Payment processing giant Stripe has acquired Nigerian startup Paystack in a $200M+ deal. Stripe seeks to expand into the African Market in its bigger strategy announced earlier this year to expand its API- based payment processing services to more regions.
Paystack, like Stripe offers online payment integration services using APIs to facilitate transactions. To date, Paystack has approximately 60 000 customers ranging from small businesses, fintechs to large corporations.
The acquisition makes it the biggest startup acquisition in Nigeria as well Stripes biggest acquisition to date.
Valued at $36 Billion, Stripe is actively expanding its global presence through acquiring smaller companies in different regions. In the last 2 years, stripe has expanded its operations t...
Mondia Pay, Mondia’s digital payment entity, announced it recently onboarded a series of new clients and is fast becoming the preferred digital payment solutions provider for telecom operators across Africa.
“The African operators we are talking to are all seeing an increase in payment purchases for digital services and they are keen to get ahead of the curve to capitalise on this opportunity,” said Mondia Pay founder-chief executive Simon Rahmann.
The Dubai-based digital payment provider Mondia Pay has initiated talks with local telecommunication operators, setting its eyes on the lucrative intra-Africa e-commerce business.
The firm, handling 1.3 billion accounts in 48 countries in partnership with 80 telco operators, said Kenya, Mozambique, Ethiopia, the Democratic Republic of C
For the first time in its history, social media platform Instagram will start sharing revenue with creators through ads in IGTV and badges that viewers can purchase on Instagram Live. The company has hinted that ads would come to IGTV for more than a year, often saying the long-form video offering would be the most likely place it’d first pay creators.
The new tools that enable video creators to make money, including badges that viewers can purchase during Instagram Live videos and the introduction of IGTV ads. Both launches are considered a test, as the company is limiting the features’ availability during its experimentation phase, it says.
Badges will give viewers a way to support their favorite creators while also standing out in the comments, similar to efforts on other live video p
India shut down the internet in the state of Assam on Thursday, after citizens took to the streets to protest a controversial new citizenship rule. It’s the latest example of a worrying worldwide trend: cutting online access to control the people.
The news: On Wednesday, India’s government approved the Citizenship Amendment Bill, which creates a path for citizenship for minorities from Afghanistan, Pakistan, and Bangladesh (but not for the country’s Muslim minority). In the state of Assam, where residents have long been unhappy about immigration from nearby Bangladesh, protesters set fire to train stations. The government sent in troops and shut down the internet, according to CNN.
What’s the big deal? In an increasingly connected world, shutdowns are a way to stop protest
Three key Ghanaian universities and Tomsk Polytechnic University (TPU) will start working together to help upcoming engineers, physicists, doctors and researchers from Ghana to receive world-class Master’s and postgraduate education in nuclear subjects in Russia. The tuition fees for the full duration of education will be funded by the Russian Ministry of Higher Education and Science.
The nuclear education programmes are supported by Russian state atomic energy corporation Rosatom.
“About 300 students from more than 15 African countries are already studying nuclear specialties in Russia. We also contribute to the development of higher education in the field, strengthening cooperation between higher education institutions in Russia and Africa,” Director of Educational Projects and Human
Pesapal will become a Visa Principal Member driving small business acquiring and issuing.
Nairobi, April 27, 2020 – Visa (NYSE: V), the global leader in digital payments and Pesapal have today announced a strategic partnership to drive connected digital payments to consumers and businesses in Africa. Pesapal will now become a Visa Principal Member driving small business acquiring and issuing.
Pesapal has created Africa's only payments ecosystem that offers Ecommerce, Point of Sale and Consumer applications on one platform. Pesapal recruits and supports businesses to be able to digitize payment collection securely while integrating to business internal systems such as POS, ERP, Accounting and Billing systems. By integrating businesses, Pesapal is then able to drive consumer paym
Fixed internet connections in Kenya crossed the 500,000 mark for the first time in the quarter ending 31 December 2019 boosted by growth of the major service providers.
Overall, the total number of customers of fixed internet connections rose by 10% from 454,840 in September 2019 to 500,888 as at December 2019.
ZUKU reclaimed top spot from Safaricom Home Fibre by adding 23,885 new subscribers to end the period with 175,433 connections. Meanwhile, Safaricom added 11,207 new subscriptions to bring their total to 165,810 connections.
This now means that Zuku has a 35 percent market share compared to Safaricom’s 33.1 percent. Jamii Telecommunication’s is third with 17.1 percent market share.
Source: Communications Authority
Safaricom had overtaken Zuku for the first time in Q1 2019
Artificial intelligence (AI) and Internet of Things (IoT) have changed the way data is gathered, stored, processed and used; thus, becoming an indispensable part of our life.
AI, in its early stages, has revolutionised lives of businesses and people; it has started to show its effects in businesses and the way people work. Many businesses are not aware of how the technologies can be used efficiently to grow enterprise.
Artificial intelligence enables multitasking as takes care of all the menial tasks through automation and leave employees to conentrate on more important areas of the business. If organisations fail to make use of the available and newly added AI tools then chances are that they can’t compete well.
AI is creating a more effective world, creating jobs, making workpla
Kenyan based Media production and podcast start-up PortableVoices has announced a podcast distribution partnership with Afripods, an African focused platform for podcasters with head office in Nairobi.
Under the new agreement, Afripods will distribute podcasts produced by Portable Voices Podcast Network as well as co-produce future “Afripods Original” podcasts through Afripods platform and all other distribution channels available pan-Africa and internationally.
Allan Niongira, Portable Voices Founder said; ‘‘We’re excited about this new partnership with Afripods.’’ Adding; “Podcast consumption is really growing in Kenya and across Africa, this new partnership allows us to continue producing more local podcasts. With Afripods as our distribution partner, we will be able to reach more
Kaspersky has opened access to its Android Automated Testing Framework. The tool, named Kaspresso, takes advantage of flexible settings and is easy to use. With Kaspresso, mobile developers can significantly reduce the amount of time needed for application testing without the fear of overlooking a bug, therefore speeding up the application release process. The tool has already received positive feedback at two major technology conferences – Mobilization IX and Codemotion Berlin 2019.
It is quite challenging for mobile developers to choose an appropriate automating testing tool that will reduce lead time for an application’s release. Nowadays, there are many frameworks and tools for conducting automated tests, such as Espresso and Appium. However, these frameworks can’t solve all Android
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