Emerging Markets

Susa Ventures leads $5M seed round to scale Powered By People

Susa Ventures led a $5 million seed round alongside Flexport Fund, Golden Ventures and JVentures that will enable global makers wholesale marketplace Powered by…

CDC Group makes first BBBEE investment in South Africa

Norway’s investment fund for developing countries, Norfund and the UK’s development finance institution (DFI), CDC Group, have commitment to invest R600 million in H1…

IBM launches Sustainability Accelerator

IBM has launched their Sustainability Accelerator, a global pro bono social impact program that applies IBM technologies, such as hybrid cloud and artificial intelligence, and…

Nigeria’s TradeDepot Acquires Ghanaian competitor Green Lion

TradeDepot, the Nigerian B2B eCommerce platform that connects micro-retailers with distributors and manufacturers of fast moving consumer goods (FMCGs), has its Ghanaian competitor, Green…

Four African startups join tenth Catalyst Fund Inclusive Fintech cohort

Global tech accelerator Catalyst Fund, managed by BFA Global, has announced its tenth cohort of fintech companies that are building solutions designed to improve…

[Opinion] Ukeshe details the biggest trends in payments market

Last year saw an unprecedented rate of change in the financial sector, with huge growth in the use of digital financial services. A report…

Newly formed PAGG wants to empower a billion African gamers

Ten African game studios have come together at Africa Games Week 2022 in Cape Town to announce a new initiative to grow the continent’s…

Global Innovation Fund invests R7m to bridge South Africa’s digital divide

The Global Innovation Fund (GIF) has invested $460 000 in Isizwe, a South African internet service provider that promotes access for low-income communities. For…

Alithea IDF announces largest gender-inclusive private equity fund in Africa

Africa’s first women-led and women-focused private equity fund, Alitheia IDF (AIF), has announced the final close of the $100 million (R1 552 898 000,00)…

MTN Nigeria ready to release RCS Business Messaging

MTN is geared to launch Rich Communications Services (RCS) Business Messaging (RBM) Services in partnership with Google and Dotgo. This will allow business to…

Naspers, Lendable and Change Ventures lead $30m Planet42 investment

South African car subscription service Planet42 secured $30 million in equity ($6m) and debt ($24m) financing. Debt venture fund Lendable doubled its initial $10…

Cape Town tumbles down Global Cities Index

This year’s edition of the Kearney Annual Global Cities report once again offers key insights on how COVID-19 and the resulting pandemic response has…

JUMO raises $120m from Fidelity and Visa in bumper funding round

Fintech start-up JUMO has raised $120 million with Fidelity, Kingsway Capital and Visa among the biggest participants in its latest round of funding. This…

Solar startup Sun Exchange secures $2.5 million investment

SA startup Sun Exchange has secured $2.5 million in convertible note financing to continue to scale its solar leasing platform. The startup secured the…

To create jobs, SA needs a tech-enablement bridge (we need Domino’s, not Google) [Opinion]

No matter your politics, everyone in South Africa can agree that we need more jobs and that we need to create more jobs now….

The City of Cape Town say it’s committed to supporting job growth

The City of Cape Town has announced that it is increasing its efforts to support the startup and enterprise sector to spur on job…

African global business services sector to grow to $19.8 billion by 2023 – research

A new report by market researcher Knowledge Executive shows Africa’s Global Business Services (GBS) is expected to grow to nearly $20 billion by 2023….

The ultimate crossover – an expert weighs in on the ‘Metaverse’ [Opinion]

The world has come a long way since 1983. On 1 January that year, the US Military switched on the packet switching TCP/IP protocol…

Transforming B2B payments could grow Africa’s local businesses [Opinion]

The World Bank estimates remittances to the Middle East and North Africa region rose by 2.3% to about $56-billion in 2020. However, global businesses…

Convergence Partners close Digital Infrastructure Fund at $120m

Private equity investor Convergence Partners has announced it has successfully closed its Digital Infrastructure Fund (CPDIF) at $120 million. The firm specialises in investment…

In with the young: Why fintechs need young thinkers to thrive [Opinion]

The traditional finance industry has for a long time been driven by legacy approaches. The rapid growth in fintechs and startups illustrates the growing…

Here’s what you need to know about Zimbabwe’s tech startup ecosystem

Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other…

Close to fifth of Joburg, Cape Town startup founders are immigrants

Almost one in five startup founders in Cape Town and Johannesburg are immigrants, reveals a new report. The 2017 Global Startup Ecosystem report, released…

Broadband Africa Forum 2024

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Trump wins – Tesla goes beyond $1 Trillion

Vivo update – a big safety gain