Sunday, December 21, 2025
Home Blog Page 3

Ringier Sells BuyRentKenya to Rushbox

Sam Wakoba
-
0
Ringier Sells BuyRentKenya to Rushbox

Ringier consolidates its digital marketplaces portfolio across Sub-Saharan Africa and has sold its Kenyan real estate portal, BuyRentKenya, to Rushbox Ltd., who is operating leading real estate platforms in Mauritius and Zimbabwe.

The deal gives Ringier time to strengthen its leading digital marketplaces in jobs and general classifieds under the umbrella of The African Talent Company (TATC).

Rushbox operates PropertyCloud in Mauritius and Property.co.zw in Zimbabwe and will help Rushbox expand into Kenya’s real estate market with relatively smaller players and will help it expand across the region and across Africa.

“Rushbox, led by African tech entrepreneur Garth Drummond, brings significant experience in operating real estate marketplaces in Zimbabwe and Mauritius, offering synergies from which BuyRentKenya will greatly benefit. This step will allow BuyRentKenya to further grow under Rushbox’s leadership while we continue to focus on our strategic priorities around jobs and talents across the Sub-Saharan African Continent,” says Axel Konjack, Head of Marketplaces at Ringier. “We’re convinced Garth and his team are the right partners to further develop BuyRentKenya.”

In 2017, Ringier acquired BuyRentKenya from the founders Jamie Pujara and Nicolas Adamjee who went on to focus on their new ventures.

“Nico and I are extremely pleased that BuyRentKenya will be fully integrated into ROAM. We believe with their leadership, expertise and experience we will take a giant stride forward in realizing our vision of making property search and listing easier and more transparent in Kenya,” Jamie Pujara, Co-founder and CEO BuyRentKenya told TechMoran.

BuyRentKenya, which has operated as a standalone real estate platform within Ringier’s African portfolio, is a strategic step to consolidate resources and focus on scaling its Sub-Saharan African portfolio of jobs and general classifieds platforms. Rushbox will leverage its industry knowledge to further innovate and expand BuyRentKenya’s market position.

“By combining our cross-market expertise and technological strengths with BuyRentKenya’s established brand and local insights, we see a great opportunity to bring new value to the Kenyan real estate market,” Garth Drummond, CEO of Rushbox Ltd.

Reading This Now 511

Safaricom KSh 40B Domestic Medium-Term Note to Deepen Kenya’s Corporate Debt Market

James Musoba
-
0
Safaricom KSh 40B Domestic Medium-Term Note to Deepen Kenya’s Corporate Debt Market

Safaricom PLC recently floated its KSh 40 billion Domestic Medium-Term Note (DMTN) programme to finance or refinance environmentally eligible projects under Safaricom’s Sustainable Finance Framework.

Aimed at strengthening the domestic corporate debt market, the programme enables Safaricom to issue multiple types of bonds, including green, social, and sustainability-linked instruments, in several tranches over time.

The first tranche, a KSh 15 billion “Green Bond” with a KSh 5 billion greenshoe option, offers a fixed, tax-exempt interest rate of 10.4% over five years. The bonds are accessible to retail and institutional investors, with a minimum subscription of KSh 50,000 and top-ups in increments of KSh 10,000.

“Through this MTN programme, we aim to diversify funding sources, reduce reliance on short-term or foreign-currency debt, and support long-term growth, including infrastructure expansion and sustainable operations,” Safaricom said in a statement.

Strengthening Kenya’s Debt Market
The DMTN programme is among the largest corporate bond initiatives in Kenya, signaling the country’s growing fixed-income market. The combination of retail-friendly entry points, tax-free returns, and ESG-focused projects is expected to attract a broad base of investors, providing an alternative to bank financing and foreign debt.

Locally, Safaricom’s move follows similar corporate bond initiatives by firms such as East African Breweries PLC, highlighting an ongoing trend of domestic companies tapping the capital markets to fund growth and infrastructure.

In the global context, Safaricom’s bonds align with emerging-market corporate and green bonds, which generally offer higher yields than developed-market counterparts to offset currency and macroeconomic risks. While developed-market green bonds typically carry lower single-digit yields, they benefit from lower risk and deeper liquidity. The Safaricom MTN, therefore, presents an attractive option for investors seeking competitive returns in an ESG-linked framework.

The launch reflects a maturing Kenyan corporate bond market and increasing investor appetite for sustainable finance. For Safaricom, the MTN programme provides long-term funding for growth while supporting environmentally sustainable initiatives. For investors, it offers an opportunity to earn tax-free returns while participating in projects that align with environmental and social goals.

Reading This Now 530

Zoho Expands Young Creators Program Across East Africa

Brand Voice
-
0
Zoho Expands Young Creators Program Across East Africa

Zoho has expanded its Young Creators Program (YCP) across East Africa, empowering students and professionals with hands-on digital skills in low-code application development.

Through workshops conducted across Kenya, Uganda, Tanzania, and Madagascar, Zoho trained more than 150 participants to design and deploy business-ready applications using Zoho Creator, the company’s low-code development platform.

“Through the Young Creators Program, we are helping students and professionals across East Africa gain the tools and confidence to turn their ideas into impactful digital solutions,” said Veerakumar Natarajan, Regional Manager, Zoho East Africa. “Our goal is to make technology education accessible and practical, empowering young innovators to solve local challenges and shape Africa’s digital future.”

Driving Hands-On Innovation Through AI and Low-Code Technology

Each YCP workshop introduced participants to the power of AI-assisted app development using CoCreator, Zoho Creator’s built-in AI assistant powered by Zia. Attendees learned to build fully functional applications simply by describing their ideas in natural language.

The sessions explored Zoho Creator’s core capabilities—forms, reports, workflows, pages, and analytics—before progressing to advanced topics such as integrations, UI customisation, mobile deployment, and solution management. The initiative encouraged participants to discover how low-code tools can drive entrepreneurship, accelerate digital transformation, and inspire innovation within their communities.

Empowering Entrepreneurship and Innovation in Kenya

In Kenya, Zoho hosted a workshop at EldoHub, which attracted 42 attendees, including developers, entrepreneurs, and professionals eager to explore low-code development. Among the participants was Leonard Bett, one of Kenya’s top steeplechase athletes, who attended to build a digital platform to help manage and analyse athletic performance.

“Zoho’s low-code platform opens opportunities for anyone to innovate, regardless of their background,” said Sarah Towet, Co-Founder & Programs Lead, Eldohub.” Our partnership demonstrates how technology can empower young people and professionals alike to create impactful solutions in their communities.”

Championing Women in Technology in Uganda

In Uganda, Zoho partnered with Analytics Business Centre, a Zoho-authorised partner, to deliver a Women in Software Engineering Uganda edition of YCP. The workshop featured 43 attendees, including students, professionals, and entrepreneurs from diverse sectors.

The session focused on empowering women to leverage low-code development for business innovation, process automation, and digital entrepreneurship—reflecting Zoho’s broader commitment to promoting inclusivity in the technology ecosystem.

“Our collaboration with Zoho aligns perfectly with our mission to upskill and empower women through technology,” said Primera Muthoni, CEO & Founder Women in Software Engineering Uganda. We are proud to see participants leave with confidence and ability to build apps that drive innovation and financial independence.”

Inspiring First-Time Developers in Tanzania and Madagascar

Zoho’s East Africa expansion included its first-ever YCP in Tanzania, held at the Dar es Salaam Institute of Technology (DIT). The workshop trained 24 computer science students in practical low-code app building and digital innovation techniques.

“This program has given our students invaluable exposure to industry-grade tools,” said (Dr. Haji Fimbombaya, Head of Department, Computer Studies – Dar Es Salaam Institute of Technology. “It compliments our curriculum and helps prepare graduates to meet the demands of a rapidly evolving digital economy.”

In Madagascar, Zoho collaborated with its Belgian premium partner, BrainSolutions to conduct a training session in Antananarivo. BrainSolutions has a long-term collaboration with Inclusive Academy from Madagascar, upskilling youth in the region. The event had 27 participants, many of whom were new to programming. The workshop helped them learn how to transform their ideas into functional applications through low-code technology.

“We are proud to witness the impact that initiatives like  YCP can have on young talent in Madagascar,” said Anna Andruamialivelo, Tech Lead at BrainSolutions Madagascar. “Collaborating with Zoho through BrainSolutions has allowed us to introduce accessible, practical, and high-value digital skills to participants who are eager to learn and innovate. Seeing beginners gain the confidence to transform their ideas into real applications using low-code tools has been truly inspiring. This partnership not only strengthens our local ecosystem but also opens new opportunities for the next generation of Malagasy developers.” 

Nurturing Africa’s Next Generation of Creators

The Young Creators Program is part of Zoho’s global initiative to foster digital literacy and innovation among youth. Since its launch in 2022, the program has trained more than 4,000 participants worldwide, equipping them with practical skills to pursue technology-driven careers and entrepreneurial ventures.

Reading This Now 483

Egypt’s Taager Launches in Morocco, Accelerating its MENA Expansion

Ronald Bwire
-
0
Egypt’s Taager Launches in Morocco, Accelerating its MENA Expansion

Taager, an Egyptian e-commerce empowerment platform has officially launched in Morocco to democratize access to e-commerce across the MENA region after its Saudi Arabia and the United Arab Emirates expansion.

Founded in 2019 by Mohammed Elhorishy, Ismail Omar, Abdelrahman Sherief and Ahmed Ismail, Taager helps micro-entrepreneurs, digital marketers and content creators with payments, product sourcing, inventory management, logistics and delivery.

Morocco is an attractive market for as one the regions promising digital economies.

Morocco has been actively pursuing the development of its digital economy over the years, implementing multiple strategies such as e-Maroc 2010, Maroc Numeric 2013, and Maroc Numeric 2020 and the Digital Morocco 2030 Strategy launched on September 25, 2024.

“We see Morocco as one of the most dynamic and exciting e-commerce markets in North Africa, with a young, connected population and a rapidly evolving digital ecosystem.
Our goal is to deliver an inclusive e-commerce empowerment platform that enables anyone to start and scale an online business.” says Abdelrahman Sherief, co-founder of Taager.

With its launch in Morocco, Taager is strengthening its regional footprint and driving to become the leading ecommerce empowerment platform for online sellers in the Arab world.

Salma Ammor will serve as Country Manager Morocco of Taager and the firm is now actively hiring for key roles including media buyers, account managers and telesales specialists.

