Year 5 | Edition 47 | 26 July 2022
 
Interswitch and Compass Plus Technologies partner to ease payments across Africa

Interswitch, Africa’s integrated payments and digital commerce company, and Compass Plus Technologies, an international innovative retail banking and electronic payments solutions provider, announced a partnership to further strengthen Interswitch’s payment card processing capacity in Africa.

The strategic partnership will see Interswitch utilise TranzAxis, a world class cloud based, and service-oriented architecture developed by Compass Plus with innovation at its core, for Verve, Visa and Mastercard credit card processing...

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Hivestack launches programmatic Digital Out of Home (DOOH) marketplace in South Africa, inks partnership with Xaxis

Xaxis South Africa has announced it’s partnership with Hivestack, the world’s largest, independent, programmatic digital out of home (DOOH) ad tech company, to drive the future of OOH, forming a truly programmatic DOOH solution in the South Africa market.

Through this partnership, Xaxis will leverage Hivestack’s Demand Side Platform (DSP) bringing automation and performance measurement to brand campaigns in DOOH in South Africa. Clients will be able to access Hivestack’s full...

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[Kenya] Equity Bank inks deal with Tanzania fintech NALA for diaspora remittances

Equity Bank Kenya has signed a partnership with NALA Payments Limited, a Tanzanian-based remittance payment processing startup to facilitate diaspora remittances into Kenya.

This partnership will allow Kenyans living in the United Kingdom and the United States to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets. Equity Bank Kenya offers integrated financial...

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[Ghana] E-commerce company QNET establishes first African training centre in Accra

QNET, an e-commerce based direct selling company, has established its first-ever training centre in the Sub-Saharan Africa region in collaboration with Botsumtwi Limited.

Located in East Legon, Accra, this new training centre will see the company bringing world-class training workshops and educational programmes for its community of distributors to participate in to enhance their management skills, increase business literacy, and leverage on opportunities to build their successful enterprise. QNET has successfully built a...

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Network International partners with Infobip to offer WhatsApp for business banking services across Africa

Digital payment solutions provider Network International has announced it will bring WhatsApp for Business banking services to financial institutions across Africa through a collaboration with Infobip.

The full-stack cloud communications company is one of the world’s largest providers of A2P SMS services and will support Network International in its commitment to financial inclusion across Africa. In addition to helping financial institutions reach their customers through a familiar and reliable channel, the...

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Suzuki by CFAO partners with ETAP to enable seamless insurance for Nigerian drivers

CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has partnered with ETAP, an InsurTech company that creates solutions and incentives to improve the automotive experience across Africa, to enable seamless access to insurance with every new car purchased from the Suzuki network in Nigeria.

As part of the partnership, drivers will now be able to buy insurance in 90 seconds, complete claims in 3 minutes or less and get rewarded for good driving and avoiding accidents, powered by ETAP’s game-changing app. Suzuki by CFAO has...

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[Kenya] Badili Africa opens its first physical store In Nairobi

Badili Africa, a local startup that focuses on device exchange has opened its first physical store in Nairobi located at Ambience Mall in Westlands. The reverse commerce or ReCommerce startup was launched in early 2022 to upgrade the pre-owned smartphones and electronics market experience in Kenya and Africa while perfecting recycling in the space.

35% of consumers in Kenya prefer to buy a used phone over a new one, yet there are no safe and legit options available for them. The inadequacies and inefficiencies of the second-hand devices market, along with the scare of stolen, counterfeit...

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Liquid Cloud announces access to Oracle Cloud via FastConnect

Liquid Cloud, a business of Cassava Technologies, a pan-African technology group, and a member of Oracle PartnerNetwork (OPN), has announced it will offer connectivity to Oracle Cloud through Oracle Cloud Infrastructure (OCI) FastConnect in South Africa within the Oracle Cloud Johannesburg Region.

The collaboration with Oracle will allow Liquid Cloud customers to access Oracle Cloud through FastConnect using Liquid’s  extensive fibre network. In addition to organisations using FastConnect via Liquid CloudConnect as a service, it will also...

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[South Africa] Vantage Data Centers opens Johannesburg Data Center Campus

Vantage Data Centers, a global provider of hyperscale data center campuses, has announced the delivery of the first facility on its Johannesburg campus, as well as the start of construction on a second data center on its Frankfurt II campus.

Positioned within the continent’s largest data center market, Vantage has opened its first data center (JNB11) in Africa after breaking ground in 2021. The two-story facility offers 16MW of critical IT capacity across 130,000 square feet (12,000...

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Fintech startup Bizao raises €8m Series A funding to accelerate its footprint across Africa

Bizao, a fintech that facilitates payments for both local and international businesses operating in Africa, announced a €8 million Series A funding to accelerate its geographical footprint across the continent and invest in the design of new lines of products and services.

