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Kredete launches Africa’s first stablecoin-backed credit card

 New York, NY / May 23rd, 2025—Kredete, the financial technology platform helping African immigrants in the U.S. build credit through stablecoin-powered payments, today announced the launch of Africa’s first stablecoin-backed credit card. Built in partnership with Visa, Stellar, and Rain, the card gives users across 41+ African countries a simple, secure way to spend stable
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KCB shareholders approve Ksh. 9.6 Billion dividends payout for FY 2024

 KCB Group shareholders have approved a Ksh. 9.6 billion total dividends payout for the 2024 financial year. The shareholders approved a final dividend of Ksh. 1.50 per share at the Annual General Meeting (AGM) in Nairobi, as recommended by the Board. The dividend shall be paid on or about May 23, 2025, net of withholding tax
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How to apply for M-PESA Africa’s paid internship program for next-gen fintech talent

 M-PESA Africa (MPA) has opened applications for its Accelerate 360 internship program, an initiative designed to train the next generation fintech professionals. The M-PESA Africa Accelerate 360 is a 6-month internship program, based in Kenya. Interns will receive a monthly stipend, access to Learning & Development (L&D) courses, and coaching sessions with MPA leaders. A
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MaxAB-Wasoko acquires Fatura, expanding regional reach

 MaxAB-Wasoko has acquired Fatura, an Egypt-based B2B e-marketplace, from EFG Finance, a subsidiary of EFG Holding. As part of the deal, EFG Finance will join MaxAB-Wasoko as a significant shareholder, acquiring an equity stake and securing a seat on the company’s board. This follows last year’s merger between MaxAB and Wasoko, which expanded their footprint
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US-Kenya Creative Economy Forum 2025 set to boost creative industry ties

 The U.S.-Kenya Creative Economy Forum 2025 is scheduled for June 5th in Nairobi. It is organized by the U.S. Embassy in Kenya and the American Chamber of Commerce Kenya (AmCham). The U.S.-Kenya Creative Economy Forum 2025 will bring together industry leaders, investors, policymakers, and creative innovators to catalyze investment and strengthen U.S.-Kenya partnerships across creative
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Standard Chartered launches “Women in Cyber” mentorship to boost East Africa’s female cybersecurity leaders

 Standard Chartered has launched the Women in Cyber Mentorship Programme to train next generation female cybersecurity leaders. It is an initiative that is designed to cultivate the next generation of female cybersecurity leaders across East Africa. It will delivered through a combination of in-person and virtual sessions. The programme will pair mentees with industry experts, provide hands-on technical
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Aleph expands Spotify partnership to power ad sales in 80+ markets, including Kenya

 Aleph and Spotify have expanded their partnership that makes Aleph Spotify’s advertising sales partner in 80+ markets, providing access to 20,000+ advertisers. This includes Kenya. Spotify Advertising has been modernizing its ad tech, strengthening its partnerships and deepening its human expertise to make it easier for advertisers to buy, create, measure, and get clear results.
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TECH5, Visa partner with Ethiopia to launch Fayda Wallet, powering Digital ID & payments

 Ethiopia has launched the Fayda wallet, a solution designed towards enhancing financial inclusion and streamlining digital transactions. This wallet, co-developed by TECH5 and Visa is designed to address the need for verified eKYC (electronic Know Your Customer) services in both the private and public sectors. The wallet has been introduced in Ethiopia by the National
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