A report by Wimbart, a leading PR agency specializing in African startups, revealed that despite receiving regular updates, a significant number of investors remain dissatisfied with the quality and consistency of communication they receive from startups they’ve invested in. The report highlights a growing demand among investors for more effective and transparent communication. Many investors […] The post Enhancing Investor Relationship: Key Insights And Best Practices For African Startups appeared first on Tekedia.

The South African Breweries (SAB) recently underscored the beer sector’s critical role in supporting and boosting the agricultural economy. This follows the recent visit at the State of the Beer event held at Caledon Farm Research and Development Facility in the Western Cape. This exclusive interview explains the importance of using technology to invest in […] The post SAB Interview: Tech’s Influence on Beer & Agriculture Sector first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Infinix Hot 50 Pro+ Specifications and Features Revealed The Infinix Hot 50 Pro+ has not yet announced its launch date; however, the brand has revealed many… TechCity

Achieving results by minimizing waste and maximizing value has become quite trendy, especially with lean management techniques. This method can significantly boost productivity and efficiency. The real test lies in maintaining this progress over time. Here’s a guide that explores ways to sustain lean management methods for lasting success in any company or group. Commitment […] The post How to Sustain the Lean Management Process Over Time appeared first on Tekedia.

Why the itel A80 Is the Perfect Choice for Everyday Use The itel A80 is more than just another smartphone – it’s a game-changer for entry-level users, combining efficiency… TechCity

Woven Finance Plans Brand Refresh Earlier this year, Woven Finance, a Nigerian fintech, faced shutdown rumors. These followed an email mistakenly sent to… TechCity

A month after its US debut, Moove, the Nigerian startup backed by Uber that finances vehicles for ride-hailing, has now expanded to Mexico. The company anticipates reaching profitability by 2025. This expansion into Mexico is a key achievement for the African startup ecosystem, which has encountered macroeconomic challenges and difficulties in fundraising, slowing its growth […] The post Moove Expands to Mexico, Strengthening Global Presence with Uber Partnership appeared first on Tech In Africa.

Klasha has secured an additional $2 million in funding to enhance its cross-border B2B payment services, focusing on enabling merchants in Asia and Africa to send and receive payments through its payment rails. This round of investment, which includes support from existing backers like Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, […] The post Klasha Secures Additional $2M to Expand Cross-Border B2B Payment Solutions into China appeared first on Tech In Africa.

Having a corrupted SD card can be a daunting experience. You may have stored your precious and memorable moments as photos or videos on that SD card, and when it became corrupted, all its stored data became inaccessible. Luckily, there are various SD card recovery methods available online that you can try to recover lost […] The post DIY Methods to Recover Photos from a Corrupted SD Card appeared first on Tekedia.

South Africa faces one of the highest unemployment rates in the world, with 32.6% of the population unemployed as of 2023. The country’s youth are particularly affected, with over 60% of young people aged 15 to 24 unemployed. This challenge is exacerbated by economic stagnation, slow job creation, and a skills mismatch that leaves many […] The post Can Technology Solve South Africa’s High Unemployment Rate? first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

This cycle’s bull season is estimated to run between this quarter and the first half of next year. With huge gains to be made, not forgetting surprises, the three altcoins that could flip Dogecoin (DOGE) in market size come 2025 are Shiba Inu (SHIB), Toncoin (TON) and IntelMarkets (INTL). Their growth prospects are staggering, not […] The post 3 Altcoins That Could Flip Dogecoin in Market Cap by 2025 appeared first on Tekedia.

Earthbond, a Nigerian startup that connects small businesses that want to buy solar solutions to solution providers, has raised a $200,000 pre-seed funding from Madica, an Africa-focused early-stage investment firm. 

In June 2023, the Federal Government of Nigeria announced the unification of the country’s currency to reduce the gap between the CBN’s official exchange rate and the black-market rates, bolster Nigeria’s foreign exchange reserves, and encourage economic expansion. To understand how the current economic policy has affected everyday Nigerians and understand their perspectives on the […] The post Netizens React to Naira’s Fluctuation appeared first on Tekedia.

Ethiopia has excluded diaspora citizens and foreign nationals from participating in its first-ever public offering (IPO) of Ethio Telecom, the state-owned telecom company that holds 95% of the market share. The Ethiopian Securities Exchange (ESX), the country’s first bourse, is expected to commence operations this month. The government aims to generate $255 million by selling […] The post Ethiopia Excludes Diaspora and Foreign Investors from Landmark IPO appeared first on Tech In Africa.

