US-based Sultan Ventures Acquires Egypt’s Acasia Group
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
Xero Acquires South Africa’s Syft for $70 million
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
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
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
LabLabee Closes $3.4M Seed to Expand its Offerings
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
How to Make Extra Money in South Africa
Looking for how to make extra money in South Africa? You’re in the right place. In this post, we share a list of opportunities that you can explore to start earning more in South Africa. And we’re only recommending the opportunities with the highest chance of success. Let’s dive into
39 Commonly-used Startup Terminologies to Know This Year
The number of must-know startup words is growing by the year, and it might get tough for entrepreneurs to keep up with the emerging startup terminology. So to make sure you’re aware of the meaning of many popular terms used in the field, we’ve decided to put together a mini
South Africa’s Home Affairs to go Digital to Eliminate Long Queues
South Africa’s Home Affairs Minister Leon Schreiber has announced the government’s plan to digitize the department, eliminating the need for in-person visits. The government expects this online system to reduce, if not eliminate, in-person visits by transforming the current paper-based processes into an automated platform, allowing South Africans to access services like
Top 10 Books for Aspiring Entrepreneurs This Year
Are you ready to take your entrepreneurial journey to the next level? If you’ve ever felt overwhelmed by the endless sea of business books or unsure which ones are worth your time, you’re not alone. Many aspiring entrepreneurs face this dilemma, wondering which books hold the keys to startup success
How to Make Money Online in Zimbabwe This Year
The internet has revolutionized how people work and earn a living. In Zimbabwe, despite the economic challenges, many have found ways to make money online. Whether you’re looking to earn a side income or build a full-time online career, there are several opportunities available for you. In this blog post,
