Thursday, July 3, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

Vodacom South Africa to Secure 51% Stake in IoT.nxt

Tech Gist Africa by Tech Gist Africa
05/14/2019
in Africa, Africa News, Business, News
0 0
0
Vodacom South Africa

Photo Credit - techcentral.co.za

0
SHARES
Share on FacebookShare on Twitter

IoT.nxt was founded in 2015 by Nico Steyn. In 2018, they raised R100 million from Talent10 Holding for international expansion to the Netherlands and the United States. They recently sold 51% stakes to Vodacom.

"A strategic agreement that enables us to reach many more markets around the globe. Our brand remains unchanged and we will continue to do business with anyone." – @iotnic https://t.co/xdmcjLUgDh #IoT #IIoT #IoTLeader @Vodacom pic.twitter.com/vq9RS0RHKJ

— IoT.nxt (@iot_nxt) May 14, 2019

The company simply creates a digital platform to connect businesses with things. The platform integrates information technology with sensors and improves business processes by providing a data flow system for organizations.


See also: Caselines Brings Digital Judicial Evidence Management Software to South Africa


Vodacom is known for seeking strategic acquisition opportunities to drive investments.  In 2000, they acquired a 40% stake in Safaricom which has proven profitable over the years. The acquisition of IoT.nxt stake is a move to boost their IoT business units to operate full IoT value chain across a number of outfits.

Shameel Joosub, CEO of Vodacom said that the investment will allow them effectively distribute the information obtained from sensors and to scale their IoT businesses.

Talent10 is still a major shareholder in IoT.ntx. Vodacom has appointed William Mzimba, the Business Chief Officer to lead IoT.nxt’s management team.

 

More on TechGist Africa:

  • Digital Equity Trading in Nigeria Goes International
  • Farmcrowdy Group, Best Foods Fresh Farms Join Hands to Improve Livestock Value Chain in Nigeria
  • Jiji Boosts Presence with OLX deal
  • Nigeria’s Publiseer makes the Halcyon Incubator Fellowship Final List
  • Nigerian State to Get an Electric Car Plant
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple WWDC 2025
Events

Apple Unveils iOS 26, macOS Tahoe, and AI Innovations at WWDC 2025

by Tech Gist Africa
06/15/2025
0

Apple kicked off its annual Worldwide Developers Conference (WWDC) with a series of announcements highlighting significant advancements in software design...

Read more
Zero Carbon Charge South Africa

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

06/15/2025
Kera Senegal

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

06/15/2025
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Next Post
Microsoft Set to Launch $100 Million African Development Center

Microsoft Set to Launch $100 Million African Development Center

MTN Nigeria Q1 2019 Result reveals 13.4% Revenue Increment

MTN Nigeria Q1 2019 Result reveals 13.4% Revenue Increment

Jumia discover misconduct by sales-force

Jumia Announces 58% Gross Merchandise Volume Growth amidst Fraud Allegations

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.