Software & Services News

Tayo Oviosu, Founder & CEO, Paga

He's Banking the Unbanked in Nigeria and Beyond

“I knew that whatever I wanted to do had to pass the big idea test.” For Tayo Oviosu, 39, that big idea was Paga, now the largest distribution network for financial services in Nigeria, reaching more than 6 million people.

Fintech could do away with the need for ATMs. Credit: Reuters/Thomas Mukoya

African fintech startups like Flutterwave and Paystack are raising record funds to drive financial inclusion (Infographic)

If you follow the right accounts for young African tech entrepreneurs on Twitter, it can feel like there’s a never ending debate about who gets funding or not in Africa.

Elo Umeh, CEO, Terragon Group

How Nigerian Tech Entrepreneur Elo Umeh Of Terragon Group Is Building An African Digital Powerhouse

Over the last 15 years, Africa has seen significant mobile telecoms growth and now data is being viewed as the ‘new oil’ on the continent.

Rita Okuthe, Director of Enterprise Business, Safaricom

Safaricom Sees Amazon as Model for Kenya E-Commerce Platform

Safaricom Ltd. of Kenya plans to introduce an e-commerce platform within eight months targeting formal retail and informal online trading in East Africa’s biggest economy.

Flutterwave raises over $10 million in series A financing

Flutterwave, an online payments company founded by Nigerian 26-year old, raises over $10 million in series A financing (Infographic)

Flutterwave, which provides modern payments infrastructure for banks and businesses to make and accept payments across Africa, announced on Monday that it has raised over $10 million in a Series A round of funding.

Iyinoluwa Aboyeji, the 26-year old Founder of Flutterwave and Andela

26-year-old founder wants to transform online payments in Africa

Aboyeji is the Co-Founder of Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa.

9mobile

Virgin, Vodacom and BUA Group eye former Etisalat Nigeria unit

Virgin Mobile and Vodacom, as well as Bua Group, are among companies interested in acquiring 9mobile, formerly Etisalat Nigeria, according to ThisDay.

Boye Olusanya, CEO, 9mobile. Credit: This Day

Former Etisalat Nigeria, 9mobile, is open to new investors, says CEO Boye Olusanya

Telecoms group 9mobile is open to new investors but will continue to manage the business in the meantime, its chief executive said on Wednesday at an event to officially announce the company’s new name to replace Etisalat Nigeria.

Telecoms regulator approves Etisalat Nigeria name change

Telecoms regulator approves Etisalat Nigeria name change to 9mobile

Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt.

Malusi Gigaba, South Africa's Minister of FinanceMalusi Gigaba, South Africa's Minister of Finance

South Africa Weighs State Internet Company Merger

South Africa is considering a merger of state-owned technology companies Broadband Infraco and Sentech to help to accelerate the rollout of high-speed internet to the population within three years, according to two people familiar with the matter.

Werner Vogels, CTO, Amazon.com

Amazon Web Services cloud platform considering hosting data centers in South Africa

Amazon Web Services is hoping to build cloud data centers in South Africa – an expansion was strongly hinted at by CTO Werner Vogels during the recent AWS Summit in Cape Town.

Funke Opeke, CEO, MainOne

MainOne CEO Funke Opeke on the challenges of and opportunities for investing in Africa

While many fear investing in Africa, one woman has not been afraid of doing so. Funke Opeke is the Founder and CEO of one of the continent’s largest ICT companies, MainOne.

Orange & Vodafone are seeking to purchase 65% of Etisalat Nigeria

Orange, Vodafone are reportedly seeking to purchase 65% of Etisalat Nigeria

Orange Telecom and Vodafone are seeking to purchase 65 percent of Etisalat Nigeria following the departure of the UAE-based Etisalat Group from its Nigerian business, reports Brandish citing unnamed sources.

