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Africa's digital commerce is set to hit $72 billion by 2026 in the top five markets, growing annually at 25%, according to Beyond Borders report by EBANX.
There is no indication who is responsible, and the conflict seems to now be escalating into other African countries
In September 2022, South Africa's minister for communications, Khumbudzo Ntshavheni, for the first time outlined plans for the phasing out of the country's second and third-gen internet connectivity services.
Klas, a Nigerian edtech startup, secured $1 million in pre-seed funding. Its strategy involves scaling across Africa and extending its online teaching platform to India and North America.
On February 3, President Macky Sall indefinitely postponed elections that were meant to hold on February 25
MultiChoice has also revealed Canal+ has upped its shareholding in the company from 31.67% to 35.01%..
Canal+ has put forward a non-binding offer to purchase MultiChoice. If the deal goes through, the French TV company will increase its dominance across the continent.
The report, which aims to provide a comprehensive view of the African tech funding ecosystem, reveals that, in line with the global downturn in venture capital funding, the African tech sector saw a significant slowdown in 2023.
Download our 2023 African Startups Funding Report
As part of the relocation, Bboxx plans to invest $100 million into the East African country and train some 500 Rwandans in the next five years
United Kingdom-based low earth orbit (LEO) satellite communications firm OneWeb is bullish on conquering the South African internet connectivity space
For its 2024 winter batch, Y Combinator has selected two Nigerian fintech startups, Cleva and Miden, along with one Kenyan travel tech startup.
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