Chinese Mobile Phone Maker X-Tigi with sales operations in Kenya, Mali, Nigeria, Burkina Faso, Guinea, Togo, Senegal, Cameroon, Dubai, Benin, Rwanda and Ghana has been charged with $1.94 million in tax evasion in Kenya. Mr. Gao Fei, a Chinese national and the Director of New X-TIGI Technology Company Limited, was ...
Firms in the financial services sector such as banks, insurance, and pension funds are set to reduce fraud in their operations through the use of biometric technology to identify their customers. This development is after Irish company DAON launched its services in the country promising the safety accrued from biometric ...
Let’s be real, Income tax is scary. Every year, as the financial closing month rolls in, the earning population everywhere gets anxious. People begin to ask and provide all kinds of answers about how to save tax. Refunds, TDS, forms, and the budget become the most discussed topics all ...
Norfund, Norway’s Development Finance Institution mandated to supporting the building of sustainable businesses in poor countries and thereby contribute to economic and social development is an active strategic minority investor with a portfolio of $1,95 billion / NOK 16,8 billion and included more than 770 companies. Norfund’s strategy is to invest in sectors and ...
Starting a business is one thing but the question of who you are working with to start the business is also very important. Obviously, you cannot do this on your own. You need friends. To help you decide if you and your friend can make it as business partners, take ...
Some entrepreneurs and startup owners attach little or no importance to the name they give their startup. Unknown to them, their business name will get used more and last longer than any other investment they make in your business. It’s essential that they get it right the first time. We ...
Bharti Airtel is set to exit the Kenyan, Rwandan and Tanzanian markets in a move to cut down its expenditures and move to profitability, according to analysts speaking to local media in India, where the firm is based. According to the reports, Chairman Sunil Mittal said the firm may exit ...
Instagram, one of the mostly used social media platform It is clear that many organizations in the sub Saharan Africa are struggling to keep up with the fast changing continental technological trends. There has been a change on how businesses conduct their operations because of globalization, ...
In a move to increase its presence on the continent and make Africa a key priority region, Truecaller is shopping for a great city to set up headquarters in Africa. According to Ted Nelson, Chief Commercial Officer at Truecaller,“The tremendous growth we've had across Africa the past two years has ...
When you are a Startup, it is important to have a marketing strategy which will be suitable to help your business achieve its set goals. It is obvious that as you start off, you will find yourself under a great deal of financial constraints that limit a startup from undertaking ...
In 2015, the Motorcycle Assemblers Association of Kenya estimated that on average 8 million Kenyans used a boda boda daily, generating USD.3.9Million (Kes400.00Million) in revenue. Mombasa-based rent-to-own boda boda (motorcycle taxi) lender Watu Credit, has received US$1.5Million (Kes.156.Million) in debt finance via lending marketplace Lendable Inc., who secured the off-balance ...
When wireless charging was invented, leading technology companies that planned to use it came together to form a standard that would guide them forward. Among the companies included heavyweight like Samsung and LG; together with other players, they formed Qi (pronounced as ‘chee’ like in cheese), a Wireless Power Consortium. ...
Making the decision to become an entrepreneur is never easy. When you eventually do, there are so many things you will gain. We highlight some of the advantages of being an entrepreneur. You become more accountable Entrepreneurship will help you up your accountability game. When you have your own business, ...
Jumia is launching offline experiential centers across the country to increase the uptake of its online offerings by shoppers who would otherwise prefer physical stores, in a move which is being seen as a step in the right direction. The offline experiential centers are not offline stores but kind of ...
United Bank of Africa Group, (UBA) is going above and beyond the legacy banking systems to omni channel marketing and social media lead generation, meeting its customers where they are - on websites, email, social networks, and cross-device platforms. UBA Group is taking advantage of AI-powered systems that even the ...
