Ride-hailing firm Little sets eyes on the Ethiopian market

ETHIOPIA – Kenyan ride-hailing firm Little is expanding to Addis Ababa, Ethiopia joining Safaricom and several other Kenyan firms in the race to crack the Ethiopian market that has so far remained closed to foreign companies. The firm’s  Chief Executive Officer Kamal Budhabhatti told Business Daily that the company will invest US$5 million in the next five years, with plans to inject an additional US$5 million based on its growth projections. The company, which competes with global players Uber and Taxify in Kenya, Uganda, Zambia, and Tanzania, will start Ethiopia…

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Healthcare platform Vezeeta launches new white label-led solution for healthcare entities

EGYPT – Vezeeta, a digital healthcare platform, has rolled out a B2B SaaS solution that will enable healthcare entities, both small and large, to enhance their patients’ healthcare experiences through a digital-first approach. The new white label-led solution, Vezeeta-in-a-Box, is supported by TEAMFund, a US-based impact VC committed to driving tech transformation and healthcare access in emerging markets. Since launching in Saudi Arabia in April, the new product has integrated with three mega-hospitals and nine polyclinics. It will now be available in other key markets, starting with Egypt, Nigeria, Kenya…

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Logistic platform Saloodo! Launches road freight service between Middle East and Africa

AFRICA – Saloodo!, a digital road freight platform, has announced the launch of BeduConnect, a road freight service between Middle East and Africa. BeduConnect was set up to connect countries of the Arabian Peninsula (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman) with North African (Egypt, Libya and Sudan) trading partners due to capacities in both air freight and ocean freight being currently tight. Saloodo! Saloodo! is the first digital marketplace to offer road freight connection between the Arabian Peninsula and North Africa, which is faster than…

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SEACOM launches SD-WAN services in Kenya to enable digital transformation

KENYA – Leading pan-African ICT service provider SEACOM is expanding to bring its software-defined wide-area networking (SD-WAN) services to Kenyan businesses, offering reduced connectivity costs, increased security, agility, and local support to customers. SEACOM’s experience with ICT infrastructure in Africa is extensive; the company launched Africa’s first broadband submarine cable system in 2009 and provides continent-wide secure Internet. It also offers a full suite of communications and cloud solutions that enable the growth of Africa’s digital economy. Their new SD-WAN services are now available to Kenyan businesses. The addition of…

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Cellulant introduces digital payments platform Tingg in Zambia

ZAMBIA – In a bid to foster growth for both the formal and informal sector in Zambia, Pan-African payments business Cellulant has rolled out Tingg, a digital payments platform enabling businesses and their consumers to accept and make payments seamlessly. Payment technology over the years has completely transformed how retailers operate as approximately thirty years ago, most retailers across Africa did not accept credit cards, and mobile money was still an idea but over the past decade and a half, mobile money has transformed how African consumers access and use…

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China’s Trina solar opens distribution center in South Africa

KENYA – Trina Solar Company Limited, a global PV and smart energy total solution provider, has announced that it will launch a distribution facility in South Africa coming as a step that further caters to the company’s overarching expansion strategy to grow ambitiously in the region. The new facility comes as part of Trina Solar’s commitment to further increase its footprint and presence in Africa to cater to the rapidly growing demand for solar energy in generating power for residential, commercial and industrial needs, in addition to farming and agriculture.…

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UAE company Investera opens Kenya office to link start-ups with global funds

KENYA – UAE-based business intelligence and investment firm Investera has launched operations in Kenya that will see it guide foreign investors seeking to invest locally and link-local firms to foreign opportunities. The entry is through a partnership deal with their local counterparts, Investera Plus Africa. The firm will provide market research, due diligence, investment advisory and financial intelligence services to investors, businesses, and entrepreneurs. Raising start-up capital and access to markets are some of the biggest challenges for budding Kenyan entrepreneurs, with banks requiring collateral that most of them do…

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Egypt’s Banque Misr seeks nod enter the Kenyan market

KENYA – Banque Misr, Egypt’s second-largest bank, says it has formally applied for a Central Bank of Kenya (CBK) licence to enter the Kenyan market as it seeks lending deals in East Africa and serving Egyptian firms operating in the region, reports Business Daily. The State-run bank, which in 2020 hinted of plans to enter Kenya said the licence applications to Kenyan regulators were made alongside similar applications in Somalia and Djibouti. The lender’s vice chairman Akef El Maghraby was quoted announcing the move at a business forum held in…

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Fintech company Small World Financial Services expands in Nigeria

NIGERIA – Small World Financial Services, international money transfer provider, has announced that it has expanded its network payout in Nigeria. Their customers can now receive money in minutes across an even larger bank network than before, with more than 2800 pay out locations, as to well as to their bank account. This initiative follows the Central Bank of Nigeria (CBN) directive issued last December 2020 to enable global money transfers to be paid in US dollars in an effort to streamline and increase the flow of formal diaspora remittances…

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Bolt Food South Africa expands into Johannesburg as it guns for rivals

SOUTH AFRICA – Bolt Food South Africa, the food delivery arm of ride-hailing firm Bolt, is eyeing expansion into Johannesburg as it readies to take on main competitors Uber Eats and Mr D Food. The food delivery app, which launched in Cape Town during the onset of the COVID-19 lockdown in 2020, says it has experienced 50% month-on-month growth in the past three months and is betting on competitive prices, as it eyes nationwide expansion. The lockdown resulted in online shopping reaching a tipping point in 2020, growing by 66%…

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