Skaleet partners Mobiblanc for cutting-edge technology to serve banks across Africa

MOROCCO – Skaleet, an international fintech providing a next-generation Core Banking Platform (CBP), has partnered with Mobiblanc, an Agile Digital Services Enterprise (ESN), to offer turnkey solutions to financial institutions across Africa. The partnership will ensure that financial institutions have the capacities to launch new digital and innovative financial solutions that they can provide to their customers, whether businesses or…

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Oracle opens new research and development lab in Morocco

MOROCCO – American multinational computer tech firm Oracle has announced it will establish a new branch of Oracle Labs, Oracle’s advanced research arm, at Casanearshore Park in Casablanca, Morocco, to house up to 100 researchers. Researchers at the new facility will use Oracle’s cloud, AI, and machine learning technologies to tackle the most pressing challenges facing business, science, and the…

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Egypt’s Instabug closes US$46M series B round to eliminate bugs within Apps

EGYPT – Egypt’s software company that provides bug reporting, and app performance monitoring, Instabug, has closed US$46 million in series B funding round to eliminate bugs within Apps The funding round was led by global software investor Insight Partners, with participation from current investor Accel and new investors Forgepoint Capital and Endeavor. The raise comes just over two years after…

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Internet service provider TooMuchWifi secures US$585k investment from BLOC SA

SOUTH AFRICA – The BLOC Smart Africa fund (BLOC SA), initiated by the Smart Africa Alliance and managed by Bamboo Capital Partners, has announced an investment of US$585,000 in TooMuchWifi, a South African internet service provider. BLOC SA led the US$1 million pre-series A round, catalysing additional capital from Connectivity Capital, Atreyu Investments and a European Family Office together with…

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United Kingdom avails US$220m financing to improve access to high-quality internet in Kenya

KENYA – The United Kingdom, through the British International Investment (BII), has availed financing worth US$220 million to improve access to high-quality internet in Kenya. BII chief executive Nick O’Donohoe said that the financing is part of its drive to channel greater funding to, among others, help drive innovation and the digital economy. O’Donohoe was speaking at a function in…

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Identitypass secures US$2.8M seed funding for biometric identity verification across Africa

AFRICA – Lagos-based digital security platform, Identitypass has secured US$2.8 million in seed funding to extend its biometric identity verification service across Africa. The funding round was led by Marc Ventures Capital, and from Y Combinator, Soma Capital, True Capital Fund, and Sherwani Capital LP, among other funds. The startup will use the funding to increase its current facilities, roll…

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Norwegian company Elopak completes acquisition of MENA’s Naturepak

MENA – Global supplier of carton packaging and filling equipment, Elopak, has acquired Naturepak, the leading gable top fresh liquid carton and packaging systems supplier in the MENA region. The move has earned the Norwegian packaging manufacturer additional production facilities in Morocco and Saudi Arabia, expanding its extensive global network, which already encompasses customers across 70 countries. It has also…

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Credit Agricole partners Mastercard to introduce innovative payment solutions in Morocco

MOROCCO – Credit Agricole (CAM) has signed a long-term strategic partnership with Mastercard to implement new technologies, products, and services that will render transparent and secure transactions for the Moroccan market. With the agreement, CAM becomes the first African bank to launch the cards digitization service on E-commerce websites that supports the Mastercard’s digital enablement service for merchants also known…

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Liquid Intelligent Technologies set to acquire Israeli-based tech company Telrad

AFRICA – Liquid Intelligent Technologies, a pan-African technology group and a business of Cassava Technologies, has confirmed that it will acquire Telrad, an Israeli-based technology company, for an undisclosed sum. Telrad delivers technology products and services to global business and governments, offering solutions across a range of business areas including networking, cyber security, cloud infrastructure, data centres, information technology, geoinformatics,…

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Computing company inq. Acquires Syrex, expanding its coverage to South African market

SOUTH AFRICA – inq., a leading Edge computing company, has announced that it has reached an agreement to acquire Syrex for an undisclosed amount. With a presence in 9 countries, this strategic acquisition will see inq., part of Convergence Partners, expand its coverage to the South African market to ultimately facilitate and operate its African divisions, and integrate Edge Computing…

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