Search Results for: SMEs
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News
Airtel Africa ventures into data centre business, first facility to go live in Lagos
Airtel Africa has launched Nxtra, its data centre business that it says has been founded on a commitment to meet…
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News
5,300 small businesses across Africa graduate from Google’s Hustle Academy
Five thousand three hundred (5,300) small and medium-sized businesses (SMBs) from across South Africa, Kenya, and Nigeria have graduated from Google’s…
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News
Continued growth of Africa’s FinTechs can unlock greater economic prosperity
Africa is one of the fastest growing FinTech markets with revenue forecasted to grow 13 fold to $65-billion by 2030.…
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News
Airtel Kenya to roll out additional 100 5G sites across the country by end of year
Airtel Kenya has revealed plans to roll out an additional 100 5G sites across the country before the end of…
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News
Seven Kenyan women-led startups receive Ksh. 9.8 million funding from Standard Chartered Bank
Standard Chartered Kenya on Wednesday awarded KES 1.4 million (USD 10,000) each to seven women startups that graduated from its…
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COLUMNS
Rapid Digitalization in Africa Raises New Cyberthreats: Building Cyber Resilience with Cloud-Native Security
Africa’s digital environment is rapidly evolving. The introduction of cloud technologies and the Internet of Things (IoT) has sped up…
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News
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
Data and AI technology company Flapmax has announced the twelve startups selected for the second cohort of the FAST Accelerator…
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News
Why Launch of M-PESA Ethiopia is set to ignite a financial revolution in one of Africa’s biggest economy
A recent report by the GSMA dubbed State of the Industry Report on Mobile Money 2023 underscores how mobile money…
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News
Twiga Foods suppliers yet to benefit from the Ksh.300M Hustler Fund promised by the government
Agri-tech startup Twiga Foods has revealed that its suppliers are yet to benefit from the Ksh.300 Hustler Fund promised by…
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News
You can now transact up to Ksh 500,000 daily on M-PESA
Kenya’s leading telco Safaricom is set to increase M-PESA daily transaction limits to KSh. 500,000 following approval from the Central…
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News
List of 12 growth stage startups selected for 2023 VC4A Venture Showcase Africa
Leading startup platform in emerging markets VC4A has announced the 12 African startups that have been selected to participate in…
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News
Google and USAID partner to expand SMB growth in Kenya
Google and the USAID eTrade Alliance have announced a partnership to expand the reach of the Hustle Academy Program in…
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News
High cost of 5G smartphones hindering 5G adoption, says Airtel Kenya MD
Kenya has joined several other African countries that continue to roll out 5G. As of now, two of the country’s…
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Startups
Zuri Health raises an undisclosed amount for funding from Five35 Ventures
Six months after raising an undisclosed amount of funding from Moroccan VC UM6P Ventures, Kenyan health-tech startup Zuri Health has…
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Startups
Visa opens applications for its Africa Fintech Accelerator Program
Payments tech company Visa has opened applications for startups to participate in the first cohort of the Visa Africa Fintech…
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News
Liquid Dataport to expand its new fibre routes connecting Angola and Zambia
Liquid Dataport, a business of Liquid Intelligent Technologies has announced plans to expand its fibre backbone to connect Luanda, Angola…
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News
Fintech startup Okoora and MAX partner to deliver comprehensive currency solutions
Swiss-Israeli fintech startup Okoora has partnered with MAX, a leading Israeli credit card company to revolutionize the field of foreign…
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News
Risana Zitha: B2B payments set to be the next focus for VC’s in Africa
Africa’s $1.5 trillion B2B payments market is ripe for innovation and represents a golden opportunity for investors and entrepreneurs looking to…
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News
Airtel becomes second operator to launch 5G in Kenya
Airtel Kenya has officially become the second operator to launch 5G network after Safaricom. Launched on Tuesday, the telco noted…
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News
Influencer Marketing Platform Aifluence wins of the Visa Everywhere Initiative Kenya Finals
AIfluence, the Kenyan AI-driven Influencer Marketing Platform has been named the winner of the Kenya edition of the 2023 Visa…
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News
John Waibochi: Digitizing supply chains across Africa presents immense opportunities.
