Mdundo hits new milestone of 20 million active users across Africa ahead of 50 million users 2025 target

Mdundo.com A/S has recorded 20.3 million monthly active users in June 2022, beating the upgraded expected target of 19 – 20 million for the month, a growth of 74% compared to June 2021. The company – which released its 2025 strategic direction in June 2022 – is aiming at recording 50 million monthly active users and a positive EBITDA for the financial year ending June 2025. Nigeria remains the biggest country for the Kenyan based company with a total of 4.9 million monthly users, followed by South Africa with 3.7 million, Kenya with 2.8 million and Tanzania with 2.4 million. In addition, the company’s advertising serving platform, The Mdundo Brand Lift Tool, has improved…

Kisumu and Siaya leading in Election Related Sexual and Gender Based Violence-FIDA Report.

Siaya County has the highest number of sexual gender-based violence against women aspirants, voters, and supporters, a new report has shown. According to the Federation of Women Lawyers (FIDA-Kenya) report on Election Sexual Gender-based Violence that was conducted between April 2022 when the party nominations began and the end of June 2022, at least 745 cases were reported in 24 counties. Siaya county recorded a total of 59 cases with Samburu being the lowest with 13 cases. “SGBV is still prevalent against women aspirants, voters, and supporters. The study is…

Sports Photography Tips and Tricks From Frank Darkwah

The famous adage ‘necessity is the mother of invention’ rings true for writer turned sports photographer Frank Darkwah. Earlier, when writing about Ghanian football games Frank often faced a dearth of quality pictures to elucidate his words. It happened far too often so he decided to take some photos himself and create a repository to supplement his stories. Little did he know that he was a natural at it. Since his first game, Frank has never stopped clicking and as they say, the rest is history – or more aptly…

DRC-Based Lender Trust Merchant Bank (TMB) To Be Acquired By KCB Group Plc

KCB Group Plc has entered into a definitive agreement with shareholders of TMB to acquire a majority stake in the Democratic Republic of Congo (DRC)-based lender.   The transaction is expected to close by the end of the third quarter of 2022, subject to regulatory, shareholders and other approvals. This will see KCB acquire 85% of the shares in TMB while the existing shareholders will continue to hold the balance for a period of not less than 2 years after which, KCB will acquire their shares.   KCB will pay…

Technical Proficiency and Innovation Employed by Pwani Oil to Boost Customer Experience

Pwani Oil has today announced employing new innovations and technical know-how to produce the first ever mass-produced chocolate soap in Africa dubbed Sawa Chocolate. The move is aimed at boosting customer experience and staying ahead of the competition, while embracing modern technology in its soap  manufacturing segment. Moreover, it is informed by the need to offer customers something fresh, fun, quality and affordable which rank high among rising consumer needs. This, even as it seeks to meet growing customer demand for a perfectly formulated soap that lathers well with the…

Launch of Jumia Food Mart in Kenya Paves Way for Consumers to Enjoy Record 20-Minute Delivery

Jumia consumers will from today enjoy a record 20-minute delivery when they order basic essentials and personal care products following the launch of Jumia Food Mart on the platform. The move is aimed at tapping into the increased consumer demand for faster delivery of everyday essentials while offering convenience at its best. To support faster delivery, the company has opened new neighborhood fulfillment warehouses. Consumers will also benefit from free delivery on Jumia Food Mart. Last-mile delivery via micro fulfillment centers within the neighborhood is a new concept that will…

Launch of the Kenyan Banking Sector Total Tax Contribution study by PwC and KBA

PwC Kenya in partnership with the Kenya Bankers Association (“KBA”) have today released the 2021 Total Tax Contribution (“TTC”) study of the Kenya Banking Sector. The TTC study was produced by PwC on behalf of KBA. PwC’s TTC methodology discloses both the taxes that a company bears, such as corporate tax and Value Added Tax (“VAT”) that it is not able to recover (irrecoverable VAT), and also the taxes that banks collect as an agent of government such as Pay-As-You-Earn. “This study offers valuable insight into how banks recovered from the…

NCBA launches Kes. 2B Electric Vehicle finance deal for customers

NCBA Bank PLC today becomes the first bank to offer electric vehicle financing for its customers countrywide as part of its green finance strategy. The five-year deal will see customers enjoy asset financing of up to 80 per cent of the total cost of any personal or public service vehicle that they identify. In addition, NCBA will give a 10 per cent interest rate on reducing balance offer for electric vehicle loan applications received within the first 90 days. Currently, according to data by Ministry of Transport, Infrastructure, Housing, Urban…

Sweep South Report finds domestic workers still earning below minimum wage

The 2022 Sweep South Report on Pay and Working Conditions for Domestic Workers for Kenya and South Africa has been released. This is the fifth year that Sweep South has released their annual report, each year painting a picture of what domestic workers go through and endure. This year, the survey was sent to more than 1 000 domestic workers in Kenya and over 25 000 domestic workers in South Africa. The report continues to be the largest and most detailed survey of its kind on the African continent, offering…