Search Results for: world bank
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News
Digitization is helping ordinary shops compete against big stores, report
A report released by fintech investor firm Flourish Ventures has revealed that corner shops are doing better than predicted despite…
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News
Nigeria’s blockchain startup Bitmama has raised $2 million to scale across Africa
Bitmama is a Nigerian blockchain company that aims to democratize the payment system across the continent. The startup has remote…
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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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Startups
Nigerian fintech Grey raises $2M to simplify cross-border payments across Africa
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million…
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Interviews
[Interview] Africa is central to our long-term growth strategy, says Visa CEO
AI Kelly is the Chairman and CEO of the global payments firm Visa. He joined Visa in October 2016 as Chief Executive Officer and…
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News
Applications for the 5th edition of Catapult: Inclusion Africa Programme open
The LHoFT Foundation has opened applications for the 5th edition of the CATAPULT: Inclusion Africa which will be delivered in Luxembourg.…
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Startups
VC Firm HAVAÍC announces $500K investment in FinAccess to grow across Africa
Cape Town-headquartered venture capital (VC) firm HAVAÍC has announced a $500,000 investment in FinAccess. The investment has been allocated from…
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Startups
CBK grants Virtual Pay International a PSP License to operate in Kenya
The Central Bank of Kenya (CBK) has granted Virtual Pay International Limited a license to operate as a Payment Service…
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News
CBK Governor Says Flutterwave is Not Licensed To Operate In Kenya
The Governor of the Central Bank Of Kenya (CBK), Dr Patrick Njoroge has said that fintech companies Flutterwave and Chipper…
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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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News
Fintechs are set to transform cross-border payments in Africa, says Ukheshe Technologies
For centuries people have crossed borders to live, work, and trade. While cross-border payment systems are crucial for financial inclusion…
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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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Social Media
Snapchat has introduced Snapchat+ that will cost $3.99/month
Social media platform Snapchat has launched a subscription service that gives customers access to exclusive features to give them more…
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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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Featured
Want To Try Crypto Gambling? Here’s All You Need To Know First
Crypto gambling is the latest trend in the world of online gambling. The main reason that it’s so popular is…
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News
MFS Africa acquires US-based fintech Global Technology Partners
Digital payments network MFS Africa has announced it has reached an agreement to buy US-based tech company Global Technology Partners…
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News
Kenyan Innovator Unveils App for the Deaf
Kenya has made significant strides in ensuring that people living with disabilities run a normal and easier life in every…
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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
OPay and Mastercard partner to expand regional reach
OPay, a Nigerian fintech regarded as one of Africa’s most valuable fintech startups has entered into a strategic partnership with…
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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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Blockchain
The Central African Republic Approves Bitcoin as legal tender
The Central African Republic (CAR) has approved the use of Bitcoin as an official currency. This makes it the first…
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News
We-Fi Announces $15 million Funding for Women Digital Inclusion in Africa
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a $15 million funding to the African Development Back’s Africa Digital Inclusion…
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News
Safaricom to launch M-pesa in Ethiopia after new law changes
There is a wave of transformation sweeping across the telecommunications sector in Ethiopia. It started with reforms effected by Prime…
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BUSINESS
5 Best Stock Brokers in Kenya
Shares in Kenyan companies are traded daily in an effort to profit from the daily fluctuations in their prices. Short-term…
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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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News
Netflix lost 200,000 subscribers in Q1 2022
The popularity of the streaming giant Netflix worldwide has been the admiration of many competitors eyeing a piece of the…
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Blockchain
Mushe and Fantom: Why Analysts Say You Should Buy and Hold
Technological evolution has brought about many benefits and one of them is the digital currency or cryptocurrency. Cryptocurrency or ‘crypto’…
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News
Ashley Olson Onyango: Unlocking the transformative power of mobile money
During the last decade, rapid digitisation has revolutionised the financial industry globally, through the advent of innovative services such as…
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News
realme C25Y: Premium Smartphone on a Budget
realme c25Y has earned a special position as the pioneer, affordable super smartphone in Kenya- offering users top notch specs…
