Author: Kaluka wanjala

Update: The article has been updated to clarify that the booking fee is charged to riders and not drivers Bolt Kenya has announced its decision to suspend the booking fee imposed on riders for every trip taken. Previously, this fee constituted approximately 5% of each ride, in addition to the 18% charged to drivers for completed trips. Bolt has clarified that the booking fee was not charge to the drivers but rather to the riders. The company says this is for maintenance of the app. The 18% commission is charged to the drivers while the 5% is charged to riders.…

By Sam Mkhize Head of Compliance for Binance in Africa  The World Economic Forum (WEF) recognizes blockchain as a technology capable of creating innovative opportunities and disrupting existing businesses by enabling decentralized digital transformation. It excels in embedding trust, improving data and information sharing, eliminating unnecessary intermediaries, and finding applications in various domains, including cryptocurrencies, financial services, data tracking, contract management, and bolstering data security. The technology offers a rich feature set that, when boiled down to its core, enables users to share information and value within a tightly secured ecosystem that meets specific needs. One such use case -…

In response to the ongoing shifts in the macroeconomic environment,, LOOP has announced that it will be raising its short-term lending rates. , LOOP has adjusted their Base Lending Rate to 16.7%, starting from the 17th of November, 2023. Here’s how this change will affect your current loan facility: Stay tuned to LOOP’s channels for more updates. Read: LOOP introduces its Revamped Super App – Here is how to download and Get started

Standard Chartered Bank and @iBizAfrica have announced the 6th cohort of the Women in Tech Incubator program. Themed ‘Leveraging Technology for Impact,’ the ceremony witnessed the felicitation of seven outstanding women-led businesses, each receiving a share of the USD 70,000 award. This event not only recognized their achievements but also highlighted the pivotal role of technology in shaping Kenya’s entrepreneurial landscape. Launched in March 2023, the Women in Tech program attracted an impressive array of over 250 startups spanning sectors like agriculture, finance, transportation, health, and construction. From this pool, 15 exceptional women-led startups were selected for a rigorous 3-month…

According to Kaspersky research on mobile cyberthreat dynamics in Q2 2023, threats for mobile devices are growing worldwide. In particular, the number of mobile threats for Android devices detected and blocked by Kaspersky in the Middle East, Turkiye, and Africa (META) region increased by 5% in Q2 2023 when compared to the same period last year. Given the ubiquity of mobile devices in Africa, recording such an increase is a cause for concern. Among the most prevalent mobile threats that were detected in Africa are adware and mobile banking threats. The Kaspersky report indicates substantial adware detections in Q2 2023,…

Airtel Money has today announced it will increase its Withdrawal charges as well as transaction charges when sending money from Airtel Money to other networks. The changes take effect from today and will see those withdrawing anything between 50k and 250k pay Ksh 300 as the withdrawal fee. This is up from Ksh 270 that has been the fee for such withdrawals.  “We have reviewed our Airtel Money transaction fees to enable our customers to continue enjoying affordable prices while transacting through their mobile money wallets.” Said Airtel Money Kenya MD Anne Kinuthia-Otieno. There are no changes to sending money…

LG Electronics East Africa has launched its Service Center Campaign, which aims to continue promoting LG’s exceptional service policies in providing unparalleled customer satisfaction. It succeeds the successful Last Mile campaign that sought to enhance LG’s after-sale services through a network of service centers strategically located in key towns.    The Service Center Campaign, unveiled today, reinforces LG Electronics’ unwavering commitment to its customers by focusing on three fundamental objectives: Raising Awareness of LG’s Service Policies; Enhancing Customer Satisfaction, and Promoting the Unique Selling Points of LG’s Service Policies. The Campaign will further showcase the advantages of choosing LG Electronics for the ultimate peace of…

Dimension Data has launched a unified network and security service that consolidates several capabilities addressing IT operations and Cyber security risks .This is made possible by taking advantage of the power in cloud delivered services from our strategic partner , Cisco technologies . The new service, Managed Secure Software-Defined Wide Area Network, will enable both large and small enterprises deliver seamless secure access of applications and services to users on wherever they may be in new dynamic environment , post COVID-19 . The service is highly scalable and agile to respond to the elastic needs of the modern workplace. It will enable…

Xiaomi has expanded its smartphone portfolio in Kenya with the introduction of the Redmi 12. The phone is available starting from Ksh 20,799. Xiaomi says it is a smartphone that redefines the game by offering top-tier specifications at an unbeatable price The Redmi 12 has a 6.79 inch FHD+ display and is powered by the MediaTek Helio G88 processor. The display has an adaptive 90Hz refresh rate and is SGS Low Blue Light certified. With cameras being important for most phone buyers, the Redmi 12 has a triple camera system at the back. At the core is a 50MP main…

Safaricom recently held a cyber security summit dubbed, “Becoming a Cyber Resilient Organisation”. More than four hundred experts in information technology sector in Nairobi participated either physically or virtually. The main purpose of this move was to counter the increasing cyber threats against business entities, state organizations and individuals. This took place within the context of Cybersecurity awareness month reiterating the significance of the issue of concern. The Chief Corporate Security officer of Safaricom PLC, Nicholas Mulila addressed attendees on the changing dynamics of cyber threats. He underlined the fact of high professionalism of the cybercrime, the invisible and deceptive…