Huawei Overtakes Samsung as Top Handset Maker in Q2
China's Huawei Technologies has overtaken Samsung to become the number one handset maker in Q2 2020 aftershipping 55.8 million devicesin the April-June period, trumping Samsung's 53.7 million. Reutersreports that Huawei's [...]
Microsoft in Talks to Acquire TikTok US Operations
Microsoft is in talks to acquire TikTok's US operations in a move to revamp its advertising business. TikTok has come under immense pressure in the US due to security concerns [...]
Cost Cutting Initiatives Boost Samsung's Q2 Net Profit to $4.64 Billion
Samsung Electronics recorded a 7.3% profit increase YoY to $4.64 billion compared to $4.3 billion in Q2 2019. The company made a net profit of $4.08 billion in Q1 2020. [...]Nairobi headquartered DPO Group to be Acquired by Network International for $288 Million
Nairobi headquartered African Payment Service Provider DPO Group has entered an agreement for a 100% acquisition by Network International. Network International, a regional enabler for digital commerce in the Middle [...]Safaricom Unveils Lipa Mdogo Mdogo Plan to Offer 4G Phones at Ksh 20 Daily
Safaricom, in partnership with Google today launched the Lipa Mdogo Mdogo payment plan which will allow customers who earn a daily wage to access low-cost 4G smartphones for a deposit [...]Aga Khan Bids to Acquire Seacom in KSh65 Billion Deal
The Aga Khan Fund for Economic Development (AKFED) has made a bid, seeking to fully acquire fibre optic undersea cable firm, Seacom. According to an inquiry notice from the Comesa [...]Phase 1 of Konza Technopolis Data Center Complete
Phase 1 of the National Data Center at the Konza Technopolis has been completed, with plans of rolling out services underway. Huawei was picked as the contractor for Phase 1, [...]WhatsApp to Offer Credit, Insurance, Boosting Financial Inclusion in Rural India
Messaging platform WhatsApp is planning to offer credit, insurance and pension services to users in rural India to boost the country's financial inclusion. The platform will partner with more banks [...]Airtel WorldRemit to Offer Instant Money Transfers Across Africa
Airtel Africa has partnered with WorldRemit to scale its operations by offering instant money transfers across Africa. WorldRemit will enable customers from across the globe to receive money in Airtel [...]Modulus Launches High-Tech Futures Margin Exchange Solution for Commodities, Digital Assets, and Currencies
Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, today announced that it has launched its groundbreaking Futures Margin Exchange Solution, featuring advanced margin calculation [...]
Instagram piloting Fundraiser feature
Instagram, a free online photo-sharing application running on Facebook, has rolled out a feature that will enable users to raise money to support a business, a friend or for personal [...]
Uber Delivery Service Connect Launches in Kenya
Uber recently launched Uber Connect delivery services in Kenya, a move that follows its global shift to delivery services. The service will use motorcycles to deliver packages, providing same-day courier [...]
