Sophia Bekele DotConnectAfrica Group CEO honored with Awards Across Multiple Continents

Sophia Bekele DotConnectAfrica Group Founder and CEO, also of US-based CBSegroup was honored with multiple awards across continents. Sophia Bekele was honored with the Silicon Valley’s Women of Influence (WOI) Award and the CEO Today Africa Awards. The Women of Influence award “recognizes established business leaders who have accomplished specific achievements in the business world in this innovation region women with a strong record of innovation in their fields, outstanding performance in their businesses, and a clear track record of meaningful community involvement. Women from every industry and profession who…

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Tangerine: Africa’s No.1 tech-driven financial solutions provider

Leading financial services and technology platform, Tangerine officially launched on Wednesday 7th July 2021. In September 2019, Tangerine was established following the acquisition of a 100% equity stake in Metropolitan Life Insurance Nigeria by Verod Capital Management, a leading private equity firm investing in growth companies across Anglophone West Africa. Today, Tangerine is positioned to be Africa’s preferred one-stop financial solutions provider, leveraging a tech-driven, flexible, high-access platform to drive business across all the financial services segments in Africa to deepen financial inclusion, facilitate wealth creation, and protection. In under…

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Maviance: a cameroon based company raises 3m to digitize financial services across central Africa

Maviance, a Cameroon-based company providing digital financial services like agency banking and bulk bill payments, has raised $3 million in equity financing. The investment is solely from MFS Africa, the cross-border fintech company connecting mobile money providers like MTN to banks like Ecobank across over 34 countries in Africa. MFS Africa’s investment gives it an undisclosed minority stake in Maviance. Maviance’s flagship product is Smobilpay, a platform that integrates payments solutions from banks, mobile money operators and telecoms operators. Smobilpay is connected to GIMAC, the interoperability switch of the Bank…

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African fintechs patnerships to interlink mobile money and digital assets

The Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX), and KOINON, the global Digital Coin and Token based payment platform, are pleased to announce a collaboration. The collaboration will foster the intersection of African B2C and B2B payments and dynamic asset conversion between fiat currencies, cryptocurrencies and a broader range of digital assets. This initiative comes at a key time in the mobile payments industry growth. As evidenced by Mastercard’s recent $100million investment in Africa’s Airtel which focuses on mobile payments and financial inclusion. latest partnership combines KOINON’s cryptocurrency digital payment…

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Microsoft adds new Transcribe in Word feature

Microsoft Office 365 Transcribe in Word

Microsoft is adding an audio transcription feature into Word for the web today. Transcribe in Word will appear in the online version of Word for Microsoft 365 subscribers, providing an easy way to automatically transcribe audio. Microsoft is supporting existing audio files, or even the ability to record conversations directly within Word for the web and have them automatically transcribed. Once a conversation is transcribed, Microsoft’s AI will separate out each speaker and break the conversation into sections that are easy to playback, edit, and insert into a Word document.…

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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…

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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…

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Toshiba Quits Laptop Business, Sells Remaining Stake To Sharp

Toshiba

Japanese tech giant Toshiba, once well-known for its satellite range of laptops meant for heavy use, has finally decided to quit the laptop business. Toshiba has quietly sold its remaining 19.9 percent stake in its Dynabook laptop brand to Sharp, officially exiting the laptop business. The company earlier sold the 80.1 percent stake to Sharp in 2018. “Toshiba Corporation hereby announces that it has transferred the 19.9 percent of the outstanding shares in Dynabook that it held to Sharp Corporation. As a result of this transfer, Dynabook has become a…

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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…

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Telkom Kenya pulls the plug on merger with Bharti Airtel

Telkom Kenya

Telkom Kenya said on Wednesday it was no longer looking to merge its business with the Kenyan unit of India’s Bharti Airtel, citing challenges of securing the required regulatory approvals for the deal reports Reuters. Bharti Airtel had said in February 2019 its Airtel Networks Kenya unit had agreed to buy Telkom Kenya, the East African nation’s smallest operator in which the state still has a 40% shareholding, after a majority stake was sold in 2007. The deal, whose terms have never been disclosed, would have created a stronger challenger…

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