TymeBank has announced that it reached its first month of profitability in December 2023, less than five years since launching in February 2019. This makes it the first digital bank to break even in South Africa and on the continent. “We are extremely proud of our achievement, particularly when you consider that globally, less than half of...
Day: <span>18 January 2024</span>
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OPINION | Shaping the Future of SA Education: The Transformative Role of Emerging Technologies
The future is becoming increasingly difficult to think about, let alone plan for. The vital need for education systems in South Africa to improve and meet the pressing needs of society and our economy only compound this difficulty. The rate at which technology is developing is approaching warp-like speed and yet somehow, we have yet...
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Amini closes $4m Seed Funding Round led by Salesforce Ventures and Female Founders Fund
Amini, a Nairobi-based climate tech startup focused on solving Africa’s environmental data gap through artificial intelligence and satellite technology, has raised $4 million in a seed funding round. The round was led by Salesforce Ventures, Salesforce’s global investment arm, and Female Founders Fund, a seed stage venture fund that invests exclusively in female-founded companies. Amini’s...
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Digit collaborates with MediaTek to offer affordable 4G smartphones to Vodacom customers
MediaTek, a global fabless semiconductor company powering nearly 2 billion connected devices a year, has collaborated with Digit to offer affordable 4G smartphones to Vodacom customers and make modern 4G/ LTE smartphones affordable to millions of its customers in South Africa, Egypt and Tanzania who are still using 2G devices. The Digit4G Energy smartphone is powered...
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Access Bank gets approval for standalone lending company, Oxygen X
Access Corporation, the parent company of Nigeria’s biggest bank by assets, is launching Oxygen X, a consumer lending subsidiary, to provide digital lending solutions to a bigger market than its banking customers. While Access Corporation has not disclosed a launch date for Oxygen X, it has received approval in principle from the Central Bank to...