Author: Kaluka wanjala

 Vertiv has introduced the Vertiv PowerUPS 9000, an energy-efficient, high-power density uninterruptible power supply (UPS) system with a compact footprint. The system is engineered to support IT applications from traditional computing to high density applications. It is available globally in UL and CE models, from 250 to 1250kW per unit. The Vertiv PowerUPS 9000 is designed for high-power density, as well as a high double-conversion efficiency of up to 97.5%. The system enables fast and easy installation, with top or bottom cable entry, as well as backfeed protection and ground fault kit options that are embedded in the system without need for…

The African Economic Research Consortium (AERC) hosted its 61st Biannual Plenary Session on 1st December 2024 in Nairobi, Kenya, under the theme “The FinTech Revolution in Africa.” The event, held in partnership with the Central Bank of Kenya (CBK) and Kenya Bankers Association among others, brought together leading economists, policymakers, and practitioners to explore the evolving role of financial technology in shaping Africa’s economic future. The plenary opening session was chaired by Prof. Ernest Aryeetey, Chair of the AERC Board of Directors and Emeritus Professor of Development Economics at the Institute of Statistical, Social and Economic Research at the University…

Nowlun, an Egyptian digital freight forwarding platform, has announced it has raised $1.7 million in seed funding. The round was led by Nama Ventures and A15, with participation from Sanabil 500 Global and prominent angel investors. This investment will fuel Nowlun’s ambitious expansion plans and accelerate the development of its innovative technology platform, which is transforming the logistics industry by offering instant, transparent, and competitive ocean freight rates, streamlined shipment management, and real-time visibility into cargo movements. Since its launch in 2021 by Moataz Khamis (CEO), Mahmoud Khaled (CTO), and Ahmed Emara (COO), Nowlun has rapidly established itself as a…

Airtel Money has partnered with Moja Expressway Company that will see the introduction of Airtel Money as one of the payment options. M-Pesa has been the default mobile money payment option for those settling toll fees at expressway exits. With Airtel Money available as a payment option, customers can top up their ETC accounts or make MTC payments at exits. As part of Airtel’s festive season offers, payments through Airtel Money at the expressway will attract zero transaction charges (exclusive of partner charges) until the end of January 2025. Manual Toll Collection MTC Customers Through this partnership, MTC Customers can…

Samsung has announced that its newest products and services have been recognized by the prestigious CES 2025 Innovation Awards, including four “Best of Innovation” winners, from the Consumer Technology Association (CTA). These recognitions come two months ahead of CES 2025 — the world’s largest and most influential technology event — and they highlight Samsung’s relentless commitment to pushing boundaries in consumer technology. With pioneering advancements in AI, sustainable design and inclusive user experiences, Samsung continues to set the standard for the entire industry. Also Read: LG Shines at CES 2025 Innovation Awards With Multiple Awards The CES Innovation Awards program is an annual…

Safaricom has increased the speeds for 5G for Business customers. The company says with the faster speeds, it will be able to provide SMEs with faster, more reliable connectivity that supports their growing digital needs. These include real-time collaboration, seamless online transactions, and remote operations. Safaricom made this announcement at the ‘Grow with Safaricom Business’ Western Kenya edition. This is a platform that seeks to help SMEs scale their operations through technology. The announcement comes a couple of months after the telco raised the speeds of its fibre to home product. This was in response to Starlink’s growing popularity across…

During Kenya Innovation Week, Dealroom.co, in partnership with GrowthAfrica and Systemic Innovation, launched the Kenya Startup Ecosystem Platform—a transformative, open-access database designed to drive data-driven insights and foster international connections for Kenya’s dynamic, startup and growth ventures. The platform enhances visibility, strengthens connections, and promotes transparency within Kenya’s entrepreneurial ecosystem, connecting local and global players. Tailored to Kenya’s fast-evolving business landscape, this platform provides a real-time, comprehensive view of startups across sectors, enabling entrepreneurs, investors, policymakers, and researchers to make better and more informed decisions. Key Features and Benefits The Kenya Startup Ecosystem Platform offers collaborative, open-access data showcasing the country’s…

Human Mobile Devices (HMD) has introduced the HMD Fusion to the Kenyan market. So What is HMD Fusion? It is one of the latest smartphones by HMD (Human Mobile Devices,). The phone was unveiled to a global audience in September 2024.a smartphone that redefines versatility and style with a sleek, rugged design and cutting-edge features. Tailored to meet the needs of tech enthusiasts, creators, and gamers alike, the phone combines cutting-edge innovation with sustainability, offering repairable hardware and a lineup of transformative accessories called Smart Outfits. HMD Fusion is equipped with a powerful 108MP rear camera and a 50MP selfie…

In response to the Central Bank of Kenya’s (CBK) recent reduction of the Central Bank Rate (CBR), I&M Bank has announced a further reduction of its Interest Rates by 0.5%, effective 23rd December 2024. This move, combined with a prior 0.25% reduction implemented on 28th November, brings the total Interest Rate reduction to 0.75% over a period of just two months. Customers impacted by the interest rate reduction have already been advised. This proactive move underscores I&M Bank’s commitment to its brand promise, ‘On Your Side,’ by enhancing access to more affordable credit for Kenyans. The Interest Rate reduction is expected to…

Equity has signed a trade credit financing agreement with BpiFrance, the public investment bank of France, to strengthen support for Small and Medium Enterprises (SMEs) across Kenya and the broader East African region. The partnership was signed and unveiled during French Week 2024, jointly organized by the French Chamber of Commerce and the French Embassy in Kenya, which culminated in the business networking event, ‘Inspire and Connect East Africa’. The partnership will provide SME investors with financing options in both US dollars and Kenya shillings, enabling them to scale their operations across the six countries where Equity operates. Dr. James…