Airtel Africa Hits 150 Million Customers

Airtel Africa, a leading telecommunications company in Africa, has reached a landmark achievement by registering its 150 millionth customer. This milestone, announced on LinkedIn, signifies the company’s ongoing commitment to empowering lives across the continent. “We are incredibly grateful to our stakeholders for their unwavering commitment and support in helping us reach this remarkable milestone,”…

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Jumia cuts short Food Delivery Market in Kenya and six other African Countries

Pan-African e-commerce giant Jumia is making a major shift in its strategy, announcing the closure of its food delivery service, Jumia Food, across seven key markets: Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria, and Ivory Coast. This decision, effective December 2023, follows a period of cost-cutting measures and strategic reevaluation aimed at achieving profitability. Jumia Food:…

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Kenya Revenue Authority Deploys Revenue Service Assistants to Improve Tax Compliance

The Kenya Revenue Authority (KRA) has recently dispatched a team of Revenue Service Assistants (RSAs) to physically visit taxpayers’ premises within the country. The RSAs, who have been trained by the Kenya School of Revenue Administration (KESRA) and the Kenya Defense Forces (KDF), will collect data, facilitate online registration of trading businesses, verify taxpayers’ details,…

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First-Ever U.S.-Kenya Business Roadshow Kicks Off with $55 Million in Co-Investment Deals

The first-ever U.S.-Kenya Business Roadshow was launched in New York City on Tuesday, where the Prosper Africa initiative and the U.S. Embassy in Kenya gathered leading businesses, investors, and Kenyan government officials. The roadshow aims to strengthen the economic partnership between the United States and Kenya. During the launch, Ambassador Whitman announced six new co-investments worth $55…

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Kenyan eCommerce startup, Copia Global, to suspend operations in Uganda

Kenyan eCommerce platform, Copia Global, has announced that it would be suspending its operations in Uganda. Copia also says it’s suspending its operations in Uganda and expansions into Africa due to the “economic downturn and constrained capital markets.” It will now focus on growing its Kenyan operation into a profitable company. Copia has reportedly been growing in…

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Mastercard Joins US Vice President Kamala Harris With Call To Action On Financial And Digital Inclusion In Africa

Mastercard joined US Vice President Kamala Harris for a roundtable discussion in Zambian capital, Lusaka, where she issued a call to action to public and private sector leaders to invest in national financial inclusion strategies to close the digital divide across the continent. Only an estimated 33% of the population in Africa use the internet and only 55% in Sub-Saharan Africa have official proof of identity, meaning the…

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