Kenya

Microsoft and G42 Team on $1 Billion Kenya Data Center
Microsoft and G42 Team on $1 Billion Kenya Data Center
May 22, 2024  |  Technology

Microsoft and AI company G42 have teamed to build a $1 billion Kenya-based data center. The collaboration, according to a Wednesday (May 22) news release, marks the largest digital...

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Escaped Binance Exec Reportedly Located in Kenya
Escaped Binance Exec Reportedly Located in Kenya
April 22, 2024  |  Cryptocurrency

A Binance executive who fled Nigerian custody last month has reportedly been found in Kenya. Nadeem Anjarwalla, a British-Kenyan who is the cryptocurrency giant’s regional manager for...

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Report: FairMoney Looking to Acquire Umba, Expand in Kenya
Report: FairMoney Looking to Acquire Umba, Expand in Kenya
February 20, 2024  |  Digital Banking

FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and...

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Kenyan Lender Credit Bank to Raise $6.89 Million Through IPO
Kenyan Lender Credit Bank to Raise $6.89 Million Through IPO
August 28, 2023  |  IPO

Kenyan lender Credit Bank reportedly plans to raise 1 billion shillings (about $6.89 million) through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE). The move would...

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Report: African FinTech Flutterwave Planning an IPO
Report: African FinTech Flutterwave Planning an IPO
August 22, 2023  |  IPO

 Nigerian payments company Flutterwave is reportedly planning to go public. In an interview with Bloomberg News published Tuesday (Aug. 22), the company’s chief executive said it is moving forward...

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Kenya Is World’s First Nation to Suspend Sam Altman’s Worldcoin
Kenya Is World’s First Nation to Suspend Sam Altman’s Worldcoin
August 02, 2023  |  Cryptocurrency

Kenya’s government is worried about Worldcoin, OpenAI founder Sam Altman’s identity-focused cryptocurrency. The African nation’s Ministry of the Interior suspended Worldcoin’s operations in Kenya Wednesday (Aug. 2), amid a government investigation,...

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TerraPay and Safaricom Team on Cross-Border Payments
TerraPay and Safaricom Team on Cross-Border Payments
July 19, 2023  |  Cross Border Commerce

Payments infrastructure TerraPay has launched a cross-border remittance partnership with Kenyan telecommunications firm Safaricom. The collaboration, announced Wednesday (July 19), will operate through TerraPay’s remittance...

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How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
July 06, 2023  |  Digital Payments

In 2019, Meta CEO Mark Zuckerberg said it was time to simplify money movement and make sending money to someone as easy as sending a...

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M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa
M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa
May 15, 2023  |  Investments

M-KOPA has raised $250 million to expand its financial services offering across sub-Saharan Africa. The Kenya-based company will use the new debt and equity funding to...

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