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...
Vodafone Quits Facebook Libra Association, To Focus On M-Pesa Expansion To More Countries
Facebook's Libra project has been heavily criticized over the parent's company issues with how it handled customer data in the past. The Libra Association...
Uber Sells Its Food Delivery Business, UberEats, To Local Rival In India
Uber has officially sold its food delivery arm to Zomato, a local rival in India. As part of the deal, the ride-hailing company will...
MTN Uganda Begins 5G Trials In Partnership With China’s ZTE
Last week on Friday, China's ZTE, together with MTN Uganda, officially began trials of the Standalone 5G network in the country. This makes Uganda...
Safaricom Partners With Ria Money To Enable International Money Transfers With M-PESA
Safaricom has today announced a new partnership with Ria Money Transfer that will allow MPESA users to receive money from over 20 countries across...
[Updated: OKash Compliance] Opera’s Predatory Loan Apps With Crazy Interest Rates Still Exist On...
Opera’s main browser business has not been doing well. Since it went public, the company's browser market share has immensely dropped from over 5%...
Safaricom and M-Gas partner to offer prepaid gas services for Kenyan homes
Safaricom and M-Gas have launched a prepaid gas service for Kenyan households. The new service according to the two is expected to empower Kenyan homes...
Global PC Shipments Rose By 2.3% In Q4 2019, Lenovo Still Ranks Number One...
Since the outbreak of portable alternatives, PC shipments have been slowing down slowly by slowly. This scenario however changed in 2019. According to reports...
Nigeria’s Attorney General has withdrawn a $2bn tax demand against MTN
MTN Nigeria has for a long time now been trying to fight a $2 billion tax dispute in court with the Nigerian authorities.
The company,...
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...
Telkom Kenya Revamps Data Bundle Offerings – Now Offers Upto Double Data For The...
Data in Kenya is getting cheaper as time goes by. Telkom Kenya’s rebranding brought some cheap 4G data on the market, and we have...
Safaricom Customers Being Conned Using Telco’s Official Number
Looks like fraudsters are always devising new ways to con people on the Safaricom network. A number of users are now claiming to be...
Safaricom Is Now The Largest Fiber Internet Provider In Kenya
Safaricom has now beaten Zuku to claim the number one spot in the fixed broadband market. The Wananchi Group-owned ISP has been the long-reigning...
Samsung Secures Top Spot In The Middle East And African Market, Thanks To Its...
Samsung Electronics has been ranked as the number one smartphone vendor in the Middle East and African market in Q3 2019. This is according...
Samsung Shipped More Than 6.7 Million Galaxy 5G Devices In 2019
Samsung Electronics has announced that it shipped over 6.7 million 5G capable Galaxy Phones in 2019. The company, being among the early adopters of...
We’re not exiting the Kenyan market, SWVL says
Ride-hailing company, SWVL has denied claims that it plans to exit the Kenyan market. The company has also refuted allegations that it has not...
Huawei To Focus On ‘Survival’ In 2020
In a New Year's message to employees, Huawei's Chairman, Eric Xu, said that the company's top priority for 2020 would be survival. "Survival will...
Huawei’s 2019 Revenue Increased By 18%, Expects Difficult Times Ahead
Even though Huawei was faced with rough times throughout the second half of 2019, the company has still been able to record an increase...
Uber’s Ride-Hailing Service Banned In Germany And Colombia
Uber’s ride-hailing business has been banned after a regional court in Frankfurt, Germany decided that the US company has no necessary license to offer...
Jumia says it attracted over 100M unique visits during Jumia Black Friday 2019
Jumia has reported that the 2019 Black Friday had hit a record high, attracting over 100 million unique visits to the Jumia website.
In an...
Bolt is expanding to seven more towns in Kenya
Ride-hailing app Bolt is extending its operations into more Kenyan towns. The company is expanding to Nyeri, Meru, Embu, Nanyuki, Karatina, Kilifi and Malindi...
Huawei To Narrow The Gap With Samsung In The Smartphone Market
Huawei has been ambitious to become the number one smartphone seller by the end of the year. But that changed after the company run...
