August 2024 – Page 5 – Hakuna Matata Media

Starlink Introduces Rental Kits to Boost Market Penetration

2 years ago2 years ago03 mins

Starlink is making significant strides in Kenya by introducing a rental option for its satellite internet kits, addressing a major barrier to adoption. This new initiative allows customers to rent the hardware on a monthly basis, with a one-time activation fee of KSh 2,700 and a monthly hardware rental fee of KSh 1,950. This move aims to make Starlink’s services more accessible by reducing the upfront cost, which previously deterred many potential users.

Senegal Successfully Launched Its 1st Satellite

2 years ago2 years ago03 mins

Senegal has achieved a historic milestone with the successful launch of its first satellite, GAINDESAT-1A, from California on Friday evening. This significant event positions Senegal as one of only 12 African nations with its own surveillance and telecommunications satellites in space. The launch marks a pivotal advancement in the country’s space capabilities and technological development.

Prudential, Google Cloud Partner to Enhance Insurance with AI

2 years ago2 years ago03 mins

Prudential plc has announced a groundbreaking partnership with Google Cloud to transform the insurance industry through artificial intelligence. This strategic alliance aims to develop AI-powered products and applications that will revolutionize interactions among customers, agents, and employees. The collaboration marks a significant milestone as it introduces the first AI Lab dedicated to insurance in Asia and Africa.

Bolt, Hakki Africa Partner to Finance 1,500 Vehicles

2 years ago2 years ago03 mins

Bolt has announced a strategic partnership with microfinance company Hakki Africa to offer vehicle financing for its drivers. This collaboration aims to deploy 1,500 vehicles over the next 18 months to drivers on Bolt’s platform who meet specific criteria. The initiative will allow driver partners to benefit from lower loan down payments and performance-based incentives, making vehicle ownership more attainable.

Selar, Global Digital Creators’ Platform, Expands into Kenya

2 years ago2 years ago04 mins

Selar, Africa’s leading marketplace for digital creators, is expanding its footprint into Kenya, recognizing the country as the largest market in East Africa with a vibrant community of creators. The platform offers a robust e-commerce store builder that empowers creators to monetize their digital products, such as courses, e-books, music, art, and more. This expansion aligns with Selar’s mission to drive economic growth by providing Kenyan creators with the tools to effectively showcase and sell their digital content.

Waza Raises $8M to Expand Into Emerging Markets

2 years ago2 years ago03 mins

Waza, a fast-growing fintech company operating in Ghana and Nigeria, has secured $8 million in funding to simplify business payments for African enterprises dealing with global vendors and suppliers. Founded in January 2023, Waza has quickly established itself as a key player in B2B payments and liquidity solutions for emerging markets, successfully closing a multi-million-dollar funding round that includes both debt and equity.

Mastercard, Scale Partner to Accelerate Fintech Deployment

2 years ago2 years ago03 mins

Mastercard has partnered with Scale to accelerate the deployment of fintech solutions across Africa and the Middle East, addressing key technical and commercial barriers. This collaboration is set to benefit a range of ecosystem players, including fintech companies, aggregators, enablers, PSPs, and telcos, by simplifying the process of launching payment programs and providing vital support for sustainable growth.

Jumia Secures $99.6M from Secondary Share Sale

2 years ago2 years ago02 mins

Jumia has successfully closed the sale of 20 million ordinary shares, achieving its funding target of $99.6 million. The transaction, detailed in a recent securities filing, was completed with an average share price of approximately $4.95, slightly above Friday’s trading price. Notably, liquor and wine maker Pernod Ricard acquired 1.27 million shares valued at around $6 million.