Year 5 | Edition 35 | 9 June 2022
 
MFS Africa acquires US-based tech company Global Technology Partners

MFS Africa, Africa’s digital payments network, announced it has reached an agreement to buy US-based tech company Global Technology Partners (GTP).

Based in Tulsa, Oklahoma, GTP is the number one processor for prepaid cards in Africa, with over 80 banks – including UBA, Ecobank, BIA, Stanbic, Coris, NSIA and Zenith Bank – using its platform. GTP’s client base covers 34 countries and is fully connected to the Visa, Mastercard, GIM, GIMAC and Verve networks for which it provides the processing...

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DCO, Smart Africa sign MoU to enhance the growth of digital economy in Africa

The Digital Cooperation Organization (DCO) and the Smart Africa Alliance (SA) have joined forces to promote common interests towards digital transformation in Africa. 

The partners will engage in joined activities such as enhancing cross-border data flows, focusing on digital empowerment of women, youth and entrepreneurs and supporting the creation of a favourable business environment for innovation-drive enterprises (IDEs) to grow and thrive.  Exchanging knowledge in governance, strategy development, initiatives funding will...

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Government launches first coding syllabus for primary and secondary schools in Kenya

The Kenyan government through the Ministry of ICT has officially unveiled the coding and computer programming syllabus for public schools in the country. 

The syllabus will be implemented in partnership with education technologies firm, Kodris Africa across the country in primary and secondary schools under the Kenya National Digital Master plan 2022-2032. It will be applied in conjunction with the Ministry of Education and the ICT Authority through the Digital Literacy Programme (DLP). Speaking during the unveiling...

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[Kenya] Airtel in new initiative to promote e-waste recycling

Airtel Kenya, a subsidiary of Airtel Africa, has reiterated its commitment to promoting the recycling of electronic waste across the firm by building awareness among staff and partners, as well as providing safe disposal mechanisms. 

During this year’s World Environment Day, staff of Airtel Kenya brought electronic waste from their homes for safe disposal. The initiative is part of Airtel Africa’s sustainability strategy and aims to eliminate hazardous waste, while significantly...

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[South Africa] Hello Pay launches Business Solution package to support SMEs and informal entrepreneurs

The informal sector accounts for about 18 percent of South Africa’s GDP, with over three million workers engaged in the informal economy.

In addition, an estimated 2.9 million migrants reside in South Africa, many of whom struggle to access financial services in order to start small businesses like spaza shops, salons and kiosks. That’s an incredible portion of the population that remains underserved in the financial sector, unable to access or otherwise afford the services needed to grow their...

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PayU launches in Ghana with new product offerings

PayU, the online payment service provider operating in 50 emerging markets, has announced that it is strengthening its foothold in Africa with expansion into Ghana and a number of strategic product updates: Payflex in South Africa, as well as both Scan to Pay and Pay by USSD in Nigeria.

Across Africa, Buy Now Pay Later (BNPL) services are gaining traction with digitally savvy and unbanked populations looking to leverage the instalment-based payment solution. Launched in 2019, Payflex is considered the first and largest BNPL...

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Nigerian fintech startup Indicina raises $3m seed funding to expand into other African markets

Nigerian fintech startup Indicina announced it has raised $3 million in seed funding round to foster its commitment to the credit value chain. This round was led by Target Global with participation from Greycroft and RV Ventures. Ricardo Schaefer, Partner at Target Global will also join the Board.

Indicina is focused on building API-driven credit infrastructure for Africa. This funding round will accelerate Indicina's expansion into other African markets. It will also enable the startup to reinforce its key product offerings, build more...

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Mastercard strengthens digital payment capabilities across EEMEA

For the digitally connected consumer who seeks immediacy and convenience, Mastercard’s Digital First program delivers an innovative and secure experience that makes it easier to pay and enjoy the value of the card in ways that personally matter.

Backed by the speed and security of Mastercard’s global network – including the Mastercard Processing platform to enable instant issuance – the Digital First program offers consumers the ease of applying online, instant digital card...

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We’re not killing the reverse call feature, Safaricom CEO says

Safaricom CEO Peter Ndegwa has refuted claims that the telco is planning to kill its reverse call service. The CEO made this clarification following online reports that the service will be abolished from Safaricom’s network. Ndegwa says the service is here to stay.

”I have received many queries on whether we are ‘killing’ our reverse call service. This is untrue. We continue to provide this service as it addresses a key need to a large part of our customer base.” he said in a tweet. Safaricom introduced...

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GreenHouse Capital announces 13 African startups selected for the Microsoft Scale-up Accelerator

GreenHouse Capital has announced the 13 African startups that have been selected for Microsoft scale-up accelerator program. The programme is targeted at startups a the pre-series A stage looking to expand into new markets. The selected companies include six male-founded and seven female-founded.

