Equitel has recorded double digit growth in both the value and number of mobile money commerce transactions, according to the latest data from the Communications Authority. Equitel processed 87.9 million mobile commerce transactions between April 2018 and June 2018, up from 77.6…

Kenya’s online sports betting firm SportPesa has denied plans to go public refuting media plans that had earlier reported that the firm had engaged Nairobi-based Kestrel Capital to guide the process. Speaking to Reuters, SportPesa Chief Executive Ronald Karauri said  the firm…

Toyota and SoftBank have formed a new joint venture to facilitate the creation a new AI & autonomous car company dubbed MONET Technologies Corporation (“MONET”), before the end of the 2018 fiscal year (April 2019). MONET is aimed at helping the two realize…

Equity Bank Kenya led in the implementation of Equity Group’s digitization strategy that saw the bank move over 97% of its transactions from the banking halls to self service digital banking tools and as well pioneered in rolling out agency banking in…

Digital printing has brought great innovations to the packaging industry. Obviously, many companies are capitalizing on the benefits of digital printing in order to deliver quality packaging services.  Due to the flexibility, the efficient turnaround period and the ease of customization it…

Finserve, which was launched two weeks ago as an independent arm of the Equity Group is taking a foray into acquiring as many digital users as possible with the launch of its new mKey, a keyboard app which allows users to save,…

Safaricom will be exploring the use of finger and facial recognition in a bid to curb SIM fraud. Mobile money transactions will be suspended for a period of time following a SIM Swap, to prevent fraudsters from accessing customer funds held in…

Okapi Finance, a global money transfer company, has launched its services in Kenya with an objective of offering affordable cash transfer services. Working in collaboration with Guaranty Trust (GT) Bank, Okapi Finance is keen to address the challenge of costly cash transactions that Kenyans…

For the past four years, Peter Kimpel has been Chief Financial Officer of Rocket Internet SE, an Internet company he helped list in 2014 as well as helping subsidiaries such as Delivery Hero, HelloFresh and Home 24 to go public. Now he…

The Anti-Counterfeit Agency (ACA) has received $1,500,000 from the UK Department for International Development (DFID) channeled through TradeMark East Africa (TMEA) to digitize its operations and services. TMEA will also will provide technical and project financing support to the agency with the aim to…

Kenya’s top online store Jumia is adding Haier’s half-priced MOOKA TVs’ to its portfolio, a move that’s expected to see more households in Kenya own TVs and access top educational and inspirational content. According to Jumia, “Mooka TV is an exclusive customized TV…

Sub-Saharan Africa has in recent times been experiencing rapid economic growth rates, characterized by significant government reforms and a rapidly expanding middle class. Africa’s banking sector had remained largely static before the advent of mobile money innovation. According to Mckinsey and co,…

Visa., the global leader in payments, today announced a strategic partnership with Maxcom Africa PLC – a merchant aggregator also known as Maxmalipo – that will enable more than 30,000 retailers in Tanzania to accept Visa on mobile payments, as well as…

OKash, the microlending app developed by OPay, an affiliated company of the Opera Group, has added facial recognition to its app asking borrowers to add in the details before they can borrow helping users secure their accounts when they lose their devices…

Safaricom Foundation’s Wezesha programme has partnered with Generation Kenya to equip unemployed youth aged 18-35 with the knowledge, skills and tools required to succeed in a job, and positioning them for ongoing personal and professional success. This partnership will support intensive job…

FNB today announced that customers can now make payments through their VISA enabled FNB Banking Cards by simply tapping their compatible Fitbit or Garmin Wearable on any contactless enabled point-of-sale device. Customers with compatible Fitbit and Garmin wearables will now be able to…

Family Bank has revamped its PesaPap mobile app to help its customers borrow, pay bills and transfer money from their accounts to friends and family instantly. Though the app has been said to target non-customers, activating the app needs one to be…

 HFC, the banking subsidiary of HF Group has entered Kenya’s digital financial services market with “HF Whizz” , a mobile app targeted at the youthful, digital savvy entrepreneurs in the country as the bank moves to meet the growing needs of the…

Safaricom Friday issued a public caution to its customers to be wary of fraudulent SIM swaps after several customers raised concern with the telco’s commitment to protecting its customer data and money transfer via its mobile money platform M-PESA. The telco announced…

More than half the population of Sub-Saharan Africa will be subscribed to a mobile service by 2025, according to the latest edition of the GSMA’s Mobile Economy report series, published by the GSMA this week. The new report forecasts that there will be…

Pan-African telecoms group Liquid Telecom has announced that Ahmad Mokhles has been appointed as Group Chief Operating Officer (GCOO), a new position within the group. Effective immediately, Ahmad will help drive operational excellence across the group’s 13 countries of operation, creating value…