Kenyans have reduced spending on smartphones due to ballooning inflation, which has put constraints on budgets for technology products. Inflation combined with supply shortages are cited as the main drivers behind Kenya’s smartphone market declining for the second consecutive quarter in Q4 2022, with shipments dropping 13.5% year-on-year. This is according to the latest figure...
Came to power in September 2022, William Ruto is stepping up initiatives to accelerate and materialize the country’s digital transformation initiated by his predecessor, Uhuru Kenyatta. To achieve its objectives, the new government is counting on the support of financial partners. The Kenyan government is requesting support from the World Bank to finance its “digital highway...
Airtel Kenya is looking to sell a 30% stake in its business to local investors as it seeks to comply with regulations on local ownership thresholds ahead of the March 2024 deadline. Business Daily quotes Airtel Africa’s CEO Segun Ogunsanya as saying that the operator is in talks with the Communications Authority of Kenya (CA) and the...
Kenya’s Directorate of Criminal Investigations (DCI) has arrested eight men who are alleged to have been part of a criminal ring that defrauded mobile money users of over KES 500-million. According to investigators, the suspects gained access to the National Registration Bureau, which hosts identification information that was then used to register mobile SIM cards....
Airtel is preparing to meet the growing demand for high-speed connectivity on the African continent. In recent months, the company has acquired additional frequencies in Nigeria, Zambia, Tanzania, Kenya and the DRC. Telecom operator Airtel Kenya has announced plans to launch its fifth generation (5G) mobile services in the country. The company wants to start rolling out...
Kenyan ISP Mawingu has announced that it has raised a total of USD9 million through a Series B funding round, bringing on board new investor InfraCo Africa, part of the Private Infrastructure Development Group (PIDG). InfraCo Africa’s USD6 million commitment, delivered through its dedicated investment arm, will support Mawingu to roll out infrastructure across 25 additional counties...
With a relatively stable macroeconomic environment, sustained investor confidence, and a fast-expanding services sector, Kenya has emerged as one of the fastest-growing economies in Africa and the largest in the East African region by way of Gross Domestic Product (GDP). To maintain its lead, the Kenyan government is looking to technology and innovation as a strategic driver...
Fintech firm JUMO has appointed Kenya’s former Cabinet Secretary Joe Mucheru as president of the company. According to a statement, Mucheru will support the company to deliver its growth goals, navigate the regulatory landscape, and build the firm’s presence across Africa. Mucheru served as Kenyan Cabinet Secretary in the Ministry of ICT, Innovation and Youth...
The Kenyan Government has announced that they are planning to link its tax collection systems to mobile financial platforms to weed out tax evaders. The Kenyan Government has announced its intentions to link its tax collection systems to financial platforms on mobile. This step is being taken in an effort to identify tax evaders and...
Africa Data Centres has announced plans to expand its datacentre operation in Nairobi, and said it has identified a new site to accommodate an extra 15MW of IT load to be added to its existing infrastructure. The Cassava Technologies company said the new data facility will begin with 5MW of IT load and will be...
