LG reports record Ksh. 145 billion global operating profit for Q1

Grace MathekaApril 30, 2021

LG Electronics (LG) has released its first-quarter 2021 consolidated sales of Ksh. 1.8 trillion ($16.90 billion) and operating profit of Ksh. 145 billion ($1.36...

1 min read

Kenyan team among the US Africa Tech Challenge finalists

Grace MathekaApril 30, 2021

Following a public call-for-submissions at the beginning of 2021, 8 finalists have been invited to participate in the U.S.-Africa Tech Challenge to present thei...

3 min read

Rugby Africa launches #AfricaAsOne campaign with a solidarity camp in Tunisia

Grace MathekaApril 30, 2021

Khaled Babbou, President of Rugby Africa, has officially launched the #AfricaAsOne campaign, to drum up support for all African representatives taking African R...

2 min read

Goodwell Investments launches a Ksh. 6.5 billion fund for entrepreneurs in Africa

Grace MathekaApril 30, 2021

Goodwell Investments has launched a Ksh. 6.5 billion ($60 million) investment fund for entrepreneurs in Africa, dubbed Goodwell V. The fund will channel capital...

2 min read

Kenya ranked 21st out of 47 countries with cheapest mobile data cost in Sub-Saharan Africa

Grace MathekaApril 30, 2021

Kenya is position 21 out of 47 countries in Sub-Saharan Africa with the cheapest mobile data cost in 2021. This is according to research by Cable.co.uk. Kenya r...

1 min read

Telkom customers can now send money from T-kash to any network for free

Grace MathekaApril 30, 2021

Telkom customers can now use T-Kash, the telco’s digital financial services platform, to send money across local networks at no cost, for the next 60 days. With...

1 min read

Bolt partners with NTSA to support the Boda Boda Rider Training program

Grace MathekaApril 30, 2021

Bolt, an on-demand ride hailing platform, has partnered with the National Transport and Safety Authority (NTSA) and the National Youth Service (NYS) to support ...

1 min read

Britam registers Ksh. 9.1 Billion net loss for the year ended 31st December 2020

Grace MathekaApril 30, 2021

Britam Holdings has reported a net loss of Ksh. 9.1 billion for the financial year ended 31st December 2020. The financial services provider firm attributes thi...

1 min read

EAC partner states register Ksh. 517.6 billion loss in tourism and hospitality for the year 2020

Grace MathekaApril 30, 2021

A new EABC study on the impact of COVID-19 has revealed that the EAC Partner States are estimated to have lost international tourism receipts to the tune of Ksh...

2 min read

Borderline a Kenyan crime series starring George Mo and Victor Ber is now on Showmax

Grace MathekaApril 30, 2021

Showmax is back with a new Kenyan original crime-drama series titled Borderline. Borderline is a dangerous neighbourbood where police and criminals go to hunt w...

2 min read

1 out of 100 mobile phone users in Kenya has malware according to Kaspersky report

Grace MathekaApril 29, 2021

A recent Kaspersky research has shown that stalkerware affected one out of every 100 mobile phone users in Kenya and Nigeria in 2020, and malware every four out...

2 min read

Meta Electric launches the BYD T3 Electric vans in Kenya

Grace MathekaApril 29, 2021

Meta Electric, a subsidiary of Meta Group Africa, has launched Kenya’s first Electric service delivery vans. The launch follows a recent initiative by the UN...

2 min read

vivo smartphones are now available on online store, Jambo Shoppe

Grace MathekaApril 29, 2021

Smartphone brand, vivo, has announced its partnership with online retailer Jambo Shoppe, in an aim to increase its footprint in the Kenyan market. The move a...

1 min read

Olusegun Ogunsanya appointed as CEO of Airtel Africa

Grace MathekaApril 29, 2021

Airtel Africa has announced the appointment of Olusegun Segun Ogunsanya, as CEO Airtel Africa, effective 1st October, 2021. Olusegun will succeed Raghunath Ragh...

