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KCB Unveils $2.3 Billion Sustainability Bond Framework to Fund Green, Blue and Social Projects

KCB Bank, Kenya’s biggest bank by assets plans five-year programme to channel capital into renewable energy, climate resilience, affordable housing and businesses

KCB Group plans to establish a Medium-Term Note Programme of up to $2.3 billion over five years as the bank seeks to channel more capital toward environmental and social projects across East Africa.

The programme, equivalent to KSh300 billion, will be issued by KCB Bank Kenya under the group’s newly launched Sustainability Bond Framework, subject to regulatory approvals and market conditions.

Speaking at the launch of the framework at the KCB Leadership Centre in Karen on Wednesday, KCB Group Chief Executive Officer Paul Russo said the initiative is intended to move sustainability beyond corporate commitments and into the allocation of capital.

“Banking is ultimately about enabling progress,” Russo said, adding that KCB’s responsibility increasingly involves determining not only how much capital it mobilizes, but where that capital goes, what it enables and the lasting impact it creates.

The proceeds from the programme will be ring-fenced for eligible Green, Blue and Social projects, with KCB tracking allocations and reporting on the impact achieved.

Under the Green category, the bank will finance projects supporting a low-carbon and climate-resilient economy. These include renewable energy such as solar power, energy-efficient buildings, clean and low-emission transportation, sustainable agriculture, and water and wastewater management.

The Blue component will support projects focused on marine and coastal ecosystems, including initiatives designed to improve the resilience of coastal and freshwater communities.

Social financing will target underserved and vulnerable populations through areas including affordable housing, micro, small and medium-sized enterprises, women and youth-led businesses, employment and livelihood creation.

Russo cited KCB Foundation’s 2Jiajiri programme as an example of how access to capital can generate broader economic benefits, including job creation, enterprise growth and stronger household incomes.

The framework comes as East Africa faces significant financing requirements for infrastructure and economic development while contending with climate change, food insecurity, unemployment, inequality and gaps in access to affordable long-term capital.

Russo said the region has substantial opportunities in infrastructure, agriculture, manufacturing, energy, housing, healthcare, education, technology and trade, but that sustainability must increasingly be embedded in how capital is allocated.

KCB’s sustainability strategy has evolved over nearly two decades.

The bank formally anchored sustainability into its business in 2008 around financial, economic, social and environmental pillars. It published its first Sustainability Report in 2009 and expanded its alignment with the United Nations Sustainable Development Goals from nine goals in 2017 to 14 of the 17 SDGs today.

In 2019, KCB adopted the UNEP Finance Initiative’s Principles for Responsible Banking. In 2020, KCB Bank Kenya became the first bank in Kenya to receive accreditation from the Green Climate Fund, strengthening its ability to mobilize and deploy climate finance.

KCB subsequently committed to achieving net-zero emissions by 2050 through its membership of the Net-Zero Banking Alliance in 2021 and joined the Forward Faster Initiative in 2023.

The sustainability bond framework has also received external validation. Moody’s awarded it a Sustainability Quality Score of 2, rated “Very Good,” according to KCB.

Russo said the framework is built around three principles: capital, purpose and accountability.

The objective, he said, is to mobilize capital at scale, direct it toward projects East Africa needs and demonstrate transparently what that capital achieves.

“The true measure of sustainable finance is not the size of the bond, but the scale of the impact it creates,” Russo said.

For KCB, that impact will ultimately be measured through lives improved, businesses strengthened, ecosystems protected, jobs created and opportunities unlocked.

The launch marks KCB’s latest effort to connect the region’s capital markets with financing for projects aimed at making East Africa greener, more resilient and more inclusive.

Telegram Seeks .gram Domain in Push Beyond Messaging

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Instant messaging platform Telegram could give more than 1 billion users personalized web addresses and AI-generated interactive websites if its application clears ICANN’s approval process

Telegram, the instant messaging platform with more than 1 billion monthly active users, has applied for the .gram top-level domain, potentially giving users a new way to establish their identities on the web.

If the application is approved by the Internet Corporation for Assigned Names and Numbers, or ICANN, Telegram users could eventually obtain second-level domains such as yourname.gram.

The proposal goes beyond domain names. Users would be able to create interactive websites hosted by Telegram with a single prompt, potentially allowing people without technical or web-development skills to launch their own sites by describing what they want.

The move could turn a Telegram username into a broader digital identity, combining messaging, publishing and web presence under one ecosystem.

A creator could use a personalized .gram address for a profile or portfolio, while a business could build a site for its products and services. Telegram would provide the underlying hosting, removing the need for users to separately arrange web hosting.

The plan would extend Telegram’s push beyond messaging. The platform already supports channels, bots, Mini Apps and other tools that allow developers, creators and businesses to build services for its large user base.

A .gram domain would give those users a dedicated web address that could sit outside the Telegram application while remaining connected to its ecosystem.

The timing also coincides with ICANN’s latest expansion of the domain-name system. The organization opened its latest application round for new generic top-level domains in 2026, allowing companies, organizations and other applicants to seek new domain extensions.

An application does not guarantee that .gram will become operational. Telegram would need to clear ICANN’s evaluation and approval process before the domain could be delegated and made available for registrations.

If successful, however, the initiative could give Telegram a new position in the internet infrastructure stack.

Rather than simply helping users communicate, Telegram could give them a domain, host their websites and use AI to build those sites — all from the same platform.

For a company with more than a billion users, turning usernames into web addresses could create a sizeable new layer of the Telegram ecosystem.

Telegram’s next expansion may not be another messaging feature. It could be the web address itself.

NCBA Offers Free PesaLink Transfers Up to KES 1,000

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NCBA Bank has introduced free PesaLink transfers of up to KES 1,000 through its NCBA NOW App, while transactions above that amount will attract a flat KES 20 fee.

The revised pricing replaces multiple transaction bands with a simpler structure designed to make interbank transfers more predictable for customers.

Under the new model, a customer sending KES 1,000 or less pays nothing, while any transfer above KES 1,000 costs KES 20. Transfers between NCBA accounts remain free.

PesaLink enables customers to move money instantly between accounts held at participating banks in Kenya. Through the NCBA NOW App, customers can transfer as much as KES 999,999 in real time.

The pricing change comes as Kenyan banks seek to make digital account-to-account payments more competitive and affordable. Lower charges on small-value transfers could also encourage customers to use bank accounts more frequently for everyday payments, including sending money to family, paying suppliers and settling bills.

“Customers can now transact with greater confidence, knowing exactly what the transfer will cost,” Dennis Njau, Group Director, Retail Banking at NCBA, said.

The new structure gives customers a clear cost advantage on smaller transfers. A KES 500 PesaLink transaction is now free, while a KES 10,000 transfer costs KES 20.

NCBA said the move is part of its broader strategy to improve the affordability, convenience and security of digital banking as more customers shift routine transactions away from traditional banking channels.

The bank expects the simplified pricing to drive greater adoption of PesaLink and digital payments, particularly among customers making frequent low-value interbank transfers.

7 Reasons Interactive Entertainment Feels More Personal Than Ever

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Entertainment has always been a way for people to escape, connect, and experience new stories. However, the way audiences engage with entertainment has changed significantly over the years. Instead of simply watching, listening, or reading, people can now actively participate in experiences that respond to their choices and actions.

Interactive entertainment, including video games, virtual reality, and digital gaming platforms, has thus become increasingly popular because it gives users a stronger sense of involvement. These experiences also allow players to shape their journeys and interactions. As technology continues to evolve, interactive entertainment is becoming more immersive and personalized, making audiences feel more connected to the experiences they enjoy. 

Here are the key factors that make interactive entertainment feel more personal than ever:

1. Players Have More Control Over Their Experiences

One of the biggest reasons interactive entertainment feels more personal is the level of control it gives players. Traditional forms of entertainment usually follow a fixed storyline or structure, where audiences can observe events but cannot influence what happens next. Interactive experiences change this dynamic by allowing users to take an active role.

In many games, players can make decisions that affect the direction of the experience. For instance, role-playing games allow users to choose their characters, develop skills, and influence story outcomes. Interactive storytelling experiences can also offer multiple paths, giving players the freedom to explore different possibilities based on their choices.

Even in digital games like Pinoy slot games and various online casino platforms, interactive features can create a stronger sense of participation. Bonus rounds, special features, and different gameplay mechanics encourage players to engage directly with the experience rather than simply waiting for an outcome.

This sense of control helps create a stronger connection because players feel that their actions contribute to the experience.

2. Experiences Are Tailored to Individual Preferences

Modern interactive entertainment is designed to adapt to different types of players. Instead of offering the same experience to everyone, many platforms now include features that allow users to personalize how they engage with content.

Customization options are a common example. Players can create unique characters with different features or outfits and develop strategies that suit their preferences. Progression systems and reward structures can also encourage users to follow their own paths and set personal goals.

Technology has also improved how platforms understand user behavior. Many entertainment services use data and recommendations to suggest content based on individual interests, helping users discover experiences that better match their preferences.

3. Players Build a Stronger Sense of Achievement

Interactive entertainment creates a deeper feeling of accomplishment because players actively contribute to their progress. Completing a challenge or reaching a new in-game milestone feels more rewarding when it comes from personal effort and decision-making.

Games often use progression systems to encourage continued engagement. Players may improve their skills, unlock new abilities, collect items, or complete objectives over time. These achievements become part of their personal journey within the game.

This sense of progress is different from simply watching a character succeed in a movie or show. In interactive entertainment, players experience the challenges themselves, making their achievements feel more personal and memorable.

4. Real-Time Interaction Creates Stronger Engagement

Another factor that makes interactive entertainment feel more personal is immediate feedback. Games and other interactive experiences respond to player actions in real time, creating a sense of connection between the user and the digital environment.

Visual effects, sound cues, animations, rewards, and changing environments all help reinforce the feeling that the experience is reacting to the player. Each action produces a response, making users feel involved in what is happening.

For example, a player who triggers a special feature in a slot game receives immediate feedback through visuals, sounds, and rewards. This interaction creates a more engaging experience because players feel that their decisions and actions matter.

5. Social Features Make Entertainment More Meaningful

Interactive entertainment is also becoming more personal because it allows people to connect with others. Multiplayer games and online communities transform passive or solo entertainment into shared experiences.

Players can work together toward common goals or compete against one another. These interactions can create friendships and build communities around shared interests. Even when players are engaging from different locations, online connectivity allows them to experience entertainment together. The social aspect adds another layer of meaning, making the experience feel less like an individual activity and more like a shared journey.

6. Technology Creates More Immersive Experiences

Advancements in technology have made interactive entertainment more immersive than ever. Improved graphics and realistic sound design help create experiences that feel more engaging and lifelike.

Virtual reality games, for example, allow players to physically interact with digital environments, making them feel more present within the experience. On the other hand, augmented reality games blend digital elements with the real world, creating new ways for users to interact with entertainment.

7. Players Gain a Sense of Ownership

Personalization and progress give players a stronger sense of ownership because they can shape parts of the experience according to their preferences. Whether they are building a virtual world or developing their own strategies, players create something that reflects their choices and effort.

