Rivian Automotive Inc. loses Top Executive Charles Mwangi
Rivian Automotive, Inc- an American electric vehicle manufacturing startup, has seen the departure of Kenyan Charles Mwangi as one of its top executives. The firm said Mwangi’s exit is part [...]
Fintech Firm, Bankingly Raises $11 Million for Expansion into New Markets
Financial technology firm which operates in Kenya, Bankingly, has raised $11 million in equity financing as it seeks to expand in Kenya and regional countries. Investors who took part in [...]
Tanzania Readies for 5G Network Adoption
The government of Tanzania has announced that it is now ready to allow investment in 5G network trials, seeking to further develop its digital economy. In 2020, Vodacom said it [...]Bamba Secures $3.2M to Upscale its App
Bamba, a software firm that serves micro-merchants in Africa, has secured $3.2 million in seed funding. This will help the company scale its App and build out its team. The [...]Mastercard Inks Deal with Opay to Grow Digital Payments
Mastercard and fintech firm OPay have announced a strategic partnership which will open up digital commerce to millions of people across Middle East and Africa. The collaboration enables OPay consumers [...]
Hisa Joins NVIDIA Inception
Hisa is today excited to announce its selection to join NVIDIA Inception, a programme designed to nurture startups revolutionizing industries with advancements in artificial intelligence (AI) and data science. NVIDIA [...]Zuri Health Raises $ 1.3M for Expansion Across Africa
Zuri Health, the digital healthcare providing affordable healthcare via mobile, has raised $ 1.3 Million for expansion across Africa. Participants in this seed round funding include DOB Equity, Launch Africa [...]Liquid Telecom Gets $220M from UK to Improve Internet Access
Liquid Telecommunications Kenya Limited has received financing worth $ 220 million from British International Investment(BII), UK's development finance institution, to improve access to quality internet service in Kenya. According to [...]Autochek Acquires Morocco's KIFAL Auto for an Undisclosed Amount
The automotive technology company facilitating auto financing across Africa, Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount. This marks the entry of the company into North Africa. The [...]MTN to Roll Out 5G Network in Nigeria
MTN, the South African multinational mobile telecommunications group, operating in many African and Asian countries, intends to roll out a 5G mobile Network in Nigeria this August. Nigeria will be [...]Safaricom to Raise $2 Billion for Funding of its Ethiopian Subsidiary
Safaricom has announced plans to raise close to $2 billion from development finance institutions (DFI) and local banks in five years to fund its Ethiopian subsidiary. Part of the funding [...]JSE Launches New Data Analytics Platform
The JSE has announced the deployment of an online trading analytics platform for listed firms and exchange traded funds(ETFs). This software has been provided by big xyt, a global provider [...]
