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Africa

In order to propel digitalization, Airtel Africa selects Nokias iSIM technology.

Airtel Africa has chosen Nokias iSIM Secure Connect technology in a softwareasaservice SaaS delivery model as part of the operators broader digitisati

Airtel Africa has chosen Nokias iSIM Secure Connect technology in a softwareasaservice SaaS delivery model as part of the operators broader digitisation initiatives. This technology enables communication service providers CSPs and companies to manage machinetomachine and consumer device subscriptions for eSIM and iSIMenabled devices in a safe manner. Airtel intends to launch the solution in ten additional African nations over the following year. Nokia is happy to assist Airtel in Africa in expanding its digitisation initiatives and providing innovative ondemand services to its consumers, therefore altering their lives. Read More..

B2B Tech News | 15 hours ago         

Nigeria opens a $672 million technology fund to help its startups recover from the US bank collapse.

Nigeria has established a $672 million fund to support its tech startups, with the goal of reducing reliance on startup funding from the United States

Nigeria has established a $672 million fund to support its tech startups, with the goal of reducing reliance on startup funding from the United States. The fund is intended to assist young entrepreneurs aged 15 to 35 who have had difficulty raising capital in the creative and technology sectors. However, the initiative has a flaw because the governmental fund would require collateral, which many startups do not have. The failure of SVB, Silvergate, and Signature banks in the United States has had a significant impact on the industry, with Y Combinator recently stating that onethird of its communitys startups used SVB as their sole bank account. Read More..

B2B Tech News | 15 hours ago         

NBTE, foundation accomplice to start confirmation in sunlight based tech

The Asteven Energy Institute is collaborating with the National Board for Technical Education NBTE to provide a National Innovation Diploma NID in Sol

The Asteven Energy Institute is collaborating with the National Board for Technical Education NBTE to provide a National Innovation Diploma NID in Solar Energy Technology. The institute made the announcement during a virtual stakeholders meeting in Lagos on Thursday, which was broadcast live by the News Agency of Nigeria NAN. Dr Sunny Akpoyibo, President of Asteven Energy Group, emphasised the importance of certification in the countrys renewable energy sector in accordance with global best practises. Prof. Magnus Onuoha, Rector of the Institute, stated that the certification would allow for continuous upskilling and reskilling capacity in the industry. The NID for Solar Technology is a foursemester practical programme a twoyear diploma programme designed as a schooltowork transition. Read More..

B2B Tech News | 15 hours ago         

Launching a $95 million venture capital fund to support the African tech sector is Egypts Flat6Labs.

A $95 million seed fund has been established by Flat6Labs to support earlystage technological startups in Africa. North Africa, West Africa, and East

A $95 million seed fund has been established by Flat6Labs to support earlystage technological startups in Africa. North Africa, West Africa, and East Africa will be the three key investment regions that the Africa Seed Fund ASF will concentrate on. For the next five years, it will invest in more than 160 earlystage tech startups with a focus on markets that hasten digital inclusion and fields that help solve social and environmental problems. The fund has the potential to produce more than $700 million in income, 14,000 new employment, and support more than 1,200 founders, 20% of whom will be women. Under the Africa Seed Fund, Flat6Labs is investing in preseed to preseries A stage businesses with tickets costing between $150,000 and $500,000. Read More..

B2B Tech News | 3 days ago         

New fund from MENA VC Flat6Labs to support East and West African startups

Flat6Labs is one of Africas most active venture capital firms, having invested in over 100 startups across the Middle East and North Africa MENA regio

Flat6Labs is one of Africas most active venture capital firms, having invested in over 100 startups across the Middle East and North Africa MENA region. After 11 years, Egypts seedstage accelerator is expanding into East and West Africa with a $95 million Africa Seed Fund investment vehicle. The fund will invest in startups in fintech, health tech, logistics, mobility, clean tech, agtech, retail, and ecommerce. Flat6Labs will invest between $150,000 and $400,000, with additional investments up to $500,000, to ensure ongoing support. Flat6Labs seed programme will accept 10 to 15 startups every six months, with the goal of supporting up to 170 startups over the next five years. Read More..

B2B Tech News | 4 days ago         

PayForce is acquired by Nigerian creditfocused fintech FairMoney in a retailmerchant banking deal.

FairMoney, a Nigerian creditled digital banking platform, has acquired PayForce a subbrand of YCbacked CrowdForce, a merchant payment service for smal

FairMoney, a Nigerian creditled digital banking platform, has acquired PayForce a subbrand of YCbacked CrowdForce, a merchant payment service for small businesses. The transaction was a cashandstock transaction worth $15 million to $20 million. Oluwatomi Ayorinde, CEO of PayForce, has joined FairMoney to lead the companys payments business unit, PayForce by FairMoney. As the digital retail and merchant banking space has heated up, both companies flagship products have given way to a slew of new offerings. PayForce began by providing POS devices to merchants and enabling them to offer cashin, cashout, transfer, and bill payments to retail customers while supplying liquidity through a network of partners. FairMoney, on the other hand, began with a digital lending product that offers loans ranging from 15 days to 24 months. Read More..

B2B Tech News | 4 days ago         

Foundry, Naspers $100 million fund for South African startups, is no more.

The R1.4 billion $100 million South Africafocused venture capital firm Naspers Foundry has ceased operations. Naspers is the most valuable IT business

The R1.4 billion $100 million South Africafocused venture capital firm Naspers Foundry has ceased operations. Naspers is the most valuable IT business in Africa by market value. Naspers will no longer have a specific staff devoted to working with South African companies as it is aligning its efforts with the strategy it uses worldwide through Prosus Ventures. Naspers has reassessed its earlystage investment strategy in South Africa to bring it in line with its international approach because the global investment landscape has changed. In line with its other global markets, Naspers will continue to assist the growth of South Africas earlystage tech industry by evaluating the market and potential new prospects. Read More..

B2B Tech News | 5 days ago         

New fund from MENA VC Flat6Labs to support East and West African startups

The $95 million Africa Seed Fund is the first initiative beyond the MENA region for Egyptbased Flat6Labs, a seedstage accelerator. With twothirds of i

The $95 million Africa Seed Fund is the first initiative beyond the MENA region for Egyptbased Flat6Labs, a seedstage accelerator. With twothirds of its allocations still going to businesses in North Africa, the growth will be modest. Kenya and its surrounding markets in East Africa would be added to the fund, as well as the francophone and anglophone regions of West Africa, which include Nigeria, Senegal, Côte dIvoire, Ghana, and Cameroon. It is only now that Flat6Labs is managing a fund for entrepreneurs in many countries, while having previously managed countryspecific funds, such as a $10 million Anava Seed Fund for Tunisian startups. Read More..

B2B Tech News | 6 days ago         



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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