The future indeed is digital, and in that digital place would the marketplace of the future play out. Two cases: Restaurants in the US: I like TGI Friday’s but one by one, they have closed all their locations within miles where I live. But it is not just TGI; other restaurants are struggling. Red Lobster […] The post The World of Business Is Moving to the Digital Sphere appeared first on Tekedia.

While those contracts saw employees receive a pay bump, it was not as significant as they expected, two people with direct knowledge of the matter said. 

Rexas Finance (RXS), Neiro (NEIRO), and Sui (SUI) are three tokens that are attracting the attention of investors, they can be invested in. However, it is the relatively young Rexas Finance, which is gathering steam as the strongest of the three. Now in Stage 4 of its presale at $0.06, Rexas has every growth potential […] The post Why Rexas Finance (RXS) is a Better Buy than Neiro (NEIRO) and Sui (SUI) Right Now appeared first on Tekedia.

In a recent report by Africa: The Big Deal, Debt financing and Climate Tech have emerged as key drivers of African startup funding in 2024. According to the report, African startups raised $636 million through $100k+ deals in the third quarter (Q3) of 2024, excluding exits. Of this total, 62% almost $400 million was raised […] The post Debt Financing And Climate Tech Emerge as Key Drivers of African Startup Funding in 2024 appeared first on Tekedia.

The World Health Organization (WHO) has certified Egypt as malaria-free, marking the culmination of a nearly century-long effort to eradicate the ancient disease from the country. The historic achievement was confirmed in a statement issued by the global health body on Sunday, with WHO Director-General Dr. Tedros Ghebreyesus praising Egypt’s commitment to eliminating a disease […] The post Egypt Certified Malaria-free: Nigeria And Others Not Close appeared first on Tekedia.

Dangote Petroleum Refinery and Petrochemicals FZE has filed a legal suit at the Federal High Court in Abuja, seeking to invalidate import licenses granted to the Nigerian National Petroleum Corporation Limited (NNPCL), Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies. The refinery argues that these licenses, which allow the importation of […] The post Dangote Refinery Sues NNPCL, Other Petrol Importers, Seeking to Invalidate Their Import Licenses [updated] appeared first on Tekedia.

Amol Kulkarni has been appointed to the Board of Directors of Mimecast, with effect from October 1, 2024 Kulkarni is a seasoned technology leader and advisor who has spent more than 20 years with Microsoft and, most recently, CrowdStrike, where he served as chief product and engineering officer. During Kulkarni’s tenure, the organization’s yearly recurring […] The post Mimecast Welcomes Tech Executive to its Board of Directors first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

"The offer is being made only to Ethiopian citizens who are physically present in Ethiopia. The offer is not available to any other jurisdiction outside of Ethiopia," Ethio Telecom said in its investor prospectus.

AXIAN Financial Services has welcomed 3 senior industry leaders to its board of directors, highlighting its commitment to innovation and providing financial services to millions of Africans. Selma Ribica is the managing partner and co-founder of First Circle Capital, an African venture capital fund with a fintech concentration. As an executive at M-Pesa, Selma has […] The post AXIAN Welcomes 3 Directors to Strengthen Financial Services first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

OmniRetail Acquires Traction OmniRetail, a Nigerian-based B2B e-commerce startup has acquired Traction Apps, a payment provider and inventory management solution for… TechCity

After crashing in 2022, Near Protocol (NEAR) has never been able to cross the $10 mark. Despite the bullish momentum in the market, it is trading 13% below the recent swing high. Meanwhile, DTX Exchange (DTX) is preparing to lead the exchange space after the listing in December. Its testnet has shaken crypto enthusiasts with […] The post Near Protocol Is “Far” From Being The Best Coin In The Market as DTX Exchange Surpasses Bittensor With $5.3M Presale appeared first on Tekedia.

