October 17, 2024 – Hakuna Matata Media

Verve International Surpasses 70M Issued Payment Cards

2 years ago2 years ago04 mins

Verve International has achieved a remarkable milestone by issuing over 70 million payment cards, representing a 40% increase in issuance volumes within just 15 months. This rapid growth is a testament to Verve’s significant role in Nigeria’s domestic payment ecosystem, where the demand for secure and convenient payment solutions continues to rise. The achievement not only underscores Verve’s dominance but also reflects its ability to scale effectively to meet the evolving needs of users across the country.

Octavia Raises $5M to Capture CO2 and Build Storage Plant

2 years ago2 years ago04 mins

Octavia Carbon, a pioneering cleantech startup based in Kenya, has successfully raised $5 million in a seed funding round to develop its Direct Air Capture (DAC) storage plant. This innovative company focuses on removing carbon dioxide from the atmosphere through cutting-edge technology that draws air into machines, filters out CO2, and securely stores it underground. With the increasing concern about excess atmospheric CO2 depleting the ozone layer and contributing to health and environmental issues, Octavia Carbon’s mission has never been more crucial.

Banking & Fintech

Jamie Dimon Embarks on Africa Tour, Expanding JP Morgan Footprint

2 years ago2 years ago04 mins

Jamie Dimon, CEO of J.P. Morgan, has officially embarked on an Africa-wide trip following the bank’s recent expansion into the continent. This initiative comes on the heels of J.P. Morgan securing licenses to establish new representative offices in Nairobi, Kenya, and Abidjan, Côte d’Ivoire. The expansion reflects J.P. Morgan’s commitment to strengthening its presence in key emerging markets and enhancing its service offerings across Africa.

Safaricom Launches 2024/2025 Mission, Prioritizing Smartphone Accessibility

2 years ago2 years ago03 mins

At Vodacom’s recent strategy event in Johannesburg, Safaricom CEO Dr. Peter Ndegwa outlined the company’s mission for 2024/2025, placing a strong emphasis on enhancing smartphone accessibility in Kenya. As part of its commitment to bridging the digital divide, Safaricom aims to empower more individuals by ensuring that they have access to essential technology

Capital A Investment Bank Rebrands, Targeting Diaspora Investors Worldwide

2 years ago2 years ago04 mins

Capital A Investment Bank, formerly known as Securities Africa Kenya Limited, has officially rebranded, marking a significant milestone following its recent investment bank license approval from the Capital Markets Authority (CMA). Previously operating as a stockbroker, the firm has expanded its capabilities to offer specialized investment advisory services. With a wider array of financial instruments such as bonds, equities, Eurobonds, and corporate finance, the bank is set to strengthen its role in the Kenyan financial market.

Huawei Accelerates Efforts to Advance Industrial Revolution

2 years ago2 years ago04 mins

In the face of the rapidly advancing fourth industrial revolution, global economies must fully embrace technology to stay competitive. This is especially true for Kenya, where the integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is vital for driving growth in key sectors such as manufacturing. Chinese tech giant Huawei has emphasized the importance of these technological advancements in shaping the future of industries across both developed and developing economies. As one of the major players at the GItex 2024 exhibition in Dubai, Huawei is advocating for the accelerated adoption of digital solutions.