Online Food and Grocery Delivery Generated US$103mn in 2023, Projected to Grow 19% Annually-CAK Study
Online food and groceries delivery platforms generated US$103 million last year, a figure that is projected to grow annually at a rate of more than 19% according to a [...]
Uber Eats Launches in Kisumu, Now Present in Six Cities
Ride-hailing platform, Uber, has announced the entry of its food-delivery wing Uber Eats in Kisumu as it seeks to ramp up its presence in the country. We are pleased to [...]Harmonised ICT Regulation will Grow African Economies Ruto, EU
Connected Africa Summit kicked off in Nairobi on Monday with participants calling for interstate collaboration and harmonized model of regulation for the ICT industry to thrive. “There is a need [...]TikTok to Provide Quarterly Reports to Kenyan Gov't in New Regulation
The ministry of ICT has told the National Assembly that every three months, TikTok will produce compliance reports detailing their efforts in combating obscene sexual and offensive content. To facilitate [...]Trader’s View: 2024, Year of Gold (XAUUSD) and Nasdaq100?
2024 has kicked off all-time highs for Gold (XAUUSD), Nasdaq100, Bitcoin and other cryptocurrencies. The different asset classes have previously experienced significant selling pressure, especially from November 2021 to December [...]
Vodacom Tanzania Purchases 100% of Smile Communications' Shares
Vodacom Tanzania PLC has acquired broadband internet provider, Smile Communications, after purchasing all its shares to a tune of US$ 27.4 million. In 2022, Smile Communications was salvaged from financial [...]Samsung Tops Global Smart Phone Sales in Q1 2024
Samsung has overtaken Apple as the leading mobile devices provider, to occupy the top spot at the end of the first three months of this year-(Q1 2024). Samsung now enjoys [...]
Zimbabwe Orders Starlink to Disconnect Services Amidst Regulation Hurdle
Starlink users in Zimbabwe received an e-mail from the internet provider on Friday April 12 informing them that its services were no longer available in the country in line with [...]Investors Worried about Apple's Stock Performance amidst Market Woes
Apple has witnessed a 10% dip in share value due to declining sales of its products and the mistrust it has brewed with regulators in major markets. The US Department [...]How Pezesha, MarketForce CEOs Made Peace in Liquidation Dispute
Summary: In August 2023, Pezesha, a digital financial marketplace that provides debt capital to SMEs, filed a liquidation suit against MarketForce, a B2B marketplace, over unpaid debts. In March 2024, [...]
Pezesha, MarketForce CEOs Make Peace, End Liquidation Dispute
Digital financial marketplace Pezesha has dropped its liquidation suit against B2B marketplace Marketforce, after the founders of the two companies agreed to settle the dispute out of court. Pezesha CEO [...]Young Innovators Pitch Clean Energy Solutions at Renewable Energy Challenge
Twenty-four young innovators, aged between 20-25 years, pitched their sustainability ideas and projects at the Renewable Energy Innovation Challenge Demo Day at the University of Nairobi on 28 March. Both [...]
