Quarterly Mobile Cash Deposits by Kenyans hit KSh 888 Billion
Mobile Cash deposited electronic wallets of Kenyans reached KSh 888, 157,500, 354 in the three months ending September 2020, driven by the use of mobile cash as a means of [...]
Safaricom Plc sets eyes on Kenya's Money Market
Safaricom Plc, Kenya's leading mobile firm, is looking for partnerships with fund managers and investment banks as it seeks to become a fully-fledged financial services provider. Safaricom Plc is in [...]Vodafone concludes talks on sale of US$ 2.4 Billion Egyptian stake
UK-based telco Vodafone has announced the ending of its talks with Saudi Telecom Company (STC) on the US$2.4 billion sale of its 55% shareholding in Vodafone Egypt. This is after [...]Netflix Doubles Down on African Strategy, Appoints Strive Masiyiwa to Board
Netflix has appointed Zimbabwean billionaire and philanthropist Strive Masiyiwa to its board of directors. The appointment has come at a time when the company is looking to expand its African [...]
Rolls-Royce Publishes Revolutionary AI Ethics Framework
Rolls-Royce has published a ground breaking Artificial Intelligence Ethics toolkit and framework in a move aimed at advancing ethical use of AI by organisations and governments. This marks a huge [...]
AdTech Firm MediaPal Wins 2020 Most Disruptive Marketing Award
Advertising technology firm MediaPal has emerged as the overall winner under the Disruptive Marketing (Tech marketing) category at this year’s Marketing Society of Kenya (MSK) awards held in Nairobi over [...]
KRA Updates iTax System Ahead of Digital Services Tax
The Kenya Revenue Authority(KRA) has updated its iTax system as it prepares to start taxing firms and individuals who source their income in the digital marketplace, come January 2021. The [...]MPesa Partners with Visa to Enable International Payments
MPesa has partnered with Visa, the world's largestretail electronic payments company, to enable Mpesa users to make payments on e-commerce sites like Amazon, send money internationally, and make cross-border payments. [...]Airtel Picks Nokia to Lay 5G Foundations in Nairobi
Airtel Kenya has picked Nokia to modernize Nairobi with high speed4G and 5G-ready hardwarefrom its comprehensive AirScale portfolio. The agreement, which runs for 3 years, will also future-proof Airtel Kenya's [...]Facebook Acquires Kustomer for $1 Billion
Facebook has acquired Kustomer, an omnichannel Software-as-a-Service (SaaS) CRM platform specializing in customer service. The acquisition will cost Facebook $1 billion. The acquisition seeks to build out the services Facebook provides [...]Chamasoft wins Co-op Bank's Fintech Award
Chamasoft, a fintech firm that has built a platform for automation of savings groups and co-operatives, has won the Akili Kali Challenge award, an initiative that was set up by [...]Safaricom Rethinks Lowering M-Pesa Transaction Fees as Waivers Persist
Mobile operator Safaricom is said to be toying with the idea of lowering transaction charges across all bands on its M-Pesa mobile cash transfer platform. The plot is to retain [...]
