TPG Growth acquires stake in Kenya’s Cellulant for $47.5 million

TPG Growth acquires stake in Kenya’s Cellulant for $47.5 million

Africa’s fintech industry has won another big gold mine investment score after the Rise Fund, an impact fund run by private equity group TPG Growth, made its African first, leading a $47.5m deal to buy an unspecified stake in digital payments provider Cellulant. The deal, according to the Rise Fun, also included Endeavour Catalyst and Satya Capital, is the largest involving a fintech company that does business only in Africa. “Much of the [fintech investment]…

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Fezile Dhlamini was rejected by Uber & Taxify ten times, It inspired him to launch Green Scooter in South Africa

Fezile Dhlamini was rejected by Uber & Taxify ten times, It inspired him to launch Green Scooter in South Africa

Entrepreneurship is one of the biggest buzzwords in today’s vocabulary, almost every youth is looking to be the new Bill Gates, Steve Jobs or even nearer home Aliko Dangote, Strive Masiyiwa. Rarely have such opportunities come by on a silver platter, some like the amazing story of our entrepreneur of the Month Fezile Dhlamini, the Founder and Managing Director of South Africa’s only Green Scooter (PTY) Ltd truly inspire. Fezille set out to tell us how…

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Jamii Telecom becomes 5th Telco to launch 4G mobile network in Kenya

Jamii Telecom becomes 5th Telco to launch 4G mobile network in Kenya

Kenyan Internet service provider Jamii Telecom has launched its mobile service named Faiba 4G Mobile, becoming the 5th telecom operator to be licensed in the country. Jamii Telecom has reportedly invested US$25m into its infrastructure and its service includes mobile internet bundles that compete directly with current market heavyweights Safaricom, Airtel Kenya and Telkom Kenya. The telecom company’s bundles are priced at Kshs 50 for 1GB, Kshs 300 for 8GB up to 210 GB for…

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GSMA says shared infrastructure inhibits effective competition

GSMA says shared infrastructure inhibits effective competition

The GSMA has released the findings of a new report, “Wholesale Open Access Networks”, which examines the performance of the wholesale open access network (WOAN) model (also known as single wholesale network or SWN) in five markets around the world: Kenya, Mexico, Russia, Rwanda and South Africa. The report follows up on a 2014 study that assessed the potential economic case for implementing the wholesale network model, found that, in the countries examined, there was…

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DSTV Criticized for x-rated content on Cartoon Network

DSTV Criticized for x-rated content on Cartoon Network

DSTV is in the center of criticism after a photo depicting an adult scene was shared on social media. The company DStv Kenya, through their official Twitter handle, said it is aware of the picture which purportedly shows inappropriate content on Cartoon Network. The company said in a statement “We can confirm without hesitation that these images are not authentic and have never been broadcasted or shared on any official Cartoon Network platforms in Africa…

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Facebook Kills AI Robot because it ‘invented its own language’

Facebook Kills AI Robot because it ‘invented its own language’

Facebook has reportedly killed an AI they invented after it taught itself a new language. The artificial intelligence system being developed at Facebook created its own language and would probably have been unpredictable. It developed a system of code words to make communication more efficient. Researchers shut the system down when they realized the AI was no longer using English.  According to Metro UK, the researchers noticed that Artificial Intelligence they had created has started…

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Amazon’s Jeff Bezos beats Bill Gates as world’s richest person briefly after shares surge

Amazon’s Jeff Bezos beats Bill Gates as world’s richest person briefly after shares surge

The founder Amazon, Jeff Bezos momentarily beat Microsoft Founder Thursday morning as the world’s richest person. The result was due to a spike in the Amazon.com Inc. shares. This advance of the online retailer’s earnings report briefly propelled to make him top richest person. Shares of the online retailer fell 0.7 percent to $1,046 at 4 p.m. in New York, after surging as high as $1,083.31 four hours earlier, the climb gave Bezos a net…

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Bunifu CTO wins Microsoft Most Valuable Professional (MVP) Award

Bunifu CTO wins Microsoft Most Valuable Professional (MVP) Award

The CTO of Kenya’s tech start-up Bunifu Technologies Kimutai Kipng’etich, has won Microsoft MVP (Most Valuable Professional) for the Visual Studio and Development Technologies award category The company has designed first Kenyan Antivirus and possibly the first in Africa. Bunifu Antivirus has won two major national accolades since it was officially launched. In 2015, it was awarded the best Innovative product at the National Science Week exhibition championed by National Commission for Science Technology and…

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90% of Kenyans have consumed fake news about 2017 general election

90% of Kenyans have consumed fake news about 2017 general election

Fake news gained viral prominence during the recent US presidential campaign. For the first time, deliberately false news stories, or fake news, appeared to influence the outcome of an election. Research showed that fake news stories were more widely shared on Facebook than mainstream news items. A research and strategic communications consultancy Portland in collaboration with, a mobile surveying platform GeoPoll has released findings on Fake news in Kenya. According to the research that 90percent…

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Sunrise Period for the .Ke Second Level Domain set for July 23 by KeNIC

Sunrise Period for the .Ke Second Level Domain set for July 23 by KeNIC

The Kenya Network Information Centre (KENIC) the entity charged that manages and the administrators of the .Ke Country Code Top-Level Domain (.ke ccTLD) name is announcing the launch of .Ke Second Level Domains. The second-level domain (SLD) is the portion of the domain name that is located immediately to the left of the dot and domain name extension. In the case of .Ke domain which is a  country code second-level domain (ccSLD) for Kenya, the…

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