Safaricom (NSE: SCOM), NCBA (NSE:NCBA) and KCB Bank Kenya (NSE:KCB) have today announced a restructuring of the popular Fuliza overdraft…
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BankingBusinessDigitalGovernmentMobileTelcos
President William Ruto hails Safaricom’s move to reduce Fuliza interest charges to 50 per cent
Kenya’s President Dr. William Ruto has hailed Safaricom’s move to reduce Fuliza interest charges to 50 per cent Safaricom, NCBA Bank and Kenya…
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BankingBusinessFundingStartupsVenture Capital
Knife Capital secures USD50 million for expansion of African innovation-driven companies
Standard Bank and the SA SME Fund have joined other credible investors in backing venture capital firm Knife Capital’s new…
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BankingBusiness
Equity Group Bags Top Position as Best Bank in SME Financing Award
by Val Lukhanyuby Val LukhanyuEquity Bank Kenya has today been recognized by the Kenya Bankers Association (KBA) at the 2021 SFI Catalyst Awards for…
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Samsung Electronics Co., Ltd has announced its new environmental strategy, a comprehensive effort to join global efforts to tackle climate change. It…
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BusinessTech
Corner Shops reap big against Big Box stores in emerging markets in 2022- Report
by Val Lukhanyuby Val LukhanyuGlobal fintech investor Flourish Ventures has released a new research report showing that corner shops are doing better than predicted…
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Showmax is the best place in Africa to stream international series, according to the Primetime Emmy Awards. Content on Showmax…
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BusinessEntertainment
MultiChoice Investment in African Talent helping to grow vibrant economic hubs across the continent
An ongoing long-term investment by MultiChoice in developing talent for the content, production and entertainment industry is having an impact across…
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BusinessTechnology
Samsung Electronics unveils Galaxy Watch5 and Galaxy Watch5 Pro in the Kenyan market
Samsung Electronics has unveiled the Galaxy Watch5 and Galaxy Watch5 Pro in the Kenyan market. The smart-watches are designed to shape…
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BankingBusinessFintechStartups
ProvidusBank partners with Mastercard, Interswitch and Thales to launch contactless Tap-to-Pay transactions in Nigeria
Nigeria’s ProvidusBank has partnered with Mastercard, Interswitch and Thales Group to launch a new Tap-to-Pay service aimed at reducing dependency on cash transactions, stimulate innovation and drive…
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BankingBusiness
Ecobank Group’s Payment Service RapidCollect Enables Businesses to Collect Payments Across Africa with Only One Account
Group, Ecobank Group, has simplified collections across Africa through RapidCollect ,a platform that enables Ecobank’s business customers to receive payments from…
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KCB Bank Kenya and IFC have signed a partnership that aims to boost the growth of climate finance in Kenya…
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BusinessRide HailingStartups
Uber launches a suite of new product and safety features across Sub-Saharan Africa
Uber has announced the launch of multiple new products and features which are going live this month in South Africa, Ghana, Kenya,…
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Uber has today announced new products, updates, and features focused on travel, safety and delivery in Kenya. The company has…
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Trademark East Africa (TMEA) has appointed David Beer as the new CEO effective 1st September 2022. He succeeds Frank Matseart,…
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NCBA Group has announced plans to invest $16.6 million in its Tanzanian subsidiary this year, a move that will see the…
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Vodacom Financial Services has launched VodaLend Cash Advance, a product that gives customers quick and secure access to money when…
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CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has partnered with ETAP, an InsurTech company that creates solutions and incentives…
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BusinessEnergy
Toshiba and KenGen conclude MOU on operation and maintenance of geothermal power plants
by Val Lukhanyuby Val LukhanyuKenya Electricity Generating Company PLC (KenGen) and Toshiba Energy Systems & Solutions Corporation have concluded a memorandum of understanding (MOU).…
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Netflix, has announced the extension of its Netflix Creative Equity Scholarship Fund (CESF) to film and television students in the West…
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BusinessStartups
Ecobank’s Ellevate Leadership Training Programme records graduation of 35 women entrepreneurs
A first cohort of 35 women entrepreneurs from 9 African countries successfully completed the Ecobank Ellevate Leadership Training Programme. This…
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BankingBusiness
Equity Group records 36% growth in the first half of 2022
by Val Lukhanyuby Val LukhanyuEquity Group has today released its 2022 half-year results that continue to reflect a sustained digital transformation with 99 per…
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Uber has appointed Kagiso Khaole as the new General Manager for Uber in Sub Saharan Africa (SSA), taking over Frans…
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Business
Liquid Intelligent Technologies Completes Acquisition of Israeli-based technology company Telrad
Liquid Intelligent Technologies, Africa’s technology infrastructure and services provider , a business of Cassava Technologies has announced the finalisation of its…
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BusinessEntertainment
National Geographic Africa announces Team Sayari as the title of its anticipated kids Programme
Following field production commencing earlier this year, as well as the announcement of the local hosts, The Walt Disney Company Africa,…
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BusinessStartups
South Africa’s AI startup DataProphet closes $10m to accelerate and expand into new markets
DataProphet , a global AI-as-a-Service (AIaaS) for manufacturing innovator, has announced the completion of its US$ 10 million Series A funding…
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BusinessWomen
Visa announces grant to help African women fund managers grow their businesses
by Val Lukhanyuby Val LukhanyuVisa has today announced a grant towards the African Women Impact Fund (AWIF), a collaboration between Standard Bank and the…
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BankingBusiness
PWC and KBA partner to release the 2021 Kenya Banking sector Total Tax Contribution
by Val Lukhanyuby Val LukhanyuPwC Kenya in partnership with the Kenya Bankers Association (“KBA”) has today released the 2021 Total Tax Contribution (“TTC”) study…
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Jumia Food, an online food ordering site has launched Jumia Food Mart for consumers to enjoy a record 20-minute…
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BankingBusiness
KCB Group Plc to Acquire 85% of DRC-Based Lender Trust Merchant Bank
by Val Lukhanyuby Val LukhanyuKCB Group Plc has entered into a definitive agreement with shareholders of (Trust Merchant Bank)TMB to acquire a majority stake…