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AliExpress, the international online retail subsidiary of the Chinese eCommerce platform Alibaba Group, is poised to make a significant entrance into the Ethiopian market. This development comes following a finalized agreement announced by Dr. Abiyot Bayu, Senior Advisor to Ethiopia’s…
Hohm Energy, a South African solar company, finds itself in a precarious situation just months after successfully raising $8 million in seed funding. The company has entered a business rescue process due to severe cash flow issues and an inability…
Apple is set to release the Mac Mini M4, which is anticipated to be the smallest Mac ever produced. This new iteration of the Mac Mini is expected to debut later this year, marking a significant design refresh for the…
The solar industry has been experiencing significant volatility, often referred to as the “solar coaster,” where companies can rapidly rise and fall. In a recent development, SunPower, a major solar installer and a top pick by CNET for national solar…
Lucky ONE, an Egyptian fintech specializing in consumer credit, has successfully secured $3 million in a convertible bond funding round. This strategic investment aims to expand its credit platform and facilitate entry into new regional markets over the next two…
Meta has launched two innovative monetization features aimed at enhancing the financial prospects for eligible creators in Kenya. This initiative is part of Meta’s broader strategy to support digital creators and foster a sustainable ecosystem for content production across the…
Sabipay, the local arm of Pesapal, has successfully obtained a Payments System Business license from the Bank of Zambia. This milestone is expected to revolutionize the way businesses and consumers engage with electronic payments across the country. With this new…
Kenya has officially approved a $907 million proposal from Adani Energy Solutions, a key subsidiary of the Adani Group. This ambitious project aims to construct new power transmission lines and substations across Eastern and Western Kenya, marking a pivotal step…
Telkom, a prominent South African telecom company, has announced impressive results in its trading update for the quarter ending June 30, 2024. The company reported a remarkable 3.9% increase in revenue, reaching R10.9 billion (approximately $587.2 million), alongside a significant…
Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has announced its decision to enter voluntary liquidation after nearly a year of unsuccessful rescue efforts. The company, known for manufacturing low-priced SUVs designed for the unique challenges of African roads,…
