Year 5 | Edition 64 | 10 November 2022
 
[Nigeria] Africa Data Centres extends edge cloud capability through Unitellas partnership at Lagos facility

Africa Data Centres has announced that enterprise cloud services provider Unitellas will be bringing Zadara’s global federated edge service to its new facility in Lagos, Nigeria.

Unitellas is a Nigerian-based full-stack managed infrastructure-as-a-service provider and distributor of Zadara” - a renowned global leader of Edge cloud services. According to Tesh Durvasula, CEO of Africa Data Centres: “West African enterprises are looking at cloud technology, but it will be vital to build trust to mitigate concerns around data sovereignty...

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Pan African edtech company Snapplify expands presence in West Africa

As part of its commitment to increase access to digital education, global edtech company Snapplify is investing heavily in West Africa.

The company, established in South Africa in 2012, has already had hundreds of registrations by educational institutions in the region. ‘Schools and tertiary institutions are looking for high-quality education tools that are relevant and appropriate for their region,’ said Snapplify CEO Wesley Lynch. ‘Snapplify is offering them just that.’ To support its expansion in the...

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Judy Waruiru appointed Managing Director for DPO Africa

African digital payments company DPO has announced the appointment of Judy Waruiru as Managing Director for Africa effective in January 2023. 

In her new role, Judy will be responsible for DPO business in more than twenty countries across Africa. As MD, she will also serve as the Country Corporate Officer for Kenya within the Network International Group. Judy has been with the DPO since 2019 and was appointed as Deputy Managing Director in early 2022. Her previous position was Chief Operating...

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Cellulant's payments operations licensed by the Bank of Uganda

Pan-African payment technology company Cellulant has been granted a Payments Systems Operator license by the National Bank of Uganda in line with the National Payments System Act, 2020. The Act provides guidance in streamlining operators in the burgeoning fintech space in Uganda.

Cellulant Group founded in 2003, has a history of delivering inventive technical and financial solutions implemented with a seamless user experience. The company today powers collections and payouts for thousands of businesses in...

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[Kenya] Equity links PayPal withdrawals to its App and internet banking platform

Equity Bank has enhanced its PayPal withdrawal service by migrating it from the previous web-based portal to Equity Mobile App and Equity Online, its internet banking platform. This shift will boost efficiency for Kenyans who receive payments through the international payment solutions provider.               

Customers will now enjoy seamless PayPal account linking and withdrawal service alongside other numerous bank services on Equity Online and Mobile App. The move streamlines the onboarding process for customers’ PayPal accounts and is...

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Nokia, Liquid Technologies and PayGoZo to provide affordable internet for South Africa’s Kayamandi Fiber Project

Nokia today announced its partner Liquid Intelligent Technologies will provide innovative Nokia fiber technologies to PayGoZo for offering economical, uncapped and ultra-fast internet as part of The Kayamandi Township Fiber Project.

The initial proof of concept phase, which was launched in September 2022, will see more than 15,000 people connected in the Kayamandi township in Stellenbosch in the Western Cape province in South Africa. The partnership comprises...

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[Kenya] Spotify launches an online video series that brings together music industry stakeholders

The African music industry has grown in leaps and bounds over the past few years due to a variety of factors, including collaborations with local and international artists, music streaming, and social media.

However, only a select number of artists are enjoying this success, and many talented creators are still struggling to break through. This is why Spotify has launched Spotify Talks Africa, a video series that brings the continent’s music industry stakeholders together in conversation. Spotify Talks Africa is...

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Startup Wise Guys selects the second batch of participants for Africa-dedicated fund

Startup Wise Guys (SWG), Europe’s startup accelerator and one of its most active investment funds, has selected the second batch of participants for its €7.5 million fund for African startup investment. 

The program, the first-ever African, B2B SaaS-focused accelerator, opened to applicants in October 2021, with the first batch of successful participants graduating in June 2022. The second round generated almost 500 applications. SWG selects and works with approximately 10 startups per batch...

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[Kenya] Epson is injecting KES 83 billion to support environmental sustainability

Japanese printing and information technology company Epson has set aside KES 83 billion to support environmental sustainability efforts over the next ten years. The company says it is putting its focus on decarbonization, resource recycling and an accelerated programme to develop environmental-friendly technologies.

Epson regional head, of East and West Africa, Mukesh Bector says that the company is also working towards more energy-efficient products. “Depletion of natural resources and other environmental problems have become increasingly...

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Wipro appoints Warren Zambelli as the Managing Director for Africa

Wipro Limited a global information technology, consulting and business process services company, has announced the appointment of Warren Zambelli as the Managing Director for Africa.

Zambelli has over 20 years of experience spanning capital markets, banking, insurance, telecom and retail. His formative years were spent in various front-office environments affording him context for how products and services are consumed, post which he entered professional services, partaking in the...

