U.K. to Spend $333 Million to Replace Huawei's 5G
The U.K. has announced that it will spend$333 million(250 million pounds) to replace its 5G wireless equipment sources, after banning China’s Huawei Technologies Co. from supplying the next-generation technology. According [...]
IBM Announces 10,000 Job Cuts in Europe
International Business Machines Corp. (IBM) has announced about 10,000 job cuts in Europe, a move that seeks to lower costs at its slow-growth services unit and prepare the business for [...]Nation Media Group enters podcasting space
Nation Media Group (NMG), the leading publishing house in the Eastern Africa region, has entered the podcast space as competition in the media industry heats up. Nation Africa digital brand [...]
Safaricom, Vodacom Joint M-Pesa Platform Monthly Transactions Hit KSh2.25 Trillion
A joint cash transfer platform operated by South Africa's Vodacom Group and Safaricom Plc has recorded a surge in the six months ending 30th September 2020. According to the Vodacom [...]Jiwe Studios Opens Doors with New African Game
Game development is undergoing a renaissance in Africa. A new game development studio, Jiwe Studios, has been opened in Nairobi, Kenya. Its first game USONI, to be released on Friday, [...]Nigerian Startup Autochek Secures $3.4M Pre-seed Funding Round
Nigerian automotive technology company Autochek has raised $3.4 million pre-seed funding for expansion of operations and platform development. This round was co-led by TLcom Capital and 4DX Ventures with other [...]
O-City Launches in Kenya, Promising a New Era of Contactless Matatu Payment
UK based automated fare collection provider, O-City, has launched operations into Kenya heralding a new era of contactless matatu payments. O-City says that the new service will target up to [...]Chipper Cash Raises $30M Series B Funding
African fintech Chipper Cash has raised a $30 million series B funding round that will be used to expand the product offering and venture into new markets. According to CEO, [...]MultiChoice Group Exceeds 20 Million Subscribers For the First Time
MultiChoice Group has reached 20.1 million viewers, exceeding the 20 million mark for the first time in its history.Interim resultsfor the half-year ended September 30th, 2020 show that its customer [...]Volkswagen to Invest $86 Billion in Electric Cars
Volkswagen has announced plans to invest$86 billionin the building of electric cars, by converting the German factories in Emden and Hanover to develop zero-emission and self-driving cars. The Volkswagen factory [...]Kenya to Earn KSh 1.4 Trillion from Digital Economy by 2025
The digital economy is expected to add KSh 1.4 Trillion or 9.24% of the GDP to Kenya's economy by 2025 according to the Accenture, Africa iGDP Forecast. It is one [...]
Africa's Internet Economy to Hit KSh19.6 Trillion by 2025
Africa's Internet economy has the great potential to reach KSh 19.6 Trillion ($180 billion) by 2025 according to a report by Google and IFC. Currently, the digital economy contributes nearly [...]
