Standard Chartered Bank Kenya in collaboration with Sanlam Investments East Africa Ltd (Sanlam) and Mangosteen BCC Pte Ltd (Bambu) today launched SC Shilingi funds, a low-ticket money markets fund proposition for Standard Chartered Bank clientele. The 100% digital investment product available on the SC Mobile app allows clients to investment amounts of as low as KShs 1000, earn competitive interests and withdraw funds anytime. Keeping in mind our client needs, the investment journey has been made simple, seamless and intuitive: – With as low as 1000 Kenyan Shillings, customers will have access to an investment solution. The product is 100% digital and…
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Brand Spot
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API fintech company Stitch today announced a $21 million Series A funding round, led by The Spruce House Partnership. Stitch will use the funding to continue building the future of money movement by linking bank accounts, wallets and other stores of value, creating what it refers to as the “financial graph.” Its payments and data infrastructure enables players across the fintech ecosystem — which is traditionally fragmented by technical, commercial and political barriers — to transact seamlessly, expand their revenue and growth potential, and significantly reduce conversion time and cost. “We are incredibly fortunate to be supported by some of…
By Mohamed El Nemr What would you imagine your username and password are worth to a hacker? According to Microsoft’s latest threat and data research, the average price for 1,000 stolen username password pairs is around $0.97. What’s more, securing 400 million username and password combinations in bulk will earn a cybercriminal around $150. There can be little doubt, cybercriminals have our passwords in their sights. This is particularly the case in Africa where businesses are often more prone to cyberattacks than companies anywhere else in the world. According to one report, Kenya ranked second in Africa, experiencing 28.3 million…
With a great range of feature phones, smartphones, and accessories HMD Global is no stranger to making Nokia products that are built to last with price points to suit all budgets. Nokia phones, tablets and accessories are made from a durable design and the smartphones feature industry-leading security updates and software upgrades, so you can keep your device for longer! Treat your loved one to the Nokia 5310, Nokia C30, Nokia T20 or the Nokia Noise Cancelling Earbuds – all perfect gifts aimed at showing them how special they are this on this day. Never forget your first love with…
SEACOM has announced it will acquire selected infrastructure assets from Africell in Uganda. The acquisition marks a significant step for SEACOM and is a testament to the company’s commitment to providing, competitive end-to-end connectivity and ICT solutions across the region. “East Africa has been an important market for SEACOM ever since we first arrived on the shores of Mombasa in 2009,” explained Tejpal Bedi, Managing Director and Regional Head of Sales for SEACOM ENEA. “By officially establishing ourselves in Uganda through proprietary facilities and resources, we are prioritising widespread connectivity and opening up opportunities to work with businesses in search of…
The Visa Everywhere Initiative (VEI), a globally open innovation program is inviting fintech and payment startups to showcase their innovative products and solutions, with finalists gaining firsthand exposure to key fintech stakeholders across banking, merchant, VC and government sectors. Winners of the competition will be awarded monetary prizes and stand the opportunity to partner with a globally, trusted brand like Visa. This year’s program includes startups that are using cryptocurrency and Visa Direct- a payment solution that can help businesses move money to billions of endpoints worldwide via card and account rails, in innovative ways. Finalists from across the world that are…
Nokia has appointed Pius Ang’asa as Country Manager for Kenya. He will be the primary interface with local authorities and government and be responsible for establishing and leading the Country Sales Committee (CSC) to foster Nokia’s business in the country across all customer segments. Rajiv Aggarwal, Market Unit Head of Central, East and West Africa (CEWA) at Nokia, said, “Kenya is a key market for Nokia in the region and we are determined to play a key role in the development and transformation of the telecoms industry in the country. We believe that Pius will play a critical role in…
: In alignment with the company’s commitment and dedication to Innovation, Canon CCNA recently announced the next leap forward in full-frame mirrorless cameras – the professional-grade Canon EOS R3. Building on the success of the EOS R camera series, Canon EOS R3 is packed with robustness and performance that can deliver maximum speed, versatility, and reliability for sports, wildlife photographers and reportage. The company has also kick-started its Canon R tour – a series of roadshow events that will give people a chance to get up, close and personal with the revolutionary camera from January until December 2022. The R3…
NBK Capital Partners Mezzanine Fund II has announced that it closed a $10 million financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech, Moove. The innovative asset-backed venture debt marks the sixth investment from the Fund advised by NBK Capital Partners. The growth facility from the Fund will support Moove’s expansion in West Africa initially, executives said. Moove is the first investment in Africa by NBK Capital Partners funds, underscoring the opportunity for a platform like Moove to address the continent’s vehicle financing gap. Founded in 2019 by Ladi Delano and Jide Odunsi, Moove is an…
Kenya-based digital trucking logistics startup Amitruck has secured $4 million in seed funding to expand its operations across Africa. The fundraising was led by Better Tomorrow Ventures (BTV), a San Francisco-based venture capital firm that targets early-stage startups. Also in the round were supply chain and mobility venture capital Dynamo Ventures, an investor to Berlin-based Digital Freight Forwarding unicorn, Sennder GmbH. Other investors included Rackhouse Ventures, founded by Kevin Novak, one of the early members of Uber Freight; Flexport Inc, a digital freight forwarding and customs brokerage company based in San Francisco; Knuru Capital, Launch Africa Ventures, the Uncovered Fund,…