REPORT: 83% of Kenyans are happy with mobile loan apps

Microloans are small loans offered to people over a shorter period of time, typically without providing any form of security for the lender and often without requiring a credit history from the recipient. They are very similar to credit cards, but are more widely available, especially in markets where a majority of the population is underbanked. People in such markets often don’t have bank accounts or the ability to get a credit card. In recent years, the growth of the internet and easier access to smartphones have been great for…

Guinness Night Football champion to compete in continental fete

Edward Kamiru to participate in Pan-African championship in Lagos, Nigeria, after winning against 20 competitors in a Guinness Night Football Goal Challenge tournament competition. The win came after he knocked out Jeff Wachira, Enoch Kibet and Dennis Mwandikwa in the finals. The Guinness Pan-African championship will take place on 31st January 2020 which will be hosted by Guinness ambassador and football legend, Rio Ferdinand. Guinness consumers were tasked to recreate the best of premier league goals scored by English Premier League players where participants were required to hit the target…

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…

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…

Cytonn opens serviced apartment complex targeting business and leisure travellers.

Cysuites Apartments   Cytonn Investments has officially opened CySuites Apartment Hotel, the latest offering under its Private Equity arm. Cysuites is a serviced apartment complex with 32 two- bedroom apartments, 6 one- bedroom apartments and two penthouses that offer contemporary living and working spaces. “Our foray into Serviced Apartment Hotels is backed by thorough market research. Demand for serviced apartments continues to grow, evidenced by occupancy rates of up to 88%, according to our latest research data. Serviced apartments command very strong rental yields of about 12%, compared residential yields…

Ireland mission seeks key trade partnerships with Kenyan companies

Enterprise Ireland, the Irish Government’s trade and innovation agency that works with Irish enterprises to help them grow their business internationally, leads Ireland’s first trade delegation to Kenya. 25 Enterprise Ireland clients will participate in the trade mission focused on deepening trade ties between Kenya and Ireland through greater collaboration and partnership. Enterprise Ireland client exports to Kenya €29m – Kenya identified as key growth market for clients in Agriculture, Education and Construction The Irish Minister for Business, Enterprise and Innovation, Ms. Heather Humphreys will lead Enterprise Ireland’s trade mission…

Sony introduces the new EXTRA BASS Wireless Speaker with powerful sound

Enhance every beat and boost your party with EXTRA BASS™ Keep the celebration going in any location thanks to the easy to carry design and improved durability[i] Create the perfect party atmosphere with the new lighting design[ii] and colours Sony refreshes its EXTRA BASS™ wireless speaker line up in Kenya with the addition of SRS-XB32 portable speakers. Sound that packs a punch Offering deep and punchy bass sound, the XB32 from the popular EXTRA BASS™ series of speakers from Sony, has dual passive radiators which work together with stereo full…

Ericsson looking to the future and the implementation of 5G networks

Ericsson has a long history in Africa, particularly in Kenya. Nicolas Blixell Head of the Global Customer Unit MTN for Ericsson Middle East and Africa,     talks about the company’s history on the continent,  “The first deal we have made in Africa came in 1896, 120 years ago, when we installed the fixed exchange in Kenya. We started the first rollout of 2G in South Africa in 1994, we had built 2G, 3G, 4G, we are across the whole continent.” Africa is a key market for Ericsson and Blixell explains why,…

Michael Joseph: Safaricom on course to deliver 4G coverage across major towns

Safaricom says it is still on course to provide 4G coverage across every town in Kenya before the end of the year. Interim CEO Michael Joseph says development of the network remains a key strategic objective for the company in the current financial year. This year, the company has invested Sh18 billion towards increasing the number of 4G sites by 50 percent and expanded coverage to 63 percent. “Investment in network infrastructure is key to support the customer base and uptake of innovative products. The development of our 4G network…

KOFISI, LAUNCHES NEW OFFICE IN KAREN

Kofisi, provider of flexible office work space across Africa, have opened a new office site in Karen This will serve the growing market that has been witnessed in Karen while at the same time positioning itself for new clientele to meet rising demand  “As a result of population growth, and infrastructure development, affluent suburbs like Karen are evolving and a need for flexible office work space is growing.”  said Kofisi CEO Michael Aldridge. We are currently in six countries, our vision is to open in 25 cities, representing a market size…