INVESTMENT IN E-COMMERCE SPACE PROMOTES GROWTH OF SMEs IN KENYA

Ebrima Fatty CEO Africa Sokoni and Michael Tokunbo Orimobil CEO Bolorims.com sign an agreement which will see AfricaSokoni operate as Bolosokoni in the Nigerian Market. Africa Sokoni signs a partnership with Bolorims.com from Nigeria an e-commerce platform as they celebrate their second anniversary. This partnership is an expansion strategy considering the unprecedented growth of SMEs and the urge to reach a wider customer base through online stores. A joint report by the Communications Authority of Kenya and the Kenya National Bureau of Statistics established that about 27% of Kenyans sold…

Kenyans to enjoy Billionaire Jack Mas’ Empowerment Initiative on StarTimes

Chinese billionaire, Jack Ma has set out to share his experience with Africa as well as financially support young entrepreneurs to build their own business empires. The Billionaire is tailoring an event dubbed the Africa Netpreneur Prize Initiative (ANPI). The ANPI is a flagship initiative of the Jack Ma Foundation, created by Jack Ma after his first trip to Africa in 2017. The aim of the prize is to support and inspire the next generation of African entrepreneurs who are building a more sustainable and inclusive economy for the future.…

Mövenpick Hotel & Residences Nairobi welcomes the Christmas Season with conservation agenda

Mövenpick Hotel & Residences Nairobi marked the beginning of the Christmas Season by setting up a recycled Christmas Tree at the Lobby. The tree by Ocean Sole Africa is made from recycled ocean trash (flip flops), as part of their environmental initiatives to conserve the marine life. Our 6-foot Christmas Tree is made from over 945 recycled flip flops, with 336 hours spent by 15 artists. Mövenpick Nairobi is keen about the environment; and as part of our CSR Initiative, we chose this environmentally friendly Christmas Tree to support a…

IPM intensifies trustee trainings on pension management

IPM Executive Director James Wanyama,CIC Pension Scheme Trustee Peter Abande &Makerere Univ Scheme Chair Audit &Risk committee David Ssenoga during the Audit,Risk &Compliance workshop in Kisumu   The Institute of Pension Management (IPM) has intensified its trainings on pension management with an aim of enhancing accountability and effectiveness of pension scheme trustees and ultimately boost market confidence on pension. These workshops are informedby the exponential growth of pension funds over the last decade. With only 20% coverage of pension in the country and over 1200 pension schemes registered under the Retirements Benefits…

Sanlam General Insurance rolls out Road Assistance services

Sanlam General Insurance, a subsidiary of listed non-bank financial services provider Sanlam Kenya, has today launched Sanlam Road Assistance, a comprehensive private motor insurance service geared towards improving the experience of its motor insurance customers. The service which is in line with the firm’s commitment to offer solutions to customer needs will provide road assistance to all motor private – comprehensive customers. This includes, on spot accident assessment, free post-accident support, towing and an optional add on for courtesy car and taxi service to complete the journey. Speaking during the…

OKash wins best mobile loan platform of at the 3rd Digital Tech Excellence Awards

 OKash, one of the popular microlending applications in Kenya, has won the award for best Mobile Loan Platform of 2019 at the 3rd Digital Tech Excellence Awards in Kenya.  The award recognizes the outstanding positive impact the microlending app has had on the everyday life of its users in Kenya.  OKash is an innovative mobile microlending application that enables easy, fast and secure access to short term loans. The app-based service utilizes artificial intelligence (AI) technology to analyze the purpose of the loan as well as the repayment behavior of…

OCTAGON NAMED AMONG TOP 100 COMPANIES SECOND YEAR RUNNING

Octagon Pension Services Limited has once again been named among the Top 100 companies two years in a row. The Kenya Top 100 mid-sized survey seeks to identify Kenya’s fastest growing medium sized companies in order to showcase business success excellence and highlight the country’s most successful entrepreneurship stories. “We are humbled to be recognised in the Top 100 SME Awards among medium-sized companies. We are glad that our effort to leverage on technology to drive efficiency and increase uptake of pension within Kenya, and the region is bearing fruits,” said…

Changes taking place within Kenya’s haulage industry

Trucks lose sometimes up to 40% of their time waiting for cargo. Without efficient and effective transport, economies stagnate CNN Eleni Giokos explores the changes taking place within Kenya’s haulage industry to streamline the process of transporting goods across the continent. Infrastructure challenges can often lead to long delays at the Port of Mombasa. Marketplace Africa writer meets truck driver Andrew Kiingi who frequently waits two days at the port for his cargo to be released. He speaks about the process,  “You have to do that waiting. It’s part of…

EkaBet Boosted Odds Changing Betting Industry

What are boosted odds? ,Majority of punters always use boosted or enhanced odd whenever they are plotting to stake the bet. Miss ,Sharon Kibuthu,the Operations Manager at ekaBet in an interview says that,an Odds Boost always moves the odds in the favor of the bettor and thus increasing the high chances of winning. She says that there are times where the odds are boosted enough that the football enthusiastic will actually forgo their entire activity for a specific event. “At EkaBet,an Odds Boost opportunity could be an increasing the payout…

Little Boda grows footprint to Nakuru

Ride-hailing company Little Cab, has launched its Boda Boda and Car products in Nakuru. Little’s clients can now enjoy a safe, convenient and affordable way of moving in and around Nakuru with minimal hassle and at affordable rates. The launch of Nakuru operations by Little comes only three weeks after a successful launch of LittleBODA product in Mombasa. The launch of Nakuru operations are in line with Little’s bigger plans of expanding its operations across the country in the short term and across the continent in the long term, thereby…