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News
Tech Nation, a UK-Based non-profit tech talent acquisition firm is shutting down
For slightly over one decade, Tech Nation, a non-profit UK-based organization has been providing assistance to global tech talent, outsourcing…
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News
Eight suspects arrested by DCI in KSh.500 million M-Pesa Fuliza fraud scheme
Detectives from the Directorate of Criminal Investigation (DCI) have arrested eight suspects in a high-profile fraud scheme where telecommunications firm…
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News
Africa’s mobility startup eWaka has secured a $540k loan from SECO
Kenyan mobility solutions provider eWaka has secured a $540,000 loan from the State Secretariat for Economic Affairs (SECO) of the…
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News
Airtel Africa’s nine-month net profit hit $523 million
Airtel Africa disclosed its earnings for the period of nine months ending 31st December 2022, revealing that it recorded $523…
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News
Google has introduced Bard, a rival product to ChatGPT
Google has announced the introduction of its conversational AI chatbot, a direct rival of the now-viral ChatGPT created by OpenAI.…
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News
Nigerian fintech startup Trade Lenda has raised $520k in pre-seed round
Trade Lenda, a Nigerian fintech startup that helps micro, small, and informal retailers with access to financing for their business…
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News
Kenyan court rules Meta can be sued in local courts for allegedly violating labour rights
A case brought against Facebook’s parent company Meta by its former employee Daniel Motaung has broadened the scope of legal…
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News
Google working on an AI tool to take on ChatGPT
Google is certainly not sitting unbothered by all the buzz about AI chatbot ChatGPT, created by San Franciscan-based startup OPenAI.…
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News
South African grocery delivery startup Yebo Fresh raises 4.5 million in pre-Series A
Yebo Fresh, a South African grocery delivery startup has raised $4.5m in a pre-series A equity funding round. The pre-series…
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News
South African digital lender Lulalend has bagged $35M Series B funding
Lulalend, a South African digital lender offering funding options for businesses has raised $35M in Series B funding. The round…
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News
Safaricom announces new appointments in latest leadership shake up
Just a few days after appointing Adil Arshed Khawaja as its new board chairman, telecommunications giant Safaricom has announced a…
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News
Liquid Intelligent Technologies partners with Nokia to improve fibre network across Africa
Pan-African tech firm Liquid Intelligent Technologies has announced a new partnership with telecommunications company Nokia, teaming up to build a…
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News
Sendy introduces payment on delivery option for e-commerce vendors
Fulfillment and logistics startup Sendy has unveiled a Payment on Delivery product for e-commerce and social commerce vendors in Africa,…
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News
Absa introduces bank withdrawal options on its Timiza app
Absa Bank has added an option on its Timiza App where customers can withdraw cash from any ATM machine across…
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News
Two Kenyan startups among 12 selected for ARM Labs Techstars Accelerator
Two Kenyan startups, Cladfy and alphabloQ have been selected to join the inaugural class of ARM Labs Techstars Accelerator, a…
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News
OpenAI is introducing a $20 monthly subscription of its now famous ChatGPT chatbot
There possibly hasn’t been a greater debate in the content production market than one revolving around ChatGPT, the content writing…
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News
Fraud attempts continue to rise in Africa, Smile Identity report reveals
A comprehensive report released by pan-African identity verification company Smile Identity has revealed that fraud rates across the continent hit…
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News
Women founders in Africa invited to apply for Google’s new accelerator program
Google on Tuesday announced a women accelerator program aimed at providing resources and opportunities for women founders in Africa. The…
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News
UK pushes to regulate crypto industry to protect consumers
The crypto market has been termed as one of the most fragile and unpredictable markets for both novice and experienced…
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News
Heifer International’s $1.5M agritech challenge winners announced
Three African startups have been selected winners of the 2022 AYuTe Africa Challenge which supports agritech innovators and is organized…
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News
