The International Finance Corporation (IFC) has announced its investment in a risk-sharing facility for the Bank of Africa Group (BOA). This is aimed at easing access to finance for small
To grow its presence in South Africa and beyond, TROOP, a creator of corporate meeting technology and services, announced it had raised $11 million (about R201 million) in Series B
The Nigerian government’s decision to invest $52 million (N24.20 billion) in providing free broadband internet access in 75 public locations across the country is a significant step towards
Microsoft Kenya is reportedly laying off several employees, particularly at its Africa Development Centre in Nairobi. Although the exact number of employees affected is unknown, TechWeez reported that at least
Startups are leading the way in Africa’s industry 4.0. The region is experiencing a transition buoyed by the many new startups building on artificial intelligence (AI) decision-optimization software.
Eagle Towers, the portfolio division of Infra Impact Investment Managers, a South African infrastructure investment company, has secured over $5million (ZAR 100 million) loan facility that will be utilized to
The Wahala Continues
Expectedly, this year began in similar fashion as Q4 2022. The inability of the global economy to handle financial and social inefficiencies has created a devastating wahala
In the last year, tech startup shutdowns have become a recurring phenomenon in Kenya’s tech startup ecosystem, with Zumi, a B2B e-commerce startup, announcing this week that it has
2023 did not start with the buzz that came with 2022. The global tech space was humbled by recurring layoffs with stakeholders looking skeptical to invest as a result of
Meta, the parent company of social media platform Facebook, and its outsourcing partner Sama have been barred from firing content moderators in Kenya by the country’s Employment and Labor
Rwazi, a market intelligence startup, has secured $4 million in seed funding to scale its platform in emerging markets, including Africa, South Asia, and Latin America. The startup provides market
Bahrain-based property technology startup, Estater has secured a $5 million Series A round from undisclosed investors from Saudi Arabia and Bahrain.
Estater plans to use the new funds to develop