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Jobtech Alliance launches startup accelerator programs to improve livelihoods in Africa

The Jobtech Alliance, an ecosystem-building initiative around inclusive jobtech in Africa has launched two programs– the Catalyst Jobtech Accelerator and the Jobtech Innovation Lab– designed to support digital platforms that connect people to work opportunities that build livelihoods.

Steered by Mercy Corps and BFA Global, the Jobtech Alliance aims to create an enabling environment for entrepreneurs to build platforms that deliver quality livelihoods, are inclusive, and enable users to engage in decent work. Building on the...

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MFS Africa granted 3 payment licences by the Central Bank of Uganda

MFS Africa has been granted three licences by the Central Bank of Uganda to allow the fintech company to extend and deepen its offering in the country.

The licences obtained - PSP (Payment Service Provider), PSO (Payment Systems Operator), and IPI (Issuer of a Payment Instrument) - will allow MFS Africa to offer a more robust range of services. MFS Africa has been driving the next stage of this revolution, providing access to more options, connections, and interoperability to millions of digital stores...

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Microsoft expands cloud services in South African data centres to drive growth and competitiveness

Microsoft has now made Dynamics 365 and Power Platform generally available in its enterprise-grade data centres in Johannesburg and Cape Town.

This move reinforces Microsoft's commitment to investing in South Africa and increasing cloud capacity and capabilities to enable organisations in the public and private sector to accelerate growth through innovation, agility, and resilience. The multiple hyperscale data centre locations within South Africa now provide Azure, Microsoft 365, Dynamics 365, and...

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CMC Networks launches its Dedicated Internet Access (DIA) Across 51 African countries

CMC Networks has launched IP Premier, a high-performance dedicated internet access (DIA) solution designed to accelerate the adoption of SD-WAN across Africa.

IP Premier provides strict service level agreements (SLAs) related to jitter, packet loss and round-trip delay (RTD), in addition to the standard availability. It provides a trusted foundation for rolling out SD-WAN services and delivering optimised user experience in some of the most challenging markets in the world. The firm says IP Premier delivers...

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[Nigeria] Mastercard signs deal with Lagos State Employment Trust Fund to drive digital financial inclusion for MSMEs

Mastercard has signed a Memorandum of Understanding (MoU) with the Lagos State Employment Trust Fund (LSETF) to provide micro, small and medium enterprises (MSMEs) with access to digital, payment and training tools.

The MoU will boost the capacity of MSMEs to grow their businesses while supporting the startup fintech community in Lagos. Established in 2016, the LSETF tackles unemployment and promotes entrepreneurship in Lagos State by empowering its residents with job and wealth creation opportunities...

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Kenya, Nigeria and South Africa lead fintech growth in Africa, Mastercard report reveals

A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant fintech markets in the continent. The study conducted to evaluate and determine the state of fintechs in the African markets also said that fintechs in Africa grew by 81% in 2021.

The report titled ‘The Future of Fintech: Rapid Growth Attracts Smart Capital, further revealed that fintech startups took up 27% of all the record-breaking deals closed and 61% of the US$2.7 billion pumped into the startup ecosystem in 2021...

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African Business Roundtable sends one message to the African Youth: Welcome to the Board

The African Business Roundtable (ABR), set up in 1990 by the African Development Bank has long since become and remained the foremost institution promoting the interests of the African private sector.

The champion of the local industry, both large and small, the ABR has not slowed down its efforts in bringing to the international stage the impressive potential that lies in African zeal and diligence. Thirty-two years on, the ABR is keeping with the times in every way possible. It's latest move in this...

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[Column] Bruno Fleisch: Cut your data centre’s energy appetite and boost sustainability

Organisations around the world are on high alert for rapid and effective ways to boost their sustainability through cutting their carbon emissions – but are they missing the obvious?

Notoriously energy hungry data centres are an issue that every enterprise can tackle. Using edge computing to move the processing of data closer to where it’s created can reduce the amount of data centre capacity you need. Added to this, edge computing can support Artificial Intelligence (AI)...

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[Column] Benjamin Coetzer: The cloud conversation has changed, it’s faster, smarter and better for business

At the start of the pandemic, anything that could facilitate remote work for scattered business teams, flourished overnight. Microsoft saw two years’ worth of digital transformation in two months.

Video calling company Zoom’s sales went up 370%. And communication platform Discord’s value more than doubled. And cloud is no different. In 2020, 87% of global IT decision-makers concurred that the pandemic would accelerate the shift to cloud. And it has, says Benjamin Coetzer, Director of...

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[Column] Eylem Oruc: Rethinking the data age

Data is the foundation of an intelligent business. But data, data consumers and the business expectations of data have changed. The shifting realities call for a higher level of data maturity and the right technologies to achieve outcomes.

It’s time for businesses to rethink and modernize data management strategies to ensure they’re set up to achieve better outcomes and digitally differentiate.  As every organization races to transform, here are some key shifts...

