BURN Secures $15 Million to Scale its Products in East Africa
Kenyan clean cooking appliance manufacturer, BURN secures $15 million to scale ECOA Electric Induction Cooker distribution to households across the East African region. The EIB financing will allow the appliances to be sold through BURN’s Pay-As-You-Cook payment plan, a technology-enabled payment solution offering financing to households that cannot afford full
World Bank to Give High-speed Internet Access to Women
The World Bank wants to give high-speed Internet access to 300 million women by 2030 as part of its Gender Strategy 2030, focusing on closing digital and financial gaps for women, particularly in underserved regions such as Africa. Announced at the 2024 World Bank Annual Meetings, the initiative seeks to
Top 53 Elon Musk Quotes About Marketing
Elon Musk, the billionaire entrepreneur known for companies like Tesla, SpaceX, and Twitter (now X), has consistently challenged the norms across industries. His thoughts on marketing reflect his distinctive philosophy that blends innovation, a commitment to quality, and a disregard for traditional advertising. In this article, we’ll discuss some of
Moroccan Startup Colis.ma Raises $300,000 to Expand in 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
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
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
Traction Apps Cuts Jobs Following OmniRetail Acquisition
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 Kenya Mandates Mobile Phone IMEI Registration
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
26 Best Restaurants in Lagos Nigeria This Year
Tuck into the best restaurants in Lagos Nigeria, from local delicacies and suya street food to Pan-Asian, Italian and diasporic dishes The food scene in Lagos is reflective of the city itself: vibrant, flavourful, spirited, and diverse. Regardless of the time of day, street food stalls and fine dining restaurants offer a
Telcos in Zimbabwe Adjust Tariffs as Currency Devaluation Continues
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
