Mastercard partners Musafir for seamless travel bookings across MENA region

MENA – Payments technology company Mastercard has partnered with Musafir to take travel bookings originating in the Middle East and North Africa, to new heights. The exclusive partnership will digitize end-to-end payment flows and launch new innovative payment products with attractive travel benefits to both consumers and corporates. According to an analysis by the Mastercard Economics Institute, if flight booking…

Read More

Tech companies Kelo and Rentoza secure US$2m from Khulisani Ventures

SOUTH AFRICA – The Mineworkers Investment Company’s (MIC’s) Khulisani Ventures has concluded its first allocation of R43.5 million (US$2.75m) to technology companies Kelo and Rentoza. MIC Khulisani Ventures, a R150 (US$9.47m) million early-stage investment vehicle targeting black-owned innovative, high-growth startups in South Africa, was launched in July 2021. With the exception of primary agricultural and primary extractive industries, this investment…

Read More

Avanti Communications partners Free to build and host new HYLAS 4 satellite gateway in Senegal

SENEGAL – Avanti Communications (“Avanti”) has signed a five-year partnership agreement with Free to build and host a new satellite gateway in Senegal for Avanti’s HYLAS 4 state-of-the-art Ka-band satellite. The new gateway will extend the coverage of Avanti’s latest satellite, HYLAS 4, to Senegal and the neighboring West African countries of Guinea, Sierra Leone, Guinea Bissau, Gambia, and Liberia,…

Read More

Software company DVT to launch in Kenya, appoints Don Omondi as Country Manager

KENYA – Global software and solutions company DVT has announced the official opening of its Kenyan office, located at Eaton Place along United Nations Crescent in Gigiri, Nairobi. Don Omondi, who has been working with DVT since its entry into Kenya, has been appointed Country Manager for DVT Kenya. He says Kenya holds an immense talent pool that is both…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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,…

Read More

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…

Read More