UK Digital Banking App Revolut raises $ 800 Million
Revolut, a British-based digital banking app, has collected $800 million in fresh funding together with Softbank's Vision Fund and Tiger Global Management, pushing up the value of the outfit to [...]
Kenya's Five-Month Mobile Money Transactions Climb 56% to KSh2.7 Trillion From a Year Ago
Mobile money transactions have been on the rise in recent months as more Kenyans prefer digital payments to cash payments. The onset of the covid19 pandemic pushed businesses and consumers [...]
Zoom Users in Kenya to Pay 16% VAT beginning August 2021
With its Headquarters in San Jose, United States, Zoom Video Communications Inc has informed its customers in Kenya of plans to begin charging Value Added Tax(VAT) on its supplies beginning [...]Safaricom Pays KSh106 Billion in Taxes License fees to Kenyan Government in 2021
For the 13th year in a row, the Kenya Revenue Authority named Safaricom as the top taxpayer in Kenya in 2020. The leading telecommunications company paid KSh106 billion in duties, [...]M-KOPA Solar Expands into Nigeria
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, and which also offers underbanked customers finance to acquire smartphones, solar lighting, TVs and domestic appliances, has expanded into [...]
South Sudan Launches Digitel, 1st Local Telecom
South Sudan's first-ever locally-owned mobile telecom operator, Digitel Network, has launched operations in the country, aiming at fast-tracking connectivity of areas previously not served by foreign-owned telecom firms. The country's [...]100MW Kipeto Wind Farm Project in Kajiado Now Complete
Construction of the 100 MW Kipeto Wind Farm Project, located in Kajiado, has reached its completion. The two partners in this project, Pan-African developer BTE Renewables and Kenyan Craftskills said [...]Bank of Uganda Takes Over Regulation of Mobile Money Services
The Bank of Uganda(BOU) has completely taken over the regulation of Mobile Money Services from the Uganda Communications Commission amidst anxiety and fears from customers. In June this year, the [...]Features of 360 Degree Performance Appraisal Tool
The means of 360 degree appraisal interaction may marginally differ from one association to another. Anyway the timetable of the 360 degree feedback measure remains very same. A timetable has [...]Nigeria to Block MultiChoice Africa Over $4.4 Billion Tax Evasion Claims
MultiChoice is facing shut-down in Nigeria after the country's tax authority, Federal Inland Revenue Service (FIRS), asked lenders to freeze the company's local bank accounts over $4.4 billion tax evasion claims. The [...]Nairobi is Top Fintech City in Africa: 2021 Global Fintech Rankings
Nairobi is the city with the largest fintech ecosystem in Africa, according to 2021 Global Fintech Rankings. Kenya's commercial nerve centre jumped 26 places upwards to rank 37th on the [...]Liquid Technologies Facebook Partner to Lay 2,000 Km of Fibre in DRC
Africa’s largest fibre company, Liquid Intelligent Technologies, has partnered with Facebook to lay 2,000 kilometres of fibre in the Democratic Republic of Congo (DRC). Facebook will not only invest in [...]
