Industry Verticals

IBM today said it has signed IT service agreements with five African banks that are upgrading core systems or expanding products.  read more »

Hewlett-Packard (HP), has partnered with Chase Bank, Nairobi for a converged hardware infrastructure to accommodate its new software platform that runs core banking operations. The hardware solution is based on modules which will enable the bank grow at its on pace to achieve business agility.  read more »

A year after a group of venture capitalists partnered to form Venture Capital for Africa (VC4Africa), their move to back a lab in Somaliland comes as a sign that tech entrepreneur funding in Africa is moving beyond traditional hubs like Johannesburg, Nairobi, Lagos and Accra.  read more »

Safaricom has launched its new cloud offering by pledging to host its Mpesa mobile money service locally, aiming to reassure the market after downtimes caused by international transit-link failures.  read more »

Zambia's only mobile phone manufacturing company, M-mobile Telecommunications (M-Tech), is on the brink of closure as it faces growing competition from China.  read more »

As local and international banks roll out technology to provide efficient and remote banking services in Africa, South Africa's First National Bank (FNB) has managed to dominate the Southern African region.  read more »

Northeastern Africa has seen governments overthrown amid massive media coverage, while South Africa successfully hosted the World Cup. But there's an enormous land mass in between, and technology is starting to make a difference in some countries.  read more »

The Kenyan government's regulations for back up and disaster recovery plans in the banking sector has spurred growth in data centers, as businesses move to comply to new rules.  read more »

All 13 commercial banks in Sierra Leone have agreed to introduce the electronic interbank payment system (Switch) by October 2012 as a part of the African Development Bank-funded West African Monetary Zone Payments System Development Project.  read more »

Despite an upsurge in cybercrime targeting the financial sector in Africa, Standard Chartered Bank, Airtel Africa and MasterCard have partnered to launch the region's first virtual card linked to a mobile wallet.  read more »