Westcon-Comstor Named Value Added Distributor of the Year at Intelligent ICT Awards Africa 2025
May 15, 2025
Westcon-Comstor Southern Africa has been named Value Added Distributor of the Year at the Intelligent ICT Awards Africa 2025, held in Johannesburg on May 8. In a market where distribution often means moving boxes, Westcon-Comstor…
Safaricom and Quickmart Partner to Take 4G and 5G Home Internet Closer to Kenyans
May 15, 2025
Safaricom has partnered with Quickmart to take its 4G and 5G home internet solutions closer to its customers. Kenyans can now purchase Safaricom’s routers easily through Quickmart’s 61 retail outlets nationwide. The move comes as…
European DFIs Commit $80M to BluePeak’s Second Africa-Focused Private Credit Fund
May 14, 2025
Four European Development Finance Institutions (EDFIs), British International Investment (BII), FMO, Swedfund, and Swiss Investment Fund for Emerging Markets (SIFEM) have jointly committed $80 million to BluePeak Private Capital Fund II (BPCF II), a pan-African…
BURN Secures $5 Million EU-Backed Investment
May 14, 2025
BURN Manufacturing has received a $5 million investment from EDFI Management Company through the EU-funded Electrification Financing Initiative (ElectriFI). This funding will help over 100,000 Kenyan households shift from costly, polluting fuels like charcoal and…
Absa Bank Launches Custody Services in Kenya
May 14, 2025
Absa Bank Kenya has officially stepped into the custody services space. This move shows the bank’s ambition to become a key player in facilitating secure, compliant and tech-enabled investment solutions for institutional clients across Kenya…
Binance Launches Fund Accounts, the First Crypto Exchange Solution Enabling Fund Managers to Pool Investor Assets
May 14, 2025
Binance has announced the introduction of Fund Accounts, the first technological solution offered by a digital-asset exchange, specifically designed for fund managers, that enables pooling of their investors’ assets based on trading strategies. Powered by…
Verto Wins $1 Million FinTech Prize for Enabling Cross-Border Payments in Africa
May 14, 2025
UK-based FinTech startup Verto has won the $1 million Grand Prize in the Milken-Motsepe Prize in FinTech. The company emerged as a standout player in a competition that attracted over 400 global applications. The prize…
Bolt Adds Flight Tracking to Scheduled Rides For Easier Airport Pickups
May 14, 2025
Bolt has announced the rollout of a Flight Tracking feature that syncs with your flight details when scheduling a ride from the airport. Witn this feature, delays, cancellations or early arrivals don’t leave you stranded…
Safaricom and iXAfrica Partner to Launch East Africa’s First AI-Ready Data Center Services
May 13, 2025
Safaricom has announced a strategic partnership with iXAfrica Data Centre to deliver East Africa’s first AI-ready data center services. The partnership brings together Safaricom’s enterprise and cloud expertise with iXAfrica’s purpose-built, hyperscale-ready data infrastructure to…