This personal investment makes the experience feel more meaningful. Two players can enjoy the same game but have different journeys because their achievements and play styles influence how they experience it. Instead of simply consuming content, players feel that they are contributing to the gameplay and making it their own.

Interactive Entertainment Is Becoming More Personal

Interactive entertainment continues to evolve by giving audiences more ways to participate and connect. Through greater control and immersive technology, entertainment is becoming something people actively shape rather than simply consume.

As digital experiences become more advanced, the future of entertainment will likely focus on creating deeper connections between users and the worlds they explore. The most memorable experiences are those that allow people to create their own stories and feel truly involved in the journey.

Absa Bank Kenya PLC Records Kshs. 10.5 Billion Profits After Tax

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Absa Bank Kenya PLC has reported a profit after tax of Kshs. 10.5 billion for the period ended June 30, 2026, achieving a market-leading return on equity of 21.7%.

During the period, customer assets increased by 8% to Kshs. 329.9 billion and customer deposits rose to Kshs. 380.7 billion, reflecting growing customer confidence, expanded financial access, and the provision of tailored banking solutions. Total assets grew to Kshs. 558.1 billion, highlighting the Bank’s robust balance sheet and sustained financial strength.

“While the dynamic operating environment exerted pressure on performance, the Bank recorded strong momentum in the second quarter. This reflects our disciplined execution, continued support for customers through relevant financial and non-financial solutions, and ongoing investment in the long-term resilience and sustainability of the business,” said Absa Bank Kenya PLC Interim Managing Director and CEO, Yusuf Omari.

During the period under review, the Bank recorded total revenue of Kshs. 29.3 billion, supported by a growing balance sheet and disciplined management of cost of funds amid a lower interest rate environment. The bank’s net interest income stood at Kshs. 21.1 billion, while non-interest income totalled Kshs. 8.2 billion for the period. The Bank’s income from subsidiaries increasing by 20% year-on-year.

“Our strategy remains anchored on delivering sustainable, long-term growth while enhancing customer experience across all touchpoints. In line with our purpose of Empowering Africa’s tomorrow, together… one story at a time, we have strengthened our commitment to financial inclusion in the period, providing tailored solutions that support Kenyans in realising their homeownership, vehicle and business asset financing needs, and entrepreneurial aspirations,” said Mr. Omari.

Notably, the Bank launched a developer-led home financing solution featuring a market-leading interest rate of 8.9% per annum and financing of up to 105% for qualifying homebuyers. The Bank also introduced the KES 1 billion Zinduka Graduate Enterprise Programme to support youth entrepreneurship and expand access to affordable, sustainable finance for this important client segment.

In addition, the Bank enhanced its asset financing proposition, committing Kshs. 100 billion over the next three years to support businesses and individuals across key sectors of the economy, including manufacturing, healthcare, education, infrastructure, trade, and logistics. The proposition provides up to 100% financing for targeted assets, enabling customers to accelerate investment, growth, and productivity.

The Board of Directors has approved an interim dividend of Kshs 0.5 per ordinary share.

Stripe Buys OpenRouter for More Than $7 Billion, Betting AI Routing Will Become Critical Infrastructure

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Stripe Inc. has agreed to acquire artificial-intelligence startup OpenRouter for more than $7 billion, according to people familiar with the matter, in a deal that would push the payments company deeper into the infrastructure powering the rapidly expanding AI economy.

The transaction, reported by Bloomberg, comes only months after OpenRouter raised $113 million in a funding round that valued the company at about $1.3 billion. A deal above $7 billion would therefore represent more than a fivefold increase in valuation in less than three months. The final purchase price could still change, according to people familiar with the discussions.

OpenRouter, founded in 2023, operates a routing layer that gives developers a single interface through which they can access hundreds of AI models. Instead of building separate integrations with individual model providers, customers can use OpenRouter to select models according to factors including cost, performance and availability. The company says it has about 8 million users and access to more than 400 models.

The acquisition highlights a shift in the AI industry away from simply building increasingly powerful models toward controlling the infrastructure through which those models are consumed.

For Stripe, that distinction is important.

The company built its business by sitting between merchants and financial institutions, simplifying the complexity of payments, billing and financial transactions. OpenRouter occupies a potentially similar position in AI: it sits between developers and model providers, abstracting away the complexity of choosing, accessing and switching between competing systems.

That could give Stripe a new role in an AI economy where software increasingly makes decisions about which models to use and how much to spend.

OpenRouter’s infrastructure can route workloads between models rather than locking customers into a single provider. That becomes increasingly valuable as companies use multiple models for different tasks and seek to control inference costs, latency and reliability.

The economics are becoming significant. AI applications pay for model usage based largely on tokens and other consumption metrics, making the cost of inference a variable operating expense. As companies deploy AI agents and integrate models into production software, managing those costs becomes closer to managing cloud infrastructure than buying conventional software.

Stripe already operates across payments, billing and financial infrastructure for software companies. Adding an AI routing layer could allow the company to connect technical decisions about model consumption with the commercial systems used to measure and bill for that consumption.

OpenRouter’s latest funding round was announced in May, when investors including Sequoia Capital, Andreessen Horowitz, Menlo Ventures and CapitalG backed the company at a reported $1.3 billion valuation. (Dataconomy)

The startup’s chief executive, Alex Atallah, had previously described OpenRouter as a kind of Stripe for AI, reflecting its ambition to become a neutral access layer across competing model providers. Now the original Stripe is poised to own that infrastructure itself. (Dataconomy)

The deal also reflects Stripe’s broader expansion beyond its traditional image as a payments processor. The company has increasingly built tools around billing, financial services and software infrastructure, putting it in competition for parts of the technology stack that sit between businesses and their customers.

For OpenRouter, the acquisition offers an exit at a valuation that would have appeared difficult to justify only months ago. Its rapid repricing illustrates how quickly investors are assigning value to infrastructure companies that can capture spending across the AI ecosystem rather than betting on a single model provider.

The strategic question for Stripe is whether model routing can become as important to AI as payment processing became to internet commerce.

If AI applications increasingly operate across multiple models, route workloads dynamically and make decisions based on price and performance, the company controlling that routing layer could gain visibility into a growing stream of AI consumption.

That would turn OpenRouter from an AI developer tool into something potentially more consequential: infrastructure sitting at the intersection of models, usage, billing and money.

And for Stripe, that may be the real value of a deal costing more than $7 billion.

Terra Industries Raises $18 Million to Close $52 Million Seed Round, to Open London Office

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Terra Industries, a Nigerian defense-tech startup has raised an additional $18 million, bringing its seed financing to $52 million, in a move that will see it open a London office and scale Ghana factory toward 50,000 systems a year.

The latest funding includes existing investors 8VC, Silent Ventures, Nova Global, Belief Capital and SV Angel, alongside new investor Norleo Space Investments and angel investor Grant Gordon.

Founded in 2024 by Nathan Nwachuku and Maxwell Maduka, Terra develops autonomous security systems for governments and operators of critical infrastructure, spanning aerial, ground and maritime environments.

The company plans to use the new capital to open its first international office in London, increase manufacturing capacity, accelerate deployments across the Global South and expand its engineering, operations and business-development teams.

Terra has not disclosed a valuation for the latest financing. Earlier this year, the company said its valuation had reached the nine-figure range following a $22 million extension led by Lux Capital.

Ghana Factory Targets 50,000 Systems

A major part of Terra’s expansion is its manufacturing operation in Ghana.

The company’s Pax-2 facility, a 34,000-square-foot factory, is expected to open in the fourth quarter of 2026. Terra says the facility will eventually produce up to 50,000 aerial systems annually by 2028, making it the largest drone manufacturing facility on the continent by planned capacity.

Pax-2 will complement Terra’s 15,000-square-foot Pax-1 facility in Abuja, Nigeria, giving the company a manufacturing footprint spanning two African markets.

The strategy is unusual for a young African technology company: Terra intends to keep its manufacturing base in Africa while establishing commercial and strategic operations in major international defense and technology centers.

The London office is intended to give Terra access to global defense and infrastructure institutions, as well as AI and operations talent. The company is also targeting expansion into the Gulf, South America and South Asia.

Building an African Defense Prime

Terra is positioning itself as more than a drone manufacturer. Its portfolio includes long- and mid-range autonomous drones, interceptor drones, AI-enabled sentry towers and unmanned ground vehicles, connected through ArtemisOS, its proprietary software platform.

The system is designed to combine real-time threat detection, autonomous mission planning and coordinated responses across large and difficult environments.

Terra says its technology is already being used to protect power plants, mines and other critical infrastructure assets valued at about $11 billion across several African countries.

The company is targeting sectors including energy, mining, urban infrastructure, maritime assets, border security and counterterrorism.

From Imported Systems to Local Manufacturing

Terra’s expansion comes as African governments and infrastructure operators confront growing threats from terrorism, organized crime, illegal mining and attacks on critical infrastructure.

The company argues that many existing security systems are imported and were designed for operating environments different from those found across Africa and other emerging markets. The resulting dependence can create higher maintenance costs, supply-chain vulnerabilities and concerns over control of software and data.

“Critical infrastructure across the Global South is best protected by systems designed for these environments and built in the regions they protect,” Nwachuku said. “This funding lets us scale that work and deepen our manufacturing base.”

The company’s approach is therefore built around autonomy, local manufacturing and data sovereignty, with the aim of giving governments and infrastructure operators greater control over how critical assets are monitored and protected.

Terra’s rapid fundraising also reflects the growing investor appetite for defense technology beyond the traditional US and European markets. The company raised $11.8 million in its initial seed round before adding $22 million in February, taking the round to $34 million. The latest $18 million brings the total to $52 million.

With the Ghana factory, London expansion and plans for additional markets, Terra is now moving from an African defense startup toward a broader ambition: building a vertically integrated defense technology company serving the Global South.

Airtel Africa Launches Starlink Mobile in DRC in First Commercial Deployment

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Airtel Africa Plc has commercially launched Starlink’s satellite-to-mobile service in the Democratic Republic of Congo, becoming the first telecommunications operator in Africa to deploy the technology commercially as the continent’s carriers look to extend coverage beyond conventional mobile networks.

The service, launched Friday in Kinshasa, allows Airtel customers with compatible smartphones to connect to Starlink satellites in areas without terrestrial mobile coverage, provided they have a clear view of the sky.

Starlink, operated by Elon Musk’s SpaceX, has about 650 satellites launched for its direct-to-device constellation, according to Airtel. The service initially supports light-data applications, including WhatsApp messaging and SMS, without requiring customers to purchase a satellite terminal or other specialized equipment.

The DRC is the first of Airtel Africa’s markets to move the service from testing into commercial deployment. Airtel and Starlink announced their partnership in December 2025, while data and messaging services were tested in Kenya in March.

The launch gives Airtel another tool to address connectivity challenges in the DRC, one of Africa’s largest countries by land area, where vast distances and difficult terrain make traditional network expansion costly.

“Airtel’s terrestrial network with Starlink’s satellite technology” will extend connectivity beyond conventional infrastructure, Airtel Africa Chief Executive Officer Sunil Taldar said in a statement.

