safaricom

Visa’s Africa strategy banks on startup partnerships

Visa’s Africa strategy banks on startup partnerships

Visa has prioritized growth in Africa, and partnering with startups is central to its strategy. This became obvious in 2019 after the global financial services giant entered a series of collaborations
Africa Roundup: Africa’s tech ecosystem responds to COVID-19

Africa Roundup: Africa’s tech ecosystem responds to COVID-19

In March, the virus gripping the world — COVID-19 — started to spread in Africa. In short order, actors across the continent’s tech ecosystem began to step up to stem the spread. Early in March,

Mobile money crossed a key milestone last year—that’s good news for Africa’s coronavirus battle

Sub Saharan Africa accounted for over 60% of the $690 billion transacted through mobile money services last year.
Africa turns to mobile payments as a tool to curb COVID-19

Africa turns to mobile payments as a tool to curb COVID-19

Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward
Jumia adapts Pan-African e-commerce network in response to COVID-19

Jumia adapts Pan-African e-commerce network in response to COVID-19

Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19. The Nigeria headquartered operation — with online goods and services verticals in 11 African
CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak

CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak

Africa’s largest innovation incubator, CcHub, will offer funding and engineering support to tech projects aimed at curbing COVID-19 and its social and economic impact. The Lagos and Nairobi based
Kenya turns to M-Pesa mobile-money to stem the spread of COVID-19

Kenya turns to M-Pesa mobile-money to stem the spread of COVID-19

Kenya’s largest teleco, Safaricom, will implement a fee-waiver on East Africa’s leading mobile-money product, M-Pesa, to reduce the physical exchange of currency in response to the COVID-19 outbreak.
Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom

Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom

VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18 months. The group — with offices in London, Lagos and
AWS partners with Kenya’s Safaricom on cloud and consulting services

AWS partners with Kenya’s Safaricom on cloud and consulting services

Amazon Web Services has entered a partnership with Safaricom — Kenya’s largest telco, ISP and mobile payment provider — in a collaboration that could spell competition between American cloud providers
Kenyan logistics startup Sendy raises $20M round backed by Toyota

Kenyan logistics startup Sendy raises $20M round backed by Toyota

Africa’s logistics startup space has gained another multi-million dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehicles for
Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will
Lessons from M-Pesa for Africa’s new VC-rich fintech startups

Lessons from M-Pesa for Africa’s new VC-rich fintech startups

Over the least decade, Africa has been in the midst of a startup boom accompanied by big growth in VC and improvements in internet and mobile penetration.
Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry

Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry

Kenya’s Twiga Foods raised a total of $30 million in October from lenders and investors led by Goldman Sachs. This adds to the list of African startups the U.S. financial firm has backed, including
Kenyan telco Safaricom’s Alpha incubator faces uncertain future

Kenyan telco Safaricom’s Alpha incubator faces uncertain future

Safaricom’s Nairobi-based Alpha innovation incubator may have an uncertain future, according to sources. With two high-level departures, and the passing of Safaricom’s CEO Bob Collymore, there are
After years of rapid growth in Africa we’re about to enter the age of Mobile Money 2.0

After years of rapid growth in Africa we’re about to enter the age of Mobile Money 2.0

Africa’s highly fragmented regulatory landscape is a massive barrier to growth for Mobile Money 2.0 startups and incumbents alike
Digital lending apps are coming under scrutiny in East Africa for predatory practices

Digital lending apps are coming under scrutiny in East Africa for predatory practices

Kenya's Central Bank governor has criticized digital lending platforms as “displaying shylock-like behavior while hiding behind nice-looking applications.”
Update on Nigerian fintech firm Interswitch and its speculative IPO

Update on Nigerian fintech firm Interswitch and its speculative IPO

Nigerian fintech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange. Last month Bloomberg News ran a story — based on unnamed sources — reporting

Africa’s ride-hail markets are hot spots for startups and VC

When it comes to VC, vehicles, and startups, Africa’s ride-hail markets are becoming a multi-wheeled and global affair. The big players such as Uber and Bolt are competing in Kampala and Nairobi—where
The chief executive who built up one of the world’s leading mobile money services has died

The chief executive who built up one of the world’s leading mobile money services has died

Bob Collymore's nine years of leadership transformed Safaricom.

These startups are locating in SF and Africa to win in global fintech

To become a global fintech player, locate your company in San Francisco and Africa. That’s the approach of payments company Flutterwave, digital lending startup Mines, and mobile-money venture Chipper