Author: Kaluka wanjala

Human Mobile Devices (HMD) has introduced the HMD Fusion to the Kenyan market. So What is HMD Fusion? It is one of the latest smartphones by HMD (Human Mobile Devices,). The phone was unveiled to a global audience in September 2024.a smartphone that redefines versatility and style with a sleek, rugged design and cutting-edge features. Tailored to meet the needs of tech enthusiasts, creators, and gamers alike, the phone combines cutting-edge innovation with sustainability, offering repairable hardware and a lineup of transformative accessories called Smart Outfits. HMD Fusion is equipped with a powerful 108MP rear camera and a 50MP selfie…

In response to the Central Bank of Kenya’s (CBK) recent reduction of the Central Bank Rate (CBR), I&M Bank has announced a further reduction of its Interest Rates by 0.5%, effective 23rd December 2024. This move, combined with a prior 0.25% reduction implemented on 28th November, brings the total Interest Rate reduction to 0.75% over a period of just two months. Customers impacted by the interest rate reduction have already been advised. This proactive move underscores I&M Bank’s commitment to its brand promise, ‘On Your Side,’ by enhancing access to more affordable credit for Kenyans. The Interest Rate reduction is expected to…

Equity has signed a trade credit financing agreement with BpiFrance, the public investment bank of France, to strengthen support for Small and Medium Enterprises (SMEs) across Kenya and the broader East African region. The partnership was signed and unveiled during French Week 2024, jointly organized by the French Chamber of Commerce and the French Embassy in Kenya, which culminated in the business networking event, ‘Inspire and Connect East Africa’. The partnership will provide SME investors with financing options in both US dollars and Kenya shillings, enabling them to scale their operations across the six countries where Equity operates. Dr. James…

The Samsung Galaxy S24 FE was unveiled in Kenya in October and offers flagship features at a more affordable price. You can get it in stores for around Ksh 80,000. This makes it an attractive choice for those looking for a reliable and powerful smartphone under 100k. Before we proceed, here are some of the main specs of this phone. Here are the top five reasons why you should consider this device: Display and Build Quality The Galaxy S24 FE has a 6.7-inch Dynamic AMOLED 2X display with a 120Hz refresh rate, HDR10+ support and has a peak brightness of…

The Earthshot Prize (TEP) has officially opened entries for its 2025 cohort. This marks the next chapter in its mission to spotlight innovative solutions to environmental challenges. Following a record-breaking year for nominations and a historic first awards ceremony in Africa, MultiChoice is proud to once again serve as an official Africa nominator for TEP. Deadline for entries is 4 December 2024 and those with bold ideas are encouraged to apply here. TEP is an impactful program looking for innovative solutions across  five critical Earthshots: Protect and Restore Nature; Clean Our Air; Revive Our Oceans; Build a Waste-Free World; and…

eFinance Investment Group and Cassava Technologies have signed an agreement to explore and identify opportunities for collaboration and joint expansion across Africa. The signing ceremony took place during the 28th Cairo ICT Exhibition and Conference, held under the auspices of President Abdel Fattah El-Sisi. eFinance Investment Group and Cassava Technologies plan to leverage each other’s respective strengths and experience. Cassava Technologies will bring its extensive African footprint, infrastructure, and continental experience, whilst eFinance will bring its strong market presence and reputation as Egypt’s foremost leader in digital transformation. This collaboration aims to introduce innovations to the Egyptian market, drawing on…

Africa Tech Summit Nairobi has announced that Raenest will be the headline sponsor for the second consecutive year in 2025. The seventh edition of Africa Tech Summit Nairobi, powered by Raenest, will take place on February 12th & 13th, 2025, at the Sarit Expo Centre. Now the largest tech event in the region, the B2B Summit, exhibition, and awards will connect over 2000 industry leaders, corporates, investors and international delegations. Raenest continues to redefine global financial management for African businesses and freelancers, providing innovative solutions that simplify cross-border transactions. Through its flagship platform, Geegpay, African professionals can easily open virtual USD, GBP, and EUR bank…

EFG Hermes has announced that its investment banking division had completed an advisory for an EGP 370 million working capital facility for Sylndr, Egypt’s leading online used cars player. The innovative structure of this transaction stands as Egypt’s first asset-backed working capital solution tailored specifically to the unique dynamics of Sylndr’s business model. This milestone highlights the commitment of Egypt’s banking sector to empowering startups and SMEs with creative, scalable financial solutions. Sylndr is leveraging this financing facility to support its ambitious growth strategy and enhance its operational efficiency and scalability while solidifying its commitment to revolutionising Egypt’s automotive industry.…

NCBA has posted a profit after tax of KES 15.1 billion in its Q3 2024 financial results which is a 3% increase compared to KES 14.6 billion reported during a similar period in 2023. Key Highlights Commenting on the results, NCBA Group Managing Director, John Gachora remarked, “We are pleased to announce continued strong performance in the third quarter of 2024. The underlying trends of our P&L remained solid against an exceedingly volatile operating environment which has impacted our cost of funding and put pressure on our Net Interest Income. However our fee based revenue continues to grow reflecting the…

 Check Point has announced the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform. As organisations face a 75% surge in cyber-attacks worldwide, R82 delivers new AI-powered engines to prevent against zero-day threats including phishing, malware, and domain name system (DNS) exploits. It also includes new architectural changes and innovations that drive DevOps agility for data center operations as well as simplicity and scale. “Threats are continuing to multiply exponentially, and organisations need intelligent solutions that can keep them a step ahead,” said Nataly Kremer, Chief Product Officer at Check Point Software Technologies. “Network security is increasingly strategic. Our…