Search Results for: equity bank
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BUSINESS
Kenya’s Mobile Penetration Hits Record High As Safaricom and Telkom Lose Market Share
The Communication Authority of Kenya (CAK) has released a new Sector Statistics report detailing how the ICT sector performed in…
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BUSINESS
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…
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News
150 East African companies shortlisted for the 2019 CIO100 Awards
150 East African companies have been shortlisted for the 2019 CIO100 awards. The companies have been shortlisted ahead of the…
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News
536 East Africa companies compete for the coveted 2018 CIO100 Awards
With entries coming to an end, 536 East Africa companies participated for the analysis as 200 companies make it for…
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BUSINESS
PayPal is Blocking M-Pesa Linked Accounts Over Fraud
In April this year, Safaricom announced a new partnership with the online payment service and TransferTo to allow M-Pesa customers…
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BUSINESS
Kenyans in diaspora sent home over Sh. 25 billion in the month of May
Kenyans in the diaspora remitted back to the country over 25 billion in the month of May. This is an…
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BUSINESS
It’s now possible to make your PayPal withdrawals via M-Pesa.
If you use PayPal to receive payments in Kenya then this is the best news for you today. Safaricom has…
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BUSINESS
Mobile Money users in Kenya to start sending money across networks in March.
Safaricom and Airtel will on Monday 22nd January pilot mobile money interoperability across their networks awaiting the full roll-out in…
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COLUMNS
How to Answer, “Tell us about yourself” Plus examples
By Daniel Mutuku The number one job interview question usually is “Can you tell us about yourself?” Kenyan HR managers…
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BUSINESS
Jumia Black Friday is coming eleven days earlier
The Jumia Black Friday is here, and it is starting eleven days earlier. Jumia says this is to allow hoppers…
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News
Ingenico Group deploys a cashless Revenue Collection solution in Nyeri County
Ingenico Group has patnered with a Kenyan company Tracom to deploy a a Revenue Collection solution in the County of…
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News
Google to aid Kenyans plan public transport trips through Google Transit
Google has partnered with Digital Matatus – a Kenya-based startup – to launch Google Transit. Google Transit is a feature…
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News
Google to discontinue Bebapay Kenya website on Wednesday
Google has announced that it will discontinue the Bebapay Kenya – www.bebapay.co.ke – website from Wednesday April 1 , two…
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News
Liquid Telecom to invest $400,000 in Internet infrastructure in Kilifi County
By Nixon Kanali, TechTrendsKE Liquid Telecom is set to invest $400,000 in Internet infrastructure that will see Kilifi County in…
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BUSINESS
Safaricom aims at e-payment billions with M-Pesa cards
Safaricom plans to introduce M-Pesa payment cards that will be used for settling government services and taxes, in yet another…
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News
A ‘tap and go’ generation in Kibera
Kenya has approximately 2.5 million slum dwellers in about 200 settlements in Nairobi representing 60% of the Nairobi population, occupying…
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Startups
Applications for the Visa Everywhere Initiative 2024 Open
Visa has opened applications for its 2024 edition of the Visa Everywhere Initiative (VEI), a global open innovation program and…
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News
Equitel becomes the first MVNO in Africa to launch 5G services
Equitel announced today that it has become the first mobile virtual network operator (MVNO) in Africa to launch 5G services. …
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COLUMNS
[Mark Doumba] Kenya’s Innovation Boom: Thriving on Foreign Capital, But Can It Chart its Own Course?
