Goodlife Pharmacy, East Africa’s largest retail pharmacy platform, has been fully acquired by CFAO Healthcare. In a strategic move that validates the digital transformation potential of healthcare in emerging markets, this acquisition represents a complete exit for impact investor LeapFrog Investments. The latter had been backing the pharmacy’s digital-first growth strategy since 2017. This full…
SBM Bank Kenya has entered into a strategic partnership with Integrated Payment Services Limited (IPSL), the operator of Pesalink, to offer the most affordable bulk money transfer rates in the Kenyan market. The deal is part of SBM’s broader strategy to enhance its digital payments offerings and solidify its position as a leading, customer-centric payments…
Artificial intelligence (AI) can produce astonishingly accurate analyses and predictions, but these mean very little if businesses fail to act on them. “Unless you actually take the trouble to implement it, AI is just a party trick, which is very impressive but doesn’t help anyone,” said Daniel Saksenberg, chief AI officer at machine learning company…
Did you know that up to 50 per cent of vaccines are wasted due to poor logistics systems? A pervasive problem where frequent stockouts of critical medicines sometimes affect more than a third of essential supplies. Tragically, lives are lost not solely because essential products don’t exist, but because they cannot be seamlessly delivered. Despite…
Safaricom M-PESA and PayPal have announced a strategic collaboration to enable account linking and seamless fund transfers across their networks. The collaboration aims to empower more than 35 million M-PESA customers and two million businesses and micro traders in Kenya to access PayPal’s global network. By first linking their PayPal and M-PESA wallets, users can…
While AI-augmented engineering has its place, it cannot replace the hard, often uncomfortable discipline of thinking In a landscape flooded with AI hype – from low-code shortcuts to intelligent copilots -there’s growing pressure on engineering teams to move faster than ever. But what if we’re accelerating the wrong thing? Sasha Slankamenac, Principal Engineer at Dariel,…
Safaricom, Kenya’s largest telecommunications company, has hit a historic milestone by surpassing 50 million customers on its mobile network, solidifying its position as the country’s most widely used telco ahead of its 25th anniversary in October. The company announced the achievement with gratitude, crediting the milestone to the enduring trust and loyalty of the Kenyan…
Google has announced a sweeping wave of support to accelerate artificial intelligence (AI) innovation across Africa, including $37 million in cumulative funding and the launch of a first-of-its-kind AI Community Centre in Accra, Ghana. The funding package includes new and previously unannounced investments in research, talent development, digital skills, and infrastructure aimed at enabling Africans…
Visa has officially opened its first data centre in Africa, located in Johannesburg. This facility is part of a 1 billion rand (USD 57 million) investment in South Africa over the next three years, part of a broader USD 1 billion commitment to the continent, announced in 2022. Speaking at the launch, Michael Berner, Visa’s head of Southern and…
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