Phyna is The Winner of Big Brother Naija Level Up Edition!

Josephine Otabor, also known as Phyna, has emerged winner of the seventh season of Big Brother Naija after polling a total of 40.74 per cent of the votes in the final week. The show’s host, Ebuka Obi-Uchendu, announced the winner at this season’s grand finale on Sunday, October 2, 2022. The native of Edo State beat 23 other housemates to clinch the prize after an intensely competitive 72 days. This is the second time a female housemate will against all odds, be declared the winner of Big Brother Naija.  For…

AAR Insurance Feted as the Best Digital Insurance Company in Kenya

AAR Insurance Kenya has been recognized as an insurance trendsetter and a top innovator in Kenya for its Mobile application that has digitized access to its products and services. The insurer was awarded the “Most Innovative Insurance Mobile App Kenya 2022″ & “Best New Fully Digital Insurance Company Kenya 2022” by the Global Business Magazine Awards. Commenting on the awards, AAR Insurance Kenya Acting Principal Officer Hosea Kiprop said, “the awards cements our aggressive approach towards being a technology first operation model to make products and services accessible to our customers…

Retailers move to strengthen fresh food safety, cut Ksh 72 billion losses and wastage

Kenya’s formal retailers have committed to heighten the quality of fresh foods sold across their outlets countrywide as they ramp up efforts to reduce food waste and loss. With Kenya losing 5.2 million tons annually to food waste and each individual throwing away nearly 100 kilograms of food every year, all estimated at Ksh 72 billion, the situation is dire. Under the umbrella Retail Trade Association of Kenya (RETRAK), the players have moved to strengthen the requisition, handling, storage and display processes, facilities and resources using a mix of better…

EV Manufactuer Looking to Raise $1 Billion in Capital from African Market

  The African pioneer of Artificial Intelligence and green revolution Agilitee Limited is raising about $2 billion as part of its Johannesburg initial public offering (IPO). The Company will raise $500 million in Africa, $500 million between UAE, UK, Europe and Asia. It has also been approached by a US based institutional investor who is promising $1 billion for 5% equity in Agilitee. This is a Pre-IPO capital raising as the company decided to start the capital raising while its advisors are still working on the prospectus. The company is…

Strathmore University and Adrian Kenya Collaborate to Enhance Capacity Building In Renewable Energy Solutions

Strathmore University, through its Energy Research Centre, and Adrian Kenya have today signed a Memorandum of Understanding (MoU) with the aim of enhancing capacity building in the areas of Solar Energy Certification, strengthening leadership capabilities, and provision of expert services in renewable energy solutions. Senior management members from both institutions were present, led by Prof. Izael Da Silva, Strathmore University’s Deputy Vice Chancellor for Research and Innovation, and Mr. Benard W. Njoroge, Adrian Group’s Group Managing Director. Adrian Kenya is leading in the development of solar PV solutions in East…

Safaricom, NCBA and KCB Restructure Fuliza With Free Daily Fee

Safaricom (NSE: SCOM), NCBA (NSE:NCBA) and KCB Bank Kenya (NSE:KCB) have today announced a restructuring of the popular Fuliza overdraft facility in a move that will see customers transacting on Fuliza access the overdraft facility at a free daily maintenance fee for the first three days for transactions of KSh. 1,000 and below. The move benefits more than 80% of M-Pesa customers who seek to complete their payment transactions with Fuliza credit.   Customers that borrow above KES 1,000 will also enjoy 10 – 20% discount on their Daily Maintenance Fee.   The one-off Access fee, levied when customers access Fuliza remains unchanged at 1%, establishing Fuliza as the most accessible and affordable credit facility in the country.   The new discounted rates will be effective on October 1, 2022.   “In line with our purpose of transforming lives and in the spirit of Tuinuane, we have introduced a free daily maintenance fee period for Fuliza transactions of KSh.…

Style, Luxury and World Class Elegance at the 50th Edition of Concours d’Elegance

Last Sunday was all pomp and colour as car lovers of all ages whittled away a relaxing afternoon at the Ngong Racecourse grounds at the 50th edition of Concours d’Elegance. Inspired by the extravagant Concours events in the United States and Europe, the event brought together rare and exotic automobiles, fashion and elegance from around the world to be judged by experts for their originality, historical provenance and quality of restoration. Enhancing the mood of showing up in time and in the tradition of historic Concours events, the exhibit of automobiles…

Why remittances to Kenya have remained resilient despite inflation

By Ivan Kanyali Inflation is one of the most widely discussed subjects in the world today. The rising cost of food, energy, and other commodities has had an adverse impact on the financial stability of millions of households. Many families around the world have been compelled to cut back on non-essential spending, tap into savings, or change their consumption habits amid the rising cost of living. Despite the impact of inflation on households’ finances, remittances, or money sent back home by migrants living and working abroad, have remained resilient in…

New Program By BrighterMonday and ICT Ministry to Employ 3000

3000 youth are set to benefit from an internships and job placement program through a partnership between BrighterMonday Kenya, Creative Management Consultants Ltd, and The Kenya Youth Employment and Opportunities Project (KYEOP) under The Ministry of ICT, Innovation and Youth Affairs. The partnership was ratified and announced on Monday 19th September 2022  at the Ministry of ICT offices in Nairobi, Kenya marking the start of the World Bank-funded initiative that aims to drive socio-economic development for the youth. Announcing the partnership, BrighterMonday Kenya noted that the program will lay the…

How Optiven limited is Making Real Estate markets work in Africa

Real Estate investment is a dynamic sector that has proven to provide a hedge against inflation both locally and internationally. The sector comprises different varieties such as residential, commercial offices, retail, mixed-use developments, and land. With its illustrious and solid decades of success in business, Optiven has been making inroads in empowering Kenyans in Diaspora with hugely successful engagements in the United States of America, Canada, a dozen of European Countries, United Arabs Emirates (Dubai) as well as a battery of African countries (watch more on this here: https://youtu.be/2ypaq3nIWtY) The…