Nigerian WiFi service provider Tizeti raises $2.1M in seed funding

Nigeria-based Tizeti, a WiFi service provider, has secured $2.1 million in seed funding. The investors included Western Technology Investment, Social Capital, Vy Capital, Picus Capital, Ace & Company, Lynett Capital Partners and Zeno Ventures.

Dominic Mensah, Prince Boakye Boampong, and Jesse Arhin Ghansah, the Founders of OMG Digital

Ghanaian new media company, OMG Digital, raises $1.1M in seed funding

Ghanaian tech startup, OMG Digital, has raised seed funding of $1.1 million from international investors.

South Africa's Naspers rules out $114 billion Tencent stake spin-off

South Africa's Naspers rules out $114 billion Tencent stake spin-off

South Africa’s Naspers (NPNJn.J) does not plan to spin off its $114 billion stake in Tencent, its boss said on Monday, a push back against investors urging a break-up to close a widening discount between its market value and that of its one-third stake in the Chinese internet company.

Bob van Dijk, CEO, Naspers

Africa's largest company to start funding roadshow in the US and UK

Naspers Ltd. will approach investors in the U.S. and the U.K. this about a bond issue as Africa’s biggest company by market value continues its acquisition-hungry quest to expand its internet businesses.

Nairobi is one of the continent’s centers of startup activity.

The future of tech is in 'cities across Africa,' says this start-up CEO

Silicon Valley’s days leading the tech revolution may be coming to an end, according to one optimistic observer who believes the future of technology lies much further abroad than San Francisco.

Kenya's mobile internet beats the United States for speed

Fact of the Day: Kenya has faster mobile internet speed than the United States

Kenya has the world’s 14th-fastest mobile internet speed, according to a report from the content delivery network Akamai.

Jabu Moleketi, incoming Chairman, Vodacom

Vodacom names Moleketi as Chairman

South Africa’s Vodacom Group said on Thursday it has appointed non-executive director Jabu Moleketi to succeed Peter Moyo as the mobile phone network operator’s next chairman.

Africa's consumer data opportunity is being tackled by startups

Africa's consumer data opportunity is being tackled by startups

The Peter Drucker management aphorism, “You can’t manage what you can’t measure,” is a favorite of Yannick Lefang, the founder of Kasi Insight, an integrated marketing research firm operating in seven African countries.

M-Pesa

M-Pesa, Safaricom, Kenya regulators and Vodacom could be about to open up mobile money in Africa

M-Pesa, the mobile money system that is the pride and anchor of Kenya’s homegrown technology community, has had plenty of hype and excitement since its 2007 launch.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Zimbabwean billionaire Strive Masiyiwa's Econet appoints former Vodafone executive to run its Neotel unit

Zimbabwean billionaire Strive Masiyiwa’s Econet Wireless Global Ltd. unit Liquid Telecom has appointed former Vodafone Group Plc executive Kyle Whitehill to head up South African internet provider Neotel and oversee the company’s expansion plans.

Andile Ngcaba, Chairman, Convergence Partners

Convergence Partners, Google and the IFC commit $100 million to pan-African wholesale broadband provider CSquared

Convergence Partners recently signed an agreement with Google, the International Finance Corporation (IFC) and Mitsui & Co., Ltd. (Mitsui) to invest in CSquared, a broadband infrastructure company headquartered in Nairobi, Kenya.

Lagos, Nigeria

Uber and its rivals are struggling to keep both drivers and riders happy in Lagos

It was only a year ago that Uber declared that its Lagos market was potentially bigger than its London market.

Scott Guthrie, Executive Vice President, Cloud and Enterprise Group, Microsoft

Microsoft to deliver Microsoft Cloud from datacenters in Africa from 2018: Scott Guthrie, Executive Vice President, Cloud and Enterprise Group, Microsoft

Microsoft will soon deliver cloud services from datacenters located in Cape Town and Johannesburg, South Africa.

Multichoice City, Johannesburg, South Africa

MTN in talks to buy MultiChoice Africa, says report

MTN is in talks on a potential acquisition of pay-TV provider MultiChoice Africa, MyBroadband reports citing industry sources.

