NEWS
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Evolution of the microfinance sector in Kenya: How Kenyan online businesses can thrive
According to a McKinsey report, African financial services are now undergoing a structural shift. About 10 percent of all transactions in Africa are digital and fintech revenues reached 4-6 billion USD in 2020, average fintech penetration level is from 3 to 5%, which is in line with global market leaders. Furthermore, Kenyan online business is facing abundant political and economic…
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New program to equip local teachers with laptops launched
Casa da Louisa (CDL) has launched a new programme to equip teachers in public schools across Kenya with a laptop. Known as The Walimu Co the project also seeks to provide internet, certified professional development and solar power for KES 1800 – 2500 per month. The CDL Group is partnering with global tech, regional banks and financiers (including RentCo &…
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President Ruto launches Hustler Fund to connect Kenyans with access to affordable credit
Kenya’s President Dr. William Ruto officially launched Ksh.50 billion Hustler Fund, a digital financial inclusion initiative designed to improve financial access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) in the country. The Hustler fund is a creation of the draft Public Finance Management (Financial Inclusion Fund) Regulations, 2022, thereby allowing its operationalization. The Hustler Fund provides access to responsible finance…
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More Winners Land in Qatar Courtesy of Odibets
Barely a week after the first batch of winners of the ‘Twende Qatar na Odibets’ promo landed in the Middle East, the betting firm has dispatched the second batch. The first winners landed in Qatar last week on Thursday while the second batch Wednesday night, November 30. The winners include; Kago Peter, Muthigani Michael, Masibo George, Mwangi Joseph, Obugas Lucas,Mosomi…
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Swiss Re Foundation announces $500K grant to support insurtech startups in Africa
Swiss Re Foundation has announced a USD 500,000 grant for Africa’s insurance sector to spur innovation of insurance solutions for the underserved. The funding, to be distributed through the FSD Africa’s supported BimaLab insurance accelerator programme, will unlock and accelerate the transformation of Africa’s insurance sector through innovative offerings for the sector’s unique landscape. Recently, there has been increased attention to Africa’s expanding and promising insurance sector. At the COP27…
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StarTimes upgrades bouquets ahead of festive season
Pay Television Company StarTimes Media has introduced a bouquet upgrade campaign for its subscribers ahead of the festive season. The new campaign will see subscribers on both terrestrial and satellite platforms enjoy automatic access to higher bouquets at the cost of lower bouquets for the first 15 days upon renewal of their monthly bouquets of choice. StarTimes will offer more…
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Epson Transforms Print Environment by Strengthening IoT Security
Epson’s smart printers and multi-function peripherals (MFPs) are revolutionizing the print environment by strengthening the Internet of Things (IoT) device security. This adoption has also led to the improvement of business efficiency, reducing operating and maintenance costs, as accurate, timely delivery of information leads to less device down-time and more efficient device usage. As a global leader in sustainability, Epson…
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OPPO Kenya Football Challenge Officially Launched, KES 90K Up For Grabs
OPPO Kenya has launched a football challenge that will see Kenyan fans bring out their best football skills. The smartphone company is partnering with local football star David “Chehe” Ochieng for this campaign dubbed #OPPOGameTime Challenge. The OPPO Reno8 football challenge will see the top three contestants walk away with Ksh50,000 for the winner, Ksh30,000 for the 1st runners-up and…
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57th AERC Biannual Workshop chart a path to a more resilient recovery
African economies have been urged to include food security, climate change mitigation and adaption framework in the economic agenda. This was said during the African Economies Research Conference (AERC) 57th Biannual Research Workshop. Speaking at the event, Cabinet Secretary of the National Treasury and Economics Planning in Kenya, Prof. Njuguna Ndung’u, reiterated the need for governments across the continent to…
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Landmark circular economy event encourages implementing solutions for climate and biodiversity
The 6th World Circular Economy Forum WCEF2022 will take place 6–8 December in Kigali, Rwanda, Africa. This year’s forum will focus on how the circular economy can reduce greenhouse gas emissions, support climate change adaptation, safeguard biodiversity and bring jobs and well-being to our societies. An online briefing for the media will take place on the eve of the Forum, 5 December…
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First Batch of Odibets Winners and Influencers Depart for Qatar
The lucky winners of the ‘Twende Qatar na Odibets’ promo on Thursday, November 24, departed the country for Qatar. Kenya’s leading betting firm launched the promo in September announcing they would be taking their loyal fans to Qatar for a lifetime experience. Those who departed the country for the Middle East country on Thursday include both winners and influencers. The…
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Lucky buyer to walk away with a 14 seater Matatu for Ksh 100 during Jumia Black Friday
Jumia has announced that it will put a 14 seater Commercial Matatu (van) on Flash Sale and also bring back the most popular products for the ultimate Black Friday on 25th November from 10:00 AM. The best discounts on the platform include phones, TVs, and home appliances affirming the company’s commitment to providing the best tech in Kenya at the…
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Kenyan startup Leta secures $3M in Pre-Seed funding to expand its supply chain and logistics platform
Leta, the Kenyan supply chain and logistics startup driving distribution optimization, announced the close of $3 million Pre-Seed equity round.