Visa is partnering with MFS Africa to boost digital payments among African consumers and...
Visa and pan-African fintech leader MFS Africa have announced a partnership to boost digital payments among African consumers and businesses.
This new partnership, according to...
Telkom South Africa shuts down its ADSL copper network, forces customers to move to...
Telkom South Africa is shutting down its ADSL copper network and is ultimately forcing its business customers to move to the cloud. This according...
Airtel Kenya Revamps Amazing Data Bundles With More Data
Airtel Kenya has also launched new offers on its amazing data bundles plans. Furthermore, Airtel has also revamped its offerings on calls, both off-net...
Amazon Sent Random Items To Nintendo Switch Buyers On Black Friday, Including Condoms
Amazon users getting a Nintendo Switch were in for a shock this Black Friday. Amazon reportedly sent random and in some instances weird items...
Safaricom M-PESA Users Can Now Invest and Earn Interest Through Mali
Mali is a new product by Safaricom that is targeted at M-PESA customers. Through Mali – Swahili name for Wealth, M-PESA users can be...
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...
Apple Now Owns Intel’s Smartphone Modem Business
Despite investing billions in its smartphone modem business over the years, Intel was forced out of the market by Qualcomm. The company sold its...
Safaricom Partners with Posta Kenya to Bring Digital P. O. Boxes tied to your...
Safaricom has today announced a partnership with Posta Kenya in a move to roll out digital post office boxes through a new product dubbed...
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...
Why eCommerce companies in Kenya should adopt online payments solutions
Research firm eMarketer estimate that global eCommerce will rise by 20.7% in 2019 to $3.535 trillion. The firm notes that Africa will experience identical...
Some US Companies Are Being Licensed To Resume Trading With Huawei
Recently, the US Commerce Department gave Huawei another 90-day temporary license to continue supporting its telco customers in rural America.
The latest reports indicate that...
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...
Safaricom Introduces New Internet Plans For Businesses
Apart from the popularly known home fiber plans, which are considerably cheaper, Safaricom also offers internet solutions for businesses. These plans in their nature...
Huawei Granted Another 90-Day Reprieve From The US Ban
For the third time, the US Commerce Department has granted Huawei a 90-day reprieve from the ban. The company received another temporary license effective...
Choose, Relax and Drive away with your dream car with Ngao Credit’s Motisha campaign
Owning a car has always been everyone’s dream and was probably one of your 2019 resolutions when the year started. The year is not...
Consumer benefits of using fintech for diaspora remittance
For most Kenyans living abroad, sending money back home can at times be a costly and a complicated ordeal. Traditionally, most of these Kenyans...
Payments technologies are disrupting the finance industry
Advancements in payments technologies have disrupted the finance industry in a very huge way. Payments transactions have completely evolved from simple cash payments to...
Equity Bank’s diaspora remittance volumes hit Sh100 billion in just nine months
Equity Bank's diaspora remittance volumes hit Sh100 billion in the nine months to September. This helped boost the lender's forex trading income to Sh....
Standard Chartered Bank lends KShs 6.3bn to SME in 9 months
Standard Chartered Bank says injected KShs 6.3 billion in direct and indirect lending to Micro, Small and Medium enterprises (SME) in 9 months to...
Jumia Black Friday Goes Live, Over 100,000 customers log in
The 2019 Jumia Black Friday finally kicked off last night Thursday, November 9th. Jumia Black Friday went live at exactly 11:59 and is expected...
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...
Airtel Kenya now has a Data Management feature
Years after Safaricom launched a data manager; Airtel has also done it in their most convenient way possible. The company yesterday rolled out a...
Truecaller is launching its Developer Program in Kenya
Truecaller is launching its developer program in Kenya which will enable 3rd party app developers, digital businesses, and startups in Kenya to utilize Truecaller’s...
Google Acquires Wearables Company Fitbit for $2.1 Billion
After some rumors that Google was in talks with Fitbit for a possible purchase, both companies have come clear yesterday disclosing the matter. Google...
