Kenya/page/2 news and trends

Microsoft and G42 Team on $1 Billion Kenya Data Center
Technology // May 22, 2024

Microsoft and AI company G42 have teamed to build a $1 billion Kenya-based data center. The collaboration, according to a Wednesday (May 22) news release, marks the largest digital investment in the history of the African nation, and will see the two companies join forces to create a new cloud...

Escaped Binance Exec Reportedly Located in Kenya
Cryptocurrency // April 22, 2024

A Binance executive who fled Nigerian custody last month has reportedly been found in Kenya. Nadeem Anjarwalla, a British-Kenyan who is the cryptocurrency giant’s regional manager for Africa, escaped after weeks of being held in Nigeria along with a second executive. He has since been located in Kenya and is facing...

Report: FairMoney Looking to Acquire Umba, Expand in Kenya
Digital Banking // February 20, 2024

FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and Kenya. The talks involve a $20 million all-stock deal, but negotiations are in their early stages, TechCrunch reported Tuesday (Feb....

Kenyan Lender Credit Bank to Raise $6.89 Million Through IPO
IPO // August 28, 2023

Kenyan lender Credit Bank reportedly plans to raise 1 billion shillings (about $6.89 million) through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE). The move would mark the first IPO on the NSE since 2014 when the exchange listed itself, Bloomberg reported Monday (Aug. 28). However, the timing...

Interviews & Exclusives
How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape

July 06, 2023
In 2019, Meta CEO Mark Zuckerberg said it was time to simplify money movement and make sending money to someone as easy as sending a photo. However, what that statement, seen as groundbreaking back then, failed to acknowledge is that Africans have been sending and receiving money without traditional bank accounts for over a decade […]

Mexico and Malaysia Poised for Massive Real-Time Payments Growth by 2026

May 01, 2023
Real-time payment systems have become increasingly popular around the world due to the rise of digital payments and the need for faster and more efficient financial transactions. Some of the...

How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?

December 23, 2022
After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the first three quarters suggests that...

Mastercard And Unilever’s Micro-Lending Has Macro Results For Kenyan SMBs

May 07, 2018
Building, sustaining and growing a small business isn’t easy in the best of circumstances. Even in a developed economy, margins are narrow, and tough decisions must be made daily, if...

Quick Reads
Mastercard and Safaricom Team on Cross-Border Payments in Kenya

September 19, 2024
Mastercard has launched a partnership with East African telecom Safaricom. The collaboration, announced in a news release Thursday (Sept. 19), is designed to boost the adoption of payment acceptance and cross-border remittance services in Kenya for the benefit of more than 636,000 merchants using M-PESA, Safaricom’s mobile money service. “Kenya’s payment acceptance market continues to […]

Microsoft and G42 Team on $1 Billion Kenya Data Center

May 22, 2024
Microsoft and AI company G42 have teamed to build a $1 billion Kenya-based data center. The collaboration, according to a Wednesday (May 22) news release, marks the largest digital investment in the history of the...

Escaped Binance Exec Reportedly Located in Kenya

April 22, 2024
A Binance executive who fled Nigerian custody last month has reportedly been found in Kenya. Nadeem Anjarwalla, a British-Kenyan who is the cryptocurrency giant’s regional manager for Africa, escaped after weeks of being held...

Report: FairMoney Looking to Acquire Umba, Expand in Kenya

February 20, 2024
FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and Kenya. The talks involve a...