Author: Kaluka wanjala

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…

Supermicro has appointed Exclusive Networks Africa as a distributor for the African region. This partnership is aimed at expanding Supermicro’s footprint across the continent, leveraging Exclusive Networks Africa’s extensive regional presence to meet growing market demands. Africa represents a significant growth opportunity for Supermicro, according to Wynand Möller, Regional Manager – Sub-Saharan Africa at Supermicro. “The African market is marked by its rapid adoption of cutting-edge technology, largely due to a reduced dependence on legacy infrastructure. Exclusive Networks Africa’s strong presence across East and West Africa, the Southern African Development Community (SADC) and the Indian Ocean Islands makes it an…

Circle Internet Group and Binance have joined forces in a new strategic partnership announced at Abu Dhabi Finance Week that will expand adoption of USDC and support the development of the global digital assets and broader financial services ecosystem. With the growth and worldwide adoption of USDC as one of the most powerful utilities for money on the internet, this collaboration brings together a trusted and compliant digital dollar with the largest platform in the world for using digital assets.  Through the partnership, Binance will make USDC more extensively available across their full suite of products and services, ensuring that…

A few weeks back, we informed you about Safaricom’s new Money Market Fund (MMF), Ziidi. At that time, the fund had just been approved by the Capital Markets Authority (CMA). The regulator said Ziidi Money Market Fund has been approved as a Collective Investment Scheme (CIS). When the announcement was made, you could not sign up to use the service and there was no information of when the service would be available. The existence of Mali, another MMF from Safaricom further complicated things and since Safaricom didn’t officially say anything about it, we just weren’t sure about the way forward.…

Qualcomm has announced the completion of the second year of its Make in Africa Startup Mentorship Program, culminating in the Make in Africa Finale 2024. This platform continues to showcase the energy and innovation emerging from the African technology scene, demonstrating Qualcomm’s commitment to supporting startups as part of the broader Qualcomm Africa Innovation Platform. Now in its second year, this program has successfully guided early-stage technology startups by providing mentorship, business coaching, engineering consultation, and IP protection advice. This year’s Make in Africa finalists, from six African nations, are tackling real-world challenges across healthcare, agriculture, cutting-edge AI and industrial…