Customers using the service currently need a compatible LTE Android smartphone and an active Airtel DRC data bundle, or data roaming enabled. Apple devices are expected to be supported in the future.

Airtel is offering eligible customers a 30-day free trial through its MyAirtel application. After the introductory period, access will be provided through eligible Airtel data bundles.

The service could be particularly relevant to mining companies, transport operators, humanitarian organizations, health workers and agricultural communities operating in remote areas. It may also provide an alternative communications channel during natural disasters or temporary outages of terrestrial networks.

The commercial rollout in the DRC marks an early test of whether satellite-to-mobile technology can complement Africa’s existing mobile infrastructure at scale. Airtel said expansion into additional markets will depend on country-specific regulatory approvals.

Starlink’s direct-to-device strategy represents a shift from satellite internet services that traditionally required dedicated dishes or terminals. By connecting satellites directly with ordinary mobile phones, operators can potentially reach customers in areas where building conventional cell towers is uneconomical.

Airtel Africa said the companies are continuing to develop the service, with additional capabilities expected as the technology matures and regulatory approvals are secured.

For Airtel, the DRC launch also provides an early commercial foothold in a technology that could reshape how mobile operators approach Africa’s remaining connectivity gaps.

How to Make Smarter Business Decisions in Your First Year As a Founder

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Your first year as a founder will test every assumption you had about running a business. You’ll make dozens of decisions a week, some small, some that could sink the company if you get them wrong. The good news is that smart decision-making isn’t some innate talent reserved for a lucky few. It’s a skill you build, usually through trial and error, and often the hard way.

Here’s how to get better at it, faster, without burning yourself out in the process.

Slow Down Before You Speed Up

It sounds counterintuitive when everyone’s telling you to move fast, but the founders who make the worst calls are often the ones who never paused to ask a basic question: what problem am I actually solving here? Before jumping to a solution, spend a few extra minutes defining what success looks like. It doesn’t need to be a formal process. Even scribbling three bullet points on a notepad can stop you from chasing the wrong fix.

Talk to People Who’ve Actually Done It

Books and podcasts are fine, but nothing replaces sitting down with someone who has lived through the exact situation you’re facing. This is where real world experience becomes invaluable, and it’s a theme that keeps coming up when successful founders talk about what actually shaped their judgment. One piece worth reading is the above link on why time spent in government can teach tech founders lessons an MBA never will, because it shows how unrelated backgrounds often produce the sharpest instincts for navigating uncertainty and bureaucracy. Seek out mentors, advisors, or even former competitors who’ll give you an honest take rather than just cheering you on.

Get Comfortable with Incomplete Information

You will rarely have all the data you want when a decision needs to be made. Waiting for certainty is often just procrastination wearing a business suit. Instead, set yourself a rule: gather the most important 70 percent of the information, then decide. You can always adjust course later, and in most cases, adjusting is cheaper than the time you’d lose waiting around.

Separate the Reversible from the Irreversible

Not every decision carries the same weight, so stop treating them like they do. Hiring your first employee, signing a long lease, or taking on investors are the kind of choices that are hard to undo, so they deserve careful thought. Choosing a project management tool or a font for your website? Just pick one and move on. Founders who waste energy agonizing over low-stakes choices often have nothing left for the ones that matter.

Build a Small Circle of Honest Feedback

It’s easy to surround yourself with people who tell you what you want to hear, especially when you’re desperate for validation in those early months. Resist that pull. Find two or three people, whether that’s a co-founder, a friend in the industry, or a mentor, who will tell you when your idea has a hole in it. This kind of feedback loop will save you from expensive mistakes far more often than any spreadsheet will.

Review Your Decisions, Not Just Your Results

At the end of each month, look back at the calls you made. Which ones worked out, and why? Which ones didn’t, and was that down to bad luck or bad judgment? This habit trains your instincts over time so that decision-making stops feeling like guesswork and starts feeling like pattern recognition.

Your first year won’t be about getting everything right. It’ll be about learning to make decisions quickly enough to keep moving, while staying honest enough with yourself to correct course when needed.  

HONOR Launches its Gimbal AI Robot Phone

HONOR has launched its HONOR Robot Phone with a fully motorized 3-axis mechanical gimbal with professional cinema workflows.

The HONOR Robot Phone integrates an ultra-compact 4-DoF mechanical system featuring the HONOR Titanium Agile Gimbal.

HONOR Launches Revolutionary Robot Phone, Ushering a New Era of Cinematic Mobile Filmmaking and Embodied AI

Compared with mainstream gimbals, HONOR has reduced the overall system size by 65% while increasing structural strength by 200% to enable fast, precise movement and stable positioning within a pocketable flagship design.

The rear camera setup has a Dual 200MP Camera system, featuring a 200MP Agile Gimbal Main Camera with a 1/1.28-inch sensor and f/1.6 aperture, paired with a 200MP Periscope Telephoto Camera with a 1/1.4-inch sensor and 2.7x optical zoom. The 200MP Agile Gimbal Main Camera supports 10-bit ARRI LogC3 recording in ARRI CINEMA mode, while a 50MP Ultra-Wide Camera with a 122° field of view completes the versatile imaging system.

The video pipeline performs noise reduction earlier in the RAW domain, processes data in 14-bit 4:4:4, and outputs 10-bit LogC3 and 4:2:2 video, preserving more usable image information for post-production. ARRI Looks can also be previewed in real time, helping creators achieve a controlled cinematic look more easily.

For creators, ARRI LogC3 preserves more highlight and shadow information for post-production, while ARRI Wide Gamut 3 provides a broader color space and ARRI Looks offer controlled cinematic color styles. Footage can also be taken into professional editing tools such as DaVinci Resolve, where creators can directly apply ARRI LUTs as part of a complete mobile capture-to-post-production workflow.

Looking ahead, technologies developed through HONOR’s Cinematic Imaging Partnership with ARRI will continue to evolve and will be further showcased in the upcoming HONOR Magic9 Series.

The Robot Phone introduces AI-powered, robot-grade motion control that transforms the device into an autonomous personal camera crew. The camera arm supports a range of cinematic movement modes, including Tilt Lock, First Person View (FPV), FPV Vertical and AI SpinShot, helping creators capture smoother and more dynamic footage with greater ease.

Running on MagicOS, the HONOR Robot Phone introduces YOYO Robot Mode, combining multimodal perception, contextual understanding, gesture recognition and physical movement. AI Subject Tracking and voice source localization allow the camera to automatically pan and tilt, keeping users in frame while recording a vlog, live-streaming or moving during a video call. Hands-free gesture controls also allow users to deploy the camera arm and capture shots without touching the device.

Powered by the Snapdragon® 8 Elite Gen 5 Mobile Platform, the Robot Phone delivers flagship performance for AI processing, imaging and multitasking. Meanwhile, the 7,060mAh Next Gen HONOR Silicon-carbon Battery supports all-day endurance, together with 120W Wired and 50W Wireless HONOR SuperCharge.

The HONOR Robot Phone features an Android-first integrated metal unibody with a smooth R3 curved-edge transition. It features a stunning 6.31-inch LTPO OLED HONOR AI Eye Comfort Display protected by the HONOR NanoCrystal Shield. The screen supports adaptive 1–120Hz refresh rates.

First showcased at Mobile World Congress (MWC) 2026 in March to critical acclaim, the device is now beginning its commercial rollout and will be available in in two configurations: 12GB+512GB and 16GB+1TB, priced at RMB 9,999 and RMB 12,999 respectively. Pre-orders will begin in China at 8:30 PM on August 12, with official sales starting at 10:08 AM on August 18.

GSMA Launches Recycling Services to Help Reduce E-Waste

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GSMA Industry Services GSMA’s business arm, has launched its new Circularity Services offering, designed to help mobile operators and ecosystem partners extend the life of devices, reduce e-waste, and unlock greater value from existing assets. 

The services have been launched in partnership with two commercial partners: Closing the Loop,  a recycling firm and and RGX, an online marketplace for enterprise asset disposition. 

According to Sianne Ryder, Chief Executive Officer, Events and Industry Services, GSMA, “The launch of Circularity Services, together with partners Closing the Loop and RGX, marks an important step in helping operators take practical action on circularity. By bringing together solutions that support both responsible recycling and asset recovery, we are making it easier for organisations to reduce waste while unlocking greater value from existing assets. 

GSMA adds that through these partnerships, operators can access proven services that help accelerate their circularity ambitions and respond to growing demand for more sustainable approaches to device lifecycle management. The opportunity is a win-win: circular approaches are both more sustainable and deliver meaningful operational and commercial benefits for the industry.” 

As the mobile industry continues to grow, operators are increasingly looking for practical ways to both meet sustainability commitments and enhance commercial performance. GSMA Circularity Services has been developed to address these challenges by providing access to trusted partners and proven solutions that support the recovery, reuse, refurbishment and responsible recycling of ICT assets – helping organisations deliver on customer needs, reduce costs and generate value from equipment that might otherwise sit idle. 

The ‘One for One’ service provides a practical and measurable way for organisations to incorporate circularity into their device propositions. Vodafone, Samsung and T-Mobile have successfully used the customer-centric program for devices sold in Europe, while Google is a global user. 

One for One leads to electronic waste reduction around the world and has created positive impact in countries where formal waste collection and recycling infrastructure is often limited. Closing the Loop is an award-winning social enterprise, supported by UNIDO, UNEP and GIZ.   

RGX on the other hand helps organisations manage enterprise asset disposition and e-waste more efficiently through a trusted, transparent marketplace. By working together, we can help operators recover value from redundant equipment, support responsible recycling practices and help operators turn circularity ambitions into action.

Addressing another aspect of the circularity challenge, RGX provides a neutral, online marketplace for e-waste management and enterprise asset disposition that connects organisations with service providers through a single automated platform. The service is designed to help businesses optimize returns from redundant devices and equipment through competitive bidding and effective resource management, while ensuring responsible disposal practices. Initially available in the United States, the offering is expected to expand internationally over time. 

Konza, AWS Explore Local Cloud Outpost and Startup Center in Kenya

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Konza Technopolis is exploring a partnership with Amazon Web Services to establish cloud infrastructure and a Startup and Technical Centre of Excellence in Kenya, as the government-backed technology hub seeks to deepen the country’s cloud and artificial intelligence capabilities.

Konza Technopolis Development Authority Chief Executive Officer John Paul Okwiri recently hosted an AWS delegation led by Robin Njiru, the company’s Regional Lead for Public Sector, for talks on the proposed collaboration.

The partnership could include the establishment of an AWS Outpost at Konza, allowing organizations to run AWS services closer to where their data and applications are hosted while maintaining connectivity to the wider AWS cloud.

“The proposed partnership will focus on strengthening Kenya’s cloud, innovation and technology ecosystem,” Konza said in a statement.

The AWS Outpost could help public-sector institutions and businesses address data-residency and low-latency requirements while adopting hybrid-cloud infrastructure.

The collaboration also proposes a Startup and Technical Centre of Excellence at Konza, which would provide training and technical support in cloud computing, data management, machine learning and artificial intelligence.

