CBK Takes Plunge into Digital Currency Space
The Central Bank of Kenya (CBK)has finally taken a plunge into the deep waters of digital currency after stalling for a while. Kenya's monetary authority is inviting comments from the [...]
Mobile Money Transactions Ups 32% to Hit KSh 6.8 Trillion in 2021-CBK
Mobile money transactions in Kenya grew by 32% in 2021, data from the Central Bank of Kenya(CBK) shows. This growth in mobile money use is attributed to an increase in [...]How African Digital Currency Innovation Found Roots in a Village
Sarafu, a network of community-governed digital currencies running on a public, non-profit University led decentralised ledger system called BloxBerg (an EVM Ethereum blockchain), is cushioning communities in the face of [...]
Airtel Africa Plc Net Earnings in Q3 2021 rise to $ 514 Million
Airtel Africa profit after tax almost doubled to $514Million as higher profit before tax more than offset associated tax charges for the nine months period ended 31st December 2021. Airtel [...]PE Firm Everstrong Capital Buys Majority Stake in Kenya's SealTowers Limited
American Private Equity fund, Everstrong Capital has bought a majority stake in SealTowers Limited, a Kenya-based independent provider of cell towers. However, the deal is still subject to regulatory approvals, [...]
Lami Technologies, Kenyan Insurtech Startup Acquires Bluewave Insurance Agency
Lami Technologies, a Kenyan insurtech startup has acquired Bluewave Insurance Agency for an undisclosed amount, entered Malawi and Democratic Republic of Congo as it seeks for markets in Africa Bluewave [...]Nigeria's Bamboo Raises $15 Million in Series A Funding Round
Nigerian fintech startup, Bamboo, has raised $15 million in its Series A round of funding, seeking to accelerate its growth, move into new markets and launch more products. Investors who [...]Airtel Africa Joins FTSE 100 Index
Airtel Africa is set to join the FTSE 100 index on Monday, 31st January 2022. The Financial Times Stock Exchange 100 Index, is a share index of the 100 companies listed on the London Stock Exchange with [...]Tanzania's NALA Raises $10 Million in its Seed Round of Funding
Tanzania's cross-border payments fintech startup has raised $10 million in its seed round of funding, seeking to expand across Africa in 2022. Investors who took part in this round of [...]Sandbox Launches $50 Million Metaverse Accelerator Program
The Sandbox, a leading decentralized gaming metaverse has launched a $50 million Metaverse Accelerator Program, targetting 100 startups to enhance the open metaverse. With applications now open and the first [...]Africa Focused VC TLcom Secures First Close of $150mn Tech Fund
Africa focused Venture Capital firm TLcom has announced the first close at $70 million for its new $150 million Africa-focused tech fund. Participants in the round include Allianz, the world's [...]Rolls Royce Spirit of Innovation' is World's Fastest All-Electric Aircraft
Rolls Royce's all electric airplane, dubbed the ‘Spirit of Innovation’ is officially the world’s fastest all-electric aircraft, having set two new world records which have now been independently confirmed. On [...]