“Our mission is straightforward: to give every Moroccan – regardless of their starting point – the opportunity to build and grow an online business. We aim to offer a reliable, inclusive and high-performance launchpad for a new generation of Moroccan e-commerce entrepreneurs. Taager will not have local operations in Morocco for now; our presence will be focused on staying close to our community of Moroccan sellers, while operational activities are managed in countries Taager is currently active in within the MENA region” explains Salma Ammor.

Reading This Now 549

Emerging Markets Mobile Boom: How App-Centric Startups Are Growing in 2025–2026

James Musoba
-
0
Emerging Markets Mobile Boom: How App-Centric Startups Are Growing in 2025–2026

Mobile usage has changed the way people behave online all over the world in the last decade. However, in 2025–2026, emerging markets are going through a shift of their own that is faster, more dynamic, and more impactful than what developed markets experienced before. These regions are moving into a mobile-first economy very quickly and often skip stages that took other countries years to reach.

As a result, app-focused startups in Latin America, Africa, Southeast Asia, Eastern Europe, and the Middle East are scaling at a speed that has rarely been seen before. With mobile payments growing and smartphones becoming more affordable, these markets represent one of the biggest opportunities for app-driven growth globally.

This article explores the factors behind the mobile boom in emerging markets, how local conditions shape product strategy, and why mobile-first startups are scaling so rapidly. It also looks at the challenges founders face and how performance marketing, ASO, and user acquisition support this new wave of digital growth.

 

The Acceleration of Smartphone Adoption

The foundation of any mobile ecosystem is access, and emerging markets are seeing dramatic increases in smartphone penetration. Several factors contribute to this:

  • more affordable Android devices
  • government projects expanding broadband and 4G/5G
  • cross-border e-commerce making cheaper models available
  • telecom competition reducing data prices
  • strong cultural reliance on mobile devices

In many of these places, smartphones are not just a technology upgrade. They are the main tool for communication, commerce, education, entertainment, transportation, banking, and even identity verification.

For millions of people, their first connection to the internet happens through a phone, not a laptop. This creates an environment where mobile apps are the most natural way to access digital services.

 

A Mobile-First Population With High App Engagement

Emerging markets are adopting smartphones very quickly, and users in these regions spend significantly more time inside apps than in traditional browser environments. App-centric behavior dominates because:

  • browsing on the mobile web is often slower
  • apps use less data and work better on weak networks
  • many apps offer offline or low-data modes
  • users tend to trust apps more than websites
  • financial apps connect directly to local payment systems
  • most social interactions take place inside apps

For startups, this is a strong advantage. By building mobile-first, teams meet users in the environment where they already spend most of their time, which increases engagement and reduces friction.

 

Large, Untapped Consumer Segments Enter the Digital Economy

The speed at which new user groups join the digital economy is one of the biggest differences between emerging and mature markets. Entire populations that used to have limited or no digital presence are now using mobile services daily.

These new consumers typically:

  • are young (often under 30)
  • are mobile-native
  • skip desktop entirely
  • rely on apps as their default gateway to services
  • adopt new digital habits quickly
  • respond strongly to mobile ads

App-centric startups gain access to large user segments with relatively low acquisition costs and strong lifetime value potential.

 

Growth of Digital Payments and Fintech Infrastructure

Digital payments are a precondition for e-commerce to thrive, and emerging markets are making strong progress here. The rise of digital payments makes onboarding and monetization easier for app-driven businesses.

Growth is driven by:

  • mobile wallets and QR-based payments
  • regional fintech regulations that support innovation
  • state-backed digital ID systems
  • bank APIs that simplify integrations
  • payment super-apps enabling instant transfers
  • alternative credit solutions for underbanked populations

When payments become easier, more people feel comfortable using e-commerce, marketplace, gaming, delivery, and subscription apps. This creates new opportunities across sectors and reduces friction around monetization.

 

Local Problems, Local Solutions: Why Startups Thrive

Startups in emerging markets often succeed by solving highly local problems that global companies tend to overlook. They understand that each region has its own culture, behavior patterns, and pain points.

Examples include:

  • micro-loans tailored to daily wage workers
  • ride-hailing solutions built for cities with limited public transport
  • delivery apps that work in areas without accurate mapping
  • low-data streaming apps for unstable connections
  • local marketplaces with cash-on-delivery options
  • education apps for regions with low school attendance
  • agriculture platforms for rural communities

These problems can’t be solved using Western-designed playbooks alone. They require local insight, and app-centric startups in emerging markets are often best positioned to provide it.

 

Competitive Advantages That Emerging Market Startups Hold

Despite the mix of challenges and opportunities, mobile-first companies in emerging markets have several strong competitive advantages, such as:

  • less competition in many categories compared to saturated Western markets
  • faster adoption cycles, especially among younger demographics
  • more flexible regulatory environments in early stages
  • lower user acquisition costs, especially for gaming and utility apps
  • rapid word-of-mouth growth in dense urban areas
  • higher willingness to try new apps due to fewer legacy services

All these factors help startups scale quickly if they position themselves well and build around real mobile behavior.

 

The Role of User Acquisition in Emerging Markets

As millions of new mobile users enter the market every year, user acquisition becomes a critical growth lever. However, emerging markets differ from Western ones in terms of channels, costs, behavior, and creative preferences. UA strategies must adapt.

Effective mobile user acquisition in these regions usually includes:

  • Meta and Google installs as core channels
  • scalable TikTok performance campaigns
  • OEM placements (Xiaomi, Oppo, Huawei, Vivo, Transsion)
  • local ad networks optimized for specific countries
  • influencer-driven installs
  • hyperlocal targeting around cities or regions
  • creatives tailored to local languages and cultural cues

Startups that simply copy the UA strategy they used in Europe or the US often struggle. The most successful companies invest in localization, creative testing, and regional segmentation.

This is where experienced mobile marketing partners become invaluable. Agencies such as Mobihunter help app-centric startups run user acquisition campaigns that reflect the realities of emerging markets. Their work with mobile-first products shows how media buying, ASO, and creative optimization can be combined to scale in fast-moving, competitive environments.

In fast-growing markets, many startups partner with specialized mobile marketing agencies to accelerate user acquisition without overspending. One example is Mobihunter, a performance-driven agency that works with app-first companies to run localized UA campaigns, optimize creatives, and build ASO strategies tailored for emerging regions. Their experience across LATAM, SEA, MENA, and Eastern Europe shows how a smart mix of data, testing, and regional insight can help startups scale efficiently even in highly competitive categories.

 

The Rise of Super-Apps and Platform Ecosystems

In several emerging economies, super-apps are rapidly becoming the main digital platforms. These apps bundle multiple services  payments, delivery, mobility, banking, entertainment, communication  into a single mobile ecosystem.

Some examples include:

  • Gojek and Grab in Southeast Asia
  • M-Pesa-based platforms in East Africa
  • the Mercado Libre ecosystem in LATAM
  • Careem in MENA

Super-apps succeed because they reflect how users interact with their phones. A single app can become:

  • a wallet
  • a delivery solution
  • a marketplace
  • a transportation hub
  • a social environment

For startups, this is a double-edged sword. Partnering with a super-app can unlock access to huge user bases, but it can also create dependence that limits long-term freedom. Success depends on balancing reach with strategic control.

 

E-Commerce and Delivery Apps Leading Market Growth

E-commerce, delivery, and logistics apps have become major drivers of app market growth across emerging regions. Their expansion is fueled by:

  • improved last-mile infrastructure
  • demand for instant or same-day delivery
  • the rise of “dark stores” in large cities
  • widespread use of mobile payments
  • cultural habits built around convenience

This growth is especially strong in places with dense populations and limited traditional retail. For many people, delivery apps are their first digital service. Over time, they expand into other verticals such as:

  • groceries
  • pharmacy
  • restaurant delivery
  • parcel shipping
  • quick commerce

Startups that move early and execute well can not only survive, but scale as the market grows.

 

Education, Health, and Government Services Moving to Apps

Beyond commerce and entertainment, mobile platforms are also reshaping essential services.

EdTech apps.
Online tutoring, exam preparation, micro-learning, and skills development apps are growing fast in markets with young populations and gaps in traditional education systems.

HealthTech apps.
Telemedicine, diagnostics, appointment booking, and insurance management apps help address critical public health issues.

GovTech apps.
Digital ID, tax, and document management apps simplify processes that used to be slow and bureaucratic.

These sectors are gaining traction quickly because mobile apps offer faster, cheaper, and more accessible solutions than offline alternatives.

 

The Importance of ASO in Emerging Markets

In app-driven economies, discoverability is a key success factor. App Store Optimization is crucial for reaching new audiences, especially in markets where:

  • users rely heavily on app stores to discover products
  • competition is increasing within key categories
  • metadata and visuals strongly influence conversion
  • reviews and ratings are primary trust signals
  • brand awareness is still relatively low

ASO works as both a defensive and offensive growth tool. It helps startups gain visibility in crowded categories and supports paid UA by improving install rates and lowering CPIs.

For many early-stage companies, ASO is one of the most cost-effective ways to compete with larger brands.

 

Challenges Facing Startups in Emerging Markets

Despite the huge opportunities, founders in emerging markets face real challenges, including:

  • unstable or expensive data plans
  • payment fragmentation
  • device fragmentation (hundreds of Android models)
  • inconsistent network speeds
  • trust issues around digital transactions
  • language diversity
  • limited access to early-stage capital

Scaling in these environments requires adapting to these constraints instead of relying on assumptions shaped by Western markets.

 

The Future: What to Expect in 2026 and Beyond

As we move further into 2026, several long-term trends will continue shaping mobile growth in emerging markets:

  • deeper penetration of ultra-budget smartphones
  • rapid expansion of 5G networks
  • growing demand for mobile-first financial services
  • more investment from global tech companies in local ecosystems
  • stronger local developer communities
  • more cross-border regional markets (for example, MENA, LATAM, ASEAN)
  • wider adoption of subscription models as disposable income grows

Mobile-first behavior is only going to deepen. Startups that invest early in product quality, performance marketing, ASO, and localization will be best positioned to win in the long term.

 

Conclusion

Emerging markets offer a major opportunity for mobile-first startups in 2025–2026. With millions of new users coming online each year, rising smartphone penetration, better payment infrastructure, and many unmet local needs, these regions are entering a new phase of digital expansion.

Startups that build app-centric products, understand local behavior, invest in user acquisition, and adapt to cultural and infrastructure realities can grow very quickly. With the right partners  for example, specialists like Mobihunter, who focus on ASO, creative optimization, and mobile marketing  companies can scale faster while keeping acquisition costs under control.

The mobile revolution in emerging markets is still in its early stages. In the coming years, these regions will not only contribute to global app growth  they will set many of the trends that define it.

