The BYD Sealion 7 electric. Chinese multinational new energy vehicle (NEV) manufacturer BYD has made a multibillion-rand investment in expanding its operations in South Africa, as it looks to increase its market share in the local electric vehicle (EV) industry. BYD has set a target to, over the next year, open a dealership in every…
Maziv CEO Dietlof Mare Maziv, the fibre network operator in which Vodacom is buying a 30% co-controlling stake, wants to connect the more than 8 000 cellular base stations in South Africa that are not already connected to fibre infrastructure. CEO Dietlof Mare told Digital Council Africa’s Conext Digital Infrastructure Investment Summit in Sandton on Thursday…
TLDR Kenyan asset-financing startup M-KOPA has reported its first-ever profit after more than a decade of operations across Africa The Nairobi-based company posted a KES 1.2 billion ($9.2 million) profit in 2024, reversing a KES 3.2 billion ($24.7 million) loss in 2023 Founded in 2011 to provide solar home systems on credit, M-KOPA has since…
In this episodes of ITWeb TV, Tinyiko Simbine, co-founder and CFO of GirlCode, discusses the NPO’s mission to empower 10 million women and girls with tech skills by 2030. #Coding Since launching in 2014, non-profit organisation (NPO) GirlCode has empowered 100 000 women and girls with ICT skills. So said Tinyiko Simbine, co-founder and CTO…
Last year, African Originals secured $2m in funding to support its ambitions to expand the business in Kenya and beyond Nairobi, Kenya | AGENCIES | When Alexandra Chappate, CEO and founder of Kenya-based craft beverage producer African Originals, started working in Africa’s drinks industry in 2015, she was struck by the huge unmet demand for…
Brazil — THE BRICS list now includes eleven full members. Six other countries, namely Egypt, Ethiopia, Iran, UAE, Indonesia and Saudi Arabia joined the original founding countries, Brazil, Russia, India, China, and South Africa. In July 2025, Saudi Arabia formally became a full member, marking another milestone in the history of the alliance. South African…
TLDR South African earned wage access startup Paymenow has clinched a ZAR400 million ($22.5 million) working capital facility from Standard Bank Founded in 2019, Paymenow provides employees with real-time access to earned wages, helping them avoid payday lenders and improve their financial wellness The Stellenbosch-based startup previously raised a ZAR250 million ($14 million) debt facility…
John Mc Loughlin, group CEO and sales director at J2. South African cyber security firm J2 Software, with existing UK offices, is set to expand its footprint in the UK, Europe and Australia. John Mc Loughlin, group CEO and sales director at J2, made the announcement at the company’s office launch at its Johannesburg headquarters…
Dangote group is set to expand its $2.5 billion fertiliser plant located in Lagos, which will make Africa self-sufficient in fertiliser supplies and significantly reduce import costs. Aliko Dangote said on Friday that the planned production capacity would boost supply needs of the continent in the next 40 months. If the plan is successfully completed…
Frank Leonette, founder of Afridax. Newly-launched South African crypto-currency exchange Afridax has added Zulu language on the platform in a bid to attract more local users. The exchange has also set its sights on introducing more vernacular languages on the platform in the near future. Founded by crypto veteran Frank Leonette, Afridax is looking to…
