Hassanein Hiridjee, founder and CEO of AXIAN Group, has officially joined Jumia Group’s Supervisory Board, according to a recent SEC filing. This move comes at a critical juncture for the e-commerce giant, coinciding with the resignation of Angela Mwanza, Managing Director at Rockefeller Capital Management. Hiridjee’s appointment signals Axian’s intent to play an active role…
MTC Namibia has taken a historic step by officially launching its 5G network, making it the first operator in the country to roll out next-generation mobile technology. The service has gone live in Ongwediva, Swakopmund, Walvis Bay, and Windhoek, with a nationwide rollout planned over the coming months. This development signals the beginning of a…
Digital Realty has announced the opening of its third data center in Lagos, marking another significant milestone in strengthening its presence in West Africa. The new facility, LKK2, located in Lekki, adds nearly 2MW of installed IT capacity and approximately 13,000 square feet of data hall space. This expansion is set to accelerate digital transformation…
South Africa’s fintech landscape has marked a major milestone as Nedbank Group, one of Africa’s largest financial institutions, has acquired iKhokha in a ZAR1.65 billion (US$94 million) deal. This acquisition reflects Nedbank’s growing focus on digital innovation and inclusive financial services, with a particular emphasis on supporting small and medium-sized enterprises (SMEs). It also underscores…
5 minutes ago • Visible to anyone on or off LinkedIn Airtel Zambia PLC has partnered with the Ministry of Technology and Science in a landmark collaboration aimed at accelerating the nation’s digital transformation agenda. The partnership was unveiled at a high-level ceremony attended by Hon. Minister Felix Mutati, MP, Permanent Secretary Eng. Dr. Brilliant…
Just now • Visible to anyone on or off LinkedIn Vodacom Group has reached a significant milestone with the approval from South Africa’s Competition Appeal Court to proceed with its acquisition of a 30% stake in MAZIV, which houses key fibre assets including Vumatel and Dark Fibre Africa Zimbabwe. This approval, subject to revised conditions…
Swedfund has announced a significant investment of USD 15 million into TLG Africa Growth Impact Fund II (TLG II) to support the growth of small and medium-sized enterprises (SMEs) across Africa. The investment aims to protect existing jobs and create new ones in businesses that face significant challenges accessing financing. With many SMEs struggling to…
BURN, a leading manufacturer of clean cooking stoves, has secured a significant investment of US$15 million from the European Investment Bank (EIB). This announcement was made during the World Bank/IMF Annual Meetings held in Washington, D.C. The funding will play a crucial role in accelerating BURN’s mission to manufacture and distribute its innovative IoT-enabled ECOA electric cooking appliances, aiming to reach over 1 million households in East Africa.