“Through training and certification programmes, the partnership will build technical capacity in cloud technologies, data management, machine learning and artificial intelligence,” Konza said.

For Kenya’s startup ecosystem, the proposed center could provide access to AWS credits, technical mentorship and opportunities through the AWS Partner Network. The programs would be aimed at helping startups and scale-ups develop and expand technology-based businesses.

The discussions come as Konza seeks to position the technopolis as a hub for emerging technologies and digital innovation in Africa. AWS infrastructure at the site would also strengthen the ecosystem around companies and institutions building cloud-based applications and AI services.

The proposed initiatives have not yet been announced as operational. Konza said the two organizations are beginning a new chapter of strategic collaboration, with the AWS Outpost and Centre of Excellence among the areas being explored.

Kenya’s CA Says Cyber Cafes Won’t Be Required to Keep Browsing History

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Kenya’s communications regulator has clarified that new licensing rules for cyber cafes will not require operators to retain customers’ browsing histories, seeking to ease concerns over privacy and surveillance under the updated regulations.

The Communications Authority of Kenya said public communications access centres, commonly known as cyber cafes, will instead be required to maintain basic session information, including the identification of the terminal used and the start and end times of a customer’s session. This was announced earlier this week and has already been happening in other places like Nigeria.

The new licence conditions were published in the Kenya Gazette on Aug. 7 and will take effect Sept. 7 after the statutory 30-day period.

The rules require operators to verify customers, display applicable charges, issue receipts for paid services and maintain basic records demonstrating compliance with their licences. The records are intended to provide an audit trail where a public internet facility is linked to unlawful activity, including cyber-enabled fraud, scams and identity-related offences.

“The requirement for PCACs to maintain basic user logs does not extend to a customer’s browsing history,” the authority said in a statement Thursday.

The clarification follows public debate over the scope of the new requirements, with concerns that cyber cafes could be compelled to monitor or retain detailed records of users’ online activities.

The CA said the licence conditions also do not prescribe a specific customer identification system or closed-circuit television solution. Operators may introduce additional know-your-customer measures as part of their security controls, provided they comply with applicable laws.

Public internet centres remain an important access point for Kenyans without personal computers, reliable internet connections or other digital resources, the regulator said. They are widely used for online government services, applications, transactions and other activities tied to the digital economy.

The authority said the regulatory framework is intended to balance access to digital services with consumer protection, privacy and security as cybercrime and online fraud increase.

The CA said it will continue engaging cyber cafe operators and other stakeholders ahead of the Sept. 7 implementation date.

Operators and members of the public can consult Kenya Gazette Notice Vol. CXXVIII No. 135, published Aug. 7, for the full licensing conditions.

How the Mid-Range Smartphone Is Becoming the Smartest Choice for Consumers

Not too long ago, buying a mid-range smartphone meant accepting compromises. You settled for a decent camera instead of a great one, a slower processor, fewer software updates or a display that wasn’t quite as immersive. Premium features belonged to flagship devices, while affordability often came at the expense of the overall experience. That gap is closing.

As consumers increasingly become agile, and more deliberate about what they expect from devices, price still matters, but so does long term value. People want devices that can keep up with work, entertainment, content creation and everyday communication without feeling outdated after a year or two of use.

Artificial intelligence is one of the biggest examples of this change. Once seen as an exclusive feature in flagship phones, AI is becoming part of everyday consumer lives and trickles down to their mobile use experience. Whether it’s searching for information more intelligently, editing photos in seconds or organizing daily tasks, consumers now expect these experiences to be available across more devices.

The new Samsung Galaxy A27 reflects this shift. Rather than treating AI as a premium add-on, the device brings practical intelligence into everyday tasks. Features such as Circle to Search with Google allow users to search multiple objects within an image simultaneously, while Object Eraser removes unwanted distractions from photos without requiring third-party editing apps. Voice Transcription can also translate conversations as it creates transcripts, making meetings, lectures and interviews easier to capture and revisit.

Performance has equally become important. Smartphones are expected to handle video calls, social media navigation, mobile banking, entertainment etc. often all within the same hour. Consumers want a device that responds quickly without slowing down as demands use increases throughout the day.

Powered by the Snapdragon 6 Gen 3 Mobile Platform, the Galaxy A27  is designed to deliver smoother multitasking, faster app switching and improved graphics performance.[3] Whether streaming content, managing work on the move or enjoying mobile gaming, users benefit from a more responsive experience that fits naturally into their daily routines.

The display is another area where expectations have evolved. Smartphones have become the primary screen for watching videos, gaming , following live sports, attending online classes or simply just consuming social media.

Recognizing this shift, Samsung equipped the Galaxy A27  with a 6.7-inch Super AMOLED display featuring a 120Hz refresh rate and an upgraded Infinity-O design that maximizes screen space while reducing visual distractions. The result is a viewing experience that feels smoother, more immersive and more comfortable, whether users are watching a film or simply scrolling through their favourite apps.

Consumers are also thinking beyond the day they purchase a phone. They want confidence that their device will continue to perform well years down the line. Software support has therefore become one of the most important considerations when choosing a smartphone. Regular operating system upgrades introduce new capabilities, while security updates help protect personal information as digital services become increasingly central to everyday life.

Samsung has strengthened this long-term approach by providing the Galaxy A27 5G with up to six generations of Android OS and One UI upgrades, alongside up to six years of security updates. Combined with Samsung Knox Vault, which provides hardware-backed protection for sensitive information, the device is designed to remain secure and relevant long after it leaves the box.

Photography has also evolved beyond capturing memories. For many people, a smartphone camera has become a work tool, supporting online businesses, social media, remote collaboration and digital storytelling.

The Galaxy A27 5G builds on this everyday need with an upgraded 12MP front camera that captures more natural-looking selfies across different lighting conditions, while AI-powered editing tools simplify post-production, allowing users to refine their images quickly without specialized editing skills.

Ultimately, the conversation around smartphones is changing. Consumers are no longer looking solely at technical specifications or comparing megapixels. They are evaluating how well a device fits into their lifestyle, how long it will remain useful and whether it can keep pace with the demands of work, entertainment and creativity.

That is why the mid-range smartphone category has become more competitive than ever before. It is no longer defined by compromise but by accessibility—bringing together intelligent features, reliable performance, immersive displays and long-term software support at a price point that makes innovation available to more people.

For many consumers, that may prove to be the smartest investment of all.

KCB Group Expands Digital Banking Push With Cheaper PesaLink, Online Bid Bonds

KCB Group Plc is expanding its digital banking offering with cheaper PesaLink transfers and online bid bonds as the East African lender accelerates its push to move more financial services onto digital channels.

The bank introduced a flat KSh20 fee for PesaLink transfers in May, while making transactions of up to KSh1,000 free. KCB said the move is part of its broader strategy to promote financial inclusion and encourage customers to adopt low-cost digital payment channels.

KCB also rolled out Bid Express, a digital platform that allows customers to request and generate unsecured bid bonds from anywhere in the world without visiting a branch. The service extends the bank’s digital strategy into business banking, allowing customers to complete a previously branch-based process online.

The digital push comes as KCB Group reports strong growth across its core banking business. Profit before tax increased 20.8% to KSh49.3 billion, or about $382 million, in the first half of 2026, while total assets expanded 16.8% to KSh2.3 trillion, equivalent to about $17.8 billion.

Customer deposits rose 15.1% to KSh1.7 trillion, or about $13.2 billion, while gross loans increased 14.2% to KSh1.3 trillion, equivalent to roughly $10.1 billion. KCB said the increase in lending was driven by strong new-to-bank customer acquisition and increased lending across retail, SME and corporate segments.

The bank’s digital strategy is also extending into lending and savings outside Kenya.

In Rwanda, BPR Bank and MTN MoMo launched MoFaya, a digital loan and savings solution that allows eligible customers to access instant loans of up to Rwf2 million and save directly through their mobile-money wallets.

KCB’s broader digital transformation is taking place alongside growing income from non-funded activities. Total income increased 9.5% to KSh108.1 billion, or about $838 million, during the first half. Non-funded income rose 15.4% to KSh34.1 billion, reaching KSh34.1 billion, while funded income increased 7% to KSh74 billion.

The growth in non-funded income is particularly relevant to KCB’s digital expansion as payment and transaction services provide banks with revenue streams beyond traditional interest income.

KCB Group Chief Executive Officer Paul Russo said the bank’s performance reflects the resilience of its diversified business model and regional footprint, while emphasizing its commitment to digital transformation.

“Our strong half-year performance reflects the resilience of KCB Group’s diversified business model, the strength of our regional footprint, and the confidence our customers continue to place in us,” Russo said.

KCB’s regional banking subsidiaries contributed 27.7% of group profit before tax and accounted for 31.1% of the group’s total balance sheet during the period, giving its digital strategy a regional footprint beyond Kenya.

The group also continues to maintain a large physical network, with 460 branches and 1,247 ATMs, supported by more than 1.4 million merchants and agents across East Africa. The bank’s mobile and internet banking services complement that network.

For KCB, the latest initiatives point to a digital strategy focused not only on mobile banking but also on reducing the cost of payments and digitizing business processes.

Cheaper PesaLink transfers target everyday payments, Bid Express digitizes access to bank guarantees, while MoFaya brings lending and savings into mobile-money wallets. Together, the initiatives show KCB extending digital services across consumer and business banking as the group continues its wider transformation.

7 Warning Signs Your Enterprise Web Application Architecture Is Holding You Back

Growth has a way of exposing every shortcut a business has ever taken with its technology. The Web app or platform that felt fast and flexible at 50 users starts to strain at 5,000. Reports that once took minutes now take hours. Simple feature requests turn into multi-week engineering projects, and nobody can quite explain why.

Most leadership teams interpret these symptoms as a resourcing problem. They hire more developers, add another vendor, or push the roadmap out another quarter. But in the majority of cases, the real constraint is architectural. The system was designed for the company you were, not the company you are becoming.

This is the practical argument for enterprise-grade software. It is not about buying bigger servers or adopting whatever framework is trending. It is about building systems that absorb growth instead of buckling under it. Companies that treat architecture as a business decision, and that invest deliberately in custom web application development services, consistently spend less on rework and recover faster when market conditions shift.

The cost of getting this wrong is rarely dramatic. It shows up quietly, as slower release cycles, rising infrastructure bills, engineers who spend more time maintaining than building, and opportunities that get declined because the platform cannot support them. By the time the problem becomes visible on a P&L, it has usually been compounding for two or three years.

The encouraging part is that architectural decay announces itself well before it becomes a crisis. There are recognizable patterns. Leaders who learn to read them can intervene early, when a course correction is still an investment rather than a rescue operation. That is especially true now, when automation and intelligent workflows are becoming table stakes, and when adopting custom AI Software development services depends almost entirely on whether your underlying data and systems are structured to support them.

Below are the seven signals worth paying attention to.

What Actually Makes an Application Enterprise-Grade

Before diagnosing problems, it helps to define the standard. Enterprise-grade is not a marketing label. It describes five measurable qualities.

Scalability. The system handles growth in users, data, and transactions without a proportional increase in cost or complexity.

