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,...
Gaming rivals, Microsoft and Sony collaborate on cloud services
Microsoft has announced their partnership with their long-term rival Sony on gaming cloud services. Despite their differences, Sony and Microsoft still have managed to...
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,...
Ecobank names MFS Africa Ltd as its Digital payment partner
Ecobank has announced the appointment of MFS Africa as its Digital payment partner enabling cross-platform payment services for Ecobank account holders.
The partnership allows Ecobank...
Airtel Kenya names new CEO as Adil Youssefi exits
Airtel Kenya has announced the appointment of Prasanta Das Sarma as the new Managing Director.
Prasanta Das Sarma takes over from Adil Youssefi who according...
Jumia Kenya names Sam Chappatte new Managing Director
Jumia has named Sam Chappatte as their new Managing Director for its Kenyan operations to replace Parinaz Firozi.
Prior to his appointment, Sam was managing...
Google Continues its Fight Against Fake Business Profiles on Maps
Google Maps has over 200million business profiles to date, which helps many connect people to businesses every day. Google Maps is massive with Google...
Safaricom says its mobile agriculture platform DigiFarm will outgrow M-PESA five years
Safaricom believes that mobile agriculture platform DigiFarm will outgrow M-PESA in the next five years. Speaking at the Afro-Asian Fintech Festival at the Kenya...
Telkom sets up fibre loop for Mombasa in network expansion
Telkom Kenya has begun setting up a fibre loop for the city of Mombasa to meet growing demand for faster data by its business...
Samsung opens its largest retail store in Africa at Two Rivers Mall
Samsung Electronics has opened a new interactive store at Two Rivers Mall bringing to 29, the total number of Samsung Experience Stores across the...
Visa Patners with four banks to launch mVisa mobile payment service in Kenya
Visa has today introduced a new mobile payment service in the country. Known as mVisa, the company says the service is will accelerate digital...
Samsung is shutting down its mobile phone factory in China
China being the world’s largest smartphone market, explains why many smartphone companies are camping there with mobile production plants. However, that does not mean...
M-PESA receives GSMA Mobile Money Certification for Operational Excellence
Safaricom’s M-PESA service has successfully passed the GSMA Mobile Money Certification, a global initiative that defines and promotes excellence in the provision of mobile...
Visa partners with Branch to provide micro credit facilities to Visa merchants across Kenya.
Visa has announced a new partnership with international mobile financial services firm Branch to offer custom financing to Visa merchants across Kenya. The eligible...
SBM bank acquires 75% Chase Bank deposits and assets
SBM bank Kenya has officially acquired 75 percent of Chase Bank assets and deposits. This is after the Central Bank of Kenya and Kenya...
Betting industry emerging as a major player in the mobile money industry
Kenyans transacted over Kes.960 billion through mobile money in the first three months of 2018. This is according to data from the Central Bank...
DTB, Mastercard and DPO Group extend digital payments in Kenya and Tanzania
Diamond Trust Bank (DTB) has joined African payment services provider DPO Group, and Mastercard in the rollout of a business to business (B2B) virtual...
I&M Bank records 6% decline in profit after tax
Mid-tier Bank I&M has reported a 6 percent decline in its profit after tax after posting a profit of sh 9.9 billion for the...
Jumia Named Among MIT Top 50 Smartest Companies 2017
Jumia Group (formerly Africa Internet Group), has for the second consecutive year been named in the list of MIT’s 50 smartest companies - 2017....
Mwangaza Light lighting up consumers with innovative solar powered products
Kenya's long-term development programme dubbed Vision 2030 aims to transform Kenya into a middle income country by the year 2030. The Vision comprises of...
Electronic Cargo Tracking System (ECTS) a Cost-Effective Tool in Transit Trade
Trailer and cargo tracking provides multiple benefits for the logistics industry in the global and East Africa region. In Kenya, the sector accounts for...
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...
CAK Gives US Firm Clearance To Buy 723 Telkom Kenya Towers
American Tower Corporation (ATC) has been given a go-ahead by Competition Authority of Kenya (CAK) to buy 723 Telkom Kenya towers. According to a...
Jumia House, Al Burooj Real Estate partner host Real Estate Event in Kenya
Jumia House has partnered with Dubai based real estate company Al Burooj Real Estate to host a Real Estate Event aimed at promoting its latest development, The...
What to consider before choosing international money transfer services
Financial technology (Fintech) companies have made it so easy for people to send money to Kenya. Currently, there so many remittance options for sending...
