Connect with us

Tech

Kenyan Diamond Trust Bank partners with Mastercard to offer fintechs payment solutions

Published

on

Kenyan Diamond Trust Bank (DTB) has announced a strategic partnership with Mastercard that will enable the bank to provide payment cards for fintech companies in the country.

Announcing what it calls the first of its kind agreement in the eastern African region on Friday, the bank said the partnership will see tech-enabled companies to issue their own card propositions through DTB, using Mastercard’s technology.

“The agreement will also enable DTB to process and settle payments in a faster, more convenient, cost-effective and regulated way as it works to increase its footprint in Kenya,” Nasim Devji, DTB’s Group Chief Executive Officer, stated,
during the signing ceremony in Nairobi.

Devji said the agreement will also improve the reach and ability of fintechs, edu-techs and health-techs to accept or make card payments securely and swiftly.

“This landmark agreement is the latest partnership between DTB and Mastercard in East Africa with the bank exclusively issuing Mastercard payment cards in Kenya, Uganda, and Tanzania,” he said.

“We are delighted to partner with Mastercard on this groundbreaking agreement. We have had a long and fruitful relationship with Mastercard and welcome this opportunity to support innovation in the financial sector.”

“We believe that this partnership will not only enable us to enhance our service offering, but also contribute to the development of a more inclusive and advanced digital payment ecosystem in East Africa,” Devji added.

Tech

Safaricom Ethiopia launches 4G network in Gambella

Published

on

Ethiopia’s second largest telecom provider, Safaricom Telecommunications Ethiopia P.L.C., has announced the official launching of its 4G network services in Gambella and other surrounding areas.

The launching of the 4G network in the region, according to Safaricom Ethiopia CEO, Wim Vanhelleputte, highlighted the significant impact that enhanced telecommunications infrastructure could have on the region’s social and economic progress.

“In line with our commitment to digital education, Safaricom Ethiopia donated 20 laptops and 4 routers, including six months of free internet, to two high schools in Gambella City, supporting digital literacy and educational opportunities for local students,” Vanhelleputte stated.

Vanhelleputte reaffirmed Safaricom Ethiopia’s commitment to expanding its reach and ensuring that more regions gain access to reliable and high-speed internet.

“The introduction of the 4G network in Gambella is designed to deliver significant advantages to the local community,” he said .

“Enhanced connectivity will open doors to better access to information, education, and healthcare services. Additionally, it will create new opportunities for businesses and entrepreneurs, driving economic growth and development within the region.

“Safaricom Ethiopia’s move into Gambella aligns with its broader strategy to extend 4G coverage to more areas, furthering its mission of fostering nationwide connectivity,” the CEO added.

Alemitu Oumud, President of the Gambella Region who also spoke at the event, stated that, enhanced infrastructure is driving positive social and economic growth in our region.

“We commend Safaricom Ethiopia for its contributions to job creation, improving connectivity, and making Gambella a more attractive destination for investment,” Oumud said.

He stressed the potential of the new 4G network to drive business activities, attract investments, and foster entrepreneurship in the region.

Continue Reading

Tech

Facebook returns to Uganda after 4-year ban

Published

on

After four years of being in the cooler as a result of suspension by government, Facebook, now Meta, is making a return to Uganda after prolonged negotiations saw the Ugandan government reverse the ban it placed on the platform since 2021.

The suspension of the social media platform had stemmed from accusations by the government that Facebook was meddling in the country’s political affairs during the 2021 presidential elections which arose after it deleted government-affiliated accounts for allegedly spreading disinformation.

This ban of Facebook has led to widespread disruptions across the nation, affecting not only political discourse but also personal connections and business operations.

But according to reports, with a potential re-launch on the horizon for December 2024, Facebook’s comeback could be a game-changer with approximately 2.5 million Ugandans poised to reconnect on the platform, while the Uganda Revenue Authority stands to gain financially from its revival just as businesses, especially smaller enterprises, stand to benefit from advertising incomes.

Continue Reading

EDITOR’S PICK

Metro14 hours ago

Niger citizen knocks President Tchiani for neglecting critical issues at home to peddle rumours against Nigeria 

A citizen of Niger Republic has slammed the country’s military leader, President Abdourahmane Tchiani, for neglecting critical issues facing the...

Culture22 hours ago

Moroccan tourist arrivals hit record-breaking 16 million

The year 2024 has seen Morocco celebrate a record-breaking 16 million tourist arrivals, surpassing the 12 million mark set in...

Tech22 hours ago

Safaricom Ethiopia launches 4G network in Gambella

Ethiopia’s second largest telecom provider, Safaricom Telecommunications Ethiopia P.L.C., has announced the official launching of its 4G network services in...

Sports22 hours ago

Dumping England for Nigeria the best decision of my life— Ademola Lookman

Current African Men’s Footballer of the Year, Ademola Lookman, has attributed his rise in the football echelon to his decision...

Metro2 days ago

Zambian NGOs rate President Hichilema’s reforms as not far-reaching

Two Non-Governmental Organizations (NGOs) in Zambia, the Transparency International-Zambia (TI-Z) and the Continental Leadership Research Institute (CLRI), have rated the...

VenturesNow2 days ago

IMF, Egypt reach agreement for fourth review of Egypt’s $1.2 billion loan request

Egypt and the International Monetary Fund (IMF) have reached a staff-level agreement over the fourth review of the Extended Fund...

VenturesNow2 days ago

Libya’s eastern govt accepts petrol subsidy elimination

In a recent statement, the eastern government of Libya claimed it had reached a consensus on a plan to eliminate...

Musings From Abroad2 days ago

World Bank suspends loan fees for impoverished countries

To lower borrowing costs for vulnerable nations, the World Bank has announced the elimination of several loan fees. The action...

Politics2 days ago

Mozambique’s top court affirms governing party’s victory in recent election

The highest court in Mozambique affirmed Monday that the incumbent Frelimo party won the October election, sparking widespread demonstrations from...

VenturesNow2 days ago

Nigeria resumes mining in Zamfara state

According to the mining minister, Nigeria has removed a five-year restriction on mining exploration in the northwest state of Zamfara,...

Trending