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Meta has launched two innovative monetization features aimed at enhancing the financial prospects for eligible creators in Kenya. This initiative is part of Meta’s broader strategy to support digital creators and foster a sustainable ecosystem for content production across the…
Sabipay, the local arm of Pesapal, has successfully obtained a Payments System Business license from the Bank of Zambia. This milestone is expected to revolutionize the way businesses and consumers engage with electronic payments across the country. With this new…
Kenya has officially approved a $907 million proposal from Adani Energy Solutions, a key subsidiary of the Adani Group. This ambitious project aims to construct new power transmission lines and substations across Eastern and Western Kenya, marking a pivotal step…
Telkom, a prominent South African telecom company, has announced impressive results in its trading update for the quarter ending June 30, 2024. The company reported a remarkable 3.9% increase in revenue, reaching R10.9 billion (approximately $587.2 million), alongside a significant…
Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has announced its decision to enter voluntary liquidation after nearly a year of unsuccessful rescue efforts. The company, known for manufacturing low-priced SUVs designed for the unique challenges of African roads,…
FCCPC Accuses WhatsApp of Exit Threat: The Federal Competition and Consumer Protection Commission (FCCPC) has accused WhatsApp of threatening to exit Nigeria following a hefty $200 million fine imposed on the messaging platform. This fine was levied after an investigation…
South Africa vs. MultiChoice Sports Dominance: South Africa is preparing to take on MultiChoice, the country’s leading pay-TV operator, over its monopoly on live sports broadcasts through its subsidiary SuperSport. The South African sports minister, Gayton McKenzie, has issued a…
Google expands AI wildfire tracking capabilities to Kenya and 16 additional countries. This initiative aims to bolster community preparedness and safety as wildfires become an increasingly pressing concern worldwide. The expansion of the Wildfire Boundary Tracker, an AI-driven tool, is…
Investment experts emphasize that tech is key for Gen Z wealth transfer. This was a central theme at the recent Cordros Summit held in Lagos, where financial leaders gathered to discuss innovative strategies for effectively transferring wealth to the upcoming…
Kenya banks’ assets fell by 2.7% to $58.2 billion in Q1 2024, reflecting a significant contraction in the sector. According to the Central Bank of Kenya (CBK), this decline is primarily attributed to an 18.5% drop in foreign currency loans,…
