Business
Visa is paying $200m for a 20% stake in Interswitch ahead of a London IPO
Visa is in final stages to acquire a stake in Nigeria's Interswitch, in a deal that will make the pan-African...
Kenya Bankers Association launch Stawi, an unsecured digital credit platform
The Kenya banking sector, under the ambit of the Kenya Bankers Association, has unveiled a credit platform for Small and...
Interswitch Acquires 60% of e-Clat to Enter the Lucrative Health-Tech Space
Interswitch, a payments firm in Nigeria and other African countries has acquired e-Clat Healthcare Limited, a Nigeria-based health technology company...
Volkswagen and Siemens launch an electric car project in Rwanda
Volkswagen and Siemens have launched an electric mobility car project in Rwanda as part of the Moving Rwanda Initiative. Volkswagen...
Equitel rolls out new bundle with talk time and insurance cover
Equitel has announced the release of a new telephony bundle that offers customers both talk-time and insurance cover. Equitel will...
Twiga Foods Raises $30M From Goldman Sachs to Digitize Food Distribution
Twiga Foods, the Kenyan B2B food distribution company, has raised $30 million to digitize food distribution in Kenya. Twiga Foods...
Women Enterprise Fund collaborating with KEBS to support women-led SMEs
Women Enterprise Fund (WEF) is collaborating with Kenya Bureau of Standards (KEBS) and other organizations to provide support for women...
Safaricom appoints Kenyan CEO to double investor value
Safaricom's Board of Directors has appointed Mr. Peter Ndegwa as the company’s Chief Executive Officer effective April 1, 2020, to...
Huawei Ships 200 Million Smartphone Units For 2019 In Record Time
Huawei Consumer Business Group (CBG) today announced that it has shipped 200 million smartphones to date in 2019, 64 days...
Safaricom abolishes the expiry of calling, SMS & data bundles
Safaricom has abolished the expiry of data, calling and SMS bundles as part of the firm's plan to be simple,...
Equitel’s mobile commerce payments are its key growth driver
Equitel has recorded a 16% growth in the number of mobile money commerce transactions, according to the latest data from...
Safaricom Rebrands M-PESA, Offers Free YouTube Bundle To Support Kipchoge’s Challenge
Kipchoge To Also Extend His Partnership With Safaricom As He Becomes M-PESA Brand Ambassador Safaricom has today announced a raft...
Tingg, Africa’s first payments super app unveiled in 8 countries by Cellulant
Tingg’s all-in-one payment model seeks to revolutionize the way consumers interact with payment services in the region Cellulant, Africa’s leading...
How Sage wants to help organizations build & maintain a skilled workforce of the future
As the world enters the fourth industrial revolution, employers are finding it hard to either find the right talent or...
Daystar Power installs the 100th solar energy system in Nigeria
Daystar Power, a West African solar energy company has installed the 100th solar power system since the company was founded in...
Equity celebrates 35 years of existence and unveils a new look
Yesterday, Equity Group celebrated its 35 years of existence in the Kenyan market after having started its journey back in 1984. At...
Cellulant’s Mula rebrands to Tingg; Launches Africa’s first payments Super App
Cellulant, the pan-African payments firm has been quietly building a payments super app to bring bill payments, remittances, lending, group...
Cellulant Receives Africa Business Continuity Institute’s Award for its Resilience
Cellulant, a pan-African payments firm last evening received the most effective recovery of the year 2019 award from Africa’s Business...
Jumia revs up vendor loans to supplement its marketplace revenues
Jumia, an NYSE public listed e-commerce firm, is speeding up its lending offerings to its thousands of vendors to supplement...
Naspers invests $2.33m into DappRadar, a tracking platform for blockchain apps
Naspers' investment arm, Naspers Ventures has invested $2.33 million into Lithuania-based DappRadar, a global platform for discovering and analysing blockchain-based...
Safaricom wants Telkom & Airtel Kenya to pay Ksh 1.3 b debt before merger
Safaricom is not opposed to the proposed Telkom and Airtel Kenya merger, according to a statement by its chief executive...
Kenya’s MODE acquired by Singapore’s TransferTo (DT One) to bolster its global mobile top-up solutions
MoDE, Mobile Decisioning, a Kenyan mobile value-added services firm providing airtime credit to mobile network operators in emerging nations has...
SA’s MTN & Multichoice close branches indefinitely in Nigeria due to Xenophobia attacks
Following xenophobia attacks in Gauteng, South African businesses MTN, Multichoice, and Shoprite have closed shops in Nigeria and Zambia as...
First-Ever Oil Shipment Leaves Kenya & What It Means for the Economy
The final week of August may have been a momentous one in Kenyan history - but it appears to have...
Telkom Kenya blames Safaricom for derailing merger with Airtel
Telkom Kenya Limited and Airtel Networks Kenya Limited, announced, on February 8, 2019, an intention to merge their businesses in...
Erada Technology Alliance receives €288,000 from De Beers Group for its saliva-based diagnostic tests
Erada Technology Alliance, a South African heathtech startup, has received a €288 000 foundation grant from the De Beers Group...
ENGIE acquires Mobisol to expand its solar energy offering in Africa
ENGIE has acquired Mobisol, a struggling off-grid solar solution to expand its decentralized energy offering in Africa adding 3 additional...
11 startups join Plug and Play ADGM’s fall 2019 accelerator program
Plug and Play, the largest global innovation platform, and Abu Dhabi Global Market (ADGM), the leading international financial centre based...
Equity taps IFC’s head of financial institutions to accelerate its Pan African expansion
Equity Group has tapped the head of financial institutions in East and Southern Africa at the IFC as its Chief...
Knife Capital’s 4th Grindstone Accelerator Cohort Grew Revenues by 36%
Knife Capital, a South African venture capital firm, has announced its fourth Grindstone Accelerator cohort grew revenue by 36% created...