Business articles


Mobile payment provider, Paga raises US$13million in funding round

Mobile payment provider, Paga raises US$13million in funding round

Paga, a leading mobile payments provider in Nigeria has announced it has raised US$13million in a series B funding round. The funds will be used to strengthen Paga’s agent network, create innovative solutions for small and medium enterprises and consumers, and enter into partnerships with banks to offer its massive agent network for use by

My African StartUp is accepting applications for its African Rethink Awards

My African StartUp, an initiative of CEOs of large African companies, top managers and the international media is accepting applications for its African Rethink Awards. The African Rethink Awards is aimed at helping entrepreneurs in Africa to grow, become experts and gain international recognition and visibility. For nine days, major political and economic decision makers from

India to train 150 ICT officers in the Kenyan Government

The Indian government has announced it will train 150 ICT officers within the Kenyan Government in a bid to help improve ICT capacity. This was made known by Hon. Najib Balala, who represented Cabinet Secretary for Information, Communication and Technology, Dr Fred Matiang’i during the just concluded Indo-Africa ICT Summit and Expo in Nairobi, Kenya. The


Rise, Barclays Africa launch The Barclays Accelerator in Cape Town, South Africa

Rise, a community focused on pioneering the future of financial services in Africa has announced a partnership with Barclays Africa to launch The Barclays Accelerator in Cape Town, South Africa. The Barclays Accelerator, the first in Africa, is designed to accelerate fintech-focused startups and it is opening its doors in Cape Town to equip African

Sw7 partners Microsoft BizSpark, Standard Bank Incubator for ‘Accelerate’ programme in South Africa

Start with Seven (Sw7), a South African incubator and accelerator has announced a partnership with Microsoft Bizspark and Standard Bank Incubator to run an acceleration programme, Sw7 Accelerate. Sw7 Accelerate aims to offer the exciting technology and high growth innovation markets a structured acceleration programme. Aside offering a structured acceleration programme, attendees will benefit from


Egypt’s Yaoota raises US$2.7million in funding round

Yaoota, an Egyptian-based shopping search engine has raised US$2.7 in a series A funding round led by KBBO Group, a leading UAE-based investment group with a diverse portfolio of interests. The funds will be primarily used for geographical expansion in the Middle East and Africa (MEA) and to expand its user base locally and invest


Finalists for Appcircus Lagos unveiled

The finalists for Appcircus Lagos, a unique global app showcase and incubation platform, have been unveiled. In no particular order, the finalists and their apps are Adetunji Adelakun (Scantranx POS), Boneri Saborogha (BrainFriend), Josh Okezuo (Koko for Messenger), Felix Rwang-Dung (Ask an Expert Live Chat), Ayodeji Ogunnubi (Campus Pal), Akinwale Oye-Lawrence (Swap Naija), Francis Osifo


Digital Natives wins Women Hackers Unite hackathon in South Africa

Digital Natives have been announced winners of the inaugural women-focused Women Hackers Unite hackathon in South Africa. Digital Natives impressed the judges, which was made up of three top female engineers from Facebook, with its “Update Me” education app. The Update Me app ensures busy parents are constantly informed about their children’s progress in school,


Illuminum Greenhouses wins Seedstars Nairobi

Illuminum Greenhouses has won the Kenyan leg of the SeedStars World Startup Competition which took place at the iHub, Nairobi on October 2, 2015. Nine startups pitched on the night of the event but Illuminum Greenhouses impressed the multi-national jury consisting of Aaron Fu, Managing Partner Africa at Nest; Josiah Mugambi, Executive Director at iHub and others


Focus Hub is accepting applications for its incubation program

Focus Hub, a Port Harcourt-based business and technology innovation hub in the Niger-Delta region of Nigeria has announced it is accepting applications for its incubation program. The incubation program is aimed at helping entrepreneurs in the Niger-Delta region to launch and scale their businesses through collaborative ideation, marketing, sales, fundraising and so on. Focus Hub


Google expands Project Link to Ghana

Google, a US-based multinational technology company has announced it has expanded Project Link to Ghana as it seeks to provide faster and more reliable Internet access to the populace. Google, through Project Link, builds fibre-optic networks, making it possible for local providers to connect more people to the Internet and each other. In Ghana, the


Oracle West Africa opens its headquarters in Lagos, Nigeria

The West African arm of California-based computer technology company, Oracle Corporation, has opened a new office – its headquarters,  in Victoria Island, Lagos. The new office will be home to Oracle’s sales, human resources and operational functions and will service Oracle’s customers in Nigeria and the West African region. With the launch of the new

Europe’s Leading Digital Publisher Axel Springer acquires Business Insider

In a bid to expand its worldwide reach and provide more independent news reports, Europe’s leading digital publisher Axel Springer SE has announced that it’s acquiring leading NYC-based digital business news firm Business Insider. Axel Springer will be purchasing nearly 88 percent of BI’s shares at a valuation of USD 343 million. According to Axel


Siemens Stiftung is accepting applications for its “empowering people. Award 2015” contest

Siemens Stiftung, an international hands-on foundation operating in the fields of basic services, education and culture has announced it is accepting applications for its competition: “empowering people. Award 2015”. The “empowering people. Award 2015” competition is aimed at identifying innovative technical solutions to tackle global challenges in basic supply. The competition is on the lookout


Bidvest, MasterCard launches World Currency Card in South Africa

Bidvest Bank, a fully-fledged niche bank in South Africa and MasterCard have announced the launch of a multi-currency card – World Currency Card. The card allows South Africans that are travelling around the world to load up to 17 currencies – US dollar, British pound, euro, Australian dollar, Thai baht, Canadian dollar and others, onto


Barclays PLC is accepting applications for its fintech-themed accelerator programme

Barclays PLC, a global financial services company is accepting applications for its Barclays Accelerator programme in London, United Kingdom. The accelerator programme is a 13-week programme run by a full-time, dedicated Techstars team designed to accelerate fintech-focused startups. Startups are provided with access to Barclays data and technology, Techstars and Barclays networks, world-class mentorship and


Tech4Africa set to host Startup Day

Tech4Africa, the largest tech innovation, startup and entrepreneur platform in Africa has announced it will be hosting Startup Day immediately after its upcoming Tech4Africa event which will hold from 7 – 8 October 2015. The Startup Day is an event set aside for startups and founders put together by entrepreneurs for entrepreneurs with participants getting

Beyonic partners Mobile Accord, to expand further across Africa

Beyonic, a technology company aiming to eliminate the rampant use of cash in emerging markets has announced a partnership with Mobile Accord, a mobile platform company powering communication for social good in a bid to expand its services into key African markets. Beyonic, through partnership with mobile network operators and digital financial service providers allows