Author: Maingi Gichuku

The service is now available to many people, including first-time borrowers, who can reap the benefits of a safe and regulated lending solution.

When the transaction is complete, the funds are transferred immediately into the user’s VodaPay Wallet. It can be used directly for in-app purchases, such as buying pre-paid electricity and water, paying bills, using scan-to-pay technology in stores, and sending money to friends and family members.

Because its fees are lower than those charged by traditional providers of short-term cash advances, this cutting-edge product has the potential to revolutionise the industry.…

If crypto specialists believe that most of the African population is proficient in cryptography, they are gravely mistaken. The majority of people’s daily lives are currently unaffected by cryptography.

The adoption of cryptocurrency will result in its global recognition as a trustworthy medium of exchange. Cryptocurrency is a decentralised asset that may be used to communicate and store value securely. Africa is falling behind schedule due to the continent’s lack of bitcoin and blockchain expertise.

Gemini’s 2022 Global State of Cryptography research shows that a lack of education is the primary global barrier to cryptocurrency ownership. 40% of African respondents in the study had never purchased cryptocurrency because they were unfamiliar with the process.

According to Kucoin, 2.8% of all cryptocurrency transactions worldwide occur in Africa, indicating that we have a long way to go in terms of acceptability.…

The new small business capital funding solutions, which are powered by modern and cutting-edge financial technologies, possess the potential to help small enterprises with their funding problems.

By providing bespoke credit options and innovative loan solutions, these modern fintech lenders have the ability to transform the finance ecosystem for small businesses.

SCF lenders have a larger outreach among small businesses, which ensures quicker loan approvals and seamless transaction processing on scheduled schedules with flexible terms.

This is in comparison to large lending institutions, which have a far more limited customer base. SCF companies have differentiated themselves from traditional lenders by developing a tech-enabled operational interface.…

Google Wallet, which is only available for Android, provides fast and secure access to all your everyday essentials,” he continued.

Google Pay needs customers to touch to pay with their phones at a point of sale, then verify themselves using a fingerprint, their face, or a Pin, just like rival systems like Apple Pay, Samsung Pay, and Huawei Pay.

“As Google collaborates with partners to bring these to market, South Africa will get access to event tickets, boarding permits, and store loyalty cards. KLM, United, Air France, and Singapore Airlines are already available to South Africans as international airline partners. We’re attempting to broaden our partner network,” Min Kim stated.…

According to the database maintained by the China Africa Research Initiative (CARI), between 2000 and 2020, Chinese financiers and African governments signed more than 1,180 loan commitments totalling US$160 billion.

Of these, two-thirds were for transport, power, and mining projects. To put it in dollar terms, the countries that have borrowed the most from China are Angola, Zambia, Ethiopia, Kenya, and Cameroon.

Yi committed to continuing Chinese investment in Africa, including financial backing for a “Great Green Wall” to combat climate change, the provision of food aid to seventeen nations, and increased Chinese imports from Africa.…

As of the 31st of December in 2021, these prerequisites were not satisfied, and hence, no sum was recognised.

After purchasing the seven licences from Barrick in a cash-and-stock transaction, Shanta committed to pay Barrick Gold a royalty rate of two per cent on any actual gold production in the future.

During the previous two years, when Shanta Gold has been spending a significant amount of money on feasibility studies to ascertain the true extent of the gold reserves, and whether or not to move on with production, the West Kenya project has not generated any revenues.

The region is projected to produce 1.6 million ounces of gold from its deposits.…

WPP ScanGroup, a marketing and communications company, has reported a loss of 47.1 million shillings (US$393,648.14 ) for the half year that ended in June 2022.

• WPP ScanGroup has reported a loss of 47.1 million shillings (US$393,648.14 ) for the half year that ended in June 2022
• This is a significant drop from the 31.4 million shillings (US$262,432.09) profit that the company reported for the same period in 2021
• The poor performance may be attributed to a drop in net revenues of 6.1 per cent year over year
• The company stated that “the bottom-line was pulled by an 11.0 per cent jump in tax charge to Sh56.7million (US$468,045.75),” which contributed to the negative results

This is a significant drop from the 31.4 million shillings (US$262,432.09) profit that the company reported for the same period in 2021.

The poor performance may be attributed to a drop in net revenues of 6.1 …

Telkom Business has announced the introduction of Telkom Lend, a platform that will enable small businesses to seek money online and receive a response within one day.

• Telkom Business has announced the introduction of Telkom Lend. This platform will enable small businesses to seek money online and receive a response within one-day
• companies are now in charge of their own payments. With funding offers ranging from US$1,175 ( R20,000) to US$ 293,834 (R5 million ) based on monthly revenue, the money can be paid back over three to twelve months on a daily or weekly basis
• The eligibility of applications is determined using Telkom’s proprietary automated scoring mechanism. This saves time and allows entrepreneurs to focus on their enterprises
• Applicants seeking funding must have been in business for at least six months, have a monthly revenue of at least  US$1,763 (R30,000), and have at least three months of trading

• African space economy is becoming a strategic tool for strengthening the nation’s economy and contributing to meeting the Sustainable Development Goals (SDGs) in Africa at a faster rate than the continent’s GDP
• The value of the African space industry in 2021 was USD 19.49 billion and is anticipated to increase by 16.16% to reach USD 22.64 billion by 2026
• In 2022, African nations allocated US$534,9 million to national space programmes. This sum represented an increase of 2.24% over the revised US$ 523.3 million for 2021
• African space sector, the ground segment market, has enormous potential.

A report published by Space in Africa, the leading source of information and market analysis for the African satellite and space industries, Indicates that the African space economy is becoming a strategic tool for strengthening the nation’s economy and contributing to meeting the Sustainable Development Goals (SDGs) in Africa at a faster rate than the …

The cost of sales reached 683.2 million Kenyan Shillings, which is an increase from 520.5 million Kenyan Shillings during the same period in the previous fiscal year.

Because of an increase in the cost of sales caused by a global rise in newsprint prices and a depreciation of the Shilling in comparison to the dollar, the gross profit margin decreased by 4.5 percentage points, falling from 86.0 per cent in the previous year to 81.5 per cent in the current year.

In spite of the difficulties encountered, the group maintained their confidence that they would make progress in the second half of the year.…