Search Results for: world bank
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News
FinTech in South Africa: Accelerating the Digital Transformation of Banking & Financial Services
Ethico Live has announced the launch of Finnovation South Africa summit. The event will see participants from established banking powerhouses…
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BUSINESS
I&M Bank and Visa Partner for New Card Offering for its Premium clients.
I&M Bank has partnered with Visa Kenya to launch the I&M Bank Visa Infinite Credit Card and the I&M Visa…
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CYBER SECURITY
Opinion: Of banks and cybersecurity
If there’s one industry we should be most concerned about when it comes to cyber criminals and security, it’s the…
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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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BUSINESS
Ecobank launches mVisa across 33 African Countries
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers across 33 African countries the…
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BUSINESS
Wafacash, WorldRemit partner to offer instant money transfers across West and Central Africa
Morocco-based financial services company Wafacash is scaling up operations with leading digital money transfer service WorldRemit to offer instant money…
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COLUMNS
Opinion: A look to the bank of the future
Imagine a world where you could predict when your customers will have their first thought about retirement planning and be…
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BUSINESS
Standard Bank rolls out its Banking App in four African Countries
Standard Bank has announced the expansion of of its Standard Banking app to to four additional countries in Africa.…
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News
Andela just received a huge banking from Mark Zuckerberg
Andela, a startup that trains software developers in Africa and gives them full-time opportunities at international companies has received a…
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BUSINESS
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…
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BUSINESS
Equity Bank Voted most innovative Bank in East Africa 2016
Equity Bank has been named the most innovative Bank in East Africa 2016 for the second year in a row.…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
Co-op Bank and SimbaPay partner to offer Diaspora Remittances
The Co-operative Bank of Kenya has today announced a new partnership with SimbaPay to offer international money transfer services to…
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BUSINESS
SimbaPay announces Instant Deposit Service to all Choice Bank accounts in Kenya
SimbaPay has today announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. The digital…
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BUSINESS
SimbaPay launches world’s first international access to M-Pesa PayBill
SimbaPay has launched a service that will allow Kenyans living abroad to make M-Pesa PayBill payments, a new addition to the existing…
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BUSINESS
Orange and Ecobank launch money transfer service in Africa
By Nixon Kanali, Orange and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers…
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BUSINESS
Gemalto prepaid EMV banking cards extend reach of Vodacom m-pesa mobile wallet in South Africa
Gemalto, the world leader in digital security, announces the deployment of prepaid EMV banking cards to complement Vodacom’s m-pesa mobile…
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News
French Bank and twitter team up to allow customers transfer money via tweets
Groupe BPCE, one of France’s largest banks is teaming up with social media site Twitter to allow its customers to transfer money via…
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News
93 percent of Kenyans using mBanking services
By Nixon Kanali, Nairobi 93 percent of Kenyans are using their mobile phones to carry out their bank transactions. This…
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News
Nedbank adopts Gemalto’s plug-and-play solution to secure online banking for corporate clients
By Nixon Kanali, Nairobi Nedbank Ltd, a leading commercial bank in South Africa, is deploying its Ezio eBanking solution to…
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News
LIQUID TELECOM CONNECTS SIAYA COUNTY TO THE WORLD WITH $2MILLION INTERNET CABLE PROJECT
Liquid Telecom Kenya (LTK) Africa’s leading data, voice and IP provider, is installing a $2 million (Ksh175 million) fiber optic…
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News
The world takes on Social Media to save Nigerian girls kidnapped by Boko Haram
It may have taken a few weeks, but the world’s attention has fixated on terrorist abductions in Nigeria, thanks, to…
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Startups
BURN Secures Us$ 15 Million To Scale Electric Cooking In East Africa
BURN, the manufacturer of clean cooking stoves has secured a US$15 million investment from the European Investment Bank (EIB). The…
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News
Nigeria Ranks Second in Global Crypto Adoption, Report
In recent years, Nigeria has emerged as a global leader in crypto adoption, driven by innovative use cases to combat…
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News
Mobile money driving financial inclusion in Africa
Mobile Money in Africa: According to a report by the Mastercard Foundation, Africans have some of the lowest levels of…
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Startups
M-KOPA reaches 5 million customers, unlocks $1.5bn in credit across 5 African markets
Emerging market fintech, M-KOPA has announced that it has surpassed 5 million customers across Ghana, Kenya, Nigeria, South Africa and…
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News
Unpacking The State of Fintech in Africa
The fintech sector in Africa has recorded rapid growth over the recent years to emerge as one of the most…
