SBM Bank Kenya has announced a strong start to 2026, reporting a profit before tax (PBT) of KShs. 246 million for the first quarter up from KShs. 12 million in Q1 2025 reinforcing the Bank’s shift from turnaround stabilisation to sustainable, scalable performance. The quarter’s results reflect disciplined execution of a CEO-led transformation agenda focused [...] The post SBM Bank Kenya Posts KShs. 246 Million Q1 Profit appeared first on TechArena.

The Hashgraph Association (THA), the Swiss-based non-profit advancing digital enablement, innovation, and education across the Hedera ecosystem, together with Exponential Science (ES), a global non-profit dedicated to accelerating emerging technologies through research, education, and ecosystem building, today announced the winners of the 2025 Hedera Africa Hackathon. The announcement marks the conclusion of the world’s largest [...] The post Hedera Africa Hackathon 2025 Crowns Winners appeared first on TechArena.

Canada is implementing a federal framework for payment service providers under the Retail Payment Activities Act, overseen by the Bank of Canada. Under this framework, registered providers are subject to requirements for operational risk management, safeguarding end-user funds, and incident reporting. The cross-border payment platform, Grey, has now been registered under the RPAA as part [...] The post Grey Secures Canada Payments Approval appeared first on TechArena.

Visa announced a new suite of six dispute resolution tools to help address the growing cost, complexity and inefficiencies of payment disputes across the global ecosystem. These tools use artificial intelligence and automation to simplify dispute handling, reduce fraud-related losses and improve operational efficiency. The new & enhanced dispute resolution tools for merchants focus on: [...] The post Visa Unveils AI-Powered Dispute Resolution Tools as Global Payment Disputes Hit 106 Million appeared first on TechArena.

iXAfrica Data Centers has announced the onboarding of Gewape Cloud Group at its NBOX1 data center. The partnership brings together iXAfrica’s hyperscale, carrier-neutral infrastructure with Gewape Cloud’s sovereign cloud model. This approach increasingly in demand among enterprises handling sensitive and regulated workloads. Gewape Cloud operates across Africa, Asia Pacific and the Americas and provides locally [...] The post iXAfrica Data Centers partners Gewape Cloud to expand sovereign cloud in East Africa appeared first on TechArena.

Botswana has launched the Botswana Tech Fund (BTF), a £50 million venture fund aimed at supporting startups across Southern Africa. Launch Africa Ventures has been appointed as the investment advisor for Phase One of the fund, marking an expansion of its role beyond deploying its own capital into managing third-party investment mandates. The Botswana Tech [...] The post Botswana Launches £50M Tech Fund to Back Startups Across Southern Africa appeared first on TechArena.

Novastar Ventures has announced the final close of its third fund, the Africa People and Planet Fund III (NVIII), at $147 million, positioning it among the largest venture capital funds focused on Africa. The fund brings together a mix of international investors, including backing from Proparco and adopts a pan-African investment approach targeting startups that [...] The post Novastar Closes $147M Fund III to Back Climate-Focused African Startups appeared first on TechArena.

Vertiv has announced it has acquired Strategic Thermal Labs, a specialist in advanced liquid-cooling technologies. The acquisition extends Vertiv’s thermal-chain strategy by strengthening engineering capability at the interface between server-side liquid cooling and supporting infrastructure—an increasingly critical factor in high-density, liquid-cooled environments supporting AI and high-performance computing workloads.  As compute requirements continue to intensify, the [...] The post Vertiv Strengthens Liquid-Cooling System Capability with Acquisition of Strategic Thermal Labs appeared first on TechArena.

SBM Bank Kenya has launched a KES 1 billion Green Finance Facility to accelerate the adoption of electric (EV) and hybrid (PHEV) vehicles. Available over the next 12 months, this dedicated fund provides consumers and businesses with accessible credit to transition to eco-friendly mobility. By lowering financial barriers to entry, the finance facility is playing [...] The post SBM Bank Kenya Launches KES 1 Billion Green Finance Facility to Accelerate EV Adoption appeared first on TechArena.

Jiji has seen a significant rise in demand for pre-owned goods. Search results in Q1 2026 showed a 70% increase in used-item searches versus the same period in 2025. This represents over 14.7 million unique searches in Q1 alone. Thus, reflecting a sustained shift in consumer purchasing behaviour. This growth outpaces interest in new items, [...] The post Kenya embraces pre-loved economy as demand for used goods surges – Jiji data reveals appeared first on TechArena.