The right technology and strategy will drive cross-border ecommerce in Africa

Infobip, a global cloud communications company and a leader in omnichannel engagement, recently hosted a webinar on how digital transformation drives cross-border ecommerce in Africa. Entitled “Driving Cross-border eCommerce Through Digital Transformation”, the session included presentations by several speakers from Infobip, as well as other organisations, including a presentation by Konga, one of Africa’s top

Serena Williams steers funds towards Nigerian data provider

Tennis star Serena Williams’ investment firm has participated in a $3.3m fundraising for Nigerian data provider Stears. Serena Ventures has joined the fundraising, led by MaC Venture Capital, which also includes participation from Melo 7 Tech Partners, Omidyar Group’s Laminate Fund and Cascador. Stears, which started out as a consumer data journalism product, now offers

African music service Mdundo’s monthly active users reach 21.5m, up 107% YoY

Africa-focused music streaming service Mdundo has published its quarterly report for calendar Q3 2022 (ended September 30). The streaming company reports to have seen its monthly active users grow by a whopping 107% YoY, from 10.4 million in calendar Q3 2021 to 21.5 million in calendar Q3 2022 (fiscal Q1 2022-32). The platform’s largest country

Emirates Airlines Makes $837.6 Million on African Routes in 2021

Mobility company that offers vehicles for hire, micro-mobility, car sharing, and food delivery services Bolt, has partnered with Veriff, a global identity verification service company to facilitate the detection of fraudulent behavior of drivers. Having operations in more than 45 countries across the globe, Bolt sought for a partner who could verify driver’s documentation quickly

Biometric passport adoption trend grows amid data privacy, cost, issuance concerns

Multiple developments have emerged from different countries in recent days concerning biometric passports, from Pakistan announcing it has issued first copies of its new generation biometric passport to some top government officials and diplomats (but not the general public as yet), to Ghana saying it is transitioning from its current version of passports to biometric

Nigeria, Ghana exposed by global rate hikes, South Africa can weather storm, say economists

Higher US Federal Reserve rates to combat inflation have pushed global stock markets into retreat. In comparison with the last rapid Fed rate hiking cycle in 2004-2006, many African economies are now much more integrated with the global financial cycle, primarily through eurobond issuance, says Mark Bohlund, senior credit research analyst at REDD Intelligence in

Africa & Crypto: Top 5 countries and 10 best tokens

According to Arcane Research, African countries such as Nigeria, Kenya, Egypt, Mauritius, Uganda, Ghana, Seychelles and South Africa are among the leading nations for crypto adoption worldwide. With crypto adoption in Africa positioned to double in the coming years, one might wonder which cryptocurrencies are most used on the continent. This article discusses the 10 most