AfDB launches a $400m Africa Digital Financial Inclusion Fund to expand digital financial transactions...

The African Development Bank and its partners on Wednesday launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and...

Futuremakers by Standard Chartered raising $50m to invest in 50,000 youth-led startups

Standard Chartered Bank has launched its new community investment approach called Futuremakers by Standard Chartered to help the next generation learn, earn...

Equity Bank Gets £50m From the European Investment Bank | Enters Ethiopia

The European Investment Bank, supported by the European Union has launched a new EUR 50 million (KES5.7 billion) agriculture sector financing programme...

WorldRemit unveils a salary payments service to allow UK firms or NGOs pay staff...

WorldRemit has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to pay their employees or contractors in...

Visa’s Blockchain-based Visa B2B Connect for global cross-border payments launches

Visa has commercially launched its Blockchain-powered Visa B2B Connect network, giving financial institutions an ability to quickly and securely process high-value corporate...

Co-operative Bank partners with WorldRemit for digital money transfers to Kenya

Co-operative Bank of Kenya has partnered with UK's digital money transfer company WorldRemit to enable digital money transfers to over 6 million...

IFC Partners with Twiga to Boost Food Safety in Kenya

IFC, a member of the World Bank Group has partnered with Twiga Foods, a Kenyan-based technology food distribution platform, to boost the...

Adyen partners Africa’s Cellulant to bring M-PESA to Netflix, eBay, Airbnb, Facebook etc

Global payments firm Adyen has partnered with pan-African payments firm Cellulant to offer its global merchants access to key local payment...

WorldRemit raises $175m in Series D round to enter the mobile payments space

 WorldRemit has raised $175 million in a Series D funding round led by returning investors, TCV, Accel and Leapfrog Investments to enter into...

Getting started in the business world

For those thinking of starting their own business or entering the business profession, the first steps are often the hardest. This is...

Glovo signs up popular Simbisa brands as it pushes its Kenyan expansion

Glovo has signed up Simbisa Brand's Pizza Inn, Chicken Inn, Creamy Inn and Galitos in Kenya. Priscilla Muhiu,...

Huawei to bolster its own OS after Google’s Android suspends future access

Huawei is set to bolster its own OS, after Google suspended future business with it in a move to comply with the...

Equity Bank disbursed 93% of its loans through mobile phones

After two years of depressed growth in traditional banking business, Equity Group has bounced back to organic growth registering a year on...

Cortex Ventures to Invest in Africa’s Early Stage Artificial Intelligence Startups

Cortex Group, an SA-based Artificial Intelligence (AI) focused company behind Cortex Logic, an AI solutions firm has launched Cortex Ventures to serve as...

Zipline is raising $120M to enter the unicorn club-reports

Drone-delivery startup Zipline is said to be seeking to raise up to $120 million in Series D funding according to reports.

Binance hacked, hackers steal 7000 BTC worth $40.7 million

Binance, a cryptocurrency platform was hacked late yesterday in a major security breach that that saw the firm lose $40.7m in BTC...

Daystar Power to raise EUR 500,000 via Trine for captive power installations in Togo...

Daystar Power, a West African solar energy company has raised EUR 500,000 round of debt investments via crowdfunding from Trine a Swedish...

MYDAWA Secures $3M Funding to fuel expansion

Kenya’s leading e-healthcare platform MYDAWA, has accepted a $3,000,000 investment from Africa HealthCare Master Fund. The funds will go into accelerating a...

Mobisol files for bankruptcy, won’t shut down just yet

Mobisol GmbH, a solar systems firm for households and micro-enterprises in Africa has filed for preliminary insolvency proceedings under self-administration in the...

Safaricom to double 4G sites as net profit grows 14.7% to KES 63.4 billion

Accelerated rollout to see the company cover all major towns in the country and 80% of the population with high-speed connectivity

Kenya Launches New Mobile Numbering Prefixes with M2M capabilities

On Tuesday, the Communications Authority of Kenya released a new mobile numbering prefix 01xxx in addition to the currently existing 07xxx.

Telkom upgrades network in more towns

Upgrade is part of Telkom’s KSh1 Billion network expansion and optimisation plan Telkom is upgrading its network’s capacity in...

Former Vodafone Global Enterprise Country Head East Africa Joins Internet Solutions Kenya

Integrated ICT Services Provider, Internet Solutions (IS) has hired former Vodafone Global Enterprise, Country Head East AfricaSylvester Mboya to spearhead its commercial...

Equity and Safaricom end rivalry to start building fintech platforms together

The partnership will see both organizations work towards creating more opportunities to empower Kenyans using a mix of technology and financial solutions.

Safaricom Customers set to enjoy double talk-time for three months

All Safaricom Customers to Enjoy Customized Tunukiwa Double Airtime Offers Safaricom customers are set to enjoy double talk-time to...

Logistics startup Sendy appoints Ex-DHL Exec as its Commercial Director to bring in more...

Kenyan logistics platform Sendy has appointed Mr. Victor Mwangi as the Commercial Director to head its commercial activities in Africa as it...

Samsung Galaxy Fold launch postponed after news on screen faults

News around the new Galaxy Fold, Samsung’s one-of-a-kind, futuristic phone got most of us gadget freaks excited.

Huawei shipped 59m smartphones & Signed up 40 global carriers for 5G in Q1

Huawei's 2019 Q1 generated CNY179.7 billion in revenue, an increase of 39% year-on-year with an 8% net profit margin as it continues...

KCB to Acquire National Bank of Kenya

The KCB Group PLC has made an offer to acquire 100% of the ordinary shares of National Bank of Kenya Limited (NBK). Both KCB...

Telkom Kenya Hires Safaricom’s Operations Chief to Drive its Mobile Division

Telkom Kenya has appointed Mr. Steve Okeyo as the new Managing Director for its Mobile Division. Mr. Okeyo is the former Director...