January 14, 2025

Hakuna Matata Media

Month: October 2024

Burn Raises $15M to Expand Electric Cooking in East Africa

04 mins

BURN, a leading manufacturer of clean cooking stoves, has secured a significant investment of US$15 million from the European Investment Bank (EIB). This announcement was made during the World Bank/IMF Annual Meetings held in Washington, D.C. The funding will play a crucial role in accelerating BURN’s mission to manufacture and distribute its innovative IoT-enabled ECOA electric cooking appliances, aiming to reach over 1 million households in East Africa.

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Samsung Galaxy S24 FE Launches in Kenya

04 mins

Samsung has officially launched the Galaxy S24 FE, updating its flagship S24 lineup in the country. This new addition brings several enhancements compared to the previous S23 FE model, particularly in terms of display and chipset. Positioned closely to the S24 Plus, the S24 FE retains a premium feel while offering features that cater to both everyday users and tech enthusiasts alike.

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Orpower 22 Geothermal Plant in Nakuru to Cost Sh11.58B

03 mins

Kenya’s commitment to achieving universal access to green energy has received a significant boost with the groundbreaking ceremony for the 35-megawatt (MW) Orpower 22 Geothermal Power Plant in Nakuru County. This project, valued at approximately $90 million and expected to be completed within 17 months, aims to enhance Kenya’s green energy transition, promote climate resilience, and stimulate economic growth. The ceremony was presided over by Kenyan President William Ruto, underscoring the importance of this initiative in the country’s energy landscape.

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Morocco’s Colis.ma Raises $300K to Expand Across Africa

04 mins

Colis.ma, a Moroccan cross-border logistics startup, has successfully secured $300,000 in pre-seed funding from Witamax, a private-backed venture capital firm. This financial backing will empower Colis.ma to solidify its presence across Morocco’s five largest regions and expand its operations into six European countries, with plans to further penetrate the West African market. The startup is also eyeing a subsequent fundraising round slated for early 2026, aimed at capturing additional market share within the logistics sector.

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Nutanix Hosts Cloud Day, Advancing Africa’s Digital Future

04 mins

Nutanix recently hosted its inaugural Cloud Day in Lagos, Nigeria, marking a significant milestone in its strategy for continental expansion. This event underscores the company’s commitment to driving digital transformation across West, East, and Central Africa. By bringing together business leaders, partners, and customers, Nutanix facilitated crucial discussions on the future of multi-cloud infrastructure and enterprise Artificial Intelligence (AI) in the region.

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Thunes Launches QR Code Solution for Foreign Travelers’ Payments

04 mins

Thunes, a leader in cross-border payment infrastructure, has launched an innovative QR Code Payments solution specifically designed to facilitate seamless transactions for foreign travelers in China. This new service enables users of various foreign mobile wallets and financial apps to make payments by simply scanning QR codes presented by local merchants. By bridging the gap between international payment systems and local Chinese payment methods, Thunes is enhancing the payment experience for travelers.

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Tuum, Google Cloud Partner to Enhance Digital Banking

03 mins

Banking technology provider Tuum has announced a strategic partnership with Google Cloud Security to enhance digital banking capabilities across the EMEA region. This collaboration aims to optimize scalability, security, and performance of digital banking services while significantly reducing operational costs for financial institutions. By leveraging Google’s advanced cloud technologies, Tuum is positioning itself to meet the growing demands of the banking and fintech sectors.

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