Year 5 | Edition 56 | 8 September 2022
Tecnotree signs deal with MTN Nigeria for 5G digital transformation

Tecnotree, a Finnish global provider of digital transformation solutions for Communication Service Providers (CSPs) and Digital Service Providers (DSPs), has announced the signing of a multi-million-dollar deal with MTN Nigeria, for the deployment of its 5G ready digital BSS solutions.

The operator is aiming towards providing cutting-edge digital services and they have chosen Tecnotree’s cloud-native BSS Suite 5 to drive this transformation journey. The deal involves establishing Catalogue-driven Order fulfilment using...

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Duplo secures $4.3 million seed funding to transform business-to-business payments in Nigeria

Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.

The seed funding round included Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, and Y Combinator. Oui Capital also re-invested after participating in the previous round. Since going live in January 2022, Duplo has seen great traction with FMCG distributors...

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WorldRemit partners with Hello Paisa to ease money transfers to Zimbabwe

International digital remittance companies WorldRemit and Hello Paisa, has announced a partnership to provide cash pickup services throughout Zimbabwe.

This partnership enables Zimbabweans to collect remittances in US dollars at over 120 Hello Paisa payout locations across Zimbabwe. This partnership allows the Zimbabwean diaspora to effortlessly send money back home and provides their loved ones the ability to receive and withdraw the funds through an extended cash pickup network in both rural and peri-urban...

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Wemade invests in Metaverse Magna to expand WEMIX ecosystem in Africa

Wemade, an online video games developer, announced it has participated in the seed funding round for Metaverse Magna (MVM), a P2E guild project from Africa, for expansion of WEMIX ecosystem in Africa.

MVM's parent company, Nestcoin, supports and invests in crypto projects in Africa. It was founded by Yele Bademosi, former director in charge of the Africa region at Binance Labs, who oversaw investments and incubations for startups. Also with MVM as Africa's first and biggest gaming DAO, Nestcoin...

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Digital marketplace platform IAA expands its service footprint to Mexico and Nigeria

IAA, a global digital marketplace connecting vehicle buyers and sellers, announced it has expanded its service footprint of IAA Transport to include Mexico and Nigeria.

Introduced in 2021, IAA Transport has transformed and streamlined the vehicle transport process with a global branch-to-doorstep delivery solution. With this expansion, buyers in Mexico and Nigeria can now generate real-time quotes on any vehicle available for sale or any vehicle purchased by the buyer, both pre-payment and post-payment. The transaction...

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Uber launches a suite of new product and safety features across Sub-Saharan Africa

Uber has announced the launch of multiple new products and features which are going live this month in South Africa, Ghana, Kenya, Côte d’Ivoire and Nigeria.

The launch, which took place simultaneously across various locations in Sub-Saharan Africa (SSA), also showcased Audio Recording, the latest addition to its suite of safety features. Speaking at the event, General Manager for Uber SSA, Kagiso Khaole said the brand is pleased to be expanding into eight more cities during September across Kenya, Nigeria and...

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Cameroonian digital business card provider Taaply raises $500k

The Cameroon-based Taaply, which began life digitising business cards, has raised US$500,000 in funding as it announces the release of a new app and website update.

Launched in 2021, Taaply is a digital business card solution aimed at cutting down on carbon emissions in Africa. The startup has evolved since Disrupt Africa first spoke to the team, however, and its new website features new and exciting products to help customers further digitalise and manage...

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60 African startups selected for Google second Black Founders Fund

Google has announced 60 qualifiers for its Google for Startups Black Founders Fund (BFF) for African startups. The startups selected for the 2nd cohort will benefit from a total of  $4 million in funding and support to enable them to scale up their ongoing work.

There are 12 Kenyan startups on the list, while Nigeria has the highest number of beneficiaries with 23 startups. South Africa, Uganda, Botswana, Rwanda, Ghana, Ethiopia and Senegal are all represented as well. “Africa is a diverse continent with...

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Waya digital banking app for African immigrants goes official

Waya, a Kenyan and US-based Fintech Startup has announced the official launch of its full-service digital bank and money transfer app targeting the African Diaspora. 

The Waya App will allow users to open bank accounts digitally, and within minutes, send money to other Waya users for free, spend using their Waya cards linked to their Waya account and to remit money to over 10 countries in Africa. Remittances will be delivered to Mobile wallets and bank accounts across Africa. “Waya’s mission is to unlock financial barriers, provide...

