DHL acquires minority stake in UK-based Link Commerce
DHL Express has today announced its minority stake acquisition in Link Commerce, the UK-based e-commerce firm that helped the logistics company develop its hugely...
Equity registers 14% dip in profit after tax on Ksh.3 billion provisions on loans
Equity Group has released first-quarter results which reflect the assessment the Group places in the uncertainty created by COVID-19. Profit before provisions was up...
Samsung has partnered with SoFi to launch its first Samsung Pay debit card
Samsung has today announced plans to launch a no-fee Samsung Money cash management service and debit card for its smartphone users.Â
The service will be...
Digital and mobile channels to be key service delivery platforms for financial service providers
As countries prepare for imminent easing of movement restrictions and resumption of normal operations in most sectors of their economies, many are convinced that...
Ecobank Named Most Innovative Bank in Africa
Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the...
Visa’s Fast Track Program Propels Growth of the Fintech Industry Worldwide
Visa today announced its continued support of the global Fintech community, having grown the Fast Track Program to over 140 Fintechs.
Since expanding globally in mid-2019,...
Equity withdraws proposed dividend declaration and payment due to market uncertainty
Equity Group has withdrawn its recommendation of a Ksh. 9.5 billion dividend payout to its shareholders.
The withdrawal of the dividend payout speaks to...
Old Mutual Investment Group Launches ChatBot to improve customer experience
The Old Mutual Investment Group, the Asset Management business arm of the UAP Old Mutual Group, has launched its Facebook Messenger ChatBot to improve...
SWVL Kenya Gets Green Light From NTSA To Resume Operations
SWVL Kenya is now ready to resume operations in the country after settling its long-running regulatory tussle with the National Transport and Safety Authority...
Zoho’s software applications now available at a fixed Kenyan Shilling price
Zoho Corporation, a software-as-a-service (SaaS) firm has announced that all its 45+ business software applications are now available at a fixed Kenyan Shilling (KES)...
Mastercard Commits To Add 1bn people, 50m small units to digital economy BY 2025
Building on the Covid-19 response, Mastercard is also announcing its new worldwide commitment to financial inclusion. The company is pledging to bring a total of...
US Government Moves To Block Huawei From Global Chip Supplies
Huawei will soon face more problems after the US Department of Commerce, enacted new rules that would cut off the Chinese telecom equipment maker...
Facebook Partners With Telcos To Build A 37000km, 180Tbps Undersea Cable To Serve Africa
Facebook has partnered with several telcos in Africa to bring faster internet connectivity. The social media giant together with a consortium of Telcos including...
OdiBets launches new easy to use website as Bundesliga returns
The German Bundesliga is set to become the first major soccer league to resume play during the coronavirus pandemic this weekend.
The news has caused...
TransUnion launches COVID-19 playbook for financial services providers in Kenya
Global information and insights company TransUnion has launched its COVID-19 playbook for Kenyan business and credit industry players. The playbook is an insights-driven methodology...
Impact of Covid-19 on business: How to Stay Afloat
Global trade has, with no doubt, taken a major blow in the wake of the COVID-19 (Coronavirus) pandemic. The rates of imports and exports...
Telkom Kenya Quietly Increases The Cost of Its 5GB Night Data, Revises Daily 700MB...
Just late last night, I wanted to purchase my usual 700MB Telkom Data bundles which cost 50/= after my daily 1GB data ran out....
Purchasing essential products on Jumia with your Mastercard will earn you a 10% discount
Consumers who purchase essential products using their Mastercard on the Jumia platform will receive up to a 10% discount on their order.
Jumia has entered...
Safaricom Extends Bonga For Good Program By 30 Days
Safaricom is extending its Bonga For Good campaign for an extra 30 days. That means the program will now end on June 3rd. The...
COVID-19: KEPSA and Jumia launch Digital Commerce Program to support Kenyan businesses
Kenya Private Sector Alliance (KEPSA) has partnered with e-commerce leader Jumia to register and train local businesses to sell online. Through the Digital Commerce...
Going cashless is helping contain the spread of Covid-19 in Africa
As the effects of the coronavirus continue to bite, many countries in Africa are turning to technology to fight this pandemic. Â
In most African...
#Covid-19: Airtel Uganda and Avaya Partner To Enable Remote Work And Learning
Airtel Uganda has partnered with Avaya to enable organizations in the country to implement remote working and learning initiatives. This is in response to...
