Year 5 | Edition 46 | 22 July 2022
Liquid launches Africa's first Cyber Security Fusion Centre in South Africa

Liquid Cyber Security, a business of Cassava Technologies, has launched the first of its matrix of Cyber Security Fusion Centres in Johannesburg, South Africa. With this Fusion Centre, Liquid aims to bolster the cyber security industry in the country by managing the growing threat of cyberattacks to governments and enterprises of all sizes.

For the first time, African businesses and governments will have access to Liquid's matrix of Security Fusion Centres across key markets. These centres will provide threat intelligence and bring together the existing Liquid Cloud...

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AfricInvest and Cathay Innovation complete final close of €110m Pan-African venture fund

Africa’s multi-asset investment platform AfricInvest and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest Innovation Fund [CAIF], at €110M.

The fund is backed by LPs such as EIB, AfricaGrow, FMO, Bpifrance, Triodos Investment Management, Proparco, SIFEM, BIO and, among others, as well as a diverse pool of globally renowned investors, including Development finance institutions, leading multinational corporations, and high-net-worth individuals across Europe, Africa and the Middle East...

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Ostatech, IEC Telecom and Thuraya bolster digitalization in East Africa

With digitalisation unlocking a plethora of business opportunities in an increasingly connected continent, African countries are emphasising investments in digital technologies, communications infrastructure, IT hubs, data centers, e-commerce, and e-government services.

With the ratification of the Africa Continental Free Trade Area (ACFTA), new opportunities in technology start-ups and e-businesses are expected to grow the combined GDP to over $600 billion. Now, more than ever, it has become apparent...

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[Kenya] Jubilee Health Insurance, M-TIBA & Solution Sacco Launch Digital Health Cover

In a bid to advance affordable health insurance coverage across Kenya, Jubilee Health in partnership with M-TIBA & Solution Sacco have today launched a comprehensive and affordable health insurance cover dubbed “Solution Afya medical scheme”.

The partnership will enable over 25,000 SACCO members and community-based organizations to benefit from the medical scheme through an extensive network of service providers across the country. The medical scheme will enable users to...

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[Kenya] Meta announces new initiatives to curb misinformation ahead of August elections

Social media companies are taking a keen interest in the forthcoming general elections in Kenya. The companies are putting in place a number of strategies to curb misinformation, hate speech and the spread of fake news on its platform.

Last week, video sharing app TikTok said it’s working with various stakeholders including the government to ensure that “information is disseminated responsibly. “ Among the initiatives the platform announced is an Elections Hub which is integrated within the app to help spread factual and...

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[South Africa] CloudSmiths announces new merger with DotModus

CloudSmiths, Africa’s largest and Salesforce partner, has merged with DotModus, a Google Cloud Platform Premier Partner in data engineering and cloud infrastructure consultancy, to form an omnichannel customer journey powerhouse that will operate under the CloudSmiths brand.

Launched in 2010, DotModus specialises in Google Cloud Data Analytics and Google Cloud Infrastructure. It is also a Gold Microsoft partner with a client portfolio comprising media, mining, retail, financial services and pharmaceutical...

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Ericsson appoints Hossam Kandeel as vice president and head of global customer unit MTN Africa

Ericsson has announced the appointment of Hossam Kandeel as Vice President and Head of Global Customer Unit MTN and Customer Unit MTN Africa effective 21 July 2022. Hossam will lead a high performing technologies and services team that promises to deliver exceptional value towards MTN Ambition 2025 while enabling positive change across society.

Being with Ericsson for nearly two decades, Hossam has held leadership positions across various practices including government and industry relations, strategy and marketing, business solutions, sales, and operational excellence...

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[Kenya] IoT firm Novek to receive share of $1 million Mastercard Strive Community grant

Novek, an Internet-of-Things (IOT) company has been announced as one of eight global recipients of the inaugural round of grants from the Strive Community Innovation Fund.

The UK-based company working with micro-retailers in Kenya will receive a share of $1 million in total grant funding towards their work developing an IOT-enabled washing powder dispenser enabling Kenyan micro-retailers to better serve their customers. Washing powder is a widely sold, everyday...

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FICO, Network International bolster partnership to help MEA lenders expand digital economy

Global analytics software provider FICO and Network International, the enabler of digital commerce across the Middle East and Africa (MEA), has announced that they have expanded their partnership to bring lenders the most powerful fraud protection and credit management solutions.

