CS Munya Commissions Ksh 1Billion New Isuzu EA Assembly Lines

The Cabinet Secretary, Ministry of Industry, Trade and Cooperatives Hon Peter Munya, today commissioned new assembly lines at the Isuzu EA Assembly Plant constructed at a cost of Ksh 1billion. Speaking at the commissioning ceremony, Isuzu EA Managing Director, Rita Kavashe, indicated that the move was a demonstration of Isuzu EA’s manufacturing capacity to locally assemble a wide range of upcoming commercial vehicles that meet diverse customer needs in different economic sectors. “The introduction of the new assembly lines is aimed at modernizing and boosting assembly operations in readiness for…

Huawei brings Huawei y9 Prime with a panoramic viewing experience

The HUAWEI Y9 Prime 2019 is set to come out later this month. The new device boasts an all-new HUAWEI Ultra Full View Display, a completely bezel-less design free of any notches, holes or a slider. The HUAWEI Y9 Prime 2019’s 6.59 inch FHD+ Ultra Full View Display, is entirely just the display, no bezels or notches, creating a whole new viewing experience. Speaking of the soon to be launched device in the market, Huawei Mobile Country President, Steven Li said, “Huawei, a brand known for meaningful innovations for its…

Tala Celebrates Five Years of Advancing Financial Inclusion in Kenya

Tala, the leading consumer lending app in emerging markets, has disbursed loans to over 2.5 million customers globally. This was revealed during the celebrations to mark the company’s five-year anniversary. When Tala (formerly Mkopo Rahisi) launched in Kenya in 2014, it was the first in the world to offer unsecured mobile lending direct to consumers. Since then, Tala has expanded credit access across Kenya by using alternative data to instantly underwrite and disburse credit to people who have been excluded from traditional finance due to lack of credit history or…

KWFT, AAR Insurance and Bliss Healthcare launch affordable health micro-insurance product

Kenya Women Microfinance Bank (KWFT) has partnered with AAR Insurance & Bliss GVS Healthcare to launch a medical micro- insurance cover targeting low and middle income earners in Kenya. The product named KWFT Afyafit is a comprehensive and affordable medical micro-insurance at only Ksh19,800 for a family of six. The product comes with an inpatient limit of Ksh 500,000, outpatient limit of Kshs 75,000, a generous maternity limit of Ksh100,000, dental and optical limit of Ksh10,000 respectively per family. KWFT Afyafit also covers chronic, psychiatric and congenital conditions as well as…

Greenpeace: 2019-20 Budget Fails to Cater For Kenyan’s Electricity Needs

Responding to the budget speech by Treasury Cabinet Secretary Henry Rotich, Greenpeace Africa’s Senior Campaign Manager, Renee Olende has said: “The Ministry of Energy has failed Kenyans yet again. The budget has a narrow focus; catering for manufacturers will not ensure adequate accessibility and efficient supply of electricity to urban, peri-urban and rural communities. Approximately 40% of Kenya’s population has access to electricity, in contrast, only 15% of rural inhabitants benefit from electricity supply. Even in urban areas,  the quality of power is low and supply is unreliable. “Kenya’s renewable…

THREE KENYAN STARTUPS WIN FULLY FUNDED TRIP TO THE OSLO INNOVATION WEEK 

Three local startups have been selected for a fully funded trip by ICT Norway to showcase at the Oslo Innovation Week in Norway where they will have an opportunity to get funding that will transform their ideas to full businesses. The three tech enterprises, Arigiene Limited, Gjenge and Escon Leather Creations impressed a panel of judges that included ICT Norway representatives Torgeir Waterhouse and Christopher Hoff during a track event for the Nairobi Innovation Week that is currently ongoing. These startups will be funded by ICT Norway, a public sector organization that links the Norwegian…

Opera launches 2019 State of Mobile Web Report for Africa

40% of Kenyans using global mobile browser Opera Mini access online social media site Facebook, says global survey. 40% of Kenyans using global mobile browser Opera Mini access online social media site Facebook, says a 2019 State of Mobile Web Report for Africa.  The report which gives a detailed look at the digital landscape of the African region further details that eight out of ten people access Facebook on a daily basis with Opera Mini registering on average 73 million browsing results to social media platforms in Q1-2019 in Africa.  According to…

Saccos receive Sh3.8b dividend from Co-op Bank

Savings and credit societies (SACCOs) which together have a controlling stake at Co-operative Bank, have received an Sh3.8 billion dividend windfall. This year’s dividend payment is the highest ever and matches the entire initial investment by the co-operative movement in the bank, thereby enabling them to recoup their investment in full. Co-operative Bank Chairman John Murugu and Chief Executive Gideon Muriuki handed over an Sh3.78 billion cheque to the saccos’ umbrella body, Co-op Holdings Co-operative Society after the AGM. The Chairman of Co-op holding  Co-operative Society Mr. Macloud Malonza has…

Generation Africa: Inspiring young Africans to become Agri-Food entrepreneurs

Econet and Yara launch “Generation Africa”, a partnership initiative bringing the dynamism of youth entrepreneurship to Africa’s agri-food sector, with its $100,000 GoGettaz entrepreneurship competition Pan-African telecommunications, media and technology group, Econet (www.Econetwireless.com), and global crop nutrition leader, Yara International ASA, today launch “Generation Africa”, a partnership initiative to inspire young African entrepreneurs to join the agri-food sector for its viable business opportunities. Generation Africa will reach thousands of young people through its “GoGettaz”competition, which will award US$100,000 in prize money to two exceptional business ventures in the agri-food sector.…

 Plastic Ban Requires regional policy for its success

Responding to the news that the National Environment Management Authority (NEMA) has issued a warning over the return of plastic bags in the country, Greenpeace Africa’s Campaigner  Amos Wemanya has said: To curb the influx of contraband single-use plastics into Kenya, the government needs to improve its coordination and collaboration among various enforcement agencies including the NEMA, National Intelligence Service and Police units acting both within and across borders to nab the illegal suppliers of banned single-use plastic carrier bags.   “Unscrupulous businessmen and traders continue to take advantage of…