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News
Online Brokerage Market Projected to Reach $18 Billion by 2028
Projections indicate that the online brokerage market will reach $18.02 billion by 2028, at a compound annual growth rate (CAGR)…
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News
AI in Fintech Market to reach USD 70.1 billion by 2033
The fintech industry worldwide is witnessing unprecedented growth, driven by the integration of Artificial Intelligence (AI). According to market forecasts,…
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Startups
Senegal’s eMobility Startup Solarbox Africa Secures $1m Pre-Seed Funding
Senegal’s eMobility solutions provider and energy startup Solarbox Africa on Thursday announced the closing of its $1m Pre-Seed round. The…
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News
Andela and CNCF partner to train 20k Africans in cloud-native skills
Andela, the tech talent outsourcing company has partnered with the Cloud Native Computing Foundation (CNCF) to train over 20,000 African…
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Startups
African startups pitching at the finals of the L59 Pitch competition revealed
Latitude59 Kenya’s Pitch Competition has announced the 10 startups selected to compete for an invitation to Latitude59 2025 in Tallinn,…
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Startups
Burning Heroes Africa Product Manager’s contest 2024 applications open
Burning Heroes Founders Association has opened applications for the 2024 Burning Heroes Product Managers (PM) Contest Africa Edition. The competition…
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News
Microsoft Launches AI Skilling Initiative In Kenya
Microsoft has announced the launch of a new skilling initiative in Kenya aimed at training 1 million people in AI…
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News
SAS acquires Hazy synthetic data software to boost generative AI portfolio
SAS, a leader in data and AI, has announced the acquisition of the principal software assets of Hazy, a pioneer…
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News
TikTok removes over 360,000 videos from its platform in Kenya
Short-form video hosting platform TikTok has revealed that it removed over 360,000 videos from its platform in Kenya due to…
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News
NCBA Expands Global Remittance Network With Xpress Money Partnership
About a month after partnering with Tanzanian fintech NALA to enhance the remittance process across Africa, NCBA Bank has announced…
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CLOUD
South African data centre firm Teraco begins construction on 120MW solar power plant
South African data centre company Teraco announced today that it has begun construction of a 120MW utility-scale solar PV power…
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News
Equity Group Q3 Profits Rise 13% to KSh 40.9 Billion
Equity Group’s 9-month Profit after Tax grew 13.1% to KSh 40.9 billion with regional subsidiaries accounting for 51% of the…
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News
Safaricom Ethiopia hits 6.1 million monthly active users
Kenya’s leading Safaricom on Thursday announced impressive growth in its customer base in Ethiopia, reporting a 47.3% increase in monthly…
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BUSINESS
African financial markets report widespread progress
According to a recent survey by Absa Group, Africa’s financial markets have expanded at the fastest pace since 2017 due…
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Startups
Nigeria’s Lendsqr launches its Loan Processing Services platform in Kenya
Lendsqr, a global loan management software provider, has launched its lending-as-a-service platform in Kenya. The company says the launch will…
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BUSINESS
Safaricom records Sh28.1bn in half year profit
Kenya’s leading telco, Safaricom PLC, has posted a KES 28.1 Billion in net income for the six months ended September…
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News
Social Commerce Platform ChitChat Launches Global Remittances Feature
ChitChat, the African social commerce platform has launched a new remittance feature, which enables seamless cross-border money transfers across 13…
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News
Safaricom addresses allegations of sharing customer data with police
Safaricom has come out strongly to address allegations that it’s aiding in abductions by sharing its customer data with the…
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BUSINESS
Online trading is transforming Africa’s financial landscape
Online trading has gained significant popularity in Africa in recent years. Given the potential for lucrative returns, many Africans are…
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News
Internet infrastructure provider WIOCC Group launches in Kenya
West Indian Ocean Cable Company (WIOCC) Group, the provider of digital infrastructure solutions and managed network services has expanded its…
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News
