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AfDB launches a $400m Africa Digital Financial Inclusion Fund to expand digital financial transactions in Africa

The African Development Bank and its partners on Wednesday launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and expansion of digital financial transactions in Africa. The Fund, launched at the Bank’s Annual Meetings in Malabo, Equatorial Guinea, is supported by the Bill & Melinda Gates...

Futuremakers by Standard Chartered raising $50m to invest in 50,000 youth-led startups

Standard Chartered Bank has launched its new community investment approach called Futuremakers by Standard Chartered to help the next generation learn, earn and grow. Futuremakers by Standard Chartered aims to empower young people with education, employability and entrepreneurship opportunities. “More than 20% of Kenyans are youth, yet the economic...

Kenya’s WayaWaya, Ghana’s Oze & SA’s Snode Technologies raise $225K from MEST Africa Challenge 2019

Pan-African entrepreneurial training program, seed fund, and incubator MEST Africa, has named Oze from Ghana, Snode Technologies from South Africa and WayaWaya from Kenya as this year’s winners of the MEST Africa Summit 2019. MEST Africa Summit, held in partnership with Microsoft brought together entrepreneurs, investors, ecosystem players and executives...

SEACOM launches its corporate internet & cloud services to businesses in Uganda

SEACOM has launched its corporate market offering into Uganda to provide corporate organisations in Uganda with reliable data connectivity and cloud services. SEACOM will provide a corporate-grade consistent service quality by leveraging SEACOM’s existing high-speed fiber-based network infrastructure that extends from Kampala onto its diverse subsea international backbone. SEACOM’s Managing Director...

AfDB’s ‘Boost Africa’ receives 3.2m Swiss francs to enhance entrepreneurship & innovation across Africa

‘Boost Africa’, an initiative launched by the African Development Bank and the European Investment Bank has received 3 million Swiss francs to its Entrepreneurship Lab (E-Lab) to enhance entrepreneurship and innovation across Africa. The boost came from State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO)...

Equity Bank Gets £50m From the European Investment Bank

The European Investment Bank, supported by the European Union has launched a new EUR 50 million (KES5.7 billion) agriculture sector financing programme to support long-term investment by agriculture companies in Africa. Dubbed the Kenya Agriculture Value Chain Facility, the initiative, run through Equity Bank across the country will help agriculture...

Kenya’s Twiga Foods raises $5m from French firm Creadev to support its expansion plans

Kenya’s Twiga Foods, a B2B platform that aggregates retail demand and efficiently provides low cost access to better quality food has raised $5m from French investment firm Creadev to help Twiga achieve its ambitious goals. Creadev is run by the Paris-based Mulliez family with operations in Nairobi, Shanghai, and New...

AfriLabs Expands into 45 African Countries

AfriLabs, the pan- African network of technology and innovation hub has added 27 new hubs into her network thereby extending her reach into 6 countries; Guinea, Mauritius, South Sudan, Libya, Tunisia and Botswana and 12 new cities making it a total of 158 Hubs in 45 African Countries. In Central...

MarketForce360 to help businesses optimize their business processes

In 2013, two like-minded second year Computer Science undergraduate students, Tesh Mbaabu and Mesongo Sibuti founded a software company, Mesozi, with the mission to help businesses harness the power and scale of technology to optimize their business processes. Four years later, the two were approached severally with a...

Kinaya Ventures Unveils Spring Fellowship to help tech-enabled startups scale across Africa

Kinaya Ventures and its partner Nestlé held a meet-up part of an African tour to source early/late stage startups in Africa – with proven track records and technological solutions capable to solve innovation challenges of industry leaders in Africa. The goal of this meet-up was to present to Africa-based tech-enabled...

Microsoft Cloud Accelerator Programme for women extend to Kenya & SA

Microsoft has extending the reach of its Cloud Accelerator Programme to eight more countries including Kenya and South Africa. The programme, which currently covers the US market, will be expanded to Kenya, South Africa, Canada, France, Germany, India, the UAE and the UK in partnership with IdeaGen and Women in Cloud. This immersive...

WorldRemit unveils a salary payments service to allow UK firms or NGOs pay staff in Africa

WorldRemit has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to pay their employees or contractors in 140 countries worldwide, including fast-growing emerging markets such as Ghana, Nigeria, Kenya, and South Africa. The platform will first be available to U.K.-registered businesses and is promising...

IBM Expands its Quantum Computing Program to 16 Universities in Africa

IBM has expanded its quantum computing efforts to Africa in a new collaboration with the University of the Witwatersrand (Wits University) in South Africa, as its first African partner on the IBM Q Network. Wits University will be the gateway for academics across South Africa and to the 15 universities...

