BusinessNairobi hub certifies 15 tech and AI firms, eyes Sh26bn
Kenya's Nairobi International Financial Centre has certified 15 firms in AI, fintech, digital assets, and capital markets, with projected investment of about Sh25.9 billion.
Business
Fintech
Digital finance, payments, and the companies moving money around.Business
BusinessGovernment banks Sh244.5bn from the Safaricom sale
Kenya has received about Sh244.5 billion from the Vodacom Safaricom transaction, with the money headed into the National Infrastructure Fund.
BusinessVodacom takes majority control of Safaricom
Vodacom now controls about 55% of Safaricom after completing a $2.1 billion transaction, while Kenya's government keeps a 20% stake.
BusinessAirtime credit is back for millions of Nigerians
Airtime and data lending has resumed in Nigeria after a suspension linked to FCCPC digital-lending rules and a court fight.
BusinessKenya's microfinance banks face a capital squeeze
Kenya's proposed microfinance rules could raise the capital floor for smaller lenders and push consolidation across the sector.
BusinessRwanda's development bank backs early-stage tech
The Development Bank of Rwanda is setting up a debt fund for early-stage technology and high-growth startups under Rwanda's digital acceleration work.