Kenya Ranked 21st out of 47 Countries with Cheapest Mobile Data in Sub Saharan Africa
Kenya is position 21 out of 47 countries in Sub-Saharan Africa with the cheapest mobile data cost in 2021, according to research by Cable.co.uk. The country ranks behind Sudan, Somalia, [...]
Mastercard buys Online identity Verification Startup Ekata for US$ 850 Million
Mastercard has strengthened its online identity management capability by acquiring Ekata, an identity verification firm, for US$850 Million. This move has been prompted by rapid digital transformation happening in online [...]
UK Eyes Central Bank Digital Currency
The UK is considering creating a digital currency backed by the country's Central Bank. On Monday, the Bank of England and the Treasury announced a team of experts who will [...]Telkom Kenya to Create a Digital Wallet for the Youth
Telkom Kenya has announced that it plans to create a youth-focused mobile money platform known as Fursa that will open up financial opportunities for young Kenyans. The initiative is in [...]Uganda’s Numida Raises $2.3 Million in Seed Funding
Ugandan fintech startup targeting semi-formal micro and small businesses, Numida, has raised $2.3 million in seed funding. Investors who took part in the funding include Pan-African payments company MFS Africa, [...]
Foreign-Owned ICT firms to Sell 30% Stake to Kenyans by 2024
Foreign-owned ICT firms have a deadline of three years to ensure they have a 30% ownership by Kenyans. In the latest Gazette Notice Vol. CXXIII—No. 69, dated 9th April 2021, [...]Twitter Picks Ghana as HQ for Africa Operations
Social Media giant, Twitter, yesterday announced that it is establishing its presence in Africa by opening its first office in the continent in Ghana. Twitter CEO Jack Dorsey announced the [...]Toshiba Receives $20 Billion Buyout Offer from CVC Capital Partners
Japanese electronics giant, Toshiba, has received a buyout offer from CVC Capital Partners, a British private equity fund. The deal is estimated to be worth$20 billion. If successful, the offer [...]Plaid Raises $425 Million in Series D Funding
Fin-tech company, Plaid has raised $425 million in its Series D funding round, bringing the company's valuation to $13.4 billion. Investors who took part in the funding include Altimeter Capital, [...]Payments Platform, Stripe, Launches in the Middle East
Online payments platform, Stripe, has officially launched its first entry into the Middle East, opening an office in the United Arab Emirates, in Dubai Internet City. Henceforth, businesses operating online [...]GDC Receives US$ 692,000 from New Zealand for Power Plant
Geothermal Development Company(GDC) will receive( $692,000) KSh 76 Million from New Zealand to strengthen its technical and managerial capacities in geothermal steam operations at the Menengai Geothermal Field. According to [...]Mobile Money Transactions Hit KSh 1 Trillion in First 2 Months of 2021
The value of mobile money transactions in Kenya reached KSh1.16 trillion in the first two months of 2021 as more people used mobile money wallets to pay for goods and [...]
