News – Page 47 – Hakuna Matata Media

NCBA Group Finalizes 100% Acquisition of AIG Kenya

2 years ago2 years ago04 mins

NCBA Group has officially completed its 100% acquisition of AIG Kenya Insurance Company Limited (“AIG Kenya”), marking a significant milestone in the financial services industry. This strategic acquisition, announced on Monday, strengthens NCBA’s position in the market and brings into its fold an insurance business with over 50 years of experience and a strong reputation for providing comprehensive general insurance solutions to Corporates, SMEs, and individuals.

Kenya Opens Market for Duty-free EU Imports

2 years ago2 years ago04 mins

Kenya and the European Union have successfully implemented a landmark trade agreement after a decade of negotiations, marking a significant milestone for both parties. This deal opens Kenya’s domestic market to tax-free goods from the EU’s 27-country bloc after 25 years. The EU-Kenya Economic Partnership Agreement (EPA) will preserve unrestricted access for Kenyan goods to the European market, excluding arms.

GIGM and Travelstart Integrate Services Across Both Platforms

2 years ago2 years ago03 mins

Two leading names in the transportation sector, GIGM and Travelstart, have unveiled a groundbreaking partnership aimed at revolutionizing travel convenience across Nigeria. Announced during a media briefing on June 19, 2024, this strategic collaboration integrates GIGM’s tech-powered intercity road transportation with Travelstart’s comprehensive air travel services.

TelCables Upgrades its South African Backbone Network to 800 Gbps

2 years ago2 years ago04 mins

TelCables Southern Africa, a subsidiary of global ICT solutions provider Angola Cables, has announced a significant upgrade to its backbone network infrastructure in South Africa. The network capacity has been increased from 500 Gbps to 800 Gbps to better accommodate the rapidly growing cloud and data traffic. This upgrade aims to provide faster, more secure connectivity for local and international customers.

Cadana Secures $7.1 Million In Seed Funding

2 years ago2 years ago02 mins

Cadana, a leading fintech startup, has just announced a significant milestone with the closing of a $7.1 million seed funding round led by Costanoa Ventures, alongside Better Tomorrow Ventures and 500 Startups. This funding is set to propel Cadana’s mission to revolutionize payroll services catering to international hiring platforms and financial institutions across emerging markets.

Pyypl, Visa Partner for Financial Inclusion in Africa

2 years ago2 years ago03 mins

Pyypl, a leading fintech in the Middle East and Africa (MEA), has announced a groundbreaking partnership with Visa to issue virtual and physical Visa cards through its mobile application. This collaboration aims to provide direct access to digital payments for users across the region, significantly enhancing financial inclusion.

Riara University to Build Ksh20B Campus at Konza

2 years ago2 years ago03 mins

Riara University, a leading private institution, has commenced construction of its new campus at the Konza Technopolis. The Ksh 20 billion project marks a significant milestone for the university, which aims to expand its educational offerings and nurture future innovators.

Bolt Achieves Ksh.10M Goal to Aid Kenyan Flood Victims

2 years ago2 years ago03 mins

Bolt announced the successful achievement of its Ksh.10 million fundraising goal to assist flood victims in Kenya. This remarkable milestone was reached through the ‘Flood Assist’ category, where 5% of each ride’s revenue was directed to the Kenya Red Cross Society.