Author: Kaluka wanjala

Safaricom has announced its 2024/2025 half-year revenue figures showing a strong first 6 months of the year ending September 30th 2024. From the figures shared, its mobile connectivity business, comprising of voice, data and SMS, contributed 52.2% of revenue at Ksh 93.9 billion, while M-PESA contributed 42.9%, at Ksh 77.2 billion. The strong performance was driven by double digit growth in the Kenyan unit, where service revenue grew by 12.9% to Ksh 177.5 billion, resulting in EBIT and Net income growing by 18.0% to Ksh 79.2 billion, and 14.1% to Ksh 47.5 billion respectively. During this period, Safaricom’s group service…

In the current fast moving world, people demand more than the usual banking solutions. They look for solutions that should seamlessly fit into their lifestyle, blending convenience, security, and flexibility. This is where LOOP steps in. What is LOOP? LOOP is a lifestyle brand that seeks to blend mobile money with banking to give its users a convenient way to access financial tools and lifestyle benefits. Through the app, users can access a wide range of financial services from transactions and savings to credit and lifestyle rewards all within one platform. In addition to the known banking solutions, LOOP offers…

The evolving world of television technology is characterised by continuous innovations and improvements. Each year, new Television models enter the market bringing with them advanced technologies and all kinds of improved features. LG NanoCell stands out – offering exceptional picture quality with crystal-clear display for immersive viewing experiences. Bring your favourite films and shows to life with LG NanoCell TVs, the perfect upgrade for your home entertainment. NanoCell Technology for Pure Color LG NanoCell TVs are specially designed to produce true-to-life colors and improved contrast. The incorporation of a Nano particles ensures that excess light does not bleed through the image and…

On the first day of Binance Blockchain Week, Binance announced the appointment of Jeff Li as Binance’s new Vice President of Product. Bringing over 16 years of experience in both Web2 and Web3 product leadership and software engineering, Jeff will oversee the expansion and enhancement of Binance’s product suite, further solidifying our position at the forefront of building the future of the blockchain and Web3 space. Most recently, Jeff Li served as VP, Global Head of CeFi Product at a major crypto exchange, where he led its global teams developing a wide variety of centralised finance (CeFi) products in domains…

Organisations around the world are trying to manage an explosion of data across distributed sites and environments, requiring them to be more agile and responsive than ever before, but often by means of legacy infrastructure. This scenario is no different for businesses in West Africa. So said Gbenga Adebowale, Enterprise Sales Director for Central Africa at Vertiv. Speaking at the West African leg of a series of ‘Accelerate’ events run by Vertiv, Adebowale clarified to attending Nigerian and Ghanian organisations that local businesses not only face similar challenges as their global counterparts but must also contend with unstable power and the rising…

Binance Blockchain Week 2024 has officially concluded, marking a historic gathering of over 4600 attendees at Dubai’s Coca-Cola Arena, 206 speakers and attracting 1 million views on Binance Live. This year’s event solidified Binance’s position as a leader in blockchain innovation and community building, as industry pioneers, investors, and regulators gathered to discuss the future of crypto and digital finance. Day 1 highlights: The first day of the conference was powered by insightful keynote speeches and panel discussions from prominent figures in the crypto community including Binance CEO, Richard Teng. who set the stage with insights into the industry’s rapid…

In the first half (H1) of 2024, 4.6% of all attempted digital transactions where the consumer was located in Kenya were identified as suspected Digital Fraud in a recent TransUnion analysis. Kenya had the 10th highest rate of suspected Digital Fraud in the first half of 2024 out of the 19 countries and regions for which TransUnion provided regional breakdowns. TransUnion also determined that retail, gaming, and communities (online dating, forums etc.) were the industries that had the highest suspected Digital Fraud rate for transactions where the consumer was in Kenya during the analysis period. Some of these findings are…

Twitter has been pushing video content in portrait mode just like what we have on other platforms like TikTok and Instagram reels. On Twitter, the next video in queue automatically plays once the current one has played. This is not ideal for most people as they don’t want to endlessly scroll through videos. Twitter’s video algorithm is also underwhelming and may present you with videos you have no interest in watching.  With that in mind, you may be looking for ways to stop Twitter videos from auto scrolling to the next. If that is the case, this article should help…

Visa has announced investments in four start-ups that graduated from the inaugural cohort of its Visa Africa Fintech Accelerator program. These investments reflect Visa’s ongoing dedication to championing digital innovation in Africa, helping drive fintech growth across the continent while bolstering financial inclusion and access.  The four start-ups, operating across multiple African countries are: Graduates of the second cohort of the program will have the opportunity to present their innovative capabilities during a Demo Day set to take place on December 2nd in Cape Town, South Africa, to an audience of venture capitalists, angel investors, ecosystem enablers and business partners.…

Mastercard and Diamond Trust Bank (DTB) have announced a 10-year agreement to offer tailored digital payment solutions across Kenya, Uganda, and Tanzania. The two organizations hope this partnership will transform the digital and banking landscape and experiences for businesses and individuals across the region. This partnership will focus on delivering innovative, secure, and convenient payment solutions, including bespoke card products and advanced transfer services for peer-to-peer (P2P), business-to-business (B2B), and person-to-business (P2B) transactions. It will also introduce tokenization-based payment wearables, a first for Kenya. Introduced by Mastercard and DTB, in partnership with Tappy Technologies, Kenya’s first tokenization-based payment wearables allows…