In response to the growing demand for its load-shedding app, the City of Cape Town has introduced an all-inclusive service-related municipal app. The new app, launched under the City of
InDrive, an e-hailing service in Southern Africa, has introduced a Safety Pact on its web and mobile applications. The agreement involves three parties: passengers, drivers, and InDrive itself, and it
African Rainbow Capital (ARC), a Patrice Motsepe-controlled investment holding company, has acquired a minority shareholding in GoSolr, a residential solar energy company in South Africa.
Visa has introduced a fresh initiative called the Africa Fintech Accelerator programme, which aims to support African startups by providing them with expertise, connections, technology, and investment funding.
The initiation
Acorn Fintech, a South African start-up has just received funds from EPT Tech Fund, a venture capital firm. The venture capital firm is focused on emerging start-ups in Africa, aiming to secure pre-seed funds. The announcement was made on Tuesday by Joanna Govender, CEO of EPT Tech Fund.
Through the Southern Africa Innovation Bridge Portal initiative, the World Bank has provided financial support to ten fintech start-ups. This initiative has created an opportunity for underserved communities, which are
In South Africa, parking problems are widespread and affect both commercial and residential areas. The influx of residents and tourists in cities contributes to a shortage of parking spaces. Parket,
The development of Neo Touch was a complex and time-consuming process, requiring nearly 15 months of collaboration between Yoco's engineers and industrial experts.
In April, the company initially revealed its intention to acquire Dariel, stating that it aimed to obtain the entire company for a total purchase price of R85.3 million.
The VC slowdown in 2023 so far (Jan.–June) has been characterized by a YoY halving of both the number of $1 million+ deals and the amount raised (excluding exits) and mounting pessimism across sectors and among founders.