Drone delivery firm Zipline completes test flights in Kisumu County
Zipline, the global delivery company famed for its use of drones to deliver healthcare products has successfully completed test flights…
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News
SWVL cancels its $40 million acquisition deal of Turkey’s Volt Lines
Egyptian transport company SWVL has had a mix of good and bad fortunes in different markets. It has attempted to…
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News
CBK licenses 12 more digital lenders
The Central Bank of Kenya (CBK) has granted operating licenses to an additional 12 Digital Credit Providers (DCPs), bringing the…
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News
Flutterwave to spotlight small businesses in Africa through reality TV show Big Brother Titans
Nigeria’s popular payments platform Flutterwave has announced its collaboration with Multichoice Africa to bring back the popular reality TV show…
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News
Nigeria launches payments card program to take on Visa and Mastercard
The Central Bank of Nigeria (CBN) has launched a national domestic payments card program called AfriGo, meant to help the…
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Startups
Kenya’s Zuri Health raises an undisclosed amount of funding from Moroccan VC UM6P Ventures
Zuri Health has raised an undisclosed amount of funding from Moroccan VC UM6P Ventures. The funds will be used to…
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News
Employers in Kenya to be bared from engaging their staff after works hours in proposed bill
Kenya is among the African countries that have recorded rapid growth in the digital space. With more uptake of affordable…
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News
mTek and partners to provider insurance to 100k small scale vendors
Digital insurance platform mTek has partnered with Kyosk.app and Fin Africa to provide insurance covers to over 100,000 small-scale corner…
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News
Kenyan startup iGas wants to revolutionalize the LPG industry through digitization
iGas, a Kenyan startup that was founded in 2021 is on a mission to turn around the LPG industry which…
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News
Bank to mobile charges are back as High Court declines to extend order
Safaricom will continue to charge its customers transfer fees for transactions between banks and mobile wallets after the High Court…
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News
South Africa introduces new standards for crypto ads
South Africa’s Advertising Regulatory Board (ARB) has introduced a new clause to the country’s Code of Advertising Practice detailing how…
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News
Digital lenders claim CBK is delaying issuance of licenses
Digital lenders have raised concerns over delays in obtaining operational licences from the Central Bank of Kenya (CBK). Business Daily…
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News
Google to lay off 12,000 employees, CEO Sundar Pichai announces
Google has announced it will lay off 12,000 employees from its workforce. In a message sent by CEO Sundar Pichai…
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Startups
South African Cleaning Tech Startup SweepSouth Exits Kenya
SweepSouth, a South African cleaning startup that recorded quick growth through several funding rounds has informed its customers that it’s…
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News
South Africa’s digital enabler Flow has raised $4.5 million to facilitate strategy growth
Flow, a South African company that helps businesses to gain online presence and leverage on digitization has raised $4.5 million…
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News
South Africa’s gaming firm Carry1st raises $27M
The gaming market in Africa continues to grow as more creators, gamers and other stakeholders make significant investments in the…
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News
Microsoft to lay off 10,000 employees in cost-cutting measures
Layoffs in the tech sector have spread across small, medium and large enterprises and the trend continues in 2023. Microsoft…
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News
Elon Musk’s internet firm Starlink set to launch in Kenya by Mid-Year
Starlink, the satellite internet company owned by billionaire Elon Musk has indicated that it will be launching in Kenya by…
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News
New social-media platform African Stream seeks to change how African Stories are told
African Stream, a newly created social-media platform with its headquarters in Nairobi, Kenya brands itself as a tool that seeks…
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News
Getty Images threatens to sue Stability AI over copyright Infringement
US photo stock company Getty Images on Tuesday threatened to sue a tech company for what it terms of copyright…
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News
Two Kenyan firms among 10 African startups selected for $2m Catalyst Fund
Pre-seed venture capital (VC) fund and accelerator Catalyst Fund has announced a US$2 million investment into 10 startups building solutions…