2 min read

Former Bridge International Academies director charged with theft of school funds

Grace MathekaApril 29, 2021

Seth Andrew, who was also a senior advisor in the federal Office of Educational Technology under President Barack Obama, has been accused of wire fraud, money l...

1 min read

Lacuna Fund announces recipients of the second round of funding for NLP technology projects

Grace MathekaApril 29, 2021

The partner organizations behind Lacuna Fund have announced the second cohort of supported projects supporting Natural Language Processing (NLP) technologies Ac...

2 min read

Pwani Oil partners with Nurses Association in war against Malaria in Kilifi County

Grace MathekaApril 29, 2021

Mombasa-based manufacturer Pwani Oil has partnered with the Kenya Professional Nurses Association (KPNA) to sensitize residents of Kilifi County on prevention a...

2 min read

Carrefour opens a new ‘Carrefour Market’ store at Nairobi’s Garden City Mall

Grace MathekaApril 29, 2021

Retail store Carrefour, owned and operated by Majid Al Futtaim in Kenya, has opened another store at the Garden City Mall, its second branch along the Nairobi-T...

1 min read

A look at the potential benefits and challenges of a U.S – Kenya Trade Agreement with AmCham

Grace MathekaApril 29, 2021

The American Chamber of Commerce (AmCham) Kenya has partnered with the U.S. Africa Business Centre (USAfBC) and Covington to publish a business trade report. Th...

2 min read

Huawei registers 16.5% dip in revenues for Q1 2021

Grace MathekaApril 29, 2021

Huawei has announced its business results for the first quarter of 2021. The company generated Ksh. 2.5 trillion ($23.17 billion) in revenue, a 16.5% decrease c...

1 min read

OKO secures Ksh. 129 Million seed funding to expand services to farmers

Grace MathekaApril 29, 2021

Insurtech start-up, OKO, has closed a Seed investment of Ksh. 129,480,000 ($1.2 million). The investment round was led by by Newfund and ResiliAnce. Mercy Corps...

1 min read

Ministry of Health partners with Novo Nordisk to defeat diabetes in Kenya

Grace MathekaApril 29, 2021

The Ministry of Health has partnered with pharmaceutical company, Novo Nordisk, and other key partners to establish an implementation plan to launch the Afforda...

2 min read

The ‘Contest Against Corona’ is back in a bid to curb COVID-19 misinformation

Grace MathekaApril 29, 2021

The COVID-19 international information campaign Contest Against Corona is back this April 21st to May 21st. The first contest which was held in December reached...

2 min read

African tech startups can now apply for the Smart Cities Innovation program 2021

Grace MathekaApril 29, 2021

Applications are now open for the Smart Cities Innovation Program (SCIP), aimed at accelerating 30 African tech startups in the fields of mobility, housing and ...

1 min read

PwC urges taxpayers to comply with 1.5% Digital Service Tax

Grace MathekaApril 29, 2021

PwC Kenya has urged taxpayers to comply with the Finance Act 2020 on Digital Service Tax (DST) that introduced a tax of 1.5% of the gross transactional value ef...

1 min read

Kenyan community initiative shows how countries can beat looming epidemics

Grace MathekaApril 29, 2021

Resolve to Save Lives, an initiative of Vital Strategies, has released an interactive digital report highlighting Epidemics That Didn’t Happen, to show how the ...

3 min read

Equity Uganda & Equity South Sudan register 84% and 62% net profit respectively

Grace MathekaApril 29, 2021

Two of Equity Group subsidiaries, Equity Bank Uganda and Equity Bank South Sudan have recorded 84% and 62% in Profit After Tax respectively, even amid the ongoi...

2 min read

Ajua acquires Kenyan AI & Machine Learning company Wayawaya

Grace MathekaApril 29, 2021

Ajua, a Customer Experience Management solution for businesses in Africa, has acquired WayaWaya, an Artificial Intelligence and Machine Learning company. W...