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[Column] Tjaart Malan: Four ways to overcome common digital transformation challenges

For many organisations, the last few years have been the most disruptive in living memory. Organisations and their IT teams have had to accommodate huge changes to the way people work and deploy new technology tools to support their teams while unlocking new capabilities to meet changing customer demands.

Since the start of the pandemic, organisations have had to enable remote and hybrid work environments, digitise their supply chains to better deal with disruptions, and utilise technology to develop new business processes and revenue...

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[Column] Ivan Kanyali: How diaspora remittances have shaped Kenya's economy

In 2021, remittance inflows to Kenya reached an all-time record of USD 3.71 billion, an increase of more than ten times since 2005. Central Bank of Kenya (CBK) data further shows that in the first nine months of 2022, remittance inflows equaled USD 2.9 billion, a slight improvement from USD 2.7 billion in the first nine months of 2021.

In line with the rising cost of living and inflation globally, the importance of remittance inflows to countries like Kenya are vitally important. A recent multi-country study by the global payments company, WorldRemit, shows that migrants...

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News Headlines

08-12-2022 | 13:44:40
African fintech startup Chipper Cash lays off 13% of its workforce
Many employees from various departments took to their LinkedIn accounts to announce the developments which were later confirmed by VP of Engineering Erin Furaso in a social media post.


08-12-2022 | 12:07:00
Beko rolls out mobile commerce platform for Kenyan consumers
Beko, one of the top 3 large home appliance brands in Europe with a strong footprint in Africa has announced its entry into the mobile commerce space with the rollout of a WhatsApp-powered service


08-12-2022 | 12:00:00
Nigerian mobility fintech Moove raises $30 million for UAE expansion
Nigeria’s mobility fintech startup Moove has raised $30 million to expand its electric vehicle fleet in the MENA region. The funding was raised from a debut sukuk issuance arranged by Franklin Templeton Investments (ME) Ltd.


08-12-2022 | 11:59:00
ONEWEB and Q-KON Africa sign five-year agreement to distribute Low Earth Orbit satellite connectivity services in Africa
Q-KON Africa will be a provider of OneWeb’s high-speed, low-latency satellite internet connectivity in key African countries to benefit schools, hospitals, businesses and governments.


08-12-2022 | 11:21:00
Secteur privé pourrait permettre de stimuler la croissance et créer plus d’emplois au Cameroun,Banque Mondiale
Selon un nouveau rapport publié par la Banque mondiale, le Cameroun pourrait créer de nouvelles sources de croissance économique et stimuler son développement en renforçant la participation du secteur privé dans son économie.


08-12-2022 | 11:11:00
IFC, Airtel partner to support mobile internet connectivity expansion across Africa
To support universal and affordable broadband access in Africa, and the opportunities that come with increased connectivity, IFC announced a loan to Airtel Africa to help connect millions of new subscribers to mobile internet in six African countries.


08-12-2022 | 10:47:54
Clickatell launches chat commerce solutions for travel industry
Added benefits of the Platform include reduced costs for businesses to conduct chat conversations and engagement in real-time or any time communications.


08-12-2022 | 09:44:00
Jumia has announced leadership changes to support its journey towards profitability
New leadership appointed with a plan focused on path to profitability and e-commerce fundamentals.


08-12-2022 | 09:41:25
[Column] Thabiso Foto: Can Africa's startup sector keep up its record funding run amidst global turmoil?
In recent years, amid global economic volatility and uncertainty, Africa's startup ecosystem has shown continued growth, attracting record amounts of funding.


08-12-2022 | 09:16:00
Microsoft’s global digital skills program launched in Kenya
The Skills for Jobs Learning Pathways program has been introduced locally as a build-up to the success of Microsoft's Global Skills Initiative which was launched in June 2020


08-12-2022 | 08:56:00
The cloud is a growing target for cyberattacks, new Sophos survey finds
Among Infrastructure as a Service [IaaS] Users, 56% Experienced an Increase in the Volume of Attacks and 67% Were Hit by Ransomware


08-12-2022 | 06:32:53
[South Africa] Equity crowdfunding platform raises over R6m for two businesses in 6 weeks
The fundraise was facilitated by GoGetta, a newly launched equity-based crowdfunding platform focused exclusively on African businesses.


08-12-2022 | 06:24:00
[Kenya] iColo expects demand for colocation centres to increase
iColo CEO Ranjith Cherickel while speaking during a recent media tour of the firm’s recently opened Mombasa (MBA2) data centre said this increased demand is expected to be in line with the country’s GDP.


08-12-2022 | 06:20:00
[South Africa] VC firm 4Di Capital announces the second close of a new $25 million seed fund
South African- based early-stage technology venture capital fund manager 4Di Capital has announced a close of a new US$25 million seed fund.


08-12-2022 | 06:17:00
MTN named the most compliant listed company on the Nigerian Exchange
The award recognises the listed company with the highest levels of compliance with the Rules of The Exchange and other applicable laws and regulations.


 


 
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