BUSINESS

News on Business trends in Kenya and Africa

2 days ago

Hudaco Kenya: East Africa’s preferred partner for security and telecommunications

Hudaco Kenya, a member of the Hudaco Industries Group, is backed by experience and expertise in the importation, distribution, and…

3 days ago

Equity and American Express Revamp the Membership Rewards Redemption Experience

Equity American Express Card members earn Membership Rewards points when they spend on their Cards. Now, they can redeem their…

3 days ago

Blockchain-powered fintech Telcoin expands its digital remittance service to 15 new markets including Kenya

Telcoin, a blockchain-powered fintech disrupting the US$700 billion international remittance industry, has extended its digital money transfer service to 23 additional mobile…

3 days ago

Unilever’s Sunlight Unveils A Five-Year Programme To Support Women Entrepreneurs

Unilever’s Sunlight, has announced a five-year programme to support women in business. Dubbed ‘Sunlight Women of More’, selected women entrepreneurs…

3 days ago

PayTabs Egypt wins Best E-Payment Solution at Entrepreneur Middle East’s Leaders in Fintech Awards 2021

PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago has received the prestigious “Best…

5 days ago

Jumia launches 9th Anniversary campaign, to offer up to 50% off on essentials

E-Commerce platform Jumia has today launched its 9th Anniversary campaign. The company says it will be marking this anniversary by…

6 days ago

SMEs feeling economic pinch turn to innovative tech platforms to save cash

More than a year into the Covid-19 pandemic and South Africa ’s SMEs remain under enormous pressure and are increasingly…

6 days ago

Mastercard Empowers Consumers To Choose A Sustainable Future With Eco-Friendly Cards

According to a recent Mastercard study, 58% of consumers are more mindful of their impact on the environment, with 85% willing…

1 week ago

Tanzania waives value-added tax on smartphones

Tanzania will waive value-added tax on smartphones, tablets, and modems. This was revealed by the Minister of Finance and Planning,…

1 week ago

Kenya among top drivers of eCommerce volumes in Sub-Saharan Africa, Visa research

Kenya, South Africa, and Nigeria are the top drivers of eCommerce volumes in Sub-Saharan Africa. This is according to a…

1 week ago

Euro 2020: StarTimes to offer multiple watching options

The most anticipated tournament of the year UEFA Euro 2020 is kicking off tonight and for the next one month,…

1 week ago

Enhanced Report Gives Kenyan Lenders Ability to Improve Consumer Risk Decisions

The Covid-19 pandemic has put Kenya’s financial institutions, including commercial banks, at the heart of a fast-changing crisis. The reason…

1 week ago

Glovo launches its first African Micro Fulfillment Center in Nairobi

On-demand delivery startup Glovo has opened its first African Micro-Fulfillment Center in Nairobi. The center is located at AEA Plaza…

2 weeks ago

Telkom launches virtual card for WhatsApp payments in South Africa

Telkom has launched Africa’s first Mastercard virtual card for use on WhatsApp, enabling Telkom Pay customers in South Africa to…

2 weeks ago

98% of Equity’s transactions in Q1 were on digital platforms

98% of all Equity Bank’s transactions are on digital platforms according to the bank’s 2021 Q1 results released recently. EazzyNet,…

2 weeks ago

Digital lenders in Kenya are still abusing data protection laws

Digital lenders continued to harass defaulters and violate their consumer data rights. This is according to Ajua’s Quarter 1 2021…

2 weeks ago

Bigin, Zoho’s CRM for small businesses, adds 7,500+ customers within a year

Zoho, a global technology company, has announced that Bigin, its pipeline-centric CRM for small businesses, has gained over 7500 customers…

2 weeks ago

CMA admits two new firms to the Regulatory Sandbox

The Capital Markets Authority (CMA) has admitted KOA Save Africa Limited and Moneto Ventures Limited to the Regulatory Sandbox. The…

3 weeks ago

Telkom Kenya to launch a digital independence product to mark Madaraka Day

Tomorrow, Kenyans mark Madaraka Day, 58 years since the country got to exercise self-governance; a key step towards gaining its…

