Stripe, a US-based payments giant, is venturing its business into Africa by obtaining Lagos-based payments firm Paystack in an arrangement supposedly worth more than $200 million. Established in 2015 by Shola Akinlade and Ezra Olubi, Paystack tackled online payments in Nigeria. Via seamlessly interfacing all multi-channel payment alternatives with traders nationwide, it empowered them to acknowledge payments from around the globe...
A few days after my last column on Africa, COVID-19 and the disruptive concept of work, I saw a screaming headline from a Time Magazine news article on the 7th of May, 2020: “South Africa Parliament Video Call Hacked With Explicit Images“. The South African Parliament, like most parliaments in the world, switched to virtual meetings, in respect for the...
Japanese automotive group Nissan is to set up a new regional business unit for Africa as it seeks to boost manufacturing capacity and infiltrate one of the world’s biggest undeveloped new vehicle markets. The move denotes a revamping of the company's disparate operations on the continent bringing them inside one entity headed by Mike Whitfield. He has previously served as...
Samsung enters into partnership with SoFi and Mastercard to create a new Samsung Money service, which will be available in the US later this summer. The company is suddenly creeping into the personal finance game with its no-fee Samsung Money cash management service and debit card for Galaxy device users, launching later this summer. Recently, Samsung shared details about its...
Britishvolt, the UK's foremost investor in battery technologies, has announced the appointment of Ray Macera as Project Director for the construction and implementation of Britain's first battery gigaplant. Macera, who is reporting directly to Britishvolt CEO, Orral Nadjari, leads one of the largest industrial investments in British history. The gigaplant will produce world-leading lithium-ion battery technology for the automotive and...
The leading pan-African banking group, Ecobank, (www.Ecobank.com) has won the coveted prize of Africa's Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence 2020. Euromoney recognises Ecobank's focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa. Carl Manlan, Chief Operating Officer of the Ecobank Foundation, said: "At Ecobank we...
Sequel to the takeover of Peugeot Automobile Nigeria (PAN) Limited, the new major investor in the company, Nesbitt Investment Nigeria Limited, recently announced its plans to provide liquid capital of $150 million over the next three years. According to Nesbitt, the fund is to "awaken this huge sleeping giant of immense economic potential." In his opening remarks on Monday 19...
Through the Standard Chartered Foundation, the Standard Chartered Bank in Uganda has unveiled a Shs 750 million cash program to support and encourage 600 youths in agribusiness as part of the 'Futuremakers By Standard Chartered' Initiative. The programme was unveiled at the Kampala Serena hotel by the Minister of Agriculture, Animal, Industry and Fisheries, Vincent Ssempijja, and it is expected...
MainOne, West Africa's premier connectivity and data centre solution provider recently on-boarded BMI-CI on its network by providing world-class, internet infrastructure and data centre solutions. BMI-CI is a financial technology company that specializes in the design, deployment and management of technological, IT and electronic payment solutions. In a bid to improve its productivity and provide robust services to its customers,...
Based on the research data analyzed and published by ForexSchoolOnline.com, Activision Blizzard stock has soared 111% over the past three years. The stock has outperformed the overall stock market, recording a 39.9% growth rate year-to-date. However, the company's revenues have taken a beating during the same period, dropping by 1.5%. Similarly, a Newzoo research report shows a drop of -18%...

Ken Giami Notes

Ken Giami Notes

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You don’t win a race sitting down; you run, in spite of the odds, to win. Set your eyes on the prize, brace up...

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