Global Smartphones Shipments increased in Q3, first time in two years
After two years of a continuous slump in sales, the smartphone industry has finally ticked up a little bit.
According to the research firm, Canalysis,...
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...
Samsung records profit in its Mobile Business, thanks to strong Galaxy Note 10 sales
Samsung Electronics announced its quarterly results today, showing growth in revenue quarter-over-quarter. The company recorded a 56% decline in operating profits year-on-year, however, due...
Huawei Ships more phones daily than Sony in an Entire Quarter
Yeah, you read it right; Huawei ships more phones on an average day than Sony sold in an entire quarter. That is how big...
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....
Jumia partners with Posta Kenya to expand its pickup stations countrywide
Jumia Kenya has entered into a new partnership with Postal Corporation of Kenya to expand its pickup up stations across the country ahead of...
New Changes Available on Safaricom | Data Bundles with no Expiry, Free Sim Cards...
Kenya’s biggest Telco Safaricom, in celebration of its 19th birthday, made a few changes to its operations.
See, I’ll go straight on this. Data bundles...
Huawei Hits the 200 Million mark on Smartphone Shipments in 2019
Beginning May, Huawei has not had a good time as a result of the US ban. But that has not stopped the company from...
Huawei in talks with US telco Companies to license its 5G Business
A recent EXCLUSIVE story says Huawei is in early negotiations with US firms to license its 5G business to them.
This is according to the...
TECNO Mobile shares its African achievements at the China-Africa Mobile Internet Economy Summit in...
In recent years, Africa's mobile network infrastructure has been rapidly improved, and smartphones have been further popularized. The number of mobile Internet users in...
Huawei Q3’ 19 Results Show The Company is Still Doing Well Despite US Ban
Huawei has been under the limelight since the US ban back in May. Although the US eased up the ban, that only allowed the...
Netflix Subscriber Count Hits 158 Million, As Stranger Things 3 Hits New View Record
US streaming giant Netflix recently released its Q3 2019 earnings report, which shows an increase in revenue. The subscriber count grew, as well, but...
[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...
Passenger and cargo carrier Air Afrik to lay off 200 employees in Kenya and...
Passenger and cargo carrier Air Afrik is set to lay off at least 200 employees in Kenya and South Sudan by November 2019.
The carrier...
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...
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...
Safaricom Has Rebranded M-PESA To Support Eliud Kipchoge’s Challenge
Safaricom has rebranded its M-PESA logo in honor of Eliud Kipchoge in his challenge to become the first-ever athlete to run a full marathon...
Cellulant Unveils Tingg, Africa’s first Payments Super app in 8 Countries
Cellulant, a company touted as Africa’s leading financial technology company, has today announced the launch of Tingg. Tingg is an all-in-one, multi-functional consumer super...
M-PESA has been listed among the Top 10 Most Influential Finance Projects Of Last...
M-PESA has been recognised as one of the Top 10 Most Influential Finance Projects of the last 50 years. The Safaricom owned mobile money...
Jumia Food now has a subscription service
Jumia Food now has a subscription service. Known as Jumia Prime, the service will allow customers to pay a standard one, three or six...
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...
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...
Consider these key points before integrating a payment gateway into your website
More people are now shopping online and if you sell online, you have to make a smart move to provide a seamless checkout process...
Emergency loans and their benefits – Ngao Credit Limited
Emergency loans refer to short term loans meant to satisfy peoples' urgent financial needs. This means the borrower must pay off the debt within...
TAI+ has launched an app to directly link Kenya truckers and cargo shippers
Estonian based technology company TAI+ has launched a mobile App that enables truckers to connect cargo shippers directly in real-time in Kenya. The App will...
Safaricom has sold over 0.6 million Neon Devices in 2019
Safaricom’s Neon smartphones have been on the lower end of the smartphone market in Kenya, owing to their puny pricing models. This has given...
Making Your Home Smart
The world is changing in terms of technology. They say home is where your heart belongs. Home is where you get the little joys...
