East Africa
Safaricom Launches Shari’ah-Compliant Mobile Loans
Sourced from Tech Weez. Safaricom has partnered with Gulf African Bank to launch a Shari’ah-compliant mobile financial service, Helal Pesa, in Kenya. According to Tech Weez, the product is the first Shari’ah-compliant mobile and digital solution in the East African country. Customers accessing financing through the service will receive the amount requested in full with a repayment period of 30 days at a 5% commodity Murabaha margin, according to Tech Weez. Abdalla Abdulkhalik, MD – Gulf African Bank, said Kenya is now a highly innovative, interconnected, and fast-paced community that requires solutions on the go. “All our digital offerings including Halal Pesa, seek to directly address this aspect. Our current strategy is focused on digitization for financial inclusion. Our aim is to ...
Kenya Gets Sixth Submarine Internet Cable Worth $400-Million
Image sourced from bbc.com On Tuesday, Kenya launched its sixth submarine internet cable worth $400-million to offer high speed, lower latency, and broader bandwidth. According to Business Daily, the cable will connect Africa to France and Pakistan through the Europe-Asia route, providing direct connectivity to Asia, which is expected to reduce communication delays between Africa and Asia. The launch is also a partnership between Peace Cable and Telkom Kenya. The global Mobile Data Index reveals that Kenya has the most expensive mobile data in East Africa. However, the 15,000-kilometre cable is expected to create more flexible digital connection options, including high speeds of 200 Gbps per single wavelength with a total capacity of 192 Terabits per second, as well as stable and secure da...
Showmax to Launch 4 New Original Titles in Kenya
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Kenyans Spend More Time Listening To Radio Than Watching TV, Report Shows
Image sourced from Pixabay The Media Council of Kenya released a ‘State of the Media’ report on Thursday which shows that Kenyans spend more time listening to the radio than watching TV. According to the report, Kenyans watch TV for only two hours, which is, according to Gadgets Africa, is below the global average of 3 hours. Kenya’s Media Consumption: Did you know that 21 million Kenyans listen to the radio while the average time per day spent watching TV in Kenya is 2 hours against the global average time at 3 hours, 24 minutes? More statistics here: https://t.co/BhY675MYPj pic.twitter.com/CUcQ2nQNDB — Media Council of Kenya (@MediaCouncilK) January 31, 2022 On top of that, the Kenyans who watch TV only watch it for news and 30% of the people in the country rely on international co...
Airtel Africa Wants to Get Rid of its Towers to Cut Costs
Sourced from Comms MEA Pan-African telecommunications firm Airtel Africa has reportedly stopped investing in new tower infrastructure in Kenya, and other markets across the continent, as it prepares to sell most of its already-existing infrastructure assets. This is in efforts to reduce ownership of infrastructure as Airtel Africa looks towards leasing instead, according to Business Daily Africa. The International Finance Corporation (IFC), which is funding Airtel Africa, stated in an investment disclosure that Airtel is looking to focus on a cost-saving “asset-light business model” and has “divested most of its telecommunications tower portfolio” with the telecom operator now apparently in the final stages of divesting the majority of its remaining tower portfolio to other tower companies...
Facebook to Verify Ads Ahead of Kenyan General Elections
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Kenyatta Unveils Microsoft’s New $27-Million Development Centre in Nairobi
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Netflix Scholarship Applications Now Open for East African Students
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LakeHub Partners with the UN to Equip Kenyan Girls with Digital Skills
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Paratus Expands to DRC, Connects 620KM Fibre Optic Line
Laying fibre. Image sourced from IFC.org. Telecommunications firm Paratus Group has announced its expansion into the Democratic Republic of Congo (DRC). This coincides with the news that Paratus has won, together with DRC based Global Broadband Solution (GBS), a government tender to activate a 620-kilometre fibre-optic network link between Muanda, on the West Coast, to DRC capital city, Kinshasa. Paratus and GBS have established FAST Congo to deliver, operate and maintain the network link in an exclusive 15-year license contract. Paratus Seeks to Connect Africa By adding DRC to its terrestrial network, Paratus Group claims it can now boast a unique and contiguous footprint in Africa, which includes offices in seven SADC countries, four Data Centers, five satellite teleports with 6,000 cust...
Kenya Power Pays $22.7-Million in Debts to US Firm
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Ethiopia’s Government Postpones Ethio Telecom Privatisation Process
Image sourced from FurtherAfrica. The government of Ethiopia has announced today that it will be postponing the ongoing privatisation process of the state-owned Ethio Telecom, and did not set a timeframe for when the process will continue. In an announcement posted to Twitter by the official account of the Ethiopian Ministry of Finance, the Ethiopian federal government says that due to “recent developments” and “fast-moving macroeconomic changes both globally and from a country perspective, the government of Ethiopia has decided to postpone the privatisation process” of Ethio Telecom. pic.twitter.com/rNLYAijWnX — Ministry of Finance – Ethiopia (@MoF_Ethiopia) March 18, 2022 “The government of Ethiopia believes that taking time to accommodate the improved macroeconomic situation as well as ...
