TurnStay, a South African travel-focused fintech, has secured R5.4 million ($300,000) from U.S.-based venture capital firms DFS Lab and Digital Currency Group (DCG). This new funding round will be used to expand across Africa and solidify TurnStay’s position in the local market.
d.light, a global provider of transformational household products and affordable finance for low-income households, has closed a new securitization facility valued at $176 million. This facility will purchase receivables in Kenya, Tanzania, and Uganda, significantly scaling up d.light’s PayGo consumer finance offering.
DIB Bank Kenya has launched a new internet banking platform as part of its digital transformation strategy, aimed at enhancing customer services. This move aligns with the bank’s commitment to offering Shariah-compliant banking solutions and services, catering to the increasing demand in the market.
Deluxe Trucks & Buses East Africa appoints Hussein Kamal as the new General Manager, marking a pivotal move in advancing Ashok Leyland’s presence and growth in Kenya’s competitive road transport sector.
Nokia and Telecom Egypt announce a landmark deal to bring 5G connectivity to Egypt for the first time, scheduled for deployment later this year.
ReElement Technologies Corporation and Jupiter Lithium embark on a transformative partnership to develop Nigeria’s first large-scale lithium deposit, bolstering the country’s lithium mining and battery production capabilities.
Alert Microfinance Bank (MFB), under the Alert Group umbrella, unveils its groundbreaking mobile banking app, promising a transformative financial management experience directly from your smartphone.
KenGen announces a transformative step towards sustainable energy with plans to install a 42.5MW solar power plant at Seven Forks dams, enhancing Kenya’s green energy capacity.
