Rise of the African tech unicorns

African unicorns have made big news in recent months, with four startups having recently reached a $1-billion valuation or more this year alone, taking the total up to seven. Two of the new entrants are in fintech, one in edtech, and one in general technology. These...

Africa is ripe for investment

Ahead oft he German Africa Investment Conference taking place next week, the South African Department of Trade and Industry met with SEW-Eurodrive to discuss its R200-million investment into the country on site at the organisations new head quarters in Aeroton,...

DPI raises $900m fund to invest in innovation-led companies

Development Partners International (DPI) has announced that African Development Partners III Fund (ADP III), has exceeded its $800-million target, and is set to hold a final close at $900-million, with an additional $250-million of dedicated co-investment capital....

The role of technology in rewriting Africa’s narrative

After a decade of unprecedented growth and promise during the 2010s, African economies took a battering in 2020 as a result of Covid-19. By Ndagi Job Goshi, GM of Liferay Africa While the continent was not alone in this — the UN found that the pandemic is...

Omnisient wins African startup award

Omnisient has been recognised by US-based Startup City as one of Africa’s Top Ten Startups, having recently also won Best Brand Award from the World Marketing Congress, and achieving a second round of funding in July 2021. Based in San Francisco, Startup City...

Paratus to open Zambia data centre

Paratus Group’s brand-new data centre opens in Lusaka, Zambia on 1 October 2021. Offering colocation services, 24/7 quality connections for local and multinational businesses, together with a highly sophisticated range of digital and aligned services, Paratus...