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Category: New Markets & Products

Electric vehicle manufacturer Roam launches first mass transit electric bus

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KENYA – Kenyan-Swedish electric vehicle manufacturer Roam has launched the first mass transit electric bus to ply various routes in Nairobi. The bus, which comes with a 77-passengers sitting capacity, can cover up to 360 kilometers before recharging. It targets public transport providers, schools, and private and Government institutions, providing them with an environmentally sustainable solution that is cheaper to…

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Afreximbank launches payment service for easier transactions among African financial institutions

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AFRICA – The African Export-Import Bank (Afreximbank) has announced the broad launch of a payment service called AfPAY with the stated goal of facilitating easier transactions among African financial institutions. “Afreximbank developed the product specifically to address the banking challenges confronting African economies due to the withdrawal of many international banks from the continent — exits attributable to stringent regulatory…

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Mobility startup Roam launches electric mass transit bus to address public transport challenges

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KENYA – Kenyan startup Roam, previously Opibus, has launched a new electric mass transit bus, the Roam Rapid, which is specifically designed to address the unique challenges of public transport in Nairobi and Africa as a whole. With a capacity of 90 passengers, the bus allows for ample room, efficient boarding and disembarking of commuters, and both seating and standing…

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Mobility fintech startup Moove launches its services in India

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AFRICA – Moove, the first mobility fintech in the world and Uber ’s first car leasing partner in EMEA, has announced that it will launch in India as part of its global expansion. Moove, which provides revenue-based financing to business owners in the mobility industry, has established itself throughout Africa and is now expanding to Mumbai, Hyderabad, and Bangalore. All…

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Nigerian logistics provider Kwik launches ecommerce platform, KwikStore

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NIGERIA – Nigeria-based start-up Kwik has expanded its offer of digital services with the launch of KwikStore, a free e-commerce storefront solution. Kwik, known for its logistics services to B2B merchants in Nigeria, describes KwikStore as “another exciting service to the already sensational offer it brings to African business owners and social vendors.” KwikStore allows any African business owner, merchant,…

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Nigeria startup GetEquity expands to Kenya to connect startups with funding opportunities

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KENYA – Nigerian investtech startup GetEquity has expanded to Kenya as it looks to connect more African startups with funding opportunities. The East African growth is led by Eve Mumbiwho says that providing knowledge-sharing opportunities was high on GetEquity’s agenda as it made expansion plans in the market. “Businesses do not exist in a vacuum, therefore having first-hand knowledge of…

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Credit digital bank Carbon launches buy now, pay later web app

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NIGERIA – Carbon, a credit led Pan-African digital bank, has launched a buy now, pay later web app Carbon Zero that will help customers spread the cost of purchases into interest-free instalments, in-store or online. Since its inception in late 2021, Carbon Zero has generated ₦2.3 billion (US$5.54m) in requests from 41,000 customers who have applied for a spending limit.…

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Canon Central and North Africa set to launch its products in its Kenyan tour

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KENYA – Canon Central and North Africa, a leader in the fields of professional and consumer imaging equipment and information systems, has announced its R-tour in Kenya. The tour will witness the launch of 2 of their revolutionary products, EOS R3 and EOS R5 C, alongside showcasing its newly introduced release Powershot Zoom, the EOS R7 and R10. Canon showcased…

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Fintech Ukheshe Technologies launches first Tap-to-Pay phone payment solution

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SOUTH AFRICA – Ukheshe Technologies, a fintech platform, has launched its first Tap-to-Pay phone payment solution that doesn’t require certifications. Ukheshe has created a quick and simple process for merchants and service providers to accept tap-on-phone payments by allowing any near-field communication (NFC) enabled Android device to accept these transactions. Also, there will be no need to include any third…

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Tech company JUMO partners MTN Uganda to launch new credit service

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UGANDA – JUMO, a technology company building next-generation financial services for emerging markets, has partnered with MTN Mobile Money Uganda Limited to launch MoSente, a new credit service that will afford the people of Uganda more choice when it comes to mobile lending services. MoSente is a convenient way for MTN customers to access credit facilities. Customers can borrow at…

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