordable legal advice in your pocket
My AI Lawyer has launched in South Africa, offering an affordable artificial intelligence legal advisor you can access online and at any time. Available on the web and via WhatsApp, the platform provides you with practical, on-demand guidance on everyday…
GSMA: Digital Reforms Could Create 490,000 Jobs in Malawi by 2030
Malawi could generate an additional MWK1.1 trillion in economic value and create 490,000 jobs by 2030 if it introduces reforms aimed at accelerating mobile internet adoption, according to a new report from the GSMA. The report, Driving Digital Transformation of…
WSO2 Opens First Africa-Based Office in Johannesburg, Deepening Investment in the Continent’s Modernization
WSO2, a leader in enterprise digital infrastructure technology, today announced the opening of its first Africa-based office in Johannesburg, South Africa, underscoring the continent’s growing importance to the company’s global business. The investment comes as governments, banks, telecommunications providers, and…
Comsol enters wholesale 5G home broadband market with backing from new shareholdersÂ
Comsol, a South African fixed wireless connectivity and private network operator with a history spanning nearly three decades, is entering the home broadband market as a wholesale provider of 5G infrastructure. The move is backed by two new shareholders: Platform…
The future of AI in South Africa must be built, not imported
South Africa has learned repeatedly that access to strategic infrastructure and control over it are not the same thing. From mining and electricity to rail and telecommunications networks, the country’s economic trajectory has often been shaped by who owns critical…
South Africa: WhatsApp-based workforce management platform raises $8.4m
Jem, the WhatsApp-based workforce management platform for deskless teams, has raised an $8.4m Series A funding round led by global fintech investor Quona Capital. The investment will support Jem’s ongoing growth from an HR and benefits provider into a comprehensive…
100 Standard Bank Branches Now Offer Smart ID Services Nationwide
Standard Bank has expanded its Smart ID service network to 100 branches across South Africa, marking a major milestone in its partnership with the Department of Home Affairs (DHA) and improving access to identity services in rural and underserved communities.…
Why real-time Bank Account Verification is becoming essential for digital onboarding in South Africa
As digital services continue to reshape how consumers open accounts, make payments and access financial products, businesses are under growing pressure to create onboarding experiences that are both secure and seamless. Yet many organisations still rely on manual document uploads,…
New Digital Platform Maps Kenya’s Innovation and Startup Ecosystem
A new independent digital intelligence platform has launched to provide a consolidated view of Kenya’s rapidly evolving innovation ecosystem, bringing together information on startups, investors, government initiatives, funding activity, policy developments and ecosystem trends. The Kenya Innovation Ecosystem Intelligence Platform…
Mozambique: Southern Africa’s emerging industrial platform
Mozambique has spent a decade being defined by one story. It may be time to pay attention to another. The first is well known. The discovery of vast offshore gas reserves in the Rovuma Basin attracted TotalEnergies, Eni and significant…
The New Contenders: How Global Betting Brands Are Betting on South Africa
South Africa has quietly become one of the more interesting entries on the map for international betting operators. Over the past few years, brands that built their names in Europe and elsewhere have looked south, drawn by a market that…
Ethio Telecom, ZTE Advance Network Modernisation as Ethiopia Pushes 4G Expansion
Ethio Telecom and Chinese network equipment vendor ZTE are advancing a large-scale network modernisation programme as Ethio telecom seeks to expand high-speed mobile connectivity and accelerate the digitisation of Ethiopia’s economy. Ethio Telecom CEO Frehiwot Tamru met a ZTE delegation…
