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News
TechTrends Podcast | Raenest’s Victor Alade on Simplifying How Africans Manage Their Money Across Borders
In this episode of the TechTrends Podcast, we sit down with Victor Alade, CEO and co-founder of Raenest, to explore…
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News
Sophos and Pax8 Announce Partnership to Streamline Security Management
Cybersecurity firm Sophos has announced a strategic partnership with Pax8, the leading cloud commerce marketplace. Through this collaboration, Pax8’s network…
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BUSINESS
Kenyan Banks Reject KRA’s System Integration Mandate
The Kenya Revenue Authority (KRA) is facing strong resistance from Kenyan banks in its push to integrate the tax system…
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BUSINESS
Visa Study Highlights Need for Strengthened Security to Boost Digital Payments Among SMEs in Kenya
A recent report by digital payments leader Visa has shed light on the security concerns faced by small and medium-sized…
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News
LOOP App: A Fresh, Intuitive Experience
In an era where digital banking is changing how Kenyans interact with their money, LOOP app has taken a big…
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News
Yellow Card’s Sharon Tum on the Future of Digital Asset Adoption in Africa | TechTrends Podcast
In this episode of TechTrends Podcast, we sit down with Sharon Tum, the Senior Regional Manager- EA at Yellow Card,…
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News
TechTrends Podcast | dLocal’s Ed Aitken on Facilitating Seamless Cross-Border Transactions
In this episode, we sit down with Ed Aitken from dLocal to explore how the company is revolutionizing cross-border transactions.…
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News
68% of Kenyan SMEs Plan to Adopt Contactless Payments – Visa Report
Visa has announced the launch of a new report, ‘Value of Acceptance: Understanding the Digital Payment Landscape in Kenya,’ which…
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Apps
CIC Asset Management Unveils Upgraded CIC Invest App
CIC Asset Management (CICAM), a subsidiary of CIC Group has launched an upgraded CIC Invest App. The new app introduces…
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News
TechTrends Podcast | How USAID Ban is Shaking Up African Healthtech Startups
Welcome to The TechTrends Podcast, where we break down the biggest issues shaping Africa’s business and tech landscape. In today’s…
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News
OPPO Kenya Sues Influencer Marketing Platform AIfluence Over Unpaid Influencer Payments
OPPO Kenya has initiated legal action against the influencer marketing platform AIfluence, citing defamation and brand damage resulting from the…
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News
Kenya’s DCI X Account Hacked By Crypto Scammers
On Sunday evening, the X account of Kenya’s Directorate of Criminal Investigations (DCI) sent out posts inviting users to share…
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News
Safaricom Launches AI Chatbot for Smallholder Farmers in Kenya
Kenya’s leading telco Safaricom has launched a new AI chatbot for smallholder farmers in underserved communities in Kenya. Known as…
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Startups
Verto Launches $10k Global Business Award to Boost Startups
Verto, the global fintech specializing in cross-border payments, and banking solutions has launched the Verto Global Business Award to support…
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News
TikTok Removes Over 334,000 Harmful Videos in Kenya in Q3
Short-form video hosting platform TikTok has revealed that it removed over 334,,000 videos from its platform in Kenya due to…
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News
Westcon-Comstor Extends Splunk Collaboration to EMEA
Westcon-Comstor, a global technology provider and specialist distributor, has announced that its Comstor arm has secured EMEA (Europe, Middle East and Africa)…
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News
Smart Africa Launches the Africa AI Council to Drive the Continent’s AI Ambitions
Smart Africa, an alliance of 40 African countries, has announced the establishment of the Africa AI Council. According to a…
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News
Bolt Adds Trusted Contacts Feature to Enhance Safety
Bolt is launching Trusted Contacts, a feature that allows passengers and drivers to add friends or relatives to their account…
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News
Paix Data Centres Breaks Ground on New Facility in Dakar, Senegal
PAIX Data Centres has announced the construction of a new data centre in Dakar, Senegal. The company stated in a…
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News
Safaricom’s New Money Market Fund Ziidi Officially Launched
Ziidi MMF: After receiving regulatory approval from the country’s Capital Market Authority (CMA) in November last year to launch its…
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News
TechTrends Podcast | What Next for Starlink in Kenya?
