Author: Kaluka wanjala

I&M Group PLC increased its operating income by 23% to KES 19.1 billion in the first half of 2023, up from KES 15.6 billion in the same period in 2022. The operating income was boosted by growth in both corporate and retail segments (29% and 28% year on year growth respectively) as it saw its diversification strategy yield fruit. The Tier 1 Bank recorded strong operating revenues across its markets, with regional businesses contributing 27% to its revenue. The Group continues to successfully execute its iMara 2.0 strategy, which is now in its 3rd and final year, focusing on business…

Article has been updated to include comments from TikTok In a meeting with Kenyan president, William Ruto, TikTok’s CEO, Shou Zi Chew, has agreed to open an office in Kenya. According to the Kenyan president, the office in Kenya will be used to coordinate TikTok’s operations in Kenya. TikTok has been under fire in Kenya recently with the kind of content on its platform. There was a petition submitted to Parliament eight days ago seeking to ban TikTok in Kenya. This was just a submission and does not mean that MPs have a set date to debate it. It remains…

Safaricom’s M-Pesa currently dominates the Kenyan mobile money market with Airtel Money coming at a distant second. Airtel Money still operates under Airtel but acts like a separate entity. This complete separation from its parent company was finalized back in 2022. With the split, Airtel Money can now build partnerships with other players in the fintech space much more easily. Just like Safaricom, Airtel Money recently raised the maximum amount customers can have in their accounts from Ksh 300,000 to Ksh 500,000. This was after approval from the CBK. The maximum amount per transaction on Airtel Money is Ksh 250,000…

INGOT Brokers has announced a new partnership with Hisa, a renowned trading app in Kenya. The  partnership was launched on the 19th of August at Mövenpick Hotel & Residence, Nairobi.  This collaboration aims to revolutionize the trading and investment landscape in Kenya – and Africa at large – by providing clients with unprecedented access to international markets. This partnership opens new horizons for traders by combining INGOT Brokers’ global expertise  with Hisa’s existing trading capabilities, as this collaboration also aims to empower Africa’s youth  to redefine their financial future. Through the collaboration, investors can now enjoy various tools  and resources…

Last month, Xiaomi Africa launched an online photography campaign to invite fans to show their photography skills with Xiaomi phones. Winners stood to win a 3-day trip to Maasai Mara. Over 1,000 heeded the call and shared their photos under the hashtag #SafariWithXiaomi and true to its promise, Xiaomi took the winners to the Mara along with some professional photographers. The winners were Patrick Philemon Kulinganila (Tanzania), John Oluwamokamiyo (Nigeria), Samson Osas (Nigeria), Victor Onokaye (Nigeria), Emmanuel Kenechukwu (Nigeria) and Yonis Mohammed (Kenya). The professional photographers on the trip were Alamin Mutunga, Nimrod Zollo and Kenneth Obina. The evolution of…

Next Media, Uganda’s largest media network, has joined forces with Wowzi to unveil Next Wowzi. This innovative platform, launched in Uganda, is poised to revolutionize digital marketing and address youth unemployment by harnessing the potential of influencer marketing. The launch event took place at the prestigious Next Media Park, attracting a distinguished audience including industry luminaries, top influencers, major corporations, and notable organizations. The occasion marked the official introduction of Next Wowzi’s pioneering platform, underlining the power of this strategic partnership. Co-founder and President of Wowzi, Mike Otieno, and Next Media’s CEO, Kin Kariisa, took the stage with shared enthusiasm.…

M-Pesa is the most popular and widely used mobile money service in Kenya. Operating under Safaricom, M-Pesa has over the years contributed to Safarticom’s massive growth and market expansion. Recently, Safaricom announced that it has raised M-Pesa account transaction limits from Ksh 300,000 to Ksh 500,000. The limit per transaction still remains Ksh 150,000 but you can make over 3 transactions before hitting the daily limit of 500k. M-Pesa transaction charges vary depending on the amount you are transacting. Sending Ksh 100 or less to a registered user is free so is sending a similar amount to Pochi la Biashara.…

Just like any streaming service, Showmax has a number of shows it has commissioned and are exclusively available on the platform. Showmax Originals are shows made in Africa by African producers and actors. There are a number of shows from Kenya, Nigeria, South African and Ghana that you can watch right now. Some of the popular Showmax Originals from Kenya include County 49 and Single Kiasi. If you want to know more about the rates and packages offered by Showmax in Kenya, you can learn more about that here. Showmax Originals Made in Kenya Kyallo Kulture Kyallo Kulture is a…

WhatsApp is a very popular messaging app but one thing it has always lacked is the ability to share high quality photos. Most times, when you send an image to your contacts, it is compressed and never looks good. Even if you select the option to share high quality images, the compression applied affects the quality significantly. I normally use Telegram if I have to send photos as the recipient gets high quality photos compared to WhatsApp. WhatsApp is finally changing this and it’s now possible to send HD quality photos through the app. This was recently revealed by Mark…

Buy Now, Pay Later products have been gaining popularity in Kenya and Africa over the last few years. E-Commerce platform, Jumia, has not had such a solution but that may change very soon. According to TechPoint, Jumia is working on this solution that could launch in Egypt soon. The company has already signed deals with 10 financial institutions in Egypt. The financial institutions will provide the credit to complete these transactions. Jumia launching a BNPL solution makes sense as the company already has the buyers and sellers on its platform. Having an option for buyers to pay for products at…