Tech for humanity: Preparing for the next phase
ICT has been critical to fighting the Covid-19 pandemic and transforming society over the long term. But the key to progress is laying the...
After Huawei and Apple, Samsung Also Wants to Have its own Payment Card
Five years since the inception of Samsung Pay, a mobile payments platform, the South Korean tech giant wants to move a bit closer to...
WhatsApp’s Payment Service Set To Be Rolled Out In India By End Of May
WhatsApp’s UPI based payment service, WhatsApp Pay, is finally ready to be launched in India.
After around two years since initial testing was done in...
Bolt launches its new business delivery service in Nairobi
Ride-hailing taxi app Bolt has launched its new delivery service in Nairobi. The service dubbed Bolt Business Delivery, works by connecting businesses with couriers...
#TechTrendsChats : Safaricom CEO, Peter Ndegwa on Telco’s expansion plans to Ethiopia and other...
Safaricom expansion plans to Ethiopia:Â Safaricom has been planning to expand to the Ethiopian market for a while now. When the company announced its...
Global Smartphone Sales Suffer Worst Decline in History Due To Ongoing Covid-19 Pandemic
The global coronavirus outbreak, which is believed to originate from China, has adversely affected economies around the world. In the technology industry, the impact...
Safaricom partners with Visa to develop M-Pesa products for customers and merchants
Safaricom has entered into a new partnership with digital payments leader Visa to develop products that will support digital payments for M-PESA customers. Â
The partnership...
DPO Group and Mastercard launch DPO Store, an e-commerce platform for African businesses
Digital payments company, DPO Group, has launched an e-commerce platform to help merchants across Africa to move their businesses online. Known as DPO Store,...
Free Cash Transfers Cost Safaricom Ksh.650 Million In losses In March
The removal of transaction charges for M-PESA transactions below Kshs,1,000 over coronavirus outbreak has seen Safaricom lose Ksh.650 million in March.
This was part of...
Safaricom’s M-PESA revenues from betting declined by Ksh.1.9B
Safaricom's M-Pesa revenue shrunk by 33%, amounting to a whooping 1.9 Billion due to reduced betting activities in the country. This is according to...
Safaricom FY20 Revenue Grew by an impressive 14.3% to KShs.71.7 Billion Beating Expectations
Kenya’s largest telco, Safaricom, has just released its financial results of the year, which has indicated strong revenue growth. Profits were up from KShs...
Visa and Pesapal Partner for Connected Payments in Africa
Visa has announced a new partnership with Pesapal to drive connected digital payments to consumers and businesses in Africa. Under this new partnership, Pesapal...
Outrageous bet sees Kisumu Man win Ksh.818,496 on Odibets’ e-sports platform with Sh3
Mr. Meshack Ogutu, Kisumu based mechanic is the winner of Ksh. 818, 496 on Odibets' e-sports platform after placing a bet with Ksh.3.Â
Meshack predicted...
Egypt’s Largest Private Lender Acquires 51% Stake in Kenya’s Mayfair Bank
Egypt's Commercial International Bank (CIB) is acquiring a 51 percent of the shareholding of Kenya's Mayfair Bank Limited (MBL).
Commercial International Bank is the largest...
Vivo Made More Sales In Q1 Than South Korean Tech Giant, Samsung In India
For the first time, vivo has overtaken Samsung’s smartphone sales in India in a single quarter. The list of top five popular companies in...
Amazon’s First African AWS Region Opened In Cape Town, South Africa
Amazon Web Services, commonly referred to as AWS, has opened its first-ever AWS Region in Africa. The new AWS Africa Region is based in...
StarTimes new online platform, StarTimes GO, will allow customers to shop from their TVs
Pay Television provider StarTimes Kenya has introduced an online shopping platform for its customers. Named StarTimes GO, the platform will offer the public access...
Twiga Foods sign fresh produce distribution deal with Jumia, cut prices by 50%
Twiga Foods has signed a distribution deal with e-commerce leader Jumia to deliver fresh and processed food to consumer's homes in Nairobi. The partnership...
Huawei Revenue Growth Slows Immensely Amidst Coronavirus Pandemic
Amidst the coronavirus pandemic, business is not doing good for most industries around the world. Huawei 's revenue growth has also been immensely affected,...
Netflix Gained 15.8 Million Paying Customers Globally In Q1 2020 Beating Its Expectations Due...
