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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...

Dubizzle to Float 30 Percent in Dubai IPO, Prosus Commits $100M

Dubizzle Group Holdings PLC, the largest digital classifieds platform in the Middle East and North Africa, has announced an initial public offering on the Dubai Financial Market, expected to float approximately 30.34 percent of its share capital. The 30.34 percent...

Float Raises $2.6 Million to Scale South African Card-Linked Installment Platform

South African fintech startup Float has secured $2.6 million (R46 million) to expand its card-linked installment platform, in a round co-led by Invenfin and SAAD Investment Holdings, with participation from Platform Investment Partners and advisory support from Lighthouse Venture...

SA’s buy now pay later startup Float secures $11 million in funding from Standard Bank 

Standard Bank has provided an $11 million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. Float is a new payment method that encourages responsible...

Fixed vs Floating Spreads

As a trader, it’s critical to understand how the different types of spread work. In the forex market, a spread is the difference between the bid (buy) and ask (sell) prices. These prices are calculated in pips. Spreads influence the...

Standard Chartered launches report to guide investors stay afloat in current economic state

Standard Chartered Bank has published a report called "Keep CALM and carry on" as part of their Half-Two Global Market Outlook.  The report aims to guide investors on how to navigate the current global and local economic situation. According to the...

Pesapal Launches Openfloat in Kenya to Simplify Expense Management for Businesses

Pesapal is rollout Openfloat in Kenya, a Single solution account for multiple expenses processes for business people . The Openflaot is a low-cost, consolidated solution to manage expense payments across multiple channels, recipients, and currencies. The launch comes after...

Ghanaian fintech startup Float acquires Nigeria’s Accounteer to provide accounting services to small businesses

Float, a Ghanaian fintech startup , has  announced that it has fully acquired of Accounteer, a Nigerian cloud-based accounting service that combines bookkeeping, tax prep, and financial advisory services all in one platform, for an undisclosed amount.    This deal has been...

Tata Avinya Concept unveiled with floating taillights and suicide doors

Tata Motors the Indian automaker who is also the parent company of Jaguar Land Rover unveiled a concept car to preview their future electric direction. The concept is named 'Avinya' it's derived from the Sanskrit language and stands for...

SA fintech startup Floatpays secures $4m seed funding round for expansion

Floatpays, a South African on-demand payment company, has raised just under $4 million in an oversubscribed seed round to help it expand across Africa. Floatpays is a digital platform that offers on-demand access to pay, seamless savings functionality, and financial...

Ghanaian fintech startup Float secures $17m seed round for expansion.

Float, a Ghanaian fintech startup that manages cash flow and spend for African businesses, has raised US$17 million in debt and equity seed funding to accelerate its development and launch additional products. According to Ghansah, the new funds will be...

African startups win big at the annual Will This Float? Chattanooga tech contest

High school friends drawn from Ghana and Kenya walked away with top prizes on Monday night at the annual Chattanooga competition that showcases startup businesses. The three young men Jason Oteng-Nyame ( Ghana), and Gabriel Wamunyu and Anthony "Tony"...

WhatsApp adds floating video calls window feature in latest update, but there is a catch

Some time ago, we had posted an article that talked about this feature in the testing phase. Normally, new features from WhatsApp are first launched into the beta app for testing before they are introduced into the stable version...

Safaricom Green Bond Raises $320M Just Two Weeks After Launch

Safaricom’s debut green bond has raised $320.3 million in just two weeks, well above its $116 million target, highlighting strong demand for sustainability-linked fixed-income assets in Kenya. The telecom operator will absorb $154.8 million, the maximum under the first tranche...

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...

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...

South Africa’s TurnStay Raises $2M For Africa Expansion

South Africa's travel startup TurnStay has raised $2 million to fuel its rapid expansion across Africa. The seed round led by First Circle Capital, with participation from TLCom Capital, Enza Capital, Incisive Ventures, CVVC, and Equitable Ventures. Founded by Alon Stern (ex-Prodigy Finance) and James Hedley...

Former Copia Executives Launch Stahili, a Cashback Focused E-Commerce Platform in Kenya

After the collapse of heavily funded Copia Global, a new venture emerges promising rewards, mobile data, and engagement driven e-commerce Three former leaders of Copia Global, Tim Steel (former CEO), Michael King (former CTO), and cofounder and Executive Chairperson Tracey...

Samsung Unveils Galaxy Z Fold7, Its Thinnest and Lightest Foldable Yet

The tech giant, Samsung, announced the Galaxy Z Fold7, the latest addition to its foldable lineup. The device combines thinner, lighter hardware with new Galaxy AI features and an expanded display designed to improve productivity, better camera performance, and...

Zeepay Secures $18M Debt Facility to Bolster Remittance Liquidity Across Africa and the Caribbean

Ghanaian fintech company Zeepay has raised $18 million in a senior secured debt facility to strengthen its working capital and enhance remittance liquidity as it expands operations across Africa and the Caribbean. The funding round was arranged by Verdant...

The Amazing World of Casinos: Where Luck Meets Excitement

Casinos are more than just places where people try their luck. They are a world filled with excitement, intrigue, and a unique atmosphere. From their exotic animals to their breathtaking architecture, every casino has its own charm. In this...

MicroSave Consulting Improving Cash Voucher Assistance to Over 65,000 Somali People

How MicroSave Consulting is improving Cash Voucher Assistance to over 65,000 people in the Somali region under the UN World Food Programme relief operation. Authors from MSC: Brenda Oyugi  Edward Obiko  and Endashaw Tesfaye The United Nations Capital Development Fund is leading...

Cauris Finance Secures $40M to Invest in Socially Impactful Fintechs in Africa

Cauris Finance, an Africa-focused impact credit fund, has closed $40 million to expand its efforts to support socially impactful African fintechs that provide essential credit access to financially underserved small businesses and entrepreneurs, the economic engines of every African...

Are we in an AI bubble?

Artificial intelligence (AI) has become the tech world's golden child Some companies have struck it rich in this AI boom AI boom isn't limited to established tech giants By Antony Muchiri, Founder and Editor in Chief Tech with Muchiri Artificial intelligence (AI) has...

Safaricom to Launch Insurance Products After Securing License: What This Means for Consumers

Safaricom, Kenya's leading telco, is making a bold move into the insurance industry after securing a license from the Insurance Regulatory Authority (IRA) to offer insurance products. This development marks a significant step for Safaricom as it expands its...

Breakthroughs in Renewable Energy: Innovations That Could Change the World

Renewable energy has become a focal point in the global effort to combat climate change and reduce reliance on fossil fuels. Recent breakthroughs in this field are driving the world toward a cleaner and more sustainable future. From advanced...

mTek Partners with UzaPoint to Offer Digital-Driven Insurance Products to SMEs

mTek, a leading Kenya-based digital insurance platform renowned for its seamless and convenient access to insurance products, has partnered with UzaPoint to enable Small and Medium Enterprises (SMEs) to access fully digital insurance products. This partnership will empower UzaPoint to...