Here is a breakdown of Telkom’s new free night & WhatsApp data bundles & calls

Telkom subscribers can now enjoy free data at night, free WhatsApp and free minutes for Telkom-to-Telkom calls when they sign up for the new daily data offering. The bundles, which are valid for 24 hours from the time of signing up, are packaged as Daily 500MB and Daily 2GB, both...

BBC launches 14 week program to get women into tech careers

A new scheme from the BBC will enable women looking to move into a career in software engineering to gain the skills they need to do so. Applications already opened for this year’s Step Into Tech scheme, with an application deadline of July 5, 2019. After a hugely successful pilot...

Unilever Launches ‘Everyday Essentials’ Store on Jumia

Fast moving consumer goods manufacturer, Unilever, has officially launched its store on Jumia, dubbed the ‘Everyday Essentials Store’ joined the ranks of multinationals leveraging the huge potential of e-commerce to create more visibility for their brands in Nigeria. Univeler with therefore stock some of it’s fast-selling brands, such as Close-up Red...

Nokia & UNICEF give tablets to blind & deaf primary school kids in Kenya to boost digital literacy

Nokia and the Finnish National Committee for the United Nations Children’s Fund (UNICEF) and UNICEF Kenya are launching digital textbooks in Kenyan primary schools to increase equitable access to digital literacy especially for girls and children with disabilities in urban informal settlements and remote areas. The Accessible Digital Textbook with...

UTU Technologies & Graychain to enhance access to credit in Africa

Nairobi-based UTU Technologies and Hong Kong-based Graychain to give UTU’s customers the ability to link their UTU profile to the Graychain platform to generate credit reports and enhance their access to credit. According to Jason Eisen, Utu’s CEO: “We are thrilled to begin collaborating with Graychain. Their vision of anonymity-capable...

BanQu raises Series A extension to help lift people out of extreme poverty

BanQu, a non-cryptocurrency blockchain platform has raised an undisclosed Series A extension round to help lift people out of extreme poverty by connecting them to the global supply chains that they participate in, and the brands, organizations, and governments that power them. The round was led by ZX Ventures...

Huawei inviting developers to publish their apps on its AppGallery

Shortly after the United States blocked Huawei from purchasing U.S. tech without government approval, Google was one of the first companies to comply with the ban. Alphabet Inc. revoked Huawei’s Android license, which intensified the Chinese company’s efforts for its own Android alternative operating system and app store. Last month, Google locked Huawei out...

AgriTech startups to receive £220K from GSMA Innovation Fund for Digitisation of Agricultural Value Chains

The GSMA Innovation Fund for Digitisation of Agricultural Value Chains aims to scale digital solutions for the agricultural last mile and improve smallholders’ financial inclusion, livelihood and climate resilience. The Fund prioritises enterprise services targeted at organisations (e.g. agribusiness, cooperatives, etc.) procuring from smallholders with the focus on those...

Dynamic email in Gmail to be available on July 2, 2019

Google is rolling out a major update to Gmail giving users the ability to send and receive dynamic emails from July 2, 2019. The service, which is currently available in a beta version to G Suite customers, uses the accelerated mobile pages (AMP) framework to load web pages within...

Visa’s Blockchain-based Visa B2B Connect for global cross-border payments launches

Visa has commercially launched its Blockchain-powered Visa B2B Connect network, giving financial institutions an ability to quickly and securely process high-value corporate cross-border payments globally.  The Visa B2B Connect launch will cover more than 30 global trade corridors, with an aim to expand to as many as 90 markets by...
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2013 presidential aspirant nabbed with Sh13m drugs

17% of pupils abusing drugs, NACADA survey shows. Photo/Courtesy Zadock Angira @PeopleDailyKe Former soldier and unsuccessful 2013...

Hope at last for youth as Sh100bn fund set up

A fund targeting over Sh100 billion has been set up to train and help five million young people in Kenya to get...

America-based insurer targets expatriates in Kenyan entry

Cigna’s entry will step up competition for global health insurers. FILE PHOTO | NMG  American health...

Manhunt Launched for Govt Officials Who Grabbed KBC Land

The Directorate of Criminal Investigations (DCI) has launched a manhunt for senior government officials and politicians who grabbed land belonging to national broadcaster Kenya...

USA advance with Sweden win, Cameroon snatch dramatic last 16 spot

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DPP wants Waititu case expedited : The Standard

DPP office on Wednesday told a Kiambu court that it erred in giving anticipatory bail to Governor Ferdinand Waititu.

Murunga keen on taking up Mean Machine assignment

Coach Paul Murunga conducts a training session at the University of Nairobi grounds on Wednesday. Photo/ALEX NJUE ...

Kenya takes the lion’s share of Sh143 billion private equity deals in EA region

Kenya takes the lion’s share of Sh143 billion private equity deals in EA region. Reuben Mwambingu...
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