It’s a brand-new edition of the Big 5 Daily!
Big news, Nedbank has launched the Nedbank API Marketplace to allow approved technical partners create innovative solutions for clients. The banks R2-billion investment in technology made them the first African bank to launch an API platform that aligns with Open Banking Standards. This means technical partners will be able to access the bank’s data and financial capabilities to integrate with the bank’s standard, secure and scalable APIs. Nedbank will launch the platform in two upcoming events in Johannesburg on the 8th of April and Cape Town on the 9th of April 2019. Interested? Click here.
Also, Jiji acquired OLX businesses in Ghana, Kenya, Tanzania, and Uganda to boost its presence in sub-Saharan Africa. Jiji believes that this transaction is pivotal for its business. The transaction will redirect OLX users in Nigerian and the four other countries to Jiji’s website. This deal is backed by Digital Spring Ventures, one of Jiji’s top investors.
We also have news that, South African Yodiwo an IoT enabler platform has partnered with Cold Tech Marketing in a bid to transform the retail sector in South Africa. Cold Tech Marketing will leverage on the partnership to launch Yodigram image recognition software to its 2.5 million customers in over 19 African countries. Aside Cold Tech’s intelligent IoT platform and systems, Yodigram will also deliver in-store SKU image recognition capabilities with high levels of accuracy and reporting functionality.
Moving on, Liquid Telecom has confirmed that it has completed last year’s $180 million sale of 8% stake to the British government’s Sovereign Wealth Fund for developing countries known as Commonwealth Development Corporation (CDC). This transaction will see CDC become an 8% shareholder in the pan-African telecommunications operator. This deal is the largest investment by CDC Group in an African company to date.
Finally, Egypt’s consumer goods distribution network Brimore has raised $800,000 in a seed funding round co-led by Algebra Ventures and Endure Capital. The funding round also saw participation from 500 Startups, regional accelerator Flat6Labs, as well as other angel investors. Brimore is a direct-selling distribution platform that helps small local manufacturers sell their products directly to consumers through its network of freelance sales agents.
That’s it for the Big 5 Daily
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