Uber has partnered with JUMO, a fintech firm to launch JUMO Drive, a unique digital vehicle finance product to increase its fleet of cars in Kenya and across Africa. After a similar deal with Kenya’s Sidian Bank, Stanbic Bank and South Africa’s…
Cellulant, a Pan-African payments company providing a one-stop digital payments platform says it’s set to build an application programming interface (API) for Africa’s payments companies to solve Africa’s payment problems, grow eCommerce and improve cross-border remittances. “There is need for collaboration instead of…
PesaPal’s Sabi mobile point of sale (m-POS) has so far been distributed to over 1500 merchants across East Africa, with a lot of uptake coming from tour operators and the travel industry as well as schools and small retailers. The firm is…
Telkom has raised $40 million in debt from the European Investment Bank to grow its 3G and 4G coverage throughout Kenya, improve mobile connectivity, Fibre-To-The-Building (FTTB) network and improve the quality of service offered to enterprise and corporate customers. Telkom, which is the…
The people of Surulere, a community in Surulere, Lagos got a big surprise on Sunday night with the launch of a free wifi service by BabaJide Sanwo-Olu, governorship candidate of the All Progressives Congress in Lagos State. The initiative was launched two…
Technology growth in Lagos, Africa’s seventh largest economy is about to get a boost according to Mr BabaJide Sanwo-Olu, governorship candidate of the All Progressives Congress in Lagos State. Sanwo-Olu made the pledge on Friday during a Digital Lagos event hosted by…
Boomplay, a music streaming and download service run by Transsnet Music, a Transsion Holdings company has partnered with Vivendi’s Universal Music Group (UMG) to license its catalog to Boomplay for its users in Africa. The deal will see Boompay distribute music from…
US to Africa shopping platform Mall for Africa has launched an auto site to allow buyers in Africa to buy cars from the United States and have them shipped to Africa. Nigeria is the first country but the firm aims to add 16…
MFS Africa, a Pan-African fintech company, has announced the second close of its Series B funding round led by LUN Partners Group, a Shanghai-based global investment management group. Existing shareholder Goodwell Investments also joined the round with participation of new investors ShoreCap…
Rwanda government and Alibaba Group have signed three Memoranda of Understanding (MoU) to establish an eWTP (electronic world trade platform) to empower small and medium-sized enterprises (SMEs) to participate in cross-border electronic trade. “The Electronic World Trade Platform opens up new frontiers in…
Cellulant, a digital payments provider that reaches 40 million people across 11 African countries has been named among the Top 50 emerging Fintech companies in the world in this year’s KPMG FinTech100 report,appearing among the only three African companies representing Africa from Kenya,…
Uber and Suzuki Motor Corporation have entered into a new memorandum of understanding (MOU) to expand the fuel-efficient UberCHAPCHAP option across Sub-Saharan Africa to allow for thousands more economic opportunities for driver-partners and more choice for riders when it comes to affordable…
Naspers’ recently formed MultiChoice Group (formerly Naspers’ Video Entertainment business) has named a new executive leadership team to drive its growth across Africa. The firm has appointed Calvo Mawela as Group Chief Executive Officer and Imtiaz Patel Executive Chairman of the MultiChoice Group. Further…
Telkom has today issued the requisite thirty-day notice to relevant authorities and company stakeholders, of an intended workforce-restructuring exercise. In the statutory notification to the Ministry of Labour, Telkom Kenya has indicated that it is considering declaring about 500 employees, redundant. Since…
Bharti Airtel’s Airtel Africa has sold a $1.25 billion stake to six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others through a primary equity issuance in the company at a post money equity value of ~ USD 4.4 billion. The proceeds will be…
While on campus, Mercy Karimi Munene, liked the Jumia story, the convenience of shopping from your phone and having stuff delivered to your doorstep fascinated her. Out of curiosity, the then 3rd year Moi University Bachelors in Public Relations student shopped for her…
Like it or not, Africa’s mobile operators are central to the success of start-ups and for operators wanting to create “digital transformation”, they need new products and services. But each side needing the other does not mean that mobile operators know…
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…
The Ministry of ICT is currently working with other relevant stakeholders to develop a National Addressing System, (NAS), to name and number streets, buildings and parcels of land to facilitate easy identification, location and access to such places on the ground in…
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…
Naspers has said it will unbundle and separately list its Video Entertainment business on the Johannesburg Stock Exchange (JSE) as MultiChoice Group and will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. According to Naspers CEO Bob van Dijk said:…
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…
As part of her trip to South Africa to deepen the UK’s business, trading, diplomatic and research partnerships with the country, the Prime Minister set out a more than £56 million ($72 million) contribution through the Clean Technology Fund to a $500 million investment…
Toyota and Uber have announced a partnership agreement to advance and bring to market autonomous ride-sharing as a mobility service at scale. The firms aim to deploy the self-driving technology into purpose-built Toyota vehicles which will then be deployed on Uber’s ride-sharing…
Overseas Private Investment Corporation (OPIC) has showcased its support for several investment projects in Kenya during the president’s official visit to the United States. The projects support a range of sectors from affordable housing to reliable energy to OPIC’s Connect Africa initiative aimed at…
