NCBA Bank continues to advance its sustainability agenda with the launch of a new Solar Photovoltaic (PV) campaign, aimed at helping local businesses reduce carbon footprints and manage rising energy costs. Announced on Tuesday, this campaign underscores NCBA’s commitment to supporting businesses through innovative financial solutions that promote clean energy adoption and long-term sustainability
Meta, the parent company of Facebook and Instagram, has announced the reintroduction of facial recognition technology to tackle the growing issue of celebrity impersonation on its platforms. This move comes nearly two years after Meta initially discontinued its facial recognition system due to privacy concerns and regulatory scrutiny. The revamped system aims to protect public figures from impersonation, a major source of misinformation and scams targeting users.
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has granted IMC Communications an internet service provider (ISP) license, positioning the company to officially resell Starlink’s satellite internet services. This landmark partnership with SpaceX-owned Starlink is set to revolutionize the internet landscape in Zimbabwe, bringing faster, more reliable, and lower-cost internet to areas previously underserved by traditional infrastructure.
Standard Chartered Bank is expanding its suite of foreign currency investment options, offering Kenyan investors more ways to access global markets. With the introduction of new products such as USD Money Market Funds, USD Corporate Bonds, USD Government Bonds, and Signature CIO Funds, the bank is catering to the growing demand for international investment opportunities.
Starlink Internet is making significant strides in enhancing healthcare delivery across Rwanda. Since its pilot introduction in June 2023, this high-speed satellite network has transformed connectivity in health centers, particularly in remote areas where access to reliable internet has been a persistent challenge. Healthcare providers are praising the positive impact Starlink has had on their ability to deliver services and streamline operations.
Frehiwot Tamru, CEO of Ethio Telecom, recently engaged in a strategic dialogue with Vikas Menon, Director of Business Development and Strategic Partnerships for the Middle East and Africa at Meta, alongside other senior executives from the company. The focus of this meeting was to enhance the digital service experience for customers in Ethiopia, a crucial step in expanding digital access and inclusivity in the country.
Yellow Card, the first licensed stablecoin on/off ramp in Africa, has successfully closed its Series C financing, securing US $33 million in equity funding. The financing round was led by Blockchain Capital, with significant contributions from several prominent investors, including Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital. This milestone not only underscores the company’s growth trajectory but also highlights the expanding potential of the African fintech industry as a whole.
du has made significant strides in technological innovation at GITEX 2024 by announcing a series of strategic partnerships aimed at transforming industries across the UAE. One of the most notable collaborations is with Invest in Sharjah, which focuses on enhancing Sharjah’s business ecosystem. This partnership will introduce advanced digital solutions, such as artificial intelligence (AI), the Internet of Things (IoT), and cloud computing, to empower investors and entrepreneurs. By leveraging these cutting-edge technologies, the initiative aspires to promote sustainable growth and establish Sharjah as a hub for innovation.
