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Solar energy: African economies' secret weapon
In recent years, the continent has become a haven for renewable energy, spearheaded by small, tech savvy companies keen on capitalizing off of the global south's hunger for energy.
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Why President Obama is skipping Kenya
Obama's snub of his Kenyan fatherland in his current trip to Africa exemplifies how overall U.S. policy toward the continent is failing.
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The apparent M-Pesa monopoly may be set to crumble
The world's leading mobile payments provider, M-Pesa, is about to see competition reach a boiling point in its home market of Kenya for the first time since it was launched seven years ago. Regulators...
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MasterCard teams with Gates Foundation on Kenyan financial services project
The Bill & Melinda Gates Foundation is giving $11 million to back a new MasterCard banking program aimed at providing credit and other services in East Africa, where cash is king. The initiative,...
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Obama’s Africa trip is all about trade, investment, and tech
When President Obama visits Kenya and Ethiopia this week, his agenda will include many issues, such as regional security and human rights. But a dominant focus of the President and his delegation will...
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Kenya pulls ad dollars from CNN after ‘Hotbed of Terror’ slur
There’s never a good time for TV companies to offend advertizers but, in a week in which media companies have seen Wall Street fears for their business model wipe tens of billions of dollars off their...
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Facebook just revealed stats about these two countries for the first time
Facebook’s first official statistics from Nigeria and Kenya show the site has close to 20 million active monthly users in those countries, Reuters reports. As of June 30, there are 15 million in...
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How tech is making African transit more Uber-like
When Madeline Zhu first moved to Cape Town from the U.S., she quickly fell in love with the city--but getting around was a challenge. She lived far from train or bus services, and had to rely on...
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Nike Is at the Center of a Kenyan Corruption Probe
This story was updated to reflect a comment from Nike. A contract between Nike and Athletics Kenya from 2011 has caused some people to question the company. Under its terms, the athletics company would...
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Here’s a Disturbing Reason Why South African Uber Drivers Are Protesting
Uber drivers in South Africa have protested the company’s decision to cut its prices during the winter months--but their reasons for doing so aren’t as straightforward as you might imagine. The...
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Kenya Burns Largest Ever Ivory Stockpile
Kenya’s president set fire to thousands of elephant tusks and rhino horns on Saturday, destroying a stockpile that would have been worth a fortune to smugglers and sending a message that trade in the...
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Uber Has a New Rival in This African Nation
Kenya’s biggest telecom company, Safaricom, is joining up with a local software firm to launch a ride-hailing company to take on Uber as it seeks new sources of revenue, its chief executive said....
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Turkey’s Anti-Gulen Crackdown Ripples Far and Wide
Barely 12 hours after a failed coup in Turkey, Somalia’s cabinet met in Mogadishu to consider a request from Ankara to shut down two schools and a hospital linked to Fethullah Gulen, the Muslim cleric...
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Japan Pledges $30 Billion for Africa Over Next Three Years
Japanese Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion in public and private support for infrastructure development, education and healthcare...
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South Korea and Kenya Make a Deal to Partner on Nuclear Energy
State-run utility Korea Electric Power Corp (KEPCO) on Friday agreed a deal on developing nuclear energy in Kenya, as the African nation looks to broaden its sources of electricity. The company and the...
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Smaller Deals in Focus as Big Private Equity Fades in Africa
A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa. But as times have got tougher for investors,...
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Research Shows Mobile Banking Lifting Hundreds of Thousands from Poverty
In a study published Friday in the journal Science, economists at MIT and Georgetown have found that a service allowing users to send and receive money on their mobile phones has significantly reduced...
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