As Foundry Fellows at the Legatum Center for Development and Entrepreneurship at MIT, we have the unique privilege to travel and dissect innovation and…
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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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Startups
Norrsken22’s tech growth fund closes at $205m to back African tech startups
Pan-African venture capital firm Norrsken22 has closed its first African technology growth fund at $205m, surpassing its target of $200m. …
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News
VICTOR BASTA: The most valuable ‘white spaces’ today in African investing
In the vast and diverse landscape of African growth investing, more opportunities abound today than ever before. Africa’s recent growth…
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News
South African logistics startup Tripplo raises $1.8m funding
South African logistics software platform Tripplo, has closed its seed funding extension round with a $1.8 million equity investment. The…
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News
TechCabal’s Inaugural Moonshot Conference brings Africa’s tech ecosystem to Lagos, Nigeria
African tech leaders and investors are set to gather in Lagos, Nigeria this October for TechCabal’s inaugural Moonshot Conference. They…
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News
IFC announces a $3.4 million investment in African e-commerce platform ANKA
IFC has announced a $3.4 million equity investment in leading African e-commerce platform ANKA. The funding will allow ANKA, an…
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News
MEST Africa Opens Applications for its Startup Pitch Competition
MEST Africa has opened applications for its 2023 Challenge Startup Pitch Competition for African startups. This year, the program is…
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News
Safaricom picks new CEO for its Ethiopia business unit
Wim Vanhelleputte has been named the new CEO for Safaricom Ethiopia effective September 1. His appointment comes just a week…
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News
Renewable energy firm Africa REN secures €32M for its Walo Storage project in West Africa
Africa REN, a leading renewables project developer in West Africa has received a €32M debt financing of its Walo Storage…
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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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Startups
10 startups selected for the inaugural Qualcomm Make in Africa Mentorship program
Qualcomm has announced the 10 startups selected to participate in the inaugural Make in Africa startup mentorship program. The program…
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News
Nigeria’s PSP Nomba raises $30 million Pre-Series B
Nigerian payment service provider Nomba has raised a $30 million Pre-Series B funding round to support the delivery of bespoke…
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News
YC-backed Curacel appoints Adam Jones to its advisory board
Curacel, a Nigerian YC-backed African insurance infrastructure startup has appointed Adam Jones to its advisory board to support ongoing growth across…
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BUSINESS
Mobile money taxation could hamper financial inclusion gains in Africa, report
In an increasingly digital economy, accelerated by the Covid-19 pandemic, there has been greater collaboration between the private sector and…
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News
AWS opens applications for its inaugural FinTech Africa Accelerator : How to apply
Amazon Web Services’ Startup Loft Accelerator has announced the inaugural launch of its AWS FinTech Africa Accelerator. The program is…
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News
Tips to Keep Your Money Safe in the Era of Growing Digital Fraud
The financial sector has undergone a significant transformation over the years, owing to the rapid technological advancements. Banking, in particular,…
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News
SA car-ownership financing startup Planet42 raises $100 million to scale its business
South African Car Subscription Startup Planet42 has raised $100 million in combined equity and debt funding. Launched in 2017, Planet42…
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News
AfricaGoGreen Fund closes $47 million to support tech-focused green projects in Africa
The AfricaGoGreen Fund (AGGF) has raised $47 million in combined investments from top financial organizations, including the International Finance Corporation…
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News
Egyptian fintech MNT-Halan is Africa’s newest Unicorn after raising $400M
Egyptian fintech startup MNT-Halan has become Africa’s newest unicorn after raising $400 million in debt and equity funding, raising its…
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News
Kenya Fintech startup Kwara Raises $3M Seed Extension
Kenyan fintech startup Kwara has raised a $3 million seed extension. The new investment was led by existing backers DOB Equity,…
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News
Ugandan Digital Lender Numida Has Raised $12.3 Million in Pre-Series A Round
Ugandan fintech startup Numida has been in operation since 2017. The company has found its footing, offering customers loans ranging…
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News
Biometrics tech firm iiDENTIFii raises $15 million growth capital
Biometrics tech firm iiDENTIFii has raised US$15 million growth capital, the largest African Series A in the identity verification space…
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News
Kenya’s Zuri Health and Damu Sasa to benefit from $7M fund from Bill Gates Foundation
Thirty companies from 14 African countries will benefit from a $7 million fund fronted by pan-African support organization Investing in…
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News
Kenya is Hosting Polygon’s First Web 3.0 Bootcamp in Africa, here’s how to sign up
Polygon has opened applications for the Polygon bootcamp, an eight-week intensive mentorship program and hackathon in Africa. The Polygon Bootcamp…
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Startups
Kenyan insurtech startup Turaco raises $10M Series A funding
Kenyan insurtech firm Turaco has closed a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest…
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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
