Lendsqr from Nigeria Launches Services in Kenya

Lendsqr, a Nigerian leader in loan management software, has officially launched its innovative lending-as-a-service platform in Kenya, aiming to transform how banks, microfinance institutions (MFIs), and digital lenders manage loan processes. This launch marks a significant step forward in supporting Kenyan lenders with the advanced technology needed to streamline and scale their lending operations, paving the way for increased financial inclusion across the country.

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Metrofile, KARMA Partner to Secure Kenya’s Digital Records

Metrofile Kenya has entered a strategic partnership with the Kenya Association of Records Managers and Archivists (KARMA) to drive digital transformation in Kenya’s records management sector. This initiative aligns with the Ministry of Information, Communications, and the Digital Economy’s (MICDE) Strategic Plan (2023-2027), marking a major milestone in the shift towards secure and efficient digital record-keeping practices. By modernizing records management, this collaboration will enhance productivity across government and private sectors, reducing the losses incurred by outdated, paper-based systems.

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NCBA Bank Launches New Branch in Kitui Town

NCBA Bank has officially opened a new branch in Kitui, marking a significant milestone in the bank’s commitment to improving banking access and promoting financial inclusion across Kenya. Located at the Chief Kitonga Building in Kitui town, the new branch strengthens NCBA’s strategic focus on expanding its footprint in more regions and providing residents with greater convenience in accessing banking services.

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Safaricom Ethiopia Reaches 6.1M Active Users Monthly

Safaricom has reported impressive growth in its Ethiopian operations, announcing a 47.3% increase in monthly active users for the first half of 2024. This growth has brought the total number of active customers in Ethiopia to 6.1 million. The company also revealed that its network now covers 46% of the Ethiopian population, marking a significant milestone in its expansion within the country. The strong growth in customer numbers reflects Safaricom’s successful entry into Ethiopia’s telecom market.

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Vodafone Egypt Secure $150M 5G Operating License

Vodafone Egypt has secured a significant milestone in its expansion efforts, acquiring a 5G license for $150 million from Egypt’s Ministry of Communications and Information Technology. This license, awarded on October 7, 2024, marks a major step in Vodafone’s strategic growth as it seeks to position itself at the forefront of digital transformation in the region. In addition to the 5G license, Vodafone Egypt extended its existing spectrum licenses for five years, until 2039, at a cost of $17 million, demonstrating its commitment to the long-term development of its network infrastructure.

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Kenyan Industries Encouraged to Adopt AI for Manufacturing Growth

At the Kenya Industrialization Conference held at the Kenyatta International Conference Centre (KICC), key stakeholders in the manufacturing sector came together to discuss the transformative role of Artificial Intelligence (AI) and advanced technologies in shaping Kenya’s industrial future. The event, sponsored by the Ministry of Investments, Trade, and Industry, served as a platform to explore how AI can revolutionize production lines, optimize supply chains, and enhance product quality.

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