Manufacturers, producers, and businesses have received a clear message over the past few years: digitizing supply chain management is essential…
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Startups
CNN’s Connecting Africa explores Nairobi’s role as a technology hub
In the latest episode of Connecting Africa, CNN International’s Eleni Giokos visits Nairobi to see the role technology can play in boosting…
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News
Here are the five startups pitching at the 2023 Visa Everywhere Initiative Kenya edition
Payments firm Visa has unveiled the five finalists shortlisted for the final round of the 2023 Visa Everywhere Initiative (VEI).…
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News
5 Kenyan startups among the 25 selected to receive $4M Google for Startups’ Black Founders Fund
Five Kenyan startups are among the twenty-five from across Africa that have been selected for this year’s $ 4 Google…
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BUSINESS
#Budget2023KE: Government to allocate a further Ksh.10 billion to the Hustler Fund
The Government has revealed plans to allocate a further Ksh.10 billion to the Hustler Fund. The digital financial initiative was…
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BUSINESS
Kenya Power pilots smart poles for its home internet supply business
Kenya Power has been mooting the idea of providing fixed internet for some time now. As of last year, the…
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BUSINESS
One customer ordered 239 burgers on Glovo in 2022
Glovo just released insights into what burger consumption in Kenya has been like in 2022 to commemorate International Burger Day…
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News
Zoho officially opens its new office in Nairobi
Zoho Corporation, the Indian technology company building enterprise management solutions has officially opened its new office in Nairobi. The new…
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BUSINESS
Winners of the Mastercard Women SME Leaders Awards 2023 Announced
Mastercard has announced the winners of its second edition of the Women SME Leaders Awards. The award celebrates the achievements…
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BUSINESS
How to apply for Hustler fund via Telkom
The Hustler Fund went live in December last year. President William Ruto launched the digital financial initiative on November 30th…
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News
Airtel Kenya launches an all-in-one plan for its customers
Airtel Kenya on Monday launched an all-in-one plan offering different postpaid plans for calls, SMS, and data for its customers. …
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News
Shop Zetu Mini App now available on the M-PESA Super App
Fashion e-commerce Shop Zetu has partnered with Safaricom to launch the Shop Zetu Mini App on the M-PESA Super App.…
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News
Hustler Fund: Kenyans have so far borrowed more than Ksh26.4 billion
Kenyans have borrowed more than Ksh26.4 billion from the Hustler Fund since it was launched on November 30, 2022. This…
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News
Flutterwave Secures Two Additional Licenses to Operate in Rwanda
Nigerian remittance company Flutterwave has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National…
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BUSINESS
Fin acquires Thuthukani and integrates it as Fin Home Loans in South Africa
Fintech firm Fin has announced that it has completed the acquisition of South African housing finance provider Thuthukani Housing Finance…
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News
Zoho opens new headquarters and training center in Nairobi
Zoho Corporation, the Indian technology company building enterprise management solutions has announced the opening of its new headquarters in Nairobi.…
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News
Nigerian digital bank Umba launches its operations in Kenya
Umba, a pan-African digital bank that acquired Kenya’s Daraja Microfinance Bank last year has officially launched its operations in the…
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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
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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BUSINESS
Glovo Local launched to help small businesses digitize their products and services
Glovo has launched a new program targeting SMEs in the retail and restaurant industries. Known as Glovo Local, the multi-category…
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News
Number of sellers on Jumia in Kenya increased by 20% this year
Jumia says more than 5,000 sellers joined the platform in 2022, a 20% increase from the previous year. The e-commerce…
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News
Hustler Fund: How to apply and everything else you need to know
The Hustler Fund finally went live this week. President William Ruto launched the digital financial initiative on November 30th which…
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News
Egyptian B2B marketplace SPEED acquired by UAE-based firm X-ERA
UAE-based logistics services provider X-ERA has acquired Egypt’s B2B marketplace SPEED, as part of its international expansion strategy. SPEED connects suppliers…
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News
Airtel Africa and OneWeb to provide satellite internet connectivity across Africa
OneWeb, a London-headquartered communications solutions company has partnered with Airtel Africa to provide satellite internet connectivity across the continent. The…
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News
Kenyans can now enjoy PayPal withdrawals on Equity Mobile App
Equity customers who use PayPal to send and receive money now have an alternative means of making transactions. The bank…
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Startups
Nigeria’s Payhippo acquires Maritime Microfinance Bank to expand its customer offerings
Payhippo, a fintech that offers credit facilities to SMEs in Nigeria has acquired Maritime Microfinance Bank (MFB). MFB is a…
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News
Software firm Odoo has chosen Nairobi as its African headquarters
Odoo, a Belgium company that builds business solutions for eCommerce, accounting and inventory has been slowly making its presence felt…
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News
