Business
Samsung and Xiaomi surge in European smartphone market in Q2-report
Samsung rocketed to over a 40% market share in Europe in Q2, its highest for five years, as it shipped...
Cannabis firm Bangi, Inc. banking on M-PESA to woo Kenyan investors
BANGI, Inc. a US-based firm that acquires and leases specialized real estate assets in the cannabis, hemp and CBD industries...
NOTS Solar to Invest $70M in PayGo Solar Home Systems Manufacturing in Rwanda
NOTS Solar Lamps, an Amsterdam-based impact enterprise has signed a deal with the Government of Rwanda to accelerate the provision...
Nigeria’s fintech firm Innovate 1 Pay launches in UAE to serve the expanding market segment
Nigeria's payment gateway Innovate 1 Pay has opened its Dubai office to serve the growing customer base to the region....
Founders Factory & FMCG giant Reckitt Benckiser to invest in global startups in the homecare & hygiene industry
RB and Founders Factory have launched Founders Factory Hygiene and Home, a JV to back global startups in the homecare...
AfriLabs partners African Union to train 1m African entrepreneurs by 2021
AfriLabs, a pan-African network of 158 technology and innovation centers in 45 African countries has partnered with the African Union...
Vivendi Group to invest $40 million in an E-gaming lab & film recording studio in Rwanda
Vivendi Group, a subsidiary of French Bolloré Holdings is set to invest $40 million in Rwanda, after a partnership with...
IBM,Cisco, Nokia & Vodafone Launch a Blockchain-Based Supplier Management Platform
IBM and Chainyard have launched Trust Your Supplier (TYS), a new blockchain supplier management platform built on the IBM Blockchain Platform and hosted...
JUMO appoints new Africa CEO to support its expansion into new markets
JUMO, a fintech platform helping firms to offer savings, lending and insurance products to entrepreneurs in emerging markets, has appointed...
AIIM raises $320m to invest in power, transport & energy ventures in Africa
African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity fund manager, has raised $320 million from investors from Africa, Europe...
Finserve Africa’s Jack Ngare appointed MD for Microsoft’s Africa Development Centre
Jack Ngare, MD Finserve Africa, an independent commercial fintech arm of Equity Bank Group, has been appointed MD Microsoft's Africa...
Equity Bank Appoints New MD to Replace Polycarp Igathe
Equity Bank Kenya, a subsidiary of Equity Group Holdings Plc has appointed its long serving Director, Gerald Warui as its...
Econet’s Kwese TV calls it a day
Zimbabwe’s Econet Media has shut down Kwese TV, its pay-television unit competing Multichoice’s DStv, due to "prevailing conditions in Zimbabwe and...
Jumia partners Vivo Energy to Use Shell Petrol Stations as Pick up & Delivery Points in Africa
Public-listed African online retailer Jumia has partnered with Vivo Energy, which runs over 2100 Shell and Engen-branded fuel stations in...
Airtel-Telkom Merger will leave over 500 people jobless
The planned merger between Airtel and Telkom Kenya is taking shape with Telkom announcing a plan to send home most...
BRCK partners SWVL to reach more users with its Moja Free WiFi
If you asked me is passengers on SWVL needed free Wi-Fi, my answer would be a big no because most...
Pezesha, Innova among 3 fintech startups admitted to Kenya’s Regulatory Sandbox
Pezesha Africa, a micro-lending marketplace and Innova Limited, a cloud-based analytics platform for investors, have been admitted into the Capital...
Solarise Africa announces second closing of its Series A round of funding
Solarise Africa, a Nairobi-based pan-African clean energy firm has held the second closing of its Series A round of funding...
Vivo launches its Y series smartphones in Kenya, Nigeria, Egypt & Morocco
Vivo, a smartphone maker and sister company to OPPO, has launched its Y series smartphones in UAE and Morocco, Nigeria, Kenya, Egypt, Saudi Arabia and Bahrain...
Huawei saw a 23.2% increase in revenues despite US trade dispute
Huawei recorded $58.34 billion in revenue for the first half of 2019, a 23.2% increase over the same period last...
Econet’s Cassava Fintech launches Sasai, a WeChat Pay clone for Africa
Econet's Cassava Fintech International (CFI), a fintech arm of Econet's Cassava Group which offers international remittance services to all African...
Struggling video streaming service iflix calls it a day in the Middle East
Netflix competitor iflix is calling it a day in the Middle East just days after the firm raised $50 million...
Kenya’s Heritage Insurance launches an app-based telematics motor insurance solution
Heritage Insurance Keny recently launched a telematics motor insurance solution dubbed “Auto Correct”, to bring driving data and analytics to...
We restructured as a non-profit & never operated in Mauritius- Ubongo Kids
Tanzania's Ubongo Kids never operated in Mauritius and never repatriated any money to the tax haven, despite reports by ICJ...
India’s PayMate raises $25 million from Visa, Recruit to accelerate expansion within India and into Africa
India's PayMate, a B2B payments in India has raised $25 million in a new series D round of growth capital...
Nigeria’s Venture Garden, Kenya’s Umati Capital & Tanzania’s Ubongo Kids avoiding tax in Africa-Mauritius Leaks
There is an update to this story here. Reiterating the fact that Ubongo Kids never operated in Mauritius. xxx Nigeria's...
Singapore’s CredoLab to Launch in Sub-Saharan Africa to bolster financial inclusion
CredoLab, which develops bank-grade digital scorecards based on mobile device data is launching in Ghana, Nigeria and Kenya to help...
African Development Bank launches a digital platform to connect investors to deals in Africa
The African Development Bank has unveiled a new digital platform for the African Investment Forum connecting investors to investment opportunities...
African Development Bank Group approves $8 million to Credit Bank for SMEs
The Board of Directors of the African Development Bank Group has approved a $8 million-targeted financing to Kenya’s Credit Bank...
Sub-Saharan Africa’s Mobile Economy Stood at More Than $150 Billion in 2018-GSMA
Sub-Saharan Africa will remain the world’s fastest-growing mobile region over the coming years as millions of young African consumers become...