Safaricom, in partnership with M-PESA Africa and Sumitomo Corporation, has unveiled the nine promising startups selected for the Spark Accelerator Program. Focused on accelerating early-stage startups in the fintech and content space, the program aims to support these innovative businesses in scaling and growing.
Orange, through its Orange Ventures arm, is significantly expanding its support for African tech start-ups, helping them navigate and thrive in a rapidly evolving digital landscape. This strategic move underscores Orange’s commitment to fostering innovation and entrepreneurship across the continent.
The Governor of the Central Bank of Kenya, Dr. Kamau Thugge, CBS, has been honored with the prestigious title of **African Banker Central Bank Governor of the Year** by the esteemed African Banker Magazine. This recognition highlights Dr. Thugge’s exceptional leadership and strategic vision during a year marked by significant global economic challenges.
Standard Chartered Bank Kenya has reported an impressive 39.4% rise in profitability for the first quarter of 2024, with net income increasing to Sh5.6 billion from Sh4 billion previously. The growth was driven by higher income from loans and transactions, reflecting the bank’s robust financial performance amid challenging economic conditions.
Kenyan cybersecurity firm Kristel has expanded its footprint to Rwanda, Ethiopia, and Uganda to meet the increasing demand for cybersecurity services in the region. This expansion was announced during the unveiling of Kristel’s new look at Royal Tulip Canaan Hotel.
Payrails, a leading payment platform for global enterprises, has teamed up with inDrive, a prominent ride-hailing app, to revolutionize payment processing across the Middle East and North Africa (MENA) regions.
oday, the U.S. Trade and Development Agency (USTDA) signed a grant agreement with Kenyan technology company Semiconductor Technologies Limited (STL) for a feasibility study to develop a new semiconductor fabrication facility.
Mastercard and the African Development Bank Group have launched the Mobilising Access to the Digital Economy (MADE) Alliance: Africa, an ambitious initiative aimed at providing digital access to 100 million people and businesses across Africa within the next decade.