1 min read

Kenya bans flights from India over sharp COVID-19 spike

Grace MathekaApril 29, 2021

Kenya has suspended all flights from India for 14 days, following the spike in COVID-19 infections. All passengers arriving in Kenya are required to quarantine ...

1 min read

Uber launches electric boda bodas & bicycles for rides and deliveries in Kenya

Grace MathekaApril 28, 2021

Uber has launched electric boda bodas and bicycles for drivers on UberBoda, Uber Connect and Uber Eats in Kenya. This new development is a first for Uber in Sub...

1 min read

Nation Media Group records reduced net profit of Ksh. 48M for FY 2020 due to decline in advertising

Grace MathekaApril 28, 2021

Nation Media Group has registered a drastic decline in net profit for the year that ended on 31st December 2020. The Group's net profit dropped to Ksh. 48 milli...

1 min read

OPPO named among top 10 companies in protecting intellectual property

Grace MathekaApril 28, 2021

Global smart device brand, OPPO, has highlighted progress made in respecting and protecting intellectual property across over 40 countries and regions where it ...

2 min read

Standard Chartered launches new program to fund businesses by Women in Tech

Grace MathekaApril 28, 2021

Standard Chartered Bank has launched the Women in Tech Access to Capital initiative. It is aimed at increasing women’s participation in business. The initiative...

2 min read

Keroche Breweries launches Vienna Ice Strong Lager beer with 10% alcohol content

Grace MathekaApril 28, 2021

Keroche breweries has launched the Vienna Ice Strong Lager with a 10% alcohol content. The company has exuded confidence in the new drink which it says will gen...

1 min read

Justice Martha Koome nominated by JSC to Chief Justice position

Grace MathekaApril 28, 2021

The Judicial Service Commission (JSC) has made history as it nominated the first woman Chief Justice of the Republic of Kenya, Justice Koome Martha Karambu. The...

1 min read

Kenya’s Dr. Stellah Bosire among 3 appointed to the 2021 Advisory Committee on racial diversity

Grace MathekaApril 28, 2021

The AIDS and Rights Alliance for Southern Africa (ARASA) and Matahari Global Solutions (Matahari) have announced the founding members of the 2021 Advisory Commi...

2 min read

Digital loan companies to face tough service requirements in proposed CBK Bill

Grace MathekaApril 27, 2021

Digital mobile money lenders will have up to 6 months to be licensed by the Central Bank of Kenya (CBK). This will happen if Parliament passes a Bill proposing ...

2 min read

Ethiopian Airlines launches COVID-19 testing lab at Bole International Airport

Grace MathekaApril 27, 2021

Ethiopian Airlines has announced it's partnership with BGI Health Ethiopia, a subsidiary of China's biotech company, the BGI Genomics, to launch high-end COVID-...

1 min read

Homeschooling company, Kidato, secures Ksh. 151M in seed funding to expand

Grace MathekaApril 27, 2021

Kidato, an online homeschooling company for K-12 students in Africa, has announced that it has closed its Ksh. 151,004,000 ($1.4 million) seed investment. This ...

1 min read

Faiba 4G will soon be available for all smartphones in Kenya

Grace MathekaApril 27, 2021

Faiba is a broadband and mobile services brand in Kenya. For a long time, Faiba 4G connectivity has only been available for select devices, since 2017. Smartpho...

1 min read

GoGettaz Agripreneur Prize competition is back; applications now open

Grace MathekaApril 27, 2021

The GoGettaz Agripreneur Prize Competition is back for the third year, to inspire agrifood entrepreneurs in Africa to use their energy creativity to solve probl...

3 min read

Kakuzi receives commendation by UK’s Ethical Trading Initiative organization

Grace MathekaApril 27, 2021

Agricultural firm, Kakuzi, has welcomed a global release report issued by the Ethical Trade Initiative (ETI) acknowledging its commitments on labour rights. ...

1 min read