FinTech

Visa Innovation Studio
TECHNOLOGY

Visa Innovation Studio: A Hub for Co-creating Future Payment Solutions in Africa

Visa, the global leader in digital payments, recently launched its first dedicated innovation site in Sub-Saharan Africa: the Visa Innovation Studio, in Nairobi, Kenya. The studio has been established to…

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AIfluence
TECHNOLOGY

AIfluence has emerged the winner of Visa Everywhere Initiative Kenya Edition 2023

AIfluence, Africa‚Äôs first AI-driven influencer marketing platform, has emerged as the winner of the Visa Everywhere Initiative VEI Kenya Edition 2023. The startup beat four other finalists to clinch the…

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mradi
TECHNOLOGY

Mozilla Africa Mradi Innovation Challenge: Empowering African Tech Innovators

Mozilla Corporation in partnership with the Nairobi City County Government (NCCG) launched the Mozilla Africa Mradi Innovation Challenge. The challenge is a unique initiative that aims to identify and support…

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women-led tech
TECHNOLOGY

KCB has brewed a partnership with Strathmore to sponsor 15 women-led tech StartUps

KCB has brewed a partnership with Strathmore to sponsor 15 women-led tech StartUps. The partnership will see the 15 women-led startups undergo 12 weeks of business incubation training under the…

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Visa Africa
TECHNOLOGY

Visa Announces Launch of Visa Africa Fintech Accelerator Program

Visa (NYSE: V) has announced the launch of the new Visa Africa Fintech Accelerator program to help enable Africa‚Äôs expanding start-up community through expertise, connections, technology, and investment funding.¬† The…

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startup activity
OPINION

Factors driving the thriving startup activity in Kenya

Kenya is a hub for entrepreneurship and startup development in East Africa, with a growing ecosystem of innovative businesses and supportive infrastructure. According to the recently released Partech Africa Tech…

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MPESA Africa
TECHNOLOGY

MPESA Africa Invests $2 Million in Shared Service Operations Centre

 MPesa Africa has launched a Shared Service Operations Centre (SSOC) in Nairobi. The M-Pesa SSOC will oversee service operations and technical support including incident monitoring and resolution, managing platform changes…

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telecommunication sector
TECHNOLOGY

Kenya’s telecommunication sector Q2 (October-December 2022) statistics

The latest quarterly statistics report from the Communications Authority of Kenya (CA) shows that Kenya‚Äôs telecommunication sector continued to grow in Q2 2022 (October-December 2022). Here are some of the…

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TECHNOLOGY

SC Ventures Partners With Yabx To Offer Purpose-Driven Loans

SC Ventures, Standard Chartered‚Äôs innovation, fintech investment, and ventures arm has entered into a memorandum of understanding (MOU) with Yabx BV, a company incubated by Comviva and part of the…

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Africa tech summit
STARTUPS

14 start-ups announced to Pitch Live at Africa Tech Summit 

Africa Tech Summit has announced the final shortlist of ventures who will Pitch Live on stage to investors, corporate and media at the Africa Tech Summit in Nairobi from 15th…

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Kyosk.app
STARTUPS

Digital Insurance Platform mTek Partners with Kyosk.app and Fin to Provide Coverage to Kenyan Informal Retailers

¬†Digital insurance platform mTek has partnered with digital informal retail aggregator Kyosk.app and Fin, a focused fintech platform to provide insurance covers to over¬†100,000 Kenyan dukas. Despite employing over 80…

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Partech 2022 Africa Tech Venture Capital Report
TECHNOLOGY

Partech Africa’s 2022 Annual Report Reveals African Tech Ecosystem Grew Faster Than All Other Markets Globally

Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture…

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ASIP
STARTUPS

Telecel Group and Startupbootcamp AfriTech Select Participants for Africa Startup Initiative Program Accelerator – ASIP

Startupbootcamp AfriTech, a leading tech accelerator in Africa, has joined forces with telecommunications giant Telecel Group to select the participants of the highly coveted Africa Startup Initiative Program (ASIP) Accelerator….

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kwara
STARTUPS

Kenya Fintech startup Kwara Raises $3M Seed Extension

Kwara raises $3 million seed extension and signs an agreement to acquire a subsidiary of the Kenyan Union Of Savings and Credit Cooperatives (Kuscco). Thirteen months ago, Kwara raised $4…

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BUSINESS

Digital Partnership Between Kwara & IRNET Coop To Upgrade SACCO Services In Kenya

Kwara, a Kenyan fintech company has acquired IRNET Coop Kenya Ltd, a software company that is a subsidiary of the Kenya Union of Savings and Credit Cooperatives (KUSCCO LTD). With…

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investments
TECHNOLOGY

Visa Pledges $1bn Investments in Africa to Accelerate Digital Transformation

Visa has pledged to invest $1bn investments in Africa over the next five years in a bid to promote resilient, innovative and inclusive economies on the continent. The new funds…

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TECHNOLOGY

Kenya shillings 1000 is the new minimum for CRB listing

The Central Bank of Kenya (CBK) has announced that Kenya shillings 1000 will be the new minimum threshold for negative credit information that lenders will submit to the Credit Reference…

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BUSINESS

Fintech: Diaspora Transaction Volumes Rose To Ksh107 Billion from Ksh36 Billion

Equity‚Äôs Fintech innovation and digitization have powered rapid growth of Diaspora banking boosting the total revenue income by 38%. Diaspora transaction volumes grew by 196% to Kshs 107 Billion while…

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TECHNOLOGY

 Agriculture based applications beat Fintech and health Apps in demand

Pangea, an international start-up accelerator, has closed its application platform recording a total of 403 applications. Agriculture was the largest sector represented, comprising 27% of the applications. The growing interest…

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TECHNOLOGY

AllenHark to provide real time reports on investment to crypto-traders in new platform

AllenHark Group recently launched presales to build its AllenHark Terminal, a hardware and software subscription-based platform to provide crypto-traders with real-time data, aggregated news and trading reports to help them…

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TECHNOLOGY

KCB Quarter financial report: Interest cap and political tension to blame for Low interest income

Fees and commissions saw KCB Group‚Äôs total non-interest income read at Ksh 17.5 billion an increase of 18.4% against the same period in 2016. The financial institution posted a pre-tax…

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TECHNOLOGY

Pesalink money transfer payments solution links 2 millionth customer

  A total of 2 million bank customers have signed up for the newest money transfer service, PesaLink owned by the bankers‚Äô umbrella body. The milestone has been achieved barely…

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TECHNOLOGY

ICT experts rally for a common reporting framework on ICT and development for Africa

Over 32 countries have assembled in Addis Ababa for the annual Africa review and follow up of the progress in achieving the World Summit on Information (WSIS) outcomes. The experts…

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STARTUPS

Two East African Startups win investments in Village Capital’s FinTech for Agriculture 2015

Village Capital has announced the first winners of its innovative program, East Africa: Fin Tech for Agriculture 2015. The program supports entrepreneurs in making financial services more affordable and accessible…

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