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,...
Is GOTV illegally charging its subscribers for free to air channels?
GOtv has done away with its Free to Air bouquet, dubbed as GOtv open bouquet, replacing it with GOtv lite where they will be...
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...
2017 Travel Goals; Explore Six of Africa’s Most Exotic Islands
No one talks of safari without mentioning the great treks that crisscross the African continent. So popular is this cradle of mankind for its...
[Update: Issue Resolved] Airtel Kenya is experiencing service outages
Airtel Kenya has been experiencing network outages since morning. The telco has come publicly at noon today through its different social media platforms confirming...
Safaricom opens up M-Pesa platform for Developers
Safaricom has opened up its M-PESA platform to allow local and international developers to come up with next-generation applications that will work with the...
Key Tips On How To Help Prevent Business Litigation
By Monika Hall, Law Office of Ronald D. Weiss
Disclaimer: This article should not be treated as legal advice. It’s recommended that readers consult legal counsel and...
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)...
Airtel partners with UBA Bank for Mobile Banking and Savings Services
Airtel has partnered with United Bank of Africa (UBA Bank) to provide mobile-based financial services to Kenyans.
The partnership will enable Airtel and UBA to...
Siemens to build 1,000km power line between Kenya and Ethiopia
Global engineering firm Siemens has been appointed in consortium with construction company Isolux Corsan to build a 1,000 kilometre power line from Ethiopia to...
CBA Partners With AGF and ECAP To Launch Faster Payments Solution For Corporate Suppliers
Commercial Bank of Africa (CBA) in partnership with African Guarantee Fund for Small and Medium-sized Enterprises(AGF) and ECap a Nairobi – based fintech firm...
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...
Four ways fintech is changing international money transfer space
According to recent data from the Central Bank of Kenya (CBK), diaspora inflows in the country rose to Ksh30.4 billion ($295.3 million) in June...
Uganda’s SolarNow opens its first branch in Kenya
With the demand for solar energy rapidly increasing, Uganda-based solar energy company SolarNow has now set its eyes for the Kenyan market. The company...
Nairobi County going cashless, Governor Mike Sonko announces
Governor Mike Sonko has announced plans to fully automate cash flow within all Nairobi County Systems. The plan according to the Governor is aimed...
Kenyan Power and Safaricom sign MoU to provide broadband Internet to more Kenyans
Kenya Power, through its subsidiary Kenya Power International has signed Memorandum of Understanding (MoU) with telecom service provider Safaricom to provide broadband Internet to...
Posta eyeing new partnership with Amazon
Kenya’s postal service provider the Kenya Postal Corporation of Kenya is eyeing a deal with American e-commerce company Amazon that will see it become their...
Equitel rolls out a new Riziki Cover bundle with talk time and insurance cover
Still using Equitel? Well, there is a new deal that will make you run for that SIM card if you don't use it already....
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...
Jubilee Insurance Launches three Mobile Apps for its Clients and Agents
Jubilee Insurance has launched three mobile apps to enable its customers and agents access self-service and e-commerce functionalities via their mobile phones.
The three...
Jumia Market will now allow users to comment, like, tag and follow sellers they...
Jumia Market is changing its business model from an online Marketplace to an online social shopping site. This is a peer to peer model...
ASEA holds 7th edition of African Financial Market seminar
The 7th edition of the Building African Financial Markets (BAFM) seminar has kicked off today, April 19, 2018, at Villa Rosa Kempinski, Nairobi. The two-day...
LG Customer Connections for Great Experiences
Walk into any of the LG showrooms and you immediately feel the difference in the experience that makes this establishment one of your...
Business: Petrol, Diesel and Kerosene prices go up in ERC June fuel review
Motorists in Nairobi will for the next one month pay Ksh 108.81 per litter for super petrol up from Ksh 107.17 in the month...
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...
Airtel Kenya drops roaming data and call rates in Uganda
Bharti Airtel has announced a significant reduction in data roaming and rates in Uganda.
The data rates have reduced by 78% and call rates by...
62 million: No. of international arrivals in Africa in 2017
Africa reached a record 62 million international arrivals in 2017, translating to a growth of 8%. Arrivals in Sub-Saharan Africa increased by 5% while...
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...
Tanda Launches Out of Beta To Help Retailers Source Their Inventory & Offer Credit...
Tanda, a Kenyan platform designed to make it easier to run a shop by allowing shop owners order and manage their inventory has launched...
