Month: March 2023

Government receives $379 million from Team Europe to finance electric bus line in Nairobi

March 31, 2023 Staff Writer 0

The BRT line 3 project is a key deliverable of the Mombasa-Kisangani strategic corridors, which is a priority in the Global Gateway Africa-Europe Investment Package. The line will be the first dedicated electric bus rapid lane in East Africa and is part of a system of five rapid bus lines to be developed in the Kenyan capital. The BRT Line is fully designed by European expertise and funded by a consortium of Team Europe partners and has a strong focus on the highest social and environmental standards. The BRT Line 3 is expected to be operational in 2030. [c]

Fez Delivery, a Techstars-backed logistics startup, announces $1 million in new funding

March 30, 2023 Staff Writer 0

The three-year-old startup makes money by charging individuals per delivery, and businesses a monthly subscription. In 2022, the logistics startup completed 200,000 trips and grew revenue by 20% month-on-month. Its clients include the likes of Flutterwave, Kuda Bank, Moniepoint, OPay, Famasi Africa, and Red Bull. [c]

Why you need to back up your business

March 30, 2023 Staff Writer 0

By Brian Mallari Worrying about losing data isn’t something you have to lose sleep over if you have an active data backup strategy. March 31st is World Backup Day and there’s no better time to [c]

Finverity raises $5 million equity funding to hire more staff and expand to Kenya, Dubai, and Poland

March 30, 2023 Staff Writer 0

The funding raised in this round will be used to immediately increase the headcount from the current 40 to 60 employees, to meet rapidly increasing demand for Finverity’s solutions and complete office openings in Dubai, Poland and Kenya. Furthermore, Finverity’s technology is expanding to cover almost the entire range of funded trade finance and working capital products. [c]

Nokia G60 5G, built mainly from recycled materials, now available in Kenya from Kshs 53,000

March 30, 2023 Staff Writer 0

Nokia G60 5G has environmentally conscious design with robust recycled materials, solid performance, smoother display, and the latest in AI imaging. Premium ‘3-3-3’ support for first time in G-series – three OS upgrades, three years of monthly security updates and a free 3-year warranty for extra peace of mind. Nokia G60 5G’s signature build quality ensured by advanced durability tests. [c]

Huawei rallies for cultures and structures that build digital trust in Kenya

March 30, 2023 Staff Writer 0

Huawei Kenya has announced its support for the drive towards development of a culture and structures that build digital trust in Kenya. Speaking during the commencement of the ISACA Kenya chapter annual conference in Mombasa, [c]

Kaspersky shares 3 things to keep in mind to keep data safe during this World Backup Day

March 30, 2023 Staff Writer 0

According to a recent survey by Kaspersky, 48% of businesses in South Africa reported problems with data protection: they experienced loss or exposure of corporate or customer data. World Backup Day, recognised on 31 March, puts the importance of backing [c]

Antony Wachira succeeds Herbert Ocholi as CEO of OLEA Kenya Insurance Solutions

March 30, 2023 Staff Writer 0

Anthony Wachira replaces the outgoing founder and CEO of OLEA Kenya Insurance Solutions. [c]

Johannesburg, South Africa, hosts inaugural ETF Conference in Africa

March 30, 2023 Staff Writer 0

Africa has finally witnessed the first Exchange Traded Funds (ETFs) Conference. Held in Johannesburg, South Africa, the Africa ETF Investment Conference 2023, was convened by MNCapital Group under the theme Exploring ETFs as a viable [c]

Study reveals basic cybersecurity terms not understood by top managers

March 29, 2023 Staff Writer 0

Many business executives prefer not to admit a lack of understanding when discussing cybersecurity issues. A recent Kaspersky study also revealed that up to a third of top managers in South Africa are unfamiliar with [c]

Carrefour customers can now shop and complete purchases via self-checkout counters without cashiers

March 29, 2023 Staff Writer 0

Carrefour’s self-checkout service allows customers to shop and complete purchases without the assistance of cashiers. The quick and convenient service accepts cashless payments. The self-checkout service will be piloted at Carrefour’s Westgate Shopping Mall store before large scale rollout. [c]

LG unveils advanced 2023 home entertainment solutions to boost user experience

March 29, 2023 Staff Writer 0

While being technologically advanced, the electronics deliver aesthetics adding style and function to the user’s living rooms and giving them a tailored look. The product line-up was revealed during the flagship LG Showcase MEA 2023 event. [c]

Inaugural Zambia Institutional Investors Forum 2023 set for Lusaka in April

March 29, 2023 Staff Writer 0

Lusaka is set to host the inaugural Zambia Institutional Investors Forum 2023 in April. Under the theme; Harnessing Alternative Investment to Economic Recovery the Forum is scheduled for April 26th and 27th. The two-day conference [c]

Democratizing healthcare access in Kenya through mobile technology

March 29, 2023 Staff Writer 0

By Moses G Kuria Taking care of your health and that of your loved ones can be quite expensive. With the current economic status in Kenya, out-of-pocket spending on healthcare can be a huge financial [c]

Huawei rolls out new initiative to facilitate digital banking

March 29, 2023 Staff Writer 0

Huawei has announced its ‘Non-Stop Banking’ initiative at the Intelligent Finance Summit for Africa 2023, to ramp up collaboration between the ICT and banking industries and facilitate a digital future characterized by ‘non-stop’ services, development [c]

Payday to use $3 million funding to acquire more talent and secure operational licenses in UK and Canada

March 29, 2023 Staff Writer 1

Payday, the pan-African neobank issuing global (US$, Euro, and British Pound) accounts to Africans, has announced a $3 million seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive [c]