Author: Kaluka wanjala

Absa Bank Kenya has reported a 4% rise in net earnings to Ksh 6.2 billion for the quarter ending March 31, 2025.  While total revenues declined by 4% year-on-year to Ksh 15.8 billion, dragged down by an 11% drop in non-funded income and a marginal slip in funded income, Absa’s credit performance and strong balance sheet management helped cushion the impact. The bank’s total loans and advances reached Ksh 308 billion and customer deposits grew by 5% to Ksh 371 billion. CEO Abdi Mohamed described the performance as a testament to Absa’s future-oriented strategy and its commitment to enabling customers’…

Servercore has announced the promotion of Victoria Kleinbort to Head of Business Development. She was previously the Country Manager for Kenya.  She joined Servercore in 2022 as Kenya’s Country Manager. In this role, she helped shape the company’s local and regional playbook. As Head of Business Development, Kleinbort will lead commercial operations in high-potential markets. She will also be responsible for identifying new growth opportunities and strengthening existing partnerships. Before joining Servercore, she was a tech entrepreneur, building B2B-Export.com, a platform connecting suppliers from Africa, Latin America, Indonesia, and the CIS region. She has over 12 years in product development…

Qualcomm has announced the ten startups selected for the third edition of its Make in Africa startup incubation program. These are early-stage ventures, selected from over 435 applications spanning 19 countries. At the heart of the program is a simple, powerful idea to unlock African innovation by combining advanced technology such as 5G, AI, IoT, edge computing, with local ingenuity. The selected startups will receive equity-free mentorship, free access to Qualcomm’s hardware platforms, engineering consultations, and support in product development, business strategy, and intellectual property protection. “This year’s cohort is a testament to how African innovators are rethinking big challenges…

13 of Africa’s most promising tech startups are preparing to take the stage at the 9th edition of Africa Tech Summit London on June 6th at the London Stock Exchange. With a focus on unlocking global capital and forging new connections between African ventures and international investors, the summit is shaping up to be a key moment for the continent’s tech ecosystem. The one-day event is expected to bring together over 350 investors, entrepreneurs, corporate leaders, and policymakers to explore the future of African technology in a world of shifting economic tides. Backed by an impressive list of partners such…

Valour Inc, a subsidiary of Canadian firm DeFi Technologies, has announced plans to cross-list its suite of over 65 digital asset exchange-traded products (ETPs) on the Nairobi Securities Exchange (NSE). Valour has selected GulfCap Investment Bank (GCIB) to be its transaction advisor. The investment bank will handle regulatory coordination, investor engagement, due diligence and listing execution. If successful, this listing will mark the first time Kenyan investors can have access global digital assets like Bitcoin, Ethereum and other tokenized products through regulated ETPs listed in Kenyan Shillings. “We are proud to partner with GulfCap Investment Bank for this important initiative,”…

Five Kenyan universities scooped top awards at the recently concluded Huawei ICT Competition Global Final 2024-2025. The finale was held in Shenzhen, China, on May 24, 2025. Teams comprising students from Jomo Kenyatta University of Agriculture and Technology (JKUAT), Machakos University, University of Nairobi (UoN), Moi University, and Egerton University clinched three major global prizes in the competition’s Computing, Network, Cloud, and Innovation tracks. Kenya’s Global Achievements The impressive performance by Kenya’s university students reflects the growing digital capabilities of the country’s youth, nurtured through public-private partnerships and national investments in digital education. “Thank you Huawei for the opportunity, and…

The Mastercard Foundation EdTech Fellowship has unveiled its third cohort of 12 African innovators. Out of these, seven female-led startups stand out among the changemakers. The fellowship is delivered in partnership with iHUB Kenya and is designed to accelerate scalable, inclusive learning solutions that are reshaping education across the continent. The program provides support through equity-free funding, mentorship, and strategic support. It helps these EdTech startups to break barriers in education access and performance. Since its inception, the initiative has reached over 470,000 learners, while also transforming school infrastructure by onboarding 1,537 schools onto digital platforms. “The solutions of these…

Huawei Technologies successfully hosted the Huawei Cloud & Connect Summit Kenya 2025 on May 16 in Nairobi, convening over 600 government leaders, industry experts, technology partners, and customers to explore best practices and shared visions for Kenya’s digital transformation. Held under the theme “Accelerate Intelligence, Ignite Smart Kenya,” the summit served as a critical platform for shaping Kenya’s roadmap to becoming a digital and innovation powerhouse in Africa. During the summit’s Connect Session, representatives from public and private sectors gathered to exchange insights on how cloud infrastructure, artificial intelligence (AI), and digital ecosystems can unlock national growth. The session spotlighted…

Sophos has announced that it plans to open a new data center in the United Arab Emirates (UAE) by the end of the year. This will see the company deepen its regional investment to with the UAE’s ambition to become a global digital hub. This facility will be hosted on Amazon Web Services (AWS) infrastructure in the UAE. It is set to provide cloud-native security solutions to local organizations and also offer better performance, regulatory compliance, and enhanced data sovereignty. This is particularly important for the government, finance, and healthcare sectors that have strict data privacy and residency requirements.  “This…

Standard Chartered has unveiled its “Women in Cyber” Mentorship Programme. This is a hybrid mentorship and training platform aimed at developing a new generation of female cybersecurity leaders in Kenya, Uganda, and Tanzania.  If you have a startup you want featured on TechArena, let us know through this contact form here.  The programme offers a blend of technical training, mentorship, CPD-recognised learning, and networking opportunities. It is designed to tackle both the skills and gender gap in East Africa’s cybersecurity space. Globally, women hold just 22% of cybersecurity roles, and with a global shortfall of over 2.5 million professionals, the lack…