Kenya: M-KOPA-branded smartphones surpass 1mln sales in first year
M-KOPA's smartphones mark a significant departure from traditional devices by embedding the company's innovative Smart Money Platform, designed to improve financial inclusion across Africa. These smartphones go beyond merely connecting users to the internet, offering customers access to vital services such as health insurance, affordable credit, and device protection. With an M-KOPA smartphone, individuals can transform their financial circumstances, grow their businesses, and achieve their economic goals.
Manufactured in M-KOPA's assembly plant in Nairobi, which has rapidly grown to become the largest smartphone factory in Africa by volume, these smartphones are setting new standards for affordability and financial empowerment. Since the factory's inception in 2023, M-KOPA has created over 400 new jobs and was awarded ISO 9001 quality certification in 2024.
Since the launch of the flagship X20 model, M-KOPA has expanded its product range to include the X2, M10, and S34 models. These devices are now available exclusively through M-KOPA's network of sales agents in Kenya, Uganda, Nigeria, Ghana, and South Africa. Additional models are expected to be released in the second half of 2025.
Jesse Moore, CEO and Co-Founder of M-KOPA, shared his thoughts on the achievement: 'Selling 1 million M-KOPA smartphones within 12 months demonstrates the trust that customers have in our brand and reputation for both quality and innovation. We are not just selling affordable smartphones: we're selling financial inclusion tools that transform lives.'
Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
International Energy Forum (IEF) Secretary General Joins African Energy Week (AEW) 2025 Amid Forecasts Global Energy Growth
Jassim Alshirawi, Secretary General of intergovernmental organization the International Energy Forum (IEF), has joined the African Energy Week (AEW): Invest in African Energies conference as a speaker. As the world's largest gathering of energy ministers, the IEF accounts for more than 90% of global oil and gas supply, and as such, Alshirawi is well-positioned to lead discussions around Africa's oil market, including trends, opportunities and challenges. Representing the global home of energy dialogue, the IEF focuses on energy security, data transparency and energy transition, uniting global energy ministers and stakeholders to advance global supply chains. Founded more than 30 years ago, the organization facilitates discussions between producing and consuming countries, offering a neutral and inclusive platform to address supply chain challenges. Alshirawi's participation at AEW: Invest in African Energies 2025 – Africa's largest energy event – is expected to further strengthen these discussions as Africa's role in global energy markets increasingly grows. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Alshirawi's participation comes as Africa moves to promote Africa-centric energy policies, ones that center around the continent's need to scale-up energy capacity while advancing a just energy transition. Given that over 600 million people currently lack access to electricity across the continent while 900 million people lack access to clean cooking solutions, many countries are advocating for a differentiated approach to the energy transition in Africa, one that prioritizes the development of low-carbon oil and gas. Organizations such as the IEF are uniquely positioned to facilitate energy dialogue, thereby enhancing a better understanding of Africa's energy dynamics. Beyond energy dialogue, the IEF provides a series of reports and data analysis, with insights supporting investments and decision-making by leading operators and financiers. In the IEF's latest Comparative Analysis of Monthly Reports on the Oil Market, the organization offers a comparison of forecasted market trends by major organizations such as OPEC and the International Energy Agency (IEA). In its comparison, the IEF outlines that OPEC predictions show global oil demand rising 1.3 million barrels per day (bpd) in 2025, driven predominantly by increased consumption of transportation fuels. The 2026 forecast will see demand rise by a further 1.3 million bpd, sustained by rising demand for mobility and petrochemicals feedstocks. At the same time, the IEA projects global oil demand to rise by 0.7 million bpd in 2025 and 720,000 bpd in 2026. These discrepancies underscore the need to connect under one platform, with AEW: Invest in African Energies 2025 emerging as a strategic forum in this regard. AEW: Invest in African Energies unites stakeholders from the global and African energy landscapes to discuss strategies for accelerating investment and development in pursuit of enhanced energy security. As a continent rich with a variety of natural resources and offering significant untapped opportunities, Africa is well-positioned to play a more central role in global supply chains. Established markets such as Angola, Nigeria, the Republic of Congo and Libya are rapidly increasing oil and gas production, targeting new exploration frontiers and incremental production projects. Concurrently, emerging markets such as Namibia, Uganda, Ivory Coast, South Africa and Zimbabwe are all driving frontier exploration, with the aim of establishing themselves as future producers. In tandem with advancements in clean energy developments – from large-scale green hydrogen to integrated solar and wind – Africa offers significant opportunities across its entire energy sector and value chain. Stepping into this picture, Alshirawi's participation at AEW: Invest in African Energies 2025 will strengthen Africa-global dialogue. His participation will not only seek to address challenges and opportunities across the global energy market but foster discussions around Africa's unique strategy to scale-up energy and advance its transition. 'As Africa's energy sector experiences rapid growth, a unique opportunity has emerged for operators, financiers and technology providers to capitalize on global demand and position the continent as a major supplier. Insights shared by the IEF have long-played an important part in de-risking investments in Africa and will continue supporting developments as companies unlock the full potential of the continent's energy resources,' states NJ Ayuk, Executive Chairman, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
a day ago
- Zawya
State Minister Calls for Rigor and Responsibility in Economic Discourse at Ethiopian Economics Association (EEA) Conference
State Minister of Finance, Dr. Eyob Tekalign, opened the 22nd International Conference on the Ethiopian Economy, organized by the Ethiopian Economics Association (EEA). In his keynote address, Dr. Eyob praised the EEA for its consistent contribution to policy-relevant research over more than two decades, highlighting the Association's role as a vital platform for evidence-based economic dialogue. In his opening speech the state minister conveyed a strong message on the importance of professionalism, analytical rigor, and responsible communication in shaping the nation's economic future. The State Minister also outlined the progress Ethiopia has made under its ongoing macroeconomic reform program, noting significant gains in inflation control, export performance, debt sustainability, and tax revenue mobilization. Beyond the macroeconomic achievements, Dr. Eyob shed light on a growing challenge in the public policy space: the need for clarity, integrity, and responsibility in economic analysis and communication. 'In recent months, we have witnessed how unclear communication or imprecise use of statistics, particularly around sensitive issues such as debt sustainability, can sow confusion and erode public confidence,' Dr. Eyob remarked. 'In today's fast-moving information environment, rigor and clarity are not optional—they are essential.' He emphasized the EEA's unique responsibility as a trusted and independent economic institution to uphold the highest standards of analysis and avoid sensationalism or politicized interpretations. Dr. Eyob underscored the Ministry of Finance's readiness to deepen collaboration with the EEA and other institutions that share a commitment to informed, evidence-based policymaking. The annual international Conference on the Ethiopian Economy brings together leading economists, academics, policymakers, and practitioners to deliberate on key economic developments and policy directions. Distributed by APO Group on behalf of Ministry of Finance, Ethiopia.
