MapIT buys stake in SatNav East Africa

BUSINESS

|
Image: By BiztechAfrica
MapIT buys stake in SatNav East Africa

Digital mapping and LBS firm MapIT has taken shares worth USD2.1 million in SatNav East Africa, in a move expected to improve the reach and services of both.

SatNav East Africa chief executive Vincent Okema said MapIT would boost his firm’s expansion drive in East Africa, providing improved digital mapping and technical support across six East African countries.

mapIT’s integrated digital mapping solutions cover 104 countries and territories and 34.8 million kilometres of road globally, including 10 countries and 1.7m kilometers of coverage in southern Africa.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

Stock Exchange launches news service

A news service by the name of X-News has become the latest product coming from the local bourse, the Botswana Stock Exchange (BSE) recently. Read More

Telkom forays into Botswana through acquisition

South African telecommunications giant Telkom is making inroads into the Botswana market through the acquisition of an ICT company, Business Connexion (BCX).  Read More

Umati Capital secures $10m finance line from ApexPeak

Kenyan financial tech startup Umati Capital has agreed a deal with ApexPeak securing its first line of wholesale capital.  Read More

Kirusa acquires Ghana’s Saya Mobile

Voice messaging and social media apps firm Kirusa has acquired Ghana-based Saya Mobile, which provides instant messaging apps geared specifically for African consumers.  Read More

SAP to invest up to $500m in African innovation

Pfungwa Serima SAP has announced a long-term commitment to regional expansion, sustainable growth and skills development of up to 10,000 IT consultants in Africa. Read More

Microsoft, UNDP partner to support Ethiopian entrepreneurs

First Lady Roman Tesfaye (front) visiting women undergoing entrepreneurship training Microsoft has signed a collaborative agreement with the United Nations Development Programme (UNDP), under which Microsoft will provide training and mentorship services to 200,000 Ethiopian entrepreneurs. Read More

Location based services market to reach $43.3bn by 2019

A new report from Juniper Research forecasts that the Mobile Context and Location Services market will reach $43.3bn in revenue by 2019. Read More

Garmin calls on buyers in Southern Africa

The Africa team for Garmin Sub-Saharan Africa will be hosting meetings in Lusaka, Zambia to meet with buyers, potential resellers and business partners this month. Read More

Nomanini secures further $450k for expansion

Nomanini client StreetCred, Zamiba South African electronic prepaid service distribution platform Nomanini has received US$450,000 in funding from the IDC to expand outside of Africa. Read More

Africa offers US ‘compelling trade and investment opportunity’

Africa offers US multinationals a compelling trade and investment opportunity thanks to the rapid economic growth rates across the continent, says Standard Bank.   Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Nigeria’s VAS providers ‘on brink of extinction’Nigeria’s VAS providers ‘on brink of extinction’

WASPAN chief Simon Aderinlola says unless the regulator intervenes, WASPAN may not have anything left to regulate. Kokumo Goodie reports.

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya rolls out e-extension to improve agriculture

In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.