Stitch Raises $50M Series B to Accelerate Payment Solutions in Africa
by Stitch, a leading South African payments infrastructure startup, has secured $55 million in a Series B funding round. This significant investment marks a pivotal moment …
Tag: tech
PayPal and TerraPay Partner to Boost Cross-Border Payments in MEA Region
PayPal and TerraPay have announced a landmark partnership to transform cross-border payments across the Middle East and Africa (MEA). This collaboration is set to empower …
Somalia Grants Operating License to Elon Musk’s Starlink
In a landmark decision, Somalia’s National Communications Authority (NCA) has officially granted an operational license to Elon Musk’s Starlink. This move positions Somalia as the …
Tensions Around Elon Musk Cloud Efforts to Launch Starlink in South Africa
Efforts to bring Elon Musk’s Starlink satellite internet service to South Africa have hit significant roadblocks. Regulatory hurdles, accusations of favouritism, and political tensions have …
Chinese automaker launches new models in South Africa, expands in Africa
Chinese automakers are making bold moves to solidify their presence in South Africa, unveiling new models and expanding their reach across Africa. With innovative designs, …
Nvidia Teams Up with Cassava for $720M AI Factory in Africa
Nvidia and Cassava Technologies have announced a groundbreaking partnership to establish Africa’s first artificial intelligence (AI) factory. With an investment of up to $720 million, …
South Africa Unveils $800 Million Smart City Project
South Africa has launched a landmark Smart City Project in Shongweni, near Durban, marking a major leap in urban innovation. Dubbed Westown, the R15 billion …
African Tech Funding Declines 5% in Q1 2025, Reaching $460 Million
African tech funding dropped by 5% in the first quarter of 2025 compared to the same period in 2024. Startups across the continent raised $460 …
Equinix expands data center to fuel digital growth
Equinix has officially opened its LG2.3 data center expansion in Lagos, Nigeria, marking a significant step in its mission to accelerate digital transformation across Africa. …
Mastercard Drives Africa’s $1.5 Trillion Digital Payment Surge
Mastercard is spearheading Africa’s digital payment transformation, with the continent’s digital payments economy projected to hit $1.5 trillion by 2030. This growth is fuelled by …