Connect with us

Tech

4 Kenyan Startups Make It To Final Round Of Visa’s Everywhere Initiative

Leading fintech companies from the Sub-Sahara Africa (SSA) technology startup community have made it to the finals of Visa’s Everywhere Initiative, a global innovation program that tasks start-ups to solve commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners

Published

on

Leading fintech companies from the Sub-Sahara Africa (SSA) technology startup community have made it to the finals of Visa’s Everywhere Initiative, a global innovation program that tasks start-ups to solve commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners.

Among the 12 chosen, from the 238 total entries, Kenyan startups M-Changa, Mookh, WayaWaya and LipaPlus will compete against innovators from across Sub Sahara Africa for a chance to secure funding of up to US$50,000 to develop their ideas when the initiative concludes in Johannesburg on July 24.

Fintechs in Africa are making incredible strides; not only to bring more convenience to consumers, but also to enable people who would not otherwise have access to financial services or even a way to connect to the formal banking system.

Read Also: Ghana funds ten youth start-ups

Venture funding for African startups jumped by 51% to $195 million in 2017 and fintech in Africa is expected to grow exponentially in the next few years as it continues to disrupt the traditional financial sector.

Tech

Kenya’s Absa Bank launches ‘Change Your Story’ campaign to encourage digital banking

Published

on

Absa Bank Kenya has launched a new promo known as “Change Your Story” campaign aimed at encouraging customers to use digital channels and card payments.

Absa Bank Kenya Consumer Banking Director, Moses Muthui, who spoke during the launch of the campaign on Friday, said the initiative was part of the bank’s larger efforts to promote financial inclusion and improve user experience.

“The “Change Your Story” campaign is aligned to our brand promise and goes beyond rewarding our customers. It seeks to bridge the gap in digital banking among Kenyans, promoting a shift from cash heavy transactions to secure, convenient, and user-friendly digital and card transactions,” Muthui said.

“This initiative is one of many steps we are taking to support our customers’ stories by building a more inclusive financial ecosystem, where every transaction has the potential to transform lives. Through this, we are rewarding those who engage with us while simultaneously raising awareness of the benefits of card usage for both customers and non-customers.”

He added that the campaign which will run up to 31 December 2024, will feature grand prize draws, with three winners each walking away with KES 1 million.

“Additionally, there will be weekly draws offering shopping, dining, or weekend getaway vouchers throughout the campaign.

“As part of the campaign, customers will also win holidays to the Masai Mara, Ol Pejeta and Amboseli National Parks as well as trips to the Nairobi National Park and fine dining and fuel vouchers. The grand prize will be awarded monthly to three customers during the campaign.

“All current and prospective customers can participate by signing up for an Absa Card, and other digital channels and using them for their day-to-day transactions,” he said.

Continue Reading

Tech

Liquid Tech expands high-speed fibre connectivity across Kenya-Uganda corridor

Published

on

Liquid Intelligent Technologies has announced the expansion of its 1,300km high-speed fibre route connecting Kenya at the Mombasa point to Busia on the Ugandan border, which brings additional multi-terabit capacity and additional resilience to the region.

Adil El Youssefi, Chief Executive Officer of Liquid Intelligent Technologies, Rest of Africa, who made the announcement in a statement, said the high-speed route and the upgrades to the existing routes between Kenya and Uganda will enhance digital connectivity while supporting several other East African countries with greater efficiency and reliable regional connectivity.

“This expansion allows Liquid to offer 99.99% uptime availability of services between Mombasa and the Uganda border to its customers, further solidifying its role as a leader in the region’s digital transformation,” Youssefi said.

“This expansion is aligned with Liquid’s vision of a digitally connected Africa that leaves no one behind. The improved connectivity provided by this route, complementing our existing routes to the Uganda border, will support critical business sectors across the region, providing reliable, high-capacity networks essential for digital transformation and economic development.

Liquid’s investment also complements the Kenyan government’s digital transformation initiatives, contributing the infrastructure and connectivity needed to develop digital superhighways and digitise services.”

He noted that Kenya is emerging as a leading digital and connectivity hub in East Africa, with multiple undersea cable providers docking at the port of Mombasa.

“Liquid’s new fibre route complements its existing terrestrial fibre routes, rapidly expanding data traffic and further boosting the region’s connectivity capabilities.

“The new fibre route carries several terabits of data, making it a scalable option to meet the needs of Liquid’s retail, home, enterprise and wholesaler customers.

“It also positions Liquid’s East African operations well to support international hyperscalers entering the African market seeking to access the opportunities and growth that the continent has to offer.”

Continue Reading

EDITOR’S PICK

Metro12 hours ago

Uganda files lawsuit to remove property owners obstructing a regional pipeline

  Due to low-value payments, absentee landlords, and a complicated land ownership system in some areas of the country, Uganda’s...

Culture15 hours ago

Ghanaian stages one-man protest in support of LGBTQ+ rights

A Ghanaian activist, Texas Kadri Moro, has embarked on a one-man protest across Accra, the country’s capital, in support of...

Tech15 hours ago

Kenya’s Absa Bank launches ‘Change Your Story’ campaign to encourage digital banking

Absa Bank Kenya has launched a new promo known as “Change Your Story” campaign aimed at encouraging customers to use...

Sports15 hours ago

Tears as slain Ugandan Olympian is laid to rest with full military honours

There were uncontrollable tears and wailing as thousands of mourners turned out in eastern Uganda for the funeral of Olympic...

VenturesNow17 hours ago

Nigeria’s central bank issues deadline to PoS operators for use of aggregators

All point-of-sale operators are required by the Central Bank of Nigeria to route transactions through authorised payment terminal service aggregators....

Metro22 hours ago

Over 23,000 refugees seek asylum in Nigeria in 2024– UN Report

A report released on Friday by the United Nations Human Rights Council (UNHRC) has revealed that at least 23,465 foreign...

Culture1 day ago

Tyla picks another award at the MTV VMAs

South African Ampiano singer and songwriter, Tyla, has picked another accolade after winning Best Afrobeats award for her hit single...

Musings From Abroad2 days ago

US backs 2 permanent seats for Africa in Security Council

United States Ambassador to the UN, Linda Thomas-Greenfield, is set to announce the position that the US favours giving two...

Metro2 days ago

Media under siege: How political agendas threaten truthful reporting in Zambia

The fundamental principles of ethical journalism—objectivity, precision, accuracy, conscience, fairness, impartiality, humanity, transparency and serving the public interest—are crucial for...

VenturesNow2 days ago

Uganda begins operations at Kisumu port with fuel imports

Kenya’s efforts to revitalise the Kisumu port’s multimodal transport system to serve East and Central Africa are paying off, as...

Trending