 

 

Reading This Now 656

What Every Construction Company Should Know About Fuel Tracking Systems

James Musoba
-
0
What Every Construction Company Should Know About Fuel Tracking Systems

Fuel is a fundamental economic driver, serving as an energy source for several industries. Construction companies, for one, rely on fuel to power machinery and vehicles that are essential to their operations. As such, fuel is a major expense for these companies, making fuel management critical in maintaining efficiency and reducing costs.

To optimise their resources, construction companies can leverage a fuel tracking system that offers real-time monitoring and detailed reporting, helping manage costs and enhance productivity, while promoting transparency and compliance.

In this article, we’ll explore the role that a dedicated fuel tracking system plays in construction operations and offer practical insight into how companies can benefit from adopting one.

Fuel as an Essential Component of Construction Operations

Fuel is the lifeblood of a construction business, with almost every activity depending on this energy source. Heavy equipment such as excavators, dump trucks, and cranes, as well as site vehicles, all require fuel to function. This constant demand easily makes fuel one of the largest variable operational costs for construction companies.

Without proper fuel management, companies may face project delays due to equipment downtime, unauthorised refuelling, or inefficient supply logistics. Furthermore, a lack of visibility into fuel usage can erode margins quickly. For construction companies, recognising fuel as a critical resource rather than just a consumable is the first step toward more controlled and efficient operations.

The Role of Fuel Management in Construction Companies

In a construction context, fuel management goes beyond simply ordering and tracking deliveries. It also involves monitoring fuel consumption, scheduling refuelling operations, controlling access to fuel tanks and pumps, and integrating fuel data into cost calculations and site logistics. A well-structured fuel management process provides project managers and site supervisors with the right tools to identify issues and maintain operational momentum.

In contrast, poor fuel management may lead to unexpected fuel shortages, delays, and difficulty tracking which machine or operator is responsible for a specific fuel usage. These issues can translate into hidden costs and compromised productivity.

How Fuel Tracking Systems Strengthen Operational Efficiency

A fuel tracking system supports fuel management by providing real-time visibility into fuel usage, inventory levels, dispensing events, and equipment operating hours. For a construction firm, this means quick detection of anomalies such as sudden drops in fuel levels, unauthorised use of equipment, tampering, or extended idling periods.  This level of insight helps site managers optimise refuelling schedules and coordinate fuel availability with equipment usage patterns, reducing downtime and avoiding shortages.

Moreover, tracking systems can integrate with telematics and fleet-management tools, enabling meaningful data to flow into operations planning rather than remaining in static spreadsheets.

Cost Control Through Accurate Fuel Monitoring

Fuel tracking systems help construction companies gain control over one of their most fluctuating cost centres. These systems measure consumption per machine, per job site, per operator, and correlate fuel usage with equipment hours, helping managers identify inefficiencies and take corrective action. These features are useful for identifying high idling hours, fuel theft, or inefficient routing of site vehicles.

Furthermore, tracking systems support more accurate budgeting and forecasting, making fuel consumption a predictable metric rather than an estimate.

Supporting Accountability and Compliance

Construction companies must often operate under various regulatory and contractual requirements that involve environmental emissions, fuel storage safety, and site audit readiness. A fuel tracking system delivers the transparency needed for compliance with minimal manual effort.

In addition, construction firms benefit from maintaining a chain of custody for fuel usage through real-time, accurate data on who accessed the pump, how much fuel was dispensed, and which job it relates to. This level of detail supports internal governance and discourages unauthorised use, helping strengthen external audit positions. With environmental reporting increasing in importance, having fuel-usage data at hand gives companies an operational and reputational advantage.

Choosing a Fuel Tracking System That Meets Construction Needs

Selecting the right fuel tracking system is crucial for construction companies where site conditions, mobile assets, and varied refuelling points create complexity. Among the key features to look for are real-time monitoring, integrations with telematics/fleet-management tools, mobile or site-based refuelling support, secure access controls for pumps and tanks, and the ability to segment data by job site, equipment, and operator.

Additionally, construction companies should evaluate providers with experience in their industry rather than generic fleet-solutions providers.

Fuel is a main driver of operations as well as costs for construction operations. When construction companies adopt a reliable fuel tracking system, they benefit not only from monitoring and control but also from transparency and insight that result in informed business decisions. These choices support compliance, promote accountability, and maintain efficiency, helping construction companies manage costs and remain competitive. Ultimately, a fuel tracking system is not just a fuel management tool but an investment in the stability and sustainability of the construction business.

Reading This Now 331

AERC Launches African Private Sector Platform, a Research Portal for Economists, Scholars & Policymakers

Partner Content
-
0
AERC Launches African Private Sector Platform, a Research Portal for Economists, Scholars & Policymakers

The African Economic Research Consortium (AERC), has unveiled its new African Private Sector Platform (APSP) to deepen collaboration between AERC researchers and Africa’s private sector.

The platform will bring together eminent Economists, Policymakers, Scholars, Private Sector leaders and development partners and connect them to real-time data, insights and collaboration tools.

The portal will act as a one-stop hub for research, data, policy papers and cross-border collaboration and act as a central research nerve centre for universities, central banks, ministries and scholars to accelerate data-driven research, digital policy dialogue and economic training, research and policy.

“Today marks a significant milestone for AERC as we convene partners and stakeholders to reflect on our mission and unveil our new 10-year strategy. This strategy reinforces our dedication to nurturing world-class African economists, deepening policy engagement, and ensuring that African perspectives shape regional and global economic discourse. The launch of our new Private Sector Platform further strengthens this commitment by creating a structured avenue for collaboration with industry, enabling evidence-informed advocacy and unlocking new opportunities for innovation and competitiveness across the continent,” said Prof. Arteey.

The AERC Research and Policy Summit will explore pathways to sustainable and inclusive economic growth while mainstreaming AERC’s role as an economic policy think tank. This year’s Research and Policy Summit is also aligned with the new AERC 10-year Strategic Plan (2025-2035).

National Treasury Cabinet Secretary John Mbadi in a speech delivered by the State Department for Economic Planning Principal Secretary Bonface Barasa Makokha, said, “Africa’s Moment is Now: Let us not be defined by our challenges, but by our courage. Let us not inherit development models—we must invent them to deliver Africa’s economic prosperity.”

CS Mbadi decried the African continent’s overreliance on foreign aid and called for a new chapter of self-reliance, innovation, and sustainable growth.

“Kenya, like other African countries, is not poor in resources. We are, for instance, rich in human talent, in fertile land, in digital creativity, and in entrepreneurial spirit.” He added, “What we need is not more aid, but more courage to harness what we already have. This is not just about money—it is about dignity. Generating our own resources means charting our own destiny, setting our own priorities, and building resilience against global shocks.”

The speech was delivered at AERC Research and Policy Summit 2025, a three-day summit that kicked off in Nairobi today, bringing together eminent Economic Policy leaders and stakeholders.

The Summit brought together international and local Economic Policy leaders and stakeholders to explore pathways to sustainable and inclusive economic growth.

Dubbed “A Renewed AERC for Africa’s New Development Priorities”, the summit is touted as a timely platform geared at fostering stakeholder support to address pressing macroeconomic and development challenges in Africa.

Eminent leaders attending the hybrid AERC Research and Policy Summit include AERC Board Chair and Emeritus Professor, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, Prof. Ernest Aryeetey, Reserve Bank of South Africa, Governor, Dr Lesetja Kganyago, Bank of Uganda Governor, Dr Michael Atingi-Ego, Vice Governor of the Bank of Central African States, Michel Dzombala and Deputy Governor, Central Bank of Zambia, Dr Francis Chipimo, among others.

“Through the integration of research excellence, mentorship, and capacity building, the AERC aims to nurture a new generation of African economists ready to conduct frontier research, lead economic policy engagement and drive sustainable development efforts across Africa, “said Prof. Murinde.

AERC also unveiled its AERC Strategic Plan 2025-2035 to scale up active engagements in the private-sector-led economic transformation agenda across Africa.

The 3-day Summit will feature a series of parallel sessions showcasing new research across AERC’s core thematic areas: macroeconomic policy, trade and regional integration, labour markets and human capital, climate change and resilience, and financial sector development and the digital economy.

 

Reading This Now 293

Safaricom Targets Public Wi-Fi Market With Low-Cost Fibre & Pay-As-You-Go Hotspots

Ronald Bwire
-
0
Safaricom Targets Public Wi-Fi Market With Low-Cost Fibre & Pay-As-You-Go Hotspots

Safaricom Plc is set to launch a token-based home internet and public Wi-Fi service, moving into Kenya’s low-income broadband segment, according to sources familiar with the matter.

The rollout introduces $6.15 (KES 800) monthly home fibre plans and micro-priced tokens designed for households with irregular incomes, allowing users to pay for internet in small, manageable amounts. Tokenized public Wi-Fi will be available in denominations ranging from $0.12–$0.77 (KES 15–100), targeting families and small businesses that cannot afford fixed broadband.

The move intensifies competition with Wi-Fi vendors, street resellers, and budget ISPs such as Poa, Mawingu, and Vilcom, which have dominated the informal settlements. While these providers charge $9–$12 (KES 1,200–1,600) per month for entry-level packages, and street vendors sell hourly access for $0.19–$0.31 (KES 25–40), Safaricom’s offering undercuts them with more affordable, regulated, and reliable connectivity. Analysts say the telco’s entry could disrupt the informal internet market, forcing small vendors to lower prices or exit, while giving consumers access to a more stable, scalable, and regulated service.

Starting in affordable housing developments and underserved urban areas such as Mukuru Boma Yangu, the telco plans to expand into densely populated zones over time. Safaricom’s model aligns with its broader digital inclusion goals, providing flexible, low-cost access to reliable internet for low- and irregular-income households.

 

Reading This Now 463

How Online Casinos Thrive Through Their Communities

Ronald Bwire
-
0
How Online Casinos Thrive Through Their Communities

In this day and age, an online casino can easily be considered as a trendy activity. After all, it is one of the most popular activities that most mobile smart devices can host, basically an essential tool for everyday life. Some circles would say digital websites and mobile casinos like betway are one of the trendiest activities today and these circles are also responsible in not just keeping the industry afloat, but in helping it grow and improve.

Indeed, there are a lot of benefits in keeping a community healthy and in the online gambling industry, there are incredible benefits to reap from it. Obviously, it is a relationship between two parties, so there will be an emphasis in reciprocation for it to be beneficial. Once it flourishes, growth, to say the least, will take place!

The giving part

Digital websites and mobile apps like betway must give a product or service for them to take in profits. They are a business, after all, and they need this to expand or improve their products. Which is why it is in their best interest to “give” something of value to a community that they have managed to amass. It is, simply, an investment.

