Nigeria success buoys European mobile firm expansion plans

February 19, 2015 8:45 am2 comments
Fly Mobile launch in Lagos, Nigeria

LAGOS – A European mobile firm said it was building on its success in Nigeria to expand further into the African continent. Fly, as part of its expansion plans said it would be launching an array of new products, mainly smartphones, in 2015. Fly, which entered the country last year, […]

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WorldRemit secures funding to spur global growth

February 18, 2015 9:44 am1 comment
WorldRemit founder and Chief Executive Officer, Ismail Ahmed

JOHANNESBURG – WORLDREMIT, the online money transfer service, announced it has raised $100 million from a round of funding led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners. This investment will allow WorldRemit to extend its existing reach of 50 send countries and 117 receive countries, […]

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Mobile money uptake soars in Kenya

7:13 am1 comment

NAIROBI  – KENYA’S mobile money uptake has grown significantly to Sh 2,37 trillion in 2014, the Central Bank of Kenya (CBK) revealed. This is up from Sh 1, 9 trillion. According to statistical data from the central bank, the latest transaction represented a 24,7 per cent increase within a period […]

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