Alphabet Inc’s Google is investing in its first ever Africa product development centre in the Kenyan capital Nairobi, it said, as it positions itself to serve a growing base of internet users on the continent. By the end of this decade, the continent will host 800 million internet users, the California-based firm said, and a […]
Africa
Cryptocurrency is gaining speed in South Africa, as the government made it clear in its 2022 Budget Speech that it is taking it very seriously, says Tax Consulting SA. In the Budget Review 2022, the government established its cards on the table by proposing that regulatory bodies safeguard the crypto owner, the firm said. Tax […]
International tech powerhouse Microsoft announced Wednesday new initiatives to speed up the development of 10,000 African startups and quick-track investment in Africa’s startup environment during the next five years. According to the tech giant’s announcement, the new initiatives will be responsible for its recently established Africa Transformation Office (ATO). As such, the Founders Hub […]
The World Health Organization (WHO) announced that the six African countries would obtain technology to tool them with the needed means to produce their own COVID-19 vaccines. In an effort to minimize global reliance on vaccine manufacturing from companies outside the continent, the WHO added Egypt, Tunisia, Kenya, Nigeria, Senegal, and South Africa would have […]
In a report released by the Tony Blair Institute for Global Change, Africa could be taking the lead in securing whopping funding exceeding $90 billion by 2030 for tech startups, once policymakers drive growth by trailing essential reforms. The British institute estimated in its report a business-as-usual scenario compared to an enhanced policy-environment scenario by […]
Intersat, provider of broadband Internet connection solutions via satellite, announced on Wednesday the purchase of additional data capacity on Eutelsat Konnect. The companies will strengthen their connectivity offer in Senegal, Guinea Bissau, and the Gambia. The signing of this agreement indicates the company’s ambition to meet the growing needs of Africans for “powerful, fast and high-quality […]
Kenya-based Business to Customer e-commerce company, Copia Global, secured a $50 million funding in a Series C equity round directed by Amsterdam-based Goodwell investments. The financing round admits a variety of investors, including “Zebu Investment Partners, the U.S. International Development Finance Corporation (DFC), Koa Labs, Loghtrock, German development finance institution (DEG), and Perivoli Innovations,” according […]
Two early-stage investors riding the modernization wave of the African continent have expressed interest in listing a blank-check company focusing on technology companies in the region. Vishal Agarwal, an investment banker, and Raj Kulasinggam, a corporate lawyer, are seeking out the possibility of pouring investments into Africa, following the success of similar investors in companies […]
The Covid-19 pandemic paved the way for a comprehensive technological adoption to push digital payments platforms to reach thousands, if not millions, of users in Africa, with the adoption of contactless means to conduct transactions. What was once perceived as a luxury for making payments now has become a necessity for the sustainability of Africa’s […]
Kenyan tech-led consumer credit platform, Lipa Later, announced plans to reach different frontiers by widening its horizon to reach new markets in Africa, and be endorsed by a $12 million pre-Series A funding. Steered by Cauris Finance, Lateral Frontiers VC – one of the platform’s first investors – and GreenHouse Capital, the equity and debt funding round was also […]