Funding
Morroco’s Z.Systems Secures $1 Million To Back Traditional Retailers
At present, z.systems is a rapidly scaling startup dedicated to enhancing the competitiveness of Morocco’s small, independent retailers — locally known as “hanouts.”
Category
General
Reporting filed under General.
Showing 21–38 of 38 articles
Funding
Seedstars Africa Lands $42 Million In Seed Funding, Sets Focus On Series A Startups
The fund has already deployed $10 million to five startups operating across eight African countries, collectively serving over 60 million people.
Funding
Egypt Closes In On Fund of Funds Initiative To Support Local VCs
In an interview with Al Sharq Bloomberg Channel, Al-Abd highlighted the aim of the program’s expansion which was to reinforce Egypt’s growing startup ecosystem while extending its reach to growing African and Arab markets.
M&A
MTN Joins The Space Internet Fray With LEO Satellite Partnership
The idea of a partnership with LEO satellite providers comes off the back of the recent MTN 5.5G trials, which is the first of its kind in Africa.
Startups
Yellow Card Obtains South African CASP License
“We look forward to building on our licence stack in South Africa and exploring how that will enable further opportunities, not only in South Africa and the SADC region, but across the continent,” the company said.
Startups
Andela Forms Crucial Partnership With CNCF, Aims To Produce 20,000 African Cloud Professionals
Andela has been in the limelight for nurturing African talent. Now it has gone further to build on its success, already training 15% of Africa’s 716,000 cloud engineers
M&A
Starlink Gets Approval To Launch Its Internet Services In Chad
Chad’s Communications Minister, Boukar Michel, emphasised the importance of this partnership, stating, “A large part of our territory is not covered by fibre optics, and I believe that Starlink will help us bridge this gap.”
FinTech
Natsave Collaborates With Airtel Money To Launch Fikiliza Overdraft
This feature is particularly useful for individuals and small business owners who may lack access to traditional banking services. It will be providing them with a convenient and secure means to obtain short-term credit.
FinTech
Access Bank UK Acquires Mauritius’ Fourth Largest Bank
“Mauritius, renowned for its robust financial services sector, which contributes 13.4% to its gross domestic product, provides Access UK with a solid foundation to expand its operations in the high-growth personal and corporate banking segments.”
M&A
Starlink Halts New Sign-ups Amid Network Congestion
“No roaming plans are available in Kenya at this time. Starlink is working to restore service in the disrupted areas and a notification will be sent once the residential plan is back,”
M&A
KETRACO, Adani Sign Landmark $736 Million Deal For Kenyan Power Transmission Lines
“This agreement initiates a transformative effort to develop, finance, construct, operate, and maintain essential transmission lines and substations across Kenya.”
FinTech
Mastercard Partners With Amazon To Boost Digital Payments in Egypt and South Africa
As a crucial part of the collaboration, Amazon will adopt Mastercard Gateway as a payment solution that will be made available in 40 markets in the region
Startups
Starlink Flags Off Operations In Zimbabwe
Elon Musk-owned satellite company continues to make inroads into Africa
FinTech
Flutterwave Appoints New CFO Nine Months After Former CFO Resigns
Mitesh Popat Replaces O’Neal Bhambani as Chief Financial Officer
FinTech
NALA Expands Its Operations in Uganda After Acquiring IMTO License
Tanzanian FinTech Startup, NALA Follows in Flutterwave’s Market Entry as it obtains a Money Remittance License in Uganda
FinTech
Flutterwave Secures Bank of Uganda License to Empower Seamless Payments
Flutterwave gets major boost to its operations in Uganda as it finally secures a Payment Systems Operator (PSO) license from the Bank of Uganda. This will enable businesses in the country to access its payment solutions. This license will enable businesses in Uganda to make single and bulk payouts to suppliers, employees, and partners. This
M&A
IHS Towers Lays Off 100 Employees as Profit Margins Decrease
Currency devaluation results in $1.9 billion in losses in the 2023 fiscal year
Funding
Waza Bursts Into The Scene With $8M Global Trade Boost For African Businesses
Payments and liquidity platform aims to solve trade deficits resulting from increasing demand for the dollar