Tyme Banks secures $77.8 million for fintech

26 May 2023

Tyme Group – owner of digital bank ‘Tyme Bank’ - has secured $77.8 million in a pre-series C capital raise, backed by new international investors.

Fresh funds were raised by Tyme’s existing shareholders, along with investment from two new shareholders – Norrsken22, an Africa-focused tech growth fund, and Blue Earth Capital (Blue Earth), an independent global impact investment firm. The funds are intended to further operations in South Africa and the Philippines, for future expansion in southeast Asia, and a partial share buyback.

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Liquid Dataport links Mombasa to Johannesburg

24 May 2023

Liquid Dataport has launched the first terrestrial fibre connecting Mombasa to Johannesburg.

This new route, including a breakthrough and unique fibre link across DRC between Goma and Kananga, provides multiple landlocked countries with extra redundancy, resilience, connectivity to numerous data centres and cloud resources, and, most significantly, an alternative option in the event of a subsea cable outage between Kenya and South Africa.

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Only 19% of SA organisations are cyber-resilient

03 May 2023

Just 19% of organisations in South Africa have the ‘Mature’ level of readiness needed to be resilient against today’s modern cybersecurity risks, according to Cisco’s Cybersecurity Readiness Index.

Organisations have moved from an operating model that was largely static – where people operated from single devices from one location, connecting to a static network – to a hybrid world in which they increasingly operate from multiple devices in multiple locations, connect to multiple networks, access applications in the cloud and on the go, and generate enormous amount of data. This presents new and unique cybersecurity challenges for companies.

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Botswana to become digital skills hub

03 May 2023

Botswana intends to become a regional digital skills hub, according to Thulagano Segokgo, minister of communications, knowledge, and technology. The minister said that Botswana has bold ambitions of having future-oriented, skilled digital human capital so that it can catalyse and sustain innovation ecosystems.

“It is imperative that Botswana, through these future-oriented, skilled digital human capital, establish herself as a regional talent hub and thus create opportunities not only in our economy, but in the region,” said Segokgo.

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