SA data centre company, Teraco raises US$90 million for expansion

Teraco Data Environments, a South African data centre company, has announced it has raised US$90 million from Barclays Africa Group to expand its offering in the country and across the continent. Launched in 2008 following the deregulation of the South African telecoms market, Teraco provides resilient, vendor neutral data environments in South Africa. Clients’ information systems and networking

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Africa Innovation Challenge winners announced

Johnson & Johnson, the world’s largest healthcare company, has announced the winners of the inaugural Africa Innovation Challenge at the ongoing Global Entrepreneurship Congress in South Africa. Announced last year, the challenge was aimed at supporting entrepreneurs on the continent that are developing local consumer health solutions. The challenge focused on three critical health areas: promoting early child

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SA’s FinChatBot raises US$122k to disrupt financial industry

FinChatBot, a South African Fintech startup, has raised about US$122,250 (ZAR 1.6 million) in a seed funding round to disrupt the financial services industry. Launched in 2016, FinChatBot developed an AI-powered chatbot platform known as Holly, specifically for financial service and insurance providers. Holly’s aim is to increase insurance companies conversion rate whilst also reducing call

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