May 15, 2026

Hakuna Matata Media

Latest

Absa, Standard Bank Partner with Saudi EXIM Bank for Trade

05 mins

The partnership between Absa Group, Standard Bank Group of South Africa Limited, and Saudi EXIM Bank marks a significant step towards enhancing trade and export opportunities between Saudi Arabia and South Africa. Signed during the Saudi-South African Business Forum in Johannesburg, this strategic agreement aims to deepen economic relations and create a framework for future collaboration. The deal also comes at an opportune time, coinciding with the visit of Saudi Arabia’s Commerce Minister, Dr. Majid Al-Kassabi, to South Africa, underlining the importance of building stronger economic ties between the two regions.

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Verve International Surpasses 70M Issued Payment Cards

04 mins

Verve International has achieved a remarkable milestone by issuing over 70 million payment cards, representing a 40% increase in issuance volumes within just 15 months. This rapid growth is a testament to Verve’s significant role in Nigeria’s domestic payment ecosystem, where the demand for secure and convenient payment solutions continues to rise. The achievement not only underscores Verve’s dominance but also reflects its ability to scale effectively to meet the evolving needs of users across the country.

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Octavia Raises $5M to Capture CO2 and Build Storage Plant

04 mins

Octavia Carbon, a pioneering cleantech startup based in Kenya, has successfully raised $5 million in a seed funding round to develop its Direct Air Capture (DAC) storage plant. This innovative company focuses on removing carbon dioxide from the atmosphere through cutting-edge technology that draws air into machines, filters out CO2, and securely stores it underground. With the increasing concern about excess atmospheric CO2 depleting the ozone layer and contributing to health and environmental issues, Octavia Carbon’s mission has never been more crucial.

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Jamie Dimon Embarks on Africa Tour, Expanding JP Morgan Footprint

04 mins

Jamie Dimon, CEO of J.P. Morgan, has officially embarked on an Africa-wide trip following the bank’s recent expansion into the continent. This initiative comes on the heels of J.P. Morgan securing licenses to establish new representative offices in Nairobi, Kenya, and Abidjan, Côte d’Ivoire. The expansion reflects J.P. Morgan’s commitment to strengthening its presence in key emerging markets and enhancing its service offerings across Africa.

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Capital A Investment Bank Rebrands, Targeting Diaspora Investors Worldwide

04 mins

Capital A Investment Bank, formerly known as Securities Africa Kenya Limited, has officially rebranded, marking a significant milestone following its recent investment bank license approval from the Capital Markets Authority (CMA). Previously operating as a stockbroker, the firm has expanded its capabilities to offer specialized investment advisory services. With a wider array of financial instruments such as bonds, equities, Eurobonds, and corporate finance, the bank is set to strengthen its role in the Kenyan financial market.

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Huawei Accelerates Efforts to Advance Industrial Revolution

04 mins

In the face of the rapidly advancing fourth industrial revolution, global economies must fully embrace technology to stay competitive. This is especially true for Kenya, where the integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is vital for driving growth in key sectors such as manufacturing. Chinese tech giant Huawei has emphasized the importance of these technological advancements in shaping the future of industries across both developed and developing economies. As one of the major players at the GItex 2024 exhibition in Dubai, Huawei is advocating for the accelerated adoption of digital solutions.

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WellPall Expands into Saudi Arabia with New Funding

05 mins

WellPal, the Egyptian e-commerce platform specializing in health and wellness products, has made a strategic move to Saudi Arabia following a successful investment round secured from an angel investor. Founded in 2019 by Mohamed Ali and Mohamed Tantawy, WellPal is a Flat6Labs portfolio company that has rapidly gained traction in the health tech space. With the relocation to Saudi Arabia, WellPal aims to accelerate its growth and establish itself as the go-to platform for health-conscious consumers across the Kingdom.

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