Financial & Tech - Afritech Media

29/07/2025
By Editorial Desk
Artificial Intelligence, Financial & Tech

Closing Africa’s Insurance Gap with Data, AI, and Innovation

The global insurance industry faces a staggering protection gap — approximately $1.8 trillion — representing the chasm between insured and uninsured losses across health, life, crop, and catastrophe coverage. This gap is even more pronounced in Africa, where insurance penetration remains below 3% of GDP. Millions of Africans lack sufficient coverage in the face of […]

10 Ways On How To Make Money Online In Kenya

In today’s digital age, making money online has transformed from a remote dream into a tangible reality for millions worldwide — and Kenya is no exception. Whether you’re seeking a side hustle or aiming to build a full-fledged online business, the internet provides a wealth of opportunities just waiting to be explored. All you need […]

Airtel Africa Delivers Strong Q2 2025 Growth: Revenue Up 22.4%

Airtel Africa PLC has announced a remarkable financial and operational performance for the quarter ending June 30, 2025. The group’s reported revenue surged by 22.4% to $1,415 million, with an even stronger growth of 24.9% when adjusted for currency fluctuations. This achievement underscores Airtel Africa’s effective strategy execution and robust demand across various African markets. […]

EFG Finance MaxAB-Wasoko _ Fatura Acquisition

MaxAB-Wasoko Acquires Fatura For Pan-African E-Commerce Consolidation

Africa’s Largest E-Commerce and Supply Chain Super App Moves to Become the One-Stop Shop for Retailers Across the Continent MaxAB-Wasoko, Africa’s leading retail e-commerce and supply chain super app, today announced the acquisition of Fatura, an Egypt-based B2B e-marketplace, from EFG Finance, a subsidiary of EFG Holding. As part of the deal, EFG Finance will […]

Africa Advances Data Protection Laws as Ecosystem Grows – Yellow Card

Africa’s digital expansion has spurred significant progress in data privacy protection, with 39 out of 55 countries enacting data protection laws as of 2025, according to a report by Yellow Card. Among these, 34 nations have established dedicated data protection authorities to enforce compliance, the stablecoin-based infrastructure platform noted. Kenya, Nigeria, and South Africa, countries […]

I&M Bank Introduces I&M Milele Awards

I&M Bank has launched the ‘I&M Milele Rewards’ program in collaboration with Mastercard. The new program builds upon the bank’s previous card loyalty initiative, which has been rewarding debit and credit cardholders with cashback incentives on Point-of-Sale (POS) and e-commerce transactions for the past three years. The introduction of the Milele Rewards signifies a significant […]

I&M Bank Kenya Boosts Digital Transformation In Partnership With Backbase

I&M Bank Kenya has renewed its strategic partnership with Backbase, a leading provider of the Engagement Banking Platform. The collaboration aims to deliver innovative, customer-centric digital solutions across the bank’s Retail, SME, and Corporate Banking segments. Initially launched in 2021, the partnership marked a pivotal shift in I&M Bank’s focus towards enhancing its Retail market […]

$1 Investment in Digital Transformation Yields 8.30 Return, Says Huawei

Investing just one US dollar in digital transformation can generate an astonishing 8.3 US dollars return within a country’s digital economy, as highlighted in the recently unveiled Global Digitalization Index (GDI) by Huawei at GITEX Dubai 2024. Developed in partnership with the International Data Corporation (IDC), the GDI evaluates the maturity of a nation’s ICT […]

Yellow Pay payment feature now available across Africa

Yellowcard Secures $33 Million in Venture Capital to Accelerate Expansion

African crypto startup, Yellowcard, has successfully raised $33 million in venture capital funding, spearheaded by Blockchain Capital and supported by a diverse group of investors. The significant funding round will empower the company as it continues its rapid growth across the African continent. Founded in 2016 by Chris Maurice and Justin Poiroux, Yellowcard operates using stablecoins — cryptocurrencies typically pegged to the value of […]

Premier Bank Launches Tap2Pay: First Tokenized Payment Wearables in Africa

Premier Bank has partnered with Mastercard and Tappy Technologies to introduce Tap2Pay, a pioneering solution that positions the bank as the first Somali bank to offer tokenized-passive payment wearables. The innovative advancement is a significant milestone for Africa’s payment ecosystem, providing consumers with a secure, contactless payment method through advanced wearable technologies. The Tap2Pay wearables […]