Author: Afritech Media

Mastercard has introduced Crypto SourceTM, a new program to enable financial institutions to bring secure crypto trading capabilities and services to their customers. According to the 2022 Mastercard New Payments Index report, 29% of respondents globally hold cryptocurrency as an investment, with another 65% indicating a preference for crypto-related services to be provided by their current trusted financial institution.* In partnership with regulated and licensed crypto custody providers, Mastercard’s financial institution partners will gain access to a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with a proven identity, cyber, security and advisory services. This Crypto Source…

The United States Ambassador to Kenya, HE Meg Whitman, toured the Mars Wrigley chewing gum factory in Athi River in an official visit on Friday. She recognized the strong and dynamic role that US companies like Mars play in driving trade, investment, and economic development in Kenya, noting that strengthening trade and investment ties between the US and Kenya would be a key area of focus during her tenure. Amb. Whitman was confirmed in a unanimous vote by the U.S. Senate as the eighteenth United States Ambassador to Kenya on July 14, 2022. “It was a wonderful experience touring the…

The Kenya chapter of the International Chamber of Commerce (ICC-Kenya) today hosted the second International Conference on Arbitration and Alternative Dispute Resolution (ADR) in Nairobi. The conference discussed emerging trends in ADR and arbitration in Africa while providing a learning and ideas exchange platform for policymakers, arbitration practitioners, enthusiasts, and private sector players who form the consumer market for arbitration and ADR in Kenya. According to ICC-Kenya, the nascent industry is shaping for take-off, driven by the surge in international trade and investments in the region. This is on the back of increased business innovation, government spending on infrastructure projects,…

Incoming county governments can create jobs for the millions of unemployed youths if they collaborate with hospitality players and the wider tourism industry. PrideInn Hotels, Resorts and Camps Founder and Managing Director Hasnain Noorani has urged the new county bosses to consider working with the sector, which has the potential of hiring an extra 1.2 million people. He added that the new hires would indirectly support millions more throughout the Kenyan economy. “In 2021 alone, the tourism sector had to lay off at least 1.2 million people due to the continued impact of COVID-19. A year earlier, at least 2.5…

Showmax subscribers across sub-Saharan Africa will have access to live broadcasting from BBC World News until 23 September 2022, which will include a live stream of the funeral of Britain’s longest-serving monarch at Westminster Abbey on Wednesday, 19 September at 11:00 BST. The live news channel will be available to all subscribers regardless of their plan. While Showmax doesn’t usually offer live news channels, the Showmax Pro plan includes live news from Euronews, Africanews and Newzroom Afrika; KTN News, KBC, NTV and K24 for Kenya only; GTV, TV3, Adom TV, UTV and GHOne for Ghana only; and SABC News for…

Sierra Leone and Somaliland became Africa’s 19th and 20th states to restrict the internet amid protests According to internet monitoring organization NetBlocks, Sierra Leone and Somaliland experienced significant internet service disruptions in the past two days. On Wednesday, national connectivity was observed at just 5% of regular levels in Sierra Leone. Somaliland experienced significant disruptions across multiple providers from the early morning of Thursday. According to cybersecurity company Surfshark, both incidents happened during protests, making Sierra Leone and Somaliland Africa’s 19th and 20th states to restrict the internet for that reason. “Internet access is vital in times of unrest, and…

Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and Mizuho Bank, a leading global bank with one of the largest customer bases in Japan, have signed a Memorandum of Understanding to collaborate on project & infrastructure finance, trade finance and treasury to drive sustainable economic growth in Africa and Asia. The agreement was signed at the just concluded 8th Tokyo International Conference on African Development in Tunisia. Through this partnership, AFC and Mizuho Bank are committed to co-financing infrastructure projects in Africa across key sectors including energy, transport and telecoms. The agreement also aimed at realignment of…

The East African Business Council (EABC), the apex body of the private sector in the EAC region, congratulates H.E. Samia Suluhu Hassan, the President of the United Republic of Tanzania for allowing East Africans to invest in treasury bills and bonds security markets. “The EABC Chairman and the entire board members appreciate this bold and visionary move by Her Excellency and the Bank of Tanzania of issuing the new Foreign Exchange Regulations 2022 (8th June 2022) under the Foreign Exchange Act Cap 271, which will attract and boost cross-border investments needed to generate capital and build forward better the economy in…

Jiji Kenya has announced that it has recorded over 6 million users and 2 million ads in Kenya doubling its year-over-year performance. The online marketplace penetrated the market in 2020 when there were over ten online platforms in the market. It has since become the fastest growing e-commerce. In March 2022, Alexa, a website traffic analytics platform, ranked it as the leading platform among all, having 2.5million unique visitors monthly, compared to 1.5 million in 2021. When Jiji Kenya set up shop in 2020, there was an outbreak of coronavirus pandemic, hence it witnessed increased activities on the platform as…

To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken to the prime minister, Theresa May, and Downing Street. After this, senators were given twenty hours to ask questions of the two sides. Anthony…