KCB Group has reclaimed its position as East Africa’s most profitable bank with an impressive 69% growth in net earnings for Q1 2024, reaching Sh16.5 billion. The bank’s robust performance underscores its resilience and strategic growth initiatives.
Microsoft and G42 are teaming up to build a hyperscale data centre in Kenya, part of a US$1-billion investment plan in the region. This initiative forms a key part of a comprehensive digital investment package in Kenya.
Liquid Intelligent Technologies has announced a groundbreaking partnership with Eutelsat Group to bring enterprise-grade Low Earth Orbit (LEO) satellite services to Africa. This collaboration will make high-speed, low-latency satellite connectivity accessible across the continent, revolutionizing the way businesses and communities connect.
Sophos, a global leader in innovative security solutions, is proud to announce Joe Levy as the new CEO. Joe, who has been with Sophos for nine years, has been acting CEO since February 15th. Under his leadership, Sophos has transformed from a product-only vendor into a global cybersecurity giant, including the development of an incident response team and managed detection and response (MDR) service that protects over 21,000 organizations worldwide.
CIO Africa is proud to announce its sponsorship and media partnership for the second edition of the Gitex Africa Summit, scheduled to take place in Marrakech, Morocco from May 29th to 31st, 2024. This event is set to be a pivotal moment for the African tech industry, showcasing the continent’s rapid technological advancements and facilitating global connections with Africa’s vibrant tech ecosystem.
odacom Group Ltd and French telco Orange SA are in discussions to form a strategic partnership aimed at enhancing infrastructure and connectivity across Africa.
Kenya witnessed the creation of at least 848,200 new jobs in 2023, even amidst a challenging economic environment where many firms opted for retrenchment to reduce operational costs. The Kenya Economic Survey 2024, released by the Kenya National Bureau of Statistics (KNBS), reveals that the informal sector was a significant contributor, accounting for 720,900 of these jobs, which is 85% of the total.
Visa has announced the startups shortlisted from across Africa to participate in the second cohort of its Africa Fintech Accelerator program. This 12-week program offers 1:1 mentorship and personalized training, providing seed to Series A startups with exclusive opportunities to access funding, development, and resources. The program reflects Visa’s commitment to fostering innovation and supporting the digital economy across the continent.
