Poa Internet Secures US$ 28 Million in Series C Funding
Poa Internet, a Kenyan startup Internet Service Provider(ISP) which entered the country in 2015, has received $ 28 Million in Series C funding round led by Africa50, bringing the total [...]
Equity Bank cuts PayPal Withdrawal Settlement Period to 24 hours
Equity Bank has announced a reduction in the duration it takes to settle withdrawals from US-based PayPal, a multinational financial technology company operating an online payments system, from 3 days [...]Bolt Secures KSh80 Billion Funding for Expansion in Eastern Africa
Ride-hailing company, Bolt has secured KSh80.8 investment funding, raising the company's valuation to KSh952 billion. Investors who took part in the funding round include Sequoia Capital, Fidelity Management and Research [...]
MTN Huawei Roll Out 5G Network in Zambia
MTN has partnered with Chinese tech giant, Huawei, to roll out the first ever fifth generation(5G) network in Zambia. Gracing the 5G Demonstration in Lusaka, Minister of Science and Technology [...]Fourth edition of Africa Tech Summit set to take place live in Nairobi on Feb 23-24th
The African tech ecosystem will finally have the opportunity to connect again in person at the fourth edition of Africa Tech Summit taking place in Nairobi, Kenya on February 23-24, [...]Streaming Services Ranks Highest in Africa at 273%-Report
Streaming services in South Africa, Nigeria, Kenya, Egypt and other parts of Africa, ranked highest at 273 per cent ahead of other regions of the world. Streaming service is what [...]Mobile Banking Usage Increases During the Pandemic Period-FSD Survey
Mobile banking usage increased to 34.4% in 2021 from 25.3% in 2019, as more people used technology to transact during COVID-19 period. This is according to the latest FinAccess Household [...]Paylend, a Kenyan FinTech raises $2 Million from Next Chymia Consulting
Paylend, a Kenyan FinTech start up focused on providing access to finance and digitizing micro, small and medium-sized enterprises in Kenya has raised $2 million seed investment from Next Chymia [...]Ethio Telecom to Start 5G Trials
Ethio Telecom, Ethiopia’s National Telecom has announced plans to start 5G network trials for the first time in the country. The company is implementing the project using technology from the [...]Nissan Plans 50% Electric Vehicle Sales By 2030, Invests $17.6 Billion
Japanese automaker, Nissan has announced plans for half its global sales to be electric or hybrid vehicles by 2030, and is to invest around $17.6 billion over the next five [...]Sendy launches a Digital Platform for Online Sellers in Kenya
Sendy, a Kenyan tech-logistics startup, has set up a digital-enabled platform that relieves online sellers of logistics difficulties and their associated costs. A state-of-the-art Fulfillment Center with multiple picking locations [...]IFC, Liquid Intelligent Technologies Partner to Grow Africa's Digital Space
International Finance Corporation(IFC), the private sector lending arm of the World Bank Group has partnered with Liquid Intelligent Technologies- A South African technology group, to expand data centre capacity and [...]
