Year 5 | Edition 38 | 21 June 2022
Proparco joins forces with Digital Africa to provide financing solutions for African tech startups

As part of its 2022-2025 roadmap, Digital Africa, in partnership with Proparco, will support 200 African startups at different stages of their growth with a wide range of offers at their disposal.

This joint and sustainable mobilization will see new investment and support mechanisms being implemented to support tech startups 'Made in Africa'. Convinced that digital innovations have a uniquely transformative impact across all sectors of the economy and are a driver of change for the continent...

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Eaton to expand collaboration with Microsoft on grid-interactive UPS technology

Intelligent power management company Eaton has announced it will expand its collaboration with Microsoft to accelerate applications of its EnergyAware uninterruptible power system (UPS) technology in key segments worldwide.

The expansion is part of a new strategic framework agreement between Eaton and Microsoft designed to address major industry developments including digital transformation, sustainability and the energy transition. A key element of the strategic framework agreement is the inclusion of Eaton’s...

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Alhokair Family enters agreement to acquire minority stake in MENA’s BNPL valU

valU, MENA’s Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced that Fawaz Abdulaziz Alhokair, Salman Abdulaziz Alhokair, and Abdul Majeed Abdulaziz Alhokair (Alhokair Family), have entered into an agreement to acquire a 4.99% stake in valU through a capital injection of $12.4 million, signifying a valuation of $247.4 million for the company.

Currently subject to relevant regulatory approvals and satisfaction of certain conditions precedent, the transaction marks Alhokair Family’s first investment in a BNPL platform in Egypt, underscoring valU’s strength in the market and...

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Ugandan fintech platform Tugende closes pre-Series B investment round to accelerate growth

Tugende, the East African fintech platform providing asset financing and digital services to small businesses, announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.

Existing investors including Mobility 54, Enza and Global Partnerships participated, and were joined by strong new partners including global financial inclusion fund Women’s World Banking Capital Partners II (WWBCP II). CJ Juhasz, Chief Investment Officer, Women’s World Banking Asset...

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Kyndryl names Andreas Beck as Managing Director for Middle East and Africa

IT infrastructure services provider Kyndryl has announced the appointment of Andreas Beck as the company’s Managing Director in the Middle East and Africa. Andreas takes over from Vickram Nagi who is taking on a new role as Vice President, Delivery Transformation Leader at Kyndryl.

Beck returns to the region with a wealth of experience, working across numerous regions, industries and business units. Most recently, he served as Chief of Staff to Kyndryl’s Group President. Based out of the company’s headquarters...

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Nigerian fintech firm VeendHQ secures $330k pre-seed investment to expand operations, scale growth

Nigerian fintech firm VeendHQ announced it has secured $330k pre-seed fund, backed by Magic Fund, The Oak Capital, Future Africa, Berrywood Capital and other angel investors, to expand its operations and scale growth.

Temi Awogboro, Lead General Partner, Africa at MAGIC Fund: ''African SMEs are grossly under-funded, with more than 50% of Africans lacking access to credit. VeendHQ is solving this problem by providing easy and fast access to credit, leveraging a credit infrastructure platform that automates...

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[Kenya] Insurtech startup mTek secures $3 million funding

On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional  $3 million (KSh 340 million) investment. The new investment is through both debt and equity from African-focused fintech platform, Finclusion Group. 

The intensified cooperation seeks to accelerate mTek’s growth into the Kenyan marketplace through continual improvements to the platform and via the expansion of its customer base. mTek’s Chief Executive Officer, Ms. Bente Krogmann...

Read more announces exclusive play-to-earn gaming partnership with the DRC, a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, announced that its subsidiary, Hulk Labs, has entered into a play-to-earn partnership with the Democratic Republic of Congo (DRC). and Hulk Labs plan to work with several local entities and universities within the DRC to identify and train a group of players to participate in the play-to-earn gaming economy. In addition, will deploy play-to-earn...

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Mastercard signs MoU with Kenya Tourism Board to help boost tourism

Global technology company, Mastercard, has announced the signing of a partnership with the Kenya Tourism Board (KTB) to help Kenya’s tourism sector rebound to its pre-pandemic level. The three-year collaboration is the first of its kind for Mastercard in Africa.

