Strive Masiyiwa’s Venture Vaya Africa, launches an electric taxi service

Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent.

Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. Vaya Africa, a company registered in Mauritius, responsible for the transport of people and goods in Africa and the generation of adjacent revenues in this sector, launched a new product on the Zimbabwean market. It is the electric vehicles called “Vaya Electric”. The South African headquarters of Vaya Africa has acquired a series of Nissan Leaf electric vehicles and has…

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Tiktok experiences brief outage, launches new Ad Platform amidst calls for ban

Tiktok experiences brief outage, launches new Ad Platform amidst calls for ban

TikTok has had a difficult week, to say the least — and rival Instagram just made it much harder. For a few hours on Thursday afternoon, videos that appeared on TikTok user pages, following feeds, and the For You Page all displayed broken Like totals for some users across the globe. TikTok showed that these videos had zero likes. “Earlier today, some of our users experienced app issues around notifications, the display of likes and view counts, and trouble loading videos on some pages of the app,” TikTok said in…

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Twitter might just launch a subscription platform, hints job listing

Jack Dorsey, Twitter's CEO Voice Tweets Gryphon

Twitter appears to be having a subscription platform for its social networking service in the works. A new job listing reveals that Twitter has a new internal team, codenamed “Gryphon,” that is “building a subscription platform.” Twitter is currently recruiting engineers to join this subscription team, with employees collaborating closely with the company’s payments team. Shares of Twitter (TWTR) rose 8% Wednesday afternoon following the posting. The job posting notes potential Twitter subscriptions would be “a first” for the company, but it’s not clear exactly how Twitter plans to implement…

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Facebook considering WhatsApp, Messenger Integration

The last year, Zuckerberg said he was planned to merge Facebook, Instagram and WhatsApp in a unique service. So, if you have a Facebook account, you might be able to reach your friends having WhatsApp. News report by WABetaInfo is that Facebook is considering integrating WhatsApp into Facebook Messenger. The report cited developer Alessandro Paluzzi, who found references within Facebook code regarding the integration of these Facebook-owned services. “In particular, Facebook is creating some tables in a local database in order to manage messages and services with other WhatsApp users,”…

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Opinion: Factors that will likely shape ecommerce in the second half of 2020

COVID 19 Read consumer

As we enter the second half of 2020, Dan Barker examines the key trends that are set to shape ecommerce, and how retailers can respond to them. The first half of 2020 has been eventful for ecommerce. Of course technical innovation has progressed: Shopify launched a marketplace, Google relaunched organic product listings, Facebook introduced ‘shops’, and thousands of other changes. But much of the first half of 2020 was shaped by a disease named after 2019. The effects of ‘SARS2’ on ecommerce are tough to overstate. Tens of thousands of…

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Central Bank of Kenya Declines to cap the free M-Pesa transactions to five

M-Gas Mpesa

Kenya’s leading telco Safaricom has lost the bid to cap free M-Pesa transactions to five. This comes after subscribers split high-value transfers to avoid paying transfer fees, costing it billions of shillings in revenues. The company had petitioned the Central Bank of Kenya (CBK) to cap the number of multiple transactions between two numbers, according to a recent disclosure of conference call transcripts between Safaricom and investors seen by the Business Daily. Safaricom reported that customers were splitting high-value money transfers of as high as Sh60,000 to deals of below…

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Opera’s Opay Pulls Plug on ORide, OCar, Shifts focus to eCommerce & payments

Opera’s Opay Pulls Plug on ORide, OCar, Shifts focus to eCommerce & payments

News earlier in the week broke that Opera-backed Nigerian fintech startup, OPay has reportedly shut down all its business operations in Nigeria following a letter issued by its foreign investors amidst the poor economic climate caused by the COVID-19 pandemic.. A report claims that all verticals of the startup, including ride hailing, ORide and OTrike — which were still active in other states aside Lagos; the recently launched B2B and B2C eCommerce platforms, OMall and OTrade; OExpress for logistics; and food delivery feature, OFood will be closed down. Opay launched…

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Amazon to manufacture self-driving cars after acquiring start-up Zoox for $1bn

Amazon to manufacture self-driving cars after acquiring start-up Zoox for $1bn

Amazon is making strides into developing its own self-driving vehicles, agreeing to buy Californian start-up Zoox in a deal said to be worth more than $1bn (£810m). The takeover was first reported by tech website The Information and was later confirmed by Amazon.  Talks were said to have started between the two companies last month. Zoox’s chief executive Aicha Evans and chief technology officer Jesse Levinson will continue to lead the team as a standalone business after the deal has completed, Amazon said. The takeover is believed to be part of Amazon’s plans to begin…

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YouTube TV sharply hikes subscription to $64.99, adds ViacomCBS channels

YouTube TV sharply hikes subscription to $64.99, adds ViacomCBS channels

YouTube TV has announced a sharp 30pc raise to its monthly price from $50 per month to $64.99 as the company starts to offer eight of ViacomCBS’s channels, which are available today: BET, CMT, Comedy Central, MTV, Nickelodeon, Paramount Network, TV Land, and VH1. The new price takes effect today for any new subscribers while existing customers should see it on their next billing cycle (either on or after July 30th). The $15 increase in price marks the latest price hike for YouTube TV, which was $35 per month when…

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DCA Group Hosts ‘The Impact of COVID-19 on SME Financing in Africa’ WebForum

DCA WebForum Series 3 Executive Roundtable The Impact of COVID-19 on SME Financing in Africa

The COVID 19 pandemic has had and is predicted to have a strong effect on labour markets worldwide and in particular, Africa, where more than 70% of the workforce is in self-employment or works in micro, and small enterprises. This will also disrupt many existing value chains that most likely would, in turn, lead to loss of income and sharp increases in unemployment. In addition, most of the SMALL MEDIUM ENTERPRISES (SMEs) especially in the developing countries are often run by women, operate in saturated sectors in the informal economy and…

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