VRwanda has taken a significant step in advancing its technology sector with the groundbreaking ceremony of Kigali Innovation City (KIC). This $300 million project aims to establish one of Africa’s premier innovation hubs, positioning Rwanda as a leader in technological growth and development.
Zamtel, Zambia’s government-owned mobile operator, has officially launched its e-SIM service in Lusaka. As one of the three major mobile networks in Zambia, alongside Airtel and MTN, this move marks a significant advancement in the country’s telecommunications sector.
The London Internet Exchange (LINX) is expanding its African interconnection platform by partnering with PAIX Data Centres in Nairobi. This strategic move responds to strong demand from the local networking community, enhancing connectivity options for networks housed at PAIX.
Innoson Vehicle Manufacturing Company (IVM), Nigeria’s prominent vehicle manufacturer, has proudly unveiled its first locally produced electric vehicle (EV) in Nnewi, Anambra State. This landmark development marks a significant milestone for the company and the Nigerian automotive industry.
Paymob, the Egypt-born fintech startup, has successfully secured an additional $22 million in funding, boosting its Series B round total to $72 million. This latest investment comes on top of the $50 million raised in 2022, bringing Paymob’s total funding to over $90 million since its inception.
NTT DATA has announced a significant multi-year partnership with Arsenal FC, marking a milestone as the club’s official digital transformation partner. This collaboration adds to NTT DATA’s growing list of global sports and major event technology partnerships.
Aijaz Shalla has been appointed as the new Chief Operating Officer at SBM Bank Kenya, bringing with him extensive experience and a distinguished track record in the banking sector. Aijaz holds a Bachelor’s degree in Electronics & Communications and an MBA in Banking & Finance, where he was recognized as a Gold Medalist. His career spans over 23 years, including significant roles across various industries such as banking, steel, and power sectors.
African Originals, the company behind popular craft beverage brands Kenyan Originals and 5.8, has successfully secured $2 million in funding, led by Phoenix Beverages Limited. This significant investment marks a major milestone for African Originals, enabling the company to scale its operations, expand its product range, and reinforce its commitment to sustainability and community impact.
