Business

Confirmed: Visa be buying a 20% stake in Nigeria's Interswitch, a company focussed on the digitisation of payments in Nigeria and other countries in Africa, for $20 million, valuing the FinTech giant at $1 billion.

AWS is set help take some of South Africa's startups and small businesses to the next level of their business journey. AWS will invest over R365 million into 100% black owned South African small businesses in ICT.

It's no secret that telecommunications companies across Africa have regularly complained about OTT (Over The Top) platforms such as WhatsApp, Facebook Messenger, Snapchat, Skype, and others. Ayoba seems to be MTN's answer to them as it hits 1 million active users.

BizPortal, a new online business registration service in South Africa, has been launched by a South African government agency known as the Companies and Intellectual Property Commission (CIPC). It reduces business registration to 1 day.

Visa is looking to buy 20% of Nigerian FinTech giant, Interswitch, for $200 million. This is in anticipation of Interswitch's IPO on the London Stock Exchange in 2020.

Turn.io, the recently launched behaviour change chat product, has partnered with Mintor, to scale their award-winning youth employment platform in South Africa.

African governments must refrain from creating stumbling blocks for their brave new technology entrepreneurs, such as curbing access to the Internet, restricting digital information flows, under-investing in science, technology, engineering and mathematics education.