Africa Finance Corporation (AFC), the pan-African development finance institution with over $19 billion in total assets, has committed $100 million to invest in Africa-focused technology fund managers, the Lagos-based institution announced on May 18, 2026. The move marks a shift from AFC’s core infrastructure mandate into early and growth-stage venture capital. The first two commitments…
Youth ICT Council and Microsoft SA have united to drive AI readiness within public service. (Image source: 123RF) The National Youth ICT Council has joined forces with software giant Microsoft South Africa to drive artificial intelligence (AI) education within public service. The partnership targets at least 1 000 citizens to be enrolled and certified in…
The TikTok Inc. sign in front of the building on Tuesday, Jan. 27, 2026 in Culver City, CA. Kayla Bartkowski | Los Angeles Times | Getty Images TikTok’s U.S. joint venture seems to have survived a turbulent rollout with minimal change in usership, as early narratives of a mass user exodus prompted by service outages…
TikTok users have been deleting the app at a higher rate since the company announced that its U.S. operations would be housed in a new joint venture. The short-form video platform’s daily average app uninstalls in the U.S. have increased nearly 150% over the past five days compared with the previous three months, market intelligence…
President Donald Trump and TikTok said Thursday that the company had formed a joint venture to keep the video-sharing app operating in the U.S. under new American leadership. The company said Adam Presser, who has been serving as TikTok’s head of operations and trust and safety, will be the CEO of TikTok USDS Joint Venture….
Sony has announced a historic shift in its corporate strategy, signing a nonbinding agreement to spin off its TV hardware business into a new joint venture with TCL. Under the proposed terms, TCL will hold a controlling 51% stake in the new entity, while Sony will retain the remaining 49%. This move marks a pivot…
Dr Boloka, founder and CEO of OS Lab. (Photograph by Lesley Moyo) Former Film and Publication Board (FPB) CEO Dr Mashilo Boloka has ventured into fighting digital and online threats by establishing Online Safety Lab (OS Lab) – a trust safety start-up. The start-up, which started operating in 2025, seeks to help organisations across Africa…
The Technology Innovation Agency and Sedfa commit to invest in SA’s start-up and SMME ecosystem. Two entities of the departments of small business and science and technology have joined forces, to create a more integrated and supportive environment for innovators and small, micro and medium enterprises (SMMEs) across SA. The memorandum of understanding (MOU), signed…
Local start-ups continue to encounter hindrances in accessing equity investment. Funding limitations within South Africa’s venture capital (VC) ecosystem have once again been thrust into the spotlight, with an executive openly stating it is undercapitalised. Patrick Krappie, executive: innovation enabling at the Technology Innovation Agency (TIA), made the comments at a recent roundtable engagement it…
In a move aimed at strengthening Africa’s digital infrastructure and sovereignty in artificial intelligence, four technology companies from Australia, Nigeria, the UAE and the Netherlands have signed a Memorandum of Understanding (MoU) to establish AfricAI, a multinational joint venture dedicated to building enterprise-grade AI solutions tailored to African markets. Nigeria has been selected as the…
