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Mobile Tech Firm, Africa’s Talking Receives Shs. 619 Million Investment From IFC

Africa's talking
From Left Anthony – CFO, Bilha – COO and Samuel – CEO. / COURTESY
Africa's talking
From Left Anthony – CFO, Bilha – COO and Samuel – CEO. / COURTESY

Africa’s Talking, a mobile technology firm is receiving Shs. 619 Million worth of investment from the International Finance Corporation (IFC) for its expansion in Africa.

Speaking to the Business Daily, CEO Africa’s Talking, Bilha Ndirangu said that IFC would help the tech company move beyond the current markets where it has a presence.

“What we are looking for is to continue expansion into Africa and to expand our product offering,” Ms Ndirangu said.

The CEO revealed that IFC would be acquiring a stake of the firm but not how much saying that they were still in discussions.

Africa’s Talking seeks to unlock the potential of mobile communication networks across Africa by simplifying the process and technologies required to exploit them.

Their SMS/ USSD / Voice and Airtime APIs has more than 1000 active developers spanning corporates, tech start-ups, SMEs and even budding techies.

The Nairobi Headquartered firm is aiming at building the best mobile technology systems that are scalable, robust, reliable, and cloud-based, enabling end users to interface directly with telecommunication service providers across the continent.

This is in line with the objective to provide high quality connections that are cost effective for both small and large enterprises.

The company also operates in Uganda, Rwanda, Tanzania, Malawi, Nigeria and Ethiopia.

IFC says that the tech firm’s growth and expansion within the continent will provide start-ups with a chance to grow and target new markets.

 

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Written by Eva Nyambura

Content creator at Kahawatungu.com | Passionate about telling the untold story. Lover of life, music and technology. Simplicity is KEY

Email: news@kahawatungu.com

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