Sun King Closes KES 20.1 Billion Securitisation to Expand Off-Grid Solar Access Across Kenya
July 31, 2025
Sun King, the world’s largest off-grid solar energy company, has secured a KES 20.1 billion (USD 156 million) securitisation deal. This is the largest ever in Sub-Saharan Africa outside South Africa. This local currency financing…
HAVAÍC Secures $25M in Second Close of $50M African Innovation Fund
July 31, 2025
South African venture capital firm HAVAÍC has announced the second close of its $50 million African Innovation Fund 3, securing $25 million in fresh commitments. This raise was led by a landmark investment from Sanlam…
Phishing Now Africa’s Leading Cyber Threat, ESET Warns
July 31, 2025
Phishing has overtaken other attack methods to become Africa’s most prevalent cyber threat. It now accounts for 31% of all cyber incidents across the continent. This isl above the global average of 28%. This was…
TransUnion Urges Borrowers to Monitor Credit Health with Nipashe App
July 30, 2025
Kenya’s digital lending landscape is seeing a rise in loan defaults among borrowers. This can be attributed to the current economic environment among other factors. This is rampant among younger and first-time credit users. According…
Visa Launches First African Data Centre in South Africa
July 28, 2025
Visa has opened its first data centre in Africa. The data centre is located in Johannesburg and is part of a 1 billion rand ($57 million) investment in South Africa over the next three years….
PayPal Mobile Money Transfer Service with M-Pesa to be Discontinued from August 16
July 28, 2025
Thunes has announced it will permanently discontinue its PayPal Mobile Money transfer service with M-Pesa on August 16, 2025. This platform has been popular among Kenyans, as it enables easy money transfers between PayPal and…
Truecaller Appoints Saraswati Agarwal as Regional Sales Head in MEA
July 25, 2025
Truecaller has announced the appointment of Saraswati Agarwal as the Regional Sales Head for Ad Solutions for the Middle East and Africa (MEA) region. Saraswati will lead Truecaller’s Ad Solutions efforts in the MEA region….
LOOP Unveils Quick 30-Day Loan to Address Short-Term Cash Flow Needs
July 25, 2025
LOOP has announced the launch of a new 30-day digital loan product. This product is designed to deliver fast, flexible, and transparent access to credit for Kenyans. It adds to LOOP’s growing suite of products,…
Acer Repositions in Kenya with Shift Toward Digital Equity in Education
July 24, 2025
Acer has announced it is choosing purpose over product as it repositions its strategy to support Kenya’s push for universal digital literacy. At a recent partner forum in Nairobi, Grigory Nizovsky, Acer’s Vice President for…