Kenya Airways’ losses to increase by 25% despite restructuring
The carrier is expected to record a net loss of at least Sh7.3 bn in 2019...
Tag : Africa
Vodafone to turn M-Pesa into a bank to target Africa’s unbanked
Currently, M-Pesa accounts for 3.5% of Vodacom’s revenue...
Renewable energy now over 90% of Kenya’s energy mix
Kenya recently launched its new 50 MW solar plant to achieve the milestone...
Kenya insurtech Turaco raises $1.2 mn to upgrade operations
Investors that took part in the funding round include Gan Ventures, Mercy Corps Ventures and Musha Ventures...
Chubb first property insurer to invest in Africa Trade Insurance
Chubb, which is the world’s biggest property insurer, will invest $10 mn in African Trade Insurance Agency...
Safaricom’s Mali to take on banks through mobile saving service
The new investment tool, powered by M-Pesa, will offer an interest rate of 10% per year...
African fintech My-iMali raises funds to increase customer base
The South Africa-based startup received the funding from fintech holding company Crossfin...
Nigerian fintech Migo raises $20 mn for Brazil expansion
Investors participating in the funding round include Valor Capital, the Rise Fund and Velocity Capital...
Mobile Money in Nigeria: Will MTN succeed where others failed?
While mobile money is already a success in Kenya, Nigeria is finally adopting the right policies to make it a success...
Kenya Airways CEO demands quicker nationalisation
Government to appoint a nationalisation advisor by the end of the year...