Software & Services News

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.

Nigeria's leading hotel booking company Hotels.ng launches flight bookings

Nigeria's leading hotel booking company Hotels.ng launches flight bookings

Hotels.ng, Nigeria’s leading hotel booking company has rolled out a new service – online flight bookings – on its website.

Cape Town was the most important destination in 2016 for startup investments in Africa

Investment in Africa's tech start-ups on the rise

From mobile money to cargo drones and rugged portable wifi hotspots, Africa’s innovators are generating new technology to tackle consumer needs and development challenges.

Who takes the throne? Credit: qz.com/HBO

ShowMax is stepping up its pan-African battle with Netflix by putting servers in Kenya

In the battle to become the preferred video content streaming service by a majority of Africans, content servers are the weapon of choice.

Bastian Gotter, Co-Founder, iROKO Partners

iROKOtv Co-Founder Bastian Gotter leaves the company to invest in African startups

Bastian Gotter is the Co-Founder of iROKO, the VC-backed African entertainment and tech company that has single-handedly changed the face of Nollywood content distribution.

Wizkid signed with Sony Music last year

Sony Music seeks Nigeria streaming growth to build on ringback market

Sony Music Entertainment sees big growth prospects for music streaming in Nigeria, thanks to falling internet data costs and a large, growing population, a senior executive told Reuters.

Investment in Africa's tech start-ups on the rise

Investment in Africa's tech start-ups on the rise

From mobile money to cargo drones and rugged portable Wi-Fi hotspots, Africa’s innovators are generating new technology to tackle consumer needs and development challenges.

A Jumia office: In 2016, Jumia became Africa's first "Unicorn". Credit: qz.com/Reuters/Akintunde Akinleye

Here's what could happen if Africa's top mobile operators and start-ups work together

Telecom operators across the African continent continue to face significant risks when it comes to revenue growth.

Kola Aina, Founder, Ventures Platform. Credit: linkedin.com

Betting on Africa's future: Kola Aina, Founder, Ventures Platform

Last year, we decided to experiment with “organized early stage investing” in African technology companies.

More Nigerians are embracing electronic payments

More Nigerians are embracing electronic payments (Infographics)

Five years after Nigeria’s Central Bank (CBN) launched its Cash-less Nigeria project to reduce the amount of physical cash circulating in the economy, it is finally catching on.

Kelechi Anyadiegwu, Founder & CEO, Zuvaa. Credit: good.is

How one 26-year-old turned $500 into $2 million online (Photos)

What started with a compliment turned one young woman’s idea into a million dollar business. When Kelechi Anyadiegwu started her online African clothing store Zuvaa with $500 two years ago, her idea was to share African-inspired designs with consumers around the world.

First Bank of Nigeria ATMs

How Nigeria's banks are innovating

Nigeria’s relatively significant exposure to the oil and gas sector increased pressures on balance sheets and operations.

Bob Collymore, CEO, Safaricom

Safaricom's M-PESA has Kenya's government worried what happens in the event of a crash (Infographic)

At the time of M-Pesa’s launch in 2007, few could have conceived the mobile money service would be as ubiquitous and deeply entrenched in the lives of millions of Kenyans as it is today.

Here are 7 predictions for the African tech startup space in 2017

Here are 7 predictions for the African tech startup space in 2017

It has long been known that e-health has tremendous potential to make the delivery of healthcare in Africa more efficient. It is now becoming clear that this will be in the diagnostics space.

Reed Hastings, CEO, Netflix

A new Netflix server in Nigeria will deliver faster streaming and content to its African users

News of Netflix’s expansion to Africa (and pretty much the rest of the world) in January was met with excitement on the continent.

Raphael Afaedor, Co-Founder & CEO, Supermart.ng. Credit: NdaniTV

How former Jumia MD is selling groceries online in Nigeria

Lagos’s infamous back-to-back traffic can turn a simple trip to the grocery store into a time-consuming ordeal.

Shola Adekoya. CEO, Konga

Why Konga could be Africa's answer to Amazon: Shola Adekoya, CEO, Konga

Konga.com was founded in July 2012 and started purely as an online retailer selling baby and beauty products.

iHub

Africa's tech hubs

Innovation hubs have become a mainstay of Africa’s emerging technology ecosystem.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

Kenyan banks want a bigger share of the mobile money action. Credit: qz.com/Reuters/Thomas Mukoya

Kenyan banks are closing in on what they think will be the perfect M-PESA disruptor (Infographic)

Early next year, Kenyan banks are expected to unveil a digital and mobile money transfer platform to rival M-Pesa’s longstanding dominance as the scramble for cashless payments intensifies.

Nigerian Fintech Startup Paystack Raises $1.3 Million

Nigerian Fintech Startup Paystack Raises $1.3 Million

Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has just secured $1.3M Seed investment from both international and homegrown investors.

The race to fix Nigeria's payments problem just received a big boost

The race to fix Nigeria's payments problem just received a big boost

Making online transactions is a process taken for granted as one of the natural offshoots of deeper internet penetration.

Bob Collymore, CEO, Safaricom

Safaricom in talks with five firms on M-PESA's future

Mobile service provider Safaricom has announced that it is in discussions with five companies to broaden the availability of M-PESA services.

All eyes on Africa tech

All eyes on Africa tech

Forget bootstraps. Africa is a continent dragging itself up by its code strings to become a global player – but it needs more software developers, writes Brett Parker, SAP Africa Managing Director.

Kenya's Little Cab app is set to take on Uber in Uganda and Nigeria

Safaricom's Little Cab, Kenya's Uber rival, is launching in Nigeria and Uganda

Little Cab, the ride-hailing app backed by telecoms operator Safaricom, is slowly giving Uber a run for its money in Kenya.