Acumen Software acquires 25% of Kinektek

Acumen Software, the asset and resource management firm that created the My Smart City platform, has acquired 25% of the commerce platform provider, Kinektek. Acumen Software plans to integrate Kinektek into My Smart City as it accelerates the rollout of the service...

Absa expands digital partnership ecosystem

Absa Group has signed agreements with the Meltwater Entrepreneurial School of Technology (MEST) in Ghana, the Cape Innovation and Technology Initiative (CiTi) and Grindstone in South Africa to support and collaborate in initiatives that are aimed at growing emerging...

Capital Appreciation acquires fintechs

South African FinTech Group, Capital Appreciation, has expanded its portfolio of technology companies. Capital Appreciation has acquired the Responsive Technology group for the purchase price of about R48,68-million. The acquisition includes three South African...

Darryn Botha is the new CIO of Ukheshe Technologies

Ukheshe Technologies, has appointed Darryn Botha as its CIO. Botha’s role will include overseeing data security, maintaining a stable IT infrastructure, while enabling Ukheshe’s business strategy and improving its ability to engage and collaborate with...

VALR.com raises $50m in Africa’s largest crypto raise

VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50-million (over R750-million) in Africa’s largest ever crypto funding round. This values the company at $240-million (R3,7-billion). VALR’s oversubscribed Series B equity...