Author: Kaluka wanjala

LG Electronics today announced third-quarter 2021 consolidated revenues of USD 16.23 billion (Ksh 1.752 trillion), an increase of 22 percent from the same quarter last year, and the highest quarterly revenue in the history of the company. Growth in sales of premium home appliances and entertainment products such as OLED and large screen TVs powered the strong Q3 2021 performance, shrugging off supply chain constraints especially semi-conductors, due to the impact of Covid-19. Profitability also increased significantly during the quarter but was partially offset by a one-time charge. Operating profit of USD 466.99 million (Ksh. 50.42 billion) was 49.6 percent…

Equity has once again been named among global giants in banking. The Kenyan lender has been ranked position 39 globally on return on assets, position 71 on return on capital, and position 149 on soundness (Capital Assets to Assets ratio), in the Top 1,000 World Banks 2021 by The Banker magazine. This evaluation is derived after analysing banks through eight categories: growth, profitability, operational efficiency, asset quality, and return on risk, liquidity, soundness, and leverage. Overall, Equity was ranked 22nd in Africa and 761st globally based on its Tier 1 capital base of USD 1,096 million. Equity’s exemplary performance in…

Microsoft has announced more than 90 new services and updates that highlights the organization’s commitment to addressing the trends and exploring breakthrough ways of connecting people, organizations, and ideas in the increasingly digital world. This was announced at the ongoing Microsoft Ignite 2021, a worldwide event that brings together over 100,000 executives to experience the company’s latest and greatest technologies while also receiving a sneak peek at upcoming products and services that will be available in the future. “Microsoft Ignite is an opportunity for us to show the results of our efforts across a wide spectrum of products in several…

Advanced persistent threat (APT) actors continuously advance their ways of working. While some choose to remain consistent in their strategy, others adopt new techniques, tactics and procedures. In Q3, Kaspersky’s researchers witnessed Lazarus, a highly prolific advanced threat actor, developing supply chain attack capabilities and using their multi-platform MATA framework for cyber-espionage goals. This and other APT trends from across the world are revealed in Kaspersky’s latest quarterly threat intelligence summary. Lazarus is one of the world’s most active threat actors and has been active since at least 2009. This APT group has been behind large-scale cyber-espionage and ransomware campaigns…

The Tecno Camon 18 was recently unveiled in Kenya and is currently available in the country for Ksh 22,000. This is not that much but is still on the higher end when compared to previous Camon devices. Speaking of previous Camon devices, the Tecno Camon 18 is the successor to the Tecno Camon 17 series that we reviewed earlier this year. The Camon 17 series was a good one offering good value for money and I am interested to see what the Camon 18 series has to offer. I have the Tecno Camon 18 in for review and since I…

Consumer appliances manufacturer LG Electronics is moving to tap into the fast-growing on-demand laundry market in East Africa with a new concept targeting clientele looking for superior home washing services. LG has partnered with vendors and local entrepreneurs to roll out stores in strategic locations that are equipped with state-of-the-art washing machines, and offering differentiated laundry solutions to an increasingly affluent middle income market. The concept, known as LG commercial machine reference stores, also involves the company partnering with small laundry businesses targeting time and hygiene-conscious consumers who may not own a washing machine but prefer their personal laundry done…

Opibus, Sub-Saharan Africa’s leading electric vehicle manufacturer, announced today that it has raised $7.5 mil in funding led by Silicon Valley fund At One Ventures, further supported by Factor[e] Ventures and Ambo Ventures managed by former Google and Uber executives. The investment is the largest ever in an electric mobility company in Sub-Saharan Africa and is aimed to scale its operations in electric motorcycle and bus manufacturing. Opibus, which has existing customers across 6 countries in Africa, is the leading provider of electric vehicles designed and manufactured locally. Its vision is to create reliable and cost effective products designed for…

With Jumia black Friday 2021 set to kick off later this week, Xiaomi has announced some amazing deals for some of their devices on the market. The phone maker has enticing deals for both smartphones and accessories that you will be able to take advantage of during the Jumia Black Friday 2021 sale. The Xiaomi Kenya deals will be available through its official page on Jumia Kenya as from November 5th. During this period, users will enjoy massive discounts of upto 60% off on select items. This announcement comes a few weeks after the unveiling of the Redmi 10 in…

The Nokia G20 is one of the latest smartphones from HMD Global to launch in Kenya. The phone is available in Kenya for Ksh 15,000. This is quite a reasonable price and makes the G20 one of the competitively priced smartphones that you can get in Kenya at the moment. I have already done an unboxing post for the Nokia G20 that you can check out below. Read: Nokia G20 Unboxing and First Impressions If you are still unsure what the Nokia G20 has to offer, this post will highlight some of the top 5 things that can help you…

Realme has today launched its latest smartphone, the realme GT Master Series, in Kenya. The phone is powered by a Qualcomm Snapdragon processor, comes with 120Hz display, and more. The realme GT Master Edition is priced in Kenya at Ksh 37,000 while the realme GT Explorer Master Edition starts from Ksh 45,000. “Designed by Naoto Fukasawa, a famous award winnining Japanese industrial designer, realme GT Master Edition Series is the best-designed flagship smartphone of the year globbaly. With an inspiration from Travle,the phones back side has the suitcase design style, which realme introduces the industry’s first 3D vegan leather technology,”…