Year 5 | Edition 48 | 28 July 2022
COMESA, AfDB launch first phase of Africa Cloud Ecosystem Project

The Secretariat for the Common Market for Eastern and Southern Africa (COMESA) and the African Development Bank have launched phase one of the Africa Cloud Ecosystem Project, to be financed with a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility Special Fund (NEPAD-IPPF) to support the market analysis and pre-investment study for the project.

The signing ceremony for the project was followed by a workshop for representatives of both institutions. The first step in getting the project off the ground is a market analysis. The regional cloud ecosystem project will contribute to...

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Kasi Insight and Creative VMLY&R ink deal to deliver data-driven marketing for brands in Africa

To win in the world’s fastest-growing market, decision makers need to have better visibility on the realities of Africa’s economies, markets, and communities through the lens of consumers.

Brands have realized that growing in Africa requires updated, aggregated, trended data, the days of outdated reports are over. Change is the only constant these days and leaders demand local insights at the speed of business in addition to real time and relevant datasets across markets. To help...

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DispatchTrack expands global footprint with new operations in South Africa

DispatchTrack, the solution provider of right-time delivery management software, is expanding its global footprint with new operations in South Africa.

The company also announced a new partnership with redPanda Software, a South Africa-based provider of customized enterprise retail software solutions and managed services. Together, the companies will give retailers in the new market greater visibility into their last mile operations, enabling them to reduce costs through more efficient routing...

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[Kenya] Technology sector partners launch Digital Talent Program

Technology sector players have launched a Digital Talent Program that is aimed at developing digital skills in the market by taking a sustainable approach to create a healthy digital talent pipeline.

In its first year, the program, which is a partnership between organisations drawn from academia, training partners, tech-hubs, Government as well as industry players, targets to upskill 1,000 participants based on the digital skills currently in high demand. So far, over 30 partners including 6...

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[Egypt] Fashion e-commerce startup The Fashion Kingdom raises $2.6 million in seed funding

Egyptian Fashion and accessories startup The Fashion Kingdom (TFK) has raised $2.6 in seed funding round. The company was founded in 2020 and launched an eCommerce platform that helps local and international merchants grow their online sales using their curated marketplace. More than 200 brands on the TFK platform provide shoppers with various products to choose from.

The startup has reported more than 150,000 customers every month with about 40% of its sales coming from returning customers. There is a range of products that include beauty products, personal care, accessories, and home fashion...

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Seedstars announces $30 million fund to invest in startups in emerging markets

Seedstars has announced plans to invest in 100 more startups through its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV). 

Seedstars, in a press release, shared on Monday announced the first close of the fund with $20 million committed by notable investors including the International Finance Corporation (IFC), Visa Foundation, The Rockefeller Foundation, and Symbiotics. Since 2013, Seedstars has supported over 90 emerging market venture ecosystems...

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3i Infotech and CoreStack partner to accelerate digital transformation in multi-cloud environments

3i Infotech, a global Information Technology company, has announced a strategic partnership with CoreStack, a global multi-cloud governance provider that empowers enterprises to unleash the power of the cloud.

The long-term partnership will enable 3i Infotech's NuRe Cloud platform to boost cost optimization, security, and operational efficiencies for enterprises by leveraging CoreStack's NextGen Cloud Governance offerings - FinOps, SecOps, and CloudOps. The 3i Infotech and CoreStack partnership bring a...

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5G subscriptions in MEA to exceed 250 million by 2026, Nokia research

Nokia has released research that forecasts 5G subscriptions are expected to reach 263 million in the Middle East and Africa (MEA) region by 2026.

The 5G subscription growth Nokia says will primarily be in Gulf Cooperation Council (GCC) countries, including Saudi Arabia, the UAE, Qatar, Oman, Kuwait and Bahrain. Additionally, subscribers in South Africa, Nigeria and North African countries will increase adoption following the release of new spectrum. This trend is triggered by the increasing use of...

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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] Efayomi Carr, Principal, Flourish Ventures

Efayomi Carr is a Principal at Flourish Ventures, a Global Fintech Venture Firm investing in fintech entrepreneurs across the globe, whose innovations help people enhance financial health.

With deep fintech industry and country-specific expertise, Flourish is focused on building its investment in Africa and adding to its growing portfolio of a dozen startups located in Nigeria, Ghana, Egypt and Kenya that includes Apollo Agriculture, Fair Money, Financial Services Innovators (FSI)...

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[Column] Ben Azvine: AI and defending the future of autonomy

Connected and Autonomous Vehicles (CAVs) are changing the way we think about mobility - and transforming the digital network infrastructure that supports these vehicles. Soon, every car will be connected and able to talk to everything around it using Vehicle-to-Everything (V2X) technology, including other cars and smart city infrastructure. 

But as with any connected computing device, the advent of CAVs brings with it security threats, as the number of computing and network components both inside and outside a car will dramatically increase - raising the attack surface...

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[Column] Brenda Too: Rise of digital economy raising demand for tech skills

The digital ecosystem in Africa's Silicon Savannah has very high prospects. As it stands, there are close to 400 fintech startups in the country. In 2020, for instance, Kenya was second to Nigeria in the concentration of startup activity in Africa, with an investment of KES 35.7 billion, according to research by database company Statista. 

Beyond the fintech space, major tech companies such as Amazon Web Services (AWS), Microsoft, Google and Visa have chosen Kenya as their base for new operations. During the recent launch of Microsoft’s KES 3 billion office and labs...

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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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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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Editors: Nixon KanaliBob KoigiAndrea AyemobaPie Kamau

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