The aim of the MoU is to drive growth of tourism numbers into Kenya by leveraging various Mastercard channels, including its platform. The MoU also includes increasing transparency on tourism trends, anonymized traveler...

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Ransomware attack on Shoprite an important reminder of the role employees play in cybersecurity, Check Point

Check Point Software Technologies Ltd, a leading provider of cybersecurity solutions globally, is reminding African organisations of the importance of cybersecurity training for employees, following the recent cyber-attack on Shoprite Holdings.

Ransomware attacks are currently rife – and increasing – across the African continent. In the first quarter of 2022, Check Point Research has noted a 23% increase in ransomware attacks compared to 2021 – with 1 out of 44...

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Kenya’s smartphone market sees shipments increase despite global shortages, report

Kenya’s smartphone market saw shipments increase 4.5% year on year (YoY) in Q1 2022, according to the latest figures from global technology and consulting services firm International Data Corporation (IDC).

However, the company’s newly released Quarterly Global Mobile Phone Tracker shows that Kenya’s overall mobile phone market was down 9.0% YoY, with feature phone shipments declining 31.6% YoY. Smartphone shipments were up 12.7% from a quarter-on-quarter (QoQ) perspective in Q1 2022...

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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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[Interview] Kate Woolley, Ecosystem General Manager, IBM

Kate Woolley is the IBM Ecosystem General Manager. In this interview, she talks about her priorities and her big plans for growing the IBM Ecosystem.

What prompted you to take the IBM Ecosystem leadership role?

When I look at the future of IBM the chairman and CEO Arvind Krishna has defined and that we’re executing towards, there are three big priorities – Hybrid Cloud and AI, Innovation and technical expertise, and the ecosystem. In looking at these priorities and where I wanted to go next, I saw the IBM...

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[Interview] Michelle Matthews, Director, Viridian, South Africa

An estimated 45% of young people aged 34 years in South Africa were not in employment, education or training last year according to data released by Statistics South Africa in Q4 of 2021. In 2022, predictions for the South African youth unemployment rate are projected to be as high as 64%.

Following the rising levels of unemployment among young South Africans, the UK-South Africa Tech Hub Launch League initiative undertook a research project dubbed ‘Skills and Training offered by South Africa’s Hub Network: How can...

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[Column] Kevin Dherman: Ways manufacturers can unlock the value of data to drive business intelligence

Data forms the backbone of any manufacturing enterprise. With continuous supply chain disruptions, the allure of data and Business Intelligence (BI) is the ability to look deeper into production, performance, and efficiency.

For today’s industries, the issue isn’t whether they’re generating enough data, it’s whether they’re getting value from that data. SYSPRO research reveals that only 20 percent of manufacturing and distribution businesses have looked at investing in big data analytics tools to process and analyze...

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[Column] Carlo Bolzonello: Demystifying Cyberattacks on Critical Infrastructure

The notion of cyber-attacks seems distant from our daily lives, as we go about our work, social and family lives. Cyber-attacks feel like they happen to big businesses who can quickly bounce back from them after the issue is identified and fixed– just as quickly as we would bounce back from being sick, once the illness was diagnosed and treated. 

Cyber-attacks have the potential to disrupt our lives completely, and in instances where critical national infrastructure is attacked, they could disrupt the country’s entire economy, leading to loss of life and livelihoods...

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[Column] Lorna Hardie: From Generation Z to Baby Boomers – The impact of hybrid working across the generations

When it comes to the discourse around the way we work in the new era of hybrid working, it has never felt more balanced between the technology that enables it and the culture that defines it.

As well as investing in the latest digital experience technologies to support employees wherever they choose to work, organisations are also having to re-think the culture of a workforce that is no longer confined to an office full-time. If making a decision between permanent hybrid working and a return to the office wasn’t hard enough, employers also...

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[Column] Patrick Ndegwa: Kenyan start-ups to benefit from digital transformation following Google investment

Kenya is set to benefit from a $1 billion investment by Google over the next five years to boost digital transformation in Africa. Announced at the company’s Google for Africa virtual event in October, the investment will assist start-ups and entrepreneurs on their digital journeys and help usher in the next era of connectivity for citizens across the continent.

In addition to a previous commitment from Google of $10 million in COVID-19 economic recovery funds to SMEs and technology start-ups, the finances show that private companies have a critical role to play in the country’s full...

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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 ( 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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