Author: Kaluka wanjala

M-KOPA and Turaco Insurance Agency have announced they have provided Hospital Cash insurance to over 1 million Kenyans in just one year. This health insurance comes built into M-KOPA smartphones at no extra cost as part of their “More Than a Phone” digital financial services offering, helping Every Day Earners across Kenya build financial security.  After successful trials in January 2024, Hospital Cash coverage was rolled out with the M-KOPA X-20 smartphone in June 2024. Every M-KOPA smartphone now includes 12 months of coverage, seamlessly enabled through M-KOPA and Turaco’s connected systems. Customers receive Ksh 1,000 per day when admitted…

KCB Group profit after tax for the full year 2024 grew by 64.9% to KShs. 61.8 billion, accelerated by strong topline expansion across all businesses. This was a rise from KShs.  37.5 billion reported a similar period last year.   The Group’s balance sheet closed the year at KShs.1.96 trillion, funded by a strong deposit franchise and stable loan portfolio, despite the tough operating environment. Total revenues increased 24.0% to KShs. 204.9 billion on higher interest income and non funded income arising from foreign exchange trading income. Commenting on this, Group Chief Executive Officer, Paul Russo said, “The strong performance illustrates our…

Microsoft has today hosted the largest Artificial Intelligence (AI) conference in Africa in Nairobi. This is part of its global AI Tour, which is happening as AI adoption by Kenyan organisations is on the rise. The conference brought together developers, innovators, and business leaders from both the public and private sectors alongside Microsoft executives. Speaking during the event, Phyllis Migwi, the Country Manager for Microsoft Kenya, emphasised the importance of fostering sustainable technological growth as a vital strategy for securing Kenya’s position in the global digital economy. “Kenya’s tech sector has a great story to tell when it comes to…

Tecno has officially opened pre-orders for its latest smartphone, the Camon 40 Series, in Kenya. The phone was unveiled last week at MWC 2025. The series features 4 models, the Camon 40 Premier 5G, Camon 40 Pro 5G, Camon 40 Pro, and the Camon 40. The Camon 40 series promises advanced camera performance. “The Camon 40 Series reflects our commitment to practical AI that enhances every day interactions and photography,” said Jack Guo, General Manager of Tecno. Why Pre-Order the Camon 40? Tecno is offering an exclusive KES 2,000 cashback for customers who pre-order the Camon 40. This is great…

Earlier today, Uber announced the launch of Uber One in Kenya. This is the company’s new subscription option, which offers discounts and exclusive experiences for both rides and deliveries. The service costs Ksh 280 per month or Ksh 2,800 per year. “Uber has revolutionized Kenya’s mobility and delivery needs since our launch in 2015. We’re proud to keep building on this value with the deployment of Uber One.” said Imran Manji, Head of East Africa and Head of Business Development for Africa. Uber One offers member-only upgrades including top-rated drivers on rides and premium support. Uber One Benefits Some of…

Airtel has partnered with Mastercard to launch the Airtel Money GlobalPay Card in Uganda. According to the company, this payment solution is designed to connect Airtel money customers with global online marketplaces.  Through this partnership, Airtel’s 150 million mobile phone users in 14 African countries with access to Mastercard’s global merchant network, enabling safer and more secure international transactions. The Airtel Money GlobalPay is a virtual payment solution that Airtel Money users can link to their wallets. It can be used for a wide range of payments across global online merchants such as Facebook, Netflix, Uber etc. “At Airtel, we…

Nilos, a global payment platform powered by stablecoin, has announced expansion to West Africa. This was announced on LinkedIn by Eytan Messika, one of its co-founders This expansion will start with Ivory Coast, Senegal, Benin and Togo. The expansion will help simplify cross-border transactions by allowing instant payouts in XOF. It will also allow last-mile termination through mobile money services. Cross-border payments across Africa have been characterized with high fees, currency volatility and slow processing times. Solutions like Nilos that use stablecoins can help individuals and businesses easily transfer funds and avoid the limitations of traditional banks. What Nilos Offers…

Eddie Kago has been appointed as the Base East Africa Lead for Coinbase, where he will focus on onboarding Africans to Ethereum. In a statement on LinkedIn, Eddie said, “I’ll be executing this alongside Derrick Ochago and the incredible team of builders that have been championing Base adoption in East Africa.” He further emphasized his mission at Coinbase: “I intend to work with real builders solving real problems to onboard millions on-chain. We will be looking for developers, creatives, founders, and community support systems interested in harnessing the capabilities of Base to achieve economic freedom.” As he steps into his…

Investing in U.S. stocks can be daunting to most Kenyans. The high barriers to entry such as high minimum investment amounts and lack of enough information available to the general public haven’t made it easier.  You don’t know where to start and who to trust with your money. This is where Ndovu comes in. Ndovu is a leading savings and investment platform whose mission is to make investing accessible to all Kenyans. Ndovu currently has over 100,000 customers who it has acquired through strategic marketing, paid media, organic content, and referral programs. The company says it is still keen on ensuring…

Safaricom has announced the completion of the first phase of construction for a Tier 3 data centre in Redhill, Limuru. This is one of three planned Tier 3+ data centres the telco intends to develop in the long term. Data centre tiers are a standardized ranking system issued by the global Uptime Institute, indicating a facility’s reliability and performance. The lowest tier is 1, and the highest is 4. With a Tier 3+ rating, Safaricom’s new data centre boasts 99.982% uptime and high-capacity cooling systems, making it suitable for hyperscalers such as Microsoft, AWS, and Oracle. “When we call it…