Author: Kaluka wanjala

Jiji has been named the 2024 Best E-commerce platform of the year. They received the prestigious award in the “Business of the Year: Creating an Impact Online” category at the esteemed Digitally Fit Awards ceremony. The event was held at Safari Park Hotel, Nairobi.  Director of Operations at Jiji, Yuliy Shenfeld, expressed gratitude for the award. He said, “Innovation fundamentally drives the e-commerce industry. We’re truly grateful to have the trust and support of our customers. They’ve been instrumental in our success. We’re committed to empowering them to buy and sell online with ease. It’s a true honour to be…

Standard Chartered Kenya in collaboration with @iBizAfrica – Strathmore University, on Tuesday 8th October 2024, awarded Ksh 8.75 Million to seven women-led startups in the sustainability sector as part of the seventh cohort of the Women in Tech Incubation Program. The award ceremony, themed ‘Empowering Women for a Sustainable Future,’ was presided over by Standard Chartered Bank CEO and Managing Director, Kenya & Africa, Mr. Kariuki Ngari, Standard Chartered Head of Corporate Affairs, Brand and Marketing, Kenya & Africa, Ms. Joyce Kibe, Strathmore University Vice Chancellor, Dr. Vincent Ogutu, and @iBizAfrica-Strathmore University Director, Dr. Joseph Sevilla. “We are immensely proud…

Visa has announced the launch of the Visa Airport Companion (VAC) app. This is a premier digital solution made to enhance airport lounge access for eligible Visa cardholders. This has been developed in partnership with DragonPass, a leading global travel and lifestyle service platform. This new app will replace the existing lounge access program. Some of the benefits of the Visa airport companion app include access to more than 1,200 lounges across more than 140 countries for eligible cardholders. It provides detailed information regarding participating lounge locations, real-time eligibility checks, and tracks the number of visits redeemed versus remaining eligibility…

Yesterday, Visa announced the launch of the Visa Tokenized Asset Platform (VTAP). According to the company, this new platform allows banks and financial institutions to integrate blockchain technology by issuing and managing fiat-backed tokens. This helps bridge the gap between traditional currencies and blockchain networks. What is VTAP? VTAP is a B2B solution made for financial institutions. It helps the financial institutions mint, burn and transfer fiat-backed tokens such as tokenized deposits and stablecoins. “Visa has been at the forefront of digital payments for nearly sixty years, and with the introduction of VTAP, we are once again setting the pace…

Vertiv has announcd the introduction of Vertiv EnergyCore battery cabinets. Factory assembled with LFP (Lithium-Iron-Phosphate) battery modules and Vertiv’s internally-powered battery management system, Vertiv EnergyCore cabinets are available globally and are qualified for use with most current and legacy three-phase Vertiv™ uninterruptible power supply (UPS) systems, including the recently launched Vertiv Trinergy. Vertiv EnergyCore cabinets are optimised for five minutes end-of-life runtime at 263kWb per each compact, 24” wide (600mm) cabinet, and operate across a wide temperature range, making them suitable for high-density environments. Lithium batteries are more compact and lighter than VRLA alternatives, allowing users to deploy fewer battery cabinets in most applications.…

Spotify recently hiked rates for its premium subscription plans in Kenya. You will now be expected to pay a little bit more than what you are used to. The free plan still exists, and the premium plan is meant for those who want additional features. Spotify officially launched in Kenya a few years back and is one of the popular music streaming apps at the moment. It has a free plan that gives you access to all its content with some feature limitations. It is perfect for anyone who just wants to stream music legally without many restrictions and is…

Scammers in the crypto space are always looking to exploit some users’ lack of awareness and vigilance. The irreversible nature of blockchain transactions makes falling victim to such scams especially painful, making continuous education on evolving threats a necessity for every crypto user. Fake service scams that are the focus of today’s blog can come in a variety of forms, from counterfeit hardware and software to fraudulent services like shipping, fund recovery, customer support (such as upgrading a crypto exchange account to VIP level), or promising to solve non-existent account issues. All of these tactics aim to facilitate stealing funds…

Last week, the Competition Authority of Kenya (CAK) fined Mogo Kenya Ksh 10.9 million for misleading its customers. The Authority accused Mogo of engaging in false and misleading representation and unconscionable conduct against its customers. Mogo specializes in car financing and logbook loans has been ordered to refund 3 loan customers a total of Ksh 344,030. This is to cover the excess charges they incurred during repayment as well as any discrepancies in the dollar exchange rate applied during loan issuance. The CAK reports that it has been investigating Mogo since May 6, 2023 after it received complaints by 4…

Safaricom through its youth platform Safaricom Hook has today officially kicked off a nationwide series of upskilling bootcamps dubbed the ‘Safaricom Hook Circle,’ aimed at empowering young people around 3 pillars: in technology, careers, and culture. The inaugural bootcamp, held at Chuka University in Tharaka Nithi County, witnessed more than 4,000 participants from the university and surrounding areas engage in masterclasses led by a host of expert partners. “Safaricom Hook Circle aims to connect youth all over Kenya to opportunities that will propel them to succeed in their area of interest. In Collaboration with our partners, we will provide youth…

AfricInvest and The Health Finance Coalition (HFC) today announced the final close of the pan-African Transform Health Fund (THF), an innovative blended-finance fund that aims to bolster healthcare systems in Africa by scaling proven and innovative healthcare models across the continent. Under the management of AfricInvest, a leading pan-African investment platform active across private equity, venture capital and private debt, in collaboration with the Health Finance Coalition, a group of leading global health funders, the Transform Health Fund exceeded its initial target, raising $111 million, through commercial, public, and private donor investments. Notable fund investors include Royal Philips, the International…