Author: Today Africa

Moroccan logistics startup Colis.ma raises $300,000 to strengthen presence and expand in Africa, a pre-seed funding from Witamax, a private-backed VC. With the funds, Colis intends to strengthen its presence in Morocco’s five largest regions and six European countries. It also plans to expand in Africa, starting with West Africa.

Leatherback CEO steps down as VC Partner, after five years of leading the cross-border payments startup as Toni Campbell takes interim lead. Per TechCabal, while the company did not disclose the reason for his exit, Toni Campbell, a managing partner at Kinfolk Venture Capital, will take over as interim CEO. Adedayo

FirstBank to shift procurement platform to cloud-based procurement and financial platform, warns of temporary disruptions. This will begin on Saturday, October 26, 2024.  The transition is part of the bank’s efforts to improve operational efficiency and service delivery of the system that it uses to manage and pay vendors, though

Ventures Platform-backed Traction Apps cuts jobs following OmniRetail acquisition, the startup confirmed in a statement to Techpoint Africa noting that the decision was partially motivated by the acquisition. “Following the acquisition of Traction Apps, as with all mergers and integrations, we are optimising certain departments to align with our broader vision. This

High concerns as the Communications Authority of Kenya mandates mobile phone IMEI registration as part of tax compliance, effective January 1, 2025. The regulations will apply to all stakeholders, including local assemblers, importers, distributors, and mobile network operators, to ensure that only tax-compliant devices are sold and connected to Kenyan

Telcos in Zimbabwe adjust tariffs as currency devaluation drives up operational expenses. This comes after the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) reportedly approved a tariff adjustment for local telecom companies due to the recent drop in local currency value. Major operators in the country have implemented ZWG tariff adjustments to

BasiGo raises $42M to deliver electric buses in East Africa. The funding round includes $24 million in Series A equity funding and $17.5 million in debt facilities from British International Investment (BII) and the United States Development Finance Corporation to deliver 1,000 electric buses in 3 years. Africa50, a pan-African