Author: Kaluka wanjala

LemFi has received Centyra Bank of Kenya’s (CBK) approval to start operating remittances to kenya. This is a significant step as it will allow seamless international payments for Kenyans in the diaspora.  Kenyans in the US and Canada can now send money directly to M-pesa, Mobile Money and Bank Accounts within minutes at zero transfer fees. LemFi says customers can do so at the best exchange rates available. The LemFi app is available on both the Google Play Store and Apple App store.  For these and more stories, follow us on X (Formerly Twitter), Facebook, LinkedIn and Telegram. You can also send us tips or…

Y Combinator has invested $500,000, in Triply, the kenya travel tech startup. The investment is to help develop products, expand operations, and partner with others in the travel industry. This investment by Y Combinator is the first to be directed to a travel tech company in Africa. Triply helps travel businesses collect payments and automate their operations. It was founded in 2021 and also lists the businesses on its marketplace with the aim of bridging the needs gap in the local travel market.  Its tools provide various solutions for different travel stakeholders from tour operators, transport providers, accommodation providers, and…

Faiba Mobile went live in Kenya back in 2018 and offers affordable data plans compared to what you get from the other network providers. This product is owned by Jamii Telecom which is a telecommunication service provider offering broadband and mobile services under the “FAIBA” brand. Faiba Mobile is a 4G only network and this means you need a 4G SIM card and have a compatible phone. Faiba Mobile has some interesting data packages such as the ‘Fisi Unlimited’ package that costs Ksh 150 and gives you unlimited internet for 3 hours. The name is quite interesting but the unlimited…

Are you one of those people who thinks gaming and gambling are two completely different things? Well, you are not right. These are created and defined as two different things. But they still have a lot of similarities that you need to know. While some are just fun and interesting, others can be problematic. Below we will reveal all of the similar elements of gaming and gambling. Bonuses And Different Rewards At first sight, you may believe that bonuses and rewards are available for online casino games only. But, these are available in video games as well. For instance, you…

Faiba Home Internet is one of the home internet service providers in Kenya. Some of the other home internet service providers in kenya include Safaricom, Zuku, Poa internet just to name a few. Back to Faiba Home internet, speeds range from 40 Mbps to 140 Mbps. The speeds you choose depend on how you intend to use your internet. If you are a heavy user who streams 4K videos, the higher the speeds, the better. It is good to contact JTL (the company behind Faiba) and inquire if there is coverage in your area before proceeding. As of April 2024,…

Kua Ventures has partnered with Startup Savanna to support the region’s SMEs. This collaboration allowed 10 entrepreneurs to pitch for a maximum of Ksh 15 million in funding for their businesses.  Central to Kua Ventures’ approach to supporting SMEs is the 3C model consisting of capital, coaching and community. The capital component consists of secured and revenue-based loans of between KES. 5 million and KES. 15 million for business growth and expansion, while the coaching aspect involves matching the entrepreneurs with local and international mentors to enhance their leadership skills and refine their business strategies. The community component on the other hand enables…

Last week, Kenya launched its first Electric Mobility (e-mobility) Draft Policy that seeks to guide the development of electric mobility in all transportation modes – road, rail, air and maritime. The policy will provide a transition framework from the use of conventional internal combustion engine (ICE) vehicles. The draft policy was developed by the National Electric Mobility Task Force. The policy has a number of objectives including the development of a comprehensive framework to promote e-mobility adoption, local manufacturing of Electric Vehicles (EVs), enhancing infrastructural capacity, and improving technical skills in the e-mobility sector. The policy will also address the…

NCBA Group has posted a profit after tax of KES 21.5 billion in its Full Year 2023 results which is a 56 per cent increase compared to KES 13.8 billion reported during a similar period in 2022. The growth trajectory for the Group remained solid driven by positive operating income and a decline in loan impairment charges by 29.9 per cent year on year. Operating expenses closed at 19 per cent up year on year driven by inflationary pressures and continued investment in the current strategic priorities. While releasing the Full Year 2023 financial results, NCBA Group Managing Director, John Gachora commented, “The Business has sustained…

Satgana, a Climate tech VC firm backing early-stage startups in Africa and Europe, has announced the final closing of its first Climate Tech VC fund. The fund reached a final close of  €8 Million in commitments from family offices and high-net-worth individuals. The fund hopes to empower entrepreneurs to create sustainable, impactful ventures for a greener future. The challenging fundraising environment have influenced the firm to close the fund early. This is even worse for first-time fund managers.  Speaking to TechCrunch, Satgana founder and general partner, Romain Diaz said, “We launched the fund mid-2022, and we have raised in the…

The Norrsken Accelerator is now accepting applications for the 2024 cohort. Application is open to any early-stage startup founders from across the world including those from Africa.  The 2024 cohort will take place at Norrsken House in Stockholm from July to September 2024. The Norrsken Accelerator is a program for flounders with a vision for a better future. It is looking for 20 early-stage impact startups to join us for an 8-week sprint in Stockholm. This program is designed to scale the growth of the startups and their impact world-wide. Being part of the Norrsken Accelerator program, startups will get: …