Konza City Project Receives KSh 686.86 Million Grant from South Korea
Konza City Project has received a grant of US$ 6 Million(KSh 685.86 Million) from the South Korean Government for the construction of transport infrastructure, planning and security installations. Konza Technology [...]
UBA Signs Partnership Deal With Cellulant
United Bank for Africa (UBA) Plc and Cellulant have signed a partnership deal that will provide digital payment services to consumers and merchants across 19 countries where UBA has a [...]LittleApp Adds More Features As It Moves to One-stop Platform
Little, a technology firm based in Westlands-Nairobi, has reworked its App to include features that address fast-changing technological needs in the Kenyan market. Kamal Budhabhatti, Little Chief Executive Officer, said [...]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. [...]