Global information and insights company TransUnion Africa is proud to announce the promotion of Gerhard Muller to the position of Chief Data and Analytics Officer (CDAO). In this newly created role, Muller will lead the Data and Analytics department across Africa, while also joining the TransUnion Africa Executive team. Muller brings extensive experience from the […] The post TransUnion Africa Appoints New Chief Data & Analytics Officer first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

In today’s edition: Hackers hit Nigeria’s third largest telco || GTBank increases salaries by 40% but still spends way less than its peers || OmniRetail acquires Traction Apps || IHS secures $439 million loan

The Nigerian government has taken steps towards increasing revenue collection by introducing a new bill that proposes a 5% excise duty on telecommunications, gaming, and betting services. The measure is part of a broader initiative aimed at overhauling Nigeria’s tax framework, as outlined in the proposed “Nigeria Tax Act.” The bill, obtained from the National […] The post Nigeria Proposes Bill to Impose 5% Excise Duty on Telecom, Gaming & Betting Services appeared first on Tekedia.

Many traders are searching for platforms that could merge the worlds of forex and crypto trading as both markets evolve. By allowing traders to trade both fiat currencies and digital assets on one platform, Crypto forex brokers present a solution. From classic forex pairs to new cryptocurrencies like Bitcoin, Ethereum, and Litecoin, these brokers offer access to […] The post Crypto Forex Brokers Trade Both Cryptocurrencies and Forex with One Platform appeared first on Tekedia.

Decentralized finance (DeFi) has revolutionized the way we think about financial services, and lending platforms are at the forefront of this innovation. These platforms offer a peer-to-peer lending approach, eliminating the need for traditional financial intermediaries. The cryptocurrency market is witnessing a significant surge in high-risk loans, with recent reports indicating a two-year all-time high […] The post High Risk Crypto Loans Surge to 2-year ATH of $55M appeared first on Tekedia.

The financial landscape of the United States has always been a subject of global interest, especially when it comes to the health and stability of its banking sector. In recent times, a startling statistic has emerged: unrealized losses at U.S. banks have reportedly reached a level seven times higher than what was observed during the […] The post Unrealized Losses at US Banks 7x Higher than 2008’s appeared first on Tekedia.

PaidHR (formerly Pade HCM), a platform that helps African organizations manage their entire employee lifecycle, has launched a new cross-border payroll feature, allowing employees to receive salaries in 49 different currencies. The cross-border feature will allow companies with employees in different countries to pay in their local currency, which is an important part of PaidHR’s […] The post PaidHR Launches New Cross-Border Payroll Feature, Empowering African Businesses with Multi-Currency Salaries appeared first on Tekedia.

The Global Energy Alliance for People and Planet (GEAPP), a global climate initiative backed by the Rockefeller Foundation and the Bezos Earth Fund, is piloting an innovative solar mini-grid project in Nigeria. This initiative is designed to address the country’s persistent power challenges, which have long hindered productivity and economic development. By establishing interconnected solar […] The post Nigeria’s Electricity Challenge: Bezos-backed GEAPP Announces Plan for A Multi-million Dollar Mini-grid Solar Project appeared first on Tekedia.

Nigeria has finally approved Exxon Mobil Corp.’s $1.3 billion sale of its onshore oil and gas assets to the local energy firm Seplat Energy Plc, marking the end of a prolonged two-year delay, Bloomberg reports. The move, however, comes in contrast to the rejection of a similar deal by Shell Plc, signaling a mixed stance […] The post Nigeria Finally Approves Exxon Mobil’s $1.3bn Assets Sale to Seplat Energy, Leaves Shell Hanging appeared first on Tekedia.

Under President Bola Tinubu’s administration, Nigeria has seen a drastic reduction in the daily consumption of Premium Motor Spirit (PMS), commonly known as petrol. As of August 20, 2024, data from the Nigerian Midstream and Downstream Product Regulatory Authority (NMDPRA) revealed that daily petrol consumption had plummeted to just 4.5 million liters. This marks a […] The post Nigeria’s Daily Petrol Consumption Fell to 4.5m Liters In August As Subsidy Removal Takes A Toll appeared first on Tekedia.

Bitcoin (BTC) has made two attempts to break through the $65K resistance this month, but sharp pullbacks followed both efforts. While many altcoins lack bullish signals, three cryptocurrencies are gaining momentum: Fetch.AI (FET), Dogwifhat (WIF), and FXGuys ($FXG). Top analysts have highlighted breakout opportunities for FET and WIF while FXGuys makes headlines in the market. […] The post Top Crypto Assets Poised for Explosive Growth: Fetch.AI, Dogwifhat, and FXGuys appeared first on Tekedia.