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Press release: BBOXX and GE partner to provide energy access in the Democratic Republic of Congo
“We are excited to partner with BBOXX to enable energy access in the DRC. GE’s Hybrid Distributed Power system offers flexibility to deliver fast, reliable power with a digital backbone found in utility scale power plants,” said Brian Selby, Managing Director of Licensing at GE.
- Source
- Press release
- Categories
- Energy
- Region
- Sub-Saharan Africa
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What the launch of BebaBeba could mean for Kenya’s taxi industry
Over the years, the surge in the number of taxi-hailing companies in Kenya has been tremendous, and so has the competition in the taxi industry as a whole. BebaBeba will now compete in a market already saturated and controlled by taxi-hailing giants, Uber, Taxify and Safaricom Little cab.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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Ghana Receives Support to Strengthen its Financial Sector and Promote Inclusion
“This project will support Government’s plan to undertake reforms to deepen financial markets, promote inclusion, enhance the supervision and regulation of specialized deposit-taking financial institutions in line with Ghana’s National Financial Inclusion and Development Strategy,” said Henry K.G. Kerali, World Bank Country Director for Ghana.
- Region
- Sub-Saharan Africa
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Safaricom shares fall after new tax sets in
The Bill will see Kenyans pay more for internet and mobile money transfer - two of the biggest revenue streams for the giant firm.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Africa’s fintech startups are innovating out of need and global investors are backing them
After pulling in almost a third of total funding raised by startups on the continent in 2017, the hot streak for African fintech businesses has continued this year. Among recent big-ticket deals in 2018, Cellulant, a digital payments solution company, raised $47.5 million in one of the largest Series C rounds for a solely Africa-focused venture-funded company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Interview: The African youth boom: what’s worrying Bill Gates
The philanthropist warns that stability in Africa makes a huge difference to the world, and that investing in the health and education of its young people is vital.
- Region
- Sub-Saharan Africa
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Nestlé and Ashoka advance Social Investment Accelerator Programme
Nestlé and Ashoka on Tuesday announced the commencement of a social investment accelerator programme that seeks to advance social entrepreneurship and boost economic development in Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- accelerators
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Kenyan president proposes tax hike on money transfer services
Kenya’s biggest mobile phone operator Safaricom said in June it is opposed to a proposed tax rise on mobile phone-based transfers, arguing that it would likely mostly hurt the poor, most of whom do not have bank accounts and rely on mobile transfer services such as Safaricom’s M-Pesa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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