Nigerian fintech startup Paga, poised for global expansion, has announced its acquisition of Apposit, a United States (US)-based technology company with operations in Ethiopia. Founded in 2009, Paga provides Nigerians with safe and convenient ways of making payments, allowing money to be sent to any phone number for the beneficiary to redeem at a Paga […]
Read MoreU.S. Agency for International Development (USAID) and U.S. African Development Foundation (USADF), and CITI Foundation team up to invest in Young African Social Entrepreneurs Goal of the public-private partnership is to increase the commercial know-how and access to seed capital of Africa’s next generation of business leaders and social entrepreneurs The U.S. Agency for International […]
Read MoreThe United Kingdom (UK)’s Department for Digital Culture, Media and Sport launches scheme to develop next generation of African start-ups even as application process is underway for government ministers and business leaders to attend first ever UK-Africa Investment Summit; Africa has a fast-growing tech sector which is driving growth and creating jobs on the continent […]
Read MoreAgainst a backdrop of global economic slowdown, tourism spending continued to grow, most notably among the world’s top ten spenders. France is reported to be the strongest increase in international tourism expenditure among the world’s top ten outbound markets (+11%), while the United States (+6%) led growth in absolute terms, aided by a strong dollar. […]
Read More2019 was the best year yet for investment into the African tech startup space, with 311 companies banking a combined US$491.6 million. This is according to the annual African Tech Startups Funding Report 2019 released by startup news and research portal Disrupt Africa, which is now in its fifth year. The report, which tracks the […]
Read MoreThe Next Stage of Uganda’s Digital Economy Will Be Powered by Open Application Programming Interfaces (APIs) Today the vast majority of the applications used in Uganda are still private and the Application Programming Interfaces (APIs) are only available to third parties at exorbitant costs. While about 18 million Ugandans are now able to access services […]
Read MoreYale Africa Initiative, a long-term university wide commitment to enhance Yale’s ongoing bilateral engagement with African institutions and to bring African scholarship, research, and education is expected to be the focus as its President Peter Salovey visits Nigeria to expand partnerships. He will participate with the university’s collaborators in meetings, events, tours, and other activities […]
Read MoreStartups participating in the second season of the Facebook Accelerator Programme have recorded significant achievements, including raising over $500,000 in committed investments and grants in just three months (halfway through the programme). Within the same period, they have also made significant product pivots, sealed key partnerships and made progress towards creating unique products with world-class […]
Read MoreHome Choice, one of South Africa’s home shopping retailers and financing providers, has deployed Oracle Retail Cloud in just 12 weeks to deliver the products and offers that turn browsers into buyers. Shoppers look to Home Choice to discover name-brand furniture, electronics, and appliances at competitive prices. Offering a wide range of easy finance options, […]
Read MoreThe share price of MTN increased by 5.3 per cent to 83.67 rand on Friday following the announcement of the revocation of its $2bn tax case in Nigeria. The increase in the share price pushed the company’s market value to 158 billion rand ($11.1bn), according to Bloomberg. MTN, in a letter filed at the Nigerian […]
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