Security. Access control, encryption, audit trails, and compliance requirements are designed into the architecture rather than bolted on after an incident.

Performance. Response times stay predictable under load, not just on a quiet Tuesday morning.

Reliability. The platform degrades gracefully. A failure in one component does not take the entire business offline.

Integration capability. The system exchanges data cleanly with the other tools your organization depends on, through documented interfaces rather than fragile custom scripts.

An application can look modern and still fail three of these five tests. That gap is where most enterprise technical debt lives.

The Seven Warning Signs

1. Every new feature takes longer than the last. Healthy systems get easier to extend over time because patterns become established. If your delivery velocity is trending the wrong way, the architecture is fighting your team rather than supporting it. Track how long comparable features took a year ago versus today. The comparison is often sobering.

2. Traffic spikes cause visible degradation. If a marketing campaign, a seasonal peak, or a large client onboarding creates anxiety in your engineering team, you do not have a scalable system. You have one that happens to be working. Scalability means growth is a business event, not an operational emergency.

3. Every integration requires a custom workaround. Connecting a CRM, a payment provider, or an analytics platform should be routine. When each integration becomes a bespoke project with its own maintenance burden, it usually means the application lacks a coherent API layer and business logic is scattered across the codebase.

4. Downtime has quietly become normal. Some organizations develop a tolerance for outages, scheduling maintenance windows and warning customers in advance. This normalization is a red flag. Modern architectures support zero-downtime deployment as a baseline expectation.

5. The same security gaps resurface in every review. If audits repeatedly surface issues in authentication, data handling, or access permissions, the problem is structural. Security implemented at the perimeter rather than throughout the architecture will keep producing the same findings no matter how many patches are applied.

6. Reporting depends on manual work. When answering a straightforward business question requires someone to export spreadsheets from three systems and reconcile them by hand, your data is siloed. That slows decision-making and makes it nearly impossible to build reliable forecasting or analytics on top.

7. AI and automation are not viable options. Many companies discover their AI ambitions are blocked not by model availability but by data readiness. Fragmented, inconsistent, poorly documented data cannot support meaningful automation. If your architecture cannot expose clean data through stable interfaces, intelligent capability remains out of reach regardless of budget.

The Pillars That Prevent These Problems

Modular architecture. The microservices versus monolith debate is often framed as a technical religion. It should be a business calculation. Monoliths are simpler and cheaper for smaller teams with a single product line. Modular or service-based architectures make sense when different parts of the business need to scale, deploy, or evolve independently. The failure mode is not choosing one over the other, it is choosing without understanding the tradeoff.

Cloud-native design. Running software on a cloud provider is not the same as being cloud-native. The latter means designing for elasticity, automated recovery, and infrastructure defined as code. Done properly, it converts fixed capital expense into variable operating expense that tracks actual usage.

Data as a first-class concern. Treat your data model as a strategic asset rather than a byproduct of application development. Organizations that centralize and standardize data early gain analytical capability that competitors spend years trying to retrofit.

Automation readiness. Build systems that assume automation will be added. Clean interfaces, well-defined events, and consistent data structures make future intelligent capability an incremental addition rather than a rebuild.

Where Businesses Commonly Go Wrong

Optimizing exclusively for the next release. Short-term thinking is defensible under pressure, but when it becomes the default operating mode, technical debt accumulates faster than it can be repaid.

Deferring scalability considerations. Some leaders reason that scaling problems are good problems to have. They are, but they are far cheaper to solve as design decisions than as emergency migrations under customer pressure.

Selecting a technology stack for the wrong reasons. Stacks get chosen based on a single developer’s preference, a conference talk, or availability of cheap contractors. Sound selection weighs talent availability in your market, long-term maintenance cost, ecosystem maturity, and fit with your specific workload.

Building Something That Lasts

Start with architecture, not features. A short discovery phase that maps expected growth, integration requirements, compliance obligations, and data flows will save disproportionately more time than it consumes. Two to three weeks of rigorous planning routinely prevents six months of rework.

Choose a development partner who asks uncomfortable questions. A team that immediately agrees to your timeline and specification without probing assumptions is not evaluating your problem. Look for partners who discuss tradeoffs openly and who can articulate what they would not build.

Treat optimization as continuous rather than episodic. Establish performance baselines, monitor them, and allocate a consistent share of engineering capacity to architectural health. Teams that reserve fifteen to twenty percent of capacity for this work rarely face the large, disruptive rewrites that consume entire quarters.

What This Looks Like in Practice

A mid-sized logistics company had built its order management platform as a single application over eight years. Growth was strong, but every peak season brought outages, and onboarding a new enterprise client took roughly four months because each required custom integration work.

Rather than rebuilding everything, the team extracted the three highest-pressure functions, order intake, tracking, and client integrations, into independent services with a shared API layer. Core operations remained on the existing system.

Within a year, peak-season outages stopped entirely, client onboarding fell from four months to around three weeks, and infrastructure spend dropped because they were no longer over-provisioning capacity for peaks. The engineering headcount did not change. The architecture did.

The Bottom Line

Architecture is a business decision that gets delegated to technical teams by default. That delegation is understandable, but the consequences land squarely on the business: revenue that cannot be captured, clients who cannot be onboarded, markets that cannot be entered quickly enough.

The organizations that scale well are not necessarily the ones spending the most on technology. They are the ones that recognized the warning signs early and treated architecture as an investment in future optionality rather than a cost to be minimized.

If several of the seven signals above describe your current environment, the useful next step is an honest architectural assessment before the next roadmap cycle begins. Understanding where the constraints actually sit is far less expensive than discovering them during your next growth surge.

Silverbacks Injected $37 Million into Moove’s Latest $2.1 Billion Valuation Round

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Silverbacks Holdings invested more than $37 million in Moove, during its $250 million round announced last week, its largest single investment in an African-born technology company.

The Mauritius-based investment firm participated in Moove’s $250 million Series C round, which was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific. Existing and new investors including Uber, BlackRock, Franklin Templeton, MUFG, BlueCrest Capital Management, Sona Asset Management and The Raptor Group also participated.

Silverbacks’ stake, accumulated since Moove’s early A1 funding round, is now valued at more than $62 million based on the latest financing price, according to the firm.

The investment gives Silverbacks a significant position in a company that has expanded from its African roots into a global mobility operator. Founded in 2020 by Ladi Delano and Jide Odunsi, Moove finances, owns and operates vehicles for mobility platforms, including autonomous vehicle fleets.

The company said it reached annual recurring revenue of $420 million within five years of launch. It now operates about 42,000 vehicles across 29 cities in 13 countries on five continents, with more than 3,300 employees.

Moove is Uber’s largest global fleet partner and has also become a third-party operator of autonomous vehicle fleets through its partnership with Waymo. Its autonomous mobility operations are live or announced in cities including Phoenix, Miami, Las Vegas and London.

“Moove’s phenomenal trajectory and rapid expansion across five continents is a testament to the vision of its founders,” Ibrahim Sagna, executive chairman of Silverbacks Holdings, said in a statement. “We are proud to be part of this historic milestone and to support a true ‘silverback’ in the global mobility space.”

For Silverbacks, the investment extends a strategy of backing African-founded businesses capable of expanding beyond the continent. The firm has invested progressively in Moove over six years, increasing its exposure across successive funding rounds.

“Over the last six years, as we were expanding the company across the globe, they systematically scaled up their investments into our business — round after round,” Delano, Moove’s co-founder and co-chief executive officer, said.

The transaction also comes shortly after Silverbacks recorded its 10th portfolio exit, following the acquisition of open-banking startup Mono by Flutterwave. Silverbacks said its fintech investments have generated an average cash-on-cash return of 15.8 times.

The firm is also expanding beyond technology into Africa’s sports, entertainment and creative industries, where it has attracted investors and advisers including actor and director Boris Kodjoe, producer Pepsi Pokane, musician Mr Eazi and media executive Sandy Climan.

Moove’s latest funding underscores growing investor appetite for African-founded companies that can build international businesses rather than remain confined to their home markets. The company’s expansion into vehicle financing, fleet operations and autonomous mobility has broadened its addressable market beyond traditional ride-hailing.

For Silverbacks, the Moove investment represents both a substantial capital commitment and a bet that African entrepreneurs can build globally significant platforms in industries ranging from financial technology to transportation.

The firm’s latest exposure now stands at more than $62 million in value at Moove’s new valuation, giving Silverbacks a sizable paper gain on its early investment while reinforcing its strategy of backing companies before they reach global scale.

Jumia Raises $50M as IFC, Axian Back Push Toward Profitability

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Jumia has raised $50 million in fresh equity from a group of investors led by the International Finance Corporation, giving Africa’s e-commerce company additional capital as it pushes toward profitability.

The financing includes a $25 million investment from IFC, the World Bank Group’s private-sector arm, with Axian and other investors providing the remaining $25 million. Investors agreed to purchase about 9.1 million new American Depositary Shares at $5.52 each, according to regulatory filings.

The funding comes as Jumia’s turnaround begins to show results. Revenue rose 14% year-on-year to $52 million in the second quarter, while gross merchandise value increased 20% to $216.3 million. Gross profit rose 28% to $30.7 million.

More importantly, the company continues to reduce its losses. Jumia’s adjusted EBITDA loss narrowed 36% to $8.7 million from $13.6 million a year earlier, while its operating loss fell 25% to $12.4 million.

Jumia is targeting adjusted EBITDA breakeven and positive cash flow in the fourth quarter of 2026, followed by full-year profitability in 2027.

The new capital gives the company more room to pursue those targets. Jumia ended June with $48.3 million in liquidity, down from $62.6 million at the end of March, after using $11.8 million in operating cash during the second quarter.

Jumia plans to use the proceeds to support growth in its core African markets, improve operational efficiency and strengthen its marketplace and logistics infrastructure.

The company has spent the past several years scaling back from an aggressive pan-African expansion strategy that consumed cash. It has exited markets including South Africa, Tunisia and Algeria, cut costs and focused its resources on eight core African markets.

That restructuring is now producing stronger operating metrics. Quarterly active customers reached 2.6 million, while physical-goods orders rose to 6.3 million. Adjusted for markets Jumia has exited, orders increased 28% year-on-year.

Nigeria was among the strongest markets during the quarter, with GMV rising 36% and orders increasing 34%.

International commerce is also becoming a larger part of Jumia’s marketplace. Orders from international sellers increased 96% year-on-year in the second quarter, helped by a growing base of Chinese sellers and affordable fashion products sourced from Turkey.

For IFC, the investment represents a bet on digital commerce infrastructure as a driver of economic opportunity in Africa. The World Bank Group said its investment could help about 60,000 local active sellers reach broader markets, support around 1,800 direct jobs and create income-generating opportunities for more than 100,000 independent sales agents.

“Jumia demonstrates how pan-African e-commerce platforms can expand economic opportunity at scale,” Farid Fezoua, IFC’s director for Equity, Funds and Venture Capital, said.

Jumia CEO Francis Dufay said the investment was a milestone for the company and validated the progress made in recent years.

