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Kenyan Assembled Smartphones Capture Market Attention
Kenyan-made smartphones are attracting attention in the market. Since the initial release in October last year, Kenyan buyers have bought 268,000 locally-made smartphones. East Africa Device Assembly Kenya Limited…
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StanChart Bank Announces Online Banking Transaction Fees
StanChart Bank announces online banking transaction fees for real-time gross settlement (RTGS) transfers conducted from the SC Mobile App or Online Banking Portal. Customers will be charged Sh500.00 for…
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Vodacom Tanzania’s Expansion through Smile Communications Acquisition
Vodacom Tanzania Plc has completed the purchase of Smile Communications Tanzania Limited for approximately 68.8 billion Tanzanian Shillings, equivalent to $26.6 million. With this acquisition, Vodacom now holds ownership…
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Pula Secures $20 Million Funding for InsuResilience Expansion
Pula, an insurance company based in Kenya, recently secured a $20 million Series B funding led by BlueOrchard Finance Ltd as part of its InsuResilience plan. This funding will…
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MTN Introduces New Remittance Corridors in Africa
MTN’s Mobile Money (MoMo) service is making progress across Africa. They’ve recently expanded their remittance services, adding 25 new corridors across 10 African countries. This impressive growth brings their…
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NCBA Group Increases Financing to Grit Services by $11.98 Million
NCBA Group, a leading Kenyan banking group, has signaled its growing confidence in the African real estate market by significantly increasing its credit facility to Grit Services Limited. This…
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Why joint venture projects will define Tanzania’s economic future
Tanzania, a country known for its rich natural resources and diverse economic landscape, is at a turning point in its development trajectory. The rising trend of joint venture projects…
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SunCulture’s $27 Million Funding Boosts Solar Irrigation Expansion in Africa
SunCulture, a Nairobi-based company specializing in solar-powered irrigation for farmers, has acquired $27 million in funding. This raises their total capital to over $65 million, with investors including InfraCo…
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Servercore Targets Kenyan IT Market with Affiliate Program Launch
Servercore recently announced the introduction of its affiliate program in Africa during an event held in Nairobi on April 10th. This program aims to offer profitable earning opportunities for…
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Kenyan Banks Focus on PesaLink for Faster Transactions Under KES 1 Million
Kenyan banks, under the leadership of the Kenya Bankers Association (KBA), have expressed their intention to focus on instant payments to reclaim their share in the money transfer industry. …
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