Starlink Activates New Ground Station In Nairobi to Improve Service
Moove expands to Brazil and Old Mutual preps its digital bank
Starlink has gone live with a new ground station in Nairobi, Kenya to help with Starlink internet service in the country.
Speaking of Starlink, the company doubled its market share in the fixed operator space in Kenya.
In The News This Week:
Moove Acquires Brazil’s Kovi to Expand Latin America Footprint
Moove, an Africa-born mobility fintech backed by Uber, has acquired Kovi, a Brazilian urban mobility provider, in an all-share transaction.
The deal, which remains undisclosed in value, makes Kovi a wholly owned subsidiary of Moove.
LemFi Acquires Irish Currency Exchange Company for European Expansion
Lemfi, a financial services platform for immigrants, has acquired Irish currency exchange platform Bureau Buttercrane, securing a key regulatory approval for its European expansion.
Ghana’s Remittances Grew to $6.6 Billion in 2024
According to data from the Bank of Ghana, inward remittances to Ghana grew to $6.6 billion at the end of 2024, a 43% increase from 2023.
In the rest of the news:
HR Startup Bento Africa Pauses Transactions as CEO Resigns Amid Tax Scandal
Smile ID’s 2025 Fraud Report: How AI is Reshaping Digital Identity in Africa
Swedfund backs climate-resilient infrastructure, digital connectivity in Africa and Asia
East Africa Launches Upgraded Customs Platform to Boost Trade
Finance App Usage and Revenue are Surging in Sub-Saharan Africa – AppsFlyer Report
Kenya Makes Travel Exemption for Majority of African Nationals
Africa Ecosystem Activity
Applications open for latest Tony Elumelu Entrepreneurship Programme
SA’s NjiaPay raises $1m to simplify payments for African businesses
SA fintech startup Stitch acquires in-person payments provider ExiPay
Egyptian ed-tech startup Eyouth in $6m digital skill development partnership
Egypt’s Fincart raises pre-seed funding round to boost tech, expand network
Proparco invests $10.4m in AfricInvest’s latest SME-focused fund
Event: Webinar
On February 6th, 2025, Tech Labari will be moderating an online webinar in collaboration with Kora.
Tech Labari Editor-in-Chief Joseph Kuuire will be moderating a panel where the discussion will focus on fintech in Africa and focus on the potential of embedded finance and its opportunities for Africa in 2025
Register using the webinar link: https://live.zoho.com/Wv0jtIVHRC
Tech Events in 2025
Mark your calendars, because in 2025, these tech gatherings promise to ignite ideas, forge connections, and propel the continent’s tech revolution forward.
You can find more events on Labari Insights. Sign up for free.