Agilitee to Open Three Franchise Outlets in December

GREENTECH Giant Agilitee is starting the roll out of its Franchise Dealerships known as Agilitee XPress which sell electric scooters and electric cars. The Green Revolution Pioneer is opening the dealership on the first of December 2022 in Cape Town and the store will also house the battery swapping infrastructure for electric two and three wheelers and the charging station for all electric vehicle brands. Agilitee will install both the swapping station for electric scooters and the charging station for cars at  the dealership. The charging system is Agilitee first…

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 focus on protecting private investments, recovering the health in infrastructure, education and nutrition as part of recovery from the multiple shocks that.   “We can accelerate African economic recovery…

OPPO Unveils Challenge to Reward Footballing Talent In Kenya

In partnership with local football star David “Chehe” Ochieng, world-leading smart device brand OPPO has  launched  the #OPPOGameTime Challenge that will see Kenyan fans bring out their best football skills. The 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 Ksh10,000 for the 2nd runners-up. Rules are simple – fans need to record a short video showing off their unique football skills. Once done, users will need to follow @OPPO Kenya  Instagram page and/or Facebook page, post…

Mogo, Platinum And Premier Credit Exposed: How a Sh16,000 Loan Accumulated Into Sh250,000 With Unexplained Interests

In 2017, John Mwangi had a medical emergency, his brother had been admitted to hospital. Broke and desperate, a friend referred him to Platinum Credit, a micro-finance that offers instant loan with motor vehicles acting as security, now a simple loan of Sh 16,000 has morphed up into Sh 250,000 with unexplained interests even after completing his payment last year on June. ‘’I wonder how they do their computation on principal amount and interests.Now my motor vehicle has been auctioned that I had offered as the security.Platinum Credit motive is…

M-TIBA Partners With BYON8 To Provide Access To Telehealth Services

M-TIBA  has announced its partnership with BYON8 to provide access to telehealth services by offering medical packages to members through the M-TIBA platform. M-TIBA provides a platform where members can access patient care digitally from specialists on the BYON8 platform. The deal was inked by the Managing director of M-TIBA, Mr. Moses G Kuria, and the CEO and CO-founder of BYON8 Mr. Josef Murad at the M-TIBA offices. The BYON8 app has many different medical packages which offer its members an unlimited monthly fee that also allows no more annual fees…

Kenyan startup tops regional tech competition

Kenya’s financial product Spark Money has beaten a field of 130 competitors to walk away with the first prize at the 2022 edition of the annual Huawei Developers Competition (HDC). Built by wealth management startup Dvara, the digital savings and investment solution is designed to improve financial wellness for both individuals and organizations. They were followed closely by Team NAC from Tanzania in second place while South African teams Astel Systems, Innovo Networks and Malcam Solutions collectively placed third. All six finalists received cash prizes and Huawei devices. Kenyan winners…

10 000 Kenyans to Access to Safe Water Following New Pact

Europe Appliance maker Beko has announced plans to mobilise investments of USD 700 000 (Sh85.2 million) for water and sanitation projects in Kenya’s hard hit areas. Through a partnership with Water.org, the firm says is on a drive to mobilise capital investments for water and sanitation loans to impact hard-to-reach communities. According to Gary White, CEO and Co-founder of Water.org, the initiative will empower 10,000 Kenyans in need of access to safe water and sanitation solutions. “Access to safe water and sanitation is an essential human right, and any barriers…

Kenyans to spend less on Christmas this year – World Remit Data

The latest results from the WorldRemit Cost of Christmas Study show that Kenyan families are expected to spend 17% less on Christmas celebrations this year compared to 2021. The average spending on Christmas is, however, expected to be 1.65 times the country’s average monthly income, highlighting the costs associated with celebrations. Now in its second year and covering 23 countries globally, the WorldRemit Cost of Christmas Study observes how the changing macroeconomic environment affects the cost of standard Christmas elements, including the main holiday meal, average gift spending and decor. The 2022…

NBK, Growth Match Africa, and UK Kenya Tech Hub Partner to offer board advisory program for startups

The 40 Advisors and 60 Growth stage startups will be participating in the speed networking program. National Bank of Kenya (NBK), Growth Match Africa and UK Kenya Tech Hub have partnered in a mentorship program dubbed “StartUp & Chill” to pair startups with strong mentors and advisors that have significant domain, technical or business expertise in their respective field of business to help them realize growth. Speaking at the 2nd edition of the Start Up & Chill event, Mr. Fred Kioko the Head of Change and Integration at NBK noted…

Kenyans to spend less on Christmas this year – WorldRemit Data

Across 23 countries observed, the average spend across food, gifts and decor will cost 156% of household incomes Cameroon, Lebanon, and Rwanda will spend the highest percentages of their income on holiday celebrations this year Christmas costs have increased across majority of countries year-over-year Increase in the price of food illustrates the impact of inflation on everyday essential items The latest results from the WorldRemit Cost of Christmas Study show that Kenyan families are expected to spend 17% less on Christmas celebrations this year compared to 2021. The average spending on Christmas…