Financial & Tech

Google Unveils $10M Grant to Kenya for Post Covid-19 Recovery

Google Unveils $10M Grant to Kenya for Post Covid-19 Recovery

American tech giant Google has announced a 10 million US dollar package to support Kenya’s post Covid-19 recovery efforts. The announcement was made Wednesday evening by Google’s Chief Executive Officer Sundar Pichai during a virtual meeting with President Uhuru Kenyatta on the sidelines of a public discussion on digital transformation in Africa organised by the […]
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PesaLink appoints Gituku Kirika as CEO

PesaLink appoints Gituku Kirika as CEO

Banking industry’s instant payment service PesaLink has announced the appointment of Gituku Kirika as Chief Executive Officer. Gituku takes over from Agnes Gathaiya. Over 6 million Kenyans have moved in excess of Ksh 200 billion across the 25 plus participating banks since PesaLink was launched by IPSL and KBA in 2017. Gituku has extensive banking and […]
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Sendy, AfyaPoa partner to provide health insurance for its drivers

Sendy partners with Afyapoa to provide health insurance for its drivers

Logistics platform Sendy has announced that it will be providing health insurance for its drivers through Afyapoa health financing scheme. This makes it the first digital marketplace provider to extend health benefits cover to its driver-partners and their families. In a statement, the firm’s Chief Operations Officer Ambrose Nyangao says the partnership with Insurance For […]
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Kenyan AI startup Gro Intelligence raises $85m in Series B funding

Kenyan AI-powered insights startup Gro Intelligence announced the raise of $85 million in Series B funding to expand its adoption. The funding was co-led by Intel Capital, Africa Internet Ventures (a strategic partnership between TPG Growth and EchoVC), and the family offices of Ronald Lauder and Eric Zinterhofer. They were joined by previous investors DCVC […]
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Co-op Bank, Thunes partner to launch Global Money Transfer Solution

Co-op Bank, Thunes partner to launch Global Money Transfer Solution

Co-operative Bank of Kenya (Co-op Bank) has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution dubbed Co-opRemit. Co-opRemit streamlines the process of real-time money transfers particularly within Africa, allowing Co-op Bank customers in Kenya to move funds across the world quickly at an affordable rate. Customers may send […]
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Xoom - PayPal service officially launches in Kenya

Xoom – PayPal service officially launches in Kenya

Xoom, PayPal’s money transfer service has announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa including Kenya. The new service expands the company’s offering to send money to mobile wallets in  Burundi, Cameroon, Ghana, Kenya, Madagascar, Malawi, Mozambique, Rwanda, […]
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