SpaceX Raises $850 Million in Funding
Elon Musk's SpaceX has raised$850 millionin a round of fresh equity funding, sending its valuation to about $74 billion. SpaceX raised the funds at $419.99 a share, and the latest [...]
NSE Switches to New Safaricom Powered Broker Connectivity Solution
The NSE has successfully migrated to a Safaricom powered broker solution, a move that is expected to boost trading volumes and level of activity at the bourse. This Software-Defined Wide [...]
Africell Bags Angolan Telco Licence
Africa-focused mobile network operator, Africell, has secured a mobile telecommunications operator’s licence in Angola, joining three other operators Movicel, Unitel and Angola Telecom already serving the country. Africell [...]Ethiopia Pushes Deadline for New Entrant Bids for Mobile Money Licences to 5th April 2021
The Ethiopian Communications Authority (ECA) has extended the deadline for suitors to submit pitches to enter the mobile money market and compete with incumbent Ethio Telecom, to 5th April 2021. [...]Google Loon to Cease Services in Kenya on March 1 After Announcing its Wind-up
Google's parent company Alphabet will shut down its Loon internet Program after the company failed to find a sustainable business model and partners. While we've found a number of willing [...]Nigeria’s uLesson Raises $7.5 Million in Series A Funding
Nigeria’s ed-tech startup, Ulesson, an online learning platform, has raised $7.5 million in its Series A funding round. The startup combines streaming and SD cards to minimize data streaming cost [...]Ethio Telecom Diversifies, Seeks to Venture into Mobile Money
Ethio Telecom, Ethiopia's National Telecom has announced plans to invest in the financial sector, seeking to boost the company's operation besides its traditional telecom service. According to the company's CEO, [...]Visa’s Acquisition of Plaid Hits Regulatory Wall
Visa's acquisition of fintech company, Plaid, has hit a regulatory wall, ending the consumer credit giant's takeover of the data-focused fintech API startup. The deal had been valued at$5.3 billionat [...]Huawei Seeks to Enter Ethiopia as Telecom Sector Opens
Huawei Technologies has expressed interest to venture into Ethiopia as the country starts to open up its telecommunications sector. The company plans to cement its position as a vendor of [...]Kenya's Mobile Money Accounts Exceed 65.7 Million
More than 6.5 million Kenyans registered new mobile money accounts in the 11 months through November 2020, bringing the total number of mobile money accounts at the end of November [...]
World's Biggest Music Company Seeks New Markets in Kenya, South Africa Nigeria
The world's largest Music Company, Universal Music Group has appointed a CEO for the Sub Saharan Africa region as it seeks to expand in the African continent. South African, Sipho [...]Safaricom Halts 5G Rollout Plans, Focuses on 4G
Telecommunication giant, Safaricom has halted its plans to roll out the 5G mobile internet service in Kenya, saying it is shifting focus onconverting millions of 2G and 3G subscribers to [...]
