Twiga Foods Raises KSh 5.5 Billion to Fund Expansion Drive in Africa
Twiga Foods, a Kenyan agri-tech firm, has announced a US$50 Million (KSh 5.5 Billion) Series C round to scale its efforts in Kenya and other neighbouring countries. It targets to [...]
Autochek Officially Launches in Kenya
Autochek, the automotive technology company facilitating auto financing across Africa, has officially launched in Kenya as part of its pan-African expansion. With credit penetration in Kenya at 27.5% (significantly higher [...]
Safaricom leads in Network Speed, Internet Connection Report
Safaricom, a leading mobile provider in Kenya, had the highest Speed Score (29.20) in Kenya during Q3 2021. This is according to an analysis by US-based Ookla considered a global [...]Kenya Cautious on Multinational firms' Digital Tax Reforms
Kenya Revenue Authority (KRA) has said it will exercise caution before signing an inclusive international framework agreement to reform how multinational tech firms pay digital tax. This follows a recent [...]The rise of African tech unicorns
African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or more this year alone, taking the total up to seven. [...]Celo Unveils Make Crypto Mobile Hackathon with $2.5 Million Prize Money
Celo, an open-source blockchain ecosystem focused on making decentralized financial (DeFi) systems and tools accessible to anyone with a smartphone, has announced Make Crypto Mobile Hackathon. The coding phase of [...]PCK Signs a Deal with Swift Lab- a Kenyan Drone firm
The Postal Corporation of Kenya (PCK) has partnered with Swift Lab Limited to roll out drone-based last-mile delivery services countrywide for medical supplies, e-commerce purchases and essential cargo. PCK deal [...]Google to Invest $1 Billion in Africa's Digital Transformation
Google has announced plans to invest $1 billion in accelerating Africa's digital transformation, over the next five years. Part of the investment includes a partnership with Safaricom Plc, which will [...]MTN Uganda Plans $1.2 Billion IPO for East African Investors
MTN Uganda has announced plans for an Initial Public Offering (IPO), looking to sell a fifth of its stake to East African investors. This includes investors from Kenya, Uganda, Tanzania, [...]Network International closes acquisition of DPO Group
London Stock Exchange listed Network International has completed its acquisition of Nairobi headquartered African Payment Service Provider DPO Group in a deal valued at $288 Million. The deal, first announced at [...]Facebook's 2Africa Undersea Cable Set to be the Longest Upon Completion
Facebook backed undersea cable, dubbed the 2Africa cable, is set to the the longest in the world upon completion, with the firm saying the cable will now extend to [...]Airtel WorldRemit Partner for Customers to Receive Cash from 129 Countries for Free
Airtel has partnered with WorldRemit to allow its subscribers to receive money from 129 countries across the world, a move aimed at boosting the telco’s efforts to increase its share [...]
