Colletion of Latest South African Articles, South African Blog

Tanzania fintech Nala enters the UK market with money transfer app

Share Nala , the Tanzania fintech that creates a hassle-free payment solution where users can send money to anyone on any device. You only have to download it once before you start transacting. Nala is planning to roll out their beta app targeting UK customers sending back remittances to Uganda and Kenya in February 2021. This payment option will also be available to Tanzanian customers. Benjamin Fernandes is the co-founder and chief president of Nala. Nala was a previous

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Telecommunications startup One Wireless to introduce "WiFi blanket" solutions in Botswana

Share One Wireless, a telecommunications startup will deploy macro Wi-Fi solutions across the country. The idea is to provide fast speeds, affordable rates, and reliable connectivity. This "Wi-Fi" blanket will cover several cities countrywide among them Gaborone, Palapye, Francistown, and Maun. The wireless technology is also known as 'mass Wi-Fi', guarantees users fast internet speeds. This should benefit the public, IOT and OTT providers, infrastructure, and Saas providers. The new

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Jumia enters Egypt's online food delivery market

, food delivery accounts for 20% of all transactions conducted on the platform. The company's entry into the Egyptian market is strategic after the exit of Uber Eats. We earlier reported that the company reported a fourth-quarter loss in 2020, on the backdrop of increased merchandised sales year-on-end. The Covid-19 pandemic resulted in increased demand for meals and groceries worldwide. The online food delivery market hit $45 billion in 2020 alone, according to Morgan Stanley estima

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Senior Ghanaian official promotes the use of the country's QR code payment platform

Share Augustine Blay, a senior staffer in the Office of the Vice President of Ghana took to his personal media platforms to encourage Ghanaians to go cashless with the newly introduced QR Code system. He demonstrated how one would use a smartphone to scan onto the GhQR merchant addresses to effect payment at shopping outlets across Accra, Ghana. In May 2020, Ghana was the first African country to implement a universal QR code payment solution using HPS. This set it as the first Afric

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Imperial Logistics buys SA e-commerce platform parcelninja

Share Imperial logistics, listed in the Johannesburg Stock Exchange, has acquired Parcelninja, a South African e-commerce logistics country. Imperial revealed the details of this acquisition on an interim basis for the first 6 months ending 31 December 2020. There was a 15% increase in revenue allocation to R26.4-billion. In a statement, Justin Drennan, the CEO and co-founder of Parcelninja expressed his opinion. Acquisition of Parcelninja provides specialized distribution management

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Opera launches Hype, a chat service for its popular mobile browser Opera Mini

the Product Lead at Hype expressed Opera's desire to change " the very definition of what a mobile browser." Hype first launched in the Kenyan market as a pilot project. Users could easily set up their accounts and start chatting on secure end-to-end encrypted channels. This launch was part of Opera's emphasis on investment and growing its digital ecosystem across the African continent. The aim is to attract more online users. Since 2018, Opera's user base has increased by 40%. Hype

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Angolan tech startup secures over $50 000

Luanda-based tech startup Deya has secured its first round of pre-seed funding of over $50 000 from a group of local angel investors. In an official press statement, Vanda de Oliveira, CEO of Deya explains how the funding will be utilised. I am thrilled about the success of this financing round, as it lasted for almost a year until we closed negotiations with investors on this round. This pre-seed financing is important because it will allow us to develop new intellectu

article : Crowdfunding
Hlayisani Growth Fund secures R350-million

Hlayisani Capital, a pre-eminent African private equity investment, has secured R350-million in funding led by Standard Bank and prominent South African family offices. Dr Eugene van Rensburg, a partner in Hlayisani Capital comments on receiving the funding. Finding growth in the current global economic climate is challenging, and not backing SMEs with the right investment is a missed opportunity. The Hlayisani Growth Fund offers investors a unique opportunity to gain e

article : Crowdfunding
IFC invests $24M into Bolt for expansion into emerging markets

Share Bolt, Uber's formidable competitor, has received $24 million from the International Finance Corporation (IFC) to expand its services across Africa and Eastern Europe. TechCrunch reports that the favored areas of expansion are Nigeria and Ukraine - two of the respective region's biggest economies. IFC also classifies its investment in Bolt as a form of women empowerment. Bolt recently announced a service that allows women to request only women drivers. This ensures safer and aff

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Nigeria's first plant-based food tech startup secures funding

Lagos-based vegan food tech startup VeggieVictory has secured an undisclosed amount in a pre-seed round led by Sustainable Food Ventures , Capital V, Kale United, and Thrive Worldwide. In an official press statement, Hakeem Jimo, co-founder and CEO of VeggieVictory comments on the funding received. "We are excited to have won over these well-known investors not only for VeggieVictory but the African continent as the next frontier for the plant-based movement." <br

article : Crowdfunding
Egypt launches the Action Plan for implementing the "Closing the Gender Gap Accelerator"

action plan. The new initiative comes on the backdrop of a concerted effort by the state to close the gender gap as it celebrates the upcoming International Women's Day to be held on March 8. During the launch, Egypt will emerge as the first country in the MENA region to launch this type of accelerator as part of public-private collaboration, backed by the World Economic Forum. In a statement, the ministry of International Cooperation detailed that the accelerator plans t

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HAVAIC launches a new fund after achieving a second close

is a joint venture between HAVAIC and Universum Wealth (an international investment management firm) experienced in listed and private markets. The startup was mired in legal wrangles with another South African startup in 2020. The legal dispute resulted in an amicable agreement. HAVAIC sued Custostech for $4.45-million on the grounds of reneging an investment agreement. More on Havaic Share

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