Safaricom has once again demonstrated its commitment to sustainability by securing a new KES 15 billion Sustainability-Linked Loan. This latest facility, which brings the total amount of sustainability-focused loans to KES 30 billion, follows the successful closure of a similar loan announced last year. The loan, which is the largest…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
Earlier this year, TikTok announced plans to redesign and broaden the scope of its LIVE Subscription feature, allowing even creators who don’t utilize live streaming to benefit from it. The company announced that this enhanced Subscription feature is now rolling out to eligible creators in select regions such as Brazil,…
Agent Banking Company of Uganda, Ltd (ABC) has secured an undisclosed investment from Goodwell Investments, a leading impact investor focused on promoting inclusive growth in emerging markets. This technology-driven financial services firm is dedicated to enhancing lives by facilitating access to quality and affordable financial services for all Ugandans. The…
At the ongoing UN Summit of the Future, Sundar Pichai, CEO of Google, delivered a compelling speech outlining the profound impact of Artificial Intelligence (AI) on humanity’s progress. In his address, Pichai emphasized AI’s transformative potential, aligning it with the United Nations’ Sustainable Development Goals (SDGs), while also announcing a…
Moroccan recruitment platform Kwiks has announced a successful fundraising of MAD 8 million ($827,000) from Azur Innovation Management (AIM). This marks a significant milestone for the company, which connects businesses with top freelance headhunters and aims to reshape the recruitment landscape. The newly raised capital will support Kwiks in advancing…
Hamster Kombat, a fast-growing tap-to-earn (T2E) game on Telegram, has announced that 131 million players are eligible for its first major airdrop. The game, which saw over 300 million active players between March and September 2024, disqualified millions of participants for violating rules, leaving a reduced but still significant number…
In a significant ruling delivered on Friday, Kenya’s Court of Appeal upheld the Employment Court’s decision allowing 187 former content moderators to sue Meta, the parent company of Facebook, WhatsApp, and Instagram. This landmark case marks a pivotal moment in holding multinational corporations accountable for the treatment of workers, particularly…
Innoson Vehicle Manufacturing (IVM) has unveiled Nigeria’s First Locally-Made Electric Vehicles. Cornel Osigwe, Innoson’s Head of Communications and Corporate Affairs, first announced this some days ago but he did not show us images of the electric vehicles. Now the company has shown us images of the electric vehicles on its…
Kofa Technologies Ltd., a Ghanaian clean energy company, and impact investor PASH Global have joined forces to expand Kofa’s battery-swapping network across Ghana. Backed by a £2.35 million investment from Shell Foundation, co-funded by the UK Government through its Transforming Energy Access (TEA) platform, this initiative aims to improve energy…
In a move to bolster Morocco’s water supply for agriculture and industry, the International Finance Corporation (IFC) has granted a €100 million loan (approximately US$108 million) to the OCP Group, a global leader in plant nutrition and phosphate-based fertilizers. This funding will support the construction of a 219-kilometer water pipeline…
Microsoft has introduced a new app that brings the familiar Windows experience to a wide range of devices, including iPhones, Macs, and Android devices. The app integrates Microsoft’s core virtual desktop and remote services—such as Windows 365, Azure Virtual Desktop, and Remote Desktop—into a unified platform, allowing users to access…
As Hamster Kombat continues to gain momentum, the developers have officially taken the Season 1 snapshot, marking a major milestone in the game’s journey. With the upcoming September 26, 2024 airdrop in sight, the game’s followers are eagerly anticipating what lies ahead. This snapshot, taken to determine player rankings and…
Hamster Kombat, a Telegram-based tap-to-earn game, is taking the internet by storm, rapidly gaining a dedicated fanbase of over 300 million active users sine its launch in March 2024. With a blend of cute aesthetics, competitive gameplay, and the potential to earn rewards, the game has carved out a unique…
The Coca-Cola System in Nigeria, which includes Coca-Cola Nigeria Limited and its bottling partner, Nigerian Bottling Company (NBC), has announced a significant new investment plan aimed at expanding its presence and operations in the country. Over the next five years, Coca-Cola plans to invest an additional $1 billion in Nigeria,…
The International Finance Corporation (IFC) has announced a new financing initiative for three subsidiaries of Airtel Africa plc, aimed at expanding high-speed mobile connectivity to over 37 million subscribers across sub-Saharan Africa. The $200 million loan will enable Airtel Africa to enhance its network and distribution infrastructure, with a particular…
The Central Bank of Nigeria (CBN) has reaffirmed its stance on enforcing the controversial 0.005% cybercrime levy on electronic transactions as outlined in its recently released 2024-2025 fiscal policy guidelines. This means that banks and other financial institutions would be required to deduct the 0.005% levy from all electronic transactions.…
YouTube has introduced a new feature called Hype, designed to help emerging creators gain traction by connecting them with new audiences. For videos released within the last 7 days from creators with under 500,000 subscribers, users can now “hype” them, taking support beyond just likes and shares. The more hype…
SETTLE, an Egypt-based B2B payment platform, has raised $2 million in a pre-seed funding round led by Shorooq Partners, with additional support from El Sewedy Capital Holding, Acasia Ventures, and Plus VC. This investment will accelerate SETTLE’s expansion into global markets and enhance its platform to help CFOs and business…
On Monday, Former President Donald Trump announced his new cryptocurrency venture, World Liberty Financial, during a live-streamed interview on the social media platform X. However, the announcement came amid an unsettling backdrop: Trump’s first public remarks about an apparent assassination attempt against him that occurred just the previous day. Although…
Instagram has launched a new initiative aimed at making social media safer and more positive for teenagers. The “Instagram Teen Accounts” are designed to offer a tailored experience for teens, guided by parents, with built-in protections that limit who can contact them and what content they can view. This move…