Nigeria has the most beneficiary  with nine firms namely Ourpass, One Health, GetEquity, Oystr, Chekkit, Eight Medical, Herconomy, Pharmarun and Mobiele. Kenya is represented by BuuPass, Gobeba and Zydii, while Tanzania's...

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Africa’s technology ecosystem poised for exponential growth, Endeavor Nigeria report

Africa’s technology ecosystem is set for a period of exponential growth, accelerated by strong market fundamentals and the impact of the COVID-19 pandemic. This is according to a new report from Endeavor Nigeria, the leading community of high-impact entrepreneurs in Nigeria

The report, titled “The Inflection Point: Africa’s Digital Economy Is Poised To Take Off”, reviewed key events in Africa’s technology ecosystem from the last few years, identified patterns (especially in the context of other...

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[UNICAF] Scholarship Opportunities

Unicaf is an online and blended learning higher education platform that is dedicated to making higher education of international standard accessible, by offering scholarship opportunities to professionals and young school leavers.

What are scholarship opportunities?

A scholarship could be defined as financial aid that relieves the burden of tuition fees and living costs that students and families have to pay to secure a place in secondary and tertiary education. Considering the rising costs of student expenses and debts, we could nowadays describe education...

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The Africa Trade Expo (TATE) | Virtual Conference and Trade Show | 9 March 2022 - 9 March 2023

The Africa Trade Expo (TATE) presents direct access to African buyers whose main aim is to source the latest products, establish partnerships, and conclude import/export deals. TATE is an ongoing virtual trade show for African businesses to network, collaborate, and enter into partnerships with international manufacturers and exporters. Present your new opportunities, network, build relationships and grow your business in African markets...

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Future Foods | African Food & Beverage Industries Virtual Conference & Trade Show | 9 March 2022 - 9 March 2023

Future Foods is a virtual meeting place for importers, F&B managers, retail category buyers, owner-operators, agents, and distributors from across Africa’s diverse and booming market to come to conferences, to network, meet exhibitors, source products, new ingredients, retail shelf-ready products, and the latest processing, packaging, and logistics solutions. Future Foods connects attendees exhibitors across the...

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[Columnl] Andrej Sonkin: The dangers of ignoring the human side of enterprise security-

Enterprise security that doesn’t properly consider the end-user is doomed to failure. With more devices in the hands of employees than ever before organisations risk exposing themselves to cyber threats if their security solutions and services don’t factor in how individuals will actually use them.

Since the COVID-19 pandemic, every industry has embraced hybrid working to some degree and Covid-19 has changed the way we work forever. Every industry is embracing some form of hybrid working and mobile workers are predicted to make...

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[Column] Andrew Ngunjiri: The state of the cloud in Africa - A partner's perspective

The cloud in Africa is undergoing massive transformation and acceleration. There has been a huge uptake in cloud services, especially when it comes to SMEs turning towards hyperscalers. Meanwhile, more prominent organisations and governments have been embracing the private cloud. 

An EY study has highlighted a new wave of investments spreading across Africa centred on companies migrating to the cloud as they look at becoming more efficient while reducing their operational costs. Closer to home, the Kenyan market...

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[SLVA Cybersecurity] The evolution of vulnerability management

As organisations focus on digitally transforming their enterprises, cybersecurity professionals have been facing an expansion of their attack surface – compounded by the digital explosion during the pandemic.

Almost every category of cyberattack increased over the course of 2021. The number of encrypted threats spiked by 167 percent, ransomware rose by 105 percent, and intrusion attempts climbed by 11 percent. Cyber economy research giant Cybersecurity Ventures expects global cybercrime...

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[Column] Matone Ditlhake: The end of the road for telcos

The telecommunications sector continues to build digital infrastructure but the margins are increasingly coming under pressure because it is capital intensive to erect masts or lay fibre underground.

Specifically, it puts return on investment in infrastructure for network operators at a marginal level. The pressure on margins and cashflow is immense, they need to find innovative ways to deliver stable communications infrastructure at a lower cost. Policymakers urgently need to consider the full...

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[Column] Alexandra Fraser: Angel investors plugging the early-stage funding gap in sub-Saharan Africa

One of the biggest challenges facing entrepreneurial startups in sub-Saharan Africa is funding – particularly early-stage financial support – even though the landscape across the region has evolved over the past few years with more funders and capital deployed in this space.

This has been driven primarily by a growing appetite for alternative investments, successful recent exits, e.g., Paystack in Nigeria, and the fact that startup investments have become more accessible. However, this capital increase is not evenly...

