Sabipay Technologies, a subsidiary of fintech giant Pesapal Limited, has received a payments system business license from the Bank of Zambia. This license marks a pivotal expansion of Pesapal’s footprint within Zambia’s payments sector, enabling Sabipay Technologies to offer a comprehensive range of payment solutions tailored to diverse business needs.
Hotpoint Appliances, a premier distributor of LG electronics, has achieved a notable recognition at the sixth Kenya e-Commerce Awards. The company won silver in the Best Home Appliances (Brands) eCommerce Website category, underscoring its excellence in creating and managing an effective, user-friendly online platform for home appliances.
Liquid Intelligent Technologies has officially launched the first Microsoft Azure Stack in Uganda, marking a significant milestone in the country’s digital transformation journey. Azure Stack combines the intelligence, security, and scalability of public Azure with Liquid’s managed infrastructure, offering a powerful hybrid cloud solution.
TBD, a division of Block, has announced the launch of the TBD Hackathon in partnership with the Africa Bitcoin Conference. This innovative competition is designed to drive technological advancement in payment systems across Africa by leveraging the tbDEX open source protocol.
Mawingu, a leading rural Internet Service Provider (ISP), has expanded its network to Bondo in Siaya County, reaching a total of 29 counties across Kenya. This expansion represents a significant milestone in the company’s mission to enhance connectivity throughout the country.
Amazon Web Services (AWS) has reported a remarkable 19% increase in revenues for the three months ending June 30, reaching $26.3 billion. This performance surpasses analysts’ expectations of $26.02 billion, marking a significant milestone for AWS.
Jubilee Asset Management, a subsidiary of Jubilee Holdings, has introduced a new dollar-denominated fund, the Jubilee Money Market Fund (USD). This fund is now accessible to both retail and institutional investors with an initial minimum investment of $1,000 (Sh130,000) and requires minimum top-ups of $500 (Sh65,000).
Equity Bank Group has announced a landmark Sh2.8 billion scholarship fund aimed at supporting 113 students admitted to top global universities. This significant initiative is part of the Equity Leadership Program (ELP), the bank’s social arm dedicated to fostering educational excellence.
