Year 5 | Edition 37 | 16 June 2022
 
Microsoft to work with partners to drive digital transformation in Africa’s agriculture

Microsoft has reaffirmed its commitment to working with both the private and public sectors to accelerate digital transformation in African agriculture in order to increase food security for the continent.

Speaking during a virtual roundtable panel discussion on the topic, Microsoft Kenya Acting Country Manager Kunle Awosika said the organisation is committed to continue investing in agritech on the continent, with the goal of developing agritech that enables data-driven, precise and connected farming...

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WhatsApp launches campaign to profle SMEs from across Africa

WhatsApp has announced the launch of the WhatsAppreneurs campaign, profiling small entrepreneurs from Africa who are using the WhatsApp Business app to grow their business and reach more customers.

The campaign will highlight the stories of Small and Medium Business owners in Africa, and help them and others like them learn more about business growth opportunities available with the WhatsApp Business app through a virtual educational webinar. “Across Africa, small and medium business owners...

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African fintech Flutterwave appoints former American Express Executive as new CFO

Flutterwave, Africa's leading payments technology company has announced the appointment of Oneal Bhambani as its new Chief Financial Officer (CFO)

Bhambani joins the Nigerian fintech startup from American Express and Kabbage where he managed fintech products. Kabbage is a subsidiary of American Express that offers a broader set of cash flow management tools to millions of businesses. He was the CFO and Head of Capital Markets at Kabbage. Among other functions, Kabbage provides credit...

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[Kenya] Mozilla launches online data privacy and protection course for SMEs and startups

Mozilla has today unveiled a course for SMEs and startups in Kenya to increase their awareness and capabilities on the use and management of data collected in their day-to-day business operations.

The online course, Lean Data Practices (LDP), will be hosted on Udemy, an open-source online courses provider, and is designed for startups and SMEs who lack adequate knowledge about data privacy and security when handling personal information for customers/clients. Many of these startups...

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Egyptian digital logistics startup Khazenly raises $2.5 million in seed funding to drive product development

Khazenly, the Cairo-based on-demand digital warehousing and fulfilment platform, has announced its successful seed fund raise of $2.5 million.

The funding round was co-led by leading regional venture capitalists Arzan Venture Capital - specialized in innovative, early-stage startups, and Shorooq Partners - focused on seed-stage tech funding across MENAP. Other investors included Fintech-focused fund - Camel Ventures, Averroes Ventures, and various angel investors. Proceeds will be used to...

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Africa Data Centres expands South African footprint with new 20MW facility in Cape Town

Africa Data Centres, part of the Cassava Technologies Group, a pan-African technology group, is pleased to announce building a second data centre in Cape Town, South Africa.

The new 20MW facility will cover 15,000 square meters in eight data halls and is situated on the northern periphery of Cape Town city centre. According to Tesh Durvasula, Chief Executive Officer of Africa Data Centres, there is a clear pipeline of demand for colocation space that cannot be served from the existing Diep River data centre. “The new Cape...

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AfricArena partners with FMO to accelerate tech startups in Ghana, Morocco and Tanzania

AfricArena, the African series of tech events, announced a partnership with FMO Ventures Program, the Rise Open Innovation Challenge, which focuses on accelerating the growth of startups looking to improve the state of Africa and create more sustainable models for positive impact.

On June 14th, 2022, AfricArena turned the startup incubator in the world, Station F, into the stage of African tech entrepreneurship. Over 45+ African startups from seed to growth stage spent the day pitching to foreign markets and...

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MENA Fintech Association launches the second volume of the SHIFT Report

The MENA Fintech Association (MFTA), the leading voice of the region's fintech community, has published the second volume of its SHIFT report. The first volume, “SHIFT – MENA Payments Landscaping”, was published earlier this year and contained everything a fintech needs to know about the region’s payments sector.

In continuation to that, MFTA released the second volume titled ‘A Deep Dive into Cross-Border Payments’, a comprehensive report co-authored by M2P Solutions and Mastercard on the cross-border payment landscape in the...

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Mastercard and EziPay join to provide fintechs more digital commerce solutions for millions in MEA

Mastercard has strengthened its collaboration with major fintech operators by partnering with EziPay to enable millions of consumers across the Middle East and Africa (MEA) to make global digital commerce payments swiftly, safely and securely.

Consumers and merchants can use the Mastercard virtual payment solution, which is linked to the EziPay eWallet and provides a convenient payment gateway service, to perform global digital transactions and connect with brands and businesses around the world, wherever Mastercard is...

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MTN Group appoints Riaan Wessels as Chief Risk Officer

MTN Group announced the appointment of Riaan Wessels as Chief Risk Officer, Fintech, effective 1 July 2022. Riaan has 13 years’ experience at MTN. He first joined the company in 2004, as General Manager: Business Risk Management and returned in 2017 as Group Executive, Risk and Compliance.

“As Chief Risk Officer, Fintech, Riaan will continue to add immense value at MTN by effectively managing risk exposures to the business and ensuring robust processes and controls,” said Serigne Dioum, Group Chief Fintech Officer. Over the...

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Mastercard and Ecobank partner to digitize agricultural value chains in Africa

Mastercard and Ecobank Group have partnered to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard’s Farm Pass – a digital platform that makes it safer and easier for farmers to sell their produce at a fair price.

Under the partnership, Ecobank will extend the reach and impact of the Mastercard Farm Pass platform leveraging its Pan-African network of 33 countries. Many smallholder farmers in Sub-Saharan Africa face several challenges. These include limited access to markets, working capital to finance...

