Search Results for: world bank
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News
Kenya’s Technological and Entrepreneurial Landscape Altruist
Africa’s tech scene is experiencing a vibrant boom, and Kenya stands at the forefront, earning the moniker “Silicon Savanna.” Today,…
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BUSINESS
Unlocking convenience and conscious spending with your Equity Prepaid Card
Embarking on a new year comes with the promise of fresh starts, and there’s no better way to kickstart your…
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Gadgets
Samsung goes big on mobile AI with the new Galaxy S24 series
Samsung has officially unveiled its latest Galaxy S24 series comprising the Galaxy S24 Ultra, Galaxy S24+, and Galaxy S24, unleashing…
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News
Is Ethiopia Africa’s sleeping fintech giant?
The fintech sector has been one of Africa’s biggest technology success stories. According to one report, the continent’s 678 fintech startups…
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BUSINESS
Digital Credit Provider MyCredit secures $3 million debt funding
Kenyan Digital Credit Provider MyCredit Limited has raised $3 million in debt funding from impact investment firm BlueOrchard. The non-bank…
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BUSINESS
Seamlessly Shop This Festive Season With Equity
With the festivities here with us (well, we know, just like you, we’re not sure how it happened so fast…
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COLUMNS
VICTORIA KLEINBORT: 5 Most Common Mistakes When Migrating IT Infrastructure (And How to Avoid Them)
For contemporary organizations, digital transformation is unavoidable. Many businesses are increasingly migrating their IT infrastructure for business continuity, improved performance,…
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News
Onafriq eyes global expansion after rebranding from MFS Africa
After rebranding last month, Africa’s digital payments network Onafriq, Formerly MFS Africa, has revealed plans to expand to new markets. …
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News
Visa and Oxfam America to scale B-READY project to Kenya
Visa recently teamed up with Oxfam America to scale the Building Resilient, Adaptive and Disaster-Ready Communities (B-READY) Project to provide preventative…
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News
Some Reflections on the Health Tech Landscape in Africa and Why It Matters
During the 1990s, Africa faced considerable economic challenges that had a detrimental impact on the health status of its population. Unlike…
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News
Sky.Garden re-launches a year after being acquired by Lipa Later
One year after being acquired by Buy Now, Pay Later (BNPL) company Lipa Later, Sky.Garden, the Kenyan e-commerce platform has…
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Featured
Betting Made Easy: An All-In-One Guide to 1Win Platform
This comprehensive guide distils everything you need to know about the 1Win betting platform. From security measures and fair play…
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News
Fuse launches $10M grant program for web3 payments innovators
Fuse Network has unveiled a $10 million grant program to support businesses by providing essential funding and infrastructure for streamlined…
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CYBER SECURITY
Africa remains one of the regions most targeted by cybercrime in 2023
As organisations continue to become more digitised, throughout 2023 Africa remains one of the world regions most targeted by cybercrime.…
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Featured
Online Casino Games Dominating the African Landscape
Africans have always been genuinely passionate about gambling, and thanks to the emergence of online wagering sites, they can now…
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News
Who’s leading the fintech pack in Africa?
The local fintech bubble may have burst, with valuations becoming much lower as investors look for profitability and maturity instead of growth…
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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
Kenya setting the pace in EV adoption in Africa
Electric Vehicles (EV) are gaining momentum in Kenya thanks to the government’s National Electric Mobility Plan, which focuses on creating…
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News
Improving lives with AI and digital and financial inclusion in Kenya, one smartphone at a time
Jane Omondi sells freshly cooked fish from a stand on a bustling roadside in Utawala, a low- to medium-income neighbourhood…
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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
Africa’s total exports to hit close to USD1 trillion by 2035, Standard Chartered report reveals
Africa’s total exports will reach USD 952 billion by 2035. This is according to a new report released by Standard…
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News
Financial Literacy Among Kenyan Gen Z and Millennials Could Lead to More Growth in Online Trading
In a previous article, we featured an interview with Eva Ngigi-Sarwari, Visa’s acting General Manager and Country Manager for Kenya,…
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News
Microsoft and M-PESA Africa partner to develop digital skills for MSMEs
Microsoft is partnering with M-PESA Africa to support its Capability Development Academy. Microsoft will provide access to the Microsoft Community…
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News
Asus Zenbook S 13 OLED (UX5304) Quick Review
I spent a few days with the Asus Zenbook S 13 OLED and I was sold. Of all the laptops…
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CYBER SECURITY
Sha Zhu Pan Scammers Use Fake Cryptocurrency Trading Pools to Steal More Than $1 Million, Sophos report
Sophos has released findings on a major shā zhū pán (pig butchering) operation utilizing fake trading pools of cryptocurrency (liquidity…
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News
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
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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
The Evolution of Smartphones and Storage
Smartphones have undergone tremendous evolution –from the first mobile phones that almost looked and weighed like bricks and had awkward…
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News
Airtel Africa and Mastercard launch new cross-border remittance transfer service
Airtel Africa and Mastercard announced the launch of a new cross-border remittance service that will enable Airtel subscribers across 14…
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COLUMNS
UWE KEMMER: Cave Paintings to Cloud Computing – The Evolution of Data Storage
How we collect and store information has played a critical role in preserving knowledge and driving progress throughout human evolution.…
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Featured
The Future of Sports Betting: What to Expect in 10 Years?
