ICANN announces Kenya as host of one of Africa’s data centres

The ICANN Managed Root Server (IMRS) clusters will reduce the loading time for websites, particularly when there are spikes in Internet usage.

VALR secures a $50 million Series B fund to expand across Africa

South African crypto exchange VALR has raised a $50 million Series B fund in an equity funding round by Pantera Capital.

Turaco partners with AXA Mansard for Nigerian expansion

East Africa's Turaco has announced its expansion to Nigeria through a corporate partnership with AXA Mansard

M-KOPA raises $75m Growth Equity to penetrate new markets

The fintech platform is positioned for further growth as it hits two million customer milestone

From April 1st, Google will charge 7.5% VAT on ads in Nigeria

Google has announced that its Nigeria-based advertisers will be charged 7.5% value-added tax (VAT) on all ad placements from April 1, 2022.

Kenyan retail-based tech startup Cartnshop raises $400k to boost commercialisation

The Cartnshop ecosystem brings stakeholders including manufacturers, suppliers and distributors, service providers and e-commerce enablers into the channels, enabling a complete model of B2B2C.

MTN Group invests in the metaverse, buys 144 plots of virtual land

MTN Group has bought 144 plots in Ubuntuland, a South African virtual land for an undisclosed sum.

Startup Accelerators

Accelerators give startups the opportunity to test run their business model in a safe space so they can spot weaknesses and adjust things as they go along.

AFEN partners with Plateau Smart Tourism to digitize tourism in Plateau state

AFEN Blockchain is partnering with Plateau Smart Tourism to virtualize tourism sites in Nigeria's "home of peace and tourism".

Voyance gets $500,000 pre-seed, launches two flagship products Manhattan DB and Sigma

The $500,000 pre-seed round was led by Beta.Ventures, an early-stage investment firm supporting leading tech entrepreneurs and tech-enabled startups in Nigeria.

Canza Finance secures $3.27 million to empower underserved sub-Saharan Africa SMEs with financial services

Nigeria's Canza Finance has closed a $3.27 million seed round to empower underserved sub-Saharan Africa SMEs with financial services

TradeDepot acquires B2B eCommerce platform, Green Lion, to accelerate expansion across Ghana

The Green Lion team will join TradeDepot to build the future of retail and make food and supplies more accessible and affordable for even the most remote consumers on the continent.