3 weeks ago

Kenyan students win Microsoft’s Imagine Cup Global Competition

Four Kenyan students from the United States International University (USIU) are the winners of this year’s Microsoft’s annual global student technology challenge,…

3 weeks ago

Women Can Add $14.57 Billion to E-Commerce in Africa, IFC Research

The e-commerce market in Africa could grow by more than $14.5 billion between 2025-2030 according to an IFC report published…

3 weeks ago

Equity Group Records Strong Quarter One Results

Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic…

3 weeks ago

Safaricom To Offer Customers Free Data Every Day For the Next 90 Days

Safaricom has today unveiled a new data campaign that will see customers enjoy free data every day for the next…

4 weeks ago

Cytonn Investments ventures into insurance business

Cytonn Investments is venturing into the insurance business. The firm has launched its insurance agency arm, the Cytonn Insurance Agency…

4 weeks ago

Inertia, PayTabs Egypt and valU partner to provide e-payment solutions for home improvement financing

Inertia and EFG Hermes’ NBFI subsidiaries – PayTabs Egypt and valU, the buy-now-pay-later platform (BNPL), announced they have entered into…

4 weeks ago

eCitizen intergrates T-kash as a payment option

Telkom Kenya customers will now be able to make payments on the eCitizen platform using T-kash. The financial services platform…

4 weeks ago

Bolt Raises Fares Due to Increased Fuel Prices

Ride-hailing company, Bolt, has revised its prices across all cities in Kenya in response to the increased cost of fuel…

4 weeks ago

Safaricom-led consortium wins Ethiopia’s telecom license

Ethiopia ’s telecommunications regulator has awarded an operating licence to a consortium led by Kenya’s Safaricom and Japan’s Sumitomo Safaricom,…

May 18, 2021

KRA wins Kshs. 234m tax claim against Equity Bank Kenya

The Kenya Revenue Authority ( KRA ) has won a Kshs. 234 million tax claim suit against Equity Bank Kenya.…

May 17, 2021

Safaricom in Talks with Amazon for M-Pesa integration as a payment option

Kenya’s leading telco Safaricom is reportedly in talks with U.S e-commerce giant Amazon to integrate M-pesa as a payment option.…

May 14, 2021

Huawei Awarded Most Valued Technology Partner of the Year 2020 from DBS Bank

Huawei has been awarded the Most Valued Technology Partner of the Year 2020 from DBS Bank. Huawei team has been…

May 13, 2021

Telkom Kenya to form subsidiaries to house its Digital and Financial Services businesses

Telkom Kenya has announced that it is creating two 100% wholly-owned subsidiaries to house its Digital and Financial Services businesses. …

May 12, 2021

Telkom launches Mambo 99, new bundles tariff for prepaid customers

Telkom has introduced a new monthly data bundles tariff targeted at its prepaid customers. Dubbed Mambo 99, the new tariff will…

May 10, 2021

Vista Bank selects Radar Payments to drive its digital payment strategy in West Africa

Vista Bank Group (Vista) has selected its paytech provider Radar Payments to drive its global payment processing activities in West…

May 5, 2021

WhatsApp’s Payment Feature Goes Live in Brazil After Suspension

WhatsApp Pay, the chat app’s payment feature, is live in Brazil after June 2020 suspension. WhatsApp Pay was suspended in…

May 4, 2021

Telkom Kenya Partners With Standard Chartered Bank to Offer Customers More Value for Money

Telkom Kenya has announced a partnership with Standard Chartered Bank, a move aimed at expanding deals included in Telkom’s 30GB…

May 3, 2021

Airtel Africa appoints Olusegun Ogunsanya new CEO

Airtel Africa, the African arm of India’s Bharti Airtel, has a new CEO. The telecommunications company will now be lead…

May 3, 2021

Vivo Smartphone Kenya Partners With Online Retailer to Increase Visibility

Vivo smartphone’s local office has partnered with Jambo Shoppe, an online retailer in the country, to help increase the smartphone…

April 30, 2021

Telkom customers to send money for free from T-kash to any network

Telkom customers will be able to use T-kash to send money across local networks, at no cost, for the next…

