Business
TLcom Has Closed a $71M Deal For It’s Sub Saharan Africa Focused Tide Fund
TLcom, the Africa-focused Venture Capital firm has today secured an additional $31M for its TIDE Africa Fund. The deal brings...
Jumia launches its Jumia Advertising Services in a monetization move
Jumia, the NYSE listed e-commerce platform today launched Jumia Advertising Services, its online platform to brands and corporate organizations in...
Grant Brooke, Co-Founder, Twiga Foods steps down from active management
Grant Brooke, Co-Founder, Twiga Foods has stepped down from active management of the firm he co-founded more than five years...
CDC Group to invest £2 billion in African businesses over the next two years
CDC Group, the UK’s publicly owned impact investor, is to commit a further £2bn into African businesses over the next...
Jumia Kenya appoints new CCO to drive commercial success
Jumia Kenya has appointed Kenneth Oyolla as its Chief Commercial Officer (CCO) to drive commercial success as the firm eyes...
European Investment Bank injects $56 million into Bolt
The European Investment Bank (EIB) will give raiding hailing firm Bolt a EUR 50 million venture debt facility to support...
With $20m in the bank, Rensource wants to connect over 1M merchants in Nigeria to power
Rensource, a Nigerian renewable energy company, fresh from a $20m round, wants to connect over 1 million merchants in Nigeria...
Uganda’s Grainpulse raises $11M for a digital platform to link farmers to fertilizer & markets
Grainpulse, a Ugandan supply chain platform for farmers has raised $11m from IFC and the Private Sector Window of the...
Africa is at the forefront of an energy revolution-Simon Bransfield, CEO Azuri Technologies
"Africa is at the forefront of an energy revolution," Azuri Technologies CEO, Simon Bransfield-Garth told TechMoran adding that Africa is...
TravelStart takes over Jumia Travel across Africa as Jumia shuts down in Rwanda
TravelStart, a Cape Town-based online travel agency, is taking over the entire operations of Jumia Travel across Africa as the...
Jumia Kenya is downsizing| Starts banner advertising to bolster revenues
Jumia Kenya is downsizing, just weeks after it announced the closure of its e-tail site in Tanzania and weeks after...
Automation’s transformative power will change banking
The banking industry on a global scale is currently leveraging off the concept of automation to drive growth and cost...
Equity Bank Triple Win at International Banking Awards Due to Innovation
Equity Bank was feted at the Banker's awards held in London winning Bank of the Year- Kenya; Bank of the Year...
Safaricom, MPOST to Turn Phone Numbers into Virtual Post Boxes to Boost eCommerce in Kenya
Safaricom and the Postal Corporation of Kenya with Taz Technologies' MPost, have partnered to roll out digital Post Office Boxes...
Shelf Life, a global pharmaceutical subscription service, launches in Kenya
Shelf Life, a global pharmaceutical inventory management subscription service, has been licensed in Kenya by the Pharmacy and Poisons Board...
Jumia closes shop in Tanzania, after Cameroon, to focus on mature African markets
Jumia, an 'Amazon' for Africa has closed its e-commerce operations in Tanzania, after a similar move in Cameroon, raising questions...
Standard Chartered Bank launches Visa Infinite credit card for high net-worth customers
Standard Chartered Bank (SCB) Kenya has launched a prestigious product offering - the Standard Chartered Visa Infinite credit card. The...
Pinterest shows support for small businesses this holiday season as it launches Pinterest Shop
Pinterest Shop will let buyers shop from small businesses that make and sell unique products. Pinterest has introduced a new...
Uber loses the licence to operate in London a second time due to leaving passengers at risk
Uber has lost its licence to operate in London for the second time in two years as it faces the...
Showmax launches mobile plans with 50% price points in Kenya, Nigeria & SA
Showmax, a Naspers' owned subscription video-on-demand service has launched mobile-only plans targeting users in Kenya, Nigeria and South Africa aimed...
Nigeria’s Interswitch Group confirms Visa deal, becomes real African unicorn
Interswitch Group, a payments firm digitising payments in Nigeria and other countries in Africa, has confirmed the investment deal with...
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...
The Biggest Bookmakers in the World
Who are the biggest sportsbook providers? - This question cannot be answered exactly down to the smallest detail. The key...
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...