Uganda’s communications regulator has given Starlink a provisional license to operate in the country, as reported by Techpoint. The license was granted to Starlink, SpaceX’s satellite internet service, but Airtel Uganda had previously started testing Starlink’s direct-to-cell (D2C) LEO satellite service. Starlink operating in Uganda Starlink could improve connectivity in locations where terrestrial network infrastructure is limited, as the direct-to-call l technology allows standard mobile handsets to connect directly to satellites without specialized equipment. Airtel Uganda’s testing of the D2C service underscores the growing interest among established telecom operators in
South Africa’s Minister for Communications and Digital Technologies, Solly Malatsi, is planning to introduce legal changes to the country’s Electronic Communications Act to allow Starlink to operate in the country, according to Techpoint. Starlink was blocked from operating in South Africa due to its Black Economic Empowerment (BEE) rules. South Africa created the BEE laws to address racial inequalities stemming from apartheid. The policy is supported by the African National Congress Party (ANC), a political party in South Africa known for its opposition against apartheid. Changes to the Electronic Communications
London-based live entertainment platform for African music and talent, The Malachite Group (TMG), has launched its Culture Investment Program in partnership with Republic Europe. Investors and supporters can now share in the platform’s ownership. TMG’s portfolio includes Afro Nation and Piano People, both of which have sold tickets in several countries. The company has become one of the fastest-growing festival-led social media brands globally and co-launched the official Afrobeats Charts with the BBC in the UK and Billboard in the US, cementing its role in shaping the global narrative around
Black-owned investment firm Fearless Fund is launching a microfinance fund in Ghana. This, after, comes the American Alliance (AAER), which sued Fearless Fund, claiming that the Strivers Grant, sponsored by Mastercard, violated the Civil Rights Act of 1866 by excluding white founders. The Fearless Fund launched a new initiative one year after settling a lawsuit with the American Alliance for Equal Rights (AAER). Now the venture capital firm has set its sights on Africa. It’s launching a microfinance fund in Ghana on March 21 and awarding GHS 100,000 to female entrepreneurs, according to
Terra Industries, a Nigeria-based defense technology company, raised an $11.75 million in funding led by Joe Lonsdale’s 8VC [Lonsdale is also co-founder of companies including Palantir Technologies, Addepar, and OpenGov], as it emerged from stealth, according to TechCrunch. The round included Valor Equity Partners, Lux Capital, SV Angel, and Nova Global. Terra previously raised an $800,000 pre-seed round. The company said African investors in the round included Tofino Capital, Kaleo Ventures, and DFS Lab. Terra, founded by CEO Nathan Nwachuku, 22, and CTO Maxwell Maduka, 24, builds autonomous systems to
Women make up 47% of STEM graduates in Africa, according to a recent McKinsey study —a higher share than in Europe (42%), Asia (41%), and South America (41%). Additionally, in sub-Saharan Africa, as much as 30% of roles in STEM sectors are held by women. However, less than 20% of top tech roles are held by women in Africa. “Our research found that less than 20 percent of publicly listed companies in Africa with C-suite tech roles had a woman in that role,” the study’s authors wrote. “Furthermore, just 3%
Kredete, a Nigerian fintech company that helps African immigrants build credit, has raised $22 million in a series A funding round led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE). This latest round, which also had participation from Polymorphic Capital and Partech, brings Kredete’s total funding to $24.75 million, according to a press release. The fund will help the company expand into Canada, the United Kingdom, and key European markets. About Kredete Serial entrepreneur Adeola Adedewe founded the company in 2023 with a mission
The 2Africa submarine cable is scheduled to launch in September 2025 in locations including London, Ghana, Nigeria, and South Africa. Facebook reported that it will span 45,000 kilometers across nine landings, collectively known as the 2Africa Pearls. The subsea cable will directly connect Africa, Europe, and Asia. Upon its completion, the extension will make 2Africa the longest subsea cable system in the world, according to Facebook. It will surpass the current record set by the SEA-ME-WE 3 line, which spans 39,000 km and connects 33 countries across South East Asia,
Mastercard released a whitepaper highlighting Africa’s readiness, opportunity, and roadmap for responsible artificial intelligence (AI) adoption. Harnessing the transformative power of AI in Africa shares insights into how AI can unlock significant outcomes across the continent’s major industries, including agriculture, healthcare, education, energy, and finance. The whitepaper also details the potential positive impact of AI on digital infrastructure, policy and governance, research and development, local language processing, and investment into Africa. Additionally, it examined how AI can create more jobs, with up to 230 million digital jobs projected by 2030 on
IFC, a member of the World Bank Group, and Proparco, a member of the World Bank Group, announced an equity investment of up to $50 million in Helios Sports and Entertainment (“HSEG”), an investment vehicle dedicated to sport, media and entertainment across Africa. HSEG aims to foster a more dynamic sport and entertainment ecosystem in Africa by collaborating with its four partners: NBA Africa, The Malachite Group (Afro Nation), PFL Africa, and Zaria Group. IFC and Proparco invest in African sport The IFC commited $30 million of the equity investment,