Visa announces grant to support women entrepreneurs in Africa
Global payments firm Visa has announced a grant in support of African women entrepreneurs. The African Women Impact Fund (AWIF)…
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News
Flutterwave appoints ex-Goldman Sachs MD Gurbhej Dhillon as new CTO
Flutterwave has announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as its Chief Technology Officer (CTO). As…
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News
Kenyan insurtech firm mTek secures $3 million funding
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional …
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BUSINESS
I&M Group reports 44% increase in profit after tax in Q1 2022 results
I&M Group PLC has reported a 44% growth in Profit after tax to Kes 2.7 billion compared to Kes 1.9…
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News
CV VC Firm Launches Early-Stage Fund for African Blockchain Startups
Crypto Valley Venture Capital (CV VC) has today announced the launch of its African Blockchain Early-Stage Fund targeting blockchain startups…
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News
US VC firm Activant Capital opens new office in Cape Town
US-based Growth equity firm Activant Capital has announced that it is expanding its research and due diligence capabilities with a…
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Startups
Nigerian Trade Tech Firm Norebase Raises $1M in Pre-Seed Round
Norebase, a Nigeria-based trade technology firm announced on Wednesday that it has secured $1M pre-seed funding round. The funding round…
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Startups
M-KOPA raises $75M funding as it hits two million customer milestone
Connected asset financing platform M-KOPA, has raised $75M funding. The ”Growth Equity round” as the company describes it in a press…
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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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Startups
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa’s highest valued Unicorn
As the African fintech space continues to bloom, so does the funding. Flutterwave, the San Francisco-headquartered and Lagos-based company that…
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COLUMNS
TEJPAL BEDI: Regulating digital lenders in Kenya: The benefits for consumers and industries
In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously…
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Startups
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to…
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BUSINESS
Airtel Kenya is broke, surviving on hefty shareholder loans
Kenya’s second-largest telco Airtel Kenya is broke and surviving on a series of shareholder loans from its parent company Bharti…
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News
FSD Africa announces a £3m investment in Kenyan fintech firm MFact
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today announced a £3m investment in Kenyan fintech firm…
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Startups
AfDB to invest $170 million in Nigerian startups
The African Development Bank (AfDB) has approved a loan of $170 million to finance a digital and creative enterprises program…
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Startups
Auto financing startup Autochek Africa begins loan services for brand new cars
In what it says is to further deepen mobility, Autochek Africa, the leading auto tech platform, has launched a dedicated brand new…
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News
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ Service to Retailers Across Africa
Nigeria- and U.S.-based B2B eCommerce and embedded finance platform TradeDepot has raised $110 million in an equity and debt funding…
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News
[This Week in Tech] Wapi Pay founders step down from their roles
This has been quite an interesting week in tech in Africa. We covered a number of great announcements here at…
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News
Kepple Africa Ventures revokes its investment stake in Kenyan fintech startup Wapi Pay
Japanese VC firm Kepple Africa Ventures has announced that it will be revoking its investment in Kenyan fintech startup Wapi…
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News
Sendy acquires a significant stake in West African logistics startup Kamtar
Kenyan tech-logistics startup Sendy has completed a strategic equity investment in West African logistics platform Kamtar. On the heels of…
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News
Google partners with Kenyan women MPs to improve digital skills
Google and the Kenyan Women Parliamentary Association (KEWOPA) have announced a collaboration to improve gender equity, diversity and inclusion within…
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CLOUD
Africa Data Centres to build large hyperscale data centres across Africa
Africa’s carrier-neutral co-location data centre provider, Africa Data Centres has announced plans to build large hyperscale data centres throughout Africa,…
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BUSINESS
Equitel rolls out 4G services for its customers in Kenya
Equity’s mobile virtual network operator, Equitel, has launched 4G services to offer its customers improved Internet banking services. Equitel says…
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News
Kenyan fintech startup Wapi Pay raises $2.2m funding to digitise Africa-Asia trade payments
Kenyan fintech startup Wapi Pay has raised $2.2 Million in pre-seed funding to scale up global payments and remittances between…
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News
Visa signs agreement to acquire Currencycloud
Visa has announced that it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and…
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News
Convergence Partners closes its third fund at at US$120 million to drive digital inclusion in Africa
Convergence Partners has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at…
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News
EFG Hermes Kenya Launches Online Trading Mobile App
Kenya’s brokerage firm EFG Hermes has unveiled a new mobile app to offer retail investors seamless and convenient stock trading…
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News
