Flutterwave, the largest fintech company in Africa, is set to make a significant impact in Kenya with a planned investment of $50 million. This move comes as the company awaits regulatory approval from the Central Bank of Kenya (CBK). The investment will be channelled towards hiring new staff and scaling up Flutterwave’s infrastructure within the country. Flutterwave’s CEO, Olugbenga Agboola, expressed optimism about the prospects in Kenya and confirmed that they already have over two dozen staff members in the country ready to commence operations once the license is granted. “We are looking at investing not less than $50 million.…
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
The Kenya National Theatre will host the Macondo Literary Festival from September 15 to 17. Orchestrated by the Macondo Book Society, this exciting literary gathering will feature a stellar lineup of renowned African authors, including Aminatta Forna, Leila Aboulela, Hemley Boum, Youssef Fadel, Ketty Nivyabandi, Kalaf Epalanga, Jennifer Nansubuga Makumbi, Masande Ntshanga, Kossi Komla-Ebri, and Yvonne Adhiambo Owuor. This year’s festival theme, “Disrupting Home,” aims to initiate thought-provoking dialogues and inspire audiences to reimagine the multifaceted concept of “home.” “A literary festival on African histories and futures featured in fictional and non-fictional works, bringing together, for the first time on…
The Supreme Court of Kenya has dismissed an application by Homa Bay Town MP, Peter Kaluma seeking a review of a ruling that allowed the registration of LGBTQ lobby groups in the country. The court ruled that MP Kaluma was not a party to the proceedings, leading to the dismissal of his application. “The applicant (Kaluma)has not demonstrated how his matter conforms to the specific parameters enumerated under Section 21A of the Supreme Court or in the Outa case; neither has he demonstrated to our satisfaction that the impugned Judgment was obtained by fraud or deceit, is a nullity, or…
The Central Bank of Uganda has granted its first Islamic banking license to Salaam Bank Ltd., a subsidiary of Djibouti-based Salaam African Bank. This significant step comes after Uganda passed legislation in June to accommodate Shariah-compliant finance activities. https://twitter.com/BOU_Official/status/1700168252314276310?s=20 Islamic finance, which prohibits the charging of interest, could potentially unlock substantial growth in East Africa’s third-largest economy. It is expected to attract customers who have previously avoided traditional lenders due to religious reasons. Globally, Shariah-compliant assets are among the fastest-growing financial instruments, with forecasts predicting a rise to $3 trillion worldwide in the next decade, up from about $2.1 trillion…
The East Africa Community (EAC) is set to launch the Eastern Africa Regional Digital Integration Project (EA-RDIP). The EA-RDIP is a vital regional initiative that will transform and enhance the region’s integration into the digital economy. The project aims to revolutionize the way the region connects, trades, and engages digitally by expanding broadband connectivity and improving the digital service environment. It aligns with regional priorities, emphasizing the need to bridge the digital divide, reduce connectivity costs, and empower marginalized groups such as youth, persons with disabilities, and women. The project’s development objective is to increase access to broadband and digital…
Rwanda has launched a Smart City Hub at the opening of Africa’s Smart and Sustainable Cities Investment Summit. The Smart City Hub is at the core of Rwanda’s vision to become a Pan-African hub for tech and innovation. The hub’s objective is to facilitate and drive efficient, sustainable, digital solutions that improve the quality of life for citizens in cities and communities in Rwanda through technology and innovation. Paula Ingabire, Rwanda’s Minister of ICT & Innovation said, the Smart City Hub, aligns with the country’s vision to test, scale, and promote cutting-edge solutions. “We are currently experiencing rapid advancements in…