Mobile Data Pricing 2020 Report: Somalia has the Cheapest Mobile Data in Africa
Cable.co.uk carried out a study between 3rd February and 25th February 2020, collecting data from 5,554 mobile data plans across 228 countries, trying to find out the average mobile data [...]
Safaricom Visa Sign Partnership to develop products around M-PESA
Safaricom and Visa haveannounced a partnership that will enable the development of products that will support digital payments for M-PESA customers. The partnership will cover over 24 million M-PESA customers, [...]Okra Raises $1 Million Pre-Seed Funding
Nigeria's open banking fintech startup, Okra, has raised a total of $1 million in its pre-seed round of funding. Investors who took part in the funding areTLcom Capital, a Lagos, [...]Pezesha launches FREE digital financial Credit education chatbot at scale to reduce debt stress and debt traps
Pezesha means Financial Empowerment. This is our ultimate mission in ensuring our digital financial infrastructure continues to be relevant and essential to all stakeholders in our value chain, be it [...]Facebook Buys Minority Stake in Indian Firm for $5.7B
Facebook has completed a $5.7 billion deal in India's Jio platforms thereby becoming the largest minority shareholder. The social media giant will own about 10 percent of Jio platforms which [...]
Google's Loon Dispatches Additional Balloons to Kenya
A larger fleet of Loon balloons is heading to Kenya after successful launches from Loon’s launch site in Puerto Rico, this week. These balloons will join the eight balloons that [...]Uber Launches New Delivery Services
Ride-hailing company, Uber Technologies, has launched new delivery services, dubbed Uber Connect and Uber Direct, a move that suggests a shift in the company's business, seeing that the COVID-19 pandemic [...]COVID-19 Offers a Silver Lining for Telcos
Mobile phone operator Safaricom Limited is on the list of companies that are thriving during the COVID19 crisis. This is as more subscribers load up data bundles to enable work [...]
Women-Focused Fund Secures $75 Million Investment
Fund for Women-Led African Enterprises, Alitheia IDF, has secured $75 million (KSh8 Bn) funding to invest in female-led businesses. With the funding, the firm is looking to invest in about [...]Nigeria’s Genomics Firm, 54gene, Secures $15 Million in Funding
Nigeria's genomics research, services, and development startup, 54gene, has raised $15 million (KSh 1.6 Bn) in its Series A round of funding. Investors who took part in the funding are [...]Rwanda's Health-Tech, Kasha, Raises $1 Million for African Expansion
Healthtech e-commerce company focused on women’s health, Kasha, has received a $1 million investment from Finnish financier, FinnFund. The funding is set to increase the company’s presence in Rwanda and [...]Kenya Legalizes Drone Operations
Kenya has legalized drone operations, also referred to as unmanned aircraft systems, for commercial and recreational purposes. Therefore, manufacture, assembly, modification, testing, and sale of drones can be done in [...]