Growth in Fintech drives growth in cyberattacks, Kaspersky
Africa’s Fintech sector is booming! According to reports, Africa’s Fintech ecosystem has surged 60% in the last two years and the continent’s Fintech firms have...
LG opens its first premium electronic shop in Mombasa
LG Electronics has opened its first premium brand shop in Mombasa County to push its top-tier products. The new shop is located on the...
Drone Attacks Slice Saudi Arabia’s Oil Production Plant Outputs by Half
Along the weekend, Saudi Arabia has been seen as a production cut on its oil production volume country-wide. According to the Financial Times, the...
Nokia to strengthen its online presence through a new partnership with Jumia Kenya
HMD Global, the home of Nokia phones has entered into a new partnership with Jumia Kenya as the official distributor of all Nokia products...
Huawei CEO Interested in Selling their 5G Technology to a “Western buyer”
Amidst the on-going US trade ban and the US-China trade wars, Huawei CEO has revealed plans of selling their 5G Technology. Ren Zhengfei stated...
Jumia partners with over 50 brands to launch Jumia Mall, a new category to...
Jumia customers will from today be able to purchase their favourite products exclusively from authorized distributors. The e-commerce platform has introduced what it is...
Africa Logistics Properties forum addresses supply chain challenges in East Africa
Key stakeholders in the logistics industry gathered in Nairobi for a Supply Chain Network Forum to address the challenges facing the sector. The breakfast...
#Business: Here’s how you can take advantage of Ngao Credit’s 20 months loan repayment...
If you have ever been in need of cash to take care of your business or an item you’re importing, chances are that you...
More local SMEs need to start selling online, says Jumia Kenya MD Sam Chappatte
Kenya has for a long time been ranked among the African countries that are dominating the e-commerce sales. E-commerce has helped jump-start SMEs and...
Safaricom Wants Telkom and Airtel to Pay Ksh 1.3 Billion Debt Before Merger
Telkom Kenya Chief Executive Mugo Kibati on Tuesday said Safaricom was interfering with the Airtel-Telkom merge. Speaking at a news conference, Mugo Kibati said...
Boost your business profits with SwitchLink Africa’s Seamless Payment Processing service
If you run a business, it’s time to integrate payment processing with your accounting and ERP software. The payments processing industry in Kenya has...
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...
Shuttle-hailing firm SWVL set for KES 1.5b cash injection into Kenyan market
Cairo-based shuttle-hailing firm SWVL has announced plans to pump $15 million (KES 1.5 billion) into its Kenyan operations. With this financial injection, SWVL not...
Sendy has opened up its platform to include freight services
Kenya’s logistics platform Sendy has opened up its platform to include freight services from the inland container depot and long-haul logistics services.
Sendy has been...
Smartphone Sales Dipped Again in Q2 2019, Gartner Report
The latest report from Gartner an analytics firm reveal smartphone sales are still on a slump. The firm stated a total of 368 million...
Chinese Smartphone Maker X-TIGI Found Guilty of Evading to Pay $1.94 Million Tax in...
Chinese smartphone maker X-TIGI Mobile has been found guilty by Kenya’s taxman for evading to pay tax for an eight-month period. Mr. Gao Fei,...
Bolt launches food delivery services Bolt Food
Bolt, the ride-hailing service formerly known as Taxify is venturing into food delivery service, Bolt Food. The Estonia-headquartered company has already introduced the service in...
Huawei Expects a $10 Billion Loss As a Result of The US Ban
Huawei, the world’s second-largest smartphone maker, has again provided estimates of the impact of the on-going trade ban. But this time, the estimates are...
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...
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...
SwitchLink Africa: Providing Financial Inclusion For All
Financial inclusion has been on the rise in Africa over the past few years largely due to the innovation of digital financial services. In...
Discover and Verve Launch Verve Global Card
Verve, a payments technology and card business in Africa, and Discover Global Network, the payments brand of Discover, have launched the Verve Global Card.
Cardholders...
Import Financing and how it can benefit your business – Ngao Credit
If you have ever imported something - container or maybe a vehicle you have probably experienced some of the common challenges any trader would...
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...
