October 16, 2024 – Hakuna Matata Media

WellPall Expands into Saudi Arabia with New Funding

7 months ago7 months ago05 mins

WellPal, the Egyptian e-commerce platform specializing in health and wellness products, has made a strategic move to Saudi Arabia following a successful investment round secured from an angel investor. Founded in 2019 by Mohamed Ali and Mohamed Tantawy, WellPal is a Flat6Labs portfolio company that has rapidly gained traction in the health tech space. With the relocation to Saudi Arabia, WellPal aims to accelerate its growth and establish itself as the go-to platform for health-conscious consumers across the Kingdom.

Fintech Mukuru Introduces a New Mobile Wallet in Malawi

7 months ago7 months ago04 mins

Mukuru, a leading fintech company, has made a significant stride in Malawi with the launch of its new Mukuru Wallet. Designed to meet the increasing demand for a digital store of value, the Mukuru Wallet is set to transform how cash-dependent citizens manage their finances. This innovative solution aims to provide Malawians with a simple, secure, and efficient way to handle money transfers and financial management, both locally and globally.

Mastercard Start Path Adds 10 New Fintech Startups

7 months ago7 months ago05 mins

Mastercard has unveiled its latest cohort of startups joining the Start Path Emerging Fintech program, showcasing a lineup of 10 cutting-edge companies that are set to make waves in the digital economy. This carefully selected group includes AWorld, Bankingly, FootprintLab, HowGood, Inovat, Lasso Security, Reewild, UrbanFox, Uvicuo, and Vaayu—each bringing a unique approach to solving modern challenges in areas such as sustainability, cybersecurity, digital transformation, and travel. By supporting these innovators, Mastercard aims to drive progress and create a more sustainable, secure, and interconnected world.

Grid Africa Gets $2.9M Equity from Rifuwo Energy Partners

7 months ago7 months ago03 mins

Grid Africa, a pioneering solar energy solutions company, has secured a notable equity investment of $2.9 million (R50 million) from Rifuwo Energy Partners. This financial boost comes at a crucial time as South Africa faces an impending rise in energy costs, which is expected to significantly affect businesses across the country.

5G Accelerates Digital Transformation Across MEA Region Rapidly

7 months ago7 months ago04 mins

Nokia’s latest research underscores a transformative shift in the Middle East and Africa (MEA) region’s connectivity landscape, with 5G subscriptions projected to soar to 519 million by 2029. This remarkable growth represents nearly 23 percent of all mobile subscriptions in the region. As the demand for data services escalates, 5G adoption is becoming increasingly critical for communication service providers (CSPs) in the region.