Nigerians would rather have a .com web address than .ng—and not just because it’s cheaper. Credit: AP/George Osodi/qz.com

Nigerians would rather have a .com web address than .ng - and not just because it's cheaper

On the internet, Nigerians are opting for more global identities through web addresses.

Shameel Joosub, CEO, Vodacom

South Africa's Vodacom to buy 35% Of Kenya's Safaricom from parent Vodafone

Southern African telecoms giant Vodacom Group will buy a 34.94% stake in Kenyan operator Safaricom – known for its ground-breaking M-Pesa mobile money system.

afaricom hopes to spread across Africa. Credit: Reuters/Noor Khamis

Safaricom is planning to expand M-Pesa mobile money across Africa

Safaricom is planning to take its successful mobile money service M-Pesa across Africa after building a dominant home base in Kenya and presence in its East African neighbors.

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include Balderton Capital, EchoVC, TPG Growth, and NEA.

Ismail Ahmed, Founder & CEO, WorldRemit

WorldRemit Africa revenue to double by 2020 on mobile money, says Founder & CEO Ismail Ahmed

Higher-paid African expatriates sending cash to home countries. Money-transfer company has Facebook backer Accel as investor.

Lidya

Leading Nigerian fintech startup Lidya closes $1.25M seed funding round

Lidya, a leading fintech platform based in Nigeria, announced in late March that it has closed a US$1.25 million seed funding round to further its mission of easing access to finance for small and medium enterprises (SMEs) across Africa.

Lamin Manjang, Chairman of the Kenya Bankers Association (KBA)

Kenya sets sights on green bonds after mobile phone issue

Kenya aims to issue its first ‘green’ bond this year, the initiative’s backers said on Friday, bolstering the nation’s reputation for financial innovation after the government launched the world’s first mobile phone bond earlier this month.

Kenya Electricity Transmission Company plans to become internet service provider

Kenya Electricity Transmission Company plans to become internet service provider

The Kenya Electricity Transmission Company (KETRACO) has announced plans to venture into the internet service provision business.

Lagos, Nigeria

Lagos is Africa's most valuable startup ecosystem

Lagos has the most valuable startup ecosystem in Africa, with the local entrepreneurship scene worth US$2 billion, according to a new report.

Kenya to offer mobile-only bond to investors

Kenya to offer mobile-only bond to investors

Kenya will start selling a mobile-phone based government bond this week, the Treasury said on Tuesday, the culmination of a lengthy plan to tap a new pool of investors into government securities.

Khanyi Dhlomo, Founder, Ndalo Media: The biggest enabler for African success is actually not necessarily external: Credit: Red Photographic/WSJ

How to encourage innovation in Africa: Khanyi Dhlomo, Ndalo Media Founder & Ashish Thakkar, Mara Group Founder

Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it.

Kenya telecoms regulator says has no intention to split company. Credit: qz.com

Kenya telecoms regulator says has no intention to split Safaricom

Kenya’s telecoms regulator said on Tuesday it had no plans to break up any company in the sector.

Bob Collymore, CEO, Safaricom

Vodafone slams proposed split of Kenya's M-PESA as 'ridiculous'

Safaricom Ltd, East Africa’s biggest mobile-phone company, would have to reconsider future investment in Kenya if proposals to break up the company are implemented.

Safaricom faces break-up call from Kenyan lawmaker

Safaricom faces break-up call from Kenyan lawmaker

A Kenyan lawmaker proposed breaking up Safaricom, the country’s biggest telecoms operator, on Tuesday because of its role in providing mobile financial services.

Cyril Collon, General Partner, Partech Ventures

African tech startups raise record-breaking $370M in 2016: Partech Ventures (Infographic)

At Partech Ventures, we have been tracking for the past 3 years the dynamics of African tech investment, to better understand the investment landscape on the continent.