Safaricom, Government and Vodafone Launch Ksh.240m Digital Skills Program
Kenya’s leading telco Safaricom through its charity arm, the Safaricom Foundation, has partnered with the government and Vodafone Foundation to…
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News
Wasoko and MaxAB Tap Cruise CTO to Lead AI Initiatives
Wasoko and MaxAB, Africa’s largest B2B network of informal retailers, has announced the appointment of Mo Elshenawy as an Independent…
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News
Safaricom Awarded Data Privacy Certification
Safaricom PLC has been awarded the ISO 27701 Privacy Information Management System (PIMS) certificate. This certification was granted by the…
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CYBER SECURITY
Safaricom Urges For Investment in Advanced Cybersecurity Tech
In recognition of Cybersecurity Awareness Month, Kenya’s leading telco Safaricom is hosting a two-day industry-wide Cybersecurity Summit in Nairobi Kenya.…
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BUSINESS
Jumia Kenya to offer discounts of up to 50% this Black Friday
Jumia, Kenya has today launched its much-anticipated Black Friday campaign that will run from November 1 to November 30, 2024.…
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Apps
LOOP app’s new Money Pool feature combines your group’s savings into one spot
LOOP Money Pool Feature: Long before microloans or online crowdfunding, informal lending circles-also called money pools played a critical role…
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Startups
Oyster Agribusiness raises $2million in funding to expand operations in Ghana
Oyster Agribusiness, an agri-tech company focused on climate-smart agriculture, has secured $2 million in funding to expand its operations and…
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News
M-KOPA assembles 1.5 million phones in Kenya, aiming for 10 million by 2027
M-KOPA, the financial technology firm assembled over 1.5 million phones in Kenya in 2024, aiming to reach 10 million locally…
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CLOUD
SEACOM Offers Colocation and IP Transit Services Via New Johannesburg Data Centre
SEACOM now offers colocation and IP transit services via the JN1 International Business Exchange (IBX) data centre owned and operated…
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BUSINESS
M-KOPA Hits 3 Million Customers, Injects Over KES 17bn Into the Kenyan Economy
According to the company’s 2024 Impact Report, released last week, M-Kopa has now reached over 3 million customers in Kenya…
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BUSINESS
Equity Bank’s Online Banking Services to be Temporarily Unavailable On Saturday
Equity Bank has announced plans to carry out a scheduled system maintenance this weekend that will see its online banking…
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Startups
BURN Secures Us$ 15 Million To Scale Electric Cooking In East Africa
BURN, the manufacturer of clean cooking stoves has secured a US$15 million investment from the European Investment Bank (EIB). The…
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News
Nigeria Ranks Second in Global Crypto Adoption, Report
In recent years, Nigeria has emerged as a global leader in crypto adoption, driven by innovative use cases to combat…
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News
BasiGo Secures $42 Million In Funding
BasiGo, the Kenyan electric vehicle manufacturer has closed US$42 million in new funding led by Africa50, the pan-African infrastructure investor…
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News
Changing Global Trade Patterns Will Enhance Cross-Border B2B Payments in Africa
Changing global trade patterns and the emergence of new payment solutions will drive significant growth in cross-border B2B payments in…
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News
Safaricom partners with tappi to digitize Kenyan MSMEs
Kenyan digital commerce startup tappi has partnered with Safaricom’s M-PESA to digitize 650,000 business users across Kenya. According to a…
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News
Sophos Acquires Secureworks for $859 million
Cybersecurity firm Sophos announced on Monday that it has acquired Secureworks from Dell Technologies for $859 million in cash to…
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News
NCBA Targets Local Businesses With New Solar Leasing Product
Continuing with its Sustainability initiatives, NCBA Bank on Tuesday announced the launch of a new Solar Photovoltaic (PV) campaign targeting…
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News
Visa Hosts Sir Tony Blair at its Sub-Saharan Africa Innovation Studio in Nairobi
Digital payments leader Visa on Thursday hosted the former Prime Minister of the United Kingdom, Sir Tony Blair, at its…
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Startups
Many African fintechs still grappling with regulatory challenges, report
The African fintech industry has been actively involved in driving the digital transformation of the continent by presenting innovative solutions…
