Annie Njanja
Big tech companies are facing increased scrutiny in South Africa for dominance abuse and anti-competitive behavior, just months after the country’s competition regulator, the Competition Commission (CompCom), started an inquiry into the conduct of online intermediation (b2c) platforms.
In its initial findings, the regulator has established that Apple, Google,...
SendSprint, a money transfer startup based in the UK but with operations in the US and Nigeria, has been launched today with the unique selling point of a $5 flat fee for all transfers.
The fintech will in the first 18 months target 300,000 of the 1.7 million Africans...
Persistent Energy has raised $10 million Series C funding to grow its clean-tech venture building business in Africa, in a round led by Kyuden International Corporation, a subsidiary of the Japanese Kyushu Electric Power Group, and Financial Sector Deepening (FSD) Africa Investments.
The equity round also saw the participation...
The music catalog of the Universal Music Group (UMG), the world’s largest record company, will be available to users of Africa-focused streaming service Mdundo following the signing of a licensing deal.
Mdundo said the deal will strengthen its offering to its 17 million active monthly users, and accelerate its...
Automotive e-commerce company Autochek has expanded to new markets in Africa after acquiring CoinAfrique, a classified ad marketplace, nearly two months after the Nigerian startup acquired Moroccan auto marketplace KIFAL Auto, marking its foray into North Africa.
Autochek said it will tap CoinAfrique’s regional customer base in Francophone Africa...
The U.S commodities regulator, Commodity Futures Trading Commission (CFTC), has filed civil charges against a South African company and its CEO for running a fraudulent commodity pool worth over $1.7 billion in bitcoin, and over registration violations.
The regulator stated that the fraud scheme by Mirror Trading International Proprietary...
Meta’s main subcontractor for content moderation in Africa, Sama, will retain its BCorp certification until the case against it in Kenya, over claims of union busting and exploitation, is determined. The referenced case, which also includes allegations against Meta, was filed in May this year by Daniel Motaung,...
In February 2020, as the world was shutting down, and as businesses downsized on account of the Covid pandemic, John Kamara was busy establishing another new startup Adanian Labs in Nairobi, Kenya’s capital. It had taken him two years to finally make this dream a reality, and nothing...
When she was 10 years old, Ope Bukola’s family relocated from Nigeria to the US, where she advanced her studies to later pursue a degree in Economics. Exposed to the top-of-the-line education at the New York University, she wondered how her friends in Nigeria and other bright students...
Kenya-based Crossboundary Energy Access (CBEA), a mini-grid infrastructure fund, has raised $25 million from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund to back renewable energy projects across the continent.
The CBEA, a subsidiary of the investment group Crossboundary, said in a statement that...