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Gadgets
Global shipment of foldable smartphones to hit 18.5 million in 2023, report
The foldable smartphones market is experiencing amazing growth with the number of units sold raising to new heights each year.…
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News
Tupande app by One Acre Fund to help farmers buy seeds and fertilizers online
Kenyan-based social enterprise One Acre Fund has launched Tupande, a mobile app that aims to help smallholder farmers order and…
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News
These African Countries are leading in Loan Apps Downloads
After analyzing 140 million installs, across 3,000 finance apps, Google in collaboration with analytics firm AppsFlyer found that installation of…
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News
Vodafone announces plans to lay off hundreds of employees
European telecommunications giant Vodafone is reportedly considering laying off hundreds of employees as the industry struggles to cope with tough…
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News
Lenovo topped global PC sales in 2022 as shipments declined by 16%
The continued global economic decline has exerted pressure on the PC market despite the increased adoption of the digital lifestyle.…
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News
YouTube Shorts creators to start monetizing on February 1
YouTube has made changes to its Partner Program which outlines the terms and conditions under which creators engage with the…
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News
Bolt is Pioneering Ride-Now Pay-Later Services in Nigeria
Ride-hailing company Bolt has partnered with Nigerian fintech CredPal to introduce ride-now pay-later services to its customers. CredPal is a…
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News
Sub-Saharan Africa Lost $261 Million Last Year Due to Internet Shutdowns
As internet penetration across the world increases, internet shutdowns that hit various countries last year had a devastating effect on…
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Social Media
Facebook’s content moderation partner Sama quits amid court battle
Sama, Facebook’s content moderation partner in Africa has announced that it’s exiting content review services to focus on data annotation,…
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News
Microsoft to invest $10 billion in OpenAI, creator of content tool ChatGPT
There has been unending buzz about ChatGPT, a content creation tool built by artificial intelligence startup OpenAI. The discussions have…
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Startups
Women-led startups in Africa raised $203.2M in 2022
There has been a significant focus on funding for African-led startups across the globe. Across the continent, several venture capital…
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News
Safaricom introduces M-Pesa ‘store number’ for easier verification during cash withdrawals
A common challenge that customers face when making cash withdrawals from M-Pesa agents is entering the wrong agent number from…
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News
![[Ghana] Logistics startup Jetstream raises $13m for expansion](https://i0.wp.com/techtrendske.co.ke/wp-content/uploads/2023/01/image-copy.jpg?resize=390%2C220&ssl=1)
[Ghana] Logistics startup Jetstream raises $13m for expansion
Ghanaian e-logistics company Jetstream Africa has announced it raised $13 million in equity and debt pre-Series A financing. The debt…
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News
Fintech is the most vibrant sector in the Kenyan startup landscape, report
A report released by pan-African publication and research firm Disrupt Africa has pointed out fintech as the most vibrant subsector…
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News
Safaricom now lets you withdraw your Fuliza balance at M-Pesa agents
Fuliza, the overdraft facility from Kenya’s leading telco Safaricom is one of the most popular digital loans and its ease…
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News
Competition Authority of Kenya appoints Adano Wario acting Director General
The Competition Authority of Kenya (CAK) has appointed Adano Wario as acting Director General following the expiry of Wang’ombe Kariuki’s…
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Social Media
Meta fined $414 Million for violating EU user privacy law
Meta has been slapped with €390 million — about $414 million – fine for breaching EU personal data laws on…
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News
Google to start charging 16% VAT on taxable goods and services in Kenya
Tech giant Google has announced it will introduce a 16% Value Added Tax (VAT) on some of its goods and…
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News
US Telco Equinix to build $160 million data center in South Africa
Equinix, an American telecommunications company that specializes in internet connection and data centers has announced a $160 million investment to…
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News
Kenya’s Clean Energy Startup Mukuru Clean Stoves awarded $1.2 million Earthshot prize for 2022