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COLUMNS
Quentyn Taylor: 2022 and the evolving threat landscape
Ransomware is here to stay Cyber criminals are adapting every single day. In 2021, hackers realised the recipe for ransomware…
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Social Media
Mark Zuckerberg to introduce Zuck Buck virtual currency
Meta, Facebook’s parent company, is considering introducing virtual coins “Zuck Bucks,” to help reward users of its social media platforms.…
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Startups
Kenyan Mobile commerce startup Copia appoints former Amazon Executive to its Board
Copia Global, a Kenyan-based mobile commerce platform has appointed of former Amazon executive Jason Murray to its Board. Jason brings…
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News
Xiaomi Announces Xiaomi Fan Festival 2022 with Exclusive Gifts and Unique Experiences
Xiaomi has announced the launch of the 12th annual Xiaomi Fan Festival, with the theme “All for Xiaomi Fans.” The…
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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
Kenya looks to FinTech to supercharge financial inclusion, report
Kenya has the opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing…
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Startups
Nigeria’s agri-tech startup ThriveAgric raises $56.4m debt funding to accelerate African expansion
Nigeria’s agri-tech startup ThriveAgric has raised $56.4M in debt funding from local commercial banks and institutional investors to grow its…
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BUSINESS
Canon selects Copy Cat Group as its printing solutions authorized distributor in Kenya
Canon Central and North Africa has announced its business partnership with Copy Cat group as its authorized distributor for its…
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Startups
Luno launches investment arm to support fintech and crypto startups
Cryptocurrency exchange platform Luno, a subsidiary of Digital Currency Group (“DCG”), today announced the launch of Luno Expeditions, an early-stage…
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CLOUD
There’s an increasing demand for data centers in Africa
As internet penetration in Africa continues to increase, the demand for data centers is also booming. Customers in Africa are…
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Startups
OkHi Aims to give the 4 billion people in Africa a Verifiable Digital Address
OkHi: In the developed world, it’s much easier for anyone to give you directions to their home or business location…
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BUSINESS
Mobile payments and financial services firm Paga Group launches its payment gateway in Ethiopia
Mobile payments and financial services company Paga Group has partnered with the Bank of Abyssinia, amid regulatory approval from the…
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News
Pan Africa Gaming Group launched to grow gaming industry in Africa
The Pan Africa Gaming Group (PAGG) has been unveiled today, bringing 10 studios together under a single umbrella across Africa.…
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Startups
African fintech Flutterwave rebrands, introduces new products and services
African fintech startup Flutterwave has unveiled a significant re-brand and identity at Flutterwave 3.0, a virtual event held on Friday, 18th February…
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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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Startups
African fintech Flutterwave valuation rises to over $3B after $250M Series D funding
African fintech firm Flutterwave has tripled its valuation to over $3 billion after raising $250 million in Series D funding.…
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News
Mdundo says it recorded 20 million users across Africa at the end of Q4
Pan-African music streaming service, Mdundo, has announced that the platform recorded 20 million users at the end of Q4, up…
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Startups
African Focused VC Firm TLcom Secures First Close of $150mn Pan-African Tech Fund
TLcom, the Africa-focused venture capital firm has announced a first close of $70mn for its $150mn Africa focused tech fund…
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New Appointments
MTN Mobile Money Uganda appoints Richard Yego new Managing Director
MTN Mobile Money Uganda, a 100% duly owned subsidiary of MTN Uganda has announced the appointment of Richard Yego as…
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Apps
3 trends set to dominate African mobile apps in 2022
In 2021, the mobile industry in sub-saharan Africa continued to show incredible resilience against the impacts of Covid-19 and experienced…
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News
4.8 million people in Kenya own cryptocurrency, report
Cryptocurrency adoption has been growing rapidly in Kenya over the past few years. In fact, the country is one of…
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News
Binance Becomes Official Sponsor of AFCON 2021
Leading blockchain ecosystem and cryptocurrency exchange Binance has announced its partnership with the Confederation of African Football (CAF), as an…
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COLUMNS
LEON KIPTUM: Kenya’s economy could benefit from fintech growth and innovation
Financial technology (Fintech) has been a key driver of growth in the financial services sector in the face of the…
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News
Kenyan startup Wowzi raises $3.2 million seed funding to expand across Africa
Kenyan startup Wowzi has raised $2 million in seed funding to expand its digital marketplace across Africa. The round was…
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News
Egypt-based media and entertainment startup Minly acquires UAE’s shoutout platform Oulo
Minly, the MENA region’s media and entertainment startup has announced the acquisition of Oulo, a Dubai-based celebrity shoutout platform focused…
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News
Middle East and Africa is a fertile ground for the growth of super-apps, report