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MIGA further supports Kenya roads modernization with new investment
The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA) has guaranteed an equity investment by an additional investor to help upgrade Kenya’s national roads network. MIGA’s guarantees now cover $37.5 million in equity investments from a company acquired by the new investor, AIIF4 Seed Partnership GP, a fund managed by African Infrastructure Investment Managers (AIIM), which will own…
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KCB commits KES 130M to support country’s drought response initiative
KCB Bank Kenya has committed KShs.130 million to support the country’s drought response initiative, providing food and essentials to thousands of households. The support will go towards augmenting government efforts in cushioning households hard hit by the ravaging drought and who now require an urgent supply of foodstuff and water. The funds will be channeled through the Kenya Bankers Association-led…
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Afreximbank outlines $3billion Country Programme for Kenya
Kenya is set to benefit from a US$3 billion Country Programme from the African Export-Import Bank (Afreximbank). This was announced during a meeting between Kenya’s President, His Excellency Dr. William Ruto, and Professor Benedict Okey Oramah, President and Chairman of the Board of Directors of Afreximbank. During the meeting held at State House Nairobi, Prof. Oramah said the Bank was…
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[Incentro-Google Webinar] Discover how financial institutions are exploiting the performance and cost benefits of Google Cloud in Africa
When: Wednesday, 30 November 2022 Time: 10.00 – 11.00 (GMT+3) Location: Online Financial institutions are utilising Google Cloud for security, speed, reliability and scalability. This webinar is aimed at CTOs, CIOs, IT Managers & IT admins in the financial industry that are in need of scaling up their infrastructure through application mordernization. We will discuss on how GKE, Apigee API, Anthos, and Cloud Run allow Financial Institutions to modernize…
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Equity appoints Samuel Kirubi as new Group Chief Operating Officer
Equity Group has appointed Samuel Kirubi as the Group Chief Operating Officer (GCOO). Kirubi moves from the position of Managing Director, Equity Bank Uganda to head the Group operations from the Equity’s head office in Nairobi, Kenya. Samuel holds a Masters Degree in Business Administration from Moi University and a BA in Economics and Statistics from Egerton University. He is…
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Beko joins forces with Water.org to provide 10,000 Kenyans with access to safe water
Beko, a home appliances brand in Europe, announced a new partnership with Water.org to support a community programme that will empower 10,000 Kenyans in need with access safe water and sanitation solutions. According to Water.org, 15 percent of Kenyans rely on unimproved water sources, such as ponds, shallow wells and rivers, while 41% of Kenyans lack basic sanitation – facilities. These…
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Visa installs 5,300 contactless-enabled payment terminals at FIFA World Cup Qatar
Payments technology company Visa has installed More than 5,300 contactless-enabled payment terminals at the FIFA World Cup Qatar 2022. The move, the firm which is the Official Payment Technology Partner of FIFA will enable contactless purchases throughout all official venues, including eight stadiums and the FIFA Fan Festival. Visa says it will also try new payment innovations to give fans…
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