Each year technologies in different spheres evolve rapidly. With the invention of AI and VR, people have started making corrections…
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News
Safaricom’s M-Pesa targets remittances to Southeast Asia with new TerraPay partnership
Safaricom has partnered with TerraPay, to enable more than 32 million M-PESA customers to send and receive money to more…
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News
Applications for cohort 4 of the ASIP accelerator program open
Startupbootcamp AfriTech has opened applications for Cohort 4 of its ASIP accelerator program. Targeting early-stage startups in Africa, the ASIP Program…
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CYBER SECURITY
Intensified scamming activities already surrounding Meta’s Threads app
Just one week after its launch on July 5, Threads, the new microblogging app from Meta, has already amassed an…
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News
Flutterwave addresses Payment Challenges for African Students in Overseas Schools with new payments product
African payments to overseas schools have been hindered by a myriad of challenges. From the high cost of transactions, limited…
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News
IBM is helping schools globally fight cybersecurity with $5 million in grants
Cyberattacks are an increasing threat to businesses, governments, and organizations of all kinds across the world. Educational institutions have now…
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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
PayPal Withdrawals made quick and easy with Equity
Last year, Equity launched a ground-breaking solution to expedite PayPal withdrawals to help customers transfer funds easily from PayPal to…
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News
Visa launches its fintech accelerator program for startups in Africa
Visa on Wednesday announced the launch of the new Africa Fintech Accelerator program for African startups. The program seeks to…
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News
[Interview] Canon’s Somesh Adukia on the company’s investment and plans for Africa
In this lengthy interview, TechTrends Media sits down with Somesh Adukia, the Managing Director, Canon Central & North Africa to…
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Interviews
[Interview] Youverify’s Dimitri Kanellopolus on the firm’s expansion to Kenya and the state of regtech in Africa
The last couple of years have seen a number of African countries start to adopt regulation technology – what has…
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BUSINESS
Branch Kenya loans hit Sh 5.2 billion
Branch Microfinance has disbursed 16.4 million loans to 3.1 million clients in Kenya amounting to Sh 5.2 billion. Branch was…
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News
MultiChoice, Rapyd and General Catalyst to launch new integrated payment platform for Africa
MultiChoice Group, Rapyd and General Catalyst on Monday announced a joint venture aimed at developing an integrated payment platform for…
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BUSINESS
Accelerate infrastructure development to promote intra-continental trade, says PMI
The annual commemoration of Africa Day marks the Organisation of African Unity (OAU) founding in 1963. Now called the African…
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News
PATRICK NDEGWA: Kenya’s startup ecosystem is set for growth in 2023 and beyond
Kenya is a hub for entrepreneurship and startup development in East Africa, with a growing ecosystem of innovative businesses and…
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News
Safaricom’s myCounty app goes live in Elgeyo Marakwet County
The County Government of Elgeyo Marakwet has become the second county after Makueni to be integrated into myCounty App, developed…
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News
Payday re-launches in Rwanda, partners with Starlink to enable internet access
Pan-African payments startup PayDay has re-launched in Rwanda and announced a partnership that will enable Startlink customers to purchase their…
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News
Makueni becomes first county to integrate to Safaricom’s myCounty app
Makueni has become the first county to be integrated into myCounty app developed by Safaricom. The app enables all 47…
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News
African blockchain startups raised $474 million in 2022, Crypto Valley report says
The growth of the African crypto market has been remarkable in spite of the ongoing crunch the industry is experiencing…
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News
Visa Everywhere Initiative 2023 applications open in Kenya
Payments firm Visa has opened applications for the 2023 edition of the Visa Everywhere Initiative (VEI). The global open innovation…
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News
dLocal launches new payment platform to boost African e-commerce transactions
dLocal has announced the launch of a new all-in-one payment solution to manage global platform payments in one place. Known…
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Featured
Understanding the Rules of Online Betting on Tennis
Online betting on tennis can be an exciting way to make some extra cash, but it is important to understand…
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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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BUSINESS
