Business

About 91% of Africans  Prefer Digital Payment to Traditional Methods, Says Report

AMA PRESS RELEASE In a groundbreaking survey conducted across the continent, RegTech Africa and Agpaytech have revealed a seismic shift in consumer preferences towards digital payment methods. With 2,591 respondents from diverse regions, the findings underscore a resounding vote of confidence in electronic transactions, with a staggering 91% of participants expressing a clear preference for […]

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Business

Yango Delivery Launches Cargo Express to Improve Large Item Shipping Efficiency in Africa

AMA PRESS RELEASE Yango Delivery, a technology company providing a platform for placing and receiving in-city delivery orders has introduced Cargo Express, its latest offering designed to streamline the delivery of large and bulky items across Africa. This service targets a critical need in the rapidly growing e-commerce sector for reliable and efficient shipment of […]

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Technology

MarkHack 3.0 Opens Portal for Application, Promise $10,000 Equity Investment

GDM Group, a marketing and media technology company, and Eko Innovation Centre, a renowned startup accelerator, proudly announce the launch of MarkHack 3.0, themed “BEYOND LIMITS – Unleashing Creativity with Emerging Tech”. This exciting initiative invites innovators, entrepreneurs, and marketing professionals to collaborate and develop groundbreaking solutions for real-time challenges in the marketing and media […]

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Business

Expert Hypes on eCommerce Impact on SMEs Business Growth, Lauds Ecobank’s  MySME Initiative 

Operators of small and medium enterprises (SMEs) in the country need to leverage on eCommerce to boost sales and grow their business.  This view was canvassed by Chief Commercial Officer, Jumia Nigeria, Ijeoma Arum,  in her presentation titled: Growing your business, presented at the maiden edition of Ecobank Nigeria’s MySME Growth Series. The MySME Growth Series is an […]

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Technology

Amazon Unveils Generative AI Employee Assistant

Amazon Web Services (AWS) has launched Amazon Q, a new type of generative artificial intelligence (AI) assistant that it says is specifically developed for work and can be tailored to a customer’s business. Speaking at his company’s annual re:Invent conference in Las Vegas this week, AWS CEO Adam Selipsky kicked off a programme filled with discussion around […]

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Business

Scan to Pay Unveils Voucher System for Consumers in Over 600,000 Locations

Scan to Pay, powered by Ukheshe, the largest QR payment ecosystem in South Africa, has unveiled a significant expansion of its voucher system. This new phase introduces the ability for South Africans to purchase and share Scan to Pay voucher directly via the app, giving shoppers access to an impressive network of over 600,000 locations.  Tracy-Lee […]

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FinTech

Virtual Card Spend Driven by API-based Issuing to Reach $13.8trl  by 2028

By 2028, global virtual card spend will have increased by 355%; from $3.1 trillion in 2023. The key driver will be the adoption of API-based virtual card issuing platforms, a new study by Juniper Research, revealed. Virtual cards use randomly generated and generally temporary card numbers linked to a payment account, which are used to […]

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E-Commerce

Nigeria’s Trade Finance Startup, FrontEdge Raises $10m for Africa’s Cross-Border Biz

Nigerian trade finance startup FrontEdge, which helps facilitate cross-border trades for African SMEs, has raised $10 million in debt and equity funding to scale operations across Nigeria, Kenya and other African countries. Founded in 2021 by Moni Alli, Front Edge specialises in providing working capital solutions and software tools for exporters and importers in emerging markets. The […]

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Financial

Failed SAP Enterprise Solution Crashes Spar into Financial Mess

Spar’s failed SAP enterprise resource planning (ERP) system cost the retail group R1.6 billion. In a trading statement for the year ended 30 September, issued today, Spar says: “The unsuccessful launch of Spar’s new ERP IT system (SAP) at the KwaZulu-Natal (KZN) distribution centre impacted the KZN trading performance severely, causing a loss of group turnover […]

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BrandTech

JUXTA Unveils Micro-Store to Liberate Operators from Financial Cost & Logistical Pain

JUXTA, a global technology- and micro-convenience retail-company launched in August, has released further details highlighting how the brand’s autonomous Nomad micro-store provides the ideal technological solution to liberate operators from the overwhelming challenges imposed upon the convenience retail industry by the ongoing global labor shortage. Numerous reports have underscored the magnitude of the impact caused […]

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