Category: Business

South African HR software startup, Wamly has reportedly bagged second investment round from the native venture capital firm, Knife Capital. As a part of the deal, Davey Gant, UK-based partner of Knife Capital, will become a part of the Wamly Board of Directors. Wamly has a strong foothold in the f

In an attempt to digitalize the payments gateway, Fintech startup PayedIn Technology has recently announced the implementation of simple-to-use way of payment for supporting the digital economy in Nigeria. Reportedly, with the adoption of digital payment methods, merchants can easily register onlin

In a recent development regarding space sciences in the South African continent, Cape Peninsula University of Technology has launched a third satellite mission into space from the Cape Canaveral rocket launch site situated in Florida, US. Referred to as MDASat (Marine Domain Awareness), a nanosatel

In a recent acquisition bid, IDT Corporation, a provider of cloud communications, fintech and conventional communications services, announced taking over a majority stake of Sochitel, an online distribution platform and global hub for electronic vouchers, mobile top-ups and additional value transfer

The UK Government reportedly hosted the second Africa Investment Conference on January 20th, 2022 to boost the nation’s economic cooperation with African countries and also enhance its role as the continent’s chosen investment partner for climate-friendly, green ventures. Anne-Marie Tre

Rocket Lab, a leading American aerospace manufacturer, has reportedly announced the acquisition of SolAero Holdings, a New Mexico based enterprise that manufactures space solar products and precision aerospace structures, for $80 million in cash.   Through this deal, Rocket Lab has added a

Orda, a Nigerian restaurant management system company built for chefs and food business owners, has recently announced raising $1.1 million pre-seed round for expanding its software across African economies. The recent financing tranche was headed by pan-African investor LoftyInc Capital. It also i

Power Grid Corporation of India Limited, POWERGRID, has recently inked a Joint Development Agreement with Africa50 to spearhead the development of Kenya Transmission Project backed by a public-private partnership. Under the public-private partnership (PPP) framework, both companies will develop, fi

To curb the pandemic situation in South Africa, Novavax, a biotechnology firm focused on manufacturing and commercializing advanced vaccines for high-risk infectious diseases, along with the Serum Institute of India (SII), have reportedly declared a regulatory submission for emergency use authorizat