News – Page 32 – Hakuna Matata Media

Flutterwave Expands Footprint with Uganda License

2 years ago2 years ago03 mins

Flutterwave, a leading global pay-tech company, has made a significant leap by expanding its operations into Uganda. The Bank of Uganda has granted Flutterwave a Payments System Operator (PSO) license, marking a major milestone in the firm’s mission to enhance financial inclusion across Africa. This expansion brings Flutterwave’s reach to 29 African countries, further solidifying its position as a key player in the continent’s digital payments landscape.

Chpter, Kenyan E-commerce Startup, Secures $1.2M Pre-seed Funding

2 years ago2 years ago04 mins

Chpter, a Kenyan e-commerce startup founded by the team behind YC-backed Marketforce, has successfully raised $1.2 million in a pre-seed funding round. This significant milestone comes as Chpter gears up to enhance its technology stack and expand its operations into Egypt and Nigeria. The company, established in 2022 by Tesh Mbaabu, Mesongo Sibuti, Kuria Kevin, and Mark Kiarie, specializes in transforming social media into a robust sales platform through chat, order, and payment tools.

DOB Equity Appoints Karen Serem Waithaka as CEO

2 years ago2 years ago03 mins

DOB Equity, a private equity fund with bases in Nairobi and the Netherlands, has appointed Karen Serem Waithaka as its new Chief Executive Officer. Karen brings over 15 years of expertise in the financial services sector to her new role, stepping into the leadership position at a pivotal moment for the fund. This appointment follows recent significant changes in leadership and challenges within DOB Equity’s portfolio companies.

Jordan Schleck, Aleper Mary Triumph at LOOP Safari Gravel

2 years ago2 years ago03 mins

Jordan Schleck has clinched the top spot once again in the 120KM LOOP men’s elite category, finishing the 4th and final leg of the 2024 LOOP Safari Gravel Series at Vipingo Ridge with an impressive time of 4:40:50 hours. Schleck, who previously won the first leg of the series in Tatu City, showcased his endurance and skill against strong competition. Joel Kyaviro and Stanley Ngugi followed in second and third places with times of 4:57:37 hours and 5:00:55 hours, respectively.

Telecom Namibia Plans 5G Trials to Begin in 2026

2 years ago2 years ago02 mins

Telecom Namibia has announced its plans to commence commercial 5G deployment in 2026, aiming to align with industry advancements and compete with its peer, MTC, which began 5G testing earlier this year in partnership with Huawei. Dr. Stanley Shanapinda, CEO of Telecom Namibia, provided the update during a session organized by the Ministry of Information and Communications Technology in Windhoek, addressing questions about the company’s 5G rollout strategy.

Mohamed Chaudry Appointed as New CFO of Vendease

2 years ago2 years ago03 mins

Vendease, a leading Nigerian food tech procurement platform, is accelerating its expansion across Africa and intensifying its fundraising efforts. The company has recently appointed Mohamed Chaudry as its new Chief Financial Officer (CFO). Chaudry brings over 20 years of experience in scaling businesses, securing funding, and implementing strategic financial strategies, with a strong emphasis on enhancing operational efficiency.

Savannah Clinker Bids Ksh.25B to Acquire Bamburi Cement

2 years ago2 years ago03 mins

Kenyan firm Savannah Clinker has made a significant move in the cement industry by placing a Ksh25.4 billion bid to acquire listed Bamburi Cement PLC. This strategic offer comes in response to a competing bid from Tanzania’s Amsons Group, which had previously announced its own Ksh23.9 billion offer. Savannah Clinker’s bid includes an additional Ksh1.8 billion to shareholders if the acquisition proceeds.

Dr. Faustine Ndugulile Has been Nominated as WHO Africa Director

2 years ago2 years ago04 mins

Dr. Faustine Engelbert Ndugulile of Tanzania has been nominated as the next Regional Director for the World Health Organization (WHO) African Region, succeeding Dr. Matshidiso Moeti, who has led the region with distinction over the past decade. This historic nomination was decided by African Member States during the Seventy-fourth session of the WHO Regional Committee for Africa held in Brazzaville, Republic of the Congo, reflecting strong support for Dr. Ndugulile’s leadership and vision.