Hakuna Matata Media

Three Tanzanian startups have emerged victorious in the Vodacom Digital Accelerator Program 2024, demonstrating their potential to become revenue-generating businesses. AltituteX, represented by Frank Mussa, Afya Lead Co-Founder, and Lusekelo Nkuwi from GO GO App, have been recognized for their innovative contributions to Tanzania’s startup ecosystem. Established by Vodacom Tanzania in 2019, the Vodacom Digital Accelerator Program aims to nurture early-stage and growth-stage startups, providing them with essential support to thrive in the competitive digital landscape.

Young Scientists Kenya (YSK) has launched its 7th edition of the National Science and Technology Annual Exhibition 2024, receiving an impressive 1,780 project abstracts focused on addressing climate change issues. Ben Roberts, Chairman of the YSK committee and Group Chief Technology and Innovation Officer at Liquid Intelligent Technologies, highlighted a significant 138 percent increase in submissions compared to last year, underscoring growing interest and commitment to STEM education in Kenya.

TurnStay, a South African travel-focused fintech, has secured R5.4 million ($300,000) from U.S.-based venture capital firms DFS Lab and Digital Currency Group (DCG). This new funding round will be used to expand across Africa and solidify TurnStay’s position in the local market.

d.light, a global provider of transformational household products and affordable finance for low-income households, has closed a new securitization facility valued at $176 million. This facility will purchase receivables in Kenya, Tanzania, and Uganda, significantly scaling up d.light’s PayGo consumer finance offering.

DIB Bank Kenya has launched a new internet banking platform as part of its digital transformation strategy, aimed at enhancing customer services. This move aligns with the bank’s commitment to offering Shariah-compliant banking solutions and services, catering to the increasing demand in the market.

Deluxe Trucks & Buses East Africa appoints Hussein Kamal as the new General Manager, marking a pivotal move in advancing Ashok Leyland’s presence and growth in Kenya’s competitive road transport sector.

Nokia and Telecom Egypt announce a landmark deal to bring 5G connectivity to Egypt for the first time, scheduled for deployment later this year.