Kenyan Retail-tech Startup Tanda Secures Funding for Regional Expansion from HAVAÍC

Posted on by Staff Writer | 4340 Views | 8 min read

Kenyan agency banking startup Tanda is expanding its operations regionally after securing funding from early-stage African tech investor HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors. Tanda has also secured key strategic partnerships with Mastercard and Interswitch which will further accelerate its growth. The company’s expansion comes on the back of successfully

Equity Group Holdings Plans Trans-Africa Expansion with USD $100 Million (Ksh 11 Billion) Loan from the African Development Bank (AfDB)

Posted on by Staff Writer | 3907 Views | 13 min read

The facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment The Kshs 11 Billion loan comes on the heels of an additional USD 50 Million (Kshs 5.5 Billion) Loan Facility from the African Guaranty Fund. Equity Group Holdings

$1.3 Million Grants Approved for Two Research Efforts to Enhance Women’s Digital Access to Loans and Micro-insurance

Posted on by Staff Writer | 6178 Views | 12 min read

The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported by the Bank, to two

79% of Kenyan Consumers are Shopping More Online Since the Start of Pandemic, Reveals Mastercard Study

Posted on by Staff Writer | 3567 Views | 14 min read

Data top-ups (92%), clothing (67%) and computer equipment (56%) top the virtual shopping list in Kenya Top learning experiences include cooking, dancing, learning a language, and mastering DIY projects Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental for online shopping A Mastercard study on consumer

‘Banking4U’ App by Kenya-based Tech Services Company, SG NewTech, Wins Award at Finastra’s Global Hackathon

Posted on by Staff Writer | 3964 Views | 10 min read

SG NewTech, a Kenya-based tech services company and subsidiary of Software Group, has won an award for ‘Best in MEA’ at Finastra’s Global Hackathon “Hack the Future” for its latest project, Banking4U, designed to provide quick and easy access to bank loans. Created by SG NewTech employees, Faith Kangichu and Yonah Ochieng, the winning Banking4U App

Ukheshe and KCB in Deal to Boost East African Payment Services

Posted on by Staff Writer | 4609 Views | 9 min read

In an initiative that will see the growth and development of payment services within the East Africa region, leading digital fintech platform provider, Ukheshe, has announced the conclusion of a new agreement with the Kenya-based lender KCB Bank Kenya. Through the agreement, KCB will sponsor Ukheshe’s Bank Identification Number (BIN) number, which will allow Ukheshe

Mastercard, Unilever and KCB Bank Strengthen Partnership to Support Micro-retailers in Kenya

Posted on by Staff Writer | 4088 Views | 12 min read

Micro-retailers to receive $150,000 worth of financial support, free health products and training, to ease the economic impact of the pandemic. Mastercard, Unilever and KCB Bank have built on their partnership to support micro-merchants in Kenya by expanding their current Jaza Duka program to provide an extensive COVID-19 relief package to retailers. Micro, small and

Mastercard and Network International Launch Digital Platform to Accelerate Digital Payment Adoption Across Middle East and Africa

Posted on by Staff Writer | 6134 Views | 12 min read

Innovative digital solutions will enhance mobile-based payments for issuers, merchants, acquirers and consumers Mastercard, a technology leader in the global payments industry, and its strategic partner, Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA) region, have collaborated to launch a new digital platform which will accelerate the adoption

Mastercard Global Outlook 2021 Highlights Permanent Shift to Digital and Opportunity to Boost Financial Inclusion in the Middle East and Africa

Posted on by Staff Writer | 6887 Views | 24 min read

Mastercard Economics Institute report estimates that 20-30% of the COVID-related surge in e-commerce spending to be a permanent feature in share of overall retail spending Young and digitally savvy populations across the Middle East and Africa (MEA) are key to long-term growth outlook, but youth unemployment poses a threat to growth prospects The opportunity for

Standard Bank Wins The Banker Bank of the Year South Africa award for 2019

Posted on by Staff Writer | 18400 Views | 10 min read

Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the