Tuesday, April 30

Tech & Business

Starlink kit
  • Starlink, has introduced a significant price reduction of 55.6% for its installation hardware kit in the Kenyan market.
  • This promotional offer is valid until May 15, providing Kenyans the opportunity to purchase the hardware equipment at $292.36 (KSh39,500), a substantial discount from the usual asking price of $658.04 (KSh89,000).
  • An analysis in October 2023 highlighted Kenya and Mozambique as the top markets with the highest charges for internet installation compared to other African countries where Starlink has a presence.

Billionaire Elon Musk’s satellite internet firm, Starlink, has introduced a significant price reduction of 55.6 percent for its installation hardware kit in the Kenyan market. This promotional offer is valid until May 15, providing Kenyans the opportunity to purchase the hardware equipment at $292.36 (KSh39,500), a substantial discount from the usual asking price of $658.04 (KSh89,000).

The promotional message displayed on the firm’s website states, “SpaceX’s Starlink kit has an offer …

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female financial inclusion
  • Data from the World Bank’s Global Findex Database 2021 indicates significant strides in female financial inclusion over the past decade.
  • In the 10 years leading up to 2021, the share of women in Africa who owned a financial account doubled to more than 49 per cent.
  • This surge in women’s account ownership in many developing countries is largely attributed to mobile money platforms.

Data from the World Bank’s Global Findex Database 2021 indicates significant strides in female financial inclusion over the past decade. The gender gap in ownership of formal financial accounts in developing countries has decreased from 9 to 6 per cent, signifying a move towards financial parity for women.

The increase in account ownership among women has outpaced that of men, with 68 per cent of adult women in developing nations now participating in formal financial systems. This surge in women’s account ownership in many developing countries is …

LB Investment
  • South Korea-based LB Investment, which has $1.2 trillion Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress.
  • The firm will showcase a diverse portfolio of startups and companies, representing cutting-edge innovation and disruptive solutions across industries.
  • Among the notable entities brought to the forefront by LB Investment are LisMed, Standard Energy Inc., t’order, FITPET, LABLUP, BLUEZONE WIDE, NOTA AI, and ABYSS Company.

LB Investment, a venture capital company with a legacy of fostering innovation and entrepreneurship, and with $1.2 trillion in Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress, scheduled to be held from May 7th to May 9th in Abu Dhabi, United Arab Emirates.

Established in 1996, LB Investment has consistently been recognised as one of South Korea’s premier fund managers, earning accolades such as the A+ grade from the Small and Medium …

Binance launches Crypto Education Hub in Cameroon in collaboration with Inoni Tech www.theexchange.africa

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.…

Solv Kenya In Supply Chain Financing Partnership With MSMEs, Banks www.theexchange.africa

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.…

Bolt Food App

Bolt Food has also created a feature that enables customers to use promo codes and coupons to pay for orders made on the app. As restaurants on the platform offer promotional items and campaigns, all active promotions will always be displayed in the Bolt Food app.

These initiatives are meant to create a flexible and convenient environment for customers as they enjoy excellent service on the Bolt Food app.

“Customer Experience on our platform remains a key priority in our operations. Our focus is to continue growing our brand and serving our customers in the best way possible through quality services tailored towards their needs”, said Edgar.

Bolt Food continues to scale up its operations and invest more into initiatives geared towards enhancing customer experience and offering quality services as it grows its courier earnings. …

Google Wallet launches in South Africa as digital payments boom www.theexchange.africa

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.…

Telkom Business now offers small businesses funding up to R5 million within 24 hours www.theexchange.africa

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 …

LB Investment
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