Author: Kaluka wanjala

NCBA has introduced to the market two leasing solutions, the Solar PV and Executive leasing solutions. The bank, through its subsidiary, NCBA Leasing LPP, aims to lead the way by providing businesses the opportunity to transition to renewable energy, reduce their carbon footprint, and lower energy costs with flexible financing solutions. Compared to similar solutions in the market, NCBA Leasing will offer customers longer leasing periods ranging from 7 -10 years, in contrast to the 3 – 5-year terms offered by competitors. The extended period will enable the bank lower rental rates to its customers, providing them with more affordable…

Over the past few years, on-demand delivery services have changes how Kenyans access food, groceries and other daily essentials. Leading this change is Glovo which has been named as the most preferred app in Kenya for online food delivery at 33% by the Competition Authority of Kenya (CAK). In an exclusive interview, Caroline Mutuku, Glovo Kenya’s Country Manager, shares insights into Glovo’s journey, its unique approach to the Kenyan market and how the company continues to adapt to the changing consumer needs. TechArena: Could you start by introducing yourself and share a brief history of Glovo in Kenya. When did…

Infinix has officially launched its first flip phone, the Infinix Zero Flip, into the Kenyan market. The Zero Flip is available in Kenya starting from Ksh 83,000. The price may vary slightly depending on where you get it from, but this is the current price as of October 2024. At 83K, the Zero Flip is one of the cheapest flip phones you can get in the country. Flip phones from established brands like the Samsung Galaxy Z Flip 6 is available for Ksh 148,000. The two devices target different users hence the price difference. The cover display is quite impressive.…

Safaricom contributed KES 983 billion to the Kenyan economy as it sustained 1,283,329 jobs in the last Financial Year. This is according to the telco’s 13th Sustainable Business Report, which was launched today as it begins its transition to be Africa’s leading purpose-led technology company by 2030. Safaricom’s economic value to society through its operations stood at KES 562.2 billion while M-PESA’s social value stood at KES 348 billion as the platform continues to transform lives by impacting customers, agents and dealers. The telco has impacted over 8 million Kenyans through the Safaricom and M-PESA Foundations. It has also increased the…

LG has announced an exclusive Black Friday campaign that will see customers get special discounts across a wide range of select home appliances and entertainment products. The highly-anticipated nationwide sales event, which runs until December 2024, will provide significant discounts on select product categories, including televisions, dishwashers, refrigerators and soundbars. This initiative provides customers with the perfect opportunity to upgrade their households with innovative technology at the best prices of the year. LG Electronics Managing Director for East Africa (EA), Dongwon Lee, said, “This Black Friday discounted sale will present our customers with the opportunity to acquire select LG products…

Jubilee Health Insurance, in collaboration with Diamond Trust Bank (DTB), has unveiled a digital payment solution that aims transform how health insurance premiums are paid. This first-of-its-kind solution in the healthcare industry offers a flexible instalment payment option, making healthcare more accessible and affordable for a broader segment of the population. This innovation marks a significant leap in the health insurance landscape, combining cutting-edge digital platforms with customer-centric design to solve one of the industry’s most persistent challenges—affordability. For years, many households in Kenya, particularly in rural and lower-income areas, have faced financial barriers when accessing healthcare. According to the…

 M-KOPA Kenya has presented key findings from its annual Impact Report, Pathways to Progress at a media roundtable in Nairobi. Highlighting its substantial contribution to Kenya’s economy, the report reveals that out of the Group’s five markets and 5 million customers reached across Africa, it has made its greatest impact in Kenya. Reaching over 3 million customers, creating more than 16,000 jobs, and contributing KES 17,2 billion in direct and indirect taxes since inception.  M-KOPA Kenya has established itself as a critical player in the Kenyan economy, enabling financial inclusion through affordable access to smartphones, digital loans, data, free hospital…

Absa Bank Kenya has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to provide training for over 600 suppliers in the past two years, preparing them to access corporate procurement opportunities.  As part of this initiative, implemented under the IFC’s Sourcing2Equal Kenya program, the partners recently hosted a corporate procurement readiness training session for more than 100 suppliers that included an expanded supplier base of women, youth, and persons living with disabilities. Speaking during the training session, Absa Bank Kenya Head of Sustainability and Corporate Affairs Charles Wokabi underscored the Bank’s commitment to diversifying…

BURN has secured a US$15 million investment from the European Investment Bank (EIB). The US$15 million investment was announced during the World Bank/IMF Annual Meetings in Washington. This funding will accelerate BURN’s efforts to manufacture and distribute its IoT-enabled ECOA electric cooking appliances to over 1 million households in East Africa. The ECOA Induction Cooker (IDC) is equipped with innovative Pay As You Cook (PAYC) technology, integrated directly with mobile money payment systems and the ECOA Mobile App. This allows users to pay small amounts via their mobile phones, gradually acquiring their cooking devices through daily or weekly installments, achieving full ownership…

Samsung has today officially launched the Galaxy S24 FE in Kenya which is available starting from Ksh 91,000. At this price, the S24 FE is not cheap as you can get the standard S24 for as low as 90K or even the S24 Ultra from some retailers for as low as Ksh 118,000. This makes the S24 FE a bit confusing and may be hard to justify buying it. Still it is a good phone for anyone who does not want the S24 series or is not patient enough to wait for the S25. Even though Samsung says the S24…