Mukuru Clean Stoves, a clean energy startup providing alternative energy sources to low-income earners in Kenya’s informal settlements has been…
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News
Nigeria is working on a law recognizing cryptocurrency as legal tender
Nigeria’s House of Representatives is working on a law that may soon recognize cryptocurrency as legal tender, alongside other forms…
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News
Tanzania’s fintech NALA has expanded to 19 European countries
NALA, a Tanzanian fintech startup known for its remittance services to Africa has expanded to 19 more European countries. The…
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News
Solar energy provider Sun King Raises $70M investment to expand throughout Africa and Asia
Pan-African producer of solar energy Sun King has raised $70 million equity investment from LeapFrog Investments and other investors. Sun…
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News
TECNO to introduce the cheapest foldable phone dubbed Phantom V Fold
As foldable smartphones continue to gain prominence in the market, manufacturers are working hard to grab a piece of the…
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News
Meta sued for its role in Ethiopia’s Tigray War
Meta the owner of Facebook, Instagram and WhatsApp has been sued in Kenya’s High Court for allegedly fueling the recently-ended…
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News
Visa to accelerate Africa’s digital transformation with $1 billion investment
Global payments company Visa has pledged to invest $1 billion in Africa to accelerate digital transformation over the next five…
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News
Nigeria’s online furniture store Taeillo raises $2.5 million for expansion
Nigerian online store Taeillo has announced a $2.5 million funding round from Aruwa Capital, a growth equity and early-stage investor.…
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News
Safaricom achieved 93% customer SIM Card registration by the 15th October deadline
When the Communications Authority of Kenya (CA) sought to have all SIM Cards registered earlier this year, it was forced…
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News
Africa’s Mobility Financing Startup Moove Raises $30 Million
African mobility fintech startup Moove has raised $30 million just a few months after raising $18.4 million to scale its…
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News
E-commerce fraud has recorded a 42% increase this festive season, report
A report by global information and consumer insights firm TransUnion has revealed that online shopping scams have increased by 42…
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News
Kenyan Edtech company Zeraki Raises $1.8 Million in Seed Funding
Kenyan Edtech company Zeraki has raised a $1.8 million seed funding round to enable product catalog growth and regional expansion.…
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Startups
Nigeria’s ThriveAgric crowned winner of Visa Everywhere Initiative
ThriveAgric, a Nigerian startup that champions technology to transform the payments landscape for smallholder farmers, was crowned winner of the…
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News
Jumia closes Dubai office, moves senior staff to Africa in a cost-cutting move
Jumia Technologies has announced the closure of its Dubai office as the company remodels its business following years of loss-making…
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News
African producer of kids content Ubongo receives $27.8 Million from Lego Foundation
Africa’s leading creator and producer of children’s educational media, Ubongo has received a $27.8 Million Dollar Award from Lego Foundation…
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News
Nigeria launches Africa’s first humanoid robot named Omeife
UNICCON Group, a Nigerian company founded in 2020, has launched a humanoid robot, the first of its kind in Africa.…
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News
$200 million fund launched to support African SMEs
The Mastercard Foundation Africa Growth Fund (MFAGF) has launched a $200 million funding initiative for small and medium-sized enterprises in…
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News
Digital insurer mTek has inked a deal with Britam to insure SMEs
Insurance startup mTek which offers its services through digital platforms and eliminates paperwork has inked a deal with Britam to…
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News
AR/VR Meta Hackathon Winners Awarded in Nairobi
On a chilly Sunday afternoon at the basement of the iconic building, The Mall, in Westlands, Nairobi, a group of…
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News
Nigerian fintech Chipper Cash is the latest company to conduct massive layoffs
Nigerian cross-border payments startup Chipper Cash has laid off nearly 13% of its workforce, reports indicate. Many employees from various…
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News
South African VC firm 4Di Capital announces the second close of a new $25 million seed fund
South African- based early-stage technology venture capital fund manager 4Di Capital has announced a close of a new US$25 million…
