Inspiring Africa's Sustainable Business Growth
SOUTH AFRICA – South African startup Cape AI has been acquired by an AI solutions provider Spatialedge in order to scale its offering that makes such solutions available to large enterprises across Africa. Founded in 2019 by Pieter Boon and Adit Mehta, Cape AI helps businesses grow by enabling them to make smart decisions through the use of AI technology.…
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AFRICA – Microsoft, multinational technology corporation, has partnered with Liquid Cloud, a computing service by Liquid Intelligent Technologies, to provide cloud services to businesses in Africa. Through its Africa Transformation Office (ATO), Microsoft aims to deliver resilient cloud services in Kenya, Ghana, Nigeria, Rwanda, Tanzania, Zambia and Zimbabwe through the pact with Liquid Cloud. The two firms also aim to…
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KENYA – Huawei Technologies and Absa Kenya have announced a new partnership to build a new platform to drive the bank’s corporate digital transformation program. The partnership involves establishing a software-defined wide area network (SD WAN), hailed as the next-generation technology and service designed to connect the bank’s branches, and promote smart branch upgrades by constructing a powerful network based…
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NORTH AFRICA – Canon Central and North Africa announced the launch of its revolutionary virtual film school called Canon Academy Video, aimed at providing filmmakers with a dynamic, interactive, and engaging educational platform. Canon is a provider of digital cameras, digital SLR cameras, inkjet printers & professional printers for business and home users With this first of its kind, newly…
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AFRICA – Eutelsat Communications and Liquid Intelligent Technologies (Liquid), have signed a multi-year, multi-beam agreement for capacity on the EUTELSAT KONNECT satellite. This is meant to address the connectivity needs of Small and Medium Enterprises (SME) and Small Office / Home Office (SOHO) customers in Uganda, South Sudan and the Eastern regions of the Democratic Republic of Congo. Under the…
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SOUTH AFRICA – South African gym management software platform Octiv has closed an eight-figure Series A funding round led by venture capital firm Knife Capital. The startup previously raised seed capital from South African angel investors and this round also included an angel investment from an executive at the crypto-powered banking platform BVNK. According to a statement by the company,…
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AFRICA – Microsoft, a technology corporation, has appointed Kunle Awosika as the new Managing Director of its Africa Transformation Office (ATO). He takes over from Wael Elkabbany who has served in the position for barely nine months before being appointed as the firm’s head of Africa Regional Cluster. Kunle, who has an in-depth understanding and passion for Africa’s growth, has…
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KENYA – Technology company Little plans to build an office building at the cost of up to KSh717.4 million (US$6 million) amid its expansion that has necessitated hiring more people. This will see the company launched six years ago exit from one floor rented from a three-storey-block owned by the parent company’s Craft Silicon on Waiyaki Way in Westlands, Nairobi.…
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AFRICA – kfW Development Bank, a German state-owned investment and development bank, is set invest up to €45 million (US$44.7 million) in the Partech Africa fund II, which will finance African startups and small and medium-sized enterprises (SMEs) active in the digital sectors. “KfW is pleased to serve as the lead investor in the Partech Africa Fund II. We share…
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MENA – ArabyAds, an ad-tech company, has raised US$30 million in pre-Series B funding round from AfricInvest, to expand its footprint and further invest it to accelerate its technological advancement and talent acquisition to support the growth. AfricInvest is a leading pan-African investment platform managing multiple alternative asset classes including private equity, venture capital and private credit. The transaction marks…
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