Author: Kaluka wanjala

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: …

BURN manufacturing has secured a $12 Million investment to expand the distribution of clean cookstoves in Africa. BURN is a manufacturer and distributor of clean cookstoves. This latest investment was led by Key Carbon and is supported by Cartesian, a global private equity firm that invests in innovative projects. This investment will be used to distribute electric cookstoves in Kenya, Tanzania, Uganda, and Zambia and biomass stoves in Nigeria, DRC, Tanzania, and Mozambique over the next two years. In Sub-Saharan Africa, cooking with traditional cooking fuels – like firewood or charcoal – results in several negative health, environmental, economic and…

LG Electronics has announced offers across its range of electronics ahead of the Easter Holidays, and running through the first week of April. During the campaign, customers purchasing LG products at LG brandshops, as well as Opalnet and Hotpoint stores, will receive discounts of between 6% and 27%. The campaign covers diverse LG electronics including home appliances like washing machines, dryers, and wash tower, microwave ovens, and refrigerators, as well as home entertainment systems among them the LG OLED TVs, LG QNED TVs and LG Nanocell TVs, and many others. Buyers of the LG Wash Tower 13/10Kg will save KSh47,000…

Imagine calling someone who does not speak your language, say, French, then the other person speaks in French, but your phone relays the phone call to you in English. Is this even possible? Can such an evolution be already happening? Yes. It is happening through the newly-launched, AI-Powered, Samsung S24. The S24 comes with several AI-powered features, including Live Translate. This particular feature translates phone calls in real-time directly on your device. You will essentially have your translator, which will make multilingual communication easier. The feature supports the following languages; Chinese Simplified, English (India, United Kingdom, United States), French, German,…

With nearly a million developers, a flourishing cross-industry entrepreneurial mindset, and a remarkable surge in blockchain adoption, Africa’s ability to lead blockchain technology impact is undeniable. Yet, technology entrepreneurs face barriers like limited access to finance and expert mentorship. Lisk’s Blockchain Incubation Hub intends to solve that issue. Lisk is a fast and scalable Layer 2 (L2) network secured by Ethereum. As a member of the Optimism Superchain, Lisk provides builders and users some of the cheapest fees possible in the Ethereum ecosystem (currently sub 1 cent) and is actively contributing to the larger Superchain mission of onboarding the next…