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In the heart of Africa, where innovation meets opportunity, a digital revolution is quietly gaining momentum. The continent, often overlooked in global tech conversations, is on the brink of a
Juliana Rotich, the Head of Fintech Solution (M-Pesa) at Safaricom, has joined the Board of the Bill & Melinda Gates Foundation. The Bill & Melinda Gates Foundation is one of
In one of his recent VT Podcast episodes, “Best Opportunities Win,” Vusi Thembekwayo answered one of his ardent followers’ questions on what type of business he should get into. (For context, the
The ongoing efforts to democratize trading in government securities are a welcome move. It is something I have always called for. The elitism that surrounded the trading in these assets
This growth is expected to continue in the coming months following the Central Bank of Kenya’s (CBK) approval of higher transaction limits. The CBK data shows that the number of
Annual inflation in Egypt hit 39.7 percent in August, official figures showed Sunday, an all-time high for the country as it grapples with a punishing economic crisis. It comes immediately
Ahhh. It’s a lovely day, and you’re seated out in your backyard enjoying the warm sun while going about your financial errands, all on your handy, dandy mobile phone. A
In Case You Missed It (ICYMI), here is the latest funding news.
Cloud computing has been around for over two decades, but it is only in recent years that it has become a mainstream technology due to several factors, including the increasing
In Kenya, a nation known for its diversity, fostering financial inclusivity has been a paramount goal. The government’s efforts to provide affordable credit have given rise to several lending agencies,
In the latest treasury bond issue, investors asked for over 18% interest rate, forcing the government to reject most bids. The rising interest rates have reignited the clamor to control
Blockchain is a type of database that stores information in blocks. Each block contains a set of data, such as a transaction and a cryptographic hash of the previous block.
In recent years, finance, law, and artificial intelligence (AI) have begun to intersect in unprecedented ways. Among the most striking applications is the use of AI by law firms to
Africa, often described as the last frontier for global investment, is witnessing a burgeoning startup ecosystem. The continent’s vast resources, coupled with its youthful, tech-savvy population, present unparalleled opportunities for
Financial technology, or fintech, is the use of technology to improve and automate financial services. In recent years, fintech has emerged as a powerful force for financial inclusion and good
As the financial sector continually evolves, ensuring continued relevance for customers becomes paramount for banking institutions. It necessitates a shift in role, transforming from mere financial intermediaries to advisors, providing
In these challenging financial periods, individuals often find themselves reflecting on prior financial errors. It’s common to dwell on the careless expenditure of the past, under the illusion that prosperity
In tough economic times like these, people often regret their past money mistakes. People remember how they squandered money in the past, thinking the good times would last forever or
Download the DhowCSD Mobile App or visit the DhowCSD online portal at: http://dhowcsd.centralbank.go.ke For Android users: https://play.google.com/store/apps/details?id=csd.investor.portal.dhow For iOS users:https://apps.apple.com/ke/app/dhowcsd/id6444705699 -New User: Click “Create Account” -Existing User: Select “Already have
When you thought the tax landscape couldn’t get any more interesting, the Finance Act 2023 arrives with an unexpected twist. The new clause in Kenya’s Finance Bill 2023 is a
You might be here because you spotted ‘Fintech’ and thought, “Ah, I’ve seen this before.” At the same time, you might be thinking of looking up the fancy word on
Worldcoin, a groundbreaking blockchain project co-founded by OpenAI CEO Sam Altman, recently made its debut. The initiative has garnered a polarized response, with some lauding its ambitious nature while others
The Central Bank (Amendment) Bill 2023 proposes setting up a Shariah Advisory Council with the same mandate as the MPC, which is seen mainly as tailored for conventional banking. Islamic
FinTech is more pervasive than ever nowadays. It has become an essential aspect of our lives with the introduction of Mpesa, electronic payments, mobile wallets, and others. Technology advancements have
[ Nairobi, 21 July 2023 ] – Five35 Ventures, an early-stage venture capital firm investing in female-focused startups across multiple sectors that tackle meaningful challenges across the continent, has announced its
One of the largest streaming service providers worldwide, Netflix relies on an intricate and robust tech stack to deliver an unparalleled experience to its millions of global users. This tech
Savings and Credit Cooperative Societies (SACCOs) have long been integral to Kenya’s financial landscape. These member-owned cooperatives play a vital role in fostering financial inclusion, promoting a culture of saving,
TerraPay, a leading global payments infrastructure company today announced its partnership with Safaricom, Kenya’s leading telecommunications, IT, and financial services provider. Together, both companies will usher in the benefits of
With its sights set on leading the language model race, Meta has launched ‘Llama 2’, a comprehensive set of large language models designed to surpass the performance of OpenAI’s dominant
The world of Bitcoin and cryptocurrency is stirring up deep discussions and diverse opinions within the Muslim community, a compelling development observed by scholars, religious leaders, and followers alike. Zimbabwean
On June 27, 1967, Barclays Bank transformed the face of banking by introducing the world’s first Automated Teller Machine (ATM). Nestled in the quiet town of Enfield, London, this innovation
SAN FRANCISCO, July 13, 2023 /PRNewswire/ — Flutterwave, Africa’s leading payments technology company, has joined the International Air Transport Association’s (IATA) payment orchestration platform to facilitate travel to sub-Saharan Africa. With this integration, airlines
Google Workspace has collaborated with Stripe, a leading financial infrastructure platform for businesses to make life easier for small businesses. This joint effort will allow businesses to accept payments for services
About the Challenge The Ecobank Fintech Challenge identifies and partners Fintechs that are ready to scale and provides them with support and access to opportunities in Ecobank’s 35 African markets.