With several conventional industries experiencing what seems like one of those all-time low seasons, the streaming has seen an upsurge in usage.
Several streaming companies...
Alibaba Pledges To Invest $28 Billion In Cloud Computing Over The Next Three Years
Chinese e-commerce giant, Alibaba, has promised to invest 200 billion yuan (approx. $28 billion) in its cloud computing business to help improve the infrastructure...
Coronavirus: Global PC Sales Experience Sharpest Decline Since 2013
Global PC shipments in Q1 fell by 12.3% from the previous year, with just 51.6 million units shipped in the first three months of...
Huawei Has Lost Over US$60 Million On Foldable Phones
Like other tech companies using Google’s Android, Huawei joined the run for making foldable devices early to compete with Samsung. The company’s first commercially...
Safaricom partners with more PSV Matatus to Collect Fares through M-PESA
Safaricom has partnered with more matatu Saccos to collect fares through M-Pesa. The telco first launched the service last month to facilitate cashless payments...
Uber Eats For Business Customers To Expand To Over 20 Countries Globally After Successful...
Uber for Business, the corporate version of Uber aimed for corporate customers, is finally expanding its food delivery business for corporate customers to 20...
Samsung Electronics Posts Better Than Expected Profits In Q1 Despite Covid-19 Crisis
In the recently ended January to March quarter, Samsung Electronics realized a slight increase in its revenue debating expectations. The South Korean tech company...
Vodacom Group Is Suing Absa For Losses Of At Least $64.1 Million, Report
Vodacom Group is reportedly suing Absa, formerly Barclays Africa Group Limited, asking to be compensated as much as $286-million on two separate charges.
The first...
Safaricom And Vodacom Fully Acquire The M-PESA Brand From Vodafone
Safaricom and Vodacom have announced that they have now completed the full acquisition of the M-PESA brand from Vodafone through a newly-created joint venture.
The...
Tencent Eyes Africa To Grow Its Music Streaming Business
Chinese tech giant Tencent Holdings Ltd. is eyeing Africa as a potential market to grow its paid music streaming service Joox. This comes five...
Safaricom Customers To Pay Less As Telco Implements Government’s Reduction In VAT Order
As of today, you may have already heard that the government slashed the Value Added Tax from 16 percent to 14 percent. This was...
Uber Temporarily Suspends Its Services In Uganda As Country Enters 14-day Lockdown
Ride-hailing company, Uber, has temporarily suspended its services in Uganda. The company’s decision follows the 14-day national lockdown announced in the country.
The company will...
Airtel Kenya Is The Only Telco That Grew Its Mobile Subscriptions Market Share In...
The latest insight report into the mobile subscription industry reveals rather shocking details. The Communications Authority of Kenya in its latest Sector Statistics Report,...
Kenyans Deposited Nearly Ksh.607B Via Mobile Money In Q2 2019/2020, Report
Mobile money usage in Kenya has continued to grow in the country tied to its convenience. Using the platforms, you can pay for any...
Zuku Reclaims Top Spot As The Largest Fixed Data Provider In Kenya Surpassing Safaricom
Wanachi-owned Zuku has reclaimed its top spot as the country’s largest fibre internet provider, according to latest Sector Statistics report from the Communications Authority...
Huawei’s 2019 Expenditure With US firms Went Up Despite Trade Ban
Despite being faced with sanctions in the US, Huawei still saw increased spending with US suppliers in 2019, according to Huawei’s Chairman, Eric Xu.
In...
Samsung Galaxy S20 Sales Affected Immensely By Coronavirus Pandemic
Despite the ongoing coronavirus pandemic, many smartphone companies have not been turned away from launching their new phones. Samsung already launched the Galaxy S20...
Standard Chartered commits $1B to finance companies helping tackle Covid-19
Standard Chartered has announced that it will commit USD1 billion of financing for companies that provide goods and services to help the fight against...
Coronavirus: This could be the right time to get home internet
The demand for home internet and wireless connectivity in Kenya might go high as more Kenyans work and learn remotely due to global concerns...
Posta and Jumia partner to offer discount on delivery fee for customer countrywide
As the effects of coronavirus continue to be felt, more Kenyans are now turning to online shopping to purchase household essentials. Postal Corporation of...
How To Stop Promotional Messages On Safaricom Through WhatsApp
Promotional text messages can be annoying sometimes especially for services you did not subscribe to. A number of users have always complained online about...