The financing gives Jumia a larger capital cushion as it attempts to prove that e-commerce can become a sustainable business in markets where low purchasing power, expensive logistics, fragmented retail infrastructure and currency volatility have historically made online commerce difficult to scale.

If Jumia delivers on its 2026 breakeven target and reaches full-year profitability in 2027, the $50 million raise could mark a significant turning point for one of Africa’s most prominent publicly listed technology companies.

KCB Group Profit Jumps 20.8% to $382 Million as Loans, Deposits Drive Growth

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Kenya Commercial Bank (KCB Group Plc) has today reported a 20.8% increase in its first-half profit before tax to KSh49.3 billion, or about $382 million, due to higher lending, deposit growth and stronger non-funded income supporting earnings growth.

KCB Group’s total assets expanded 16.8% to KSh2.3 trillion, or about $17.8 billion, while customer deposits rose 15.1% to KSh1.7 trillion, equivalent to roughly $13.2 billion. Gross loans increased 14.2% to KSh1.3 trillion, or about $10.1 billion, driven by lending to retail, small and medium-sized businesses and corporate customers.

“Our strong half-year performance reflects the resilience of KCB Group’s diversified business model, the strength of our regional footprint, and the confidence our customers continue to place in us,” said KCB Group CEO Paul Russo.

The Group’s total income rose 9.5% to KSh108.1 billion, about $838 million while its non-funded income increased 15.4% to KSh34.1 billion, or approximately $264 million, while funded income grew 7% to KSh74 billion, equivalent to about $574 million.

Asset quality also improved. The Group’s Gross non-performing loans fell by KSh17.3 billion to KSh203.8 billion, or about $1.58 billion, from KSh221.1 billion a year earlier. The non-performing loan ratio declined to 15.1% from 18.7%, which KCB attributed to recoveries, rehabilitation of distressed facilities and tighter credit-risk management.

Regional operations accounted for 27.7% of the group’s profit before tax and 31.1% of its balance sheet. KCB Investment Bank recorded a 226.6% increase in profit before tax to KSh503.2 million, or about $3.9 million, supported by advisory mandates and capital-markets transactions.

KCB’s loan-to-deposit ratio improved to 78.8% from 79.5%, while return on equity stood at 21.1%. Equity attributable to shareholders increased 16.3% to KSh357 billion, or roughly $2.77 billion.

The board declared an interim dividend of KSh3 per share, up 50% from KSh2 a year earlier, resulting in a payout of KSh9.64 billion, or about $75 million.

KCB maintained strong capital buffers, with its core capital-to-risk-weighted-assets ratio at 18.6%, well above the 10.5% statutory minimum. The total capital ratio stood at 21.6%, also above the 14.5% regulatory threshold.

The results underscore the growing contribution of KCB’s diversified regional franchise as the lender continues investing in digital banking, financial inclusion and sustainable finance across East Africa. KCB operates in Kenya, Tanzania, South Sudan, Uganda, Rwanda, Burundi and the Democratic Republic of Congo. The group has 460 branches, 1,247 ATMs and more than 1.4 million merchants and agents across the region.

“The performance reflects the effectiveness of our governance framework, and the disciplined execution of our long-term strategy,” said KCB Group Chairman Joseph Kinyua.

Moment Raises $22M to Accelerate its Expansion Across Africa

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Moment, a Cape Town-based fintech, has closed $22 million to deepen its network, enhance its platform and accelerate expansion across Africa.

The Series A funding round was led by AlphaCode Venture Partners, with follow on investment from General Catalyst, MultiChoice, and participation from Canal+. This raise adds Moment’s sum total raised to $55 million to help it build its payment infrastructure businesses across Africa.

“Africa’s payment complexity has long been a hidden tax on commerce on every business trying to grow here, and on every household trying to participate in the digital economy. Moment is dismantling that barrier in a way we haven’t seen before: at continental scale, compliantly, and with a product that the market’s largest enterprises have already validated,” said Dominique Collett, General Partner at AlphaCode Venture Partners. “We’re backing Joel Yarbrough, Moment’s CEO and his team as they build a defining piece of Africa’s financial infrastructure.”

Offering both payment collection and revenue retention solutions to corporate and enterprise merchants, Moment offers billers and merchants such as insurers and subscription platforms an unrivalled suite of collection tools including recurring payments, customer outreach tools, failed payment recoveries across digital and in-person channels, and the ability to directly link Moment to their enterprise billing systems.

Africa’s payment landscape is notoriously fragmented. In South Africa, over two-thirds of payments are still made in person at retail locations despite high bank penetration. In Nigeria, instant bank transfers dominate, with strong competition from cash, cards, and digital wallets. In other markets, mobile money platforms have thrived due to low bank penetration, but are fragmented across dozens of operators, with no single provider able to offer merchants unified collections across all channels.

Moment lets their customers pay with any locally preferred payment method, spanning cards, mobile money, real-time bank transfers, eWallets, recurring bank debits, and in-person payments.

“Within three years of launch, we are processing for 10 million people a month across some of Africa’s leading brands. We support the full spectrum of locally preferred digital payment methods as well as an in-person acceptance network spanning over two million physical locations,” said Moment CEO Joel Yarbrough. “Our platform is highly resilient and we process 600,000 transactions a day despite power and connectivity problems that plague the market. We’ve built a platform that can deliver on the particular challenges of the African market and help businesses get paid faster and at lower cost.” 

By optimising subscription and instalment payments, adding new locally preferred collection methods across Africa, and integrating intelligence into its reconciliation and back-office clearing capabilities, Moment ensures merchants can confidently collect anywhere while getting their money faster than ever before.

Spotify Will Label AI Artists and Keep Them Out of Recommendations by Default

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Spotify will begin labeling AI-generated artist identities with an AI Persona badge from mid-September, as the streaming platform moves to give listeners greater transparency about who is behind the music.

The badge will appear on artist profiles, search results and track rows in playlists. Artists can disclose their AI identity through Spotify for Artists, while Spotify will also review profiles that appear to use photorealistic AI-generated personas.

Spotify said music from AI Personas will not be included by default in editorial or personalized recommendations. Users can still discover the music if they follow an AI Persona or seek it out directly.

The company will notify artists whose profiles are flagged by its review team, giving them an opportunity to self-disclose or appeal the decision. Spotify will initially focus its reviews on artists that meet defined audience thresholds.

The policy is separate from the use of AI in music production. Spotify’s AI Credits allow artists to disclose how AI was used to create individual tracks, while SongDNA provides additional information about artists and contributors.

The AI Persona initiative is part of Spotify’s broader push to strengthen artist identity and transparency. The company has also introduced Verified by Spotify, Artist Profile Protection and Artist Details as it seeks to distinguish authentic artists from synthetic identities and low-effort content.

Spotify’s move reflects a growing challenge for streaming platforms as generative AI makes it easier to create not only songs, but entire fictional artists with AI-generated voices, images and identities.

Small Foundation Backs AgDevCo Venture to Finance East African Agribusinesses

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Small Foundation is backing a new investment vehicle established by AgDevCo to provide patient financing to early-stage agribusinesses across East Africa, targeting companies that often fall between microfinance and conventional commercial lending.

AgDevCo Ventures will invest in businesses involved in agricultural input supply, production, aggregation and processing, while providing technical assistance in areas including financial management, agronomy and environmental and social practices.

The vehicle is designed to address a financing gap facing young agribusinesses whose capital requirements can exceed microfinance limits but are considered too small, early-stage or exposed to agricultural risks by commercial lenders.

Seasonal revenues, long production cycles and climate-related disruptions can make conventional debt difficult for agricultural businesses to service, limiting their ability to expand and create jobs in rural communities.

AgDevCo, an impact investor focused exclusively on African agriculture, will manage the vehicle through a dedicated team based in Nairobi. The portfolio will draw on the firm’s broader agricultural investment and operating experience.

Small Foundation, which was an early backer of AgDevCo, said its latest support forms part of a broader blended-finance structure intended to offer more flexible financing to businesses at an early stage of development.

“Small Foundation was one of AgDevCo’s earliest backers and has been just as catalytic in getting AgDevCo Ventures off the ground,” AgDevCo Chief Executive Officer Daniel Hulls said. Hulls also chairs AgDevCo Ventures.

The partnership will also test whether patient capital combined with technical support can help early-stage companies strengthen their operations, deepen relationships with smallholder farmers and become better positioned to attract follow-on investment.

For investors and development-finance institutions, the initiative reflects a broader effort to direct capital toward commercially viable rural businesses that remain underserved by traditional financing models.

AgDevCo Ventures’ focus on early-stage companies could also provide a pipeline of businesses capable of scaling across East Africa’s agricultural value chains, where access to capital remains a constraint on private-sector growth.

BII Invests $20 Million in Africa50 Fund to Back African Infrastructure

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British International Investment, the UK’s development finance institution, is investing $20 million in an Africa50 fund as it seeks to attract more private capital to infrastructure projects across the continent.

The investment in the Africa50 Infrastructure Acceleration Fund was announced alongside a new agreement between BII and Africa50 to expand cooperation on infrastructure financing, co-investment and project development.

The commitment takes the fund to a fourth close of about $330 million, with investors including the African Development Bank, International Finance Corp. and more than 20 African institutional investors.

The fund targets infrastructure projects in power and energy, water and sanitation, transport and logistics, and digital and social infrastructure.

The investment comes as African governments struggle to finance the infrastructure needed to support faster economic growth. Limited public funding has increased the importance of development-finance institutions, pension funds, insurers and other long-term investors in funding large projects.

Under a memorandum of understanding signed at the Infra for Africa Forum in Tanzania, BII and Africa50 will identify opportunities for co-financing and co-investment while working to expand the pipeline of projects that can attract institutional capital.

“Africa’s infrastructure financing gap remains one of the biggest barriers to sustainable growth and development across the continent,” BII Chief Executive Officer Leslie Maasdorp said.

Africa50 Chief Executive Officer Alain Ebobissé said the continent’s infrastructure needs could not be met by public capital alone.

The partnership is designed to use BII and Africa50’s capital and networks to bring more investors into infrastructure projects, potentially allowing projects to reach financial close and construction faster.

For BII, the investment also supports a strategy of using development capital to mobilize additional funding from private and institutional investors. Africa50 specializes in developing, financing and investing in infrastructure projects across Africa.

The fund’s latest close brings together capital from international development institutions and African investors, reflecting growing efforts to finance the continent’s infrastructure through a combination of public and private capital.

Tech Powers Starehe Boys’ 1,100km Bikeathon

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Technology is playing an increasingly important role in helping 13 Starehe Boys Centre students complete a 1,100-kilometre charity cycling challenge from Busia to Mombasa, combining endurance, digital coordination and safety support in a journey designed to raise KSh10 million for the school’s education fund.

The riders resumed the final leg of the challenge from Nairobi on Wednesday after arriving in the capital on Monday and taking Tuesday to rest and recover. They are expected to reach Mombasa on Sunday, August 16.

The challenge, known as the Dr. Geoffrey Griffin Memorial Charity Bikeathon, requires the students to cycle roughly 100 kilometres each day, making preparation, route coordination, communication and safety critical to completing the journey.