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BCG Digital Ventures launches new innovation centers in India and Morocco

BCG Digital Ventures (BCGDV), the corporate innovation and business-building arm of Boston Consulting Group (BCG), is opening innovation centers in New Delhi, Mumbai and Casablanca, Morocco, placing BCGDV in fast-growing ecosystems for pioneering technology, artificial intelligence (AI), and startup creation.

BCGDV will join an established BCG network presence in India and Morocco, creating the opportunity to leverage the combined efforts of BCGDV with BCG GAMMA and BCG Platinion to transform key markets and industries in each...

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Masa Finance partners with African fintech Pngme to provide DeFi services to emerging markets

Silicon Valley DeFi protocol Masa Finance announced it is partnering with African financial data company Pngme to drive the adoption of DeFi credit services in the region.

The partnership will give DeFi lenders across Nigeria and Kenya with access to more than 250 off-chain financial data sources–including credit bureau data–to automate credit decisions through smart contracts while keeping data confidential. Pngme is a credit and lending API that caters to the sub-Saharan market, enabling digital banks and fintechs...

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Snapplify launches Teacha! edtech in Kenya to support teachers with CBC resources

Global edtech company Snapplify has launched its Teacha! brand in East Africa, making thousands of teaching resources immediately available to teachers. Using the Teacha! resource marketplace, teachers can buy and sell their teaching resources online.

''There is a great need for Competency Based Curriculum (CBC), resources in Kenya at the moment and this is an enormous opportunity – not only for Kenya’s teachers to sell resources they’ve already created and earn extra income...

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Intracom Telecom announces supply of wireless systems for open mining operations in Africa

Intracom Telecom, the global telecommunication systems and solutions vendor, announced the supply and deployment of its Fixed Wireless Access ecosystem, the WiBAS Point-to-MultiPoint (PtMP) and the uniMS platform, by the operating company of one of the largest mines in the world, located in sub-Saharan Africa.

The use of high-frequency PtMP technology over the vast area of the mine is one of the many uses for this technology. Mining companies take advantage of the latest technology which ensures not only high capacity but also long range to cover...

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Huawei ranked 1st in 5G patent licensing, puts Kshs. 2.5 trillion in research and development

Huawei's total number of 5G Standard Essential Patents (SEPs) has made the company maintain the patenting pole position globally, according to Clarivate, a leading global IP consultancy, and analytics firm.

Clarivate’s latest report titled, “Demystifying the 5G Standard Essential Patent landscape: Phase 3” shows that Huawei still ranked No. 1 with 6,566 additional patents. The firm has 107,000 employees in Research and Development and had invested about Kshs. 2.5 trillion (USD 22.4 billion) R&D by...

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African tech startup funding will double by 2025, research

African business leaders are forecasting a surge in spending on tech start-ups as foreign direct investment and improved internet connectivity helps establish the continent as a tech superpower,  new research for blockchain-based mobile network operator World Mobile shows.

More than half (54%) of African senior executives expect spending on tech start-ups on the continent will more than double by 2025 to $10 billion or over compared with the $4.9 billion raised last year. Around one in six (16%) believe...

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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] 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] Valery Njiaba: Digital Rights and Inclusion Forum’s Londa report calls for more digital transparency and protection across Africa

While many governments in Africa have made welcome progress toward digital transformation in the last year, more work needs to be done towards offering transparency, digital inclusion, and the protection of digital rights to citizens across the continent.

This was the main finding of the Londa report, launched recently at the Digital Rights and Inclusion Forum (DRIF) 2022. Held between April and May this year, DRIF brought together over 1000 delegates and participants for 39 days to...

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[Column] Diego Gutierrez: Driving Africa’s inclusive digital economy through smartphone penetration

The world has already witnessed the remarkable force of Fintech in Africa, powered by mobile money. In 2020 the continent’s transaction volume of mobile money was US$2.75 billion with 161 million active accounts.

Combining the popularity of mobile money solutions with smartphone connectivity will drive even greater demand for financial services in Africa’s Fintech sector. For the unbanked and for people living in rural areas who do not have access to fixed infrastructure, mobile connectivity improves individual...

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[Column] Anna Collard: The great phishing fail

In 2021, phishing attacks increased by 7.3% according to the ESET Threat Report and the Cisco 2021 Cybersecurity threat trends report revealed that around 86% of organisations had at least one person click a phishing link.

This echoes the findings of recent KnowBe4 Security Awareness Research that found people keep clicking – on fake emails from HR, the business and IT.  The majority of top email categories that people fall for are those that fit in to everyday life – invoices, purchase orders, shared files, and...

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[Column] Mazen Mroué: Spreading the magic of 5G

Mobile communications technology has been a crucial enabler of the information age, connecting individuals, businesses and governments, and facilitating improvements in daily life for people everywhere. Connectivity is the lifeline of modern societies and access to it is a digital human right.

Digital disruption is supporting economic development and the ambitions of the nation states in which MTN operates. According to a recent GSMA report , mid-band 5G will generate a $13 billion contribution to GDP in Sub-Saharan...

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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] 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] Thato Ntseare: Sharp advice for business start - ups on attracting venture capital investment

The idea of venture capital involves investing in early-stage businesses that are premised on being innovative in one form or another, for example by developing bespoke technology, or making use of existing technology in a unique way, or uncovering new markets by creating demand where there once was none.

It’s important to realise that when a business is still young, it can be difficult to evaluate. Despite the growth experienced, there remain many unknowns about the future prospects of the business. The founders of young businesses are...

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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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