Kenyans turn to e-commerce as coronavirus pandemic fears grow
The coronavirus has spread to dozens of countries across Africa within weeks, with the head of the World Health Organisation (WHO) warning that the...
Glovo partners with Naivas to offer free deliveries for orders above Ksh.1,000
Delivery firm Glovo has announced a new partnership with Naivas Supermarkets to provide free deliveries in the wake of the Covid 19 Global Pandemic.
The...
Nigeria is getting its first-ever bitcoin ATM
Nigeria has the strongest economy in Africa and has always stood out as more or less financially stable compared to some neighbouring countries. As...
Airtel Waives Transaction Fees On Its Mobile Payment Service Across all Bands
After the CBK met with Payment Service Providers and other financial industry players. Safaricom was the first telco to announce the removal fees, but...
Safaricom Waives Fees For M-PESA Transactions Below Ksh 1000 Over Coronavirus Outbreak
Safaricom has announced that they have waived off all the transaction fees for M-PESA transactions below Ksh 1000. In a press release late this...
Safaricom Doubles Daily M-PESA Transaction Limit To Ksh 150,000
In a meeting held today, Kenya’s largest telco, Safaricom, has scrapped off charges for all transactions below Ksh 1000. Also, another exciting development came...
Safaricom’s AI Chatbot Zuri Brings A One-Stop Support Desk On WhatsApp
Safaricom's AI Chatbot Zuri is a hell of a kind. The telco is the only one in the country with such a service that...
Apple Temporarily Shuts Down All Retail Stores Outside China Until March 27
Apple has temporarily closed its stores around the world, except those located in China, in response to the ongoing Covid-19 outbreak. The company CEO,...
Jumia Tech Week Campaign Starts Today, Here’s What To Expect
Jumia Kenya has announced the launch of this year’s Jumia Tech Week campaign. The campaign kicks of today, 16th March and will run until...
Safaricom’s AI chatbot Zuri now available on WhatsApp – How to activate
Remember Zuri? Safaricom's artificial intelligence (AI) Chatbot to manage customers’ queries. Well, she's now available on WhatsApp.
Zuri has been available on Telegram and Facebook...
Visa has unveiled a Ksh.242M grant to support Kenyan women-owned micro-businessesÂ
Visa has announced a Ksh.242 Million grant to Hand in Hand Eastern Africa to support low-income business owners in Kenya. The program aims to...
Huawei Expects Smartphone Sales To Plunge In 2020
Chinese smartphone maker and largest telco equipment maker Huawei had a good year in 2019, despite the US Ban. The firm was added to...
Kenya’s Fifth and Fastest Undersea Fibre Optic Cable Lands in Mombasa
Kenya has received its fifth undersea fibre optic cable which landed at the coast of Mombasa last week. Djibouti Africa Regional Express 1 (DARE...
Understanding The New Safaricom PostPay plan
Safaricom has a revised its PostPay plans to make the product more appealing to more user now. We have already told you almost everything...
Safaricom New PostPay plans – How to join and everything you need to know
Kenya’s leading telco Safaricom finally rolled out new PostPay plans for its consumers. Unlike previously, the new packages have been harmonised to offer value...
Safaricom Plans To Launch Device Financing Models For PostPay Customers
After unveiling their new PostPay plans yesterday, Safaricom announced that they plan to bring financing models for smartphones. Through this, PostPay customers will be...
Safaricom Introduces New PostPay Plans With No Expiry Data And Minutes – How To...
Safaricom has introduced new offerings for its postpaid customers. The new packages have been harmonized to offer more value for money and its not...
Samsung Plans To Sell 8 Million QLED TVs In 2020
South Korean tech giant, Samsung, has not only been the biggest smartphone vendor but is also one of the industry-leading companies in the TV...
Nokia Appoints New CEO After Missing Out On 5G
Nokia CEO Rajeev Suri is stepping down after over six years as the face of the company, Nokia said on Monday. The company has...
Safaricom Becomes Amazon Web Services Reseller In Kenya and EA
Safaricom has today announced a partnership with Amazon Web Services, which will see the telco resell AWS services in Kenya and throughout East Africa....
Safaricom’s integrated mobile platform DigiFarm wins Global Mobile Award
Safaricom’s integrated mobile platform DigiFarm has been named the Best Mobile Innovation for Emerging Markets in this year’s Global Mobile Awards (GLOMO).
The platform provides...
