The Africa Fintech Network, which comprises national fintech associations from different African countries, says it plans to unify and channel African fintech initiatives towards producing solutions to drive indigenous creativity and innovation in the continent. According to a statement on Monday, the network was inaugurated recently during the opening session of the maiden Africa Fintech […]
Read MoreNew Border Management System (BMS) and e-Immigration solution builds on Gemalto’s successful Visa Management System (VMS); Self-service eKiosks has been flagged-off to deliver a safer and speedier experience for passengers in Uganda and enhanced with Fingerprint and facial recognition that ensures accurate identification of travelers. Gemalto, in cooperation with local partner SCINTL, has been awarded […]
Read MoreThe UNICEF Innovation Fund is looking to make equity-free investments of up to US$100,000 in startups using data science, machine learning, artificial intelligence (AI) or similar technologies. UNICEF has rolled out a host of individual funds in recent years, including ones for blockchain, VR and drone startups, and backed the likes of South Africa’s 9Needs […]
Read MoreNigerian startup Delivery Science is using its Fieldinsight product to help consumer goods companies gain insight into smarter deployment of their people, assets and products out in the field. Delivery Science was founded in 2014 after co-founder and chief executive officer (CEO) Lanre Oyedotun’s haulage business was dealt a huge blow by a driver stealing […]
Read MoreThe Uganda-based off-grid solar company SolarNow has closed its largest financing facility to date through SunFunder, with Oikocredit and responsAbility contributing to a US$9M debt funding round. The facility is the third structured asset finance instrument arranged for SolarNow by the Nairobi-based SunFunder, after previous ones in 2016 and 2017, and will enable the company […]
Read MorePan-African telecoms group Liquid Telecom has appointed Mohamed Abdel Bassit as its new Regional CEO for Middle East and West Africa (MEWA), effective January 1, 2019. The new regional CEO will be responsible for driving Liquid Telecom’s expansion across MEWA region Based in Cairo, Bassit will oversee the group’s expansion further into MEWA following the […]
Read MorePreliminary results for the fourth quarter of 2018 (4Q18) showed shipments of traditional PCs (desktop, notebook, and workstation) totaled just over 68.1 million units, marking a decline of 3.7% in year-on-year terms, according to the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. The results slightly outperformed the forecast, which called for a […]
Read MoreVenture capital (VC) firm Oui Capital has launched a $10 million fund for investments in innovative tech startups from Nigeria, Kenya and South Africa. Oui Capital has been launched by, among others, Oluwaseun Oyinsan, previously in charge of investments at Ingressive Capital, an early-stage venture fund that has made investments in the likes of Paystack, […]
Read MoreSwedish mobile telecom equipment maker Ericsson will book charges of 6.1 billion crowns ($687 million) for the fourth quarter as it abandons an unsuccessful strategy for its loss-making Business Support System (BSS) unit. The unit provides real-time charging and billing products and had tried to scale up to help customers with large transformation projects but […]
Read MoreRobotic Process Automation (RPA) revenues in banking will reach $1.2 billion by 2023. With an estimated revenue above $200 million in 2018, this represents a growth of over 400% over the period. New data from Juniper Research analysed around 20 leading RPA vendors in terms of AI capability, product innovation and financial services specialisation. The […]
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