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Raxio Opens a Data Centre in Mozambique and Plans to Launch More Facilities on the Continent
Raxio Group has announced the opening of its first facility in Mozambique as part of its $290 million investment strategy on the continent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- data, infrastructure
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Kenya’s Copia Mulls Shutdown Amid Plans to Lay Off Over 1,000 Staff
The layoffs would be a drastic cost-cutting measure for the company.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- distribution, e-commerce, employment, failure, startups
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Press Release: Microsoft and G42 Announce $1 Billion Comprehensive Digital Ecosystem Initiative for Kenya
The largest single private-sector digital investment in Kenya’s history will support economic development across East Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: TaroWorks Is Offering $20,000 Grant to a Humanitarian Aid Organization to Digitize Its Field Operations With Last-Mile Technology
TaroWorks, in collaboration with Qualcomm Wireless Reach, is excited to announce a $20,000 humanitarian technology grant — a funding opportunity for non-profit organizations dedicated to providing humanitarian aid to vulnerable populations in hard-to-reach environments.
- Categories
- Technology
- Region
- Global
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South African Fintech Company Adumo Acquired by Lesaka in $85.9 Million Deal
Adumo is South Africa’s largest independent payments processor, assisting approximately 23,000 active merchants.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Promoting Financial Inclusion in the Caribbean: A Broken ATM in the Bahamas Reveals the Need for Digital Banking Solutions Across the Region
Imagine if your only access to your salary and savings depended on a single ATM. Now imagine that someone takes a hammer and smashes it up. As Nicholas Rees at Kanoo Pays explains, that was the situation facing a community in The Bahamas after vandals damaged the district’s sole ATM. He discusses the challenges experienced by remote, cash-dependent populations across the Caribbean, and explores how Kanoo Pays' digital wallet leverages offline payment capabilities and Central Bank Digital Currencies to address these customers' unique needs.
- Categories
- Finance, Technology
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Amazon Takes its E-Commerce Machine to Africa
Amazon rolled out its online shopping service in South Africa, marking the U.S. giant’s entry into Africa’s e-commerce space.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- corporations, e-commerce
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Maad Raises $3.2M Seed Amid B2B E-Commerce Sector Turbulence in Africa
Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the wider Francophone region.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, startups
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