The World Bank has awarded Kenya Industry of Entrepreneurship Project (KIEP) with 5,000,000,000 KES to help scale innovation and productivity for Kenyan small scall medium enterprises through International Development Association (IDA). IDA is a branch of World Bank that helps third world countries by providing grants and low-interest rate loans for projects and programs that reduce poverty and leverage living standard …

Safaricom PLC is a leading mobile network tech operator in Kenya. The company was founded in 1997 and it was a fully owned subsidiary of Telkom Kenya at the beginning. They provide a comprehensive range of highly integrated solutions in the telecommunication field. The solutions include voice and data bundles, SMS, Internet, and financial services. As from 2017 Annual Report, …

ERC20 tokens are smart contracts that run on the Ethereum blockchain. ERC is an abbreviation for Ethereum Request for Comments. ERC20 has 6 functions and 2 events. This standard was created to enable interoperability (the ability of computer systems or software to exchange and make use of information). The functions describe how tokens can be transferred. ERC20 has achieved much …

AfriLabs; The largest network of technology and innovation hubs across Africa has admitted 40 new hubs; its largest hub admission to date into its network making it a total of 100 hubs across 30 African countries. This also extends our reach to 6 new countries; Morocco, Algeria, Somali Land, Cote D’Ivoire, Angola, and Mali. The new members of the AfriLabs …

The results from Project Khokha of South Africa’s central bank has been a success. The project’s proof-of-concept trial to replicate interbank payments and settlements on an Ethereum-based platform has been approved as a success. From the report published by South Africa Reserve Bank (SARB) on a trial of the blockchain-based wholesale payment system (which lasted for nearly 3 months) has …