Ride Hailing Taxi Drivers Strike over Low Fares
Thousands of drivers in the ride hailing industry are currently protesting in Nairobi in a bid to push their respective platforms to ramp up fares per mileage. We hereby notify [...]
Startups Peleza and Prembly Merge to Form Single Digital Security Platform
Kenyan digital verification startup, Peleza, has merged with US-based digital security platform, Prembly, to set in motion a new entity that will provide advanced solutions for businesses. The merger with [...]Colombian Fintech Minka Launches Operations in East and Southern Africa
Colombian payments infrastructure startup Minka has launched operations in Eastern and South Africa, the company said in a statement on Tuesday. “Our expansion into Africa is a testament to our [...]
Starlink on the Race to Cheapen Product as Kenyans Search for Alternatives
Amidst the anti-government protests in the country, Kenyans have realized that traditional internet infrastructure is susceptible to state disruption and thus unreliable. The largest Telco, Safaricom, was blamed for acquescing [...]Central Bank Licenses 7 More Digital Credit Providers
The Central Bank of Kenya (CBK) has licensed 19 more digital credit providers, bringing the total number of licensed DCPs to 58. The newly licensed companies include Mogo Auto, ED [...]Nvidia Is Now the Most Valuable Company in the World
California-based chip-manufacturer, Nvidia, is now the world's most valuable company after attaining a market capitalization of US$ 3.34 Trillion on Tuesday. The chip-manufacturer's stock has been a hot cake since [...]Uber, Bolt Oppose New Taxes, Deny Plans to Leave Kenyan Market
Ride hailing platform Uber has denied that it has any plans to leave the Kenyan market, a day after its representatives and Bolt's told a parliamentary committee that new taxes [...]Bolt Steps Up to Address Safety Concerns Across Kenya’s Ride-hailing Industry
Ride hailing is one of the fastest growing segments of Kenya’s transportation industry however, shaking up an industry which contributes over $11B USD to the economy annually is no [...]
South Korea to Invest KShs. 31bn in Konza City
The Korean Exim Bank has signed two agreements with the Kenyan government to invest more than KShs 30 billion in the Konza Technopolis in Machakos County. “The Creative sector in [...]Safaricom Ethiopia Receives Locally-Made Towers ahead of US$ 1.5 Billion Investment
Telecoms giant Safaricom has announced that it will erect 13 cell towers in Ethiopia its first batch received from Woda metal industry, an Addis Ababa-based tower manufacturer. The quality [...]Safaricom’s Spark Accelerator Unveils 9 Startups in First Cohort
Leading telco Safaricom has unveiled the first cohort of nine startups in its restructured Spark Accelerator Program. The program, implemented by iHub, aims at growing and scaling commercially viable businesses. [...]Elon Musk's xAI Raises US$ 6 Billion 10 Months after Establishment
The global race for artificial intelligence has intensified after several investors raised US$ 6 billion to further develop and advance Elon Musk's xAI. Since its establishment, xAI has managed to [...]