Opinion: Who’s ready to Adopt Digital Financial Services?
By Ben Leo, CEO of Fraym
African consumers are the global leaders in the adoption of digital financial services like mobile money. Yet traditional banks and...
Huawei Has Sold 37 Million Units of The P30 And Mate 20 Devices
There is a reason why Huawei has been so much vocal about its business performance. Whatever it is, it must be in line with...
Direct-to-Bank deposits and how to it works
When sending or receiving money internationally, whether you’re an employer, employed or somewhere in-between you have several options. You can use cash, cheques, or...
Businesses in Africa worried about market volatility and political risks
Businesses operating in Africa increasingly worry about the unpredictable business environment where markets are volatile and political perils are on the rise. This is...
NetGuardians brings anti-fraud software solutions to Kenyan banks
Recent times have seen Kenyan banks being hit by several high profile fraud cases despite the Central Bank pledging tougher regulations. The cases have...
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.
The service will be...
Why reporting and analysis is an important part of fleet management business.
In today's society, technology has been changing at an unprecedented pace. When you consider that tablets sales are now about to overtake the combined...
Jumia Food announces plans to hire more female riders
Online food delivery company, Jumia Food has announced plans to recruit more women riders. The company’s new Managing Director Shreenal Ruparelia has pointed to...
SMEs at risk of digital exclusion, says ICAEW
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that smaller businesses could be excluded from world government’s plans to make...
Direct Bill Payments and its consumer benefits
Direct Bill Payments is a form of electronic bill payment that allows consumers to pay their bills for services or products over the internet...
Safaricom Revamps Storo Bonus with Free YouTube Bundles
Safaricom Kenya has unveiled a new plan adding free 200MB YouTube Bundles on top of the 200% Airtime bonus.
This is all under the Stori...
MTN Nigeria revenue up 13.4%, subscriber base increase to over 60m in Q1
MTN Nigeria service revenue increasing by 13.4 per cent year on year (YoY), the telco's subscriber base also increased by 2.1 million to 60.3...
Forget the Critics; Facebook Keeps Growing
Despite all the criticism thrown at Facebook, the company keeps going bigger, making ends meet in terms of revenue. The company's latest quarterly earnings...
MoneyGram Launches Account Deposit into Nigerian Banks from Key European Countries
MoneyGram has announced a new service that will allow customers in France, Germany, Ireland, Italy and Spain to send money to most personal Nigerian...
Cheki to hold free automotive educational event in Nairobi
In a bid to increase the public’s knowledge on issues in the automotive sector, Kenya’s online car trade platform, cheki.co.ke will on 21st November be hosting...
SWVL issues an update on its operation in Kenya
SWVL, the bus hailing app, has been operational in Kenya since early 2019. The company had to halt its operation in the country thanks...
Video: How things went down at The Nairobi International Trade Fair
The Nairobi International Trade Fair (NITF) is the largest Trade Fair in the East African Region. It is a seven day event that runs...
Regional and international experts gather in Nairobi to discuss the future of payments in...
The 2017 Seamless East Africa conference kicked off in Nairobi today, bringing together regional and international experts to discuss the future of payments in...
Cross-network money transfer between Safaricom and Telkom goes live
Cross-network mobile money transfer between Safaricom and Telkom went live in Kenya on Thursday. This came as the country’s main telcos come together to...
The NASCO 40-Inch LED TV is coming to Jumia
The NASCO 40-Inch LED TV With Integrated Decoder is coming to Jumia. NASCO might not a very common brand locally but very common in...
Safaricom, Kwesé iflix partner to bring World Cup streaming to smartphone users in Kenya
The FIFA World Cup 2018 start in six days. If you are football fanatic like me then you’re definitely looking forward to watching your...
Safaricom Introduces Reverse Call Feature
Safaricom Kenya’s Telecom operator yesterday introduced a new Reverse Call feature which compliments their “Please Call Me” feature that lets customers send a maximum...
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.
Meshack predicted...
Business: Petrol prices drop as that of diesel and kerosene go up.
Motorists in Nairobi will from midnight today pay less for petrol as the price of super petrol has gone down by sh 0.46.
Super petrol...
Jumia welcomes Mastercard as its new shareholder
A few weeks Jumia filed for an IPO on the New York Stock Exchange, the company has welcomed a new investor. The leading pan-African...
Taxi Chap Chap launches app in Kenya, goes head to head with Uber...
