Thursday, February 9, 2023

Tech firm VENCO raises $670k pre-seed funding to offer digital solutions

0
VENCO, a tech company that offers solutions to enhance living experiences in residential and commercial communities in Africa, has secured $670,000 in a pre-seed funding round to scale its all-in-one tech platform that manages collections, service charge administration, utilities vending, visitor access and other services associated with property developments.

Autocheck launches business arm to accelerate vehicle financing access

0
Autochek, the automotive tech firm making car ownership more affordable across Africa, has announced the launch of Autochek Financial Services, a new arm of the business that will focus on providing a range of vehicle financing solutions for consumers across the continent. Autochek Financial Services will support Autochek’s Marketplace platform, which partners with car dealers to make it easier for consumers and businesses to finance their vehicles.

SecondSTAX portal to enable easier access to Africa’s capital markets

0
SecondSTAX, a tech company that is building solutions to enhance intra-Africa capital and investment flows, launched the SecondSTAX Portal – a tech-driven order management and execution routing system for investment firms - in Kenya and Ghana, enabling institutional investors to easily invest in the Nairobi Securities Exchange and the Ghana Stock Exchange.

Blnk raises $32m to power instant inclusive consumer credit in Egypt

0
Blnk, a startup that enables instant consumer credit in Egypt, has raised $23.7m in equity and debt funding, and $8.3m in securitized bond issuance to accelerate financial inclusion within underserved communities. The funds will support further development of Blnk’s AI-powered lending infrastructure and the financing of the firm’s fast-growing portfolio of clients.

Dr. Taiwo and Dr. Olomu address leadership advancement in new book

0
A book with huge potentials to address leadership advancement has been published. Dr. Dayo Olomu, leadership trainer and the best-selling author of ‘THE PREMIUM LEADER: Leadership Attributes and Strategies for Today's Volatile World’ (London UK, 2021) has collaborated with his Nigerian counterpart, corporate leadership consultant, Dr. Taiwo Ojo, to release ‘Leading Through African UBUNTU’.

Oracle Interconnect for Microsoft Azure launched in Johannesburg

0
Oracle announced the opening of a new Oracle Interconnect for Microsoft Azure location in Johannesburg, South Africa, providing direct connectivity between the Oracle Cloud Johannesburg region and the Microsoft Azure South Africa North region. With the latest Oracle Interconnect for Microsoft Azure, customers across Africa can now use the Oracle Database Service for Microsoft Azure. This Oracle service builds upon the core capabilities of Oracle Interconnect for Microsoft Azure and enables customers to easily integrate workloads on Azure with Oracle Database services on Oracle Cloud Infrastructure (OCI). Customers can also easily provision, access, and monitor enterprise-grade Oracle Database services in OCI.

NTT launches data center in South Africa to aid growing digital economy

0
NTT Ltd., an IT infrastructure and services company, announced the opening of its latest data center in Johannesburg, South Africa. Johannesburg 1 Data Center is part of NTT’s expansion into the African continent with a capacity of 12MW covering 6,000m² of IT space once fully built out. The technical infrastructure is supported by N+1 uninterruptible power supply systems (UPS), N+1 generator backup, and highly redundant cooling systems. 

How crypto aids residents’ economic needs in Sub-Saharan Africa

0
Sub-saharan Africa accounts for the least crypto transaction volume of any region studied by Chainalysis, with $100.6 billion in on-chain volume received between July 2021 and June 2022. This represents only 2% of global activity, and 16% growth over the year prior. However, numbers can be deceiving, as deeper analysis reveals that Africa contains some of the most well-developed cryptocurrency markets of any region, with deep penetration and integration of cryptocurrency into everyday financial activity for many users.

Animal health start-up Cowtribe gets investment from Boehringer Ingelheim

0
Boehringer Ingelheim announced that Cowtribe is the first recipient of investment and non-financial support from the Boehringer Ingelheim Social Engagement (BI SE) initiative, a program which aims to close a financing gap for social businesses in vulnerable communities. Cowtribe, a leading last-mile veterinary delivery company from Ghana, leverages technology to help coordinate deliveries of veterinary vaccines and other animal health products to rural and underserved communities, where many farmers are dependent on just a few animals.

Vendease gets $30m to transform operations for restaurants in Africa

0
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30m in an equity and debt funding round to consolidate its growth and operations in Nigeria and Ghana, and to support its expansion across the continent. The series A round of $20m was co-led by TLcom and Partech, in a rare joint investment by two of the biggest Africa-focused funds.