BURN Secures $5 Million EU-Backed Investment
May 14, 2025
BURN Manufacturing has received a $5 million investment from EDFI Management Company through the EU-funded Electrification Financing Initiative (ElectriFI). This funding will help over 100,000 Kenyan households shift from costly, polluting fuels like charcoal and…
Absa Bank Launches Custody Services in Kenya
May 14, 2025
Absa Bank Kenya has officially stepped into the custody services space. This move shows the bank’s ambition to become a key player in facilitating secure, compliant and tech-enabled investment solutions for institutional clients across Kenya…
Verto Wins $1 Million FinTech Prize for Enabling Cross-Border Payments in Africa
May 14, 2025
UK-based FinTech startup Verto has won the $1 million Grand Prize in the Milken-Motsepe Prize in FinTech. The company emerged as a standout player in a competition that attracted over 400 global applications. The prize…
Bolt Adds Flight Tracking to Scheduled Rides For Easier Airport Pickups
May 14, 2025
Bolt has announced the rollout of a Flight Tracking feature that syncs with your flight details when scheduling a ride from the airport. Witn this feature, delays, cancellations or early arrivals don’t leave you stranded…
Safaricom and iXAfrica Partner to Launch East Africa’s First AI-Ready Data Center Services
May 13, 2025
Safaricom has announced a strategic partnership with iXAfrica Data Centre to deliver East Africa’s first AI-ready data center services. The partnership brings together Safaricom’s enterprise and cloud expertise with iXAfrica’s purpose-built, hyperscale-ready data infrastructure to…
Cassava and Zindi Partner to Support Scalable, African-Led AI Solutions
May 13, 2025
Cassava Technologies and Zindi have just announced a new partnership that could reshape how artificial intelligence (AI) is built and scaled across the continent. The collaboration was formalized through a Memorandum of Understanding (MoU) and…
Visa Appoints Victor Makere as New Country Manager for Tanzania, Uganda, Burundi and Rwanda
May 12, 2025
Visa has appointed Victor Makere as Country Manager for Tanzania, Uganda, Burundi, and Rwanda. Victor will be at the helm of Visa’s strategic efforts across these key East African markets in his new role. He…
Kenya’s Postal Corporation Eyes Digital Future with New Transformation Plan
May 9, 2025
The Postal Corporation of Kenya (PCK) is set for a major transformation by the government. The government wants to reposition the state agency to help it keep up with the digital age. With the rise…
Jumia Posts $18.7M Operating Loss in Q1 2025
May 9, 2025
Jumia Technologies has updated its 2025 outlook, expressing confidence in its path to profitability. This was revealed even as headline revenues fell in Q1 2025. The e-commerce company posted mixed results for the quarter ending…