Taxi Chap Chap mobile app was officially launched yesterday. The launch came after a successful trialing for the last six month.
The Taxi Chap Chap...
Standard Chartered launches Africa’s most extensive roll out of mobile and online banking
Standard Chartered Bank has today unveiled its newest mobile and online banking platform for its 1 million clients across 8 African markets. The platform...
Creditinfo is giving free credit reports to its customers in Kenya and Tanzania
Today only, credit information and fintech services provider Creditinfo has announced an offer on credit reports for its customers in Kenya and Tanzania.
As you...
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...
Telkom introduces Free Zones with free calls for its pre-paid voice customers
Kenya's third largest mobile operator Telkom has launched Free Zones for its pre-paid voice customers. The Telkom Free zones according to the operator is...
Safaricom Denies It Plans To Start Monetizing User Location Data – Here Is What...
Early this week, I am sure you were bombarded with several articles alleging that Kenya’s biggest telco Safaricom was planning on monetizing user data.
The...
Ethiopia is partnering with Jack Ma’s Alibaba to build its digital economy
Ethiopia has entered into a partnership with Chinese e-commerce giant Alibaba to build and boost the country's digital economy. The announcement was made during...
SwitchLink Africa – Leveraging technology to drive efficient remittance
Latest data from the Central Bank of Kenya (CBK) indicates that Kenyans living and working abroad sent home Sh67.16 billion in the first three...
Safaricom’s Kredo Dabo Dabo Airtime Offer to give customers double talk-time to all networks
Safaricom has today launched what it is calling Kredo Dabo Dabo, a three-month offer that will see the telco’s customers enjoy double talk-time to...
Staying Relevant: #7 Travel and Tourism Trends to Watch Out For in 2017
From the advent of bleisure and braggies to the constitution of travel as a human right by the UNWTO, 2016 has been and still...
Halifax Limited launches first ever SMS- based Lottery in Kenya
Lottery operator Halifax Ltd. has today launched a one-of-its kind SMS-based lottery that will allow Kenyan mobile phone users to buy lottery tickets via...
Safaricom VoLTE goes live countrywide
Safaricom has today launched Voice over LTE (VoLTE) and Video over LTE (ViLTE) technology across the country aimed at meeting the rising demand for...
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...
KRA Wants Netflix, Uber, and Other Online businesses To Start Paying Income Tax
Kenya is going all-in in the taxation of online-based businesses according to a new digital Tax proposition by Kenya Revenue Authority (KRA). This includes...
Kilimall to be the sole online sellers of Infinix and Tecno’s new smartphone models
Online shopping mall Kilimall has partnered with phone brands Infinix and Tecno to be the sole online seller of Tecno’s newest model, Tecno Spark,...
Viettel launches mobile and internet services in Tanzania
Viettel has today unveiled mobile and internet services in Tanzania, under the brand name of Halotel. According to the telecom company, the launch reflects...
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...
Stima sacco launches m-pawa, a revolutionary mobile solution
By Nixon Kanali, TechTrendsKE
Stima Sacco has unveiled a new service that will see its members access an array of financial solutions through their mobile...
DPO Group acquires South Africa’s payment processor PayFast
African Payment Service Provider (PSP) DPO Group has announced its acquisition of South Africa's payment processor PayFast. The deal by the Nairobi headquartered DPO...
Airtel Kenya Appoints Titus Naikuni to chair its Board of Directors
Bharti Airtel has appointed former Kenya Airways Chief Executive Titus Naikuni as their new Airtel Kenya’s board of directors chairman.
He joins the team in...
Jumia Food Index report predicts a 50% increase in On-Demand deliveries in 2020
Jumia Food launched the Kenya Food Index yesterday. The report has some interesting stats and predictions about the type of food Kenyan prefer ordering...
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...
TRENDING
Data of Thousands of Mount Kenya University Students Leaked Online in...
A new report suggests that data of various Mount Kenya University students – both past and present – is being shared online in hacker...
24Bit Podcast Episode 22: Video Chat Apps – The new normal...
In this latest episode of our 24Bit Podcast, Emmanuel Chenze, Nick Kanali and Dickson Otieno discuss Video Chat Apps people are using with the...
EDITOR'S PICK
Google Sued For Allegedly Tracking Users in Incognito Mode
A new class-action lawsuit against Google’s parent company, Alphabet, is accusing the company against tracking users in incognito mode. The lawsuit could cost the...
