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…
For the past four years, Peter Kimpel has been Chief Financial Officer of Rocket Internet SE, an Internet company he helped list in 2014 as well as helping subsidiaries such as Delivery Hero, HelloFresh and Home 24 to go public. Now he…
The Anti-Counterfeit Agency (ACA) has received $1,500,000 from the UK Department for International Development (DFID) channeled through TradeMark East Africa (TMEA) to digitize its operations and services. TMEA will also will provide technical and project financing support to the agency with the aim to…
To anyone who lives and works in today’s rapidly-digitising world, it won’t come as much of a surprise that research has shown a strong link between a population’s increased access to internet connectivity and a boost in national economic development. According…
South Africa’s Pam Golding Property group has acquired the online, digital estate agency Eazi.com as the firm moves to reach both new and older buyers offline and online respectively and to keep a close watch on global real estate industry trends. Eazi.com is…
Kenya’s top online store Jumia is adding Haier’s half-priced MOOKA TVs’ to its portfolio, a move that’s expected to see more households in Kenya own TVs and access top educational and inspirational content. According to Jumia, “Mooka TV is an exclusive customized TV…
Sub-Saharan Africa has in recent times been experiencing rapid economic growth rates, characterized by significant government reforms and a rapidly expanding middle class. Africa’s banking sector had remained largely static before the advent of mobile money innovation. According to Mckinsey and co,…
Visa., the global leader in payments, today announced a strategic partnership with Maxcom Africa PLC – a merchant aggregator also known as Maxmalipo – that will enable more than 30,000 retailers in Tanzania to accept Visa on mobile payments, as well as…
OKash, the microlending app developed by OPay, an affiliated company of the Opera Group, has added facial recognition to its app asking borrowers to add in the details before they can borrow helping users secure their accounts when they lose their devices…
Safaricom Foundation’s Wezesha programme has partnered with Generation Kenya to equip unemployed youth aged 18-35 with the knowledge, skills and tools required to succeed in a job, and positioning them for ongoing personal and professional success. This partnership will support intensive job…
FNB today announced that customers can now make payments through their VISA enabled FNB Banking Cards by simply tapping their compatible Fitbit or Garmin Wearable on any contactless enabled point-of-sale device. Customers with compatible Fitbit and Garmin wearables will now be able to…
Family Bank has revamped its PesaPap mobile app to help its customers borrow, pay bills and transfer money from their accounts to friends and family instantly. Though the app has been said to target non-customers, activating the app needs one to be…
HFC, the banking subsidiary of HF Group has entered Kenya’s digital financial services market with “HF Whizz” , a mobile app targeted at the youthful, digital savvy entrepreneurs in the country as the bank moves to meet the growing needs of the…
Safaricom Friday issued a public caution to its customers to be wary of fraudulent SIM swaps after several customers raised concern with the telco’s commitment to protecting its customer data and money transfer via its mobile money platform M-PESA. The telco announced…
dubizzle, the UAE’s classifieds platform, has announced the appointment of two new senior members of staff to its regional advertising team. Jonathon Padron will join as Head of Ad Operations – AMEA and Chadi Antonios as Head of Sales/Advertising – GCC. Currently…
More than half the population of Sub-Saharan Africa will be subscribed to a mobile service by 2025, according to the latest edition of the GSMA’s Mobile Economy report series, published by the GSMA this week. The new report forecasts that there will be…
Pan-African telecoms group Liquid Telecom has announced that Ahmad Mokhles has been appointed as Group Chief Operating Officer (GCOO), a new position within the group. Effective immediately, Ahmad will help drive operational excellence across the group’s 13 countries of operation, creating value…
Close to US$100m of fundraising has been injected already in 2018 into Africa’s bourgeoning fintech and mobile payments sector, with a significant amount of capital still to be deployed this year, and prospects for the sector looking bullish, according to telecom, media…
EGM Securities, a regulated non-dealing online forex broker, has launched an online forex trading offering in Kenya that enables trading using multiple payment channels including mobile payment channels such as M-Pesa. The platform will provide the market with exposure to global macro opportunities…
Let’s be real, Income tax is scary. Every year, as the financial closing month rolls in, the earning population everywhere gets anxious. People begin to ask and provide all kinds of answers about how to save tax. Refunds, TDS, forms, and…
Kenya’s biggest telco, Safaricom, is in “advanced talks” with the Ethiopian government to introduce its popular M-Pesa mobile money service to the country. The country is a potentially lucrative market with 100 million people. Safaricom’s parent company, Britain-based Vodafone, will license the…
Pesapal has integrated Visa on Mobile (formerly mVisa) as a payment option into its payment processing platform in a move that will see it become available to over 21,000 businesses as a payment method both online as well as on Pesapal Sabi,…
MTN Uganda says no data was accessed or compromised by the intruders after an attack on Monday, 2 July 2018, at around 5pm, where two employees of Huawei Uganda (a contractor of MTN Uganda) were kidnapped from MTN Towers, Hannington Road by…
Azuri Technologies Ltd, a leading commercial provider of pay-as-you-go solar home solutions to off-grid consumers, welcomes Collins Oneko who joins as Operations Director, East Africa. Based in Nairobi, Collins joins the company’s Senior Management Team and will apply his in-depth knowledge of…
MTN Rwanda has opened the mobile-to-mobile remittance service between Rwanda and Tanzania allowing MTN Mobile Money users in Rwanda to send money to Airtel Tanzania subscribers seamlessly and affordably through the MFS Africa Hub. The Hub connects mobile wallet customers across networks…
