Online Taxi firm Bolt enters into food delivery business

Bolt Food

Taxi hailing service Bolt is venturing into the food delivery business in Kenya targeting alternative revenue streams as the market has seen reduced mobility in the wake of Covid-19 restrictions. Bolt advertised the position of Country Manager for its food delivery arm in Kenya signalling the beginning of operations towards the end of the year. “We’re already present in 30+ markets across Europe and Africa. Now, it’s time for us to bring the know-how around building a mobility platform to the food delivery industry,” read the notice by the firm…

Read More

Kenya’s Central Bank Proposes law to combat predatory lending by mobile loan apps

MTN Rwanda

Digital app lending companies operating in Kenya are set up for a shake-up after the country’s central bank proposed new laws to regulate monthly interest rates levied on loans by digital lenders in a bid to stamp out what it deems predatory practices. If approved, digital lenders will require approval from the central bank to increase lending rates or launch new products. The move comes in the wake of mounting concern about the scale of predatory lending given the proliferation of startups offering online, collateral-free loans in Kenya. Unlike traditional…

Read More

Airtel Kenya launches a TV app service to tap into the streaming services market

Airtel Kenya has launched a TV app service to tap into streaming services market

Telecom firm Airtel Kenya has launched a TV app service in the market as it moves to tap the growing demand for movie streaming services and rev up data consumption on its network. The free service dubbed Airtel TV will allow users to watch movies, documentaries, music, and cartoons, seeking a piece in a market dominated by giants Netflix, Amazon, and Showmax– which provide videos on demand. The service will be free for now, a pointer that seeks to earn money from the consumption of data by its subscribers. The…

Read More

Reels, Instagram’s answer to TikTok debuts in over 50 Countries

Reels, Instagram’s answer to TikTok debuts in over 50 Countries

Instagram Reels, is launching globally, starting today is Facebook’s new effort to challenging TikTok on short-form creative content. The feature is being made available across 50 countries, including the U.S., as TechCrunch had previously reported. The expansion means Reels will now be available in key international markets, such as India, Brazil, France, Germany, the U.K., Japan, Australia, Spain, Mexico, Argentina and several others. The timing is fortuitous, given TikTok’s uncertain future in the U.S. as the Trump administration weighs either banning the Chinese-owned app entirely or forcing it to sell…

Read More

Facebook considering WhatsApp, Messenger Integration

The last year, Zuckerberg said he was planned to merge Facebook, Instagram and WhatsApp in a unique service. So, if you have a Facebook account, you might be able to reach your friends having WhatsApp. News report by WABetaInfo is that Facebook is considering integrating WhatsApp into Facebook Messenger. The report cited developer Alessandro Paluzzi, who found references within Facebook code regarding the integration of these Facebook-owned services. “In particular, Facebook is creating some tables in a local database in order to manage messages and services with other WhatsApp users,”…

Read More

Opera’s Opay Pulls Plug on ORide, OCar, Shifts focus to eCommerce & payments

Opera’s Opay Pulls Plug on ORide, OCar, Shifts focus to eCommerce & payments

News earlier in the week broke that Opera-backed Nigerian fintech startup, OPay has reportedly shut down all its business operations in Nigeria following a letter issued by its foreign investors amidst the poor economic climate caused by the COVID-19 pandemic.. A report claims that all verticals of the startup, including ride hailing, ORide and OTrike — which were still active in other states aside Lagos; the recently launched B2B and B2C eCommerce platforms, OMall and OTrade; OExpress for logistics; and food delivery feature, OFood will be closed down. Opay launched…

Read More

Online retail sales see their highest growth on record in April

Amazon CloudFront Edge

Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March before shelter-in-place restrictions went into effect. Online grocery helped drive the increase in sales, with a 110% boost in daily sales between March and April. Meanwhile, electronic sales were up 58% and book sales have doubled. The data comes from Adobe’s index of the digital economy, which analyzes more…

Read More

Kaspersky partners with Arctic Security

Kaspersky

Kaspersky has announced a new partnership with Arctic Security. Through this collaboration, Kaspersky Threat Data Feeds will be available out-of-the-box, on Arctic Security’s Arctic Hub platform. These feeds will help organisations with Security Operation Centers, as well as managed security service and internet service providers, to obtain the most up-to-date and relevant information about cyberthreats.  Not all information about cyberthreats is helpful. For instance, 37% of information security executives say that there’s too much security data to deal with and not very much of it is actionable – as revealed by…

Read More

Kenyan Industries Partner with Distributed Power Africa

DPA

Kenyan industries are set to benefit by saving a minimum of 30% on their current cost grid consumption following a partnership between Distributed Power Africa (DPA) and Canadian Solar company. Currently, Kenyan companies lose nearly 10% of their production because of power outages and fluctuations. The deal is expected to help DPA provide top tier PV panels from the company that is estimated to be over 60,000 KuMax and KiKu  which would quite easily construct 50 large industrial solar plants. The PV panels will be made available to DPA customers…

Read More

Glovo Launches a New Technical Center

Glovo

​Glovo, a technology company that links motorcycle riders to consumers wishing to buy and deliver products, has launched a new technical center in a bid to enhance its service levels to consumers and riders. The new facility dubbed “Glover Center” and a 2nd new Glovo operations facility in Westlands are set to create 75 operations jobs directly and help to improve the efficiency of service for Glovo customers and riders. Glovo can now provide faster and localized rider and customer support, and in turn faster deliveries. The move signals Glovo’s commitment…

Read More