Abraham van der Merwe and Shane Chorley Frogfoot Networks, internet service provider Vox and prepaid fibre brand Hypa have raised new equity and are expanding their debt facilities in a transaction that values the businesses at R14.4-billion and is meant to more than quadruple the rate at which Frogfoot connects South African homes. The target…
Simon Ellis, co-founder and CEO of Jem, Quona Venture Partner Johan Bosini and Caroline van der Merwe, Jem co-founder and COO. (Photo: Supplied) South African HR technology company Jem has raised $8.4 million in a Series A funding round led by global fintech investor Quona Capital, as it expands its workforce management platform for frontline…
Mastercard and TeamApt Limited, a subsidiary of Moniepoint, have entered a strategic collaboration to strengthen digital payment capabilities for businesses and financial institutions across Africa. As part of this collaboration, TeamApt will operate directly on Mastercard’s global payments network as a non-bank acquirer, enhancing its ability to onboard credible and licensed entities to deliver seamless…
CEO of Yooz, Laurent Charpentier. Yooz, the trusted expert in purchase-to-pay (P2P) automation, and Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, today announced the expansion of Yooz’s Purchase-to-Pay automation solution across additional Sage markets, following a successful rollout in France earlier this year. As organisations continue to…
MAIDSTONE, England — Izzy Woodrow is a believer. Four weeks ago, he joined the small but growing number of Brits who have bought a Chinese-made vehicle. “I’ve got a car that I enjoy driving [and is] super comfy. It’s very quiet and the fit and finish is great and the technology experience is enjoyable ” Woodrow…
BrainsMingle raised $400,000 in seed funding from BasharSoft Group to expand its AI-powered professional networking platform and grow its reach beyond the US and Middle East. Founded in 2024 by Belal Amin and Yousef Gamal, BrainsMingle offers a video-first platform where experts can host live sessions, manage bookings and payments, build communities and connect with…
A proposal to expand the Africa Cup of Nations, AFCON from 24 to 28 teams has been rejected, the Guardian UK has learned. The plan had been put forward by the Confederation of African Football’s president, Patrice Motsepe, in February at a press conference in Dar-es-Salaam, Tanzania. Had it been approved, the expansion would have…
The ECOWAS Parliament has adopted a series of resolutions and recommendations aimed at expanding access to affordable, reliable and sustainable energy in rural communities across West Africa, with lawmakers calling for accelerated investment in renewable energy to drive economic growth and improve livelihoods. The resolutions were unanimously adopted at the conclusion of a five-day delocalised…
South African fintech company Yoco has officially acquired Dyner.ai, a local startup specializing in AI-driven operational software for hospitality and independent retail businesses. While the purchase price remains undisclosed, the deal marks a significant strategic milestone as Yoco’s first major corporate acquisition. Read: SpaceX successfully launches Starship V3 in performance-packed test flight The transaction signals…
Absa has officially added Shell to its loyalty network, significantly expanding the footprint where customers can optimize their fuel spending. Under this new partnership, Absa Rewards members filling up at participating Shell service stations across South Africa can earn up to 30% cashback while simultaneously “double-dipping” into Shell’s native V+ loyalty ecosystem to claim an…
