Author: Kaluka wanjala

NTT DATA has appointed Vinesh Maharaj as the Director of Smart Manufacturing and Industry for the Middle East and Africa (MEA). This is a strategic appointment by the company to expand its footprint in Africa’s evolving digital economy. “Africa is entering a new industrial era, and we want to be part of that story,” said Maurizio De Matteis, CEO of NTT DATA Middle East and Africa. “By investing in sector-specific leadership, we’re making sure we understand the local context while bringing in global best practices.” Deep Experience in AI and Industrial Tech Maharaj brings more than 30 years of experience…

Luno has become the first operational platform in Nigeria to offer crypto staking. Users can now earn up to 18% annually by simply holding selected cryptocurrencies in the Luno app. They can earn this without actively trading. The staking feature initially supports Cosmos (ATOM), Solana (SOL), Polkadot (DOT), and NEAR Protocol (NEAR). All these are proof-of-stake tokens. If you have a startup you want featured on TechArena, let us know through this contact form here. What sets this apart is the flexibility it offers users as they can stake any amount. They can also withdraw at any time, and are not…

Absa and Visa have partnered to accelerate access to secure and inclusive digital payment infrastructure in Africa. Through this partnership, both institutions will be able to scale solutions for small businesses, digital innovation, and financial inclusion. Absa has previously introduced a number of Visa-powered products in the continent, including Visa Direct (for card-to-card payments) and metal premium cards under Visa Signature and Infinite. In markets like Mauritius, the launch of Absa Pay issuer wallets marked the beginning of contactless and mobile-first banking experiences. “We’re investing in local-first solutions that reflect the realities of African consumers and entrepreneurs,” said Saviour Chibiya,…

A viral tweet recently brought attention to a reality for millions of Kenyans. Withdrawing just Ksh 200 from M-Pesa, the country’s dominant mobile money platform, can attract a charge of Ksh 29. That’s roughly 14.5% of the transaction amount and that’s before factoring in the fees the sender may have paid. In a country where mobile money is practically a utility, this raises several questions: Are the transaction fees justifiable? Who is most affected? And is the mobile money sector in Kenya truly competitive? What the Numbers Say According to Safaricom’s latest tariff guide for 2025, withdrawing Ksh 200 at…

According to the latest Global Findex Database 2024 by the World Bank, 49% of young Kenyan adults now rely exclusively on mobile money accounts, compared to just 41% who use traditional banks. On the other hand, 48% of older adults are banking formally and 42% using only mobile accounts. This 7-point generational gap reveals a deeper shift in how young Kenyans interact with financial services. “In Kenya, the region’s pioneer in mobile money, 32 percent of adults or 86 percent of formal borrowers—borrowed from their mobile money providers,” the report notes. Why Mobile Money is Winning The appeal is very…

Bolt Kenya has introduced a new “Family Profile” feature that makes it easier for users to manage and pay for rides for up to nine people from a single account. The company said it designed this feature with Kenyan households, caregivers, and support systems in mind. It is also meant to simplify shared mobility while at the same time guaranteeing safety and control. What Is Bolt Family Profile? The Family Profile allows the main user to invite up to nine other people, set spending limits, and receive real-time trip notifications. All this is done while handling payments from one account.…

Standard Chartered has released its 2024 Sustainability Progress Report released this week. The report shows how the bank is embedded in Kenya’s socio-economic transformation, from slashing carbon emissions to unlocking new investment avenues for women and youth. The bank’s sustainable finance income grew by 132% to KES 2.99 billion, while sustainable finance assets soared more than tenfold to KES 31.3 billion. “Sustainability is not an add-on, it is central to how we create value for our clients and communities,” said Kariuki Ngari, Managing Director and CEO, Kenya and Africa, Standard Chartered. “We are proud to integrate sustainability into our core…

Visa has partnered with the Nairobi Securities Exchange Plc (NSE) to unveil a report aimed at reshaping Kenya’s retail investment landscape.  The report, “Reimagining Retail Investors in Kenya: A technology-Centered Blueprint”, outlines a bold, inclusive strategy to expand access to capital markets and empower everyday Kenyans to become active investors. The report identifies key market related dynamics including onboarding, trading costs, and financial literacy and proposes actionable solutions rooted in behavioral science, mobile-first innovation, and community-based models. “This report marks a turning point in how we think about financial inclusion,” said Chad Pollock, Vice President and General Manager for Visa…

Liquid Intelligent Technologies has announced a strategic partnership with DropByDrop Water Systems (DropByDrop), a global provider of smart water technologies. This collaboration, which combines Liquid’s extensive network and tailored technology solutions with DropByDrop’s cloud-based water management platform, will deliver smart water solutions to resolve non-revenue water challenges in the country.  “Water scarcity is a growing challenge across the continent, and managing this precious resource efficiently is more important than ever. Through our partnership with DropByDrop, we’re bringing Liquid’s advanced technology and data-driven solutions to Kenya’s water sector. By helping providers digitise their infrastructure and build smart water ecosystems, we’re empowering…

OPPO has announced that it will launch the new Reno14 Series in Kenya on 24th July. This is the successor to the Reno 13 series from late last year. It combines sleek design and improved durability. This combination makes it a stylish yet tough companion for everyday use. The Reno14 Series brings together elegance and strength in one package. It introduces a shimmering finish using a new 12-layer coating process, resulting in a beautiful and eye-catching look. OPPO calls it the Iridescent Mermaid Design, and it will be available in Luminous Green and Opal Blue. The Reno14 F 5G is…