Monday, March 16

Tag: East Africa

Samia wins Tanzania election as hundreds feared dead in unrest
World

Samia wins Tanzania election as hundreds feared dead in unrest

President Samia Suluhu Hassan has been declared the winner of Tanzania's presidential election, securing another term in office amid days of unrest across the country. According to the electoral commission, Samia won 98% of the votes, nearly sweeping the 32 million ballots cast in Wednesday's election. International observers have expressed concern over the lack of transparency and widespread turmoil that has reportedly left hundreds people dead and hundreds injured. The nationwide internet shutdown is making it difficult to verify the death toll. The government has sought to play down the scale of the violence - and authorities have extended a curfew in a bid to quell the unrest. "I hereby announce Samia Suluhu Hassan as the winner of the presidential election under the Chama ...
Roqqu acquires Kenya’s Flitaa as Nigerian startups eye East Africa
Technology

Roqqu acquires Kenya’s Flitaa as Nigerian startups eye East Africa

Nigerian cryptocurrency exchange Roqqu has announced its acquisition of Flitaa, a Kenya-based crypto startup, as part of its expansion into East Africa. Per TechCabal, the acquisition gives Roqqu immediate entry into Kenya’s fintech market and marks the company’s first footprint in the region. Flitaa, founded in 2019, operates in Kenya, Ghana, Uganda, and Tanzania. The company allows users to buy and sell cryptocurrencies and has built a customer base through its simplified crypto transaction services. While the value of the acquisition remains undisclosed, Roqqu stated that Flitaa’s operations will be integrated into its platform. Roqqu has been operating since 2019 without raising external capital, and the acquisition aligns with its vision to become a pan-Af...
I&M Bank Partners with ThetaRay to Deploy Full Cognitive AI Financial Crime Compliance Platform Across East Africa
Technology

I&M Bank Partners with ThetaRay to Deploy Full Cognitive AI Financial Crime Compliance Platform Across East Africa

ThetaRay , a global leader in Cognitive AI financial crime compliance, today announced a landmark partnership with I&M Group PLC, a leading Regional Financial Services Group in Africa. The partnership will see the deployment of ThetaRay’s advanced AML (Anti-Money Laundering) platform across I&M Group’s operations in Kenya, Tanzania, Rwanda, Uganda, and Mauritius. This implementation spans the entire compliance lifecycle, from onboarding and sanctions screening to dynamic customer risk assessment, transaction monitoring, alerting, investigations, and regulatory reporting. Consolidating multiple processes into a single unified system will allow I&M Group to move beyond fragmented and manual compliance operations, to a centralized, AI-powered framework capable of scaling acros...
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