TechDesk Africa

TechDesk Africa TechDesk Africa is a tech-focused publication that speaks to African innovation & technology in depth

22/04/2024

Kenya’s information ministry has opposed any suggestions of a TikTok ban and argued that the popular Chinese short-video social platform owned by ByteDance should be more regulated. In a parliamentary hearing on Friday, John Tanui, the ICT principal secretary, argued that banning the app carries s...

22/04/2024

Nigeria will lose its place as Africa’s third-largest economy in 2024 to Algeria after a decade of slow growth, inflationary pressures and naira depreciation, an IMF projection shared. Faster GDP growth in South Africa, Egypt, and Algeria will see Nigeria stay fourth for the next five years. Accor...

22/04/2024

The JAMB 2024 registration processes have been concluded and the exams have already commenced and your results will typically be available to check 24-72 hours after you finish your exam. Here’s a detailed article on accessing your 2024 results through two major options which include the official ...

22/04/2024

FBN Holdings, the parent company of Nigeria’s oldest bank, has appointed Olusegun Alebiosu as acting chief executive officer of First Bank of Nigeria after the surprise resignation of CEO, Adesola Adeduntan. Until this appointment, Olusegun Alebiosu was the bank’s executive director, chief risk ...

22/04/2024

Nigeria’s works ministry is finalising a regulation that will criminalise fibre damage after fixing cable cuts caused ₦27 billion in losses to MTN and Airtel. The regulation will enforce stiffer penalties on offenders and focus on underground network cables, as several laws already criminalise v...

17/04/2024

African innovation hub support organisation AfriLabs has announced the exchange of a strategic Memorandum of Understanding (MOU) with the Ministry of Investment of Saudi Arabia (MISA), aimed at fostering collaboration and mutual growth in the technology and innovation sectors between Africa and Saud...

17/04/2024

Kenyan agricultural insurance and technology company P**a has closed a US$20 million Series B funding round to help thousands of smallholder farmers in emerging markets gain access to insurance against floods, droughts, and other climate-related events. Launched in 2015 by Rose Goslinga and Thomas N...

15/04/2024

The Nigerian government plans to provide subsidies to developers and operators of solar mini-grids in unserved and underserved areas via a $750 million loan approved by the World Bank. According to Nairametrics, the World Bank’s Country Director for Nigeria, Shubham Chaudhuri, and Nigeria’s Mini...

15/04/2024

Until August 2023, *Bayo Samuel worked as a product designer at a Lagos-based edtech startup. However, a failure to raise fresh funding forced the company to lay off several employees to reduce operational costs. Samuel was one of the affected workers. “It felt like my world crashed,” the 26-yea...

15/04/2024

Guaranty Trust Holding Company, the parent company of GTBank, Nigeria’s 5th biggest bank by assets, will seek shareholder approval to raise $750 million in additional capital weeks after the Central Bank raised minimum capital requirements tenfold for the country’s biggest banks. GTbank will rai...

15/04/2024

Ghanaian startup Swoove is building a cloud-based operating system that allows logistics companies – big and small – to digitise and scale their operations. Swoove connects businesses with network logistics services to enable them to reach customers across the continent, with the startup aiming ...

15/04/2024

The Mastercard Foundation Fund for Resilience and Prosperity is seeking SMEs and entrepreneurs in the agricultural sector, with selected companies to receive grants ranging from US$500,000 to US$2.5 million, disbursed over a three-year period. The Mastercard Foundation Fund for Resilience and Prospe...

15/04/2024

Nigerian startup OMENAI has developed a platform dedicated to championing visual artists from Africa and promoting African art globally. Founded by Gbenro Adeyemo in 2021, OMENAI provides a space for both emerging and established artists to showcase their work, aiming to address the lack of visibili...

15/04/2024

Ghanaian fintech startup Zeepay has raised a round of equity investment which will help support its expansion efforts in Africa and the Caribbean. Formed in 2014, Zeepay is focused on digital rails to connect digital assets such as mobile money wallets, cards, ATMs, bank accounts and digital tokens....

12/04/2024

Nigeria’s Jump n Pass is revolutionising the retail experience via its mobile self-checkout platform that allows customers to scan items and pay through their smartphones, eliminating the need for traditional checkout lines. Launched in November 2023, JumpnPass has developed mobile checkout techno...

12/04/2024

Baobab Network, an early-stage investor that backs startups across Africa, has announced the acquisition of Reflector Marketing, a strategy and branding agency headquartered in South Africa. The Baobab Network has been accelerating startups with capacity building and fundraising since 2019, and rece...

12/04/2024

Eight Medical is an end-to-end platform that identifies and connects urgent and emergency medical resources like hospitals, ambulances, personnel, information and credit, to users in need within 10 minutes or less. Founded in 2021, Eight Medical aims to enable access to essential care for Africa’s...

02/04/2024

The Nigeria-based Heirs Holdings, a leading African investment company, has announced the launch of its new subsidiary, Heirs Technologies, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions.   Heirs Holdings is a leading African investme...

02/04/2024

Thepeer, a Nigeria-based API startup that raised a $2.1 million seed round in June 2022, has shuttered its business and will return its remaining capital to investors after failing to scale, the company said in a statement on Monday. The three-year-old startup said it closed shop after realising its...

18/03/2024

Nigeria’s Securities and Exchange Commission has proposed raising the minimum paid-up capital for virtual asset service providers (VASPs) to ₦1 billion, two times the previous proposed requirement of ₦500 million. The paid-up capital requirement consists of bank balances, fixed assets or inves...

18/03/2024

Morocco-based superapp ORA Technologies has secured US$1.5 million in seed funding from local entrepreneurs to help with its expansion plans. Founded in 2023 by Omar Alami, ORA has built a mobile app that offers multiple features, including P2P transactions, an e-commerce platform, on-demand service...

18/03/2024

Village Capital and Moody’s Foundation have launched Greentech 2024: The Future of Sustainability, an investment-readiness accelerator. Village Capital unlocks critical social and financial capital for early-stage companies to maximise business and impact growth, and has operated in Africa since 2...

18/03/2024

XSML Capital, a leading provider of growth capital to SMEs in Central and Eastern Africa, has launched its fourth fund, African Rivers Fund IV (ARF IV), with a first close of US$98.7 million. XSML Capital was founded in 2008 to help talented entrepreneurs in frontier markets in Africa grow their bus...

18/03/2024

Egyptian ad-tech startup dKilo has raised US$3.2 million in seed funding to create a new channel for brands to engage with consumers through its online platform, and expand into the Saudi market. Founded in 2020 by Mohamed Mousa and Sherif Abdelaty, dKilo aims to connect brands with audiences beyond...

Address

Central Business District
Abuja

Telephone

+2349020071397

Website

Alerts

Be the first to know and let us send you an email when TechDesk Africa posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to TechDesk Africa:

Shortcuts

Share

Category

Other Newsstands in Abuja

Show All