News, Stories, Events, & Trends that shape the Eastern African region
Equity Group has entered into an ambitious Customer Business Agreement with Mastercard based on a shared vision of empowering customers and businesses across the East African region. This strategic partnership aims to provide customers various benefits by offering different Mastercard payment solutions, including World and World Elite cards, corporate cards, and virtual cards. Moreover, it
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Kenyan insurtech company Turaco is making strategic strides to extend its African presence. Recently, Turaco announced its acquisition of MicroEnsure Ghana, which marks its entry into the West African market. Established in 2019, Turaco has rapidly gained recognition for its innovative use of technology to provide affordable insurance solutions. This article will delve into the
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The East African region is poised for a technological revolution that could transform every facet of life, from politics and society to the economy. With a blend of innovation, investment, and growing tech-savvy populations, East Africa is emerging as a hub for transformative technologies. In this article, we will delve into six emerging technologies that
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As we mark 1 year since the passing of her late majesty Queen Elizabeth II, we reflect on the profound impact of her reign, not only on the United Kingdom but also around the world. Queen Elizabeth II, who ascended to the throne in 1952, held the distinction of being the longest-reigning monarch in British
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Nearly half of the 800 African survey participants have fallen victim to an online scam at least once, losing thousands of dollars in the process and compromising their personal data. This alarming statistic is one of the key findings of the KnowBe4 2023 Online Scams and Victims in Africa Report, which was just released. The
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Most of the world can’t afford insurance. It’s a product for the rich. In Africa, 90% of people have no safety net to catch them if they get sick or are in an accident. 100 million people fall into poverty every year as a result of having to make out-of-pocket payments to cover health expenses.
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African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises in Africa to submit innovative solutions
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Despite being largely responsible for the worsening climate crisis in East Africa, rich nations paid Ethiopia, Kenya, Somalia and South Sudan just $2.4 billion in climate-related development finance in 2021, in stark contrast to the $53.3 billion East Africa says it needs annually to meet its 2030 climate goals. Oxfam’s “Unfair Share” report published today,
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In recognition of the relationship between climate change and Africa’s development, African Heads of State have agreed to lead the way in finding sustainable solutions to the climate crisis during the Africa Climate Summit, held at the Kenyatta International Convention Centre in Nairobi and presided over by H.E William Ruto. The African leaders expressed their
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