This funding round was led by AfricInvest Financial Inclusion Vehicle (AfricInvest FIVE), a private equity company with operations in Africa; Adelie, a multi-stage venture capital fund focused on technology companies and Seedstars Africa...

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Nigerian fintech infrastructure startup Bloc acquires payments company Orchestrate

Bloc, the Nigerian full-service fintech and Banking-as-a-Service (BaaS) infrastructure provider, has announced the acquisition of Orchestrate (previously Getwallets), a proprietary payments orchestration startup that gives businesses instant access to multiple payment providers with one integration.

This acquisition will enable Bloc to focus its core product strategy on delivery seamless Banking-as-a-Service (BaaS) API products to its customers while Orchestrate leads its fintech infrastructure with its proprietary payments...

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Sudanese fintech startup Bloom nabs $6.5m backed by Y Combinator, GFC and Visa

Bloom, a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, announced it has raised a $6.5 million seed round, after an undisclosed pre-seed round last year.

This financing welcomed participation from fintech giant Visa, Y Combinator, U.S.-based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. Other investors include angels Arash Ferdowsi, Dropbox co-founder; Nicolas Kopp, former U.S. CEO of N26...

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New report reveals preference for ease of use, reliability and speed as African businesses transition from cash-based B2B payments

A new report that includes the surveyed opinions of more than 1,000 business owners from Kenya, Nigeria, South Africa and Egypt has revealed ease of use, reliability and speed as the preferred features for African businesses when it comes to business-to-business payment methods.

When asked what they liked about their current payment methods, 29 percent of respondents chose ease of use, 28 percent chose reliability and 18 percent chose speed. More than digitised processes (10 percent), affordability (10...

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Google Incentro Bootcamp | 28 July 2022 | 8:00 a.m. - 5:00 p.m. GMT+3 | USIU Africa

Get the tools you need to build what’s next with Google Cloud. Cloud OnBoard is a free, instructor-led training event, that gives you a headstart on your journey to developing on Google Cloud Platform (GCP).

Through a combination of presentations and technical demos, you’ll learn all about virtual machines, containers, applications, big data, and machine learning. What you choose to build next, is up to you! Cloud OnBoard Core Infrastructure is best suited to solution architects, software developers, and systems administrators. Bring your laptop and come ready to learn...

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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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[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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[Column] Charles Molapisi: SMMEs are the spark to ignite SA’s growth and jobs recovery in the modern digital world

MTN SA believes that the power of technology is the key to unlocking South Africa’s potential and creating jobs and opportunities. This comes as billions of online connections every day between people, devices and products rapidly reshapes the future of business, opening the door to many opportunities.

Understanding and adapting to these trends, re-skilling, up-skilling and being more innovative is now more critical than ever. There is no doubt SMMEs will be the engine room of the economic future and a key focus must be on empowering...

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[Column] Andy Rowland: Eight ways edge computing can future-proof your organisation

Adopting edge computing is the next important step in future-proofing your infrastructure. By moving data processing towards the ‘edge’, you bring real-time decision-making to where it’s needed. This supports whatever capabilities will be critical tomorrow, from Internet of Things (IoT) technologies to Artificial Intelligence (AI) powered applications. 

Edge computing will be bigger than cloud computing

I’ve been working at the heart of edge computing for several years now, tracking the evolution of the technology and developing ways for industry to harness its potential. Edge computing is the new growth area, and I believe it will...

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[Column] Marilyn Moodley: Saving costs while moving to the cloud at the same time is possible

Instead, the key is optimisation through a combination of rightsizing, migrating some workloads to the cloud, and putting a strategy in place to manage future needs. Here are some important points to consider on your cost-saving journey.

Software licence reconciliation

According to Gartner, less than 25 percent of organisations have a mature strategy for optimising their licensing spend. That’s a lot of money being left on the table. In a way, it’s normal, because most companies don’t know where to begin...

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[Column] Heman Kassan: Rebuilding telecoms for digitally-driven, integrated operations

Despite telecommunications being considered a building block for a digitally transformed world, many operators and businesses in the sector struggle to modernise their legacy applications effectively. These have become an interconnected patchwork of systems integral to supporting operations.

Telecom companies do not have the luxury of switching everything off and rebuilding from scratch. Instead, they need to balance integrating digital solutions with existing ones in ways that do not negatively impact their ability to increase...

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[Column] Ryan Mer: Risks and Responsibility of employees - tips to avoid being impersonated

The rapid advancement of technology has made our lives easier in countless ways. Unfortunately, with these advances has come an increase in cybercrime as online fraudsters adapt their strategies to reach new victims.

In the past, criminals used manual processes to scam victims by mailing letters, sending faxes, and making phone calls, but modern tech has put a new spin on old fraud schemes, and today’s fraudsters are using email, messaging platforms and social media to reach targets inexpensively and easily...