April 29, 2021

Kenya Launches First Semiconductor Chip Factory

The semiconductor industry is one of the most crucial globally, with almost every device we use having these important chips.…

April 29, 2021

Former Uber East Africa GM Pilots Bike Renting Business in Nairobi

A former Uber East Africa general manager is running a pilot program for a bicycle renting business in Nairobi. Loic…

April 29, 2021

OPPO Ranks Among Top 10 PCT Filers Worldwide for the Second Consecutive Year

For the second consecutive year, Chinese tech company Oppo has been ranked among the top 10 Patent Cooperation Treaty (PCT)…

April 28, 2021

Huawei Revenue Drops Due to Poor Performance of Consumer Business Unit

The US sanctions continue to bite Chinese tech giant Huawei, two years since they went into effect. During the three…

April 28, 2021

Visa Is Moving Into Cryptocurrencies ‘In a Big Way’

Visa CEO Al Kelly says the payments giant is moving into cryptocurrencies in a big way. Speaking during an earnings…

April 28, 2021

Demand for Microsoft Cloud Services Continue to Grow

Demand for cloud services has been on the rise since last year at the onset of the pandemic. As one…

April 27, 2021

CBFW, DHL and Sinpais Bring Training Support to 3,500 Women Entrepreneurs in Kenya

The Cherie Blair Foundation for Women, DHL Express, and Sinapis have announced a new partnership to train over 3,500 most…

April 26, 2021

Airtel Kenya refutes claims it’s exiting the market

Airtel has refuted claims that it plans to exit the Kenyan market. Last week, reports emerged that the telco was…

April 26, 2021

Safaricom’s Ambitious Plans to Connect Africa via Mobile Money

Launched in 2007, Safaricom mobile money service M-PESA has catapulted the telco to the global map. M-PESA is crucial, especially…

April 23, 2021

NCBA and KAM partner to support local manufacturing SMEs

NCBA Bank Kenya PLC has today partnered with the Kenya Association of Manufacturers (KAM), to enhance the development of Manufacturing…

April 22, 2021

Andersky Tours to launch an online travel booking platform

The travel booking sector has undergone a huge transformation over the last couple of years due to technological advancement and…

April 21, 2021

Canon Central & North Africa signs four new Business Partners across the continent

Canon Central & North Africa (CCNA) has signed four new value business partners in key markets to cement its footprint…

April 20, 2021

Over 60% of All Equity Transaction Value Performed Digitally, First Time in History

Digital banking has continued to gain traction across the country, and more banks are bettering their apps and websites to…

April 20, 2021

Mastercard to buy digital ID verification firm for $850 million

Mastercard Inc will purchase a Seattle-headquartered digital identity verification company Ekata, in a deal valued at $850 million. The global…

April 15, 2021

Safaricom Pilots Mobile Health Records System in Nakuru County

Safaricom is pushing further into healthcare with the latest pilot program in partnership with the Nakuru county government. The telco…

April 13, 2021

Microsoft Acquires Health Care AI Company Nuance for $19.7 Billion

Microsoft is acquiring Nuance, a health care AI company in a multi-billion dollar acquisition announced Monday. The American technology giant’s…

April 13, 2021

Demand for PCs Increase Across the Globe, With 69.9 Million Units Shipped in Q1

Global PC sales continue to grow as more people work and study from home. Gartner’s latest research shows the market…

April 13, 2021

Uber Expands Ride-hailing and Food Delivery Service to Nakuru

Uber is now available in Nakuru, one of Kenya’s top towns. The company’s taxi-hailing service and food delivery arm, Uber…

April 13, 2021

Absa partners with AWS to launch an internal cloud computing incubator for its staff

Absa Group has launched a cloud incubator initiative in collaboration with Amazon Web Services. The initiative is aimed at enhancing…

April 9, 2021

Telkom Kenya Subscribers To Buy Standard Group’s e-papers Using Airtime

Telkom Kenya has partnered with Standard Group to enable customers to buy digital versions of The Standard and The Nairobian…

April 8, 2021

Kris Senanu and Steve Okeyo exit Telkom Kenya

Telkom Kenya has today announced that two of its senior colleagues are leaving the company. The two are Steve Okeyo,…

