Fintech firm DriveWealth Raises $450 Million
DriveWealth, the API-driven global brokerage firm registered with the U.S. Security and Exchange Commission said on Friday it had raised $450 million in its latest funding round, led by Insight [...]
PureSoftware Opens its First African Office in Nairobi
PureSoftware, one of the fastest-growing software companies founded by Reed Hastings, the Chairman and Co-CEO of Netflix, has opened its first African office in Nairobi Kenya. The company which is [...]
More Than 33% of Companies Worldwide Experienced Ransomware Attack in the Last 12 Months
A new survey by the International Data Corporation (IDC) found that more than 33% of organizations around the world suffered a ransomware attack that hindered access to systems or data [...]MTN Quits Race for Ethiopian Telecom License
MTN Group, one of Africa's largest telecommunications company says it has dropped out of the race for a telecom license in Ethiopia. Earlier this year, the company offered $600 million [...]MTN Group Posts $5.55 Billion Service Revenue in H1 2021
MTN Group has posted a $5.55 billion service revenue in H1 2021, representing a 2.1% growth, attributed to the strong growth of 25.5% in Ghana, 23.8% in Nigeria and9.3%in South [...]MTN Group Nears Lease Sale of South African Towers
MTN Group is nearing completion of the sale and leaseback of South African towers, with separation of the fintech and fibre units also underway. The company says the tower deal [...]Kenya's Mobile Money Payments Rise to KSh 3.3 Trillion in H1 2021
Mobile money payments in Kenya took off in the first half of this year thanks to the increased uptake of e-commerce services and a shift from cash payments to mobile-based [...]Bolt Raises KSh78 Billion, its Valuation Hits $4.7 Billion
Ride-hailing company, Bolt has raised KSh78 billion, increasing the company’s valuation to more than $4.7 billion. Investors who took part in the funding include Sequoia, Tekne, Ghisallo, G Squared, D1 [...]Vodacom Tanzania Managing Director Resigns
Hisham Hendi, the managing director of the telecommunications giant Vodacom Tanzania has stepped down as the MD after three years of service, to take up a new role as the [...]Airtel Africa Q1 Net Earnings Up 148.7% to US$ 142 Million
Airtel Africa, a telecommunications and mobile money provider in 14 countries in East Africa and Central and West Africa, Net Earnings more than doubled to US$142Million, up 148.7%, for the [...]
Cyber Attacks in Kenya rise 59% in Q2, 2021
Cyber Attacks in Kenya recorded a significant increase in the banking and financial sector in Q2 2021 compared to Q1, 2021, at 59%. This is according to the latest research [...]LG Electronics Plans to Transition to Renewable Energy by 2050
LG Electronics (LG), headquartered in South Korea, has said it plans to transition entirely to renewable energy by 2050. This disclosure is in the firm's latest Electronics Sustainability Report, which [...]
