Showmax 2.0 Gets Negative Market Reception
Showmax customers have complained about technical issues and difficulties in navigating the new platform, although the streaming company says it anticipated some teething glitches. I am so annoyed by this [...]
Roam Raises $24mn in Series A Funding
Kenyan-based electric mobility startup Roam has raised $24mn in equity and debt in its Series A funding, the company announced on Wednesday. This funding is a critical step for Roam [...]
Pan African Payment and Settlement System (PAPSS) Expands into North Africa
Afrieximbank's Pan African Payment and Settlement System (PAPSS) has expanded into North Africa after Banque Centrale de Tunisie (BCT) joined the regional payments platform as its thirteenth member. Banque Centrale [...]Egypt's Largest Private Sector Bank to Use Kenya as Bridge to Sub-Saharan Africa
Egypt’s largest private-sector listed bank, the Commercial International Bank (CIB), is gearing up to bolster trade relations with East Africa, with Kenya serving as its launch pad into the Sub-Saharan [...]Frank Molla Appointed MD of Digital Payments Company MDP Africa
Digital payments company MDP has appointed Frank Molla as the Managing Director of MDP Africa. The new MD has also worked at American Express in Spain and the United Kingdom. [...]Safaricom Plc M-PESA Customers in Ethiopia Hit 3.1M in Q3 2023
Safaricom, the leading mobile phone operator in the Eastern Africa region, has posted 3.1 million M-PESA customers since its launch in Ethiopia. “We are now interoperable with 9 banks including [...]
Kenya Airways Signs Code Sharing Agreement with Air Europa
Kenya Airways has signed a code share agreement with Spanish airline Air Europa' this afternoon to access wider travel destinations in Europe and the US. Air Europa is the third [...]Multichoice Rejects Canal Plus' Acquisition Offer
Multichoice board of directors has halted a buyout deal from Canal plus stating that the value of the South African company surpasses the initial offer. Canal Plus has built its [...]Climate Investment Funds Endorse Kenya’s $70m Energy Plan
The Climate Investment Funds (CIF), through its Trust Fund Committee, has endorsed a $70 million plan, with an initial allocation of $46.39 million. It is expected to mobilize at least [...]Airtel Africa Plc Net Profit Drops to $2M in Q3, 2023
Airtel Africa Plc has posted a net profit after tax of $ 2million in Q3, 2023, a slower performance in what the mobile operator attributes to significant foreign exchange headwinds. [...]Italy Eyes Africa Projects in $6 Billion Plan
The government of Italy unveiled a near US$6billion plan to support African development at a one-day Italy-Africa summit in Rome on Monday. The summit—which took place as Italy assumes the [...]Uganda Approves New Aviation Law
Uganda's parliament has passed the Civil Aviation Authority (Amendment) Bill, 2024 that will bring the country's aviation authority in conformity with the Convention on International Civil Aviation. “The chief investigator [...]