There are different kinds of community investments that an online casino could make. But one of the most invaluable areas for online casinos to invest in is their security. The best digital websites or mobile apps like betway tanzania have intense security protocols that are active all the time to create a secure environment for players. Investment in security measures can also act as a statement that the establishment is making efforts to create a safe and secure space for its community to enjoy.

Obviously, this is just one part of the equation to build and sustain a community. But once security is in place, the gambling establishment can now focus on improving its products and it is one of the more exciting areas to invest in! Developments such as streaming technologies or incentivizing user data are just some of the ways to make sure that an online casino is always engaged with their community.

The taking part

When it is time to recognize that the investments have come into fruition, online casinos will realize that there is more to collect than just income alone. Communities tend to engage in discussion amongst themselves, not just with the online casinos, and they have invaluable opinions that synthesize which then becomes insightful feedback for the establishment to build upon. This is one of the most crucial products that a community can give to the industry, since online gambling platforms can reflect on these to improve their services.

Once a community finds comfort in an online casino’s services, chances to reap positive publicity may arise. The community can turn as an effective orientation for casual audiences to find enjoyment behind the fun games that an online casino could offer!

Reciprocation is important in every relationship and it is not an exception in the online gambling industry. But like any healthy relationship, the community will give back when it is nurtured.

Reading This Now 315

7 Women Entrepreneurs Raise KES 9.1 Million Standard Chartered

Sam Wakoba
-
0
7 Women Entrepreneurs Raise KES 9.1 Million Standard Chartered

 Standard Chartered Kenya, in partnership with @iBizAfrica – Strathmore University, have announced Cohort  8 of the Women in Tech (WiT) Accelerator Programme, awarding them KES 9.1 million in seed funding.

The seven women-led ventures received KES 1.3 million each plus tools, training and networks to help them scale.

According to Dr. Joseph Sevilla, Director @iLabAfrica and @iBizAfrica – Strathmore University, “These women are reimagining industries and rewriting the story of African innovation. Their courage, creativity and commitment to impact reflect the very essence of Strathmore University’s mission to develop leaders who transform society. When women rise in technology, entire communities rise with them.”

The eighth cohort, launched in July 2025, received 84 applications from women-led enterprises across Kenya, with fifteen selected for a 12-week business accelerator programme focused on sustainability, ESG integration, financial and business modelling and product development.

According to a World Bank study, Women-owned businesses in Sub-Saharan Africa contribute up to 13% of Gross Domestic Product [GDP] and generate 23% less revenue than male-owned firms, highlighting a KES 41 trillion [$316 billion] opportunity, if the gap closes and with further digital adoption.  

The 7 winners include Etiba East Africa which provides in-home medical and wellness services for patients needing personaliSed, convenient health support; UzimaNexus, a digital operating system improving healthcare transparency, access, and efficiency for patients and providers; Pollen Patrollers, which builds smart hive-monitoring technology to help beekeepers reduce colony loss and improve bee health and Tuwe Bora, a sustainable textile brand producing handcrafted clothing, training tailors, and recycling textile waste.

The rest include Busu Skincare which develops natural, community-powered African skincare products using locally sourced ingredients; Timao Group which converts plastic waste into affordable, eco-friendly building materials for sustainable construction and AshaCare which provides tailored community healthcare solutions to improve access, quality, and delivery of care. 

Since 2017, the programme has received over 1,621 applicants, successfully supporting 8 cohorts [93 women-led ventures] with 46 businesses receiving a total of KES 50.6 million [USD460,000] in funding. These startups have also benefitted from non-financial expertise including mentorship, business advisory, coaching, networking and investor opportunities.

The 15 startups in this cohort represent Kenya’s most dynamic sectors including  education, health technology, community care, sustainability, food innovation and creative industries. Their solutions respond directly to Kenya’s evolving social and economic needs, with technology as a central enabler. The seven awarded women-led startups demonstrated excellence based on top three criteria; solution innovation, availability of market opportunity and social impact in Kenya, among others.

Standard Chartered data shows that WIT alumni have gone on to create on average three new jobs per businesses, creating a total of 280 jobs. Bena Care Ltd, an outstanding WIT alumnus that offers affordable home-based nursing care and in-home therapy for patients in need of long-term care, has gone on to generate over KES 2.47billion in annual revenue.

Standard Chartered Kenya Board Director Nivi Sharma said: “Every woman graduating today represents resilience, vision and the power of possibility. It is an honour to celebrate innovators who are breaking barriers and creating impact in their communities. Through the Women in Tech Programme, Standard Chartered continues to invest intentionally in women because we know that when women lead, innovation becomes more inclusive, sustainable and far-reaching. These graduates are setting the pace for Kenya’s  future.” 

Reading This Now 470

FSD Africa Launches $30 Million Inclusive Insurtech Fund

Ronald Bwire
-
0
FSD Africa Launches $30 Million Inclusive Insurtech Fund

FSD Africa has launched a new $30 million fund to invest in the insurtech sector, accelerate insurance innovation and close the continent’s protection gap.

The Inclusive Insurtech Investment Fund (3iF), is targeting early-stage insurtech startups that expand insurance access, affordability, and awareness – particularly in climate resilience, health, and financial inclusion among underserved populations.

According to Kelvin Massingham, Director, Adaptation and Resilience, FSD Africa,“The launch of the 3i Fund opens an exciting new chapter for insurance innovation in Africa. By investing in the next generation of insurtech pioneers, we are unlocking opportunities to expand access, affordability, and resilience for millions across the continent. Our goal is to empower visionary startups to transform how insurance works for everyone—driving inclusive growth, climate resilience, and financial security for Africa’s future.”.

3iF aims to bridge the financing gap that prevents promising tech-enabled solutions from scaling and addressing Africa’s substantial insurance protection gap. 3iF will build on the BimaLab Accelerator Programme, which has supported over 135 startups in 28 countries to date,and will launch in January 2026.

Africa faces a major protection gap, with insurance penetration below 3% in most countries. This leaves individuals, small businesses, and vulnerable communities exposed to risks they cannot recover from quickly. Around 80% of economic losses from natural disasters went uninsured in 2022, up from 58% in 2021.

Launched in Kenya in July 2020 by the IRA and FSD Africa, the BimaLab Accelerator Programme has become Africa’s leading insurance innovation platform. It aims to harness technology innovations that increase insurance penetration among low-income and underserved communities and is a key component of FSD Africa’s mission to build resilient, inclusive financial markets across the continent of Africa.

BimaLab was created to foster innovation and accelerate the development of insurtech product development and distribution, helping startups to scale and develop market-ready solutions, and supporting regulatory engagement and inclusivity throughout the insurance sector.

“Our vision when we launched in 2019 was to insure 1 billion people across the continent, and already, with BimaLab’s ongoing support, we have successfully expanded to Uganda, Nigeria and Ghana, and are now insuring over 1 million customers and processing over 20,000 claims. We are proof that this programme really works.” said Ted Pantone, CEO and Co-founder of Turaco, a Kenyan micro-insurance company showcasing its innovative insurance products at the Summit.

Reading This Now 528

Grofunder Africa Crowned Overall Winner of the Verto Awards

Ronald Bwire
-
0
Grofunder Africa Crowned Overall Winner of the Verto Awards

Grofunder Africa, a Kenyan peer-to-peer agri-financing platform enabling investment in smallholder commercial farmers, was crowned overall winner of the Verto Awards, taking home the grand prize of USD10,000.

Grounder Africa beat Train Your Brain (TYB), a mental health platform offering therapy services across Africa, as the 1st Runner-Up with $3,000 and Green Voyage, a climate-tech startup enabling organisations to manage, verify, and monetise carbon offset projects which was the 2nd Runner-Up, with $ 2,000.

The inaugural Verto Awards 2025, recognised the most promising early-stage startups from Kenya, Nigeria, and South Africa’s fintech, agritech, healthtech, and climate-tech evolution.

According to Kelvin Dol, CEO of Grofunder Africa Ltd, “This award is a powerful validation of our mission to bridge the financing gap for smallholder commercial farmers. At Grofunder, we believe agriculture can fuel Africa’s economic transformation when farmers are empowered with the right financial tools. The support from Verto helps accelerate that vision and brings us one step closer to creating a thriving, inclusive agricultural ecosystem.”

Drawn from a highly competitive pool of applicants from the finalists exemplified strong market traction, innovative business models, and high potential for scalable, sustainable impact. The awards, launched on February 6th, 2025, targeted startups operational for at least two years and addressing critical challenges across finance, agriculture, health, climate, and digital commerce.

Grofunder impressed judges for its pioneering role in unlocking financial access for farmers and strengthening agricultural value chains. Train Your Brain earned accolades for its technology-first approach to tackling Africa’s mental health gap, while Green Voyage stood out for offering measurable, technology-driven climate solutions.

A panel of leading investors and digital economy experts judged the startups based on innovation, demonstrated need, sustainability, scalability, and social impact. “Every finalist demonstrated remarkable ambition and technical clarity, making the judging process both exciting and extremely competitive,” says Arthur Chupeau, Managing Partner, Baobab Network, and a member of the judging panel. “The impact-driven mindset we have seen is exactly what will drive the next wave of transformative African businesses.”

Ola Oyetayo, CEO and Co-founder of Verto, has praised the exceptional calibre of ventures showcased this year. “This inaugural edition of the Verto Awards has revealed just how much innovation, resilience, and global ambition exists within Africa’s early-stage startup ecosystem. The calibre of founders we have seen this year has been exceptional. As these businesses grow, expand, and strengthen international ties, we remain committed to providing the financial infrastructure that helps turn their global ambitions into reality.”

Reading This Now 531

Chui Ventures Raises $17.3 Million to Invest in African Tech Startups

Sam Wakoba
-
0
Chui Ventures Raises $17.3 Million to Invest in African Tech Startups

Chui Ventures, a Pan-African seed-stage venture capital fund has raised $17.3 million to back local African founders building mass-market, tech-enabled solutions across Sub-Saharan Africa.

The fund, which surpassed its original target of $10 million, was raised from Family offices, and over 30 High-Net-Worth individuals, including the Mastercard Foundation Africa Growth Fund and the Michael & Susan Dell Foundation.

“Chui Ventures exemplifies the next chapter of African venture capital; local capital allocators backing local founders to deliver transformative mass-market solutions. Their focus on gender and youth inclusion ensures both outsized returns and lasting social impact,” said Dr Dorothy Nyambi, CEO, MEDA – Mastercard Foundation Africa Growth Fund.

