Kenya’s oldest bus operator, Kenya Bus Service Management Ltd (KBS), has acquired its first electric bus as part of a strategic initiative to modernize its fleet. Having operated since 1928, the bus company has added a 36-seater electric bus to its lineup. This bus was constructed at Kenya’s first dedicated, high-volume assembly line, managed by […] More
The insurance industry in Africa is experiencing significant transformation, driven by evolving consumer needs, technological advancements, and shifting demographics. A key demographic group propelling this change is the Millennials generation, born between 1982 and 1994. Market research from IMARC Group projects that the African insurance industry will grow by 6.3 percent between 2024 and 2032, […] More
Risevest, the Nigerian fintech startup known for providing users access to global investments and Nigerian stocks, is currently in negotiations to acquire Hisa, a Kenyan startup that offers users access to US stocks. If successful, this acquisition will facilitate Risevest’s expansion into Kenya. Founded in 2020, this will mark Risevest’s second acquisition following its purchase […] More
Meta has announced the removal of about 63,000 Facebook accounts originating from Nigeria, which were involved in financial sextortion scams. These scams typically involve the perpetrators posing as attractive women to deceive victims into sending nude photographs. Once the images are obtained, the scammers then threaten to release them publicly unless a ransom is paid. […] More
Adenia Partners, known as “Adenia,” has successfully acquired Air Liquide’s operations across 12 African nations, establishing Erium as the first pan-African leader in industrial and medical gases. Effective immediately, the Erium brand will replace Air Liquide in Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Madagascar, Mali, the Democratic Republic of Congo, Senegal, and […] More
Village Capital,a global nonprofit organization dedicated to early-stage investment, has thrown its support behind two African agritech startups: Aquarech from Kenya and Coamana from Nigeria. These startups will receive investments of $350,000 and $500,000, respectively, as part of Village Capital’s Reducing Inequalities Investment Facility. This initiative is backed by FMO’s MASSIF Fund, which has already […] More
TikTok has partnered with Eventbrite, enabling content creators to promote and sell event tickets directly through the app. Creators can now incorporate Eventbrite links into their videos, simplifying the process for viewers to find and purchase tickets for events. This innovative feature, now accessible to creators in sub-Saharan Africa, aims to support local and independent […] More
President Cyril Ramaphosa emphasized the importance of investing in digital infrastructure as a major priority for South Africa’s seventh administration during his opening address to parliament on Thursday night. He noted that digitization will be a crucial driver for job creation. To achieve this, the government intends to accelerate the roll-out of digital infrastructure to […] More
The technology sector is spearheading investment within South Africa’s start-up ecosystem, even amid challenging macroeconomic conditions. This insight comes from the South African Venture Capital Association (Savca), which unveiled the findings of its 2023 Venture Capital Survey on Monday. The survey indicates that South African start-ups secured R3.3-billion in VC funding last year, with an […] More
The highly anticipated Global Tech Africa (GTA) Conference will take place from July 24-26, 2024, at the Landmark Event Centre in Victoria Island, Lagos. This premier event is set to gather a diverse range of participants, including African and international government representatives, visionary investors, trailblazing founders, esteemed academics, dynamic development partners, innovative inventors, and passionate […] More
Zoho, a global technology company, has partnered with She Code Africa (SCA), a non-profit organization dedicated to empowering African women in technology. This collaboration aims to enhance the skills of female tech professionals and students across the continent. The partnership centers around Zoho’s “Train the Trainer” sessions, which will introduce SCA Academy trainers to Zoho […] More
IXAfrica data centres and Schneider Electric are pioneering a new era in Kenya’s digital infrastructure with the unveiling of a state-of-the-art hyper-scale data centre. Their partnership promises to bring world-class, sustainable cloud services to the region, boosting reliability and efficiency. The newly launched facility, NBOX1, is a Tier 3+ carrier-neutral data centre equipped to support […] More
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