Visa goes big with digital payments in Kenya
The Covid-19 pandemic propelled the adoption of digital payment platforms for millions of people around the world and in Africa.…
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News
An Overview of Popular Mobile Casino Apps Available to South African Gamblers
Are you looking to expand your online casino gaming experience? Are you tired of sitting straight at your computer desk…
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News
Dream VC Opens Applications for its 2023 Talent Accelerator Program in Africa
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2023 Accelerator Program for VCs in Africa. …
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News
How to Choose the Right Online Casino Website for Beginners
Are you new to the exciting world of online casinos? Can’t decide which website is right for you? Don’t worry…
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Featured
The Benefits of Using Cryptocurrency at Online Casinos
As the popularity of cryptocurrency continues to soar, people have become more and more interested in using it as a…
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News
Kenyans reduce spending on smartphones as inflation rises, report
A report by the International Data Corporation (IDC) has revealed that smartphone shipments to Kenya reduced by 13.5% year on…
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COLUMNS
How blockchain DAOS will revolutionize organisations governance and decision making
According to Alexandra Sims in a paper titled “Blockchain and Decentralized Autonomous Organisations (DAOs): the evolution of companies?”, the term…
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News
Nigeria and South Africa on the radar over increased money laundering cases
The Financial Action Task Force (FATF), an intergovernmental organization that works to curb global money laundering and financial crime has…
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BUSINESS
Western Union, MFS Africa partner to enable money transfers mobile wallets across Africa
MFS Africa has partnered with Western Union to enable individuals and businesses across the continent to receive money from over…
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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
Kenyan HR payroll startup WorkPay raises $2.7M funding to scale across Africa
WorkPay, a Kenyan HR management startup launched in 2019 has raised $2.7M to scale its operations across Africa. The full-stack…
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BUSINESS
M-PESA partners with Amazon in rush for the global remittance market
M-Pesa, Safaricom’s highly-regarded mobile money remittance service has signed a new strategic partnership with American e-commerce giant Amazon to provide…
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News
Flutterwave obtains license to operate in Egypt
Flutterwave, the Nigerian fintech company has obtained licenses to operate in Egypt as a payment service provider. This allows the…
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News
Tech Nation, a UK-Based non-profit tech talent acquisition firm is shutting down
For slightly over one decade, Tech Nation, a non-profit UK-based organization has been providing assistance to global tech talent, outsourcing…
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News
Equity Mobile app now supports Western Union international money transfers
Equity Bank customers can now send and receive money conveniently through Western Union straight from their phones. The bank announced…
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News
Two Kenyan startups among 12 selected for ARM Labs Techstars Accelerator
Two Kenyan startups, Cladfy and alphabloQ have been selected to join the inaugural class of ARM Labs Techstars Accelerator, a…
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News
[Interview] JuicyScore’s Mikhail Marchenko on why fintechs should invest in risk management solution
JuicyScore, a global leader in anti-fraud and risk management solutions entered the Kenyan market recently. The firm offers anti-fraud and…
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News
Rural ISP Mawingu raises $9m to expand operations across Kenya
Rural Internet Service Provider (ISP), Mawingu has raised $9 million Series B funding to scale its operations across Kenya. The…
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News
Tanzania’s fintech NALA has expanded to 19 European countries
NALA, a Tanzanian fintech startup known for its remittance services to Africa has expanded to 19 more European countries. The…
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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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BUSINESS
[South Africa] eZaga and Digital Financial Exchange Launches Multi-Asset Investment Platform
South African digital banking platform eZaga has partnered with global centralised exchange Digital Financial Exchange (DIFX) to launch a multi-asset investment platform. Known as…
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Startups
VC fund Ventures Platform closes its pan-African and early-stage fund at $46M
Ventures Platform, a pan-African early-stage Venture Capital firm has today announced the final close of its intercontinental fund, at $46M. …
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News
IDORENYIN OBONG: Five financial planning tips for African freelancers and gig workers