From ride-hailing services to grocery delivery, and financial services such as buy-now-pay-later to microfinancing, super-apps development in the Middle East…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud is the centrepiece of new digital experiences for African businesses
Cloud technology has helped businesses in sub-Saharan Africa manage the disruptions caused by the coronavirus pandemic, something we have extensively…
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News
Some Xiaomi deals to check out this Jumia Black Friday
Jumia Kenya Black Friday officially kicks off today with crazy deals up for grabs. Jumia in partnership with thousands of…
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Startups
Fintech Startup Kwara and Lami Technologies partner to provide insurance products for SACCO members in Kenya
Kenyan fintech startup Kwara has today partnered with insurtech company, Lami Technologies, to provide Savings and Credit Co-operative Society (SACCO) members in…
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News
[This Week In Tech] Facebook changes its corporate name to Meta and other top stories
This has been quite an interesting week for tech. We covered so many interesting stories from across Africa and the…
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News
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria’s super-agent networks. The deal, which is…
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CYBER SECURITY
More Kenyans were attacked with password stealers in 2021, Kaspersky
There were 16% more users attacked with password stealers in Kenya between January and September 2021 compared to the same…
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News
160 Companies Shortlisted For This Year’s Africa CIO100 Awards
A total of 160 companies from across the continent have been shortlisted for this year’s Africa CIO100 Awards. This marked…
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COLUMNS
Mark Dankworth: The connected continent
Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According…
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News
CIO100 Awards targets over 500 entries across Africa
CIO100 Awards now goes Africa with a target of over 500 entries for the upcoming tech excellence awards scheduled for…
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News
Benkiko Finance – Making Cryptocurrencies Easier To Use
Benkiko is a Kenyan Blockchain startup that is working on a digital bank with the goal of making Cryptocurrencies easier…
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News
PATRICK NDEGWA: Growing a successful tech startup in Kenya – 4 key elements
The tech scene in Kenya is thriving. Even amid a global pandemic, economic uncertainty, and election fever, our dynamic African…
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News
Endeavor Nigeria Scaleup Entrepreneurship Summit 2021 To Be Held On October 21st
Endeavor Nigeria has announced that its 3rd annual scaleup entrepreneurship summit, Catalysing Conversations, will be held on Thursday, 21 October 2021. This…
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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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News
TONNY TUGEE: Fintech in Kenya – an industry of innovation
Almost every industry across the globe is undergoing rapid digital transformation, and the world of finance is no exception. Technology…
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News
Endeavor Nigeria unveils inaugural cohort for its ScaleUp program
Endeavor Nigeria has unveiled the inaugural cohort of entrepreneurs for its new 10-week Endeavor ScaleUp Program that aims to support Nigeria’s…
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News
WINSTON RITSON: Africa finally has its head in the Cloud – but is it private, public or hybrid?
In an age of accelerated digital migration and modernization movements, the Cloud has been touted as a veritable salvation for…
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News
African-focused Payments Firm pawaPay Raises $9M Seed Funding
African-focused payments firm pawaPay has raised a $9m Seed funding led by UK-based investment fund 88mph. Vunani Capital, Kepple Ventures,…
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News
Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus
Nigerian mobility startup Plentywaka has raised a $1.2 million seed funding round, after successfully ending the Techstars Toronto Accelerator Program…
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CLOUD
[Africa Cloud Review] Simon Nguniri: Kenya’s Kenya Data Center Market Size by investment is set to Reach $342 Million by 2026
Kenya is witnessing the growing adoption of digital services such as cloud, big data, and IoT driving the demand for…
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News
Kenyan Fintech Startup Kwara Selected for Mastercard Start Path Program
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.…
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News
4G Capital Strengthens Leadership Team With New Appointments
4G CAPITAL GROUP has today announced the appointments of Alex Siboe as Chief Operations Officer and Ross Breadmore as Chief Product Officer. Both officers…
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CLOUD
Caroline Mukiira : Hybrid Cloud – The Catalyst for Increased Financial Inclusion in Africa
Africa has made huge strides over the past decades towards the financial inclusion. The digitization and simplification of money management…
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News
Incentro credited for growth in Google Cloud adoption in Africa
DigiCloud Africa has credited Incentro Africa for its role in expanding Google Cloud in Africa and subsequently being recognised as…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud providers are fighting for a share of the growing Africa’s cloud market
From all the previous Africa Cloud Review articles we have published, we have been highlighting how the cloud market in…
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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
Telkom Kenya Scaling Up Its 4G Network: What Does It Mean For The Everyday User?