Chui’s strategy focuses on tech-enabled products for everyday consumers and MSMEs, where leapfrogging is most pronounced.

Since its first close in February 2023, and over the last 30 months, Fund I has already deployed 60% of its committed capital. and has invested in 18 of a targeted 22 portfolio companies across 5 countries in Sub-Saharan Africa. Five portfolio companies have already raised follow-on rounds at higher valuations, and several are either profitable or on track to profitability within the next 12 months.

Its portfolio includes Nigeria’s online grocery platform Pricepally, Kenya-based supply chain SaaS Leta,  Uncover, a Skincare brand for African women and Flex Finance, a SaaS platform for managing spending.

“Chui backs local founders who know exactly what their communities need – and have the bold ideas and drive to deliver,” said Thashlin Govender, Senior Director at the Michael & Susan Dell Foundation. “Their businesses are creating jobs, growing incomes, and fueling opportunity where it matters most.”

Chui Ventures is led by Joyce-Ann Wainaina, General Partner, who brings more than two decades of leadership in African banking and global finance. She previously served as Managing Director for Citibank Sub-Saharan Africa and CEO of Citibank East Africa, is a Senior Fellow at Yale University’s Jackson School of Global Affairs, and was recognized as ‘Woman Investor of the Year 2023’ by the East Africa Venture Capital Association (EAVCA).

After the successful close of Fund I, Chui Ventures is launching Fund II, targeting $60 million (with a hard cap of $100 million). The next fund will maintain a similar core strategy while expanding into North Africa and sharpening focus on financial services, B2B Software, Digital commerce, and Climate-Tech. The fund will also target stronger ownership positions.

“Our vision at Chui is simple but powerful: For Africa, by Africa,” said Joyce-Ann Wainaina, General Partner of Chui Ventures. “We believe African founders are best positioned to solve Africa’s challenges at scale, and Fund I is proof that global and local investors share this conviction. As we look ahead, we will continue to double down on technology-driven ventures that deliver both returns and measurable social impact.”

Reading This Now 518

Safaricom’s DigiFarm Launches Jipange Cash Advance to Ease Tea Farmers’ Cashflow Gaps

Ronald Bwire
-
0
Safaricom’s DigiFarm Launches Jipange Cash Advance to Ease Tea Farmers’ Cashflow Gaps

Safaricom’s agritech platform DigiFarm has launched a cash-advance product aimed at easing short-term cashflow pressures for Kenya’s smallholder tea farmers, whose incomes are often delayed between crop delivery and factory payouts.

The facility, branded Jipange Cash Advance, is being rolled out in partnership with Access Bank and participating tea factories. It allows farmers to access funds through M-Pesa based on the tea they have already delivered, with repayment deducted automatically once factories release payments.

Tea supports nearly one million growers and more than 6.5 million dependants, according to the Tea Board of Kenya, and contributes over KSh 200 billion annually to the economy. However, many smallholders face cash constraints because of prolonged payment cycles.

“Our farmers work tirelessly every day, yet many still struggle to make ends meet because of delayed payments,” Safaricom CEO Peter Ndegwa said. “Jipange Cash Advance will provide greater peace of mind, ensuring farmers can put food on the table, pay school fees and plan for their families.”

The product has been piloted across four tea factories in the Rift Valley. DigiFarm plans to scale it nationwide and later adapt the model for dairy farmers.

Farmers in partner factories and dairy cooperatives can access the service by dialing *944# on their phones.

Reading This Now 526

Proparco Backs BasiGo to Scale Mass Public Transport in Africa

Ronald Bwire
-
0
Proparco Backs BasiGo to Scale Mass Public Transport in Africa

Proparco has backed e-mobility start-up BasiGo to scale mass public transport in African cities, reducing emissions significantly across rapidly growing urban areas.

Proparco says the investment in BasiGo, a Nairobi-based e-mobility start-up providing electric bus solutions for public transport operators in Kenya and Rwanda, will help the firm expand its electric bus fleet in Africa, with 100 electric buses already deployed across Kenya and Rwanda.

“By supporting BasiGo, we are helping to unlock a new generation of clean, reliable mass public transport solutions for tens of thousands of passengers in Kenya and Rwanda, and to scale this solution in other African cities,” said Jean Guyonnet-Dupérat, Regional Director for East Africa at Proparco. “

The company locally assembles electric buses, develops and operates charging infrastructure, and partners with bus operators to offer a cost-effective electric alternative to diesel for mass public transport in African cities.

Launched in 2021, BasiGo’s electric buses reduce CO₂ emissions by an estimated 70–90% compared to diesel buses, improved road safety, and public health through reduced air pollution.

“BasiGo’s locally assembled electric buses cut emissions, improve air quality, and support quality jobs—fully consistent with Proparco’s mandate on the continent, the Choose Africa initiative, and our commitments under the Paris Agreement.”

Proparco’s investment in BasiGo is undisclosed but it commits around €1bn per year to transport and mobility worldwide. In cities such as Dakar and Bogotá, Proparco supports private operators, notably through PPP arrangements, helping to scale electric bus systems and to make public transport more sustainable, affordable and inclusive.

With over 100 electric buses in operation across Kenya and Rwanda, BasiGo says each BasiGo electric bus mitigates more than 50 tCO₂e per year; in total, over 3,000 tCO₂e avoided to date. The firm is also working with 29 operators benefiting from buses that deliver approximately 40% annual operating cost savings.

“Proparco’s investment is a powerful endorsement of the future we are building for African cities,” said Jit Bhattacharya, CEO and Co-Founder of BasiGo. “It is a strong validation of our model and a catalyst for the next phase of growth: scaling local assembly, expanding our charging network, and accelerating our Road to 1000 electric buses.”

Reading This Now 476

Smart Currency Trading Strategy in Kenya: A Beginner’s Guide to the Forex Market

Ronald Bwire
-
0
Smart Currency Trading Strategy in Kenya: A Beginner’s Guide to the Forex Market

 

The financial landscape in Kenya is growing rapidly, and many new traders are exploring forex to build wealth. It doesn’t matter if you’re a curious beginner or already a veteran trader working on sharpening your skills, understanding how to use a solid currency trading strategy can enable you make more confident and better decisions.

Understanding how forex strategies work

So, what is a good forex strategy? It is crucial to have a clear answer to this question before you can even choose the best currency trading strategy for you.

We can define a forex strategy as a plan that guides your entry, exit and risk rules in the foreign exchange market. It acts as a roadmap that assists you in approaching trades with a structured approach, not an impulsive one.

Many Kenyans can now access forex trading due to the availability of reliable online platforms. The common approach for most of the traders is to start by studying price patterns, market trends and risk controls.  Although beginners work based on guesswork at times, experienced traders employ proven methods that offer them a clearer sense of direction.

Why traders in Kenya need a practical approach

Given the mass of information available, forex can feel overwhelming at first. The crucial thing is to begin with simple systems before exploring all forex trading strategies used by professionals.  Some of the approaches like trend analysis, momentum trading and breakout setups are common as they are easy to learn and test.

In the process of learning how to trade and adopt smart strategies, you should consider exploring proven methods used worldwide. You also need to identify a dependable platform that provide tools, charts and even educational resources.

You can try to experiment with your currency trading strategy on a demo account to build your confidence and sharpen your skills without financial risks.

Top strategies that Kenyan beginners can try

When it comes to forex trading, different systems work for different personalities. While some require patience, other rely on quick reactions.

Here are top 5 forex strategies trader can use in Kenya:

  1.   Trend-following: This is ideal for traders who prefer calm decision-making. The methods focus on identifying short or long market movements.
  2.   Scalping approaches: These are all about taking multiple small trades throughout the day.
  3.   Breakout setups: These are useful for identifying strong price shifts once markets pause.
  4.   Swing trading: These works for traders who like holding trades for several days.
  5.   New-based plans: These strategies rely on economic reports, interest rate statements and local developments.

As you build your skills and experience, you can explore additional systems and fine tune your choices until you identify the top forex strategies that suits your style.

Tips for trading safely and growing gradually in Kenya

The tips below can help you, as a Kenyan beginner trader, to trade safely and grow gradually:

Start with the basics

It is crucial to learn how forex works before you place your first trade. You should understand key concepts such as currency pairs, pips, order types and leverage and spread. Fortunately, there are plenty of free resources, including videos, demo accounts and tutorials that can be a good starting point.

Use a clear strategy, not guesswork

You need to identify a structured plan like breakout approach or trend-following and stick to it for some time. A strategy gives you rules for entering, exiting and managing risks so you avoid emotional decision making.

Practice on a demo account first

With a demo account, you can trade using virtual money in real market conditions. This allows you to test your strategies, build confidence, learn platform features and make mistakes with no loss of real money. Use demo accounts until you can trade comfortably and understand why you make each decision.

Manage your risks

To be safe as you trade forex in Kenya and elsewhere, manage your risks by taking measures such as using stop-loss orders, risking a small percentages of your account per trade. Also, avoid high leverage until you’re well experienced.

Choose a reliable forex broker

While regulations are improving in Kenya, there are both unreliable and trustworthy brokers in the market. As you look for a broker, check that they offer clear fee structures, fast deposits and withdrawal, clear pricing, strong security features and educational tools.

Conclusion

You can succeed in forex trading in Kenya if you commit to smart currency trading strategies and practice them consistently to guide your trade.  With consistency and steady learning, proper risk management and using a good forex broker, you can lay a good foundation for long-term success.

 

 

 

 

Reading This Now 541

OPPO Find X9 Launched In the Kenyan Market at RRP of Ksh 140,000

Ronald Bwire
-
0
OPPO Find X9 Launched In the Kenyan Market at RRP of Ksh 140,000

OPPO Kenya has launched its new Find X9 flagship smartphone, priced at Ksh 139,999, as the company steps up competition in the premium device segment.

Powered by MediaTek’s new 3nm Dimensity 9500 chipset, the Find X9 uses a third-generation All-Big-Core architecture and OPPO’s Trinity Engine to boost performance while reducing power consumption. The device is backed by a 7,025mAh silicon-carbon battery, which OPPO says can deliver up to two days of average use.

The Find X9 features a compact 6.59-inch display with a uniform 1.15mm bezel on all sides, offering what the company calls an “edge-to-edge” viewing experience. The phone comes in Titanium Grey and Space Black with a matte glass finish and matte aluminium frame.

In imaging, OPPO has equipped the device with a new Hasselblad Master Camera System, anchored by a 50MP main camera using Sony’s 1/1.4-inch LYT-808 sensor and an f/1.6 aperture. It also includes a 50MP ultra-wide lens with autofocus for macro shots and a 50MP periscope telephoto camera with Sony’s LYT600 sensor. A dedicated True Color Camera enables more accurate colour reproduction in varied lighting conditions.

