Nigeria’s Paga Acquires Ethiopia-based Apposit

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…

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42 Young African Social Entrepreneurs to Receive $400,000 Grant from USAID, Citi Foundation

U.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…

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African Tech Firms Invited to Join UK-led Growth Project

The 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…

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Global Tourism Spending Grow Amidst Economic Melt-Down, Africa Records +4% Leap

Against 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…

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African Tech Startup Funding Hits $491m

2019 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…

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Uganda Digital Economy Opens Up with More Transactions Going Online

The 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…

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Yale African Initiative to Expand Partnerships in Nigeria

Yale 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…

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Facebook Accelerator Startups in Nigeria Record $500,000 in Investments,Grants

Startups 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…

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Home Shopping Retailer Turns Browsers into Buyers with Oracle Cloud

Home 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…

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MTN Share Price Up By 5.3% After Revoked Tax Case

The 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…

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