Annie Njanja
Plans by Kenya’s Assets Recovery Agency (ARA) to withdraw its second case against African fintech giant Flutterwave have been shot down by the country’s third highest court, the High Court.
The agency had in August last year frozen $3 million belonging to Flutterwave, Hupesi Solutions, and Adguru Technology Limited...
The public transit sector in Kenya is driving the country’s electric vehicle adoption as global calls for a switch to sustainable transport continue.
For the first time last year, commercial electric mass transport buses were deployed to various routes across Kenya’s capital, Nairobi, marking the beginning of the transition...
The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund by early-stage VC E3 Capital, and emerging markets-focused investment bank Lion’s Head Global Partners, has hit the first close at $48.1 million.
The E3LCEF limited partners include FMO, the Dutch entrepreneurial development bank; Swedfund International AB, the Swedish...
Meta’s content moderation partner in Africa Sama was earlier today compelled by a Kenyan court to pay April salaries to a section of moderators it had left out. The direction comes days after moderators picketed at Sama headquarters in Kenya demanding April pay.
The court gave the orders following...
Kenya is proposing a special tax regime on startups’ Employee Share Ownership Plans (ESOPs), as it aligns to its plan to spur innovation.
The finance bill 2023 proposes the deferment of taxes on employee-allocated shares, recommending for them to apply after the expiry of five years from the time...
Content moderators under Sama, Meta’s content review sub-contractor in Africa, earlier today picketed at the company’s headquarters in Kenya demanding April salary, while urging it to observe the court orders that barred it from conducting mass layoffs.
The demonstrations came after Sama, in an email, instructed moderators to clear...
A Kenyan court has ruled that Meta can be sued in the East African country over alleged unlawful sacking and blacklisting of content moderators, and dismissed the social media giant’s application that sought to have the case thrown out.
Meta Platforms Inc and Meta Platforms Ireland Ltd wanted the...
Meta’s main content review partners in Africa have been restrained from offering moderation services to the social media giant, and it is unclear who is currently assessing its platforms in sub-Saharan Africa.
A Kenyan court through interim injunctions barred Meta from engaging its new partner, Majorel, reserving that role...
The U.S International Development Finance Corporation (DFC) has made equity investment to the tune of $25 million in a new fund by Pan-African venture capital firm Novastar Ventures, to back founders building agriculture and climate solutions.
The DFC revealed details of the transaction, and Novastar’s new investment vehicle, the...
A Kenyan court has today upheld interim orders issued last week, temporarily barring Meta from engaging its new content moderation subcontractor, Majorel, pending determination if the social media giant can be sued in the East African country.
This is not the first time that Meta is claiming to be...