Kenya Airways and South African Airways sign strategic partnership framework

SOUTH AFRICA – Kenya’s national carrier, Kenya Airways (KQ), has signed a Strategic Partnership Framework with South African Airways (SAA), a key milestone towards co-starting a Pan African Airline Group by 2023. The partnership framework follows the Memorandum of Cooperation (MoC) that the two airlines signed two months ago to foster the exchange of knowledge, expertise, innovation, digital technologies, and best practice between the two airlines. The signing of the Strategic Partnership Framework by the two African airlines will see both airlines work together to increase passenger traffic, cargo opportunities,…

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Fintech ImaliPay partners with Cellulant to drive gig workers’ financial inclusion

KENYA – ImaliPay, the one-stop financial platform for Africa’s gig workers, has partnered with pan-African payments company Cellulant for its payments infrastructure and solutions in Kenya and Nigeria. The ease of making and receiving payments for freelancers will be greatly improved through this partnership and will change the way gig workers experience making payments and the partnership will further drive financial inclusion by allowing ImaliPay users to access financial services quicker through Cellulant’s payment rails. Sanmi Akinmusire, Co-founder and COO of ImaliPay said that: “Most of the financial services provided today…

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Madrid-headquartered Marco acquires controlling stake in Africa Communications Media Group

AFRICA – Marco, brand building and reputation management firm, has acquired a 51% stake in Africa Communications Media Group (ACG) as it broadens its geographic reach across the African continent. ACG is headquartered in Johannesburg (South Africa), with offices in Abidjan (Ivory Coast) and Nairobi (Kenya) as well as long-standing partners in Kigali (Rwanda), Harare (Zimbabwe) and Lagos (Nigeria) and additional affiliated offices in more than 40 other countries across the African continent. They work with clients including Bill & Melinda Gates Foundation, Mercedes Benz, Bloomberg and Ethiopian Airlines. ACG…

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Fintech startup Asilimia raises US$2m funding to expand its footprint

KENYA – Asilimia, a Kenyan-based fintech startup that is building the digital infrastructure to connect African MSMEs to the formal financial economy, has secured US$2 million to grow its team, deliver new services and expand into new markets in East Africa. The startup raised US$1 million in pre-seed funding from a wide range of investors, including two-time unicorn founder, Fredrik Jung Abbou (co-founder of Kry and Lendo), Norrsken Impact Accelerator, and other prominent founders from across Europe. It also raised US$1 million in a debt round that included Bpifrance and…

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Fleet management startup, Fleeti, secures US$1.1m in seed funding

SIERRA LEONE – Fleeti, a start-up incubated at Estia and specializing in fleet management in Africa, has raised US$1.1 million from Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and business angels. This funding will allow the company to speed up the technological development of their solutions and expand its reach into new markets. Founded in July 2020 by Iban Olçomendy and Gabriel Delerue (both EDHEC grads), Fleeti aims to help companies reduce their fuel consumption and improve the performance of their fleet. Its technology, which combines embedded sensors and SaaS software,…

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FinTech company Busha raises US$4m to deepen its market position

NIGERIA – Busha, a Nigeria-based digital platform that helps people buy, sell and store cryptocurrency, has raised seed funding of US$4.2 million in a round led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round. According to the company, the new funding will go towards deepening its market positioning in Nigeria, the leading crypto economy in Africa where all of its users are based. Founded in 2018 by CEO Michael Adeyeri and Chief Product Officer (CPO) Moyo…

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MyBank, Mastercard and Network International launch new debit card to elevate e-commerce in Somalia

SOMALIA – As part of continued efforts to expand access to the digital economy and drive financial inclusion in Somalia, MyBank, Mastercard and Network International have partnered to launch a new Mastercard debit card that seamlessly enables online shopping in Somalia.   The new physical card is a first for MyBank in the country and will enable consumers to transact in-store at various points of sale and at ATMs, while also giving them the ability to make online purchases through e-commerce channels. These services will also benefit underserved sectors in Somalia,…

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Tech-logistics startup Sendy launches a digital platform for online sellers in Kenya

KENYA -Sendy, a Kenyan tech-logistics startup, has set up a digital-enabled platform that relieves online sellers of logistics difficulties and their associated costs, reports KenyanWallstreet. The state-of-the-art Fulfilment Centre with multiple picking locations across Nairobi will serve as Sendy’s nerve center. This e-commerce platform is aimed at retailers that do not have storage or delivery systems, and it will pick, pack, and ship orders to customers for a fee of 13% of the product’s selling price. The price also includes picking up the shipment from the vendor’s location, three shipping…

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Solar firm Mobisol rebrands as ENGIE Energy Access Kenya

KENYA – ENGIE Mobisol, a Kenyan Pay-As-You-Go (PAYGo) solar industry firm has changed its name to ENGIE Energy Access Kenya (EEA Kenya) as it plans to increase access to affordable solar energy solutions to off-grid customers through the Pay-As-You-Go model. This comes after the parent company ENGIE integrated ENGIE Mobisol with Fenix International, another SHS company and mini-grids provider early last year. This integration puts the company in a unique position as the only energy player offering end-to-end off-grid energy solutions with both solar home systems and mini-grids under one…

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Jumia taps former Britam Commercial Director Betty Mwangi as CEO

KENYA – E-commerce platform Jumia has announced the appointment of Betty Mwangi, as Kenya’s new Chief Executive Officer to take over from former boss Sam Chappatte. The company said Betty will focus on accelerating corporate growth. Betty is an engineer with 20 years of experience in the telecommunications, insurance, and pharmaceutical industries, she previously served as Group Commercial Director for Britam Group PLC from 2016 to 2021, a company she originally joined in 2013. She also worked as Director of Financial Services for Safaricom MPESA from inception in 2007 to 2016.  “Betty…

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