Year 1 | Edition 14 | 30 November 2018
 
Digital payments platform BitPesa raises $5m from Sompo Holdings to revolutionize cross-border payments
Kenya’s BitPesa has raised $5m from Japanese insurance group Sompo Holdings in a move expected to revolutionize cross-border payments and insurance services globally. Sompo will use Bitpesa’s technology to extend its presence in the international remittance service market and use it for its insurance services...

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Port It Global closes seed round to drive market expansion in Africa and South America

Mobile phone data-driven financial platform Port It Global Inc has closed a Seed round of funding led by Energy Access Ventures (EAV) to drive market expansion in Africa and South America. Port It Global provides behavioural scoring and pay-over-time services to the unbanked at the point of sale (PoS).

The company has also announced plans to hire more talent while preparing for its Series A round with the support of EAV...

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[Column] Phathizwe Malinga, Internet of Things Artificial Intelligence: The future

A simple gesture. A world built from accessible assets that drive human convenience and interaction. This is the future that’s powered by the Internet of Things (IoT) and artificial intelligence (AI), two of the planet’s hottest topic trends right now for a very good reason.

They work. They are also the fuel driving digital transformation in 2019. These are the technologies revolutionising performance, process and productivity. They are also transforming industry challenges across agriculture, retail, health and the public sector and are set to continue on this path well into 2019...

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[Africa Tech Week] African governments and organisations improving service delivery through digitization of services
Technology is playing a very important role in the delivery of services by African governments and even organisations. It has improved citizens access to information, improved transport efficiency hence reducing frustrations.

Digitization of these services has enabled secure identification and access control. It has facilitated more efficient payments collection in major African cities, hospitals and even schools by streamlining processes. This week, at the 11th East Africa Regional Procurement Forum (EAPF) held in Nairobi, Kenya’s Cabinet Secretary for National Treasury Mr Henry Rotich called on East Africa Community member states to deploy IT-enabled procurement systems to curb corruption. After making good progress on financial inclusion, Senegal this week also turned its attention to digitizing payments in order to speed up its growth and inclusive development...

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News Headlines

NetFoundry and BalanceOn Partner to bring connectivity and cloud solutions to Africa and The Middle East 20-02-2019 | 07:52:52
NetFoundry, the leader of Application-Specific Networking, has partnered with BalanceOn the specialized Managed Services Provider (MSP) to bring networking and cloud solutions in support of businesses in Africa and the Middle East.


Jack Ma’s US$10 Million Africa Netpreneur Prize Initiative applications to open in March 2019 20-02-2019 | 07:16:48
Jack Ma’s US$10 MillionThe Africa Netpreneur Prize Initiative (ANPI) will officially call for applications starting from the 27th of March 2019.


[Column] Kieran Frost: Digital disruption defines change across industry, sector and organisation 20-02-2019 | 04:34:43
Digital disruption requires a foundational shift in an organisation’s very make up. This means that the business needs to find ways of overcoming the challenges and refreshing the status quo.


[Kenya] BRCK acquires Surf to become one of the largest public WiFi networks in Sub-Saharan Africa 20-02-2019 | 04:19:00
Kenyan hardware and connectivity startup BRCK has announced that it has acquired local public WiFi provider Surf and parent company EveryLayer.


Sanofi VivaTech challenge applications extended to February 22nd 20-02-2019 | 04:12:14
Sanofi has announced the extension of the registration period for the call for proposals for this year’s VivaTech, an annual technology conference, dedicated to innovation and startups to February 22nd 2019.


[Kenya] Safaricom launches ‘Shukrani KochoKocho’ campaign to reward its customers 20-02-2019 | 04:04:19
Safaricom has unveiled a new promotion dubbed “ Shukrani Kocho Kocho Kenya Nzima”, to reward more than 5 million Safaricom customers across the country with more than KES 250 million in prizes.


[Column] Nixon Thuo: Kenya’s ISP market ripe for usage-based bandwidth service 19-02-2019 | 09:42:54
It’s is difficult to imagine a world without internet connectivity, let alone a business that is not connected.


[Column] Michael Hailu: Drone technology holds great promise across Africa but right regulations are needed 19-02-2019 | 09:36:00
Like other novel and emerging technologies, appropriate regulation for drones has left governments worldwide on the back foot.


[Column] Mark Elliott: Driving mobile and card acceptance among informal retailers is key to scaling cashless payments in South Africa 19-02-2019 | 09:32:37
Despite the majority, about 77 percent, of adult South Africans owning bank accounts, more than half of the total value of all consumer transactions in the country are still conducted in cash.


Telecom Egypt and Vodafone Egypt reach agreements on transmission, infrastructure services and dividend distribution 19-02-2019 | 07:30:41
Telecom Egypt (TE) and Vodafone Egypt have announced the signing of two ten-year transmission and infrastructure agreements with a total value of EGP 10.85bn.


Azuri and FirstBank partner to bring solar to millions and deepen financial inclusion in Nigeria 18-02-2019 | 08:06:15
Azuri and First Bank of Nigeria Limited have announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions of Nigerians.


Big data Project grows Ugandan smallholder yields, incomes by 70 per cent 18-02-2019 | 07:56:57
Leveraging big data, a CTA-led project has significantly increased crop yields and incomes for thousands of Ugandan smallholder farmers.


[Mauritius] SBM targets high net worth clients with new premium credit card 18-02-2019 | 07:44:39
SBM has launched the World Elite Mastercard credit card, providing its high net worth cardholders with a range of priceless benefits and privileges that can be accessed at home and abroad.


[Kenya] Rose Ogega joins Safaricom Board 15-02-2019 | 13:05:00
The board of telecommunication company Safaricom has announced the appointment of Ms. Rose Ogega to its Board as an independent non-executive director.


Western Union introduces new payment option for Amazon.com shoppers in Kenya 15-02-2019 | 09:12:49
The Western Union Company has unveiled a new payment option that allows Amazon.com customers in Kenya to pay in local currency for their Amazon.com purchases.


 




 
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