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 [...]
Kenya Detected 1.2bn Cyber Threats in Q4 2023
Kenya’s National Cyber Security Centre detected over 1.2 billion cyber threat events between October to December last year, representing a staggering 943.01 per cent jump from the preceding period. The [...]
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 [...]
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 [...]Mobile apps for Wealth Managers. Are they worth it?
As the ultimate techie, I love mobile apps and believe they should be mandatory for all businesses. I can see my data anywhere and at any time. I get notifications [...]
SafeBoda Makes a Comeback in Kenya
Ugandan mobility startup SafeBoda will resume operations in Kenya on February 5 2024 pausing operations in the country since November 27th 2020. Despite making significant strides in the market, the [...]
Apollo Agriculture to Scale Operations After Swedfund Investment
Swedfund and ImpactConnect have invested $10 million in farming support programmes envisioned by Apollo Agriculture to promote economic sustainability. We are grateful for the trust and confidence that both Swedfund [...]Is Voice Biometrics in South Africa's Banking Sector Secure Enough?
By iiDENTIFii Apart from going into a branch, calling a bank feels more human for digital-shy consumers. For many, it is the first port of call for making account changes [...]Uber Kenya Releases Data on Consumer Trends in 2023
Uber has released data on some consumer trends for its cab-hailing, and food delivery service in Kenya. In a statement, the ride hailing company said that demand for business trips [...]Verdant Capital Completed 18 Transactions in 2023
Verdant Capital completed 18 transactions in 2023, the Pan-African investment bank and investment manager has said in a statement. These investments included investments in LOLC Africa, the African operation of [...]Tough Economic Headwinds Provide Exciting Opportunities for Agile, Customer-Centric Fintechs
Taking stock of fintech in the broader African context while looking forward to opportunities in the year ahead.
