November 15, 2024
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Category: Technology

Subsequent Wave: Possibly Africa must pause its rush to undertake digital IDs
Technology

Subsequent Wave: Possibly Africa must pause its rush to undertake digital IDs

First published 12 November 2023 African governments are pushing for digital IDs without informing people of their privacy implications. Many African countries plan to gradually phase out traditional IDs with digital alternatives. This transition has…

fifth version of Subsequent Fintech Discussion board to be held in Abidjan
Technology

fifth version of Subsequent Fintech Discussion board to be held in Abidjan

Now in its fifth year, Abidjan’s Next Fintech Forum (NFF), one of the largest fintech events in Francophone Africa, is organising its event around the theme “Fintech and Commerce: How Fintech will shape commerce in…

$500m Wigwe College ushers Entry Financial institution CEO into the circle of college homeowners
Technology

$500m Wigwe College ushers Entry Financial institution CEO into the circle of college homeowners

Herbert Wigwe, co-founder of Access Bank—the country’s biggest bank by assets—is building a $500 million eponymous university in his hometown in Nigeria’s oil-rich Rivers State. Wigwe told Bloomberg this week that Wigwe University will offer…

MultiChoice invests an extra $27 million into Showmax relaunch
Technology

MultiChoice invests an extra $27 million into Showmax relaunch

MultiChoice, the pan-African broadcaster that reported $131m in revenue in 2022, has invested R500 million (~$27 million) in Showmax, its streaming service, ahead of a late-2024 relaunch. This is according to a statement the company…

Uganda joins East Africa’s push to draw tech traders
Technology

Uganda joins East Africa’s push to draw tech traders

Uganda, the landlocked Pearl of Africa, held an investor summit today as it joins the race to be East Africa’s tech destination of choice. The summit was led by the Minister of Science, Technology and…

Emata’s collateral-free loans helps smallholder farmers thrive in Uganda
Technology

Emata’s collateral-free loans helps smallholder farmers thrive in Uganda

Emata, the agro-financing startup in Uganda, is leveraging farmer cooperatives and whatsapp chatbot in Uganda to disburse collateral free loans to small holder farmers in the country.  Emata, a two-year-old agro-financing startup for small-holder farmers…

Bolt Meals pulls the plug on Nigeria operations
Technology

Bolt Meals pulls the plug on Nigeria operations

The food delivery service which launched in 2021, has cited strategic reasons for shutting down in the country.  Nigerians will no longer be able to place food orders on the Bolt Food app as Bolt…

Flutterwave obtains worldwide transfers license in Malawi
Technology

Flutterwave obtains worldwide transfers license in Malawi

Flutterwave has been granted a license to facilitate remittances into Malawi. The country’s remittances market makes up 2% of its GDP according to the World Bank. Flutterwave, the African payments company,  has secured a licence…

WeWork SA eyes enlargement amid chapter submitting by franchiser
Technology

WeWork SA eyes enlargement amid chapter submitting by franchiser

WeWork South Africa is accelerating its expansion plans as the rise in popularity of hybrid work sees a boost in demand for flexible office spaces. WeWork Inc. filed for bankruptcy this week, however, WeWork South…

Unique: Paystack deepens its cost play with direct debit
Technology

Unique: Paystack deepens its cost play with direct debit

Paystack, the Nigerian fintech giant, is launching a direct debit product in partnership with NIBSS, which operates Nigeria’s instant payments infrastructure.  Paystack, the Stripe-owned fintech, is launching a direct debit product that will allow Nigerian…

Prolific VC agency MaC Enterprise Capital shares its funding thesis for Africa
Technology

Prolific VC agency MaC Enterprise Capital shares its funding thesis for Africa

In a fireside chat at the Moonshot by TechCabal Conference, Marlon Nichols, a managing general partner at MaC Venture Capital, a firm with over $20 million invested in Africa, shares his investment thesis. Funding for…

CV VC needs to speculate $20 million in African crypto startups. Right here is how
Technology

CV VC needs to speculate $20 million in African crypto startups. Right here is how

Ask An Investor episode featuring Brenton Naicker, principal and head of growth at Crypto Valley VC (CV VC)’s Africa operations. According to data by ChainAnalysis, Sub-Saharan Africa has the smallest crypto economy of all regions,…