April 7, 2021

Airtel Kenya Prepares 5G Switch to Rival Safaricom

Being an early adopter of the fifth generation of cellular networks, or 5G, Safaricom is positioned to become the first…

April 5, 2021

More Kenyans Take Up Fixed Internet Services

The latest Sector Statistics report from the Communication Authority of Kenya is out, detailing how various ICT industry sectors performed…

April 5, 2021

Kenyans Sent Nearly Ksh 1 Trillion to Businesses in Three Months

As the country opened from the over 3-month lockdown effective March 18, 2020, to July 7, Kenyans spend increased as…

April 1, 2021

Telkom Kenya Announces Easter Device Promotion

Telkom Kenya has announced new offers on a variety of devices as part of its Easter promotion. The telco will…

March 31, 2021

Huawei 2020 Annual Report Announced, Sales Revenue up Despite US Sanctions

Chinese technology company Huawei has announced its 2020 annual report. The 2020 annual report shows stronger resilience despite the harsh…

March 31, 2021

Equity Bank Registers 51% Balance Sheet Growth

Equity Bank has weathered the COVID-19 disruption to register a 51% growth in its balance sheet with total assets growing…

March 26, 2021

Safaricom 5G: Speeds, Availability, Supported Phones, Coverage

Safaricom did 5G tests in the country in 2020. The telco planned to launch the next generation of mobile networks…

March 25, 2021

Equity Bank, FMO-NASIRA sign guarantee program for COVID-19 support

Equity Bank Kenya has entered into a new partnership with the Netherlands FMO development bank with the signing of a NASIRA…

March 23, 2021

Microsoft Reportedly in Talks to Acquire Game Chat Service Discord

Microsoft is in talks to purchase chat communication service Discord. The chat communication service, popular with gamers, could cost the…

March 19, 2021

Jumia launches Food Festival campaign to support local restaurants

E-commerce platform Jumia has launched a Food Festival Campaign to support local restaurants. The campaign will run from 19th March…

March 19, 2021

Newly signed Equity SME guarantees to benefit more women owned SMEs

A bulk of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned…

March 19, 2021

Here’s a Breakdown of Telkom Kenya’s New T-kash charges effective 5th March 2021

Telkom Kenya recently reviewed charges for its mobile money service T-kash. Effective 5th March, the telco said that all Person-to-Person…

March 18, 2021

Airtel Africa Sells Minority Stake in Mobile Money Business for $200 Million

Airtel Africa, a subsidiary of India’s Bharti Airtel, has finally offloaded a minority stake in its mobile money business. The…

March 17, 2021

Huawei to Charge Smartphone Companies Using Its Patented 5G Technology

Chinese telecommunications giant Huawei will begin collecting royalties from smartphone makers using its patented 5G technology. Huawei charging for its…

March 16, 2021

Flutterwave Partners with PayPal to Enable African Merchants Receive Payments from Abroad

African fintech company Flutterwave is partnering with US payments giant PayPal. The collaboration is a big sigh of relief to…

March 12, 2021

U.S Government Adds New 5G Licensing Restrictions to Huawei Suppliers

The U.S. government has imposed new licensing restrictions to some Huawei suppliers regarding technology components meant “for use in or…

March 12, 2021

Telkom Kenya Freedom Friday Bundles Offer More Data for Less

Telkom Kenya is running a new promotion offering its customers more data for less. Known as Telkom Freedom Friday, the…

March 11, 2021

Apple to Build ‘state-of-the-art’ Chip Design Facility in Germany

American technology giant Apple has announced its plans to invest in a new chip design plant in the European country…

March 10, 2021

Equity Signs Kshs 11 Billion Credit Facility with European Development Banks to Support local MSMEs

Equity Group has signed a Kshs 11 Billion loan facility with Team Europe, Germany’s DEG, the Netherlands FMO and the…

March 8, 2021

Huawei’s smartphone struggles are also affecting it in China

The ongoing US sanctions on Chinese technology giant Huawei are hitting the company hard. It’s smartphone sales have plummeted in…