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News
Egyptian supply chain solutions provider OneOrder has raised $3 million
Egyptian supply chain solutions company OneOrder has raised $3 million in seed round funding led by Nclude, with participation from…
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News
Leading Nigerian crypto platforms are on downsizing spree as markets plunge
The crypto market has been hard hit by an unprecedented fall in prices. The collapse of FTX, seen as one…
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News
Copia Global and Cellulant have partnered to help diaspora customers pay for services
Copia Global has partnered with pan-African payment technology company Cellulant to make it easier for its customers in the diaspora…
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News
Kenyan Smartphone Reseller Badili Has Raised $2.1 Million in Pre-Seed Funding
Badili Africa, a company that allows customers to trade in their old phones for new ones at friendly prices has…
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News
Kenya’s all-electric taxi company NopeaRide has shut down
NopeaRide, the first fully-electric taxi company that has been in operation since 2018 is folding up its business in Kenya,…
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News
Media Council of Kenya Officially Recognises Mobile Phones as Tools for Journalism
The Media Council of Kenya (MCK) has acknowledged smartphones used by accredited journalists as professional media equipment. In a statement…
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News
Twiga Foods Launches Fulfillment Centre To Serve the East African Region
Agri-tech startup Twiga Foods has launched a multi-million dollar distribution centre aimed at serving manufacturers, brand owners, and farmers across…
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News
Data firm Periculum launches Utambuzi, a personal financial management tool
Periculum, a data analytics firm that uses machine learning to provide real-time solutions to individuals and organizations has introduced Utambuzi,…
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News
M-TIBA Partners With Sweden’s BYON8 to Expand Telehealth Services
Kenyan health-tech platform M-TIBA has partnered with Sweden’s online doctors’ platform BYON8 to expand access to telehealth services for its…
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News
Autochek has launched a vehicle financing subsidiary for customers across Africa
Autochek, the automotive technology company that is simplifying car ownership across Africa, has announced the launch of Autochek Financial Services.…
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News
Fintech startup Hisa unveils real-time online stocks trading platform
Fintech startup Hisa has launched an application that allows Kenyans to invest in the stock market directly from their phones…
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News
Kenyan Supply Chain and Logistics Startup Leta Secures $3M Funding
Kenyan supply chain and logistics startup Leta has secured a $3M pre-seed equity round led by 4Di Capital, Chandaria Capital,…
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News
Increased taxation on SIM Cards and phones eat into Safaricom’s half-year profits
In the Finance Act 2022, the government of Kenya imposed a 10% excise duty on the importation of cellular phones…
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Startups
Tanzanian supply chain solutions startup Ramani has raised $32M in equity and debt
Tanzanian supply chain solutions provider Ramani has raised $32M in debt and equity in a Series A round that was…
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News
Pan-African solar company Solarise Africa raises $33.4M
Solarise Africa, a pan-African Energy-as-a-Service company that provides reliable and affordable energy solutions across Africa has raised $33.4M to expand…
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News
Digital Lending App Zenka Has Written Off Sh166 Million Defaulted Loans
Just a week after the Central Bank of Kenya(CBK) directed digital lenders to work with loan defaulters in helping them…
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News
TECNO 2023 phones to feature great AI and photography capabilities
The demand for premium smartphones has increased consistently over the last couple of years, courtesy of technological breakthroughs in various…
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News
KRA seeks to tax those who trade cryptocurrencies in a new Bill
The Kenya Revenue Authority (KRA) is seeking to introduce taxation on cryptocurrencies and digital wallets. Through the Capital Markets (Amendment)…
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News
Liquid launches cyber security centre to help fight cyber crime in the country
Liquid Intelligent Technologies has launched a Cyber Security Fusion Centre (CSFC) in an effort to respond better to cyber threats.…
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News
Safaricom Bonga Points will now have an expiry date from January 2023
Starting January 1st, 2023, Safaricom’s loyalty program popularly known as Bonga Points will be expiring if not used up, in…
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