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Blockchain
Binance Expands Crypto Purchases Via Mobile Money in West and Central Africa
Binance has announced the integration of mobile money payments for crypto purchases across Benin, Cameroon, Ivory Coast, DRC, Togo, and…
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News
Jumia Shutting Down its Operations in Tunisia and South Africa
Jumia, once regarded as Africa’s leading e-commerce platform, is shutting down its operations in both Tunisia and South Africa. The…
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Startups
Biogas Tech Firm Sistema.bio Secures $15M for Global Expansion
Sistema.bio, a biodigester technology firm has secured US$15 million in financing to fuel its global growth. The funding was led…
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News
South African AI Body Raises Concerns Over LinkedIn’s AI Training Model
South African AI Association (SAAIA) has raised concerns over LinkedIn’s use of data to train AI models without consent. SAAIA…
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News
5G mobile subscriptions in Kenya nearing the one million mark
Kenya has continued to experience increased 5G subscriptions since the country’s leading telco Safaricom first rolled out the service in…
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News
Korean tech firms to establish $1.4 million manufacturing plant at Konza
Kenya has signed a Memorandum of Understanding (MoU) with the Korea Electronic Association (KEA) to establish a $1.4 million tech…
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News
Safaricom’s Chief Information Officer George Njuguna Exits After 5 Years
Safaricom PLC’s Chief Information Officer (CIO) George Njuguna has exited the firm after a 5- year stint According to a…
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News
Vivo V40 5G Review – Worth the upgrades + ZEISS
Vivo V40 5G Review: For Ksh. 64,999, the vivo V40 5G is quite an interesting device. The phone is the…
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Startups
Tech Veterans-Founded XA Network Expands to Africa
XA Network, a leading investment network founded by tech alumni in Southeast Asia has expanded into Africa with the launch…
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News
Mobile Money Subscriptions in Kenya Rise to 38.7 Million
Mobile money subscriptions in Kenya have grown to 38.7 million, translating to a penetration rate of 75%. This is according…
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News
Kenya’s Active Mobile Subscriptions Reach 68 million
The number of active mobile (SIM) subscriptions in Kenya increased to 68 million as of the end of March, representing…
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CYBER SECURITY
Sophos unveils new XGS desktop firewalls and software
Sophos has announced the launch of new XGS Series desktop firewall appliances and updated software aimed at enhancing automatic threat protection…
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News
NCBA Bank: Banking on tech for improved customer service
Customer Service Week (CS Week) is an international event celebrated annually during the first full week in October. During this…
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News
Mobile money driving financial inclusion in Africa
Mobile Money in Africa: According to a report by the Mastercard Foundation, Africans have some of the lowest levels of…
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BUSINESS
NCBA taps fintech firm NALA to enhance remittances to Africa
NCBA Bank has onboarded NALA Payments Limited, a Tanzanian fintech company specialising in remittance services to Africa to improve the…
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News
Sophos named leader in IDC MarketScape 2024 for MDR services
Cybersecurity firm Sophos has announced its recognition as a leader in the IDC MarketScape: European Managed Detection and Response (MDR)…
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News
Safaricom-Led Health Digitalisation Project Gets House Committee Approval
The National Assembly Health Committee has cleared the Safaricom-led Sh104 billion health digitalisation project, saying everything above board. Safaricom had…
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News
NCBA Bank Acquires Hybrid EVs from CFAO Mobility Kenya
NCBA has today acquired two hybrid electric vehicles (HEVs) from CFAO Mobility Kenya, furthering its commitment to environmental responsibility under…
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News
Mastercard taps Amazon Payment Services to facilitate digital payment acceptance across Africa
Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and…
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News
NCBA Bank Kenya Wins 2024 Global SME Finance Award
NCBA Bank Kenya has been named the winner of the 2024 Global SME Finance Award solidifying its position as a…
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News
Easily set up Standing Orders with your LOOP App
LOOP App Standing Orders: Running a business means you will have to handle various bills and expenses which is an…