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COLUMNS
Arnaud Bouraima: Africa’s Trade Transformation – The Power of Technology for Sustainability
In the face of mounting global environmental challenges such as climate change, biodiversity loss, and pollution, and increasing focus on…
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WomenInTech
Young Female Coders gather for Africa’s inaugural GirlCode hackathon
Aspiring African young female coders, developers and tech enthusiasts put their skills to the test at the 10th annual GirlCode…
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News
Uber Electric Boda sees significant driver sign-ups a year after launch
One year after launching its first electric mobility product in Africa, Uber Electric Boda, Uber says it has seen an…
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News
[Interview] Webb Fontaine’s Pascal Minvielle on the company’s new products and plan for Africa
Webb Fontaine has significantly expanded its presence in Africa in recent years. The company is a leading provider of solutions…
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News
Safaricom Ethiopia to use locally manufactured telecom towers
Safaricom Ethiopia has announced that it will be using locally manufactured telecom towers as it seeks to localize its infrastructure. …
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COLUMNS
Parag Mendiratta: Unlocking Growth Opportunities in East Africa’s IT Channel Landscape
The East African region is poised for significant growth in the IT sector, presenting a massive base of opportunities for…
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Interviews
[Interview] Digital Public Infrastructure and its potential for Africa
Digital Public Infrastructure (DPI) might be a new term in Africa, but the workaround its foundational elements—such as digital identity,…
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COLUMNS
[Celina Lee] Rethinking International Development: The Power of Market-Driven Solutions in Developing AI for Good
In the world of international development, the traditional approach relies heavily on donor funding and non-profit organisations to drive change.…
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News
Fintech platform Alviere expands its reach to 500 million mobile wallets in Africa
Alviere, the embedded finance platform provider, has announced that Onafriq, Africa’s digital payments network, has chosen it to enable payments…
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News
MFS Africa partners with Madagascar’s MVola for international money transfers
Pan-African digital payments network, MFS Africa, has partnered with Mvola, Madagascar’s leading mobile money provider, to facilitate inbound international money…
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News
Nigeria to train 3 million tech talents over the next four years
Nigeria has committed to training 3 million tech talents over the next four years. Speaking at Day 1 of TechCabal’s…
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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
Uber rolls out electric bikes in Kenya, its first African market
Ride-hailing firm Uber on Thursday launched electric motorcycles in Kenya, its first in Africa that will see a 30-35% reduction…
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News
Nigeria trails South Africa and Kenya in Africa’s B2B payment revolution
Nigeria trails South Africa and Kenya in the development of key B2B payment processes across Africa, including the adoption of…
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News
Smile ID H1 2023 Africa KYC Report Highlights Identity Fraud Trends and Verification Insights
Smile ID (formerly Smile Identity), the leading identity verification and digital Know Your Customer (KYC) provider in Africa, has unveiled…
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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
More than 1500 participants to take part in the Inclusive FinTech Forum in Kigali
The Inclusive FinTech Forum is scheduled to take place in Kigali, Rwanda from the 20th to 22nd June 2023. The…
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COLUMNS
Nixon Gecheo: Agtech, a pivotal force driving climate change action in agriculture
The agricultural sector is a significant contributor to global greenhouse gas emissions, responsible for an estimated 19-29% of these emissions…
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News
[Interview] Sophos’ Julie Davila on being a woman leader in the cybersecurity field
Cybersecurity has become one of the biggest global challenges facing businesses around the world. The industry is always shifting as…
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News
Rwanda to connect 3,000 schools to the internet by 2024
Rwanda plans to connect 3,000 schools to the internet by 2024. This was revealed by Paula Ingabire, the country’s Minister…
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News
South African digital lender Lulalend has bagged $35M Series B funding
Lulalend, a South African digital lender offering funding options for businesses has raised $35M in Series B funding. The round…
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News
![[Christopher Mwangi] Connecting Africa’s potential metre by metre, country by country](https://techtrendske.co.ke/wp-content/uploads/2023/01/Christopher-Mwangi_Liquid-390x220.png)
[Christopher Mwangi] Connecting Africa’s potential metre by metre, country by country
In the early 1900s, the Ugandan Railway was built, connecting Mombasa to Lake Victoria, and facilitating trade within the region.…
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News
IFC has launched a $225 million VC subsidiary to fund early-stage African startups
The International Finance Corporation (IFC) has launched a $225 million venture capital subsidiary to invest in early-stage startups across Africa,…
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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
[Interview] Sara Badru: Tech programs shaping the foundation for women in digitally enabled jobs