March 5, 2021

Sending Ksh.100 on T-kash is now free as Telkom Kenya reviews tariffs

Telkom Kenya has today reviewed tariffs for its mobile money service T-Kash. Starting today the company says all Person-to-Person transactions…

March 4, 2021

Telkom Kenya’s New Subscribers Offer Now Comes With 500MB Free Monthly Data

Telkom Kenya has launched a new Welcome Offer for subscribers joining the network for the first time. The Welcome Offer…

March 4, 2021

AAR Insurance Goes Digital with New Mobile App

AAR Insurance Kenya has launched a new mobile app available on Google Play Store and the App Store. The new…

March 2, 2021

Jumia Expanding Food Delivery Business to Egypt

Jumia wants to deliver more food across Africa, one of its executives said in an interview. According to co-Chief Executive…

February 25, 2021

Faulu Bank to lend Ksh.3 billion to local SMEs

Faulu Microfinance Bank plans to lend up to Ksh.3 billion to local micro, small and medium enterprises (SMEs) to help…

February 24, 2021

Kikao64 opens new co-working space in Eldoret town

Kikao64 has opened a new co-working space, an ‘inspirational hub’, in Eldoret town. The company says this launch is in…

February 22, 2021

Apple Becomes World’s Biggest Smartphone Maker Again

Due to the disruptions caused by the covid pandemic, smartphone sales declined in the final quarter of 2020, during the…

February 19, 2021

Ethiopia Denies Shortlisting Safaricom for Telco License

A report emerged on Wednesday that Kenya’s largest telco Safaricom had made it to the shortlist of six firms selected…

February 18, 2021

Kenya’s Online Shopping Score Drops

Kenya has dropped in rankings on the UN’s latest e-commerce Index in Africa, which indicates a country’s readiness to support…

February 18, 2021

Safaricom Joins Shortlist of Firms Qualified for Ethiopia Telco License Bid

Safaricom has been shortlisted in the final list of firms that will bid for one of the two telecom license…

February 17, 2021

Safaricom Adds Data Caps to Home Fibre: Here’s what you need to know

Last week, Safaricom announced they were doubling Home Fibre Speeds. Safaricom Home Fibre customers would enjoy increased speeds without an…

February 16, 2021

Equity Opens Central and Southern Africa Regional office

Equity Group has opened a new dedicated sub-continent office for the Central and Southern Africa Region. It has also appointed…

February 15, 2021

StarTimes reduces decoder prices to Ksh.999

Pay Television Company StarTimes has today announced a decoder price reduction of up to 33% targeting new subscribers. The StarTimes…

February 12, 2021

Absa Kenya to Invest Ksh1.6 Billion in Digital Products

People are reluctantly visiting bank halls due to proliferation of mobile banking that has made it easier for customers to…

February 12, 2021

Equity BCDC Unveils New Identity as It Positions to be the Bank of Choice in DRC

After a successful merger of Equity Bank Congo (EBC) and Banque Commerciale du Congo (BCDC), to form Equity BCDC, the…

February 12, 2021

Court Clears Regulatory Hurdle for Stalled Telkom, Airtel Kenya Merger

Telkom and Airtel Kenya’s merger plan came to a halt in August last year following a series of regulatory hurdles.…

February 12, 2021

Safaricom Wins Big in Sh1.6bn CA’s Network Upgrade Tender

Safaricom has won the lion’s share in a network upgrade tender awarded to a total of five companies. Safaricom and…

February 11, 2021

Twitter is Considering Paid Subscriptions, Again

Twitter Inc.’s business is strongly supported by advertising, but it has been mulling to expand revenue streams for a while.…

February 10, 2021

Safaricom Increases Home Fibre Speeds

Safaricom has announced changes to its Fibre to the Home customers increasing speeds, but retaining prices as they currently are.…

February 9, 2021

Kenya Bets on ICT for Economic Transformation

Kenya is championing ICT to aid economic transformation. During the 2021 Africa Business Forum held virtually, President Uhuru Kenyatta praised…

February 3, 2021

Airtel Africa to Sell Minority Stake in Airtel Money

Airtel Africa, the African subsidiary of India’s Bharti Airtel wants to sell a minority stake in its mobile services platform…

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