African firm, Famous Brands, invests in Munch Software. 2 other stories and a trivia

This line-up of stories will help you discover the latest happenings around the tech world, today.

1. African firm, Famous Brands, invests in Munch Software

A company listed on the Johannesburg Stock Exchange (JSE), Famous Brands, has announced venturing into restaurant management technology ecosystem.

The investment comes as an equity stake in Munch Software, an associate company, with the aim of leading the digitization.

In a statement to their investors, Famous Brands expressed their anticipation of a profound impact through the new partnership.

Collaborating with Munch Software, the team seeks to achieve their vision of digitizing the restaurant management technology landscape.

The partnership is also expected to help Munch Software expand its operations and reach a broader audience.

The company further highlighted the growing presence of the home delivery sector in multiple countries, with several recent consumer-facing technology projects.

These initiatives include a centralized call center in Zambia, an online ordering platform for Mr Biggs in Nigeria, self-service terminals in Namibia and Botswana, and the launch of a delivery hub in Gaborone.

Trivia: The main role of a framework in software development is what?

A. Speed up the execution of code

B. Compile source code into an executable file

C. Provide a foundation of classes and functions for an application

D. Debug source code to find errors

Find answer below

2. Saudi proptech, Ejari, Secures $1m in pre-seed funding

A Saudi Arabia-based property technology (proptech) firm, Ejari, has closed a pre-seed funding round, raising $1 million (SAR 3.75 million).

The round was led by Sanabil 500 MENA and Hambro Perks’ Oryx Fund, with participation from several angel investors.

Established in 2022 by Yazeed Al-Shamsi, Fahad Albedah, Mohammed Alkhelewy, and Khalid Almunif, Ejari offers a unique Rent Now, Pay Later (RNPL) solution for residential rentals, addressing the need for more flexible payment options in the Saudi rental market.

Ejari introduced its RNPL service in the second quarter of 2023 after obtaining a license from the Real Estate General Authority of Saudi Arabia.

Ejari’s RNPL service allows tenants to pay their rent monthly, while landlords receive their yearly rental payment in full before the tenant moves in.

3. MTN appoints David Behr as Head of ICT Centre

Telecommunications company, MTN, has named David Behr, a former executive at Liquid Intelligent Technologies, as the CEO of its new ICT Centre of Excellence.

Behr will take on this role starting on November 1st, as he seeks to accelerate MTN’s cloud, cybersecurity, internet-of-things, and platform solutions for enterprise customers.

His appointment is expected to help MTN achieve its “Ambition 2025” strategy.

The strategy will see MTN focusing on the development of world-class ICT solutions, including strategic alliances with major cloud computing infrastructure providers, also known as ‘hyperscalers.’

Behr will succeed Vaughn Naidoo, who served as the interim CEO of the CoE.

Trivia Answer: Provide a foundation of classes and functions for an application

A framework, or software framework, is a platform for developing software applications. It provides a foundation on which software developers can build programs for a specific platform.

For example, a framework may include predefined classes and functions that can be used to process input, manage hardware devices, and interact with system software. This streamlines the development process since programmers don’t need to reinvent the wheel each time they develop a new application.

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