For the riders and their support teams, technology is helping turn what would otherwise be a physically demanding road journey into a coordinated long-distance operation. Route planning, communication between riders and support teams, and access to emergency assistance are central to keeping the group moving together across multiple counties.

The riders have also spent months preparing physically and mentally for the challenge, undertaking long-distance training to condition themselves for repeated 100-kilometre rides.

“You cannot just wake up and ride 1,100 kilometres,” said Ian Hicho, Technical Director and Team Coach and an Old Starehian. “The preparation started months ago, with physical training, long-distance rides and mental preparation.”

The challenge illustrates how technology and modern training methods are becoming increasingly important in endurance sports, where performance depends not only on physical fitness but also on planning, communication, monitoring and logistics.

Safety is another major part of the operation. St John Ambulance emergency response teams are supporting the riders along the route, providing medical and safety assistance as the students travel through different road and weather conditions.

The riders are also supported by Vivo Energy Kenya, whose Shell service station network has provided stopover points, refreshments and logistical assistance along the route.

For team captain Ian Stanley, the challenge has provided lessons in leadership and coordination that extend beyond the classroom.

“Being team captain means making sure everyone is where they are supposed to be, that the bikes are in order and that the team moves together,” he said.

The technology and logistics supporting the Bikeathon are particularly important because the riders are travelling as a team rather than competing individually. Maintaining communication, ensuring the bicycles remain operational and coordinating support along the route all become increasingly difficult as distance and fatigue accumulate.

The fundraising campaign is targeting KSh10 million for the Starehe Boys Centre education fund, giving the technology-enabled journey a broader social purpose: using a highly coordinated physical challenge to mobilise support for education.

Fidel Alfred Odhiambo, a Form Three student and returning Bikeathon participant, said the experience has reinforced the importance of resilience.

“There are moments when you feel like giving up, especially when climbing the hills, but you remember why you started and you keep going,” he said.

The Bikeathon honours the legacy of the late Geoffrey Griffin, founder of Starehe Boys Centre, and is intended to develop resilience, teamwork, leadership and a sense of service among the students.

At the heart of the challenge, however, is a simple objective: getting all 13 riders safely to Mombasa while raising money to support future Starehe students.

The team is now entering the final stretch of its 1,100-kilometre journey, with technology, logistics and teamwork helping keep the riders on course as they head towards Mombasa.

Liquid, Taara Using Light Beams to Bypass Fiber Challenges and Expand Data Center Capacity in Lagos

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Liquid Intelligent Technologies is using high-speed wireless optical technology from Taara to connect large enterprises in Lagos to data center capacity without relying entirely on fiber, offering a faster way to expand connectivity in Nigeria’s largest commercial hub.

Over the past two years, Liquid has deployed nearly a dozen Taara links across Lagos, connecting internet service providers, banks, hotels and a utility company to high-capacity network infrastructure.

The technology is designed for locations where laying fiber is expensive, slow or technically difficult. It can also provide an alternative route when fiber networks are disrupted by cuts, which can leave businesses without connectivity while repairs are carried out.

Taara, a graduate of X, Google’s Moonshot Factory, uses narrow beams of invisible light to transmit data through the air. Its Lightbridge platform can deliver up to 20 Gbps of capacity across distances of up to 20 kilometers.

Unlike conventional fiber deployments, the system does not require trenching, spectrum licensing or extensive civil works. Taara says links can be installed and activated within hours in some deployments, compared with the weeks that traditional infrastructure projects can require.

For Liquid, the technology provides another way to distribute bandwidth from its points of presence at Africa Data Centres and other leading data centers to enterprises that may be beyond the immediate reach of fiber.

That could become increasingly important as demand for cloud services, digital payments, artificial intelligence, enterprise applications and data-intensive services grows across Africa.

Lagos presents a particular infrastructure challenge. As Nigeria’s largest commercial center, the city has a dense concentration of businesses and growing demand for reliable connectivity, while expanding physical network infrastructure in congested urban environments can be expensive and operationally difficult.

Fiber remains the backbone of modern communications networks, but operators increasingly need additional technologies to extend capacity and create redundancy.

Liquid is using Taara links as a complement to its existing fiber infrastructure rather than as a replacement for it. The company can use the wireless optical connections to reach customers more quickly, connect locations where fiber deployment is difficult and establish alternative network routes.

“For Liquid, deployment speed has been one of the most significant advantages,” Eugene Uka, acting chief executive officer of Liquid Intelligent Technologies Nigeria, said.

“Traditional fiber deployments aren’t always a possibility, especially across difficult terrains. Taara links can often be installed and activated within hours,” he said.

The technology could also help address one of the persistent weaknesses of fiber-dependent networks: physical cuts.

Fiber cables can be damaged during road construction, excavation and other civil works. Restoring connections can take days depending on the location and extent of the damage. A wireless optical link can provide an alternative connection between network points without requiring another physical cable to be laid.

“As demand for connectivity continues to grow, operators need more flexibility in how they expand and reinforce their networks,” said Bhavesh Mistry, regional lead for Taara in Africa.

“Fiber remains an essential part of modern communications infrastructure, and will for some time, but there are many situations where deploying fiber quickly or cost-effectively can be difficult,” Mistry said.

Taara’s technology uses highly focused beams of light to transmit data between two points. Because the system operates through the air, operators can establish high-capacity connections without digging trenches or acquiring additional radio-frequency spectrum.

The company says Lightbridge can provide up to 20 Gbps over distances of as much as 20 kilometers, positioning it between conventional fiber and traditional radio-frequency wireless systems.

Liquid has now begun exploring opportunities to expand the technology beyond Lagos, with Abuja, Ibadan and Kano among the Nigerian cities being considered for future deployments.

The expansion could give Liquid another tool for serving enterprises in areas where the economics or physical challenges of fiber deployment make conventional infrastructure less attractive.

Taara Lightbridge is currently deployed in more than 20 countries, with operators including T-Mobile, Airtel, Digicel, Liquid and SoftBank.

For Africa’s rapidly expanding digital economy, the significance of the technology may extend beyond simply providing a faster alternative to fiber. Wireless optical links could allow network operators to add capacity, connect new customers and build backup routes without waiting for lengthy civil works.

In markets where demand for connectivity is growing faster than physical infrastructure can be deployed, getting data from a data center to a business may increasingly depend not only on what is buried underground, but also on what can be transmitted through the air.

Mastercard Appoints Yasemin Bedir as President for Eastern Europe, Middle East and Africa Region

Mastercard has appointed Yasemin Bedir as its Eastern Europe, Middle East and Africa (EEMEA) region president, effective 1 September running its 81 country business in the region.

Bedir, a nearly 20-year veteran of Mastercard, also joins the company’s Management Committee. She succeeds Dimitrios Dosis, who was recently named Chief Commercial Payments Officer, leading Commercial & New Payment Flows.

Based in the UAE, Bedir will oversee the strategy, direction and overall success of all aspects of Mastercard’s operations across the region through its partnerships with retailers, fintechs, financial institutions, governments and businesses.

“Yasemin is a leader who finds the best in her teams to help them deliver the greatest impact for our customers and to fuel local economies,” said Sachin Mehra, Chief Business Officer, Mastercard. “This is a vast and complex region that demands creative thinking, proven results and strong relationships. Yasemin has delivered that throughout her career. Working with our customers and partners across the EEMEA region, we have a true opportunity to shape and redefine how people and businesses move money, exchange value and enable commerce for years to come.”

Most recently, Bedir served as Division President for Eastern Europe for four years, guiding the team through a complex geopolitical and regulatory environment to strengthen Mastercard’s leadership position across these markets. She is a passionate advocate for talent development and has fostered a culture grounded in accountability and collaboration.

Bedir joined Mastercard in 2007. During her tenure, she gained experience and insights from working in markets across the globe, including serving as General Manager of the company’s Turkey and Azerbaijan activities before overseeing community institution and processor relationships in North America for nearly five years.

“I’ve been inspired by the teams here at Mastercard,” said Bedir. “Their resilience, innovative spirit and relentless dedication to meet and exceed customer needs is what powers our impact every day. Together, we will build on the strong foundation the regional team has created under Dimi’s leadership over the past five years.”

Earlier in her career, Bedir worked at HSBC, Garanti Bank and Yapı Kredi in Turkey. She is among the Founders of the Professional Women Network (PWN) and leads many projects to help SMEs grow.

Tanzania Orders Social Media Businesses to Put Tax Numbers on Their Profiles

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Tanzania has introduced a new requirement for people conducting business through social media to publicly display their tax identification details, bringing online sellers and other digital businesses under a more visible layer of tax enforcement.

The Tax Administration (General) (Amendment) Regulations, 2026, issued through Government Notice No. 158G, require a person conducting business on social media to display a Tax Identification Number (TIN), Tax Clearance Certificate or the applicable tax certificate on their social media profile or account in a manner that is easily visible.

The regulations were signed by Finance Minister Khamis Mussa Omar in Dodoma on June 30 and took effect July 1, 2026. They amend Regulation 58 of the Tax Administration (General) Regulations, 2016, made under the Tax Administration Act, Cap. 438.

The change effectively makes a social-media account part of a business’s tax compliance footprint.

For online merchants, creators and other entrepreneurs using platforms such as Instagram, Facebook and other social networks to sell goods or services, tax credentials will now have to be visible on the account used for that business.

The regulation says the information must be displayed for the purposes of “inspection and enforcement,” giving Tanzania’s tax authorities a direct way to identify businesses operating through social media.

The measure comes as governments across Africa look for ways to capture economic activity moving from traditional shops and marketplaces to digital platforms.

Tanzania has already introduced tax rules covering parts of the digital economy, including registration requirements for certain non-resident electronic service providers. The latest amendment takes a different approach by targeting the visibility of businesses operating directly through social media.

For Tanzania’s growing base of small online businesses, the requirement could turn tax compliance into something customers can see before making a purchase.

A seller’s social-media page may no longer simply be a storefront carrying a product catalogue, phone number and payment details. It will also need to carry evidence of the seller’s tax status.

The rule could also make it easier for authorities to identify businesses that operate exclusively online and previously had little physical presence through which they could be identified.

The amendment does not specify a particular social-media platform in Regulation 58, meaning the requirement is framed around conducting business on social media, rather than being limited to Instagram, Facebook, TikTok or another named service.

For Tanzania’s digital merchants, the change marks a broader shift in the relationship between social media and government regulation: the platform where a business sells is increasingly becoming part of the system through which that business is identified, monitored and taxed.

YouTube Raises Bar for Creators, Tightens Monetization Rules

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YouTube is raising the bar for creators seeking to earn money from its platform, while introducing new revenue opportunities tied to subscriptions, shopping and brand deals.

The company said Monday that it will overhaul parts of the YouTube Partner Program from Feb. 1, 2027, marking its first major changes to the program since 2018. The changes come as YouTube tries to direct more money toward creators who consistently generate views and engagement.

The YouTube Partner Program has more than 3 million creators, according to the company. YouTube said it expects to pay creators more in 2027 than it did in 2026.

The biggest change affects Shorts, YouTube’s short-form video product.

