Author: Staff Writer

Africa Data Centres has broken ground on its new facility in Nairobi, Kenya. The new build will expand its existing data centre by up to 15MW of IT load. The facility will be built in the company’s leading-edge modular design. ADC’s expansion at the new site will be completed in the first half of 2024 and will bring five times more capacity than is currently installed. “We believe that data centres will play a significant role in digital transformation and economic growth on our continent. Without them, the push towards a digital economy in Africa will be missing a key…

Today EOH released the final terms of its rights offer and its specific issue of shares to its strategic investment partner Lebashe Investment Group. Salient points On 13 December 2022 at the Company’s EGM, EOH shareholders voted unanimously for EOH to proceed with the rights offer. The combined capital raise from the rights issue and specific issue will amount to R600 million. EOH has received irrevocable undertakings from existing shareholders representing 30% of the issued shares to follow their rights in full. EOH has underwriting agreements with Aeon Investment Management Proprietary Limited, Anchor Capital Proprietary Limited and Visio Capital Management…

More than 25 million South African consumers saved a combined R7 billion on their grocery bills during the past six months (July to December 2022) through the Xtra Savings programme at Shoprite and Checkers supermarkets.    It has contributed to fending off soaring living costs with Xtra Savings members swiping their rewards cards over 238 million times to benefit from instant cash savings at till points to help make ends meet.  Consumers countrywide continue to switch to Shoprite and Checkers with an additional 1 million members joining the Xtra Savings programme, which was named South Africa’s best retail rewards programme by the 2022 South African Loyalty Awards, during this period.    With an unwavering focus on affordability and accessibility, Shoprite and Checkers will continue to keep prices on everyday essentials and groceries as low as possible.   The following tips will…

Telkom today announced plans to enable mobile virtual network operator (MVNO) partnerships on its network. Telkom has leveraged its extensive network footprint across South Africa to offer MVNOs the opportunity to provide quality services over its network – thereby enhancing the much-needed competition in the telecoms space. Telkom believes partnering with MVNOs will enable them to deliver their propositions to selected target markets effectively. ” With a best-in-class network, we believe that such partnerships will help create jobs, create a path into the industry for smaller players, and ultimately contribute to the growth of our digital economy, “says Lunga Siyo,…

South Africa’s payment gateway provider Payfast has undergone a major rebrand. Having joined forces with PayGate and SiD under Network International, the company has created a new home for its consolidated offering. With a renewed focus on enabling growth – for the brand, its merchants, and the broader ecommerce industry – this milestone represents a new era in the payments industry. In 2021, DPO Group, of which Payfast is a subsidiary, was acquired by Network International, a globally renowned enabler of digital commerce across the Middle East and Africa. “By combining the capabilities of three of South Africa’s biggest ecommerce…

inDrive, the international IT platform for transport and consumer services, in its mission to fight injustice and aid in the development of urban areas with the help of new technologies, will cover the cost for all mobile data that users consume when using the application. inDrive became the first ride-sharing app in South Africa that made the use of mobile data free for its users, an unprecedented case in the country. Currently, the company operates in 9 cities of South Africa – Cape Town, Johannesburg, Pretoria, Durban, Gqeberha, East London, Pietermaritzburg, Rustenburg, Polokwane. Vincent Lilane, Business Development Representative inDrive said:…

AppsFlyer and Google have launched a new report looking at how mobile apps are transforming finance in Africa. Data reveals a significant increase in finance app installs across the African continent, as people turn to apps and technology as a way of managing finances, navigating economic uncertainty, and moving towards financial freedom. The report analyzed more than 140 million installs, across 3,000 finance apps, and found that installs across the continent grew 25%. Ghana, Nigeria, Kenya & South Africa were the main contributors to this rise in finance app installs, with the former largely bolstering this by a massive 200%;…

Women in Blockchain Talks has announced its biggest event yet on the 13th-15th March in Limassol, Cyprus, to coincide with International Women’s Day. The summit will bring together blockchain enthusiasts, industry experts and special guests to reflect on Women in Blockchain Talk’s monumental rise and look at the past, present and future of blockchain, how we can leverage it and in doing so create a space for all. There will be an array of international speakers and workshops, including Web3 and Metaverse Advisor Dr. Martha Boeckenfeldm, Professor Soulla Louca – the Director of the Institute For The Future at the…

Entersekt, a global leader in customer and payment authentication solutions for financial fraud prevention has announced the appointment of Jon Roskill, former Acumatica CEO and Microsoft executive, to its board of directors as part of its continued expansion within North America. In late 2021, Entersekt received significant funding from Accel-KKR, a technology-focused private equity firm, to hire key leadership, launch new branding, and accelerate the expansion within this region. Jon Roskill joins Entersekt board of directors A former Corporate Vice President at Microsoft, and CEO of Acumatica, Mr. Roskill brings decades of executive and advisory experience to the Entersekt board…

The latter half of 2022 was characterised by significant instabilities in the tech industry. E-retailer and cloud giant Amazon announced that it would cut tens of thousands of jobs, social media behemoths Twitter and Meta laid off significant percentages of their workforce, and even Microsoft saw its slowest revenue growth in five years. “There’s chaos in the industry internationally,” says Andrew Cruise, Managing Director of Routed, a local cloud platform provider and VMware specialist. “The war in Ukraine has kicked off a period of great uncertainty that’s affected global inflation, exchange rates, and general risk appetite. This follows the boom…