The device supports 4K video recording at up to 120fps in Dolby Vision and offers LOG recording with ACES support for professional workflows.

Running on ColorOS 16, the Find X9 introduces Android’s first Unified Computing Power Model through OPPO’s Trinity Engine, enabling system-wide power optimisation across CPU, GPU and memory tasks.

The OPPO Find X9 is available at OPPO stores nationwide and on the company’s Kenyan website. The model comes with 16GB RAM and 512GB storage.

Key Specifications
– MediaTek Dimensity 9500 3nm chipset
– 6.59-inch display with 1.15mm uniform bezel
– 16GB RAM + 512GB storage
– 7,025mAh silicon-carbon battery
– Triple 50MP camera system (main, ultra-wide, periscope telephoto)
– Dedicated True Color Camera (spectral sensor)
– 4K 120fps Dolby Vision video recording
– ColorOS 16

Reading This Now 582

Safaricom Floats $115 Million Tax-Exempt Green Bond

Ronald Bwire
-
0
Safaricom Floats $115 Million Tax-Exempt Green Bond

 

Safaricom has launched the first $115 million tranche of its $308 million domestic medium-term note programme, marking Kenya’s largest green bond issuance to date. The company has included a green-shoe option that would allow it to raise an additional $38 million if demand exceeds the initial target.

The offer runs from 25 November to 5 December and carries a tax-free interest rate of 10.4%. Under Kenyan law, interest earned on approved green bonds is exempt from tax, enabling investors to capture the full yield.

The minimum investment is KSh 50,000, equivalent to $385, with top-ups allowed in KSh 10,000 increments (about $77).

Proceeds will be used to finance and/or refinance eligible green projects within Safaricom’s sustainability portfolio, supporting the company’s environmental commitments while diversifying its funding base and strengthening financial resilience.

“This Green Bond underscores our commitment to embedding sustainability at the heart of our business. By adopting innovative financing solutions, we create long-term value for our stakeholders while delivering positive environmental and social impact,” said Safaricom CEO Peter Ndegwa.

Group CFO Dilip Pal added: “As Kenya’s largest green bond issuance—and the first to allow mobile-based subscriptions—it reinforces our commitment to innovation, accessibility, and sustainable growth.”

Investors can apply via USSD 483810#, online at www.safaricombond.e-offer.app, or through licensed stockbrokers.

The bond is arranged by SBG Securities, Stanbic Bank Kenya, and Standard Chartered Bank Kenya, with Dyer & Blair Investment Bank also serving as a placing agent.

Reading This Now 615

Safaricom and the ICT Authority’s Connect Academy Cohort 1 Graduates

Partner Content
-
0
Safaricom and the ICT Authority’s Connect Academy Cohort 1 Graduates

Connect Academy has today held its inaugural graduation ceremony for its first cohort of 48 students. The Academy is an initiative between Safaricom and the ICT Authority of Kenya. 

Launched during the 2024 Connected Africa Summit, the academy seeks to address Kenya’s growing demand for skilled digital infrastructure talent. It equips young Kenyans with practical, industry-ready fibre deployment skills aligned with the country’s dynamic digital transformation. 

“The Connect Academy to us represents our commitment to building Kenya’s digital future by investing in technical future-ready skills in the people who make connectivity possible. Today, this graduating class is stepping into a digitally led future, and we are assured that the future is in good hands,” said Dr Peter Ndegwa, CEO of Safaricom Plc.

The inaugural cohort was selected from Safaricom’s technician base, referrals from the Connected Africa Summit and community applicants, reflecting the programme’s commitment to accessible opportunities and inclusive digital upskilling. During the rigorous three-month curriculum, the graduates have received technical training, mentorship from industry experts and exposure to real-world work environments.

The programme is already demonstrating strong employment outcomes from Safaricom and other partners with 98% already absorbed into the job market.

 “This partnership couldn’t have happened at a more opportune time. As a country, we have a national goal of strengthening the ICT workforce. By ensuring alignment of training with industry needs, the Connect Academy is helping to create a continuous pipeline of skilled technicians who will drive Kenya’s digital infrastructure expansion in the coming years,” said Zilpher Owiti, Ag. CEO ICT Authority Kenya. 

As the Connect Academy implements its future programmes with Cohort 2 starting in January, Safaricom and the ICT Authority is committed to expanding opportunities for Kenya’s youth and refining the programme as needed to build a skilled workforce ready to drive the country’s national digital agenda forward.

Reading This Now 540

iHub Unveils Cohort 3 of the Mastercard Foundation EdTech Fellowship

James Musoba
-
0
iHub Unveils Cohort 3 of the Mastercard Foundation EdTech Fellowship

iHUB Kenya has concluded the acceleration of Cohort 3 of the Mastercard Foundation EdTech Fellowship for the twelve EdTech startups, 75 percent led by women founders.

The 12 startups went through an eight month acceleration with tools and mentors to enhance their applicability in classrooms and communities to expand access for learners in low-connectivity and under-resourced areas.

According to Nissi Madu, Managing Partner at iHUB, “Through the Fellowship, we’re seeing a new generation of African innovators redefning what equitable and impactful education can look like. As we move into the post-programme phase, we’re excited to continue supporting these startups as they scale their solutions to reach millions of learners and drive lasting improvements in learning outcomes across Kenya.”

Since its inception, the Mastercard Foundation EdTech Fellowship, implemented by iHUB, has supported 36 EdTech companies that have collectively reached over 580,000 learners, empowered over 8,800 educators, and engaged 2,000 schools across Kenya.

The startups have also extended access to 2,000 learners with hearing and visual disabilities, illustrating how inclusive innovation can close long-standing gaps in the education ecosystem.

The 2025 cohort include AHA Innovate, Cloud School System, Digifunzi, Digiskool, Dignitas, Elimu Shop, iFunza, Infoney Solutions, M-Lugha, Nyansapo AI, Verb Education, and Zydii,

From AI-powered adaptive learning platforms that tailor lessons to individual student needs, to solar-powered ofine classrooms that enable learning in regions without reliable internet connectivity, each solution addresses a critical barrier in access to education, proving that when technology is localized and inclusive, it can be transformative.

Over the next year, iHUB will continue to support Cohort 3 startups through post-program advisory, mentorship, and access to capital, helping them scale sustainably and strengthen their impact.

The Mastercard Foundation EdTech Fellowship aims to strengthen Africa’s EdTech ecosystem and to increase access to inclusive, relevant education beyond the classroom.

The Fellowship supports African innovators looking to solve the continent’s education challenges through afordable, technology-enabled learning for all, especially young people including learners with disabilities, those in refugee and displaced persons settlements as well as young people in marginalized communities. Beyond Kenya, the Fellowship is being implemented in eleven other countries in Africa.

 

Reading This Now 509

The Power of  iGaming in Africa: Opportunities for Partners

Ronald Bwire
-
0
The Power of  iGaming in Africa: Opportunities for Partners

 

The rapid growth of the online entertainment industry and the audience’s shift toward mobile-first experiences make iGaming one of the fastest-expanding markets. High LTV and flexible partnership terms open broad opportunities for partners to secure stable long-term income.

Today, Africa stands out as a priority for affiliates. Here, users favor mobile solutions and local payment systems. Applications and lite versions of platforms are taking center stage: fast access, intuitive interfaces, instant deposits, and withdrawals. A cultural factor also plays a role: a willingness to embrace risk as a key to success. Together, these elements drive high CR and retention, boost LTV, and make cooperation with iGaming platforms exceptionally rewarding for partners.

Why should partners choose iGaming?

This industry is competing thanks to its blend of a loyal audience and powerful scaling opportunities. Strong player engagement ensures repeated deposits, along with the ability to retain and re-engage users through promos and bonuses.

Mobile technologies allow efficient redirection of users from apps to gaming platforms. Favorable entry conditions further deliver a high conversion rate from sign-up to deposits.

Another strength is the diversity of entertainment formats. Players can bet on international and local sports events or enjoy casino games, selecting from a vast range of options — from classic slots to live dealer tables.

Partners also gain access to a variety of cooperation models — CPA, RevShare, and hybrid — enabling them to build strategies precisely tailored to their resources and objectives, ensuring both efficiency and growth.

In iGaming, partners can monetize creativity: promoting bookmaker offers, casino favorites, and major sports tournaments, while shaping their own style of interaction with the audience and analyzing its interests.

From analytics to action: offer checklist for the first launch

When selecting an affiliate program and betting brand, it is essential to consider several criteria:

  • Registration in 2–3 steps and tiered KYC – the simpler the path to the first deposit, the greater the partner’s income.
  • Local payment systems – swift transactions with a high success rate and transparent commission build player trust.
  • Mobile-first UX – lightweight landing pages, PWA, and stable performance on a 3G connection guarantee access from any device.
  • Affiliate creatives package and deeplinks – localized materials and direct links to events accelerate traffic testing.
  • Advanced tracking – S2S postbacks for REG/FTD/DEPOSIT, flexible UTM templates, and real-time dashboards sharpen campaign monitoring.
  • Personal manager – timely support and creative adjustments upon requests.
  • Transparent bonus terms and the promotion of responsible gaming principles – nurture loyalty, credibility, and repeated deposits.

These requirements are fully met by the African bookmaker AfroPari, making it an optimal choice for affiliate marketing in iGaming.

The brand puts local context at the core: studying player interests, listening to its audience, and continuously refining its product. Its toolkit includes popular payment systems, games from leading providers, and sports content tailored to the local market.

Partners enjoy access to a complete ecosystem: local currencies and Mobile Money, lightweight mobile UX, advanced analytics, and responsive manager support. These tools allow affiliates to launch campaigns quickly and scale results effectively.

How to become an AfroPari partner?

To start earning with the bookmaker, follow a few simple steps:

  1. Sign up for the brand’s affiliate program and log in to your account.
  2. Wait for a message from your personal manager: approve the GEO, receive ready-to-use creatives and deeplinks, and set up postbacks.
    💡 And here’s a special gift for new partners: during the first 3 months on the RS model, you get a welcome offer — up to 50% revenue share. A perfect way to kick off your partnership with maximum profit!
  3. Launch your campaign and track how clicks transform into income!

In Africa, the iGaming sector offers boundless opportunities for affiliates. Begin your journey: AfroPari provides the infrastructure; traffic is up to you! Join the AfroPari affiliate program and start earning with a trusted brand!

 

🔥 Unlock new opportunities in the iGaming industry!

