Author: Kaluka wanjala

Grey has added local currency deposits in Kenya and Ghana . Users can now fund their Grey account in Kenyan Shillings (KES) and Ghanaian Cedis (GHS) via bank transfer and mobile money. The new feature is designed to eliminate one of the biggest pain points for users who rely on Grey for international payments. Previously, many users had to depend on multiple platforms or intermediaries before accessing Grey’s international payment capabilities. “Cross-border payments should not begin with friction,” said Idorenyin Obong, CEO and Co-founder of Grey. “Many users in Ghana and Kenya already rely on Grey to receive, hold, and…

Google Play has announced the first ever Indie Games Fund for Africa, a $1m investment to support emerging and innovative game studios across 32 countries in Africa. The program will provide equity-free capital, technical assistance, and one-on-one mentorship to help indie developers take their games to the world stage. Many promising studios in Africa have struggled to expand due to funding gaps. The new programme aims to change that by giving developers the tools to refine their games, strengthen technical performance and improve global discoverability. Selected studios will benefit from three core support pillars: According to Ben McOwen Wilson, Managing…

Visa has unveiled a suite of new artificial intelligence (AI), stablecoin and tokenization capabilities designed to help financial institutions, fintechs and merchants across Central and Eastern Europe, the Middle East and Africa (CEMEA) prepare for the next generation of digital commerce. Announced ahead of the Visa Payments Forum in Paris, the new capabilities highlight how AI and blockchain technologies are reshaping both the customer-facing and infrastructure layers of payments. The company says the innovations will enable businesses to deliver more intelligent, secure and programmable payment experiences while maintaining trust and interoperability across the ecosystem. “Commerce is entering a new phase…

Dimension Data Uganda today officially announced its transition to the NTT DATA brand. This is a big step in the company’s growth and strengthens its commitment to supporting Uganda’s digital transformation goals. The transition reflects the company’s integration into NTT DATA, a global leader in AI, digital business and technology services. The business will be able to offer more technology services in Uganda, including cloud, AI, cybersecurity, networking and managed services. This will help firms in Uganda to invest more in technology to grow. Uganda’s digital economy continues to gain momentum, driven by growing adoption of digital financial services, increased…

Absa Bank Kenya has announced the appointment of Diana Mwaniki in the acting capacity of Chief Financial Officer (CFO), effective 1 July 2026, pending regulatory approval.  The announcement follows the appointment of Yusuf Omari, the incumbent CFO, as Interim Managing Director and Chief Executive Officer after the resignation of Abdi Mohamed as the MD and CEO of Absa Bank Kenya. Ms. Mwaniki assumes the role after serving as the Bank’s Head of Financial Decision Support since joining Absa in September 2022. She will lead the Bank’s finance function, providing strategic financial leadership and oversight as Absa continues to execute its growth strategy and deliver sustainable value for customers, shareholders and…

Google Cloud hosted its inaugural Cloud Summit in Africa at the Sandton Convention Centre in South Africa, gathering 3,000 business leaders, developers, public sector leaders, and partners. Anchored by the central theme, “Building for Africa with Google Cloud,” the summit builds upon Google’s 2025 launch of its Johannesburg Cloud Region. At the summit, Google Cloud launched a number of new initiatives for Africa, including new infrastructure, a new applied AI lab, expanded connectivity to the continent, and other investments in the region. South African President Cyril Ramaphosa opened the summit, stating: “Today’s Google Cloud Summit affirms Africa’s position as a…

Visa has announced new capabilities across Visa Accept and Visa Direct aimed at expanding how smartphones can be used to accept and send digital payments. This will help small businesses manage transactions without requiring additional payment hardware. The new capabilities are designed to make it easier for businesses to accept customer payments and make payouts using devices they already own. “Every tap, scan and swipe is now a defining moment in the customer relationship, and small businesses can’t afford for payments to get in the way,” said Shahebaz Khan, Senior Vice President and Head of Commercial and Money Movement Solutions…

Liquid C2 has achieved gold-level status in Google’s Verified Peering Provider (VPP) programme. The accreditation places Liquid C2 among a select group of global network providers recognised for high-performance, reliable peering with Google. It also positions the company as the most widely peered gold VPP partner across Africa. The enhanced peering infrastructure reduces reliance on congested public internet routes. This enables a more direct access to Google services and significantly improving performance. This translates into faster load times, lower latency and more stable connectivity when using tools such as Google Workspace, Google Cloud and AI-driven workloads. Liquid C2’s VPP qualification…

Vodafone Kenya Limited has completed the acquisition of the Government of Kenya’s 15% stake in Safaricom. With this, its shareholding in the telecommunications giant to 55% and making it the majority shareholder. The transaction was completed on 30 June 2026 through a block trade on the Nairobi Securities Exchange (NSE) and marks the conclusion of a deal first announced in December 2025. The completion follows regulatory approvals, the fulfilment of all conditions precedent and the lifting of legal barriers that had temporarily delayed the transaction. In a public announcement, Safaricom said the Capital Markets Authority (CMA) granted Vodafone Kenya an…

If you’ve ever bought traditional stocks before, you’re familiar with the practical side of owning shares in a publicly listed company. Open a brokerage account, place an order during market hours, and shares sit in that account until it’s time to sell. The system works well, but it can be rigid for some investors: the benefits of owning shares – dividends, voting rights, lending – stay within the brokerage environment, while trading is capped by market hours. A new format is now emerging, one that takes the familiar idea of stock ownership onto the blockchain. Tokenized securities, which are now…