Digital ID company Smile ID clocks 200 Million Identity Verification Checks
More financial institutions, fintechs, telecoms in Africa are tapping on Smile ID’s innovative KYC solutions, as the company announced that it had surpassed 200 million identity verification checks. “Reaching 200 [...]
E-commerce Sales Up 83% as Consumers take Advantage of ‘Black Friday’
The decision by online merchants to extend the sales period for discounted items from ‘Black Friday’ to ‘Black Friday week’ inclusive of Cyber Monday led to the surge [...]Kenya's Mawingu Acquires Arusha-based Internet Service Provider Habari for KSh. 1.9bn
Mawingu Networks, a Kenyan Internet Service Provider (ISP) has acquired Habari, an Arusha-based ISP, for KSh 1.9bn. “This acquisition, along with an additional $15 million of financing, will enable Mawingu [...]KeNIC Partners with Zoho to Increase Uptake of .ke Domain
KeNIC has partnered with Indian multinational tech company Zoho to drive the uptake of second level domain name .ke in Kenya. Through our partnership with Zoho, we provide access to [...]Airtel Money Partners with Naivas to Expand Network
Airtel Money has entered into a partnership with Naivas, which would enable its customers to deposit and withdraw cash in all the 109 branches of the retailer. “This partnership underscores [...]Safaricom Enters the Money Market Fund Industry with Ziidi MMF
Telco giant Safaricom PLC has entered the money market fund after its subsidiary, Ziidi Money Market Fund, received a license from the Capital Markets Authority (CMA). According to Wycliffe Shamiah, [...]
Fund Managers Association Emphasises Need for More Gender Inclusive Finance Industry
Women have for too long been an afterthought for employment in the global financial industry. In recent decades, the industry has been shifting, albeit slowly, towards being more inclusive across [...]
All Pre-2018 Used Cars Should Be in Kenya by December 31, KEBS Reminds Importers
Secondhand vehicles registered in 2017 or earlier have less than five weeks to be cleared at Kenyan ports or be locked out due to the eight-year rule, Kenya Bureau of [...]Zimbabwe’s Inflation Slows amid Interest Rate Hike, Currency Devaluation
Zimbabwe’s monthly consumer inflation eased significantly to 11.7% in November, from 37.2% in October the first decrease in 4 months. In September the month on month consumer inflation stood [...]Family Bank 9-months Profits Up 8% to KSh 2.3bn
Family bank has posted KSh 2.3 billion net profit for the 9 months to September from KSh 2.1 billion in the same period in 2023. “As a Bank, we enhanced [...]Uber Kenya Contributed KSh 14bn to the Economy Impact Report
Ride-hailing app, Uber Kenya, enabled gig riders to earn an estimated additional KSh 2.2 billion a year in higher income 37% more than their next best alternative, according [...]Capital Markets Regulator Licenses Future Construct as REIT Manager
The Capital Markets Authority (CMA) of Kenya has granted Real Estate Investment Trust (REIT) Manager License to Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), a [...]