💸 iGaming is a rapidly expanding market with high LTV and strong player engagement. It offers an easy path to scale income and monetize traffic.

❗When choosing a bookmaker, consider these key criteria:

  • platform accessibility
  • local payment systems
  • mobile application
  • cooperation models
  • creative assets
  • analytics tools
  • personal manager support
  • promotion of responsible gaming principles

🔝 AfroPari meets all these standards, making it the optimal choice, providing affiliates with everything they need for smooth business operations and seamless campaign launches without unnecessary hassle.

🪄 Join the AfroPari affiliate program and start turning traffic into stable income!

 

Reading This Now 392

Uganda’s GOGO Electric Raises $1 Million to Expand its Battery-swap Network

James Musoba
-
0
Uganda’s GOGO Electric Raises $1 Million to Expand its Battery-swap Network

Uganda’s GOGO Electric has received $1 million to expand its battery-swap infrastructure, giving electric riders better access to clean, reliable energy and accelerating Uganda’s transition to e-mobility.

The $1 million is a re-investing $1 million from EDFI ElectriFI, the EU-funded Electrification Financing Initiative. The investment announcement took place in Uganda during the EU Green Diplomacy Week at the GOGO Electric Factory, in Kampala, Uganda.

According to Parth Shah (GOGO CFO), “This additional investment from EDFI MC is proof that GOGO Electric is on the right path to electrify Uganda’s public transport. It shall boost our battery production capacity, allowing us to deploy more electric motorcycles on the Ugandan roads.”

This brings the total EDFI investment in GOGO Electric to $2.6 million, the first investment of $1.6 million was made last year to support transformative solutions that address climate challenges and empower economic growth in developing nations.

Founded in 2017, GOGO Electric operates across the entire e-mobility value chain, encompassing local battery and electric motorcycle assembly and a battery swapping network.

GOGO Electric is building a semi-automated Lithium-Ion battery factory with an annual capacity of 60,000 batteries to serve Uganda’s motorcycle taxis (boda bodas). The firm’s battery swapping network is expected to revolutionize Uganda’s transportation sector  and make electric motorcycles a mainstream.

Jakob Hornbach, founder and CEO of GOGO Electric says the firm’s journey began with the ambition to make a tangible impact on the environment and the economy, and began by assembling bikes powered by advanced lithium-ion batteries. GOGO lithium-ion powered bikes and battery swapping network are designed to empower individuals and communities, making renewable energy accessible, affordable, and a catalyst for economic growth.

 

Reading This Now 492

M-KOPA Spent $156 Million on Local Procurement in Kenya, New Impact Report Shows

James Musoba
-
0
M-KOPA Spent $156 Million on Local Procurement in Kenya, New Impact Report Shows

M-KOPA spent $156 million on local procurement in 2024, according to its first Kenya-specific Impact Report, which outlines the company’s expanding economic, social and environmental footprint in the country.

In 2024, M-KOPA spent KES 20.3 billion (approximately $156 million) on local procurement according to its latest impact report.

According to General Manager, M-KOPA Kenya, Martin Kingori, “Kenya has always been the beating heart of M-KOPA’s journey. Our 2025 Impact Report demonstrates how inclusive financing, responsible lending, and digital innovation are transforming lives at scale.”

Since 2010, M-KOPA has unlocked more than KES 207 billion (about $1.6 billion) in access to formal credit, enabling millions of low-income customers to purchase essential digital tools and services. To date, the platform has served 4.9 million customers.

Digital inclusion remains the company’s strongest impact area, with 4.5 million smartphone users, including 2.1 million first-time smartphone owners, accessing devices through its asset-financing model. M-KOPA says 67% of customers use its products for income generation, while 52% have seen their earnings increase since joining the platform, underscoring the link between smartphone access and economic opportunity in Kenya’s informal sector.

The company’s economic contribution extends to jobs and local industry. M-KOPA works with 14,000 sales agents and employs 1,320 staff directly. In addition to the $156 million in local procurement, the company paid KES 3.79 billion (about $29 million) in taxes in 2024.

M-KOPA’s Nairobi assembly plant has produced 2 million smartphones, strengthening Kenya’s manufacturing capacity and supporting circular economy practices through refurbishment and repair initiatives.

On sustainability, the firm reported avoiding 2.03 million tonnes of CO₂e through its solar energy products, refurbished devices and growing e-mobility portfolio. The company has sold more than 5,000 electric motorbikes, aimed at reducing emissions while lowering operating costs for riders.

Reading This Now 424

Bolt Partners with Mookh to Offer Cheap Rides for Event-goers this Festive Season

Sam Wakoba
-
0
Bolt Partners with Mookh to Offer Cheap Rides for Event-goers this Festive Season

Bolt has partnered with ticketing and digital commerce platform MOOKH, to offer safe, affordable and seamless transport solutions for event-goers this festive season.

The deal allows customers purchasing tickets on the MOOKH platform to enjoy discounts on Bolt rides directly from event venues, helping them move with confidence, convenience, and peace of mind.

In a statement to TechMoran, Adega Murbe, Regional Marketing Manager, Africa said: “MOOKH has been a trusted events and ticketing partner for a decade, and together we are committed to ensuring that every celebration begins and ends safely.”

As part of the collaboration, Bolt will offer exclusive ride discounts for both new and existing riders travelling to and from MOOKH-powered events. New riders will enjoy 60% off for their first two rides, while existing Bolt users will enjoy a special festive-season 30% off for two rides over the next 3 months.

Marking its 10th anniversary, MOOKH continues to shape the events and creative commerce landscape in Kenya by enabling seamless ticketing, payments, and digital experiences. This partnership with Bolt further extends its commitment to enhancing the overall event experience for its users.

George Gachui, Co-Founder, MOOKH said: “The partnership between MOOKH Africa and Bolt is not simply a promotional agreement; it is a strategic investment in the convenience, safety, and overall satisfaction of the regional event community. By prioritizing a superior end-to-end journey for event attendees, MOOKH confirms its dedication to driving the growth and professionalism of the event industry across Africa.”

This strategic partnership is a direct response to an increasing demand for reliable, safe, and affordable transport solutions during high-volume event periods, and creates a unique offering in how brands can support the growth of the local event industry.

Reading This Now 436

NCBA Group Q3 profit rises 8.5% as digital lending hits KES 1 trillion

Sam Wakoba
-
0
NCBA Group Q3 profit rises 8.5% as digital lending hits KES 1 trillion

Kenya’s NCBA Group reported an 8.5% rise in profit after tax to KES 16.4 billion ($106 million) for the nine months to September, supported by higher operating income and continued growth in its regional and non-banking units.

Profit before tax increased to KES 20.5 billion, up 11.1% from the same period last year. Operating income rose 13.8% to KES 53.4 billion, while operating expenses grew 14% to KES 27.9 billion. Provisions for credit losses were up 24.5% at KES 5.1 billion.

NCBA said it disbursed KES 1 trillion in digital loans during the period, a 35% year-on-year increase, maintaining its position among East Africa’s largest digital lenders.

Customer deposits fell 5.3% to KES 488 billion, while total assets declined 2% to KES 665 billion, which the lender attributed to pricing adjustments and softer lending activity across its markets. The bank reported a non-performing loan coverage ratio of 68.9%.

Its Kenya banking unit contributed 82% of group pre-tax profit, while regional subsidiaries delivered KES 2.6 billion, or 12.5%. Non-banking units including investment banking, insurance and leasing posted a combined 48% rise in pre-tax profit to KES 1.2 billion.

NCBA cut its base lending rate for the fifth time this year to 13.27% in an effort to ease borrowing costs for customers in Kenya and Rwanda. The group continued to expand its branch network, reaching 122 outlets.

The lender recently launched ConnectPlus, a cloud-based corporate banking platform that has onboarded more than 20,000 customers in Kenya, with plans to roll it out in Uganda, Tanzania and Rwanda.

NCBA said it expects Kenya’s economy to grow 5.0% in 2025, rising to 5.1% in 2026, supported by improved momentum and stable policy conditions. The bank said it will focus on balance sheet discipline and risk management in the final quarter of the year.

 

Reading This Now 353

Safaricom Launches Daraja 3.0 as M-PESA Transactions Surpass 100 Million Per Day

Ronald Bwire
-
0
Safaricom Launches Daraja 3.0 as M-PESA Transactions Surpass 100 Million Per Day

Safaricom PLC said on Tuesday that its newly upgraded API platform, Daraja 3.0, is poised to drive the next phase of digital innovation across Kenya, as M-PESA daily transactions exceed 100 million and API usage continues to rise across sectors.

Speaking at an Integrators Breakfast in Nairobi, Chief Financial Services Officer Esther Waititu said that 25% of all M-PESA transactions are now processed through APIs, underscoring their expanding role in embedded finance, real-time payments and system integration.

“Daraja 3.0 is a gateway to the next frontier of fintech. By empowering developers secure, scalable, and intuitive tools, we are unlocking new possibilities in digital finance and financial wellness. Developers play a critical role in the M-PESA ecosystem Developers play a critical role in the M-PESA ecosystem and as we celebrate 25 years, we look forward to shaping the next era together,” said Esther Waititu, Chief Financial Services Officer at Safaricom PLC.

She added that APIs as “a significant digital asset,” enabling cost efficiency, data-driven innovation and seamless interoperability for businesses, developers and government agencies.

Safaricom said its fintech ecosystem now supports over 50 million customers, more than 1.9 million merchants, over 66,000 API integrations, and a growing developer community of more than 100,000. Rising adoption of digital financial services has pushed M-PESA’s daily transactions beyond the 100 million mark, with current system capacity handling 6,000 transactions per second.

Global API trends point to continued acceleration. According to data shared in the presentation, large enterprises accounted for 30% of API marketplace revenue in 2024, payment APIs are projected to grow at 36% annually by 2030, and companies using APIs achieve 52.1% faster time-to-market. Africa’s fintech market is expected to expand fivefold by 2028.

Safaricom highlighted that its M-PESA 2.0 fintech platform has evolved beyond peer-to-peer transfers into a comprehensive ecosystem offering payments, credit, insurance, remittances, loyalty services, wealth products, e-commerce and mini-apps for both consumers and merchants.

Daraja 3.0, the centrepiece of the company’s API strategy, introduces advanced artificial intelligence capabilities for fraud detection and hyper-personalisation, along with self-service developer tools and stronger governance. The platform is designed to autoscale to 12,000 transactions per second, reinforcing Safaricom’s focus on resilience and security.

APIs are also enabling digitisation in the public sector, with platforms such as Gava Connect supporting real-time payment services for government agencies.