The Kenya Communication Authority (CA) has proposed a substantial increase in licensing fees for satellite internet service providers (ISPs) such…
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News
How Technology is Democratising Stock Trading in Africa
Africa has experienced tremendous technological advancement in recent years, and one of the most significant impacts has been the democratization…
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News
Stock Trading and Investing Apps Usage on the Rise
Stock trading and investment apps have significantly impacted the financial services landscape in recent years, making the previously exclusive world…
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News
Kenya Plans to Increase Fees for Satellite ISPs by 10x
The Kenya Communication Authority (CA) has proposed a substantial increase in licensing fees for satellite internet service providers (ISPs) such…
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News
AI and Machine Learning Integration to Drive Online Trading in 2025
The financial market is about to undergo a fundamental change. As we enter 2025, Artificial Intelligence (AI) and Machine Learning…
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News
[TechTrends Podcast] Thapelo Motlogeloa on Building Renewable Energy Solutions in South Africa
In the fifth episode of our podcast series featuring fellows from the Legatum Center for Development and Entrepreneurship at MIT,…
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News
[TechTrends Podcast] How INDOS is Transforming Africa’s Industrial Operations with AI
In this fourth episode, I speak to Ahmed Nounou, an entrepreneur behind INDOS, a company that is revolutionizing industrial operations…
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News
NCBA Bank Deployed 5 EV Charging Stations Across the Region in 2024
NCBA Bank has taken a significant step towards supporting sustainable transportation by installing five electric vehicle (EV) charging stations across…
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Startups
Katapult VC Highlights Innovation and Growth in Climate-Tech and Agri-Tech at Africarena Summit
Katapult VC, a venture capital firm focused on technology solutions for climate, food, and ocean sustainability recently hosted a VC…
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News
Bboxx and Radiant Yacu Advance EV Adoption for 130,000 Riders with Affordable Insurance
Bboxx has introduced an insurance product, Bboxx Protect, offering comprehensive and affordable coverage for electric motorbike (EV) riders in Rwanda.…
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News
Ericsson and AXIAN Telecom Partner to Boost Digital Skills Among African Youth
Ericsson and AXIAN Telecom have signed a Memorandum of Understanding (MoU) to explore collaborative opportunities focused on enhancing digital skills…
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News
Block Anounces Winners of TBD Hackathon at Africa Bitcoin Conference
Block, Inc., a global technology company specializing in financial services, has announced the winners of the TBD Hackathon—a competition aimed…
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News
Bolt Takes on Glovo with New Grocery Delivery Service in Kenya
Bolt has officially launched Bolt Market in Kenya, its new grocery delivery service aimed at making everyday shopping more convenient.…
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News
Smartphone Penetration Fuels Online Trading Boom in Africa
Increased smartphone penetration in Africa emerged as a powerful force, driving significant growth in online trading. Over the past decade,…
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Interviews
![[TechTrends Podcast] Teniola Stuffman on building a Mobile Virtual Network Operator in Nigeria](https://techtrendske.co.ke/wp-content/uploads/2024/12/Screenshot-2024-12-03-at-09.06.16-390x220.png)
[TechTrends Podcast] Teniola Stuffman on building a Mobile Virtual Network in Nigeria
In this episode, I speak to Teniola Stuffman who is among the 2024-2025 Foundry Fellows from the Legatum Center for…
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News
HMD Fusion With Swappable Covers Starts Selling in Kenya for KES 34,499
Human Mobile Devices (HMD) has officially introduced the HMD Fusion to the Kenyan market. For KES.34,499 HMD says the smartphone…
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News
5G fastest-growing subscription type in Sub-Saharan Africa, report
The total mobile subscriptions in Sub-Saharan Africa will grow at an annual rate of 4 percent, increasing from 950 million…
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News
NCBA Disbursed KES 751 Billion In Digital Loans in Q3 2024
NCBA Group disbursed KES 751 billion in digital loans in the third quarter of 2024, an 8% increase compared to…
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News
NCBA Bank Q3 Profit Up 3% to Ksh. 15.1 Billion
NCBA Group’s Q3 2024 profit after tax grew 3.0% to KES 15.1 billion compared to KES 14.6 billion reported during a…
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News
Safaricom Secures Approval to Launch its Second Money Market Fund, Ziidi
Safaricom PLC has received regulatory approval from the country’s Capital Market Authority (CMA) to launch its second money market fund…
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News
![[Namibia] Paratus and MTN sign country’s first roaming agreement](https://techtrendske.co.ke/wp-content/uploads/2021/11/Paratus-Namibia-390x220.jpeg)
Paratus Group Opens in Kenya To Provide and Install Starlink Services
Pan-African telecommunications and network services provider, Paratus Group has expanded to Kenya. The company has expanded into the country through a…
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News
[TechTrends Podcast] MIT Legatum Center’s Dina H. Sherif On Working With African Entrepreneurs
In this episode of our TechTrends Podcast, we speak to Dina H. Sherif, Executive Director of the Legatum Center for…
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News
Kenya to Host 61st AERC Plenary, Focusing on Africa’s FinTech Revolution
Kenya will host the 61st Biannual Plenary Session on the FinTech Revolution in Africa on December 1st, 2024. The plenary…
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News
Google added $900M to Kenya’s economy in 2023
Google has revealed that its products and services provided an estimated $900 million of economic activity for businesses, nonprofits, publishers,…
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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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