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Home The Big 5 Big 5 Daily

The Big 5 Daily: Kenya to Host First Africa Web Rangers Summit, SA’s Yoco Raised US$16-million Fund, And More

Tech Gist Africa by Tech Gist Africa
09/06/2018
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Hello Africa!

TGA’s Big 5 is hot and fresh, lace up and enjoy the ride.

Kenya to Host First Africa Web Rangers Summit…The Web Rangers Summit is coming to Africa for the first time and it will be hosted in the East African country of Kenya. The summit is aimed at spreading awareness about internet safety and promoting responsible digital citizenship Africa.


Exciting news from South Africa, Yoco has secured R248-million  (US$16-million) from different international and local investors. The fund was raised in a Series-B round led by Partech, a venture capital firm based in Silicon Valley, Europe and Africa.

Other investors who participated in the round are; Orange Digital Ventures, FMO (the Dutch Development Bank), South African-based FutureGrowth, and existing Series-A investors Quona Capital and Velocity Capital.


Meanwhile, the international remittance service, World Remit has launched a new digital money transfer service which will be unveiled in Kenya, Rwanda, Tanzania and Uganda. This service is expected to reduce the cost of sending money across borders which has been a major hurdle to regional integration.


During the recent Forum on China-Africa Cooperation where the Chinese President, Xi Jinping announced $60 billion for development projects in Africa over the next three years, the Ghanaian President, Nana Akufo-Addo took advantage of the opportunity to hold a meeting with the Chairman of Alibaba Group, Jack Ma. His request was simple and smart. He wants Alibaba’s Africa Operations to be headquartered in Ghana. Good news soon Ghana? We await.


Without mincing words, the presence of agritech start-ups have been a breath of fresh air in the agriculture sector. With the exponential power of technology, farmers, traders and consumers are able to connect beyond the brick and mortar methods African Agriculture is familiar with. Innovative ideas ventures FarmCrowdy, Farmerline, M-Farm, and others have immensely revolutionized the agriculture sector. Here are some top Agritech founders in Africa and their ventures with which they are changing the agricultural landscape in Africa.


Some extra juice for your pleasure.

Take a look at our piece on Muyika Mubarak, TGA’s techpreneur of the week who despite all the  odds went on to established Hypecentury and Zagace.


That’s all folks.

Sure you enjoyed the ride. Have a blast!

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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.

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