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News
Bolt Opens Driver Engagement Centre in Cape Town
On-demand mobility platform Bolt has unveiled its second Driver Engagement Centre in Thornton, Cape Town, this week. This move comes after extensive feedback…
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News
NCBA taps AWS to provide digital skills training for over 3,000 employees
NCBA and Amazon Web Services (AWS) have announced a strategic training initiative to enhance the digital skills of over 3,000…
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News
LOOP App’s Expense Tracker Feature Helps You Become Less Impulsive
LOOP App Expense Tracker: The first step to taking charge of your cash flow is to understand precisely where your…
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News
Safaricom led consortium to implement an Sh104 billion health-tech system in Kenya
Kenya’s leading telecommunications company Safaricom has partnered with a consortium of companies for an Integrated Healthcare Information Technology System (IHTS…
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News
LOOP app’s DISCOVER tab makes finding new deals easier
LOOP app DISCOVER: We all love a bargain, especially when shopping online. The thrill of finding a great deal or…
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News
Safaricom and Google partner to provide digital literacy training to small businesses in Migori
Safaricom PLC and Google have teamed up to offer financial and digital literacy training to small businesses in Kenya’s Migori…
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News
4 New LOOP App Features You Should Check Out
In February last year, LOOP App unveiled a completely new look with even more features and offering solutions for both…
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News
NCBA Bank turns to new tech for enhanced cybersecurity
The Central Bank of Kenya’s 2023 Banking Sector Innovation Survey revealed that cyber-risk is the most significant challenge for financial…
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Interviews
[TechTrends Podcast] Unpacking KQ’s investments in tech and their partnership with AWS
In this latest episode of The TechTrends Podcast, we speak with David Mwaniki, a Senior Manager at Kenya Airways (KQ),…
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News
Bolt Accelerator Program awards 10 drivers Sh289k each
Bolt has awarded 10 drivers and couriers with Sh289,519 seed funding each for showcasing their innovative solutions related to smart…
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News
Safaricom unveils a tech-fit experiential store in Nairobi
Safaricom has today launched a tech-fit and experiential outlet at BBS Mall in Eastleigh, Nairobi. The telco says phygital outlet…
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News
Rural ISP Mawingu expands network to Mandera County
Rural Internet Service Provider (ISP), Mawingu, has announced the expansion of its network to Mandera County in Kenya. This latest…
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News
Safaricom receives payment facilitator certificate from Visa
Digital payments company Visa has awarded Safaricom a Payment Facilitator Certificate, marking a major milestone in its ongoing partnership with…
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Gadgets
Samsung Galaxy Z Fold6 Review
This year, Samsung made a big splash by integrating Galaxy AI with Google AI and Google Gemini on the Galaxy…
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BUSINESS
Worksport August net sales hit $1.214M
Worksport Ltd WKSP has announced one of its best-ever monthly sales performances in 2024, with August 2024 net sales up…
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CYBER SECURITY
Liquid expands cyber security offering for businesses in EA
Liquid Intelligence Technologies has announced the expansion of its Cybersecurity Fusion Center (CSFC) product line with an exciting new cybersecurity…
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News
Liquid upgrades its 1300km fibre route between Kenya and Uganda
Liquid Intelligent Technologies has upgraded its 1,300km fibre route connecting Kenya’s east coast city of Mombasa to Busia on the…
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News
Lobby group sues Safaricom and CA over Starlink
A Kenyan lobby group has filed a lawsuit against Kenya’s leading telco Safaricom, the regulator the Communications Authority of Kenya…
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News
![[Video Interview] Deloitte's Aasif Karachi on Uskilling and their partnership with AWS](https://techtrendske.co.ke/wp-content/uploads/2024/09/final3-Cover-390x220.jpg)
[Video Interview] Deloitte’s Aasif Karachi on upskilling and their partnership with AWS
At last month’s AWS Summit in Johannesburg, AWS reiterated its commitment to job creation in Africa by focusing on skills…
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News
Corridor Africa drives sustainable data centre growth
The demand for data storage and processing capabilities has soared, putting immense pressure on existing infrastructure. This is largely due…
