Author: Kaluka wanjala

Summary Kenya’s EV sector is set for growth following the $20 million investment into local manufacturer, Afrigreen Automobile, by Chinese EV manufacturer, Chery. Acording to Afrigreen Automobile, the funding will be used to set up an assembly plant in nairobi that will create over 3,000 direct and indirect jobs. Afrigreen Automobile is optimistic this deal will accelerate the adoption of Evs in Kenya as well as generate employment opportunities. Chery on its part said kenya’s skilled workforce and its strategic position as an economic hub as key factors in their decision to invest. According to Afrgreen, one of the first…

In Kenya, mobile money interoperability has been a game-changer in the financial landscape, enhancing inclusion and economic growth. By allowing seamless transactions between different mobile money providers, it has broken down barriers and opened up new opportunities for millions of people, empowering individuals and communities across the country. Kenya has been at the forefront of mobile money innovation since the early 2000s, starting with the launch of M-Pesa. Yet, transferring money between different mobile networks has long been challenging, involving extra costs and complex procedures. However, with the introduction of mobile money interoperability this situation has improved. Now, Kenyans can…

Healthcare consulting firm Salient Advisory has launched its latest market intelligence report, focusing on 24 leading Africa-focused supply chain innovators which appear to be on the cusp of more substantive impact. Funded by the Gates Foundation, the report titled “Leading Innovations Enabling Health Product Access in Africa”, finds that, amid difficult macro- economic realities and dwindling investment in African technology ecosystems, a select number of African health innovators are emerging as leaders. Having operated for 10 years on average, the 24 leading innovators collectively now partner with 100+ manufacturers and 75 public health institutions, reaching around 50,000 providers (who serve hundreds of thousands…

Here are short descriptions of seven of them. Whether you’re a seasoned trader, a crypto enthusiast, or just curious about the buzz, these seven facts will give you a fresh perspective on the world’s leading cryptocurrency exchange. 1. Zero to Hero in 165 Days Binance was launched on 14th of July 2017, and within merely 165 days, Binance became the largest cryptocurrency exchange in the world by trading volume.  What has contributed to such explosive growth within a short period of time?  According to one of Binance’s co-founders, there were a number of internal and external factors that launched Binance…

Standard Chartered has released its Global Market Outlook for the second half (H2) of 2024, providing its investment strategy and key themes for navigating global markets. The report, compiled by the Bank’s Wealth Solutions Chief Investment Office (CIO), notes that the start of major central bank rate cuts as a key turning point for investors as policymakers switch their focus towards supporting growth. The Bank’s CIO sees this as a good time to adapt to the shifting winds by: Given this environment, balanced foundation allocations comprising equities, bonds and alternative assets are likely to outperform allocations that are solely aimed…

If you are a startup founder or have a startup idea, this is your chance to get support from Antler Nairobi. This was shared on LinkedIn by Marie Nielsen, a partner at Antler Africa. The statement reads in part, “Antler Nairobi is looking to invest $2M into early-stage startups over the next 6 months. We seek 10 ambitious teams / companies to join us, each receiving a $200k investment.” According to Marie, Antler is specifically looking for individuals and teams in the following areas: You can head over to Marie’s LinkedIn page to learn more on how to take part.…

d.light achieved its highest ever quarterly revenue and profits in Q2 2024, the company announced today.Consecutive record-breaking monthly revenue figures in May and June, combined with improved operational efficiencies, led to Q2 2024 being d.light’s first net income profitable quarter in the company’s history since it was founded in 2007. d.light is on course to hit its target of 60 percent year-on-year revenue growth this financial year.Commenting on the news, d.light CEO Nedjip Tozun said, “We’ve set ourselves ambitious growth targets for this financial year and our record-breaking results in Q2 demonstrate that we’re capable of reaching new heights in…

NCBA has scrapped the monthly fees it charges its retail banking customers. The bank has announced that the changes came into effect on 1st July 2024. These changes will affect existing current account products and new products applicable for incoming customers. The bank states that the adjustments will affect consumer banking accounts including salary account, Platinum Flexi, Platinum Pay as you go, Gold Pay as you go, Premier – All-in-One, Platinum All-in-One and Gold-All-in-One. Similarly, Commercial and SME accounts such as your Business Current, Gold and Platinum will benefit from the new arrangement. “We’ve realized with the current economic landscape…

Telecommunications and data centre providers around the world, and especially in Africa, face increasing challenges in meeting the demands driven by artificial intelligence (AI) and the rapidly changing technology landscape, which is impacting their infrastructure and services. This is according to Jon Abbott, sales director for strategic telecom clients in EMEA at Vertiv, a global provider of critical digital infrastructure and continuity solutions, who recently addressed Kenyan leaders in the local telco, tower, and colocation arena in Nairobi. Abbott shared insights into the operational and technology changes that are set to reshape the entire communications networks landscape by 2030. According to the 2023 Digital…

In 2020 at the height of the COVID-19 pandemic, Sylvia Jebet Kipkemoi, a graduate of BSc. Telecommunication & Information Engineering from Jomo Kenyatta University of Agriculture and Technology (JKUAT), was stuck in the village after all learning institutions were closed following the lockdown that resulted from the pandemic. A third year at the time, Sylvia retreated to the village to take up some farm work, as the uncertainties presented by the pandemic unfolded. At the university, she was a member of an engineering club where she was in-charge of the club’s publicity. “We relied a lot on keeping in touch through printed…