As Kenya’s digital economy propels the country’s economic growth, a lot more needs to be done to prepare citizens and…
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Featured
How to market your brand on LinkedIn with zero dollars
Quite a number of things are easy to bet on. Placing a bet and winning great odds on liontips.com is…
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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
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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News
MARILYN MOODLEY: Machine learning can solve some of Africa’s biggest challenges
From better healthcare access to improved food security, machine learning could tackle a wide range of challenges in developing countries.…
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Blockchain
3 trends in Africa’s crypto sector to expect in 2022
For the global cryptocurrency industry, 2021 is likely to be remembered as one of the many years bitcoin broke past…
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News
Irish fintech Pipit Global and Cellulant extend partnership to 12 new African markets
International cash payments platform Pipit Global and Cellulant have extended their partnership agreement to now include eighteen countries in Sub-Saharan…
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COLUMNS
LAURENT SARR: Why Digital Identities Are The New Frontier
Whenever a user, or consumer, creates a profile or account on any online platform, they must have a unique way…
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Startups
Nigerian online learning platform Edukoya raises $3.5 million in pre-seed funding
Nigerian online learning platform Edukoya has raised $3.5 million in pre-seed funding led by European VC firm Target Global. The…
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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
ICT CS Joe Mucheru launches ICT Talent Cultivation Whitepaper
ICT Cabinet Secretary Joe Mucheru has today launched the ICT Talent Cultivation for Kenya’s Digital economy whitepaper. The whitepaper was…
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BUSINESS
DTB and Crown Motors sign SMEs vehicle financing deal
Diamond Trust Bank (DTB) has today announced a new partnership with Crown Motors Group, the official distributor of the Nissan…
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News
Creation of Africa Green Finance Coalition a moment for funding of continent’s green transition
FSD Africa has welcomed the announcement at the COP26 World Leaders Summit that African nations will come together to create…
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Startups
Nigerian Fintech Startup Brass Secures $1.7M Financing Round
Nigerian fintech startup Brass has secured $1.7mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders and…
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News
UN gives the nod to African alternative energy solution for mobile networks
The United Nations Industrial Development Organization (UNIDO) has recognized South African NEC XON’s alternative energy Hybrid Storage Solution (HSS) as…
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News
Chandaria pioneer new class of financing to expand Orbit manufacturing
One of Kenya’s leading manufacturers has this week announced a new kind of financing deal in the Kenyan market, raising…
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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
EFAYOMI CARR: Africa’s youth hold the key to the expansion of agritech across the continent
The Covid pandemic has focused global attention on the drastic need for food systems to change and become more efficient,…
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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
Top African regions set to become leading startup and investment hubs
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy,…
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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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BUSINESS
AfDB approves $50m loan to support women businesses in Nigeria
The African Development Bank (AfDB), has approved a $50 million loan to Nigeria’s First City Monument Bank (FCMB) to support…
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News
Equity Group Records Strong Quarter One Results
Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic…
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News
UN launches hunt for startups and enterprises changing the face of food systems
The UN Food Systems Summit has announced a competition to identify startups and SMEs from across the world who are…
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News
African tech startups invited to apply for the Smart Cities Innovation Programme
African tech startups in the fields of mobility, housing, and fintech have been invited to apply for the Smart Cities…
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COLUMNS
[Column] James Claude: Digital identity key in accelerating socio-economic development
As the global digital economy expands, and with Covid-19 changing the way we conduct business, Digital Identity is becoming increasingly…
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News
Celebrating Kenyan women excelling in the tech space
According to the World Bank, Africa is the only continent where female entrepreneurs outnumber their male counterparts. In Kenya, 48%…
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News
[Column] Tolu Oyekan: How to forge an inclusive economic recovery in Africa
The spread of COVID-19 in many African countries has been more contained and the death toll slightly reduced than some…
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News
Microsoft affirms its commitment to support Kenya’s agricultural sector
At a time where industries are called to relook operation models to survive, the agricultural sector has emerged as key…
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News
[Column] Driving digital inclusion: Can the digital economy decrease Africa’s inequality?
