Payment24 Partners with Mastercard to Enhance EMV Adoption in EEMEA Fleet Sector
Payment24 started as a digital fuel management and telematics platform but has grown into a global payments provider, offering solutions for the financial, oil, retail, transport, and logistics sectors.
Copia Enters Administration After Failing to Secure New Funding
In July 2023, Copia cut operations and laid off 350 staff. Earlier, it had reduced its workforce by 50 employees to cut labour costs while seeking profitability.
Orca Fraud Secures $550K Pre-Seed Funding to Tackle Fraud in Emerging Markets
Orca, based in Cape Town, plans to use the funds to develop fraud prevention tools tailored for emerging markets and to expand its all-female team.
Microsoft Invests $70 Million in South Africa to Boost Job Creation and AI Development
In recent years, South Africa has intensified its efforts to adopt AI for economic growth, improved efficiency, and to tackle societal challenges.
Bolt Adopts inDrive’s Bidding System to Tackle Ride Shortages
Bolt's new bidding system, similar to what competitor inDrive introduced in Nigeria, aims to motivate drivers to accept more trips, especially during peak times.
Google Announces First Direct Fibre Optic Link Between Africa and Australia
Google's goal with this new route is to create a more resilient network in a region prone to high-impact outages.
Busbud Acquires South Africa’s Ratality to Enhance Revenue Management Features
Ratality’s software has been shown to boost operator revenues by over 30% annually.
TowerCo of Africa Tanzania Lands $30 Million to Construct 200 Telecom Sites
Founded in February 2023, TOA Tanzania owns and manages telecom infrastructure that it leases to mobile network operators.
Lagos State Unveils Cybersecurity Project to Enhance Digital Safety
The Lagos State Government has launched a Cybersecurity Operations Centre (CSOC) to enhance digital safety and protect its infrastructure from cyber threats.
BritBox to End Services in South Africa by August 2024
BritBox's global CEO, Reemah Sakaan, highlighted in September 2022 that South Africa had high streaming volumes compared to other markets.