Sokowatch Secures $125 Million Series B Round, Rebrands to Wasoko
Wasoko, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has announced the close of a $125 million Series B equity round, the largest venture [...]
MTN Group to Reduce Shares in Nigerian Unit from 75.6% to 65%
MTN Group has announced plans to further reduce its shares in MTN Nigeria by over 10% as it seeks to broaden the local shareholder base, and attract new investors to [...]
CBK Gives Digital Lenders Six Months to seek for Fresh Permits
Central Bank of Kenya(CBK) has given all digital lenders Kenya until September to apply for new licenses. Regulations governing Digital Credit Providers will be gazetted later this month to pave [...]Safaricom Signs 5-Year Lease Infrastructure Agreement with Ethiopia
Safaricom has signed a five-year lease agreement with Ethiopia's state-owned power utility, Ethiopian Electric Power enterprise (EEP), to share dark fiber-optic infrastructure. The shared infrastructure will be part of Safaricom's [...]AfricaTech Awards invites applicants for its first edition
AfricaTech Awards, a pan-African initiative developed to recognize and support the most innovative and impactful tech start-ups across the continent, has announced a call for applications for its first edition. [...]Tiktok releases All-in-One Platform for Music Creators
TikTok has released SoundOn, an all-in-one platform for music creators that allows artists to upload their music directly to the App and to distribute it to various music streaming services. [...]Equity Group lobby CBK to reinstate Bank to Mobile Wallet transaction fees
Equity Group has asked the Central Bank of Kenya(CBK) to reinstate charges on transfers of money from bank accounts to mobile money wallets. Banks and the CBK have been holding [...]BasiGo Launches First Electric PSV Buses in Kenya
Electric mobility startup, BasiGo has launched the first electric passenger bus in the country that is set to revolutionize the transport industry. Currently, the firm is undertaking a pilot program [...]
MTN Uganda Net Earnings Rises 5.8% to USh340.4 Billion(US$95.3 Million)in 2021
MTN Uganda Limited has posted a 5.8% rise in Profit After Tax(PAT) to USh 340.4 Billion($95.3 Million) according to its audited results for the financial year ended 31st December 2021. [...]Branch International picks Kenya As its Pan-African Digital Bank launchpad
Branch International, a global digital financial solutions provider has outlined plans to roll out a true Pan-African digital bank with Kenya as its launch pad. Branch International, best known for [...]Sendy partners with residential minimarts in credit finance and fulfillment scheme
Kenya’s Sendy has teamed with Kenya’s Mini Marts to enable retail commerce at the micro level.. The supply-chain technology company is using its supply-chain expertise to help over 5000 minimarts [...]Microsoft ,Venture Capital Launch Initiative to Aimed to Benefit 10,000 African Start-Ups
Microsoft ,the tech giant has announced new initiatives to accelerate the growth of 10,000 African start-ups and fast-track investment in Africa’s start-up ecosystem over the next five years. Recently, Microsoft [...]