Liquid Telecom Kenya has put in place several strategies to build Internet infrastructure in the country in almost all counties. The firm has laid 4200km of fibre cable Internet infrastructure, launched hi-speed rural satellite, partnered with the private sector to deliver 'Hai buildings' that offer its low cost Internet service, ...
Venture Capital for Africa (VC4A), African platform for startup funding, has launched VC4A Startup Academy, an online resource designed to empower founders to take their business to the next level. Founders can take their business to the next level by learning about the latest insights, download tools and listen to advice from 35 experts ...
Kenyan students and professionals can now apply for the 4th edition of the Global Management Challenge (GMC), for a chance to hone their skills in business management and growth. The GMC is the world's largest strategy and management competition. It consists of a Management Simulation in which each team runs a virtual Company, ...
Liquid Telecom has successfully raised $700 million to refinance the group’s existing debt and to support its growth strategy as it continues to rapidly scale and expand its network capabilities and service offering across Africa. The group raised $550 million in the international debt capital markets in its debut bond, ...
Kenya's mobile money integrator for merchants Tangazoletu has marked ten years of its existence with an ambitious target to bring ten million unbanked Kenyans in the informal sector through financial technology solutions. According to Chief Executive Officer of Tangazoletu Mr.Chris Gathingu the firm will collaborate with more than 70 partners ...
With nearly 40 million active mobile phone subscriptions in Kenya and Ksh. 515.9 billion in person-to-person money transfers within the last quarter of 2016, mobile money payments have become an integral part of Kenyans’ lives. However, Kenyans spend billions on transaction fees for mobile money transfers every year because they ...
Visa is partnering Interswitch and everyone else in the payments sector to double up the uptake of its mVisa, a mobile payments solution that allows consumers to pay for goods from any type of phone by either scanning a QR code, or entering a merchant number. The Visa and Interswitch ...
A few months ago, Kenya's Commercial Bank of Africa (CBA) launched Loop, a digital financial service with bill payments and standing orders, personal finance management, savings and investments but seems the product is not as impressive as expected. CBA has therefore launched PassionEnt. a series of offline events to target budding ...
Safaricom is set to expand M-Pesa, its 1o year-old mobile money service to new markets after its parent firm Vodafone PLC sold a 35 percent stake to its South African subsidiary for $2.6 billion in what will turn out to be a new test of loyalty to the firm's retail ...
A number of businesses in Nigeria selling fashion items and accessories, from shoes to clothing and jewelery, make these products themselves. But many of them have no avenue to promote these handmade goods. This led Victor Sylva to launch MarketCube in July 2015. The platform is a peer-to-peer ecommerce website ...
Telkom has entered the home broadband segment with the introduction of a home data offer dubbed the ‘Home Plan’ for its home users with 4G after rebranding and leaving the Orange Telecom ghosts behind. The firm says its Home Plan on 4G will be available in all major cities and ...
Safaricom has introduced 4G+ or 4.5G aka LTE-A (LTE-Advanced) which is a faster version of 4G with capacity to allow carrier aggregation or allows any 4G phone to receive data from multiple bands in the 4G spectrum unlike ordinary 4G which only uses one band at a time. 4G+ is ...
In 2014, Kenya's payments aggregator PesaPal achieved PesaPal is PCI-DSS Level 1 certification to ensure that all transactions over its platform are secure, and trusted with sensitive payment information by both merchants and cardholders shopping online or offline. Now, PesaPal has added PCI PIN security certification for its mobile point ...
On February 28th, GM agreed to sell its 57.7 percent shareholding in GM East Africa to Japanese car maker Isuzu and the consequent withdraw of the Chevrolet brand from the market. Today, the firm announced a similar exit from the South African market after 104 years, in a move expected to ...
Wananchi Group has finally agreed to sell its corporate and enterprise facing businesses Wananchi Business Services to Synergy Communications (SynCom) after nearly 2 years of internal wrangles by its shareholders including CS Joe Mucheru and founding CEO Njeri Rionge who were opposed to the sell. The details of the transaction ...