Zawya
a day ago
- Zawya
Upstream Momentum Builds in Ghana as Eni Declares Eban-Akoma Commercial and Tullow, Kosmos Extend Licenses
Ghana's oil and gas sector is showing clear signs of resurgence, underscored by Eni's recent declaration of commerciality for the Eban-Akoma complex in the Cape Three Points Block 4. Estimated to hold between 500 and 700 million barrels of oil equivalent, the find marks the country's largest offshore discovery in years and lies adjacent to Eni's existing Sankofa production hub, allowing for rapid and cost-efficient development. The African Energy Chamber (AEC), as the voice of Africa's energy sector, welcomes and strongly supports this development as a significant step forward in Ghana's upstream revival. Together with other recent industry milestones – including 15-year license extensions granted to Tullow Oil and Kosmos Energy – it signals growing confidence in Ghana's potential and stands as a testament to the bold measures taken by President John Mahama's administration to restore momentum and investor trust in the sector. Ghana Secures Long-Term Energy Commitments Last month, Tullow Oil and Kosmos Energy – alongside partners PetroSA, Ghana National Petroleum Company (GNPC) and Explorco – signed a Memorandum of Understanding to secure the extension of petroleum licenses in the Jubilee and TEN fields through 2040. While the Eban-Akoma discovery points to Ghana's geological upside, the agreement with Tullow and Kosmos underscores the country's institutional capacity to drive and sustain long-term energy growth. At the center of both developments is a renewed focus on production-led investment. Eni is preparing a development plan to bring its new find online, while Tullow and Kosmos have committed up to $2 billion to drill 20 new wells in Jubilee. These aren't speculative ventures – they're anchored in existing infrastructure, supported by regulatory clarity and structured to deliver returns for both investors and the Ghanaian state. The resulting uplift in oil and gas production will expand the country's revenue base through GNPC equity, royalties and taxes – laying the groundwork for greater investment in national development priorities such as healthcare, education and infrastructure. Crucially, Ghana's ability to secure long-term upstream commitments also sends a strong signal to global markets that the country is stable, serious and investment-ready. Expanded Output to Power Industry and Jobs Energy security is also central to both projects. Eni already supplies a large portion of Ghana's domestic gas needs, and Eban-Akoma will enhance that capacity. Under the extended production license agreement, Tullow and Kosmos have committed to delivering 130 million standard cubic feet of gas per day from the Jubilee and TEN fields, supported by a restructured pricing and payment model that enhances access for power producers and industrial users. These volumes are vital for stabilizing the power sector, strengthening energy-intensive industries and supporting job creation. With sustained drilling and field optimization, Ghana's proven and probable reserves will continue to grow, further strengthening its resource base and outlook. Ghana's institutional capacity also stands to benefit. Partnerships between Eni, Tullow and Kosmos and national bodies like GNPC and the Petroleum Commission include frameworks for knowledge transfer, technical support and regulatory alignment – all of which strengthen the country's ability to manage its energy resources. Eni's ongoing expansion, along with Tullow and Kosmos' drilling programs, is expected to directly and indirectly support thousands of jobs across engineering, logistics, fabrication and services, while creating new opportunities for Ghanaian companies to play a greater role in the oil and gas value chain. 'Ghana is proving that a clear regulatory environment, strong national institutions and consistent political will can unlock real energy growth,' said NJ Ayuk, Executive Chairman of the AEC. 'The Eban-Akoma discovery and the government's smart approach to extending production at Jubilee and TEN are exactly the kinds of moves that send a message to global investors: Ghana is open for business and serious about long-term energy security.' As Ghana works to revitalize its upstream sector and accelerate economic growth, these commitments represent crucial milestones that strengthen the country's reputation as a dependable oil and gas producer while driving energy security, building institutional capacity, creating jobs and fueling sustainable development. Distributed by APO Group on behalf of African Energy Chamber.
