News

AfricArena crowns top start-ups at Jo’burg summit

AfricArena, Africa’s leading start-up accelerator, has announced the winners of its Johannesburg summit. The event showcased innovative start-ups from the region, with winners in…

Apis Growth Fund II to invest €29M in digital payment provider Peach Payments for African expansion

UK-based asset manager Apis Partners LLP’s private equity fund, Apis Growth Fund II, has proposed a €29m ($31m) investment in Peach Payments, a rapidly…

Paymenow raises $14m for groundbreaking EWA platform

Paymenow, a market-leading Earned Wage Access (EWA) platform, has secured a R250 million (about $14 million) debt facility through Rand Merchant Bank (RMB), marking…

Africa’s VC industry growing slowly: $4.8b raised in 2022

Africa’s venture capital (VC) industry experienced a downturn in 2022, with only $4.8 billion raised in the continent, according to Oliver Dickson, an SAFM…

TROOP raises $11m for South Africa expansion

TROOP, the global developer of corporate meeting technology and services, announced that it has secured $11million (about R201 million) in Series B funding to…

Taxing mobile money hampers financial inclusion in Africa

Mobile money services have been instrumental in driving financial inclusion across Africa. However, taxation policies imposed by governments could have unintended consequences on the…

Start-up survival metrics: Butkow’s top tips

Kalon Ventures chief executive Clive Butkow urged start-up founders to fully understand six survival metrics: cash runway, customer acquisition cost, gross margin, net burn,…

HAVAÍC joins pre-series A round to expand Tanda

Cape Town-headquartered venture capital firm HAVAÍC has completed its third investment in Kenyan fintech Tanda. The investment from the firm’s $20 million HAVAÍC Universum…

Metaverse experience: What does it really look and feel like?

The metaverse is commonly hailed as the evolution of video conferencing. We’ve all heard that this ground-breaking technology will take hybrid working to a…

OpenIX: ‘Forget tenders. Turn to open innovation instead’

South Africa is a country brimming with ingenuity. Yet millions of high-potential innovations which could have a significant impact on employment, service delivery and…

Strong growth in SA extends Talk360 seed funding to $7m

International calling app Talk360, which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has…

Climate change: SA start-up explores carbon offsetting

A South Africa-founded climate fintech start-up, Curbon, is on a mission to measure the impact online shopping has on the weather. Curbon co-founder and…

Digital wellbeing: SA ranks 66th in world

South Africa might have the most affordable mobile internet in Africa, but in terms of overall digital wellbeing it ranks 66th in the world….

New academy to support African start-up founders scale

Early-stage start-ups in Africa that have already raised $2 million can now sign up for a brand-new academy launched by DAI Magister, a boutique…

MIC invests R10m in crowd-farming fintech Livestock Wealth

A crowd-farming start-up in South Africa, Livestock Wealth, has been described as the “perfect example” of the kind of business the Mineworkers Investment Company’s…

Digital identity startup iiDENTIFii raises record $15m

The South African biometrics start-up iiDENTIFii has raised $15 million growth capital. The round was led by African investment company Arise whose cornerstone investors…

Kenya, Nigeria see big increase in financial phishing attacks

Attacks in the financial sector are becoming increasingly corporate-oriented and shifting away from consumers, according to Kaspersky’s latest financial cyberthreats report. New data shows…

Sustainable energy start-ups can apply for $68k each

Women-led start-ups with sustainable energy solutions in Ghana, Malawi, Morocco, and South Africa are invited to apply for funding of up to R1.2 million…

Launch of all-women accelerator GrindstoneX celebrated

With its vision to develop the top 30 women-founded start-ups in South Africa over the next three years, Grindstone and Naspers Labs have lifted…

How Yellow increased revenue by 1 500% during pandemic

With its mission to supply solar home systems in Malawi and Uganda, the African fintech start-up Yellow grew its revenue by 1 500%, and…

#SAIS2022: Innovation Fund pays out R469m in 18 months

“Every deal makes a difference to small business because those business owners contribute more to local economies than anyone else.” This is the view…

Grindstone gives Singapore tech start-ups a leg-up in SA

Tech start-ups based in Singapore can look forward to greater access to innovation and business partnership opportunities in South Africa following the launch of…

$50m Knife Fund III to drive innovation in Africa

Standard Bank and the SA SME Fund have joined other investors in backing venture capital firm Knife Capital’s new $50 million African Series B…

Lenovo Legion Go S: A Game-Changer in Handheld Gaming

LG Unveils World’s First Bendable 5K2K Gaming Monitor, Winner of Three Awards at CES 2025

Savant Launches Savant Build Cohort 3 to Accelerate Deep-Tech Innovation in the Green Economy

Simplicity at scale: The role of leadership in agile transformation

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

Afeela is Honda’s luxury EV – with Sony tech

Territory 1.8T Titanium 2025 review

New York congestion charge and city cars