BancABC unveils co-branded cards to drive digital payments and e-commerce in Zimbabwe

ZIMBABWE – BancABC Zimbabwe has launched a  new suite of co-branded Mastercard and Zimswitch payment cards for its customers which will enable customers to make safe and seamless digital, domestic and international payments including e-commerce transactions. BancABC is the first bank to launch Mastercard and Zimswitch co-branded cards, following a partnership between the national payment switch and the global payment technology company announced last year. “We are delighted to be the first to market with this solution. It is thanks to the collaborative partnership between Mastercard, a global financial services…

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Car sharing marketplace Zoomcar launches in Egypt

EGYPT – Zoomcar, a car sharing marketplace covering emerging markets, has announced their launch of operations in Egypt through a press conference. Zoomcar, who dominates the car sharing market in India, has expanded to the MENA region and recently appointed Hany Olama as their country head in Egypt to help scale their car sharing marketplace. The company announced their plans to have 5,000 cars by March 2022, with an intention to scale to 20,000 cars on the marketplace by the end of 2022. “At Zoomcar, our mission is to democratize…

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Sanlam launches new product for low-cost healthcare market

SOUTH AFRICA – Financial services group Sanlam has launched Sanlam Health Solutions, which aims to fill a gap in the healthcare market for affordable and flexible solutions that offer a low-cost alternative to traditional medical scheme cove, reports IOL News. The product will also deepen its existing partnerships with medical schemes Bonitas and Fedhealth. According to the group, medical scheme penetration is low in South Africa with only 8.9 million South Africans (15.2% of the population) are members of medical schemes, either directly or as beneficiaries. Paul Hanratty, Chief Executive…

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Nigeria’s auto financing firm Autochek officially launches in Kenya

KENYA – Autochek, the automotive technology company that aims to facilitate auto finance across Africa, has officially spread its operations to Kenya as part of its pan-African expansion. To lead its Kenya operations, Autochek has appointed Bilhah Muriithi as the Country Manager. Having recently acquired automotive marketplaces Cheki Kenya and Cheki Uganda from Ringier One Africa Media (ROAM Africa), the move into the Kenyan market signals Autochek’s focus on building digital solutions that will increase market adoption for auto loan financing and drive partner prosperity for its core stakeholders, such as dealerships,…

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Pay@ and FinChatBot partner to launch a first of its kind payment solution in South Africa

SOUTH AFRICA – Pay@, South Africa’s leading payment solutions provider, has announced its partnership with FinChatBot, a global technology company specializing in conversational Artificial Intelligence (AI) solutions to develop a first-of-its-kind payment solution for the South African market. The payment solution will be launched in the last quarter of 2021, with plans to expand it to other territories in the future. By combining conversational AI with the ability to process payments via a number of channels (including in-store, mobile payment processing apps, EFT and bank card payments over USSD, and…

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Vodacom super app VodaPay goes live

SOUTH AFRICA – Vodacom’s VodaPay Super App has officially gone live and is available to customers on any mobile network. Developed by Vodacom’s fintech arm, Vodacom Financial and Digital Services, the new app provides an ecosystem of third-party services that allow consumers to do everything from peer-to-peer payments to sending money and ordering takeaways, or making grocery purchases. Vodacom first announced the app in June 2021, when it invited developers and businesses to join its ecosystem by building their own “Mini Programs” on the mobile platform. The App is backed by Chinese-owned online payment…

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Kenyan tech startup MarketForce enters Nigerian market

NIGERIA – MarketForce, a Kenyan B2B platform for retail distribution of consumer goods and digital financial services, has entered the Nigerian market. For merchants, the B2B webshop can serve as a platform for planning procurement, ordering periodically scheduled deliveries, overseeing the execution of contracts, and such. Co-founded in 2018 by Tesh Mbaabu and Mesongo Sibuti, MarketForce is a B2B retail marketplace that empowers informal merchants in Africa to source, order and pays for inventory digitally and conveniently, access financing, collect digital payments. One can also make extra money by reselling…

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Electric car manufacturer Tesla launches its Supercharger stations in Africa

MOROCCO – Tesla, an electric car manufacturer, has installed its first two Supercharger stations in Morocco, marking its first entry in the African market first. These first supercharger station has been installed in Tangier, near the main highway that connects Morocco’s major cities on the Atlantic coast. The company installed four supercharger stations capable of delivering 150kW near the Tangier Al Houara Hilton Resort. The second set of superchargers was installed at the Onomo Hotel in Casablanca, with a similar set of four 150kW charging stations. The two stations will…

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ARM-Harith set to launch ACT Fund for urban climate infrastructure solutions

MAURITIUS – ARM-Harith Infrastructure Investments, an infrastructure fund manager, has announced the official launch of the ARM-Harith Cities and Climate Transition Fund (ACT Fund), which is endorsed by the Global Innovation Lab for Climate Finance. The US$250 million target fund has been designed in collaboration with the Global Innovation Lab, a public-private partnership initiative funded by the Dutch, German, Swedish and UK governments, as well as the Rockefeller Foundation. The ACT Fund represents a pillar of ARM-Harith’s sustainable infrastructure investment platform and will invest in urban climate infrastructure solutions with…

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SweepSouth Connect launches its operations in Nigeria

NIGERIA – SweepSouth Connect, an online platform that connects people with reliable and vetted service professionals, has commenced operations in Nigeria. SweepSouth was first founded seven years ago in South Africa and expanded to Kenya at the beginning of last year. The innovative on-demand Connect platform allows customers the flexibility of booking a pre-vetted household or outdoor service professional at any time, providing a convenient and reliable connection, underpinned by a sense of trust. Ahead of the launch, SweepSouth included Nigeria in its annual Report on Pay and Working Conditions…

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