After 10 years of progression in the mobile money service, Vodafone finally marked the 10th anniversary of M-Pesa as the world’s leading service on February 21. According to Tech Moran, it was revealed that a record 614 million M-Pesa transactions were processed during December 2016 as it now offers M-Pesa services in 10 countries. As of the end of December 2016, M-Pesa served almost 29.5 million active customers through a network of more than 287,400 agents. During 2016, the service processed around 6 billion transactions, peaking in December 2016 at 529 transactions every second. M-Pesa, launched by Vodafone’s Kenyan associate, Safaricom, on 6 March 2007 is designed to enable customers safely and securely to send, receive and store money via a basic mobile phone and, more recently in
Little , a Kenyan taxi hailing service, will commence its expansion drive across the continent by launching in Nigeria in the first quarter of 2017, according to reports. Little, a Safaricom backed app was created in partnership with Kenyan Fintech Company, Craft Silicon. It waslaunched in July 2016 to rival Uber and all other taxi hailing service in the country. The firm charges KSh30 per kilometre and KSh4 per minute with no flat-base charge or price surges during peak hours or heavy traffic jams. Its drivers make an average of 2,500 rides daily. To compete favorably, Littlecab introduced a slew of superior offerings such as in-car WiFi, secure payments via Lipa Na M-PESA, cheap fares (with no price surge), Lady bug, cars manned by lady drivers, and ride hailing via USSD. Accord
While many challenges remain towards more affordable and widespread internet access, connectivity is in motion in many African countries. Quartz Media reports that Facebook has become one of the most powerful media platforms in the world. It’s not simply because its users can easily share and spread information far and wide. It’s also because a lot of its power lies in the knowledge it has about those users. As a result, some African governments are showing signs they also believe the internet giants know more than they do. Like with internet shutdowns, the governments say their concern is national security. When it comes to privacy, African governments poking and prying in the affairs of private citizens on social media would be doing no worse than some of their Western counterpa
Uber driver partners in Nairobi are on a strike demanding for higher rates so as they earn from their services like their metered counterparts who charge nearly triple Uber prices in Nairobi. Uber announced a 35% fare reduction last week in hopes of boosting demand. Uber, which is in now in 10 sub-Saharan markets, has been facing more competition from local and outside taxi hailing apps across the continent. In Kenya, rivals have been offering cheaper rates and customized services like boda boda, or motorbike, rides. Safaricom, the dominant telecom in the country, has also launched its own taxi hailing app, Little Cabs. In response to the rate cut, a group of Uber and Little Cab drivers have organized their own union, the Kenya Digital Taxi Association. About a hundred protesters b...
LG, the global electronics giant, has chosen Kenya as one of its pioneering African markets where it intends to launch its latest technological innovations. The South Korean company says it is planning to introduce its latest technology products in Nairobi. Janghoon Eric Chung, the company’s managing director for Africa Logistics said that they are looking to launch our new products in Kenya because it has an ever-increasing middle and top class. LG considers the country quite stable and with an ever-improving service industry underpinned by sound infrastructure. He added that although LGs’ products were primarily tailored for the high-end market, the company perceived the Kenyan market as one of a few in Africa with a strong inclination for modern technology and the latest electro