Mastercard and Cellulant announce digital commerce payments partnership
Mastercard and Cellulant have partnered to allow Cellulant customers across Africa to shop and pay online with global merchants wherever…
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News
Zoho says it has recorded 96% growth in Kenya in the past year
Zoho Corporation, the Indian technology company that creates integrated software for businesses has highlighted major milestones since launching into the…
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News
Huawei to invest Ksh.30 billion for digital transformation in Africa
Chinese technology giant Huawei has announced a commitment to invest approximately KES.30 billion in various initiatives that will advance industrial…
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News
EzyAgric and Pezesha launch Buy Now Pay Later services for Ugandan agro-dealers
Kenyan fintech Pezesha has partnered with EzyAgric to launch a buy-now-pay-later (BNPL) scheme for agro-dealers all over Uganda. EzyAgric has…
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CLOUD
EIJI OTA: Cloud services can bring the benefits of automation to every print business
It’s frustrating for small business owners to hear about great solutions that boost productivity, streamline processes and remove unseen costs,…
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News
Liquid Dataport taps into Google’s Equiano sea cable to provide faster and affordable internet for consumers in SA
Liquid Dataport has acquired a pair of fibre cables on Equiano, the new West coast submarine cable as it seeks…
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News
Linda Ndung’u is the New Country Manager for Bolt Kenya
Ride-hailing company Bolt has appointed Linda Ndungu as its new country manager, charged with the responsibility of scaling the company’s…
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News
Safaricom, NCBA back President Ruto’s push to delist loan defaulters from CRB list
Safaricom, NCBA bank and other partners have agreed to back the government’s plan to delist Kenyans who are negatively listed…
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News
Zoho has launched VAT and TIMS accounting software for Kenyan businesses
Zoho Corporation, the Indian-headquartered technology company that builds software for businesses has launched its VAT and TIMS-compliant online accounting software…
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News
Microsoft, AfDB partner to drive youth entrepreneurship in Africa
Microsoft is expanding its partnership with the African Development Bank (AfDB ) to support Africa’s youth entrepreneurs under the bank’s…
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News
Kenyan Tech Firm Brings Cloud-Based Services Closer Home to Marginalized Communities
According to the International Labour Organization, in 2021 unemployment rate in Kenya increased to 6.6 per cent. A significant percentage…
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News
Unicorn Growth Capital, EchoVC join Celo Foundation to support Web3 projects across Africa
Unicorn Growth Capital, an Africa-focused venture fund investing at the intersection of traditional finance (TradFi) and decentralized finance (DeFi), and EchoVC,…
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News
Jaime Pinto appointed Software Group’s Chief Commercial Officer for Africa
Software Group has announced the appointment of Jaime Pinto as the Chief Commercial Officer for the Africa region. Jaime brings…
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News
Nigerian fintech Kippa has raised $8.4 million seed round
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round. This round of funding was led by…
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Startups
Nigerian fintech startup NowNow raises $13 million for expansion across Africa
Nigerian fintech startup NowNow Digital Systems has raised $13M seed round for expansion across Africa. The company was founded in…
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CYBER SECURITY
Cybersecurity is foundational for an economic recovery that works for all, says Dell
With citizens, governments, and businesses more dependent than ever on digital connectivity, one of the most pressing sectoral issues for…
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News
Kunle Awosika takes up new role at Microsoft’s Africa Transformation Office
Microsoft has appointed Kunle Awosika to the position of Managing Director for the Africa Transformation Office (ATO). Kunle takes over…
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Startups
Kenya’s Fintech Pezesha Has Raised $11 Million to Expand Across Africa
Pezesha, a Kenyan fintech that has built a platform where small and medium enterprises can access funding has raised $11…
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News
PATRICK NDEGWA: Will the updated National Digital Masterplan accelerate digital transformation in Kenya?
In April 2022, Kenya’s Ministry of ICT, Innovation and Youth Affairs marked a significant step in the country’s journey towards…
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Startups
Kenyan HR startup FaidiHR raises undisclosed amount of funding from SprintX
Kenyan startup Crew HR & Payroll has rebranded to FaidiHR after it received an undisclosed amount of funding from SprintX,…
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Startups
Nigeria’s Kwik has launched a free eCommerce storefront for African merchants
Nigeria’s digital commerce enabler Kwik has introduced KwikStore, a storefront that enables merchants across Africa to build and run a…
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News
Bulk SMS provider VasPro celebrates Kenyan tennis star Angela Okutoyi, offers financial help
Bulk SMEs provider Vaspro has today shown appreciation to tennis sensation Angela Okutoyi after she made history by becoming the…
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BUSINESS
Equity is proof that doing well is intertwined with doing good
Equity has continued to prove that doing well can go hand in hand with doing good. This has over time…
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Startups
Autochek acquires CoinAfrique to accelerate its expansion across Francophone Africa
Autochek, the Nigerian automotive startup has accelerated its expansion to Francophone Africa after acquiring CoinAfrique for an undisclosed amount. CoinAfrique…
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BUSINESS
Mastercard Expands its Jaza Duka Micro-Credit Program with Kasha