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Network International appoints Dr. Reda Helal Group MD, Processing Business for Africa

Network International has appointed of Dr Reda Helal as Group Managing Director, Processing Business – Africa and co-head of Group Processing. 

In his new role, Reda will be responsible for leading and growing a client-focused business unit serving financial institutions, fintechs and payment partners across all African geographies served by the Group. In a statement, the enabler of digital commerce across the Middle East and Africa (MEA) saysReda is passionate about payments innovation, financial...

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ThetaRay AI Tech to monitor African payments for Nigerian fintech ARCA

ThetaRay, a provider of AI-powered transaction monitoring technology, has announced that ARCA, a premier African payment services provider, will implement ThetaRay’s advanced SONAR SaaS anti-money laundering (AML) and sanctions list screening solution for transactions on its open AI-based platform.

ARCA is the first Nigerian fintech to adopt ThetaRay’s advanced SONAR solution, industry renowned for its ability to detect the very first signs of sophisticated financial crime. ARCA provides advanced digital payments for an open...

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Huawei launches African digital power talent development program to drive sector growth

Huawei Digital Power has launched a talent development program aimed at upskilling 1,000 practitioners and tertiary students with technical knowledge and skills in the digital power space.

The program is initially being rolled out in Seven countries - Kenya, Uganda, Tanzania and Ethiopia - as the demand for technical staff in renewable energies continues to rise annually. The program was announced during the Solar Show Africa 2022, the program is part of the tech giant’s...

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[Nigeria] Fintech startup NowNow raises $13 million

Nigerian fintech startup NowNow Digital Systems has raised  $13M in its seed round for expansion across Africa. The company was founded in 2016 by CEO Sahir Berry and co-founder Mahesh Nair to expand financial inclusion and spur job creation.

NowNow later launched a mobile wallet and went fully into the market the following year with its own platform. The company has an end-to-end financial ecosystem with products that cater for agents, individual consumers and small businesses...

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Global 5G smartphone market to reach $4 billion by 2027, report

The global 5G smartphone market in 2021 was valued at $32.21 billion. The market is expected to reach $4167.07 billion by 2027 according to a report by Research and Markets.

The 5G Smartphone is a mobile phone with advance features and functionality beyond traditional functionalities such as sending text messages and making calls and primarily support the fifth standard network. The consumers interest in 5G devices has been growing, therefore chipmakers are also...

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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] Patrick Ndegwa: Homegrown intelligence - How AI in Africa is taking shape

In February 2022, the Economic Commission for Africa (ECA) and the Government of the Republic of Congo inaugurated the African Research Centre on Artificial Intelligence, an initiative committed to researching digital technologies and applications.

The centre – the first of its kind on the continent – will facilitate education and skills development for the integration of new AI-driven solutions, promote economic growth, and reinforce continental ownership of digital tools and resources...

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[Column] Marilyn Moodley: How to create a digital transformation strategy that actually works

The working world has changed drastically. Today, survey after survey shows workers want a hybrid work model. But what does the future workplace look like and how can organisations create a digital transformation journey that fits the new paradigm?

Marilyn Moodley, Country Leader for South Africa and WECA (West, East, Central Africa) at digital transformation specialist SoftwareONE, says the working landscape has changed forever. “While the idea of a digital workplace has...

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[Column] Pankaj Bhula: The metaverse reality check that your business needs

From virtual meetings to immersive 3D customer experiences or even property tours, the Metaverse will transform the way that companies operate. Gartner predicts that by 2026, a quarter of us will spend at least one hour a day in the Metaverse for work, shopping, education, social media and/or entertainment.

Some brands are already there today, such as Nike and Coca-Cola, who are using it to drive brand awareness and the purchase of physical products. With so much buzz around the Metaverse, it’s easy to see why more and more companies..

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[Column] Dumisani Moyo: How to use the cloud to supercharge your SME's growth

As global economic growth slows down and many developed and emerging economies face severe pressure, the SME sector is again taking centre stage as a catalyst for job creation and growth throughout the African continent.

Small and medium enterprises are the future of Africa's economic development. SMEs can create more jobs more quickly than their larger counterparts, can stimulate innovation, and make a significant impact on their local and regional economies. And when supported by a strong digital...

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[Column] Tracy Bolton: How partners drive digital transformation

It's true that the only constant is change. And in our modern post-pandemic economy, the rate of change has accelerated and is showing no signs of slowing down.