As our nascent digital economy emerges, we have seen signs that enormous possibilities exist for it to reduce the many…
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News
[Column] Amrote Abdella: Data-driven agriculture can solve the challenge of food security in Africa
One of most the prominent challenges facing Africa is providing food security for its citizens. While many farmers still rely…
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News
Telecom regulators must work together to address challenges emerging from COVID-19 pandemic, says Huawei’s Catherine Chen
Telecom regulators across many nations and industries must work together to address the shared challenges that have emerged as a…
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BUSINESS
Over 200 countries can send and receive money via Vodacom’s Tanzania M-Pesa
Over 200 countries can send and receive money via Vodacom ’s Tanzania M-Pesa after the company announced the expansion of…
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BUSINESS
TransUnion launches COVID-19 playbook for financial services providers in Kenya
Global information and insights company TransUnion has launched its COVID-19 playbook for Kenyan business and credit industry players. The playbook…
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BUSINESS
Impact of Covid-19 on business: How to Stay Afloat
Global trade has, with no doubt, taken a major blow in the wake of the COVID-19 (Coronavirus) pandemic. The rates…
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COLUMNS
[Column] Mobile Lending – Non-traditional data in credit decision making
Retail lending in Kenya has taken a unique path. It has skipped some stages typical for developed markets and climbed…
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BUSINESS
Visa is partnering with MFS Africa to boost digital payments among African consumers and businesses
Visa and pan-African fintech leader MFS Africa have announced a partnership to boost digital payments among African consumers and businesses.…
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BUSINESS
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…
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Startups
South Africa’s fintech startup uKheshe wins 2019 Global Fintech Hackcelerator Programme
South Africa’s QR cash card and microtransaction platform, uKheshe, has won the 2019 Global Fintech Hackcelerator Southern Africa competition. Launched by…
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Startups
IFC is investing $1M in Tunisia’s Flat6Labs Anava Seed Fund to boost the country’s startup ecosystem
The International Finance Corporation (IFC) has announced that it is investing $1 million in Tunisia’s Anava Seed Fund (ASF) to…
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BUSINESS
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…
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BUSINESS
[Column] Fintechs are disrupting the local traditional remittance market
Data from the Central Bank of Kenya (CBK) shows that diaspora inflows in the country rose to Ksh30.4 billion ($295.3…
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Startups
Branch International raises another KSh.500M from Centum-owned, Barium Capital
Mobile lender Branch International has announced its fourth commercial paper issuance from Centum-owned advisory firm, Barium Capital, raising Ksh500 million.…
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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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News
[Column] Can e-commerce be Africa’s economic goldmine?
Digital economy in Africa is snowballing, and in the process, it’s creating new jobs and opportunities for digital entrepreneurs to…
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Startups
Tanzanian Edtech startup Ubongo wins Next Billion Edtech Prize
Tanzanian EdTech startup Ubongo has won the ‘Next Billion’ Edtech Prize 2019. The startup was voted for by delegates at The…
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News
Kenya to hosts U.S. pension fund managers to spur infrastructure investments
The Kenya Pension Fund Investment Consortium (KEPFIC) will host 30 representatives of major U.S. pension and asset management funds from…
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Startups
Branch raises Ksh 500M arranged by Centum-owned advisory firm, Barium Capital
All commercial paper issuances have been arranged by the Centum-owned advisory firm, Barium Capital. This latest investment will be used…
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