Category: Tech

Airtel Zambia and Zambia Industrial Commercial Bank Limited (ZICB) have joined forces under a Memorandum of Understanding (MoU) to enhance the business landscape for Zambia’s Small and Medium Enterprises (SMEs). As part of this collaboration, Airtel will provide state-of-the-art 4G and 5G Internet devices to ZICB’s SME clients at no cost, contingent upon their registration for the bank’s Internet banking platform and commitment to monthly bundles.

The United Nations Development Programme (UNDP) is embarking on a groundbreaking initiative to raise $1 billion in collaboration with African governments and private sector partners. This initiative aims to establish a network of 10 technology hubs across Africa, fostering innovation and supporting startup growth continent-wide.

Innovate Africa Fund, co-founded by Kristin Wilson and Christian Idiodi, has kicked off with an initial $2.5 million rollout to support early-stage startups across Africa. This sector-agnostic fund aims to nurture up to 20 startups in its first year, focusing on innovative solutions to tackle pressing challenges like insecurity, unemployment, and poverty through purpose-driven technology.

Pumpkn is revolutionizing agribusiness financing in Africa, securing funding from Renew Capital to address the critical funding gap that hampers the growth of agricultural small and medium-sized enterprises (agri-SMEs). By leveraging data for credit assessments, Pumpkn enables lenders to identify bankable businesses and manage loan portfolios, making agribusiness financing commercially viable and accessible.

The Cape Verde Tech Park has swiftly established itself as a vibrant technological hub, surpassing expectations in less than a year of operation. Funded by the African Development Bank Group with €45.59 million, this state-of-the-art facility aims to empower African youth through soft skills training and employment opportunities in the Fourth Industrial Revolution.