Mastercard today announced that Kasha, the purpose-driven digital retail and distribution platform has joined Jaza Duka, Mastercard’s micro-credit digital lending platform…
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News
Nigerian fintech firm VeendHQ secures $330k pre-seed investment
Nigerian fintech firm VeendHQ has secured $330k pre-seed funding to expand its operations. Magic Fund, The Oak Capital, Future Africa, Berrywood…
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News
Microsoft counts on partnerships to drive digital transformation in Africa’s agriculture
Microsoft has reaffirmed its commitment to working with both the private and public sectors to accelerate digital transformation in African…
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News
Jumia sells motorbikes for 10 Bob as it Celebrates its 10th Anniversary
Kenya’s leading e-commerce platform Jumia will mark its 10th Anniversary by celebrating consumers and supporting sellers. The company’s anniversary-themed ‘10…
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News
Jumia celebrates 10 years of e-commerce in Kenya
Kenya’s leading e-commerce platform Jumia is marking its 10th Anniversary by celebrating consumers, and supporting sellers, and communities. The company’s…
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News
University Don, Prof. Timothy Waema launches a book on strategy
Prof. Timothy Waema, a Professor at the University of Nairobi and his two co-authors, Ron Price and Dr. Evans Baiya…
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News
AfriLabs Academy to facilitate capacity building among startups in Africa
As innovation hubs increase in number across Africa, the need for capacity building, benchmarking and other supportive initiatives prevail. It’s…
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Startups
Egyptian Fintech Paymob raises $50M in Series B funding
The continued attention on African fintech startups is attracting unprecedented attention and investments from high-ranking venture capitalists. The latest such…
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News
Kibanda owners in Kenya can now sign up with Glovo for free
On-demand delivery platform Glovo is upscaling its partnerships to support Small Business Enterprises (SMEs) in Kenya. The company has created…
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News
Glovo Kenya tech startup pitch competition winners announced
On-demand delivery platform Glovo has announced the winners of its tech startup pitch competition in Kenya. Glovo in partnership with…
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News
Sa Nyoung Kim: Local entrepreneurs should partner with big firms to drive customer value
Small and Medium Enterprises (SMEs) constitute over 90 per cent of businesses in Kenya and provide seven out of ten…
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News
CcHUB, Google unveil 9 Startups selected for the Fintech Incubation Programme in Rwanda
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation…
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WomenInTech
Shirley Somuah named Partner at Lagos based private equity fund manager CardinalStone Capital
Lagos-based private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as its new Partner. The appointment comes…
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News
Safaricom revamps its data plans, to offer 100% more data at no extra cost
Safaricom has today made some adjustments to its data plans. With the new changes, customers are set to enjoy up…
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Startups
Flutterwave goes live in Tanzania
African fintech Flutterwave has received approval from the Bank of Tanzania (BoT) to launch its payment service in the country.…
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News
Standard Chartered Bank opens applications for its 5th cohort of its Women in Tech program
Standard Chartered Bank has opened applications for the 5th cohort of its Women in Tech incubator program. The program, which…
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BUSINESS
Women Leading Transformation in Africa, says Zuri Foundation CEO Norah Muthoni
Women are now taking the lead in the transformation of Africa as the continent makes tremendous progress driving gender parity. Speaking…
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BUSINESS
JOSHUA OIGARA: Micro, Small and Medium Entrepreneurs Need Innovative Support for Quicker Recovery
The COVID-19 pandemic has largely been framed as a public health crisis, over one and a half years since it…
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Startups
Glovo launches pitch competition for tech startups in Kenya
On-demand delivery platform Glovo has launched a pitch competition targeting early-stage tech startups in Kenya that are delivering value to…
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Startups
Microsoft to support 10,000 African startups over the next five years
Microsoft has today announced new initiatives to support 10,000 African startups. The initiatives will be run under its recently established…
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Startups
South African fintechs Payflex and Merchant Capital launch cash advance solution for small retailers
Two South African fintechs, alternative lender Merchant Capital and buy-now-pay-later (BNPL) specialist Payflex, have launched a cash advance solution for small…
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Startups
Kenyan startup MarketForce raises $40M to scale its merchant inventory financing program
Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa Today, MarketForce has raised $40…
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BUSINESS
Mastercard opens nominations for its Women SME Leaders Awards 2022
Mastercard has announced the inaugural Women SME Leaders Awards 2022, to recognize and further empower women-owned and run SMEs in the…
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News
Logistics startup Truck It raises $13 million seed round, largest in MENAP trucking space
Pakistan’s logistics tech startup Truck It In has closed a $13 million seed round jointly led by venture capital firms…
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Startups
Kenyan fintech startup Zanifu raises $1M funding, eyes Ghana and Uganda expansion
Kenyan fintech startup Zanifu has closed a $ 1 million seed round to scale its business and improve on its…
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