Ghanaian Fintech startup Zeepay raises $7.9 million Series A funding
Ghanaian Fintech startup Zeepay, has announced the completion of a USD7.9 million Series A.0 funding. The funding is a hybrid of both…
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News
Industrialization Ministry launches Startup Savanna, a business acceleration programme for local early-stage startups
The Kenyan Ministry of Industrialization, Trade and Enterprise Development (MoITED) has launched Startup Savanna, a business acceleration programme that will…
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News
[Interview] Zahra Baitie-Boateng, Head of Partnership and Programs, Africa’s Business Heroes
Zahra Baitie-Boateng, is the Head of Partnership and Programs, Africa’s Business Heroes, Jack Ma Foundation’s flagship philanthropic program in Africa to support…
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COLUMNS
[Column] Faizal Bhana: Shariah-compliant Structuring and its Relevance to Impact Investing
Sustainable finance, specifically impact investing, has gained considerable momentum over the past few years and shows no sign of slowing…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Africa is Undergoing a Revolution in New Cloud and Data Centre Capacity
Compared with other Data Centre markets around the world, Africa is unique in the sense it has a population of…
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Startups
These are the 25 African tech startups that have qualified for Seedstars 2020 regional competition
25 African tech startups have qualified for the Seedstars World Competition 2020. The startups are among the 94 from emerging…
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News
These Are The 6 Kenyan Startups Selected For Google’s Startups Accelerator Africa 2020
Google has announced that 20 African startups that have been selected for its new class of Google for Startups Accelerator…
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COLUMNS
Data: Africa’s “new blood”, rather than the “new oil”
Data protection and privacy regulation in most, or even all, African countries are often less mature – particularly when compared…
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News
[Column] How fintechs are making Africa a leading global Innovation Hub
In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech…
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Startups
CDC Group to invest £2 billion in African businesses over the next two years
CDC Group is to commit a further £2bn into African businesses over the next two years, as it looks to…
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New Appointments
Jack Ngare named managing director for Microsoft’s African Development Centre in Kenya
Microsoft has appointed Finserve Africa’s Jack Ngare as the managing director of Africa Development Centre in Kenya that was launched…
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News
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…
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New Appointments
Lori Systems announces new appointments to expand across Africa
Kenyan-based logistics startup Lori Systems has announced the appointment of Uche Ogboi as the company’s Chief Operating Officer and Efayomi…
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News
Nigeria’s Venture Garden, Kenya’s Umati Capital & Tanzania’s Ubongo Kids mentioned in Mauritius Leaks tax avoidance claims in Africa
Nigeria’s Venture Garden, Kenya’s Umati Capital and Tanzania’s Ubongo Kids have been listed among firms extracting profits and avoiding tax in Africa according to a new report…
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New Appointments
MTN appoints Thato Motlanthe its new Investor Relations Executive
MTN Group has appointed Thato Motlanthe as its new Executive for Investor Relations, with effect from 1 September 2019. Thato…
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Startups
Kenya is hosting the fourth annual MEST Africa Summit in June
MEST Africa is bringing its fourth annual MEST Africa Summit to Nairobi. The Pan-African entrepreneurial training program, seed fund and…
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Startups
Branch raises $170 million funding round, announces new partnership with Visa
Visa and Branch International, have announced a partnership that will see virtual Visa prepaid debit cards offered to over 2…
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Startups
CDC announces new investment to support high-growth SMEs in Nigeria
CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria. CDC has…
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Startups
Two Kenyan startups among Google’s Launchpad Accelerator Africa program graduates
Two Kenyan startups, Cloud9xp and PayGo Energy were among the second class of 11 startups who graduated yesterday from Google’s Launchpad Accelerator Africa…
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BUSINESS
mkey, Finserve’s new keyboard app lets users save, borrow and connect with their friends
Finserve, an independent arm of Equity Group has launched mKey, a keyboard app that combines both financial social and lifestyle…
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News
The African Tech Hubs pioneering innovation: How digital transformation can drive growth and job creation across emerging economies
Innovation and entrepreneurship play an ever-increasing role in growing Africa’s emerging technology ecosystem. According to research by the GSMA Ecosystem…
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News
How to save money with remittances to Africa
International money transfers to Africa are rising. There are good reasons for that. With the choice of the right online…
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BUSINESS
WorldRemit raises $40m, seeks to target 5 million customers in Africa
Digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth. The series C round…
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News
Leading decision makers in Africa to gather in Lagos for the 2016 Telecom Media Technology conference
Leading decision makers in African telecoms, media, and technology (TMT) will gather in Lagos on September 20, for the 2016…
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BUSINESS
AfDB injects Ksh.4b to EADB to support regional projects
The African Development Bank (AfDB) has commitment a Ksh.4bn, 10-year Line of Credit to the East African Development bank (EADB)…
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