M-PESA has marked 15 years since Safaricom and Vodafone launched the service in March 2007. From its beginning in Kenya, M-PESA has grown to more than 51 million customers, 465,000 businesses, 600,000 agents and 42,000 developers across Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho, Ghana and Egypt. The service processes more than 61 million transactions a day making it Africa’s largest fintech provider. With more people across the continent shifting to smartphones, 3G and 4G broadband, M-PESA is today evolving to become a digital financial services provider. In 2021, M-PESA Africa launched the M-PESA Super App and an…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Kenya Trade Network Agency has unveiled several initiatives to improve the ease of doing business for Avocado and Fish in the current financial year 21/22. The agency’s mandate is to facilitate cross border trade and establish, manage and implement the National Electronic Single Window System says the trade procedures will lower administrative burden costs for traders. Kenya mainly imports frozen tilapia, frozen mackerels, sardines, prawns and salmon among others while the country exports frozen Nile perch, tuna, octopus, whole tilapia and lobsters notably to the European Union. Avocado on the other hand has been a major contributor to the earnings…
The World is again on the edge over the conflict between Russia and Ukraine as well as the ongoing impact of the COVID-19 pandemic. The past two years have brought many unexpected events which have significantly changed the way we do things. For one, the World is still fighting its way through a healthcare pandemic, which many hoped would be long over by now. On the other hand, the pandemic has bred a new set of challenges for individuals and businesses alike. To all of us, a lot of adjustments have been made as a way of surviving the lurking threats…
One in five adults and one in 10 children and teenagers are projected to be obese by December 2023 in 10 high-burden African countries if no robust measures are taken to reverse the trends, a new World Health Organization (WHO) analysis shows. The WHO analysis finds that the prevalence of obesity among adults in the 10 high-burden countries will range from 13.6% to 31%, while in children and adolescents it will range from 5% to 16.5%. Africa also faces a growing problem of overweight in children. In 2019, the continent was home to 24% of the world’s overweight children aged…
Muthaiga Golf Club will host the Magical Kenya Open as the DP World Tour returns in Nairobi from Thursday 3 to Sunday 6 March 2022. The Magical Kenya Open is an event featured on the DP World Tour (European Tour), having previously been associated with the Safari Circuit and Challenge Tour. It was first established in 1967 and has featured some legendary winners down the years, including the likes of Seve Ballesteros, Ian Woosnam and three-time champion Maurice Bembridge. The reigning titleholder is South African Justin Harding, who shot 263 (– 21) to win by two strokes ahead of American…
Kenya will host one of two mega data centres, the Internet Corporation for Assigned Names and Numbers (ICANN) Managed Root Server (IMRS) clusters in Africa. This is ICANN’s first-of-its-kind investment in Africa. ICANN is a global non-profit organization that coordinates the domain name system and plays a key role in ensuring a global, interoperable, and secure Internet. “The clusters in Africa is a key step to stimulating Internet access and to strengthening the Internet stability of the entire continent. Of course, this could only be achieved with the participation of the local community. We are grateful to the Ministry of…