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- SpaceX offers Starlink kit at half price for first-time Kenyan customers
- Mobile Banking Reshaping the Gender Gap in Financial Inclusion
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Tech & Business
- 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 …
- 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 …
- 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 …
- Safaricom partnered with Visa Kenya to launch the virtual visa card, which is accessible to over 30 million M-Pesa users
- The card enables payments across 61 visa markets, charging Sh 121.92 to the dollar, a lower rate compared to commercial banks
- Safaricom chief executive officer (CEO) Peter Ndegwa said the card would enable its customers to make payments across the world without worry
- Besides Kenya, the service has been rolled out in Tanzania, while Mozambique, Congo, Lesotho and Ghana are target markets
Safaricom’s virtual visa card has stormed the foreign exchange market with lower rates threatening established Kenyan banks.
The giant telco partnered with Visa Kenya to launch the virtual visa card, which is accessible to over 30 million M-Pesa users.
The card enables payments across 61 visa markets, charging Sh 121.92 to the dollar, a lower rate compared to commercial banks.
With the lower charges, the telecommunications company could
In the future, Adanian Labs wants to get past the current phase, in which the flow of deals around the world is slowing down, and rise to power more start-ups and take over more markets across the continent.
In just two years, Adanian Labs has expanded out of Kenya and into Tanzania, Zambia, South Africa, and Nigeria, which are some of Africa’s biggest start-up and tech hubs.
It wants to have a presence all over Africa by 2025, and it is working hard to help build 300 companies in the next five years. In the meantime, the lab plans to set up shop in the Democratic Republic of Congo (DRC), Senegal, and the Ivory Coast. It is also thinking about using a franchise model to speed up its growth.
Adanian Labs start-ups can easily expand into other markets because they can use the existing infrastructure of the venture studio as …
ASL is a unique startup studio platform where we connect entrepreneurs with strategists, creatives, engineers, community, and capital to design, build and launch exponential organisations that aim to make people’s lives better.
The goal is to gather and share resources to help build and speed up the next 10,000 great blockchain-based companies that focus on helping people.
Early investors get an opportunity to invest in ASL-winning start-ups. Even though positive investments are not secret, Africa Startup League pipelines are the best way to reduce risk.
“We don’t just know our portfolio companies, we also keep track of them from the time they are just ideas to the present. At every stage of development, from the Minimum Viable Product (MVP) to seed rounds and beyond, all Humanity NFTs have the chance to get investments,” said Barney Barrow, Co-Chairman of the Humanity Angels Club.…
- Bolt has opened its Africa Head Office in Riverside, Nairobi, Kenya, months after receiving funding amounting to US$716 million for expansion
- The company said the new location would assist them in leveraging Nairobi’s strategic position to serve as a regional hub for its operations in Africa
- The office will act as the regional nerve centre of the company, whose operations in Africa cuts through seven countries
Bolt has opened its Africa Head Office in Nairobi, Kenya, months after receiving funding amounting to US$716 million for expansion.
In a statement, Bolt said the new location would assist them in leveraging Nairobi’s strategic position to serve as a regional hub for its operations in Africa.
The on-demand mobility platform opened the office in Riverside Drive, Nairobi. The office will act as the regional nerve centre of the company, whose operations in Africa cuts through seven countries.
Apart from Kenya, Bolt also has …
- MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022
- Mulinge currently serves as Safaricom’s Chief Consumer Business Officer
- She has been at Safaricom for 16 years, where she served in different capacities, including General Manager Enterprise Business Unit and Director Consumer Business Unit
Telecommunications company MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022.
Mulinge currently serves as Safaricom’s Chief Consumer Business Officer. She has been at Safaricom for 16 years, where she has served in different capacities. These include General Manager Enterprise Business Unit and Director Consumer Business Unit, before assuming the role of Chief Customer Officer in 2018. In July 2021, she took up the role of Chief Consumer Business Officer.
In a statement, South Africa’s MTN Group announced the appointment, saying she brings on board experience in transforming customers’ lives using technology.
“A seasoned executive, …
In addition, governments have to make things better for businesses. Currently, tech start-ups have to pay a lot to comply with regulations that are sometimes not clear. These regulations differ in the 54 different African countries which makes it a lot of work for investors to scale faster across the continent.
To deal with this, leaders in the different African nations need to come up with a common, unified framework that makes it easy to expand into regional markets.
For things to work much better and faster, there is need to get more people to help each other since ecosystems that have more links are stronger and grow faster. African leaders should work on policies that can enable ecosystem players start a Pan-African tech start-up network to help tech start-ups grow and get better.
To address these challenges, African governments need to quickly create and implement a digital economic policy …
