Safaricom M-PESA partners with LakiPay Financial Technologies to enhance digital payment services in Ethiopia to enabling merchants and consumers to access seamless, secure, and efficient digital financial solutions. Through this partnership, Safaricom M-PESA will integrate with LakiPay’s payment gateway, allowing merchants onboarding through LakiPay to accept M-PESA payments. This integration simplifies transactions, expands financial access, and fosters Ethiopia’s gr owing digital economy. “As a company that offers mobile financial services, we are committed to empowering businesses and individuals with secure and convenient digital payment solutions. This partnership with LakiPay strengthens our efforts to drive financial inclusion and digital transformation in…
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Village Capital launched the second iteration of Greentech Africa 2025, an investment-readiness accelerator aimed to advance 10-15 startups with innovative and sustainable solutions, contributing towards building resilience and mitigating the effects of climate change across Africa. Applications close on May 9, 2025. From August through September 2025, the selected entrepreneurs will meet for three online workshops. The curriculum is focused on helping them develop the networks and tools they need to scale their impact and uplift their communities. The call for applications is open to startups based in Egypt, Kenya, Nigeria, Senegal, and South Africa building solutions to accelerate the shift towards…
Mitsumi Distribution, a premier IT, Telco, and value distributor across the Middle East and Africa, is poised to participate in GITEX Africa 2025 and showcase a range of future-oriented, AI-driven technology products. As a successful VAD entity, it strongly advocates for appropriate adoption and implementation of digital transformation across industries. Mitsumi is aiming to accelerate the pace of digital transformation and empower businesses in Africa through this impactful platform. “Today, AI is no longer just a concept; it is shaping the very foundation of business operations. Africa is at the forefront of digital revolution. We are excited to be here…
Bupa Global, a leading international private medical insurance (IPMI) provider, has opened its first office in Africa, based in Nairobi, Kenya. This milestone follows the approval of an insurance license for Bupa Global by the Insurance Regulatory Authority (IRA) of Kenya. Kenya, East Africa’s largest economy, has been identified as a key growth market in Bupa Global’s IPMI strategy. The country has experienced continuous GDP growth in recent years and has a long-term goal to achieve middle-income status by 2030, with the country’s health insurance market projected to nearly double in size, growing from $1.42 billion in 2022 to $2.77 billion during…
You’re running ad campaigns, driving traffic, and testing creatives, but when you check the final numbers, something doesn’t add up. The budget is depleting faster than expected, and the ROI isn’t reaching the desired level. Where is the money going? Let’s say you’ve launched a new offer. Everything looks perfect: creatives are tested, targeting is set, and the funnel is optimized. Traffic is flowing, leads are coming in, but the final profit is lower than expected. Why? You account for expenses like creatives, software, and domains, but one of the biggest cost factors is ad payments. And here’s one of…
CIC Insurance Group has delivered an impressive financial performance for the year ending December 2024, reporting a Profit Before Tax (PBT) of Kshs 3.99 billion, a 57% increase from Kshs 2.54 billion recorded in 2023. This remarkable growth was primarily driven by increased insurance revenue and exceptional investment returns, which surged 201% from Kshs 2.9 billion in 2023 to Kshs 8.8 billion in 2024. Key Highlights of CIC Insurance Group’s 2024 Performance Kenya Subsidiaries Performance General Insurance Business CIC Life Assurance CIC Asset Management Regional Subsidiaries Performance CIC’s regional subsidiaries contributed significantly, accounting for 16% of PBT and 14% of…
Red Hat has announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade internal developer portal based on the Backstage project. The new features, delivered with the general availability of Red Hat Developer Hub 1.5, are designed to accelerate adoption across organisations and deliver a more customised experience to further increase developer productivity and efficiency. Organisations are placing increased importance around delivering better customer experiences through intelligent applications, including AI-enabled applications and edge applications — however, these applications can be complex and time consuming to develop. As organisations prepare their infrastructure and tools for an AI-focused future,…
GardaWorld Security, a global champion and leader in security services, today announced that KK Security Ltd (“KK Security”) is rebranding to GardaWorld Security – Africa in Kenya. Following GardaWorld Security’s acquisition of KK Security in 2016, this rebranding aligns operations in Kenya with GardaWorld Security’s global brand, which has an extensive footprint spanning Africa, as well as North America, Europe and the Middle East. The rebrand comes at a pivotal time for Kenya’s security sector, which has a potential guard force of over 800,000 personnel across the country. With more than 2,500 registered private security firms operating nationwide, GardaWorld is…
Safaricom and Showmax Kenya are set to host the Second Edition of the Safaricom-Showmax Football tournament at Goal-Hub Turf in Kitengela. 32 teams including KBC, Royal Media Team, Cape media FC, Team bloggers and Media Max will be competing for the cash prizes. The inaugural edition of the tournament held at Kahawa Wendani Turf saw Bard City FC emerge as champions. We are partnering with showmax to bring the Football Challenge to our customers in the neighbourhoods. Through these 5-a-side tournaments, we are not just playing football and awarding the winning teams but also engaging with our customers through activities…
Under the theme “AI and Africa’s Demographic Dividend: Reimagining Economic Opportunities for Africa’s Workforce,” the inaugural Global AI Summit on Africa will be held in Kigali, Rwanda from 3 – 4 April 2025. Home to the youngest and fastest-growing workforce, Africa is poised to play a consequential role in shaping the global AI ecosystem. The summit will convene world leaders from governments, businesses, academia, and civil society, to accelerate AI innovation, mobilize investment, and promote strategic policy alignment to bolster Africa’s AI capabilities for competitiveness and inclusive growth. During the two-day convening, participants will have exclusive access to: Discussions will surface insights…