Safaricom urged developers, partners and integrators to “co-create boldly” using Daraja 3.0, saying collaboration is essential to unlocking the next wave of African fintech innovation.

The company reaffirmed its ambition to become Africa’s “leading purpose-led technology company by 2030,” driven by innovation, customer obsession and digital financial inclusion.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reading This Now 355

Zipline Raises $150 Million from the U.S. Govt to Expand Drone Delivery Services in Africa 

Ronald Bwire
-
0
Zipline Raises $150 Million from the U.S. Govt to Expand Drone Delivery Services in Africa 

Zipline, the drone delivery service, has received $150 million from the U.S. Department of State to expand its life-saving artificial intelligence and robotics infrastructure across Africa.

The $150 million, under pay-for-performance model, will be released to Zipline when it signs up expansion contracts with African governments.

Zipline has been operating across Africa since 2016, partnering with national governments to deliver blood and medicines to over 5,000 hospitals and health facilities. Its work has been credited with helping cut maternal deaths by up to 56%, reducing zero-dose prevalence by 42% in a single year, and reducing missed opportunities to treat severe malaria by 66%.

Since its first delivery in 2016 in Rwanda, Zipline’s autonomous logistics system has flown more than 120 million commercial autonomous miles and completed over 1.7 million autonomous deliveries with zero safety incidents, proving it can rapidly deploy life-saving technology to expand access and improve health outcomes across Africa.

Rwanda is expected to be the first country to expand under this new award, building a third distribution center and doubling daily deliveries. Additional Zipline expansions are expected in additional countries, including Cote d’Ivoire, Kenya, and Nigeria.

“We started Zipline to build a logistics system that serves all people equally. Today the U.S. government is doubling down on our work, and using our AI, robotics and autonomous logistics system to improve health outcomes,” said Keller Rinaudo Cliffton, CEO and Co-Founder of Zipline.

“This partnership is an example of the innovative, results-driven partnership at the core of the America First foreign assistance agenda. With modest U.S. capital investment support, these five countries will become responsible for maintaining and continuing to invest in a transformative American-built health commodities supply chain network,” said ​​Under Secretary of State for Foreign Assistance, Humanitarian Affairs and Religious Freedom Jeremy Lewin. “By strategically deploying assistance resources to catalyze private capital, incentivize local buy-in, and champion American businesses, President Trump’s foreign assistance agenda is bringing developing economies into the 21st century and helping America win the race for the technologies of tomorrow at the same time.”

 

Reading This Now 321

Revolut Hits $75 Billion Valuation Backed by Nvidia’s Strategic Investment

James Musoba
-
0
Revolut Hits $75 Billion Valuation Backed by Nvidia’s Strategic Investment

Revolut, Europe’s fintech leader with over 65 million customers worldwide, has announced the completion of a share sale, valuing the company at $75 billion.

This sale also included investment from NVentures (NVIDIA’s venture capital arm), deepening Revolut’s collaboration with the global technology leader in key areas including AI.

According to Nik Storonsky, CEO & Co-founder of Revolut, “This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries. I’d like to thank our team for their determination and energy, and for believing that it is possible to build a global financial and technology leader from Europe.”

The $75 billion valuation is underpinned by powerful business momentum and strong financial performance. Revolut’s 2024 revenue grew 72% to $4.0 billion, with profit before tax increasing 149% to $1.4 billion. This trajectory has continued in 2025, with the global retail customer base surpassing 65 million and Revolut Business achieving $1 billion in annualized revenue.

In 2025, Revolut announced its final banking authorisation and upcoming launch in Mexico, its banking incorporation licence in Colombia, and upcoming launch in India. Africa is also on its expansion list.

Recently, Revolut appointed Yacine Faqir, as Chief Executive Officer for its Moroccan operations, to join Amine Berrada, who was leading its operations in Morocco. Faqir is a former Mastercard executive while Amine is a former Uber director as the firm plans to launch  as a payment operator and later as a full digital bank.

Revolut is now available in Morocco and South Africa and will use those bases for pan-African expansion.

Victor Stinga, CFO of Revolut, said: “The level of investor interest and our new valuation reflect the strength of our business model, which is delivering both rapid growth and strong profitability. We welcome onboard a series of world-class investors and look forward to working with them for the next stage in Revolut’s evolution.”

Reading This Now 436

NCBA Investment Bank Launches Offshore Investment Solutions for Global Diversification

Ronald Bwire
-
0
NCBA Investment Bank Launches Offshore Investment Solutions for Global Diversification

NCBA Investment Bank has launched its comprehensive Offshore Investment Solutions to provide accessible, professionally-managed investments with access to global markets, currency diversification and sophisticated wealth-building opportunities.

NCBA’s new Offshore Investment Solutions will give clients accessible, professionally managed investments in a new diversification move.

“We’re utilising our global presence, market knowledge and expertise to create a solid offshore investment setup. Our goal is to ensure it meets all regulatory standards in various markets and truly connects with our clients’ needs, helping them invest their capital safely while aiming for reliable returns,” said Mr. Muathi Kilonzo, Managing Director, NCBA Investment Bank.

The launch aims to meet the increasing need for clients to invest in global markets without macroeconomic volatility and currency fluctuations, prevalent in the East African market. The launch also comes at a time when Kenya has established itself as one of the wealthiest nations in Africa, ranking fifth in the Africa Wealth Report 2025. The country is now home to 6,800 high-net-worth individuals (HNWIs).

“We see numerous opportunities for growing this business unit in Kenya given the strategic interventions made to build Nairobi as the financial centre of choice in the continent. Our Offshore solutions help clients achieve diversification away from Kenya-centric investment risk. This is important because it mitigates risks associated with exclusively domestic investments, particularly amidst concerns over sovereign risk and market uncertainty.” said Mr. Muathi.

NCBA’s Offshore Investment Solutions will offer products such as unit trusts and special funds denominated in US Dollars, such as the NCBA Global Fixed Income Special Fund and the NCBA Global Equity Special Fund, with a minimum investment requirement of USD 1,000.

There will be a variety of offshore instruments while managing the administration and safekeeping of the assets and a fully customised service for UHNW clients, family offices, and institutions, offering direct access to a global universe of assets, including international equities, global bonds, and other unique offshore opportunities.

The new solutions are also designed to serve the needs of corporate clients engaged in international trade and diaspora clients who earn foreign currencies and seek investment products that match their international financial footprint.

All solutions are delivered within a rigorous international compliance framework. NCBA Investment Bank ensures strict adherence to global Know Your Customer (KYC) and Anti-Money Laundering (AML) standards, as well as full compliance with the Foreign Account Tax Compliance Act (FATCA).

The launch was held during the 5th Annual Abojani Economic Forum, which brought together young professionals, emerging investors, SMEs and financially savvy Kenyans seeking practical knowledge on wealth creation, financial planning and long-term investment strategies, making it a fitting platform to unveil this strategic offering.

 

 

 

Reading This Now 365

Zoho One Introduces a Unified AI Platform Experience for Modern Workplaces

Ronald Bwire
-
0
Zoho One Introduces a Unified AI Platform Experience for Modern Workplaces

Zoho Corporation, is enhancing Zoho One, its all-in-one business software platform to make collaboration easier, improve security, and deliver deeper intelligence across all 50+ applications.

The new release comes with a central integrations panel which enables administrators to monitor and configure all connections into a single unified portal. Practical tasks such as domain verification and authentication can now be configured more easily.

In a statement, Veerakumar Natarajan, Country Head, Zoho Kenya, said, “Zoho One customers are not simply licensing apps; they are choosing a solution that allows Zoho to handle the technology while they focus on productivity. The enhancements announced today deliver a cohesive experience built on unified integrations, context, and data.”

Launched in 2017, Zoho One has grown to support more than 75,000 organisations worldwide, with customers using an average of 22 applications within the suite.

Zoho One’s new interface has upgraded Spaces to now organise tools by purpose—such as Personal, Organisation, and Department-specific groups—enabling employees to access what they need without switching between apps. It’s search bar now spans the entire ecosystem, an enhanced Action Panel with a full view of upcoming meetings, unread messages, pending tasks, and other key updates, helping employees remain informed regardless of which app they are using.

The updated Dashboard consolidates data from Zoho and third-party apps into one central hub that can be customised using pre-existing or bespoke widgets.

The platform also introduces Vani, a new visual-first collaboration space that supports brainstorming, planning, and creation through diagrams, whiteboards, mind maps, and integrated video calling.

Zoho One’s native integrations across Zoho’s suite and with third-party applications reduces external entry points and supports faster anomaly detection. With Zoho Directory included, administrators also gain a secure platform for managing workforce identity and access within the same unified system.

The new Smart Offboarding feature introduces outcome-based integrations, allowing organisations to transfer department ownership, manage employee device data, and determine data access rights within a single workflow, ensuring smooth transitions.

Zia, Zoho’s AI assistant, is now accessible throughout Zoho One. Zia can aggregate and contextualise information from various platforms, including third-party systems such as Google Workspace, and present it as clear, actionable insight.

Zia Hubs, the platform’s content management system, now has a dedicated space where contracts, meeting recordings, and other important assets are automatically organised.

Ask Zia, available from the bottom toolbar, enables prompt-based searches across Zoho One, providing quick visibility into schedules, tasks, recent interactions, and other key details.

Reading This Now 365
1234...858Page 3 of 858

About us

TechMoran is Africa's top media for tech entrepreneurs and investors and does an insightful coverage of Africa’s technology and startup scene through its digital platforms and monthly #TechNights and its annual TechMoran Startup Festival & Awards dubbed #StartupEast, the biggest startup event in East Africa. Contact us at info@techmoran.com

Latest Articles

IFC Eyes $13 Million Stake in Egyptian Online Grocery Leader Breadfast

Startups 0
The International Finance Corporation (IFC) is considering an equity...

BII Invests $37 Million in Egypt’s Abydos II Solar Project

Tech 0
British International Investment (BII), the UK’s development finance institution,...

500 Global to Support Morocco’s Startup VB Initiative Under Digital Morocco 2030

Startups 0
500 Global, one of the world’s most active venture...

Most Popular

IFC Eyes $13 Million Stake in Egyptian Online Grocery Leader Breadfast

Startups 0
The International Finance Corporation (IFC) is considering an equity...

BII Invests $37 Million in Egypt’s Abydos II Solar Project

Tech 0
British International Investment (BII), the UK’s development finance institution,...

500 Global to Support Morocco’s Startup VB Initiative Under Digital Morocco 2030

Startups 0
500 Global, one of the world’s most active venture...

Subscribe

© TechMoran. All Rights Reserved.