Rocket Internet’s Jumia made a €92 million loss in 2016

Rocket Internet’s Jumia made a €92 million loss in 2016

The Berlin-based startup consortium Rocket Internet shrunk its losses and boosted sales in its key startups. The investors are betting that Rocket improve its businesses after criticizing the startup incubator’s reporting for a lack of transparency and questioning Chief Executive Officer Oliver Samwer’s ability to turn profits from units that operate in commodity sectors in challenging markets. The CEO has vowed to make three businesses profitable by the end of the year, a target the…

Read More

Orange Bank to go online as Telkom Kenya replaces Orange Money

Orange Bank to go online as Telkom Kenya replaces Orange Money

The French telco Orange is launching a bank late this year in France. According to media reports, Orange CEO Stéphane Richard listed some of the features behind Orange Bank this morning at a press conference. Users will be able create an account in an Orange store or online for free and you don’t have to be an Orange customer. Some of the features include ability to control your payment card directly from your phone. All…

Read More

Nairobi Hosts FT Africa Payments Innovation Summit

Nairobi Hosts FT Africa Payments Innovation Summit

The FT Africa Payment Innovation Summit will be held tomorrow in Nairobi at the Radisson Blu Hotel and speakers include, Patrick Njoroge Governor Central Bank of Kenya, Bob Collymore, CEO Safaricom,  Jeremy Awori Chief Executive Officer Barclays Kenya and will be moderated by experts that include:  David Pilling Africa Editor Financial Times,  John Aglionby, East Africa Correspondent Financial Times and Joy Macknight Deputy Editor The Banker The theme of the event is “Enhancing interoperability, security…

Read More

Apple, Facebook, Google, Microsoft, 97 Tech firms file Amicus Brief To Block Trump’s Travel Ban

Apple, Facebook, Google, Microsoft,  97 Tech firms file Amicus Brief To Block Trump’s Travel Ban

Nearly 100 Tech companies including Apple, Facebook, Google, Microsoft, Github, Uber, and Lyft have asked  the Federal Court to Block Trump’s travel ban. President Trump’s ban on immigration targeted seven majority-Muslim nations namely Iraq, Iran, Yemen, Libya, Somalia, Sudan and Syria.  The companies have termed the executive order unlawful, discriminatory and arbitrary and saying that it would hurt their businesses. Extra Read: Apple vs FBI: Google, Microsoft, Facebook, Amazon, Twitter, Tech Giants Join In To Fight…

Read More

Uber App Downloads Take Huge Hit after #DeleteUber Campaign, Lyft Benefits

Uber App Downloads Take Huge Hit after #DeleteUber Campaign, Lyft Benefits

The ride-sharing app Lyft which is so far the strongest competitor of Uber has benefited with more downloads from a huge hit that Uber  has taken following the viral #DeleteUber campaign. Lyft has now for the first time in the U.S. on Sunday recorded more downloads than Uber on iOS App Store. Quick Read: Uber Cab Disruption, How Local Taxi Industry Can Fight Relegation The apparent unrest toward Uber flared after the taxi hailing app…

Read More

Ringier Africa’s Cheki Kenya launches WhatsApp chat for real-time support

Ringier Africa’s Cheki Kenya launches WhatsApp chat for real-time support

Number one car selling website Cheki.co.ke has unveiled a WhatsApp broadcast in a move to cater for customer needs in real time and boosting customer satisfaction Extra Read: Uber Cab Disruption, How Local Taxi Industry Can Fight Relegation The website that belong to Ringier One Africa Media’s car Club will allow consumers to interact and interact on everything cars including, new car purchases, ownership, and maintenance. The WhatsApp chat line will broadcast alerts on new…

Read More

Nigerian top blogger takes on Facebook with own social network that pays users

Nigerian top blogger takes on Facebook with own social network that pays users

Nigeria is Africa’s most populous nation and with it one of the top bloggers, Linda Ikeji who remains of the continents known famous news and gossip tabloid writers. Extra Read: Young African Student declines work at Microsoft and Google to build BAE dating app for black singles Ikeji’s popular Nigerian blog which boasts of approximately 7 million page hits daily is now 10 years old, when she was modeling, and came across a blog post…

Read More

Like Vodacom, MTN Terminates Mobile Money Service in South Africa

Like Vodacom, MTN Terminates Mobile Money Service in South Africa

South African telco operator MTN Group has decommissioned its mobile money services, the company says it was not a viable business in a population where approximately three quarters of the citizens already has a bank account. MTN Groups action to pull the plug on mobile money comes only four months after its South African competitor Vodacom SA pulled killed of its mobile payments platform M-Pesa citing the same reasons of lack of market. MTN SA…

Read More

Visa and Banks Launch mVisa Interoperable Mobile Payments Service to rival M-pesa

Visa and Banks Launch mVisa Interoperable Mobile Payments Service to rival M-pesa

Four Kenyan banks have teamed up with Visa Inc., the world’s largest payments network to launch mVisa  a mobile-phone application to enable cashless transactions in Kenya. The strategic move into the mobile money space will bring competition to M-Pesa offered by safaricom, Kenya’s largest telco. Banks that have adopted the service in its inaugural offering in Kenya include KCB Group, Co-operative Bank of Kenya Ltd, Family Bank, KCB and NIC Bank. According to Visa’s Emerging…

Read More

You can now fly an Uber Chopper in Kenya

You can now fly an Uber Chopper in Kenya

Uber has upped its game literally, the online Cab hailing firm is introducing a new package in to its Uber app. Now you can fly an Uber chopper to your destination. In a statement released on their website today, Uber have partnered with Corporate Helicopters to make Uber Chopper happen. And it will launch on Sunday, September 4. Quick Read: Uber attracts Nairobi with a 35% Cab Fare Slash to beat competition Uber says “We’re…

Read More
1 2 3 5