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Cape City Inventory Trade raises  $5 million to enhance the market’s capital and funding elevate expertise

Cape City Inventory Trade raises $5 million to enhance the market’s capital and funding elevate expertise

The Cape Town Stock Exchange (CTSE) has announced the closing of a $5 million oversubscribed funding round led by a new investor—Imvelo Ventures, a venture capital investment company founded by Capitec Bank and Empowerment Capital…

Binance customers can now make South African Rand (ZAR) deposits and withdrawals

Binance customers can now make South African Rand (ZAR) deposits and withdrawals

The world’s largest cryptocurrency exchange by volume of transactions, Binance, has announced that its users will now be able to deposit and withdraw the South African Rand (ZAR) to and from their Binance wallets.  According…

Amidst world funding downturn, Microtraction pronounces a $15 million first shut of its group fund

Amidst world funding downturn, Microtraction pronounces a $15 million first shut of its group fund

For most of 2022, founders globally have had one question: where are investors, and why aren’t they deploying funds into our brilliant startups? Some investors have blamed the funding winter on the economic recession, others…

The Subsequent Wave: Africa must shed the “mobile-first” garb

The Subsequent Wave: Africa must shed the “mobile-first” garb

Mobile technology in Africa first shot to fame in the mid-2000s, quickly establishing dominance over the landline. In time, mobile technology and the mobile phone became the defacto way to do digital innovation in Africa.…

TC Crossword

TC Crossword

Uncategorized By Ngozi Chukwu 20th August 2022 Source: Dictionary.com gghh Get the best African tech newsletters in your inbox TC Daily Next Wave Events More from this author Newsletters TC-Weekender-Bolt shrinks in Tanzania Ngozi Chukwu…

TC-Weekender-Bolt shrinks in Tanzania

TC-Weekender-Bolt shrinks in Tanzania

Editor’s Note Week 33, 2022 Read time: 5 minutes This week, we saw interesting developments, especially in the telecom, logistics, and mobility industries across Africa. The stories reminded me that the road won’t always be…

Save in {dollars} in Nigeria with these apps

Save in {dollars} in Nigeria with these apps

Globally, currencies sometimes experience value fluctuation. However, due to severe economic issues, Nigeria’s naira has incessantly experienced more critical depreciation than subtle fluctuations. This consistent devaluation makes it frustrating to save in naira. Because while you…

Kenyan agritech, iProcure, raises $10.2 million Collection B to drive East African enlargement

Kenyan agritech, iProcure, raises $10.2 million Collection B to drive East African enlargement

Image Source: iProcure iProcure, a Kenyan agritech startup, has recently secured a $10.2 million Series B financing led by Investisseurs & Partenaires. The funding, structured as debt and equity, will support iProcure’s expansion into Uganda…

Nigerian e-commerce platform, Omnibiz, raises $15 million pre-Sequence A

Nigerian e-commerce platform, Omnibiz, raises $15 million pre-Sequence A

Image Source: Omnibiz Omnibiz, a Nigerian B2B e-commerce company, has recently secured a $15 million pre-Series A investment led by Timon Capital. The raise is structured as a $5M equity and $10M debt investment deal…

South Africa Reserve Financial institution discourages banks from reducing off crypto asset service suppliers

South Africa Reserve Financial institution discourages banks from reducing off crypto asset service suppliers

The South Africa Reserve Bank (SARB)’s Prudential Authority has issued a guidance note to banks for dealing with transactions by crypto asset service providers (CASPs).  In the note signed by the Prudential Authority CEO Fundi…

Prime 5 freelance platforms to promote your tech expertise in Nigeria

Prime 5 freelance platforms to promote your tech expertise in Nigeria

The transitions and definitions of work systems have significantly evolved over the past few years. Statistics show that the pandemic was an eye-opener for African individuals and organisations. Specifically, the possibilities for tech skill owners…

South Africa’s Uber and Bolt Drivers go on a city-wide strike in Cape City

South Africa’s Uber and Bolt Drivers go on a city-wide strike in Cape City

Drivers of popular ride-hailing apps Uber and Bolt in Cape Town have suspended their business activities and embarked on a strike to express their discontentment with the ride-hailing ecosystem in the country. The disgruntled drivers…