These solutions, available in hosted mode from Network International, will help financial services providers expand the digital economy across the region. The two companies have been working together since 2017, when Network...

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Yamaha partners with Nigerian startup MAX for vehicle financing and maintenance

Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation has announced a strategic partnership with Metro Africa Xpress Inc. (MAX) - Africa’s first mobility technology platform to finance and maintain over 50,000 vehicles over the next 2 years.

The partnership will expand Max’s operations in Nigeria, Ghana and Cameroon and fast track their goal to serve 100,000 independent commercial drivers by the end of 2023. MBSN provides services for tech startup companies that focus on...

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South Africa’s student housing startup DigsConnect secures investment to spearhead international growth, South Africa’s digital student accommodation platform, announced the closure of its Pre-Series A seed extension round after securing undisclosed multi-million rand investment from Launch Africa, Goodwater Capital, Five35 Ventures and Delta Ventures.

The funds will be used to spearhead international growth, with a focus on helping African students in the UK and US secure more affordable, convenient, and safe housing. Alexandria Procter, Co-founder and CEO, ''The tech...

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Pan-African talent marketplace Gebeya announces new innovation to accelerate hiring freelance professionals

Gebeya, the Pan-African Marketplace for freelance professional talent, announced a new innovation to accelerate a more stable, dynamic African tech talent infrastructure.

After releasing a redesigned, fully-automated web-client application last June, Gebeya has introduced its new search feature to accommodate the continuous growth in requests from startups and SMEs across the continent and around the world. The new search engine will optimize how clients find and connect to their talent. To help clients fill job vacancies...

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S and BTS Global joins Smart Africa

The Smart Africa Alliance is now counting S and BTS Global as it's new and latest entrepreneurial members. The organizations will work together mainly towards the aim of achieving the One Africa Network project.

With a vision to create a single digital market in Africa by 2030, the Smart Africa Alliance has committed as part of its flagship projects to accelerate the digitalization of the continent and increase connectivity through the development of the free continental roaming initiative. “It is a pleasure to...

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[South Africa] Digital payments on the cusp of igniting the kasi economy, Hello Pay

The majority of the country’s urban population resides in townships according to the World Bank. With an 18 percent contribution to South Africa’s GDP, the informal sector is one of the most important parts of the entire economy, both as a means of employment and how millions of people obtain goods and services.

Amid this significant amount of trade where cash still dominates, Zunaid Miya, MD of local fintech company, Hello Pay says digital payments have the potential to drive a flourish of new businesses and solutions in the kasi economy...

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Fintechs are set to transform cross-border payments in Africa, says Ukheshe Technologies

For centuries people have crossed borders to live, work, and trade. While cross-border payment systems are crucial for financial inclusion and growth in a globalised economy, cost and efficiency challenges remain, particularly in Africa.

Mark Dankworth, President Business Development Africa at leading pan-African fintech enablement partner, Ukheshe Technologies says fintechs are at the forefront of improving cross-border payments on the continent. “There has been a significant increase in the movement of funds through digital...

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

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] Mpho Matsitse: Value advisory is a necessity for business transformation success

The pandemic and growing relevance of 4IR technologies continues to drive greater digitalisation across industries. According to Gartner, 64% of organisations are accelerating their digital investments in 2022.

Global spending on digital transformation is expected to reach nearly $2-trillion this year, with the global cloud computing market estimated to reach $474 billion in 2022, an increase of over 16% from $408 billion in 2021. However, fewer than three in every ten digital transformation projects succeed...

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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] Andrew Cruise: The hidden costs of owned infrastructure versus cloud

If your business, like many others, is faced with the decision of running your own infrastructure or migrating to the cloud, you’ve likely already done your homework. You know that although the benefits cloud offers are numerous, such as increased agility and efficiency, longer-term hardware efficacy and greater security, it comes at a cost.

And, at first glance, managing your own infrastructure might seem less expensive. But it comes with hidden costs few people are aware of. Businesses usually do this cost analysis when they’re about to replace their hardware during a...

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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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[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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Three ways traditional retail banks can keep up with modern financial service providers

For the longest time, traditional banks required their customers to conduct all their transactions in person. And while the rise of ATMs did provide consumers with an alternative way of transacting, people still had to go out of their way to find these machines whenever they needed them.

Nowadays consumers can enjoy easy access to online banking services instead of having to go to a physical branch or an ATM. As such, many modern customers actively look for financial institutions that allow them to transact primarily...

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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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