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[Column] Carey van Vlaanderen: Protect less tech savvy elderly from online fraudsters

Estimates suggest that the elderly worldwide lose more than USD$3 billion (around R48 billion) each year to online fraudsters. In a world focused on communicating with the digital native Generation Z and tech-savvy Millennials, who were born into the digital era, are we leaving the elderly out of the conversation, especially when it comes to online security?

Carey van Vlaanderen, CEO of cybersecurity firm ESET Southern Africa says that although the younger generations still form an easy and larger target audience for fraudsters, as technology advances and more services move online, more...

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News Headlines

12-08-2022 | 16:40:32
Nigerian fintech startup TeamApt secures funding to widen credit offerings
With almost $5 billion assets under management, QED is a premier VC in the fintech space. They have invested in 27 unicorns over more than 180 portfolio companies across 14 countries. TeamApt is its first investment in Africa.


12-08-2022 | 16:32:19
[Nigeria] Broadband penetration hits 44.5 per cent
Nigeria’s broadband usage has continued on the rise, moving up from 40.9% in February 2022 to 44.5% in July 2022, a figure considered hopeful for achieving the national broadband target of 70% in 2025.


12-08-2022 | 12:02:39
PayTabs Egypt partners with savings platform Waffarha to introduce digital payment solutions
PayTabs Egypt, MENA’s award-winning payment processing powerhouse, announced its partnership with digital savings platform Waffarha.


12-08-2022 | 11:15:40
Stella Damasus joins NW Tech Capital (NWTT) as Lead Talent Acquisition consultant
NW Tech Capital and TROPICSLAB is pleased to announce that award winning Nollywood celebrity Stella Damasus, has joined us, as lead Consultant for talent acquisition of the Company’s Beauty and Wellness division in its African expedition.


12-08-2022 | 08:04:00
Webb Fontaine launches Niger national single window to bolster trade
The Single Window platform will bolster foreign trade and increase Niger’s revenues, while improving the overall speed and efficiency of trade.


12-08-2022 | 07:58:52
MTN Group accelerates investment into broadband coverage in a challenging macro environment
MTN Group reported a resilient performance in the first half of 2022, balancing an accelerated investment into its networks, reducing the cost to communicate and the delivery of solid financial results.


11-08-2022 | 13:59:00
85% of users are concerned about privacy on Android platform, report
Kaspersky analysed anonymised data, voluntarily provided by users of Privacy Checker - a website that offers helpful advice on privacy and security instructions for various Internet platforms and digital applications.


11-08-2022 | 13:43:00
Hive, LockBit and BlackCat Ransomware Gangs Consecutively Attack the Same Network, Sophos Reports
Sophos today announced in the Sophos X-Ops Active Adversary whitepaper, “Multiple Attackers: A Clear and Present Danger,” that Hive, LockBit and BlackCat, three prominent ransomware gangs, consecutively attacked the same network.


11-08-2022 | 12:20:00
L’AMMC lance son portail Fintech
L’Autorité Marocaine du Marché des Capitaux met en ligne sur son site internet un portail dédié à la « FinTech » . Ce portail a été conçu pour accompagner les acteurs du secteur dans leurs projets et favoriser le développement des nouvelles technologies qui contribuent à la transformation du secteur financier.


11-08-2022 | 11:06:00
Visa announces grant to support women entrepreneurs in Africa
The African Women Impact Fund (AWIF) is an initiative by Standard Bank and the United Nations Economic Commission for Africa (UNECA) to help raise capital for women fund managers across South, East, and West Africa.


11-08-2022 | 09:29:00
Flouci se mue en banque mobile pour faciliter les transactions financières grâce à la blockchain
Flouci est une solution fintech développée par la start-up tunisienne Kaoun. Elle permet, depuis un smartphone, d’effectuer des transactions financières en quelques clics.


11-08-2022 | 08:29:00
Embedded finance is eclipsing the fintech competition, says Ukheshe's Anton Coertzen
Embedded finance has been generating buzz and changing the financial services landscape by improving access and lowering costs.


11-08-2022 | 08:14:00
Applications for the 5th edition of Catapult: Inclusion Africa Programme open
The LHoFT Foundation has opened applications for the 5th edition of the CATAPULT: Inclusion Africa which will be delivered in Luxembourg.


11-08-2022 | 07:47:00
[Nigeria] Klasha Appoints Ayman Jawhar as New Chief Product Officer
Klasha, a Lagos and San Francisco -based technology company transforming cross-border African commerce has appointed Ayman Jawhar as its Chief Product Officer.


10-08-2022 | 16:12:13
SBS becomes main distributor of Modex's blockchain-based solutions across the MENA region and Africa
Superior Business Solutions (SBS), an innovative IT solutions provider from Florida, USA, with operations in the UAE, Kuwait, Qatar, and Egypt, has become the main distributor of Modex's blockchain-based products and services across the MENA region and Africa.


 


 
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