African Tech Daily

Latest African technology news and insights

people

Ex-FNB CEO Michael Jordaan Backs South African AdTech Startup in Latest Investment Move

Divine Mutoni
Ex-FNB CEO Michael Jordaan Backs South African AdTech Startup in Latest Investment Move
According to TimesLIVE, ex-FNB CEO Michael Jordaan has backed a quiet South African AdTech startup, marking his latest investment move.

The Investment Move

As reported by TimesLIVE, the investment in the AdTech startup is a significant development for our continent's tech ecosystem, showcasing the growing interest of seasoned investors like Michael Jordaan in African innovation.

Why This Matters for African Startups

This investment is a vote of confidence in our entrepreneurs and their ability to create solutions that can compete globally. It also highlights the potential of AdTech in Africa, where digital advertising is on the rise, driven by increasing internet penetration and mobile usage.

Industry Trends and Opportunities

Trusted by Families Across the Diaspora

Keep Your Family Connected with Remmittance.com

Send airtime, pay electric bills, and manage subscriptions for your loved ones back home in seconds. Fast, secure, and affordable support when it matters most.

  • Instant Delivery
  • 99.9% Success Rate
  • Pay Electric Bill
  • 24/7 Support
Send Support Now →
Happy family member using Remmittance

The AdTech sector in Africa is poised for growth, with more businesses shifting their advertising budgets to digital channels. This trend presents opportunities for our startups to innovate and provide tailored solutions for the African market, leveraging platforms like M-Pesa for mobile payments and reaching a wider audience through social media.

Celebrating African Innovation

We celebrate this investment as a win for African innovation, demonstrating that our startups can attract significant backing from experienced investors. This development also underscores the importance of nurturing our tech ecosystem, providing support for entrepreneurs, and fostering an environment that encourages innovation and growth.

Building Africa's Tech Future

As we look to the future, investments like these will play a crucial role in shaping our continent's tech landscape. With the right support and investment, our startups can scale, create jobs, and contribute to economic growth, ultimately building a brighter future for Africa.

About the Author

Divine Mutoni

Divine Mutoni

Senior Reporter, East African Innovation

Innovation and Regional Growth Reporter based in Kigali. Divine follows the next generation of African founders, focusing on product scalability, user experience, and the expansion of the East African Single Digital Market.

View all articles by Divine Mutoni →

Related Articles

TechTrendsKE Reports African Startups’ Traction Focus Signals Scale Challenges for Founders
people

TechTrendsKE Reports African Startups’ Traction Focus Signals Scale Challenges for Founders

Startup Club ZA’s Platform ZA Aims to Expand Access for South African Tech Founders
people

Startup Club ZA’s Platform ZA Aims to Expand Access for South African Tech Founders

Akua Aboah Showcased as Forerunner for West Africa's Global Rise in Forbes Feature
people

Akua Aboah Showcased as Forerunner for West Africa's Global Rise in Forbes Feature