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News
NCBA collaborates with SACCOs to enhance cybersecurity measures
NCBA on Monday hosted its SACCO Banking Division customers in a forum focused on helping them bolster their defenses against…
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News
NCBA invested $31m in 2023 on cybersecurity
NCBA Bank has announced that it invested nearly $31 million in 2023 to strengthen and enhance its cybersecurity infrastructure. Speaking…
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News
Vertiv Selects New Distribution Partner for Nigeria and Ghana
Vertiv has announced the appointment of Coscharis Technologies as a distribution partner in Nigeria and Ghana. The global provider of…
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News
Financial Analytics Market to generate $32.13 Billion in revenues by 2031
The Global Financial Analytics Market Size is projected to grow at a CAGR of 11.53% from 2024 to 2031 according…
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News
Government launches two digital platforms to boost transparency
Kenya has unveiled two new digital platforms designed to streamline the management of presidential directives and foreign travel approvals for…
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Startups
Kenyan e-commerce startup Chpter raises $1.2 million
Chpter, a Kenyan AI-powered conversational commerce platform founded by Marketforce co-founders has secured $1.2 million in their Pre-Seed round. Founded…
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WomenInTech
Women in Tech: There’s a need to challenge stereotypes and advocate for more inclusive work environments
Female tech executives have advocated for greater inclusion of women to create a more diverse and innovative work environment. This…
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News
Nokia to build new 5G neutral host core network in Ghana
Nokia has announced that it is further strengthening its partnership with Next-Gen InfraCo (NGIC) by building a 5G mobile core…
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News
AWS reaffirms its commitment to cloud and AI development in Africa
AWS has reinforced its commitment to expand its cloud and AI services in Africa. At the AWS Summit, 2024 held…
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News
LOOP, OPPO partner to offer financing for the new Reno12 devices
LOOP by LOOP DFS a Fintech subsidiary of the NCBA Group has partnered with OPPO to offer financing for the…
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Startups
Kenya’s SUKHIBA secures $1.5M seed extension to expand WhatsApp-based e-commerce in emerging markets
SUKHIBA, a Kenyan commerce and CRM platform has completed a $1.55 million seed extension round led by EQ2 Ventures. Other…
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CLOUD
iColo adds 650 kW of solar power to its data centers in Nairobi and Mombasa
Carrier-neutral data center infrastructure provider iColo on Monday announced it has added and commissioned over 650 kilowatts (kW) of new…
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Startups
Kenyan HR payroll startup WorkPay raises $5m investment to expand across Africa
Workpay, the Kenyan cloud-based HR, payroll and benefits platform has raised $5m in Series A funding. The funding round was…
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Gadgets
AI-Powered OPPO Reno12 Series Launched in Kenya
OPPO Reno12 Series: OPPO has officially announced the launch of two new AI Phones – OPPO Reno12 and Reno12 F.…
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Social Media
Kenya’s Lillian Kariuki Appointed to TikTok’s Safety Advisory Council for Sub-Saharan Africa
Kenya’s Lillian Kariuki is among the eight members appointed to TikTok’s Safety Advisory Council for Sub-Saharan Africa. The popular short…
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News
OPPO makes a bold move into AI with the Reno12 Series
OPPO will be launching the Reno12 Series in Kenya on August 22nd 2024. The company says this latest addition to…
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News
Prudential partners with Google Cloud to advance insurance with AI
Prudential plc (Prudential) and Google Cloud are betting big on AI to revolutionize insurance through a strategic partnership announced on…
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News
Greenspoon taps Roam electric motorcycles for faster deliveries
Roam, Kenya’s electric mobility company has partnered with Greenspoon, an online retail store specializing in organic food to offer a…
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New Appointments
Equity Bank Kenya appoints Moses Okoth Nyabanda as Acting MD
Equity Group announced on Friday that Mr. Moses Okoth Nyabanda, its Chief Finance & Strategy Execution Officer, has been appointed…
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News
[TechTrends Podcast] Unpacking gaps in payment systems in Africa ft TBD’s Angie Jones
In this episode, we unpack the existing gaps in payments in Africa with Angie Jones, the Global Vice President of…
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