Minka, Colombian Fintech, Launches in East & Southern Africa

Colombian fintech pioneer Minka is embarking on a bold expansion into Eastern and Southern Africa, underscoring its commitment to revolutionizing payments infrastructure across the Global South. Led by CEO Domagoj Rozic, Minka aims to address challenges such as low financial inclusion and outdated payment systems prevalent in the region. Rozic emphasized, “Our mission is to create efficient, interoperable payment solutions that benefit society, building on our success in Latin America.”

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Startups Peleza and Prembly Merge

Kenya’s Peleza and US-based Prembly have merged to form the ‘Prembly Group,’ a new venture poised to revolutionize digital security and verification solutions globally. This strategic merger combines Peleza’s extensive experience in the East African market, serving major players like Uber and FedEx, with Prembly’s robust digital security infrastructure and compliance software tailored for emerging markets.

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Jeff Bezos Plans to Sell $5B Amazon Shares

Jeff Bezos, the visionary founder of Amazon, has announced plans to sell an additional 25 million shares of the technology giant, totaling nearly $5 billion. This decision follows Amazon’s record-high stock market valuation, reflecting a strategic move amidst the company’s soaring performance and growing demand for artificial intelligence (AI) technology in its cloud computing business.

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Noki Noki Secures $3M Seed Funding for Expansion

Exciting news from Noki Noki, the Congolese logistics startup, which has secured US$3 million in seed funding to expand its footprint across Central Africa and bolster operations in the Democratic Republic of Congo (DRC). Founded by Jonathan Yanghat in 2021, Noki Noki specializes in revolutionizing last-mile delivery with services like Noki Food for meal delivery, Noki Drive for grocery shopping, and Noki Pay, an integrated payment interface.

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Huawei Plans to Train 150,000 in Sub-Saharan Africa

Huawei has launched an ambitious initiative to train an additional 150,000 people in Sub-Saharan Africa over the next three years, expanding on its commitment to digital skills development in the region. This announcement builds on Huawei’s initial goal to equip over 100,000 individuals with crucial digital competencies by 2025, a target the company has already surpassed by 120%, achieving over 120,000 trainees within 26 months.

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Safaricom Donates $116,279 to Support Protest Victims

Safaricom, a leading Kenyan telco, has donated $116,279 to assist protest casualties and hospitals, demonstrating its commitment to community support in times of crisis. The donation includes $77,518 allocated to the hospital’s Disaster Response Centre and $38,759 for assistive gadgets for injured victims, aiding those hospitalized. This generous contribution will also provide affected individuals with…

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ITU Focuses on AI, Space Economy at GSR-24

This year’s Global Symposium for Regulators (GSR-24) has kicked off in Kampala, Uganda, with a pioneering focus on regulating for impact in fields such as artificial intelligence (AI), the space sector, and climate change. Hosted by the International Telecommunication Union (ITU), the event has gathered global regulators to exchange knowledge and experiences on advancing impactful regulation.

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