East Africa: Multichoice Injects Kes.57b to Kenyan Economy Between Fy15/16 and Fy 18/19

MultiChoice, recently released an independent socio-economic impact report via Accenture documenting its contribution to the Kenyan economy as part of creating shared value and long-term commitment to Kenya. Accenture conducted the economic impact study outlining the $573.8M contribution MultiChoice Kenya has made directly and indirectly to the Kenyan GDP between the period 1 April 2015

Tanzania: Can Airtel Tanzania’s New Feature Take Over Mobile Money Services?

Tanzania’s smartphone’s network–Airtel Tanzania, has ushered a new mobile money service branded “Send With a withdraw fee”, emerging with a rather customized competitive advantage within the growing mobile money industry in Tanzania. According to Tanzania Communications Authority (TCRA) June quarterly statistics, there are over 22.9 million mobile money accounts in Tanzania, responsible for around 260

Kenya: Collaboration Is Key to Battling Fraud in Banking Sector

Owing to the technological advancements the Kenya has made, the rise of fraud levels has escalated, leading to diverse initiatives being deployed to combat this recurring menace, says Mr. Lanre Bamisebi, Group CIO at Equity Bank limited. According to Bamisebi, one of the largest drawbacks towards the fourth industrial revolution is fraud. As the industry

Kenya: Farmers Mix Tradition With Tech to Protect Drying Mara River

Ilula — Using a new digital system, farmers can report violations of water use – and get an idea what might lie ahead for river levels Anyone hearing the loud singing coming from Isaac Chereger’s farm would be forgiven for thinking it was a particularly enthusiastic church gathering. Instead, it was a group of women

Kenya: Paxful’s Mobile Wallet App Eases Access to Bitcoin in Kenya

As a global peer-to-peer bitcoin marketplace that has scaled its operations to include Kenya and the broader East African region, Paxful has recently launched a mobile wallet app to enhance ease of bitcoin transactions in Kenya. The mobile app, which is the first of its kind in the peer-to-peer bitcoin trading space, will allow users

Kenya: MPC Retains the 9 Percent Credit Lending Rate in Kenya

The Central Bank (CBK) lending rate of 9% has been retained as announced in a meeting held on September 23, 2019 by the Monetary Policy Committee ((MPC). MPC reported that month-on-month overall inflation remained within the target in July and August 2019 as it fell to 5 percent in August from 6.3 percent in July.

Kenya: MPC Retains the 9 Percent Credit Lending Rate in Kenya

The Central Bank (CBK) lending rate of 9% has been retained as announced in a meeting held on September 23, 2019 by the Monetary Policy Committee ((MPC). MPC reported that month-on-month overall inflation remained within the target in July and August 2019 as it fell to 5 percent in August from 6.3 percent in July.

Kenya: Tifa Research Pitches Passive Research As the Next Stage of Understanding Audience Behavior – Panel Members No Longer Self-Report or Recall

London — The increase in the use of smartphones is beginning to revolutionize African TV audience research. Kenya’s TIFA Research has been pioneering passive research as a way of improving how to understand Kenya’s TV audience. Russell Southwood spoke to Maggie Ireri, Founder and Director of TIFA Research and Kelvin Masika, its ICT and Innovations

Kenya: Telkom Hits Out At Safaricom Over Merger Plans With Airtel

Telkom Kenya has accused market leader Safaricom and the Ethics and Anti-Corruption Commission (EACC) of frustrating its merger plans with Airtel. In a rare public spat, the telco says Safaricom wants to delay the process that seeks provide customers with more credible options. CLAIMS “Does the dominant player not want to see this sector grow?

Kenya: Develop ICT Hubs to Create More Job Opportunities for the Youth

A recent report showed that Kenya’s internet speed is the fastest in Africa and Middle East. The country has an impressive average of 15mbps (megabytes per second) followed by Israel at 14.4mbps, South Africa had 6.6 mbps, Morocco (5.2 mbps) and Nigeria (4.1 mbps). The fast internet has created many income-generating opportunities for thousands of