TLcom and 4DX drive $13.1M seed round to scale Autochek’s platform across Africa

African automotive company Autochek has secured a $13.1 million seed round almost a year after raising $3.4 million pre-seed in November 2020. The company, led by CEO Etop Ikpe, has seen astonishing growth in demand since launching in August last year, not just from a consumer perspective but also from its business and banking partners. […]

Coronavirus news live: African Union to buy 110m Moderna vaccines, NZ to set vaccine mandates for 40% of workforce

AU vaccine deal arranged in part by the White House; New Zealand will announce sweeping vaccine mandates for workers in cafes, bars, hairdressers and gymsEU medical body approves Moderna Covid booster vaccine for all adultsPapua New Guinea approves mas…

Kenya cracks down on digital lenders over data privacy issues

Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause — granting the banking regulator the mandate to revoke permits of operators who breach customer confidentiality — to the new law passed by the country’s National Assembly.  Typically, loan apps collect borrowers’ phone […]

Vendease gets $3.2M to help hotels and restaurants buy food supplies in Africa

Vendease, an online marketplace that allows restaurants and other food businesses to buy supplies straight from manufacturers and farms, has raised a seed round of $3.2 million, the company confirmed to TechCrunch. The news is coming seven months after TechCrunch announced that the company, founded in January 2020, took part in Y Combinator’s winter batch […]

Olympus US hack tied to sanctioned Russian ransomware group

An “ongoing” cyberattack against the Japanese technology giant Olympus was caused by a Russian ransomware group sanctioned by the U.S. government, according to two people with knowledge of the incident. A new malware variant known as Macaw was used in the attack that began on October 10, which encrypted Olympus’ systems in the U.S., Canada […]

CISA, NSA, FBI say BlackMatter ransomware group is targeting the US food industry

A joint advisory issued by the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI) and the National Security Agency (NSA) has warned that the BlackMatter ransomware group has targeted “multiple” organizations deemed critical infrastructure, including two organizations in the U.S. food and agriculture sector. The agencies did not name did not name […]