GITEX AFRICA Morocco 2024 is set to showcase Africa’s emergence as a global force in digital transformation and Artificial Intelligence (AI). From May 29-31, 2024 in Marrakech, this tech and start-ups summit will bring together leaders, experts, governments, enterprises, and investors from 130 countries.
Airtel Malawi has taken a significant step in combating mobile money fraud by removing the One Time Password (OTP) from its My Airtel App and implementing new security measures. This move aims to protect users from fraudulent activities and enhance the overall security of their mobile money transactions.
TowerCo of Africa Tanzania (TOA Tanzania) has announced a significant $30 million financing arrangement with British International Investment (BII), the UK’s development finance institution. This funding will enable TOA Tanzania to establish around 200 new telecom sites across the mainland and Zanzibar, reinforcing the company’s mission to bridge the digital divide.
Kenyans can now enjoy shopping on credit at Naivas supermarkets, thanks to an innovative partnership with Visa. This new initiative aims to provide more payment solutions and ease the financial strain on consumers, especially in the face of shrinking disposable incomes.
The Treasury has proposed a significant Sh5.2 billion allocation to Konza Technopolis for the establishment of a state-of-the-art data centre and other crucial facilities in the upcoming fiscal year, marking a substantial increase from the current budget.
Stanbic Bank has upgraded its core banking system to the latest version of Temenos 24, enhancing service delivery and efficiency for its customers.
Coca-Cola has announced plans to significantly increase its investment in Kenya by up to Sh23 billion ($175 million) over the next five years, contingent upon meeting expected growth targets in the nation.
NCBA Group has reported a robust start to the year with a profit after tax of Sh5.3 billion in the first quarter of 2024, marking a significant increase from Sh5.1 billion in the same period last year. The growth was driven by improved operating income and a nearly 40 percent drop in credit loss provisions.