Starting Feb. 1, 2027, creators will need at least 10 million qualified Shorts views over a 90-day period to remain eligible for advertising and subscription revenue sharing from Shorts.

Creators who fall below that threshold will not be removed from the Partner Program. They will continue to earn from eligible long-form videos, while Shorts revenue sharing will resume if they again reach 10 million qualified views in 90 days.

The move could put pressure on creators whose businesses depend heavily on viral Shorts, particularly smaller channels that generate large numbers of views but have inconsistent traffic.

YouTube is also promising alternative ways for those creators to make money. The company said it plans incentives tied to YouTube Shopping, brand deals and the ability to start or grow trends on the platform.

Details of those programs will be announced later.

YouTube expands Premium revenue

YouTube is also expanding Premium Lite to every country where YouTube Premium is available.

Premium Lite offers users largely uninterrupted viewing, as well as offline and background playback for most content. YouTube will distribute a portion of subscription revenue to creators based on member watch time and views.

For YouTube Premium, 30% of net subscription revenue is allocated to the creator pool, while Premium Lite allocates 60%. From those pools, creators receive a 55% share for long-form videos and 45% for Shorts.

YouTube said creators can, on average, earn more from a Premium subscriber than from the same user viewing advertisements.

The expansion gives creators another source of income that is less directly dependent on advertising demand.

Higher hurdle for new creators

YouTube is also increasing the requirements for new creators who want access to advertising and Premium revenue sharing.

From Feb. 1, 2027, new applicants will need either 8,000 qualified public watch hours during the previous 365 days or 20 million qualified Shorts views during the previous 90 days.

The company said the thresholds for fan-funding and shopping products will remain unchanged. Existing YPP members will not be affected by the new entry requirements.

YouTube said the changes reflect the scale of the platform, which now generates more than 200 billion Shorts views a day and more than 1 billion hours of daily viewing on television. For creators, the message is increasingly clear: YouTube is moving away from a model where sheer view volume is enough to drive monetization.

The platform is putting greater emphasis on sustained engagement, audience loyalty and commercial activity while giving creators more ways to earn beyond advertising. Creators will be able to review and accept the new Partner Program terms in YouTube Studio before the changes take effect on Feb. 1, 2027.

Intel Raises $20 Billion From New Stock Sale

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Intel is raising $20 billion through a new stock offering, giving the US chipmaker a major injection of fresh capital as it continues to invest in its business.

Intel said Monday it priced 210,526,315 shares of common stock at $95 per share. The offering was increased from the previously announced $15 billion.

The company expects to receive approximately $19.7 billion in net proceeds, assuming the underwriters do not exercise an option to purchase additional shares. The amount reflects deductions for underwriting discounts and commissions as well as estimated offering expenses. The underwriters have a 30-day option to purchase up to 31,578,947 additional Intel shares at the $95 offering price, less underwriting discounts.

The offering is expected to close on Aug. 12, subject to customary closing conditions.

Intel said it plans to use the proceeds for general corporate purposes, which may include capital expenditures and working capital. The company did not provide a detailed breakdown of how the money will be allocated. The new funding gives Intel additional cash to support its operations and investment plans at a time when semiconductor companies are committing billions of dollars to advanced manufacturing and computing infrastructure.

The stock sale will increase the number of Intel shares in circulation, meaning existing shareholders will own a smaller percentage of the company once the new shares are issued. That dilution could increase if the underwriters exercise their option to purchase the additional 31.58 million shares.

J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley and Citigroup are acting as joint book-running managers for the offering.

Barclays, BofA Securities, BNP Paribas, Credit Agricole CIB, Deutsche Bank Securities, Mizuho, RBC Capital Markets, TD Securities, Wells Fargo Securities and Cantor are among the other banks acting as book-running managers. Intel has filed a registration statement on Form S-3 with the US Securities and Exchange Commission for the offering.

Intel, which trades on the Nasdaq under the ticker INTC, designs and manufactures semiconductors used in computers, data centers and other technology products. The $20 billion fundraising gives the company additional financial resources for capital spending, working capital and other corporate purposes.

Kenya to Track Cyber Café Users by ID as New Rules Raise Surveillance Concerns

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From August 14, cyber cafés must register customers and maintain session records, creating a three-year trail of who used which computer and when as Kenya tightens its fight against cybercrime.

Kenya is about to make anonymous internet access harder as the Communications Authority of Kenya introduces new licensing requirements requiring cyber cafés to identify customers and keep records of their sessions.

From August 14, 2026, cyber cafés operating as Public Communications Access Centres (PCACs) will be required to establish a mechanism for registering customers and maintain basic service-use logs. The requirements include the terminal ID and the start and end time of a customer’s session, while expressly excluding personal browsing history from the required session log. Operators must retain records relevant to compliance for at least three years.

The requirements are contained in the Communications Authority’s PCAC Class Licence, issued under the Kenya Information and Communications Act, Cap. 411A. The move puts Kenya’s cyber cafés at the centre of a growing debate over the balance between digital security and personal privacy.

The law behind Kenya’s new cyber café rules

The legal basis for the requirements is important. The Kenya Information and Communications Act, Cap. 411A, provides the statutory framework under which the Communications Authority regulates and licenses communications services. Under Section 24(1) of the Kenya Information and Communications Act, a person may not operate a telecommunications system or provide telecommunications services except in accordance with a valid licence granted under the Act.

It is through this licensing framework that the CA has imposed the new operational requirements on Public Communications Access Centres. The specific customer-registration requirement is contained in Clause 3.1 of the PCAC Class Licence, which requires licensees to put in place a mechanism for registering customers.

Under Clause 3.2, operators must maintain a customer session log containing the terminal ID and session start and end time. Crucially, the licence states that the required log excludes personal browsing history. Clause 3.3 requires licensees to retain records relevant to compliance with the licence for a minimum of three years, while Clause 3.4 requires operators to submit reports to the Authority when requested.

The Authority’s oversight powers are also spelled out in the licence.

Under Clause 5, authorised officers may access a licensee’s premises, systems, records and equipment for purposes including inspection, audit and investigation. Clause 7 provides further inspection and enforcement powers, including action where a licensee breaches the conditions of the licence.

This means the three-year cyber café record-keeping requirement is not a new provision of the Computer Misuse and Cybercrimes Act. It is a condition of the PCAC Class Licence issued by the Communications Authority under the Kenya Information and Communications Act. That distinction matters because it identifies exactly where the requirement comes from and what the Authority is regulating.

From anonymous browsing to identifiable users

Cyber cafés have traditionally offered Kenyans relatively easy access to computers and the internet without requiring them to own a computer or maintain a permanent broadband connection. That role remains important even as smartphone ownership and mobile internet access have expanded. Customers continue to use cyber cafés to file tax returns, access government services, print documents, apply for jobs, scan paperwork and complete online applications.

Under the new requirements, however, visiting a cyber café will leave behind a formal record. Operators must register customers and maintain session information showing which terminal was used and when the session started and ended. That could provide investigators with an additional trail when a computer or public internet connection is linked to suspected criminal activity.

Why the government is tightening the rules

The new requirements arrive as Kenya faces a growing cybercrime problem. Cybercriminals increasingly exploit digital channels for mobile-money theft, identity fraud, SIM-swap attacks, phishing, malware and other forms of online crime.

The Communications Authority’s cybersecurity monitoring system has recorded billions of cyber threat events, reflecting the growing scale of attacks against Kenya’s digital infrastructure. Cyber cafés can present a particular challenge for investigators because shared computers and public internet connections can make it harder to establish who was using a particular terminal at a particular time. The CA’s new requirements are designed to close some of that attribution gap.

But who gets access to the data?

That is where the policy becomes more controversial. A cyber café registration record can contain a person’s name and identification details alongside information showing when they accessed a particular terminal. The three-year retention requirement means operators will be responsible for safeguarding this information long after the customer has left the premises.

The question therefore shifts from simply whether the information should be collected to who can access it, under what circumstances and how securely it will be stored. This is particularly important because cyber cafés range from relatively sophisticated digital service businesses to small neighbourhood shops with limited technical resources. A database created to help investigators trace criminals could itself become a target if operators fail to secure it properly.

The privacy test

Kenya’s legal framework already places obligations on organisations handling personal information. The Kenya Information and Communications Act requires licensees, where applicable, to take necessary steps to secure personal data under their possession or control through appropriate technical and organisational measures.

The cyber café debate is therefore not simply about the CA’s power to impose licensing conditions. It is also about whether operators can collect, retain and protect customer information in a manner consistent with Kenya’s broader data-protection requirements.

The CA’s rules are also narrower than a system that records users’ entire internet activity. Under Clause 3.2 of the PCAC Class Licence, the required session log is limited to information such as the terminal ID and session start and end times and does not include personal browsing history. That distinction will be important in determining how intrusive the new regime ultimately becomes.

Will tracking users actually stop cybercrime?

There is also a practical question over whether the rules will significantly reduce cybercrime. A customer registration system can make it easier to identify the person associated with a particular cyber-café terminal. But criminals can use other channels, including personal smartphones, public Wi-Fi, compromised accounts and stolen identities.

A registered name and ID number therefore do not automatically prove that the individual whose details appear in a cyber-café log was the person who committed an offence. The value of the system will depend partly on the accuracy of the registration process and the ability of investigators to combine cyber-café records with other digital evidence.

A new compliance burden for cyber cafés

The new requirements also add another layer of compliance for cyber café operators. In addition to registering customers and maintaining session records, operators must retain relevant compliance records for at least three years and provide reports to the Authority when required.

For businesses already operating in a market disrupted by smartphones and cheaper mobile data, the additional administrative and data-security obligations could increase operating costs. The new licensing regime is consequently not only a cybersecurity measure. It is also a change to how public internet businesses in Kenya must operate.

Kenya’s new digital trade-off

The government is betting that greater traceability will make cybercrime harder to commit anonymously. Privacy advocates and ordinary internet users, meanwhile, will want assurances that the information collected under the new rules will not become a tool for unnecessary surveillance or expose legitimate users to new data-security risks.

The CA’s decision to exclude personal browsing history from the required session log provides an important boundary.

But the three-year retention requirement still means cyber cafés will become custodians of identifiable customer records for a significant period. For Kenya, the real test will be whether the new system can give investigators a stronger trail to follow without turning every visit to a cyber café into an unnecessarily intrusive record of an individual’s digital life.

5 Key Takeaways

  1. The rules take effect August 14: Cyber cafés operating as Public Communications Access Centres will have to comply with the new PCAC Class Licence requirements.
  2. The legal basis is KICA: The PCAC Class Licence is issued under the Kenya Information and Communications Act, Cap. 411A, with Section 24(1) providing the licensing framework.
  3. Customers must be registered: Clause 3.1 requires operators to establish a mechanism for registering customers, while Clause 3.2 requires basic session logs.
  4. The logs are limited but retained for three years: Clause 3.2 covers terminal ID and session start/end times and excludes personal browsing history, while Clause 3.3 requires relevant records to be retained for at least three years.
  5. The CA has inspection powers: Clauses 5 and 7 provide the Authority with powers relating to access, inspection, audits, investigations and enforcement of the licence conditions.