Today, companies are beset with a multitude of challenges and changes in their operating environment. From dealing with supply chain disruptions to adapting to new ways of work, companies have their hands full. The question is no longer if companies should digitally transform; it's a matter of how quickly and in which areas that digital transformation would...

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News Headlines

29-09-2022 | 15:07:00
Nearly 75% of Local and State Government Organizations Attacked by Ransomware Had Their Data Encrypted, Sophos
The report found that 72% of state and local government organizations attacked by ransomware had their data encrypted—7% more than the cross-sector average.

29-09-2022 | 13:53:00
Mara launches free online course to advance blockchain adoption and financial literacy in Africa
Pan-African phone manufacturer Mara Group has launched a free educational online course with the aim to boost blockchain adoption and digital finance literacy in Africa.

29-09-2022 | 13:48:00
[Kenya] Zoho launches VAT and TIMS-compliant online accounting software for businesses
Zoho Corporation has launched its VAT and Tax Invoice Management Systems (TIMS) compliant, accounting software, Zoho Books to help businesses in Kenya prepare for the upcoming implementation of TIMS.

29-09-2022 | 13:32:10
Prophius partners with Mastercard to launch Tap on Phone payments to Small Businesses in Sub-Saharan Africa
Financial technology company Prophius has announced the launch of its PayContactless solution certified by Mastercard – a contactless acceptance solution that turns any NFC-enabled Android device into a physical point of sale.

29-09-2022 | 12:45:00
Ethio telecom unveils "Lead" 3 Years Strategic Plan
Ethio telecom started implementing its newly developed "Lead", a three-year development strategy for the period of 2022-2025

29-09-2022 | 12:37:00
Financial phishing cyberattacks significantly increase in Kenya and Nigeria in Q2 of 2022, report
Kaspersky Security Network data shows that the number of financial phishing attempts in the African regions increased significantly from Q1 to Q2 of 2022. Banks, payment systems, and e-commerce websites were attacked.

29-09-2022 | 11:45:00
PROPARCO lance l’African Private Equity Fellowship pour les jeunes Africain
PROPARCO lance l’African Private Equity Fellowship pour soutenir la prochaine génération d’investisseurs sur le continent Africain.

29-09-2022 | 11:05:00
[Kenya] Jumia adds electric Tuk-Tuks to its delivery fleet in Kenya
Jumia Kenya is adding E-Vans or what are commonly known as Tuk-Tuks to its delivery fleet in the country. The e-commerce leader has partnered with California-based EV solutions provider BILITI Electric for this project.

29-09-2022 | 09:40:20
Neustar Security Services expands partner network in EMEA
Neustar Security Services, a provider of cloud-oriented security services that enable global businesses to thrive online, has expanded its partner ecosystem across key technology hubs in the Europe, Middle East and Africa region.

29-09-2022 | 09:31:00
[Ghana] Agritech Startup Farmerline has Raised $1.5 Million in Series A Funding
After netting $13 million in April this year, Ghanaian agritech startup Farmerline has raised another $1.5 million in pre-series A funding round. The funding from social impact investor Oikocredit.

29-09-2022 | 09:12:30
Mukuru and WeThinkCode partner to host women-only hackathon to solve financial services challenges in Africa
Mukuru CSI manager, Deidré Vrede, says the event was designed to provide the opportunity for winning students to bolster their studies and win internships or job shadowing opportunities at Mukuru, but more importantly create excitement and a platform for young, female students to shine.

29-09-2022 | 09:02:51
Microsoft to support continuous transformation of Africa’s Financial Services Industry
Transforming the Financial Services landscape in Africa will be a critical driver of economic prosperity across the continent, a banking summit has been told.

29-09-2022 | 07:46:00
[South Africa] Alitheia IDF leads $11 million investment round in home services platform SweepSouth
SweepSouth, an online home services platform with a presence across Africa has completed a US$11m investment round led byAlitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund.

29-09-2022 | 07:37:00
Polygon to train more than 2,000 African developers on blockchain in partnership with Xend Finance
The Polygon Bootcamp and Hackathon will be the company’s first edition in Africa and will introduce developers in the region to the Polygon ecosystem using Xend Finance and Polygon technologies.

29-09-2022 | 07:28:00
[Kenya] Safaricom, NCBA and KCB restructure Fuliza with free daily fee
Kenya’s leading telco Safaricom, NCBA and KCB Bank Kenya have announced a restructuring of the popular Fuliza overdraft facility.


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