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Visa partners Copia to deliver digital finance services for low-income Kenyan households

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Multinational payment card services provider, Visa, has teamed up with Kenyan last-mile delivery and e-commerce platform, Copia Global, to launch a digital financial services platform targeted at middle to low-income consumers in the country.

The strategic five-year partnership which was announced on Friday will see the two partners provide a digital wallet that brings together shopping and financial services into one user-friendly platform.

Speaking on the partnership, Evelyn Wangari, Director Financial Services at Copia Global, said the Copia Super-app would enable consumers to not only shop and pay but also to save and borrow.

“Customers will be able to fund their digital wallets, shop for household goods, pay in flexible ways and access additional financial services such as “Buy Now Pay Later’ credit, ‘Save Now Buy Later’ savings, build a credit score, and benefit from Visa’s loyalty solutions.”

“The partnership and rapid digitization of customers creates a huge opportunity for Copia and Visa to bank the unbanked with previously inaccessible financial services, solving financial inclusion for the mass market in Africa,” Wangari said.

She added that the partnership would enable Kenyans in the diaspora to remit funds directly into the Copia wallet for purchases of essential goods and services back home.

Also speaking, Visa Kenya Country Manager, Eva Ngigi-Sarwari, said Copia’s e-commerce platform provided the perfect springboard for Visa to bring financial services to the mass market.

‘’Copia’s network of customers, agents and delivery sub-contractors will benefit from Visa’s capabilities on contactless payments, remittances, and loyalty solutions,’’ she said.

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Cut to undersea cable causes internet disruptions across East, Southern Africa

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Internet services across East and Southern Africa have suffered outages following undersea submarine cable cuts on Sunday.

According to the Group CTIO at Liquid Intelligent Technologies, Ben Roberts, in a post on X on Monday, the faults have been reported in the Eastern Africa Submarine Cable System (EASSy) and the Seacom cables.

Though details of the fibre cut are still unclear, Roberts said three crucial submarine cables in the Red Sea, the Seacom, EIG, and AAE1, suffered cuts and remain unrepaired, leading to the widespread outage.

“We have experienced an outage on one of the undersea cables that deliver internet traffic in and out of the country,” Roberts said.

“We have since activated redundancy measures to minimise service interruption and keep you connected as we await the full restoration of the cable. You may, however, experience reduced internet speeds,” he added.

Four of the nine subsea cables that connect countries like South Africa to the rest of the world were reported as damaged due to incidents on either side of the continent.

In Kenya, this latest outage seems to have affected service providers like Safaricom, Airtel and Telkom Kenya. Safaricom said has since activated redundancy measures to minimise service interruption and keep users connected, according to reports.

Other East African countries affected by the cut are Tanzania, Burundi, Uganda, and Rwanda.

This is the second time Africa has experienced a major fibre cut this year. In March, a suspected underwater rock slid off the coast of Cote d’Ivoire resulting in several submarine cables being offline which affected over 13 West African countries with greater impacts felt in Nigeria, Ghana and Senegal.

The affected cables included Africa Coast to Europe (ACE),
SAT-3 – Submarine Atlantic 3/West Africa Submarine Cable, WACS – West Africa Cable System and MainOne.

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Oracle to increase research, development investments in Morocco

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Global IT vendor, Oracle, has announced plans to expand its research and development (R&D) capabilities in Morocco by growing its local workforce to 1,000 information technology (IT) professionals.

Safra Catz, CEO of Oracle, who made the announcement on Friday, said the investment in the North African country will accelerate the development of Oracle’s cutting-edge technologies that help solve customer challenges worldwide.

“Oracle’s R&D center in Casablanca has already played a critical role in creating technical breakthroughs, enhancing cybersecurity, and delivering impactful new AI capabilities,” said Catz.

“By expanding our R&D presence in Morocco, we can further tap its deep talent pool to accelerate development of solutions that help our global customers grow their businesses and win in their industries,” he added.

Ms. Ghita Mezzour, Morocco’s Minister of Digital Transition and Administration Reform who signed the Memorandum of Understanding (MoU) on behalf of the government, said:

“This ambitious project falls within the strategic and comprehensive Royal Vision of His Majesty King Mohammed VI who called on encouraging Moroccan youth innovation and creativity.

“At this cutting-edge center, young Moroccans will be at the forefront of designing and developing innovative solutions, covering the latest technologies such as artificial intelligence, big data, cloud computing and cybersecurity.

“These solutions will be deployed on a global scale, thus strengthening Morocco’s positioning as a regional digital hub.”

Oracle’s expansion follows the opening of its Morocco Development Center facility at Casanearshore Park in Casablanca, where researchers use Oracle’s cloud, AI, and machine learning technologies to tackle the most pressing challenges facing business, science, and the public sector.

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