- Kenya Airways remains in the red as loss hits historic USD290.8 million
- Kenya: Ruto urges German enterprises to invest in MSMEs
- Tanzania filmmakers’ quest to nab billions from global movie fans
- Diageo buys additional shares in EABL to become its leading shareholder
- Africa conference to discuss power affordability and access
- U.S. investment in Tanzania to grow after Samia’s policy shift
- Bamburi Cement appoints new CEO amidst dwindling profits
- Airtel Money partners with Prudential Uganda to launch affordable health insurance
Tech & Business
● Hospital Sente is available to all Airtel Money customer via *185*7*6#.
● Hospital Sente offers hospital cash pay out to beneficiaries upon inpatient hospitalization at
any accredited hospital for up to 10 nights within a policy year.
● The product offers a funeral benefit which provides cover to the member on death due to
natural or accidental causes.
Airtel Mobile Commerce Uganda Limited (AMCUL) has partnered with Prudential Assurance Uganda Limited and insurtech firm Turaco Insurance Brokers LTD to provide ‘Hospital Sente’, a low-cost hospital cash insurance product with Funeral Benefits, aimed at increasing access to insurance for underserved communities, and low-income individuals and families.
The cover aims to ease Airtel’s customers financial burden associated with hospital admissions and death. Hospital Sente offers beneficiaries with a cash pay-out if they are hospitalised. It is designed to provide affordable coverage for unserved individuals and families conveniently through Airtel’s Mobile money …
- Facebook accused of unlawful termination of Kenyan content moderators
- Kenyan Labour Court rules Facebook parent company Meta has a case to answer
- Facebook and Meta’s unlawful termination case follows initial hazardous working conditions lawsuit
Facebook parent company Meta has a case to answer in an unlawful termination lawsuit, a Kenyan Labour Court has ruled.
The lawsuit comes against a backdrop of negative headlines in East Africa ranging from not censoring hate messages in Ethiopia to unlawful termination and hazardous working conditions in Kenya.
The Employment and Labour Relations court in Nairobi stopped the social media giant from ending a contract with a third party that hires hundreds of workers that work in the content moderation division.
At the start of the year, some 260 Kenyans hired as Facebook content moderators in Nairobi were issued termination letters that they claim are without just cause and unlawful. 43 of them moved to …
Africa is a strong contender for developing technologies such as blockchain and cryptocurrency owing to the continent’s growing mobile tech adoption rates. Considering the turbulent global financial markets, expensive remittance costs, and restricted banking access, blockchain in Africa offers alternatives to tackle their day-to-day issues.…
- Villgro Africa has made a significant impact on the healthcare sector in Kenya and Africa by investing in startups with the potential to create positive change and drive growth.
- Opportunities for African and local investors to fund promising startups include a Biotech Innovation Hub and a $30 million fund.
- This decision is informed by reports that estimate Africa’s healthcare market will be worth $259 billion by 2030
Villgro Africa has set its eyes on launching an Incubator-Fund Platform in partnership with Jaza Rift Fund, with a target fund size of $30 million, aimed at supporting startups graduating from the incubator.
This decision is informed by reports that estimate Africa’s healthcare market will be worth $259 billion by 2030; Africa will present 14 percent of health and wellbeing business opportunities, only second to North America which currently holds 21 percent of the opportunities.
“Since inception, Villgro Africa has enabled access to …
- IFC and Viva Technology have announced the second edition of the AfricaTech Awards.
- Founders are invited to apply for the awards in three categories – climate tech, fintech, and health tech
- The winners of the awards will gain access to leaders and top executives in the tech industry and increased visibility among global investors.
IFC and Viva Technology have announced the second edition of the AfricaTech Awards, an initiative to spotlight Africa-focused companies with innovative solutions addressing key development challenges linked to climate change, health care, and financial inclusion.
Founders are invited to apply for the awards in three categories – climate tech, fintech, and health tech – on the awards’ website from February 27 to March 12, 2023.
The winners of the awards will gain access to leaders and top executives in the tech industry and increased visibility among global investors, including IFC, one of the largest venture capital …
- Vodafone Group developed a business tailor-made to deal with Africa’s rising digital economy
- Etisalat, Vodafone’s largest shareholder, is currently exploring options for investment in Vodacom Africa.
- A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table
Vodafone Group is mulling strategies of extracting more value from its 65% stake in Vodacom Africa. According to Bloomberg, the telco is working with several advisers to evaluate the various strategic options available including mergers and acquisitions. A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table With the recent decline in Vodacom Africa and its market value in Safaricom, the organization is considering other alternatives.
This new take is crucial given that Vodafone has acquired new interested investors. Liberty Global, Xavier Niel,…
- The Mobile Economy Sub-Saharan Africa 2022 report by GMSA has revealed that 214 mobile operators in 81 markets globally had launched commercial 5G services in September 2022
- 5G now accounts for nearly half of all mobile connections in South Korea while the network makes up a third of all connections in the US
- The adoption of 5G in Sub-Saharan Africa is, however, not as quick with full commercial 5G services only available in fewer than five countries across the region as of September 2022
A new report now shows that 214 mobile operators in 81 markets globally had launched commercial 5G services as of September 2022.
According to the Mobile Economy Sub-Saharan Africa 2022 report by GMSA, the popularity of 5G is steadily growing and becoming mainstream in pioneer markets.
The report noted that developed economies such as South Korea have witnessed high usage of the network. In fact, in …
- BuuPass provides its users with a Bus management system for managing their operations, inventory and sales.
- Over the years BuuPass online booking has amassed a total fleet size of 1200 vehicles from over 25 bus companies.
- Africa’s transport service greatly benefits from BuuPass, allowing smooth operations and services.
Africa’s digital economy has opened doors for every kind of innovation. From shopping through your phone to ordering meals, Africa’s digital revolution has taken the world by storm. Buupass is an online ticket booking platform that has steadily taken over as Kenya’s transport service. On February 13th 2023, BuuPass announced its intent to expand as it raised Sh162.8 million($1.3 million). This will essentially expand its operation from Kenya to Uganda.
BuuPass has taken the initiative and steadily used Africa’s Digital Economy and the Mobile Industry in Kenya to stretch its services beyond everyone’s expectations.
For those who love travelling through the roads …
