Safaricom has extended its 4G network to all the 47 counties in Kenya in a competitive bid that will see clueless Jamii Telecom’s Faiba Mobile struggle to catch up. Safaricom also announced that by the month of November 2017 its active 4G subscribers had reached 1 million across the country. “The country has consistently stood out as a global innovation powerhouse and a leader in global mobile technology adoption. This milestone further cements Kenya’s position and establishes a strong foundation for future innovation,” said Joseph Ogutu, Director – Strategy, Safaricom. The company says the milestone has been achieved with its 4G network now available across all 47 counties in the country. Safaricom became the first network to rollout a 4G network in the country in December 2014.
Sun King solar brand’s parent firm Greenlight Planet has raised $60m in equity and debt led by London-based private equity fund manager Apis Partners with participation from existing shareholders Eight Roads Ventures and Bamboo Capital Partners. Debt investments included new disbursements from the company’s earliest institutional lenders, Deutsche Bank and Global Partnerships, as well as from SunFunder, PG Impact Investments, responsAbility and SIMA Funds. Greenlight Planet says it will use the new debt and equity capital to expand its solar-energy product lines, distribution networks, and financing capabilities in Africa and Asia.There, over a billion people lack reliable access to electricity, finding it too expensive or unavailable. According to Patrick Walsh, Co-Foun
No doubt, cryptocurrency is on a major rise in Nigeria, Africa and the world. Many people have turned their attention to this “gold mine” whose value is on an upward spiral. But then, there has always been a problem on trading in cyptos for Nigerians. Now this is where BitPaya comes in. Bitcoin and Ethereum are like the two most popular and traded cryptos in the world, and new platform BitPaya is bringing ease to trading with them. On the BitPaya platform, you can trade Bitcoin and Ethereum with extreme ease in Nigeria. According to a press release by the founders, “The importance of cryptocurrency cannot be over emphasised, its clearly the future of money and it has come to stay for as long as anyone can imagine.” They noted that “Buying Bitcoin and Ethereum has been a challeng
Online travel agent Travelstart has bought a majority stake in Cape Town-based SafariNow.com, South Africa’s largest accommodation booking website. SafariNow.com has both the informal (self-catering and vacation rentals) and formal sector (hotels, guesthouses, bed and breakfasts). “We want to supercharge our accommodation offering and with more than 23 000 listings on SafariNow, we can give our customers much better choices,” said Travelstart’s founder and CEO Stephan Ekbergh. SafariNow.com will stick to its core business of selling accommodation and retain its current brand, CEO and team. Though SafariNow will continue to run as a standalone business, it’s 40-man team sees Travelstart fast-track the growth of its accommodation offering. “Travelstart shares our mission of transfo
Jamii Telecommunications has launched its Faiba 4G mobile network in Nairobi, a move expected to fuel a data price war with competition Safaricom, Telkom Kenya, Airtel and Equitel. Faiba Mobile will be JTL’s next frontier after aggressively pursuing broadband connectivity in the corporate, home and retail market segments in Kenya. Jamii Telecoms will offer mobile phone services with the prefix 0747 after the company invested Sh5.1 billion in its network infrastructure and successfully launched commercial trials. Getting its footing in an already crowded race, JTL will have to fend off increased competition in the data market already hogged by telecom giant Safaricom which is growing its mobile data and the home internet market with Safaricom Home. Faiba 4G, which is expecte