Author: Kaluka wanjala

Bolt has issued a strong reminder to riders and drivers to refrain from engaging in offline trips. This caution comes as part of Bolt’s ongoing commitment to ensuring the safety of passengers and drivers on its platform. Rides arranged outside the Bolt app pose significant safety risks for both drivers and riders, as they bypass Bolt’s in-app safety measures, including trip tracking, identity verification, and emergency support systems. Hazel May Omune, Safety Manager for Bolt Africa, emphasized the importance of adhering to Bolt’s platform for all rides “At Bolt, safety is our top priority. Offline trips undermine the safety features…

Proparco has announced a USD 5 million investment in the Equator Africa Fund, through the FISEA+ facility. This climate-focused investment fund is committed to supporting early-stage African start-ups with innovative solutions to address climate challenges across sub-Saharan Africa. Equator invests in climate tech ventures that focus on three sectors crucial to Africa’s climate transition: energy, agriculture, and mobility. By supporting innovative solutions to ensure both environmental and economic sustainability, Equator aims to tackle the significant challenges faced by sub-Saharan Africa, which has fast-growing populations and high vulnerability to climate change. As a first fund for the new management and with…

Xiaomi Kenya has today unveiled its global strategy “Human x Car x Home” smart ecosystem at Radisson Blu, Nairobi, in an event titled Xiaomi Universe – Human x Car x Home – Perfectly Synced. This concept seamlessly integrates cutting-edge technology to revolutionize everyday life by uniting personal devices, automotive advancements, and smart home ecosystems—redefining the boundaries of technology integration. Celebrating Xiaomi’s Legacy of Innovation Since its inception in 2010, Xiaomi has consistently pushed boundaries to become one of the world’s leading technology brands. As the third-largest global smartphone brand for 16 consecutive quarters, Xiaomi is poised to transform how humans…

Cassava has announced the close of an equity investment round of $90 million with participation from U.S. International Development Finance Corporation (DFC), Finnish Fund for Industrial Cooperation (Finnfund), and Google LLC. This funding is a key part of Cassava’s plan to strengthen its balance sheet, drive sustainable profitable growth, and cement its position as a global technology company of African heritage. The conclusion of this equity round coincides with the successful reorganization of Cassava’s business to create an integrated digital solutions platform. This platform provides Broadband Connectivity, Co-location (data centres), Cloud, Cybersecurity, Compute (AI), and Payment services across more than…

Equity Group has signed a memorandum of understanding with ODDO BHF of Germany for collaboration that will serve as a bridge for European and Africa businesses to establish across the continental divide.  The agreement was signed by Equity Group Managing Director and CEO Dr James Mwangi and ODDO BHF Head of Corporate Banking Florian Witt during the German-Africa Business Summit held in Nairobi. “We are looking for a strategic partnership that can act as a bridge between Africa and Europe to enable businesses from both continents to work together and expand each other’s opportunities in terms of markets,” said Dr…

Binance has announced the launch of Binance Alpha, a platform within Binance Wallet (previously known as Binance Web3 Wallet) designed to spotlight early-stage projects and help users explore Alpha opportunities. Notably, Binance Alpha serves as a platform for featuring tokens that may be considered for listings on the Binance Exchange in the future. “Binance Alpha serves as a pre-listing token selection pool, designed to enhance transparency in the process of token consideration for Binance Exchange listings,” said Winson Liu, Global Lead of Binance Wallet. “By publicly highlighting a curated selection of early-stage projects, Binance Alpha fosters community trust, offering users…

Cynoia has been named Best SaaS Startup at the prestigious AfricArena Grand Summit 2024 in Cape Town. The summit, celebrating its seventh year as Africa’s premier tech ecosystem accelerator event, brought together over 100 startups from 31 African countries. Manar Labidi, Cynoia’s Chief Financial Officer, accepted the award at the Cape Town International Convention Centre, where the company competed alongside 45 other startups pitching on what AfricArena founder Christophe Viarnaud calls the “stage of Africa’s future.” This recognition at one of Africa’s most significant tech gatherings reinforces Cynoia’s position as a leading innovator in the African SaaS landscape. 2024 has been a…

Cauris Finance has announced the close of a $40 million debt facility with a U.S.-based institutional investor. This facility will enable Cauris to expand its efforts to support socially impactful African fintechs that provide essential credit access to financially underserved small businesses and entrepreneurs, the economic engines of every African economy. Africa is undergoing rapid and transformative demographic shifts. By 2050, the continent’s population is projected to reach 2.5 billion and by 2034, Africa is poised to host the world’s largest working-age population, estimated at nearly 1.2 billion. These shifts present immense opportunities for economic growth, but also significant challenges…

Block, the global technology company with a focus on financial services, has announced the winners of the highly anticipated TBD Hackathon, a competition designed to foster innovation, creativity, and technological advancements in payments across Africa. The grand prize winner, Emmanuel Kufre, built Blink – a decentralized wallet application that acts as a payment processor for freelancers. The event, held in collaboration with the Africa Bitcoin Conference, challenged developers to create novel payment solutions leveraging tbDEX, TBD’s open-source money protocol. “The level of creativity and technical expertise showcased during the TBD Hackathon has been truly inspiring,” said Angie Jones, Global VP of Developer Relations at…

LG has today announced a month-long End-of-Year discounts bonanza that will see customers buy market-leading products at discounted prices. The campaign, which runs until January 2025, has reduced the prices of key household electronics and equipment, including television sets and home entertainment units, kitchen appliances and laundry equipment. The initiative aims to spread the festive cheer while reinforcing LG’s dedication to quality, affordability, and customer satisfaction. “This festive season, we have planned an unbeatable offer that allows everyone to purchase premium LG products at an affordable price. The discounts open the doorway for customers to experience innovation, elegance, and energy…