Author: Today Africa

Meta launches teen accounts with protections on Instagram, coming to other platforms next year. This include safeguards to limit who can contact them, the content they see, and new ways for them to pursue their interests.  Teens under 16 years will require parental permission to reduce any of the built-in

US-based Sultan Ventures acquires Egypt’s Acasia Group, a multi-incubator operator and angel investment syndicate. The undisclosed acquisition expands Sultan Ventures’ footprint into the Middle East and Africa (MENA) and asserts its commitment to global expansion. The acquisition comes nearly two years after the acquired group rebranded from Cairo Angels to

Global accounting software firm, Xero acquires South Africa’s Syft, a cloud-based reporting and analytics platform, in a deal worth up to $70 million. This acquisition, expected to finalise in early 2025, signals a major milestone in Xero’s expansion and commitment to enhancing its reporting and insights capabilities across key markets.  The

TymeBank gets $9.5M investment amid 59% deposit growth and improved merchant credit from African Rainbow Capital (ARC) as it surpassed 9.5 million customers. Per the new ARC’s annual financial results for the fiscal year ended 30 June, the digital bank’s deposits have grown by 59% to R6.5 billion ($368.93 million), and merchant

Nigeria’s federal government dismisses system breach reports in Nigeria’s Integrated Personnel and Payroll Information System (IPPIS).  The statement, signed by Bawa Mokwa, Director of Press and Public Relations at the OAGF, reassured Nigerian civil servants that their data remains safe and the system’s security has not been compromised. The concerns about data

Algerian edtech company, LabLabee closes $3.4M seed to expand its offerings and accelerate 5G, cloud, and AI adoption for telcos and industries.  Reach Capital led the funding round with support from Classera, while existing investors, Brighteye Ventures and e& capital, participated. Business angels such as Cedric Sellin (investor and advisor