The global pandemic has accelerated the pace of change, causing significant disruption across labour markets and forever changing how we…
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Featured
Evaluations And Reviews: Where And What To Read About Bookmakers
Are you an amateur or a professional when it comes to punting? Is one of your goals to storm into…
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News
ANNALISA PLACHESI: Why NGOs should embrace the digitisation of payments and collections
Digital payments have fundamentally transformed lives across Africa by providing access to financial infrastructure and enabling innovation. More jobs have…
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News
Safaricom M-PESA Go for juniors explained
M-Pesa Go: A number of banks in Kenya offer what they call special kids savings accounts that enable young children…
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CYBER SECURITY
Criminals “Follow the Money” by Commercializing Cybercrime, Sophos report
A new Sophos today published its 2023 Threat Report has detailed how the cyberthreat landscape has reached a new level…
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News
Xiaomi Kenya Black Friday Deals To Look Out For
Xiaomi has launched its Black Friday campaign running across all Xiaomi Stores, and partner retail stores in Kenya. The company…
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News
South Africans Must Up Their Game Against Cybercrime
South Africans are not performing well when it comes to cybercrime. We are ranked fifth out of 37 countries for…
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News
Binance Backs out of deal to acquire rival crypto trading firm FTX
Binance, the world’s largest cryptocurrency trading platform has backtracked on a previous deal to buy out its struggling competitor FTX.…
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Blockchain
Crypto regulation in Africa: What Good Regulation Looks Like
Millions of investors have been drawn to cryptocurrency by the prospect of rising prices. To this end, a growing number…
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News
Quona Capital to invest $332M in fintech startups from emerging markets focusing on financial inclusion
Emerging markets venture capital firm Quona Capital today announced the final close of $332 million for its Fund III, significantly exceeding…
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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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BUSINESS
Visa doubles down on wallets with Thunes in emerging markets
Visa is partnering with Thunes to help individuals and small businesses move money internationally to 78 digital wallet providers, reaching…
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News
KCB and TerraPay partner to enhance cross-border remittances
KCB Bank Kenya customers will now be able to seamlessly receive funds from the diaspora to their accounts in Kenya,…
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News
[Interview] We’re driving Web3 adoption in Africa, Polygon’s Damilare says
Web3 is the latest iteration of the Internet that relies largely on blockchain technology, artificial intelligence, and machine learning (AI).…
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News
Kenyans in the diaspora can now pay bills on M-PESA via NALA Money
Tanzanian fintech startup NALA which was launched in 2018 to enable Africans in the diaspora easily send money home has…
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News
MFS Africa selects ThetaRay to monitor transactions and screen for sanctions
Digital payments network MFS Africa has selected ThetaRay to protect its growing network of services against financial crimes. ThetaRay, a…
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News
South African fintech JUMO launches Vela asset management engine
South African fintech JUMO has launched Vela, an asset management engine built to give investors access to real social impact…
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News
Education stakeholders in Kenya commit to teaching coding in schools
Kenya Association of International Schools (KAIS) in partnership with Education Technologies firm, Kodris Africa and Kenya Commercial Bank on Thursday…
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News
Safaricom officially goes live in Ethiopia
About 16 months after winning a telecom license to operate in Ethiopia, Safaricom has today finally gone live in the…
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BUSINESS
Fuliza restructured, here is everything you need to know
Kenya’s leading telco Safaricom, NCBA and KCB Bank Kenya have announced a restructuring of the popular Fuliza overdraft facility. Fuliza…
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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
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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Reviews
ASUS Zenbook 14 OLED (UX3402) Laptop Review
ASUS has continued to amaze consumers and the industry at large with innovatively designed products that allow it to perform…
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News
Flutterwave adds Google Pay as a payment option for African businesses
Nigerian fintech Flutterwave is adding Google Pay, a mobile payment service, developed by Google, as a payment method. As part…
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