Author: Kaluka wanjala

Standard Chartered Bank cements its foreign currency investments as investors increasingly seek opportunities beyond local markets. This year, the bank introduced US Corporate Bonds, USD Government bonds, and its own curated funds – Signature CIO funds. This complements an array of other products such as ESG funds, USD MMF, and Mutual Funds in various denominations. Utilising a comprehensive digital infrastructure, Standard Chartered is democratising access of investment solutions for a new era of well-informed investors. The bank’s digital platform offers an array of global investment opportunities, including US Treasuries, Foreign Currency Money Market Funds (FCY/MMFs), and CIO Signature Funds. An…

Uber has announced the launch of uber Safari in South Africa to offer riders access to Africa’s most iconic experiences. The service is currently available in Cape Town only. Uber Safari can be accessed through the Uber app and has been created in partnership with Aquila Private Game Reserve, one of South Africa’s most popular wildlife conservancies. “We’re excited to partner with Uber to extend our bucket list wildlife experiences to their customers,” said Johan van Schalkwyk, Commercial Officer of Aquila Collection. “Uber Safari allows folks to book and enjoy an unforgettable day at Aquila, where they’ll get to experience…

Blockchain technology is reshaping the global payments landscape, offering innovative solutions to persistent issues, particularly in Africa. This transformation is crucial for the continent, where traditional financial systems are often inefficient and costly, especially in cross-border transactions and remittances. Africa’s payment infrastructure relies heavily on outdated systems, many of which have been in place for over 50 years. These traditional systems depend on multiple intermediaries, such as banks, card networks, and payment processors. Each intermediary adds layers of complexity, driving up costs and causing delays. Cross-border transactions, in particular, are burdened with high fees and extended processing times. For example,…

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway  – a single touchpoint for payment processing – as a payment solution available in 40 markets in the region. The integration of the solution will enable merchants to offer fast, seamless, and secure transactions as well as convenient payment choices to customers. In line with the rapid increase in digital payments, the…

Samsung is set to launch yet another smartphone this month. This phone, the Samsung Galaxy S24 FE (Fan Edition), is an affordable version of the S24 and is perfect for those who do not want the S24 or Flip/Fold 6 phones and do not want to wait for the S25. As expected, the Galaxy S24 FE borrows a few things from the Galaxy S24 from earlier this year. It features a glass back with 3 vertically arranged cameras. It has an aluminium frame with a flat display with Gorilla Glass Victus+ for both the screen and the back of the…

LG Electronics has announced the winners of its webOS TV platform hackathon, which took place at the LG webOS Summit last week. The event was geared toward AI-based solutions and gaming services, and sought ideas to enhance the gaming category on the Smart TV.  Developers from around the world applied for the opportunity to present their ideas for apps and services to be used on webOS-based LG Smart TVs in millions of homes, with the goal of diversifying and improving the gaming experience on the LG TVs powered by webOS. Over three hundred entries were submitted from more than 50…

Vertiv has announced the introduction of the high-capacity models of its Vertiv Liebert AFC inverter screw chiller range with low global warming potential (GWP) refrigerant. Available in Europe, the Middle East and Africa (EMEA), the new models provide up to 2.2 MW of cooling capacity in a single frame, resulting in a smaller carbon emission footprint, requiring fewer units to be installed for capacity, and reducing installation and maintenance time and costs for data centre operators.  The newest Liebert AFC models are high-density, outdoor, free cooling chillers that provide the industry’s highest capacity in a single frame. These future-ready chillers enable hybrid operation…

Huawei ICT Academy held a successful instructor workshop today at its Offices in Lavington, Nairobi. The workshop brought together key instructors and stakeholders from across the country, providing a platform for knowledge exchange, updates on academy programs, and a roadmap for the future of ICT education in Kenya. Ms. Fang Zheng, Huawei’s Human Resource Director, officially opened the workshop. She emphasized the critical role that the academy plays in addressing the country’s ICT skill gaps, highlighting the importance of continuous professional development for instructors. “We believe in empowering instructors with the tools and knowledge to produce world-class ICT talent. Today’s…

BYD electric vehicles are officially available in Kenya after CFAO Motors launched them through its leasing and fleet management subsidiary Loxea. Loxes is the official distributor of BYD vehicles in Kenya. Also Read: BYD Set to Launch its Electric Vehicles in Zambia Demand for electric vehicles has been on the rise in Kenya the last few years and CFAO wants to capitalize on this. Through its subsidiary, it will be offering 100% electric vehicles for leasing and purchase. The three BYD vehicles unveiled in Kenya and their prices: Loxea’s Managing Director, Jennifer Kinyoe, said, “Our broader vision to lead in…

Sophos today announced it is a Leader in the IDC MarketScape: European Managed Detection and Response [MDR] Services in 2024 Vendor Assessment, which evaluates the product offerings and business strategies of MDR vendors. Sophos is also named a Leader in three worldwide IDC MarketScape 2024 reports: the IDC MarketScape: Worldwide Modern Endpoint Security for Midsize Businesses 2024 Vendor Assessment, the IDC MarketScape: Worldwide Modern Endpoint Security for Small Businesses 2024 Vendor Assessment, and the IDC MarketScape: Worldwide Managed Detection and Response [MDR] 2024 Vendor Assessment. As a Leader in all four reports, Sophos is cementing its commitment to understanding and meeting the needs of small and…