Increasing the frequency of inter-governmental engagements through harmonised policies and regional regulations will drive penetration and access to remittances I recently joined stakeholders from around the world at the UN-led
A money market fund (MMF) is a type of mutual or unit fund that invests in short-term, low-risk debt securities. These funds are designed to give investors a relatively stable
M-PESA, the World’s first mobile money transfer system and Africa’s largest Fintech, stands at the forefront of the mobile payment revolution. With a user base of over 30 million monthly
Across the African continent, fintech represents a beacon of opportunity, shining the path toward increased financial inclusivity and economic empowerment. However, the path is not without its obstacles. Navigating these
Ant Group, a Chinese fintech giant, is anticipated to receive a fine of a minimum of 8 billion yuan ($1.1 billion) from Chinese regulators, possibly as early as Friday. This
In a declining economy, startups face an uphill battle when it comes to securing funding. Despite financial hardships, with resourcefulness, innovation and strategic planning, entrepreneurs can explore various avenues to obtain
Let’s break it down: Apple’s stock is on fire this year, with shares jumping by nearly half their value. This has pushed the company’s total worth over $3 trillion. Because
Picture this: a world where your lightbulb, refrigerator, and even your car are connected to the internet, streaming information and responding to commands from the comfort of your smartphone. It
The issue of duplication of telecommunications infrastructure remains a matter of concern. When I was calling for infrastructure sharing among telcos some people were of the opinion that Safaricom cannot
While Safaricom’s new ‘Lipa na Data’ feature offers an innovative alternative to traditional payment methods, there are several critical concerns from a business analysis perspective that may affect the validity
Nairobi, 22 June 2023 – Absa Bank Kenya has partnered with Visa, a global leader in digital payments, to introduce the Absa Mobi Tap solution, a market-first payment solution that
Communities, countries and regions adopt trade and exchange, to access goods and services, forge strong ties and partnerships and harness value-addition. Trade contributes to the establishment and growth of various
With a focus on creating an enabling environment for informal businesses, MSMEs and disadvantaged groups, one of Budget 2023/24’s focus is the creation of a sustainable legal and institutional environment.
Visa Announces Launch of Africa Fintech Accelerator Program 06/14/2023 New Visa initiative to support Africa’s Fintech start-ups and entrepreneurs, providing training, connections, technology, and investment opportunities for up to 40
Financial technology, or Fintech, has emerged as a rapidly growing industry in Sub-saharan Africa, driven by a unique combination of mobile adoption, technological innovations, and investor interests. Kenya, in particular,
MPs have greenlit Dr. Kamau Thugge as the new Central Bank of Kenya (CBK) Governor. As the successor to Patrick Njoroge, Thugge steps into his 10th Governor’s shoes amidst brewing storms of
Digital transformation, one of the enablers for inclusive and effective multilateralism for a sustainable urban, has seen Kenya trailblaze and lead other Africa Countries during this year’s second session of
Making More Health (MMH), in collaboration with Boehringer Ingelheim and Villgro Africa, has sounded the call for African businesses to innovate in the arena of kidney failure solutions. This is
It’s important to note that these rankings could look very different if app traffic were included; however, these insights provide a fascinating snapshot of the current web landscape, highlighting the
The $66 Billion Financing Challenge in Africa’s Healthcare Supply Chain According to a recent report by Brookings, Africa’s healthcare value chain is projected to hit a high of $259 billion
Hela.Money, a leading Web3 financial technology (fintech) company, is pleased to announce its acceptance into the highly prestigious AWS Africa Fintech Accelerator program. This partnership marks a significant milestone for
No Kenyan wants to entertain the thought of the unavailability of Mpesa for a week! Indeed no business too. Unplanned M-pesa downtimes in the past have created inconvenience, business losses,
Digital Wallets are secure electronic storage for payment information, accessible via web browsers and applications. They can be linked to diverse traditional payment methods, including debit, credit, and gift cards, etc.
The Nairobi International Financial Centre (NIFC) presents an unparalleled platform for domestic and international investors in an age where business and investment opportunities are limitless and diverse. Situated in the
Interview with hela.money Co-Founder and CTO, Kebaya Mwamba Hela Money: We Want to Be the MPESA Of Blockchain In July 2022, Nairobi became an International Financial Centre. The centre that had been long
Fingo, a Kenyan fintech startup founded by Kiiru Muhoya, James da Costa, Ian Njuguna, and Gitari Tirima in 2021, is revolutionizing how African youth access financial services. The startup, backed
The financial crisis of 2008 brought to light many of the risks and uncertainties inherent in the world of finance. As the fintech industry continues to grow and innovate, founders
As the world becomes increasingly digital, so does our access to healthcare. DMMC is one such platform that is revolutionizing how Kenyans shop for medication. The Kenyan-owned online Pharmacy and Diabetes
Incubators and accelerators are regarded as fintech enablers. Do you know the difference? + Africa’s Top 21 Startup Accelerators You Should Know
The fintech industry has been experiencing rapid growth over the past few years. Traditional financial institutions have realized fintech start-ups’ potential in transforming the industry. However, integrating these start-ups into
In Africa, there are now more mobile money accounts than bank accounts in 16 African markets. FinTech solutions in developing countries are making existing services more convenient, creating new infrastructure, and increasing financial inclusion for millions of people in the real economy.
The Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist, and protect the interests of small business concerns. One
At its core, fintech is all about using technology to provide financial services in new and innovative ways. It can be considered as the underlying technology, an industry consisting of fintech companies, or a whole new way of providing financial services.
Spotlighting fintech solutions designed for people with disabilities or those marginalized in traditional finance. A 2022 analysis of the Mastercard study dubbed ‘Bridging the Disability Gap: An Opportunity to Make
Nature data specialist Space Intelligence will map two African nations to support integrity and transparency in the carbon markets. The maps for Kenya and Tanzania will help to provide a
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