Cash flow is a major pain point for small businesses in Africa. Long payment cycles, which can take 30-90 days after services or products have been rendered, and little or no capital, of which research says 85% of African small and medium businesses are subject to, are the main culprits of cash flow issues. Many […]
Fire breaks out in South African parliament in Cape Town
Firefighters were battling to contain a blaze that broke out in the historic buildingA major fire broke out in the South African parliament building in Cape Town early on Sunday.Firefighters were present at the building as large flames and a huge colum…
African tech took center stage in 2021
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. With high-profile visits from the most famous Jacks (Ma and Dorsey), a long-awaited first […]
With US swamped by omicron, Biden scraps travel bans
Experts have long argued that such travel restrictions are ineffective and harmful.
‘We looked up to him’: South Africa begins week of mourning for Desmond Tutu
The beloved anti-apartheid icon will lie in state for two days in Cape Town before a funeral on 1 JanuarySouth Africa has started a week of mourning events for anti-apartheid icon Archbishop Desmond Tutu, described as the country’s moral compass, as tr…
Dear Sophie: How to maneuver the latest travel bans, H-1B alternatives
Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.
Covid live: Thailand to speed up booster jab roll-out; SA president Ramaphosa has ‘mild symptoms’ after positive Covid test
Thailand halves to three months time between administering second shot and a booster; 69 year-old South African president tested positive for Covid-19 on SundayFauci urges Americans to get Covid booster as US nears 800,000 deathsNew Zealand investigate…
Enterprise escalator Impact Rooms rises to prepare African startups for growth and investment
A few years ago, at the start of the fintech services boom in Africa, Oliver Blantern got an opportunity to work in the continent offering advisory services to high-growth startups. For slightly over three years his company, Riverhouse Technology, helped the emerging tech firms in talent sourcing and acquisition. The trained lawyer did all this […]
MainOne CEO Funke Opeke says Equinix is buying her company for the right price
The African tech scene woke up today to exciting news about the landmark acquisition of MainOne, one of the region’s most important and pivotal tech companies in the past decade, by Equinix, a U.S. multinational specializing in internet connection data centers. The story of MainOne starts with founder and CEO Funke Opeke moving back to […]
TradeDepot raises $110M from IFC, Novastar to extend BNPL service to merchants across Africa
Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. TradeDepot, a Nigeria- and U.S.-based company that connects consumer goods brands to thousands of retailers and help out with distribution, has raised $110 million in new equity and debt […]