Connect with us

Tech

Nigerian fintech startup, Kudi, changes name, becomes Nomba

Published

on

Nigerian fintech startup Kudi, will henceforth, be known as Nomba, as it transitions into an omni-channel payment platform which will provide enabling tools for businesses to grow.

The company, in a statement, said its change of name was necessitated by the expansion of its range of services to provide easy-to-use business tools for all kinds of businesses to accept, process and manage payments online and offline.

Co-founder of the the platform, Yinka Adewale, while expressing their delight in the way it has grown since its inception in 2017, said Kudi has enabled “underbanked and unbanked Nigerians to access basic financial services such as money transfers, bill payments and cash withdrawals through its agent network.”

“To further drive the expansion, the company has appointed two key new executives, Jeffrey Williams as vice president of business, and Toluwani Ijogun as vice president of brand, marketing and communications.

“Since our launch in 2017, our technology and insights have enabled merchants to earn and build successful businesses, transforming their own lives and that of others.

“Today, complimentary regulatory frameworks and well-thought-out partnerships with financial institutions have synergised to create an enabling environment for fintechs to chart the future of payments, making access to digital payment solutions ubiquitous,” said Adewale.

“These tools will offer more businesses of all sizes across Africa a distinct gateway into the digital economy, while enabling them optimise their operations.

“Over the next six months, Nomba plans to extend the penetration of its POS terminals across the country, giving more businesses access to technology that delivers real-time oversight of all business transactions whether they are a one-man business or a corporate, all on one dashboard.

“It also plans to expand its product offerings into invoicing, payroll management and other tools that boost the productivity of businesses,” he added.

Tech

Zambian Tech authority orders Airtel to compensate subscribers over poor services

Published

on

The Zambia Information and Communications Technology Authority (ZICTA) has ordered Airtel Networks Zambia PLC to commence the process of paying compensations to all its subscribers over poor and inefficient services.

According to local media reports, the mobile telecommunications giant has been experiencing network and service outages in most parts of the country which has led customers complaining about the poor services.

The agency, which has the mandate of overseeing the telecommunications industry in the country, gave the directives in a statement in Lusaka on Fruday through its Corporate Affairs Manager, Hanford Chaaba.

Chaaba said the payment of compensation to affected subscribers was in line with the approved compensation policy within five days from December 8.

“The Authority has also directed the network provider to, using all available platforms, immediately engage the public regarding the recent network outages and provide assurance of their resolution,” Chaaba said.

He added that the network provider had been further directed to urgently put in place measures that would ensure that such outages were averted, promising that the agency would increase its monitoring of the network.

In the statement, Chaaba encouraged members of the public to continue reporting any issues related to unavailability and quality of network or service.

He also urged Airtel to submit a longterm plan on how to improve it network resilience to the authorities.

“The Authority will actively monitor network performances of all services providers to ensure that the Quality of Service (QoS) guidelines are strictly adhered to,” Chaaba said.

Continue Reading

Tech

Egyptian online auto parts startup Mtor raises $2.8m funding

Published

on

Egyptian online auto parts startup, Mtor, has announced raising $2.8 million in pre-seed funding to enable it expand its product portfolio to digitise local car workshops in the country.

Co-founder and CEO of the startup, Mohamed Maged, who made the announcement, explained that with the funds which were secured from Algebra Ventures with participation from the Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital Management, and a number of local and global angel investors, the firm was set to expand its offering.

“With the new funds, we aim to become the most trusted partner for our mechanics by empowering them to better cater to the car owner’s needs in terms of quality parts and fast service,” Maged said.

“It can be a car owner’s nightmare to get their car serviced. Mtor was founded to fundamentally transform this reality and make the process easier and more efficient, empowering a layer of local car workshops that are well rounded with quality parts, a suitable price position, and a good customer experience.

“The local automotive aftermarket is inefficient with a fragmented and scattered supply chain. Workshops and mechanics face many challenges, including limited product availability, inaccurate fitment data, and a lack of price transparency.

“These issues inevitably trickle down to car owners, who are also faced with limited-service quality guarantees and a complex, time-consuming spare parts procurement process.

Mtor aims to overhaul this system through its controlled, tech-enabled marketplace, backed by its proprietary Mtor Mechanic app, where pricing, availability, and fitment data are reliably just a click away,” the CEO stated.

He added that the funds raised would be used to further grow Mtor’s product suite, digitise local car workshops, and eliminate major inefficiencies in the automotive spare parts supply chain in Egypt and the region.

Founded in 2022 by Maged, Moaz El-Megharbel, Mohamed Altaf, and Khaled Kandil, Mtor provides a unified platform for local car workshops and on-demand automotive spare parts at reasonable prices.

It has delivered over 70,000 orders, partnering with over 2,500 car workshops in the greater Cairo area, according to the company’s profile on its website.

Continue Reading

EDITOR’S PICK

Metro47 mins ago

Mass burial planned for victims of Zambian mine tragedy

The Zambian government has scheduled Monday, December 11 for a mass burial for nine miners who were retrieved from the...

VenturesNow2 hours ago

Nigeria not earning enough for its developmental needs— IMF

The International Monetary Fund (IMF) has stated that Nigeria is not earning enough revenue to support its developmental needs. Nigeria’s...

Politics17 hours ago

Zambian govt says no plan to remove Christian nation clause from constitution

Zambian Vice President Mutale Nalumango has maintained that the ruling party, the United Party for National Development (UPND), has adopted...

Strictly Personal18 hours ago

Zambia’s Fiscal Dilemma, State Compensation Ethics and Treasury Stability, By Misheck Kakonde

The recent judgments overseen by the Attorney General in compensating individuals like Hon. Mwaliteta, Hon. Frank Tayali, Mr. William Banda,...

Politics18 hours ago

Uganda begins withdrawal of troops from eastern Congo DR

Uganda has started the withdrawal of 1,000 troops deployed for a regional peacekeeping mission in the Eastern Democratic Republic of...

Behind the News19 hours ago

Behind the News: All the backstories to our major news this week

Over the past week, there were lots of important stories from around the African continent, and we served you some...

VenturesNow19 hours ago

Somalia secures $4.5bn debt relief from lenders

After a decade-long process of negotiations and reforms with creditors, Somalia has finally secured a $4.5 billion debt write-off from...

Metro19 hours ago

President Hichilema warns Zambian procurement officials against corruption in handling govt contracts

Zambian President Hakainde Hichilema has warned procurement officers handling government contracts against engaging in corrupt practices while carrying out their...

VenturesNow1 day ago

IMF advises Nigeria’s central bank to raise Monetary Policy Rate

The International Monetary Fund (IMF) has urged Nigeria’s central bank (CBN) to further hike Monetary Policy Rate (MPR). The IMF...

Metro1 day ago

Nigeria’s VP Shettima admits hardship, poverty, pleads for patience

Vice President Kashim Shettima of Nigeria has become the first official in the President Bola Tinubu’s administration to admit that...

Trending