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MTN SA’s CEO of FinTech, Bradwin Roper steps down
MTN South Africa today announces Bradwin Roper, our Fintech CEO, will be leaving MTN to explore a new opportunity.This is according to a statement that was shared with Business Tech Africa. In line with our executive notice period, Bradwin will exit MTN SA at the end of October 2024. Since joining MTN SA in May
Airtel Africa Set to Launch IPO for Mobile Money Arm
Airtel Africa has unveiled plans to launch an initial public offering (IPO) for its mobile money unit in 2025, in a strategic move to leverage the burgeoning growth potential of its mobile money services. The decision underscores the telecom giant's ambition to broaden its mobile money footprint across more African countries, building upon its existing
Microsoft's Decision to Close African Development Centre in Lagos Sparks Concerns
The Nigerian technology community finds itself in a state of shock and dismay following Microsoft's surprise announcement of its intention to shut down its African Development Centre (ADC) in Lagos. This unforeseen move has left employees stunned, as management broke the news to them on Monday, May 6th. Sources within Microsoft ADC Nigeria reveal that
Madica Announces Inaugural Investments in African Startups
Madica, an investment program tailored specifically for pre-seed African startups, has unveiled its inaugural investments in three promising companies. In line with its mission, each selected startup has received funding of up to $200,000 and gained access to Madica’s extensive 18-month company-building support program. Launched in 2022 under the umbrella of Flourish Ventures, a global
Veeam Unveils V7.0 of Veeam Kasten for Kubernetes
At the Red Hat Summit 2024, Veeam® Software, a leading provider of Kubernetes data protection solutions, announced the release of Veeam Kasten for Kubernetes V7.0. This milestone version, boasting over 30 new features and enhancements, is poised to redefine container security and ransomware recovery in enterprise environments. Addressing the escalating demand for robust container security
Card Acceptance Revolutionizes Micro-Merchant Sector in South Africa
The landscape of commerce in South Africa's townships, rural, and peri-urban areas is undergoing a profound transformation fuelled by the growing presence of card acceptance devices. This surge in card acceptance signifies a pivotal shift in consumer behaviour and represents a critical milestone in the digitalization of payments within the country. Martin Wright, CEO of
Tech trends transforming retail finance in the digital era
The retail landscape is undergoing a profound transformation, propelled by unprecedented levels of digital adoption and the relentless march of technological innovation. This evolution is redefining the relationship between consumers and retailers, ushering in an era characterized by unparalleled choice and convenience. At the forefront of this revolution, retail finance leaders are tasked with shaping
TikTok and C2PA Pioneer Automatic Labeling for AI-Generated Content
In a groundbreaking development, TikTok has partnered with the Coalition for Content Provenance and Authenticity (C2PA) to pioneer the automatic labelling of AI-generated content (AIGC), setting a new standard in the digital content space. This initiative not only bolsters transparency but also ensures that content consumers are well-informed about the origins of the content they interact with.
SpaceSalad and Zapiro to launch presidential decision-making simulator game
SpaceSalad Studios, a multi-award-winning indie game studio, has collaborated with renowned editorial cartoonist Zapiro to launch Point of Order (P.O.O) Weekly, a groundbreaking presidential decision-making simulator game. Scheduled to be released ahead of South Africa's upcoming general elections, P.O.O Weekly aims to educate, engage and empower young people while addressing the concerning trend of low
Common Challenges faced by small auditing firms
Covid-19 came with its own challenges for businesses, requiring companies to pivot and adapt to new ways of working and changed the working environment completely. Small auditing firms were not spared from this, they needed to quickly adapt and fully equip their employees with resources to ensure that they continue to operate and serve their
CAC Launches Enrolment for PoS Agents in Nigeria
The Corporate Affairs Commission (CAC) of Nigeria has embarked on a significant enrolment initiative for Point of Sale (PoS) agents and operators across the country, showcasing a great move in strengthening regulatory oversight within the financial sector. The launch event, marked by the unveiling of a 24-hour service center, underscores the commission's commitment to providing
MNZL Secures $3.5 Million Seed Funding to Revolutionize Secure Lending in Egypt and Beyond
Egyptian financial technology startup MNZL has made waves in the fintech world by securing an impressive $3.5 million in a seed funding round. The round was spearheaded by notable investors including P1 Ventures, Ingressive Capital, and LocalGlobe, with additional support from industry players like 500 Startups, Flat6Labs, and First Circle Capital, alongside other angel investors.
Understanding the Crucial Role of an Executor in Estate Administration
The role of an executor in estate administration is pivotal, requiring a unique blend of skills to navigate the intricate process of ensuring the deceased's wishes are honoured and their assets distributed efficiently and effectively. As such, comprehending the duties and responsibilities of an executor is paramount in selecting the right candidate for the task.
Kenyan Agritech Startup, iProcure Faces Administration Amid Financial Woes
iProcure, a Kenyan agritech startup backed by Safaricom's Spark Fund, finds itself in dire straits as it enters administration due to unresolved debts. KPMG's advisory division steps in as the appointed administrator, tasked with orchestrating a potential revival of the company. However, if these efforts fall short, liquidation looms as a last resort to ensure
Anti-Corruption Conference in Accra: Tackling Africa's Challenges Head-On
From May 6th to 11th, the annual conference of anti-corruption agencies from Commonwealth African states convenes in Accra against a backdrop of concerning trends. The Corruption Perception Index for Africa remained stagnant in 2023, underscoring the pressing need for innovative strategies to combat corruption and its detrimental effects on the continent's economic and social progress.
AOW 2024 marks 30 years of driving African energy investment
AOW 2024, Africa's foremost upstream and energy event, heralds a new era of innovation, collaboration, and deal-making pivotal in shaping Africa's energy trajectory. Scheduled from 7—10 October 2024 at the Cape Town International Convention Centre (CTICC), AOW arrives at a crucial juncture amidst a global energy transition. As the continent grapples with the complexities of
How cybersecurity research empowers law enforcement against cybercriminal Goliaths
In the ever-expanding digital landscape, the proliferation of cyber threats has reached unprecedented levels, fuelled by the growing interconnectivity of our world. Cybercriminals, operating with increased sophistication and organization, exploit these vulnerabilities for profit, transforming what were once simple disruptions into complex and costly incidents involving ransomware, encryption, and Denial-of-Service attacks. Recognizing the urgency of
New HUAWEI Pura 70 Series lands on top of DXOMARK’s Smartphone Camera Rankings
Last week, HUAWEI launched the new HUAWEI Pura 70 Series worldwide. The new Pura Series launch marks an official rebrand of the HUAWEI P Series, which has been responsible for many groundbreaking smartphone camera technologies of the past. The three new smartphones – HUAWEI Pura 70, HUAWEI Pura 70 Pro, and HUAWEI Pura 70 Ultra
Lesaka Technologies Acquires Adumo RF in R1.6 Billion Deal
JSE-listed fintech group Lesaka Technologies has announced its acquisition of payments platform Adumo RF for R1.6 billion in a combination of cash and equity, signaling a strategic move to strengthen its position in the payments industry. The deal comprises a cash component totaling approximately R232 million, funded by internal cash resources and external financing. Adumo's
Monzo Secures £150 Million in Funding to Drive International Expansion
The London-based challenger bank, Monzo, has successfully raised an additional £150 million ($190 million) in funding as part of its ongoing efforts to expand its presence internationally, with a particular focus on the United States market. This latest funding round follows closely on the heels of Monzo's £340 million ($425 million) raise just two months