Author: Muindi

Nigeria’s Guaranty Trust Bank (GTBank) has partnered with Infosys Finacle to revolutionise digital banking across Africa and Europe. By leveraging Finacle’s suite of solutions, GTBank is set to achieve a comprehensive transformation of its business.  The cloud-native and open API-driven platform will enable GTBank to integrate seamlessly with its ecosystem partners and unlock new-age digital possibilities. Segun Agbaje, Group Chief Executive Officer, Guaranty Trust Holding Company Plc said, “As an organisation, we have always held that the future of banking is digital, largely driven by technology and customers’ preference for secure, convenient, and reliable channels. This is the thinking behind…

The Mozilla Festival House in Kenya has united diverse communities to discuss, debate, and connect around pressing regional issues, such as the role of technology in propagating social injustices in Africa. On the first day, participants started developing practical solutions to problems like digital extractivism. They discussed the introduction of global content moderation unions advocating for fair wages and building strong solidarity for digital labour movements. Attendees, including policymakers, technologists, and activists, explored how emerging technologies like AI have exacerbated the marginalization of vulnerable groups across the continent and how extractive data practices continue to widen this gap. J. Bob…

Safaricom has announced a significant increase in the M-PESA transaction limit, which now stands at KSh. 250,000 per transaction. This change introduces a new transaction band of KSh. 151,000 to KSh. 250,000 for Send Money, Lipa Na M-PESA Buy Goods, PayBill, and all other transactions. The decision by the Central Bank of Kenya to increase the M-PESA transaction limits was welcomed by Safaricom’s CEO, Peter Ndegwa.  “The increased transaction limits are a timely intervention as they will provide customers and businesses with additional convenience when doing business empowering them to do more from their phones,” said Peter Ndegwa, CEO –…

Safaricom has partnered with Britam to introduce a new data plan called “Data Plus”.  This plan offers daily personal accident cover in addition to data and free Google Maps for as little as KES 25 daily. The Personal Accident cover includes medical expenses, permanent disability, and funeral expenses arising from an accident. Evah Kimani, Britam’s Director of Partnerships and Digital, said, “Through this partnership, we aim to reach out to millions of Kenyans who do not have access to insurance protection against various risks that can affect their livelihoods and well-being.” The introduction of the ‘Data Plus’ Plan will see Safaricom…

Rwanda’s Nyungwe National Park has been inscribed on UNESCO’s World Heritage List, marking the country’s first site to receive this prestigious status. Good news: Rwanda’s @NyungwePark has just become the first site in our country to be inscribed in @UNESCO’s World Heritage List. This is a significant designation that will reinforce Rwanda’s ongoing conservation efforts. #VisitRwanda #ConservationIsLife https://t.co/4TILMfJpcD — Yolande Makolo 🇷🇼 (@YolandeMakolo) September 19, 2023   The decision was made during a session of UNESCO’s World Heritage Committee held in Riyadh, Saudi Arabia. “This serial property represents an important area for rainforest conservation in Central Africa,” UNESCO said in…

Kenya witnessed a 14.1% increase in remittance inflows in August 2023, with the U.S. accounting for 54% of the total. According to the Central Bank of Kenya (CBK), remittance inflows in August totalled USD 354.3 million, compared to USD 310.5 million in August last year, an increase of 14.1 per cent. The cumulative inflows for the last 12 months to August totalled USD 4120 million, compared to USD 3992 million in the same period last year, an increase of 3.2 per cent. “The strong remittances inflows continue to support the current account and stability of the exchange rate,” said CBK.…