Glovo to integrate an SOS function on its Glovo app
Local delivery firm Glovo has announced plans to integrate a new emergency SOS function into its mobile app to improve its rider’s safety.
With...
Jumia appeals to local manufacturers with 50% lower commissions
In a move aimed at encouraging more local manufacturers to sell online, e-commerce leader Jumia is now extending a 50% reduction on commissions for...
Safaricom Will Consider Huawei To Build Its 5G Infrastructure
By now it's presumed that you are aware of 5G, the next generation of wireless technology that takes over 4G. In Kenya, we are...
Safaricom’s 200 Percent Storo Bonus Promotion is Back
Kenya’s largest telco, Safaricom, is back with its Stori Ibambe promotion, which offered its subscribers a 200 percent airtime bonus when they hit a...
NTSA Escalates Legal Fights With Egyptian Ride-Hailing Company, SWVL
Last year, the National Transport and Safety Authority (NTSA), stepped up legal fights with the Egyptian shuttle-hailing company, SWVL. The regulator claimed the company...
Standard Chartered Bank launches mobile traded bond
Standard Chartered Bank Kenya has become the first commercial bank in Kenya to launch bond traded exclusively through mobile phone, the Bank announced Monday.
Through...
Apple Warns Revenue Miss Due To Effects Of Coronavirus
Apple has on Monday warned that they expect to miss their revenue targets for the second quarter due to the Wuhan coronavirus (COVID-19) outbreak.
“......
Safaricom rolls out new 0110, 0111 mobile prefixes
Safaricom has today announced the introduction of SIM cards with the 0110 and 0111 prefixes.Â
The sim cards will be available free of charge at...
Intra-African remittances to soar to record numbers in 2020, says WorldRemit
Online international money transfer company WorldRemit predicts that 2020 will be the year of intra-African remittances.
The World Bank already estimates that migrant workers within...
Twitter Nets $1 Billion In Quarterly Revenue For The First Time
Twitter just released its Q4 earnings report today. From the report, the California based social media company was happy to announce that for the...
Posta Kenya’s M-Post Service Hits 150,000 Subscribers
Towards the end of November last year, Posta Kenya, in partnership with Kenya's largest telco Safaricom announced a new service dubbed M-Post that digitalized...
Huawei Surpasses Apple To Become The Second-Best Selling Smartphone Brand Globally In 2019
Huawei had a rough time in 2019. From the US blacklist that barred the company from trading with its partners to being prohibited from...
LG’s Home Appliance Business Soared In 2019, As Mobile Unit Stayed In Red
On January 30th, LG released its fourth-quarter financial results for 2019 indicating a struggling mobile business despite restructuring efforts to see profitability.
LG posted a...
Jumia Advertising now official, opens its platform for brands to advertise
Three weeks ago, Jumia Kenya CEO, Sam Chappatte, through a LinkedIn post revealed that the e-commerce giant was planning to launch what they’re calling...
Apple Fined $837 Million For Infringing Wi-Fi Patents From The California Institute Of Technology
Apple, together with its close partner Broadcom have to pay a total of $1.1 Billion in fines for infringing three WIFI patents from the...
Samsung Annual Revenue Dropped In 2019 Despite Strong Flagship Smartphone Sales
Samsung Electronics yesterday announced its quarterly financial results of the period ended December 31, 2019.
Revenue in the final quarter of 2019 was 59.88 trillion...
UK Allows Huawei To Take Part In The Country’s 5G Network Despite US Pressure
Contrary to what their close allies from the West wanted, Britain has given Huawei permission to take part in the country's 5G network. The...
Samsung, Safaricom and M-Kopa unveil financing plan for the Galaxy A10s, don’t go for...
Safaricom, Samsung and M-Kopa today morning launched a new product or what they are calling a pay as you go mobile solution that will...
TRENDING
Tech for humanity: Preparing for the next phase
ICT has been critical to fighting the Covid-19 pandemic and transforming society over the long term. But the key to progress is laying the...
24Bit Podcast Episode 21: Our Experience with the Huawei Y7p (No...
In this latest episode of our 24Bit podcast Emmanuel Chenze, Nick Kanali and Dickson Otieno discuss the Huawei Y7p which is Huawei first device...
EDITOR'S PICK
Safaricom closes Thika Road Mall shop after staff tested positive for...
Safaricom has closed its Thika Road Mall (TRM) shop after one of its staff working at the shop tested positive for COVID 19.
The employee...