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[Africa Tech Review] Nixon Kanali: Digital economy to reach $712 billion by 2050

Africa’s digital economy continues to show massive potential accelerated by strong market fundamentals and the impact of the COVID-19 pandemic. According to a new report from Endeavor Nigeria, the leading community of high-impact entrepreneurs in Nigeria released this week, the ecosystem is expected to reach $712 billion by 2050.

The revelation came at a time when a number of tech companies in the continent continue to invest in talent. In Kenya, Huawei this week upped the tempo of absorbing more Kenyan technology professionals by kicking off its national...

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News Headlines

05-07-2022 | 13:04:00
Amazon Egypt launches valU's BNPL services for consumers to avail convenient installment plans
Amazon Egypt (amazon.eg) is introducing installment plans through valU, the BNPL lifestyle-enabling fintech platform in MENA, to enhance its shopping experience and provide customers in Egypt flexible and affordable payment options.


05-07-2022 | 10:59:35
Vertiv appoints new EMEA leadership team to support its customer success in the region
Vertiv, the global provider of critical digital infrastructure and continuity solutions, announced changes to its Europe, Middle East & Africa (EMEA) senior leadership team to support its customer success in the region


05-07-2022 | 10:18:05
Education Tech partners with Pearson to provide English language learning solutions in Algeria
Education Tech, the provider of innovative technological solutions serving education in Algeria, has partnered with Pearson, a global learning company, to open doors to new opportunities in the field of education.


04-07-2022 | 15:24:00
Kaspersky discovers a new backdoor targeting governments and NGOs across the Middle East, Turkey and Africa
Kaspersky experts have brought to light a poorly detected SessionManager backdoor that was set up as a malicious module within the Internet Information Services (IIS), a popular web server edited by Microsoft.


04-07-2022 | 13:07:00
Ex-Mollie CEO Gaston Aussems takes over TPAY MOBILE operations
Leading mobile payments provider across the Middle East, Africa, and Turkey, TPAY MOBILE, has appointed Gaston Aussems, previously CEO of Mollie as its new CEO.


04-07-2022 | 12:51:00
[Nigeria] Bluechip Launches Primo Academy To Upskill African Data Professionals
Bluechip Technologies has launched Primo Academy, a six-month programme designed to equip aspiring data professionals with the required skills to kickstart their careers in the data and emerging technologies industry.


04-07-2022 | 12:10:00
CoinMENA joins Visa’s Fintech fast track program
CoinMENA, a leading digital assets exchange in the Middle East and North Africa (MENA), announced that it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa, a world leader in digital payments.


04-07-2022 | 12:00:39
YAP expands to Egypt and Ghana
YAP, the leading fintech revolutionizing the digital banking experience in the Middle East, Africa, and South Asia, said that it had raised US$41 million to fund its operations and growth.


04-07-2022 | 11:39:19
ScienceLogic expands reach to South Africa amid demand for AIOps
ScienceLogic, a player in AIOps and other hybrid cloud IT management solutions, announced the expansion of its global footprint to South Africa.


04-07-2022 | 11:24:49
realme and Jumia join forces to boost smartphone adoption in Africa
Jumia has signed an MoU with realme, the world's fastest-growing smartphone brand, which would provide millions of consumers in Africa access to innovative and trendsetting devices with the latest technology.


04-07-2022 | 11:20:00
[South Africa] SAS renews its partnership with NWU to develop data science skills
SAS has renewed its Global Academic Program (GAP) partnership with the Centre for Business Mathematics and Informatics (BMI) at North-West University (NWU) for another five years, extending its impact in data skills development.


04-07-2022 | 08:27:00
Softline bolsters Middle East and Africa presence through acquisition of Seven Seas Technology
Softline the global IT and digital transformation solutions provider has today announced the signing of an agreement to acquire UAE-based Seven Seas Technology (SST).


04-07-2022 | 08:18:00
[Column] Sumeeth Singh: CFO becomes key to organisational cloud future
The cloud is no longer something only the CIO needs to take responsibility for. Modern CFOs fulfil a critical role in helping get organisations cloud-ready.


04-07-2022 | 08:07:00
CMM PR launches 3rd edition of mentorship programme for African female tech founders
C. Moore Media, International Public Relations (CMM), a New York-headquartered PR agency focusing on the US, UK, and African markets has announced the launch of the third edition of The Future is Female Mentorship Program.


04-07-2022 | 07:38:02
Ashish Malhotra appointed new Airtel Kenya MD
Mr. Malhotra takes over from Mr. Prasanta Das Sarma who is moving to a new role as the Fiber Company CEO for Airtel Africa.


 


 
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