Following the end of the Loon project and Kenya’s deal with Google, there’s a new need for accessible internet in…
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News
Mastercard creates simplified payments card offering for cryptocurrency companies
Mastercard has announced it will enhance its card program for cryptocurrency wallets and exchanges, making it simpler for partners to…
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COLUMNS
Tonny Tugee: Connectivity, collaboration, competition – The 3 essential Cs for Africa’s growth
Africa’s population is rapidly expanding. In fact, forecasters predict that the continent’s population will nearly triple by 2050. This could…
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News
Cyberattacks in Africa comparable to other parts of the globe, says Kaspersky
With digital transformation a top priority on the corporate agenda as companies identify new ways to grow their business, cyber…
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News
Bitcoin Is Gaining Traction in Kenya: What Lies Underneath?
Kenya is what many refer to as the African Silicon Valley. Despite the unstable nature and overall volatility of Bitcoin,…
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News
South African secure data collaboration startup Omnisient raises $1.4m for global expansion
Omnisient, a South African secure data collaboration platform, has achieved its second raise this year totalling USD1.4 million. The investments…
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News
Banque Misr partners with Microsoft to support fintech startups in Egypt
Banque Misr has signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in…
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News
[Africa Cloud Review] Simon Ngunjiri: Africa needs more cloud skills
Africa needs more cloud computing skills. IT professionals in the region need to gain skills in cloud and data architecture…
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News
M-KOPA Expands to Nigeria, Appoints former SafeBoda Country Director its New GM
Connected asset financing platform M-KOPA, has expanded its operations to Nigeria. The move into the Nigerian market the company says…
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News
Amazon Web Services’ re/Start cloud skills training programme kicks off in South Africa
NEDBANK has partnered with Amazon Web Services (AWS) to offer free cloud computing skills development and job training to unemployed…
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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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CLOUD
[Africa Cloud Review] Simon Ngunjiri: There’s an increasing demand for data centers in Africa
As internet penetration in African continues to increase, the demand for data centers is also booming. Customers in Africa are…
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BUSINESS
Most Kenyan MSMEs Operating Within ICT, Agricultural Sectors, Survey
ICT and Agriculture are the leading host sectors for Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya, the 2021 MSMEs…
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BUSINESS
NCBA, Simba Corp sign asset finance deal
NCBA Bank Kenya has today signed an asset finance deal with Simba Corp that will see the lender finance up…
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News
Visa highlights key innovation capabilities that will drive financial inclusion in Sub-Saharan Africa
Visa, the world leader in digital payments, showcased key innovation capabilities that will accelerate financial inclusion in Sub-Saharan Africa. Hosting…
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News
Future Ni Digital Initiative aims to equip local MSMEs owners with digital skills
Microsoft recently unveiled a new initiative to prepare Kenyan small businesses to adapt to the new normal. Dubbed Future Ni…
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BUSINESS
Equity and American Express Revamp the Membership Rewards Redemption Experience
Equity American Express Card members earn Membership Rewards points when they spend on their Cards. Now, they can redeem their…
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News
[Column] Ian Lessem: Venture Capital trends shaping the African investment landscape
As the second half of 2021 approaches and Covid-19 vaccinations roll out across the globe, albeit at varying rates, Ian…
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News
BMZ expands its developPPP Ventures programme to Kenya to support local startups
German-based Federal Development Ministry (BMZ) has expanded its developPPP Ventures programme in Kenya to support local startups. Under this programme,…
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