Author: Kaluka wanjala

Janngo Capital has announced the final closing of its second fund at $78 million, 20% beyond its initial target. This fundraising demonstrates the confidence of leading institutional and private financial investors in Janngo’s team and track record. The firm’s investment thesis strikes the right balance between solid financial returns and tangible impact as evidenced by the successful exit of Expensya to unicorn Medius and by its 56% women-led portfolio companies, such as the soonicorn Sabi. “We are proud to announce the final closing of our second investment vehicle at $78 million, 20% above our initial target pledged in Davos. We…

As part of Breast Cancer Awareness Month in October, Bolt hosted a specialized wellness workshop for its female drivers. The workshop focused on the importance of health awareness, early detection, and holistic well-being and was dedicated to fostering a supportive community and empowering drivers with the knowledge to prioritize their health, both on and off the road. The wellness workshop was designed to educate participants on the significance of regular screenings, recognizing early symptoms of breast cancer, and understanding available treatment options. The workshop began with an interactive health talk, during which healthcare experts discussed critical topics related to breast…

Standard Chartered has announced their Q3 2024 results, highlighting a strong performance that reflects the success of their strategic focus on cross-border corporate, investment banking, and leading wealth management for affluent clients. The Group’s Return on Tangible Equity (RoTE) reached 10.8%, marking a 4% increase year-on-year, while income rose by 12% and profit before tax surged 41%, largely driven by a record quarter in Wealth Solutions and sustained double-digit growth in Global Markets.  Standard Chartered Group Results Key Highlights: Bill Winters, Standard Chartered Group Chief Executive said, “We have delivered a strong performance in the third quarter with profit tax…

ICP HUB Kenya and ICP HUB Turkey are happy to announce an exciting new partnership aimed at advancing Web3 development and promoting blockchain education across both regions. This collaboration represents a pivotal moment for both HUBs, as they unite to empower developers, entrepreneurs, and tech enthusiasts to explore the immense potential of decentralized technologies through the Internet Computer Protocol (ICP). Both ICP HUB Kenya and ICP HUB Turkey operate as decentralized arms of the Internet Computer ecosystem, sharing a common mission: to make ICP more accessible to developers and enthusiasts while fostering innovation within the web3 space. By combining their…

Wasoko and MaxAB has announced the appointment of Mo Elshenawy, President and Chief Technology Officer of Cruise, as an Independent Board Director and Technical Advisor. Building on the platform’s recent merger, the move reinforces the combined entity’s rapid trajectory toward becoming Africa’s pre-eminent, world-class technology company operating from the continent. It also further empowers the company’s network of 450,000 informal retailers to better reach the 65 million+ communities they serve, with affordable access to essential goods and services. As one of the most prominent global leaders in artificial intelligence, Elshenawy brings a wealth of technical expertise, including leading and scaling a team of…

Safaricom Foundation has partnered with the Ministry of Education and Vodafone Foundation to launch a Ksh 240 million programme to scale digital skills for teachers across 35 Teachers Training Colleges (TTCs) in Kenya. The programme aims to strengthen the capacity of teachers to integrate and use Information and Communications Technology (ICT) skills for effective teaching and learning. The programme was officially unveiled at Machakos Teachers Training College in a ceremony attended by the Cabinet Secretary for Education, Hon. Julius Migos Ogamba, representatives from the Teachers Service Commission (TSC), the Kenya Institute of Curriculum Development (KICD), and other key stakeholders. The…

EFT Corporation (EFTCorp) and Visa have announced a transformative five-year partnership aimed at revolutionising Africa’s digital payments landscape. This collaboration seeks to enhance financial inclusion and introduce advanced payment solutions across the continent. Fintechs across Africa are invited to join an exclusive program designed to accelerate their growth. By leveraging EFTCorp’s established platform and reach, participants will scale their operations, unlock new opportunities and drive innovation in the fintech space. According to McKinsey, 250 million Africans are expected to join the consuming class by 2030, unlocking $3 trillion in consumer spending. To support this growth Visa has committed to invest…

Network International (Network) and Ant International, have signed a Memorandum of Understanding to explore extension of innovative digital payment solutions to businesses in the Middle East and Africa, driving digital transformation and financial inclusion in the region. The ceremony was witnessed by H.E. Jamal Abdulla AlSuwaidi, the Ambassador of The United Arab Emirates to the Republic of Singapore. As part of the partnership, Network will look to leverage Alipay+ Wallet Tech solutions such as developing e-wallet capabilities to better serve its customers across MEA. Alipay+ Wallet Tech provides a full suite of e-wallet solutions, enabling customers to build e-wallet apps quickly…

 Sistema.bio has acquired Inclusive Energy (IE). IE is at the forefront of digital Monitoring, Reporting and Verification (dMRV). This strategic acquisition will significantly enhance Sistema.bio’s capacity to deliver high-impact biogas solutions with improved digital MRV capabilities, benefiting small holder farmers worldwide with better service and long-term support.  With this acquisition, Sistema.bio combines its position as the largest full-service biogas company with the first biogas-specific platform for dMRV, enabling the delivery of carbon emission reduction projects at scale with high-quality digital monitoring. Alex Eaton, CEO and co-founder of Sistema.bio, shared: “We have been thoroughly impressed by Inclusive Energy’s digital MRV platform, which we have…

Stanbic Bank and Mastercard have today announced the introduction of the World Elite Mastercard for the Bank’s affluent clients across the region. The World Elite Mastercard, categorized into the Stanbic World card and Stanbic World Elite card, offer affluent clients special benefits such as access to airport lounges globally via Mastercard Travel Pass, exclusive dining and travel privileges and offers, car rental and chauffeur services/ discounts, enhanced rewards and loyalty programs, premium memberships, 24/7 dedicated concierge services, comprehensive travel insurance and Mastercard Global Emergency Services. Abraham Ongenge, Head of Personal & Private Banking at Stanbic Bank Kenya said,“In a fast-moving…