Uncover, a Kenyan-founded skincare firm, has successfully secured Sh180.9 million ($1.4 million) from international investors to expand its business portfolio. This Seed 2 funding round was led by EQ2 and IgniteXL Ventures, with contributions from Chui Ventures, Samata Capital, and Altree Capital.
MTN Group is currently hosting a high-level delegation from Nigeria’s National Institute for Policy and Strategic Studies (NIPSS) at its Johannesburg headquarters. This week-long visit, co-hosted by the SA-Nigeria Business Chamber, the Department of Trade, Industry, and Competition, and the Nigerian embassy, is a part of NIPSS’s study tour aimed at exploring the synergy between digital technology, youth empowerment, and sustainable job creation in Nigeria.
Samsung Electronics has unveiled its latest innovations at the Galaxy Unpacked event in Paris, introducing the Galaxy Z Fold6 and Galaxy Z Flip6 alongside the Galaxy Buds3 and Galaxy Buds3 Pro. These new foldable devices mark a significant leap forward in mobile AI technology, building upon Samsung’s earlier advancements in the field.
Kenya is poised to attract significant investments in its technology sector from European companies, including Estonia and Germany. This week, top executives from these nations visited Kenya to explore various investment opportunities, underscoring the country’s appeal as a hub for digital innovation and growth.
Exciting News for East Africa’s Business Community! Over 500 delegates from Kenya, Uganda, and Tanzania are gearing up for a pivotal event in Naivasha this August 16th, hosted by Business Networking International East Africa.
AirAsia X, the Malaysian budget carrier, announces its first foray into Africa with direct flights between Nairobi and Kuala Lumpur starting November 15, 2024. The airline will operate four flights weekly, enhancing connectivity between Kenya and Malaysia.
Kenchic, renowned for its poultry products, has launched Kenbeef, a new line of premium beef cuts catering to the growing demand for quality beef in Kenya. Jim Tozer, Managing Director of Kenchic, unveiled Kenbeef, featuring premium cuts like ribeye and sirloin, alongside processed items such as sausages, burger patties, and boerewors.
Safaricom has surged ahead in the 5G race, now operating 803 5G sites across 43 counties in Kenya, as disclosed in its latest annual report. This significant milestone marks a notable shift from last year, where Safaricom trailed behind Airtel with 205 sites compared to Airtel’s 370. Now, Safaricom’s expansive network underscores its commitment to delivering super-fast internet speeds to customers nationwide.
