British International Investment (‘BII’), the UK’s development finance institution and impact investor, has sold its 10.1 per cent stake in I&M Group PLC, the Eastern African banking group, to AfricInvest, a leading Pan-African Asset Management platform. The acquisition was made through East Africa Growth Holding, a special purpose vehicle entirely controlled and formed by AfricInvest. I&M Group PLC is a leading banking group in Eastern Africa with presence in Kenya, Mauritius, Tanzania, Rwanda and Uganda. It offers financial services to individuals, Micro, Small and medium-sized enterprises (MSMEs), and corporates across the region. It is listed on the Nairobi Securities Exchange…
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By Won-joon Choi, EVP & Head of R&D Office, Mobile Experience Business at Samsung Electronics We are at the beginning of the most exciting, and probably one of the most historic moments in technology. The era of mobile AI is here – which for Samsung opened up by the introduction of Galaxy AI features on the Galaxy S24 series, our first AI phone. Revolutionizing Mobile Experiences with a Hybrid AI Approach To bring the real life benefits of generative AI technology to the Galaxy S24 series, we took a hybrid approach to our AI integration. AI offers so many possibilities,…
Huawei and the International Union for Conservation of Nature (IUCN) jointly hosted the 2024 Tech4Nature Summit last week in Shenzhen, China to mark the commencement of Phase 2 of the Tech4Nature global partnership and further promote innovation in nature conservation. Aligned with Huawei’s TECH4ALL initiative and IUCN’s Green List, Tech4Nature represents the joint vision of both partners to develop technological solutions for Protected and Conserved Areas (PCA) across the globe. It is also the first time that either Huawei or IUCN has established a major partnership spanning both the Information and Communication Technology (ICT) and nature conservation sectors. “The natural world faces unprecedented…
By Dong Wong Lee Corporations have never operated in isolation and that contrast has never been as evident as it is today. They exist within interconnected ecosystems that include a variety of stakeholders, from customers and suppliers, to local communities and global networks. This intricate web of interactions requires a broader perspective on corporate responsibility; one that goes beyond profit-making and embraces a commitment to the well-being of society as a whole. Sustainability has often been narrowly associated with environmental stewardship with the conversation revolving around reducing carbon footprints, managing waste, and conserving resources. However, true sustainability includes the dimension…
Ubongo has unveiled a vibrant new look for its acclaimed children’s program, Ubongo Kids. This exciting makeover, set to premiere in the anticipated sixth season, symbolizes Ubongo’s dedication to pioneering innovation and educational excellence, ensuring an unmatched viewing experience for its audience. This unveiling not only marks a significant new chapter in Ubongo’s remarkable decade-long journey but also emphasizes its pivotal role as a transformational powerhouse within the African education landscape, setting the standard for its future endeavors. For the past ten years, Ubongo Kids has been at the forefront of educating and entertaining young learners across Africa, solidifying its…
Patoranking Foundation has announced the launch of the $500,000 Patoranking Foundation Tech Scholarships. In a strategic partnership with ALX Africa, a leading provider of tech training, the scholarships will provide 40 young tech-savvy Africans with access to a variety of transformative technology programmes in data analytics, cloud computing and Salesforce Administration. The partnership is aimed at preparing the scholars to become the next pioneers in technology. Founded by African musician, Patrick Okorie aka Patoranking, the Patoranking Foundation utilises research, advocacy and partnerships to provide transformative educational programs and market-ready entrepreneurial skills to outstanding young leaders in Africa. Having invested over $1 million on…
NCBA Bank has today kicked off a one-month long market activation across multiple states in the United States to engage with the diaspora community and introduce them to a range of tailored diaspora financial solutions that align with their needs & lifestyle to enable them to save & invest back in Kenya. The market activation schedule includes engagements in major cities across the United States, including Texas, Washington DC, Massachusetts, and New Jersey. Commenting on the initiative, NCBA Group Director, Retail Banking. Tirus Mwithiga said, “This market activation presents an invaluable opportunity for us to engage directly with our diaspora…
Leading research and advisory firm, Caribou Digital, in partnership with the Mastercard Foundation, has today released a new report on African young people and digital technology experiences, titled: Youth in Digital Africa: Our connections. Our choices. Our future. The report, a compilation of personal narratives by young people across the continent, offers insights on optimising the benefits of technology and identifies five key themes that highlight the interconnectedness of digitalisation in their lives: access, skills, jobs, voice, and choice. The authenticity and amplification of these documented voices is a compelling call on governments and development partners to bridge the digital divide by investing…
Microsoft, through its Africa Transformation Office (ATO), has announced the second edition of Xbox Game Camp in Africa with a view to bolstering local developer talent and fast-tracking the growth of the continent’s gaming industry. The two-day online conference, scheduled for 16th -17th July, will also include in-person events in Johannesburg, Nairobi, and Casablanca. “We’re excited to bring Game Camp to Africa for a second year running and look forward to strengthening its impact within the gaming community through practical new additions to the programme. Africa has a long track-record of giving rise to top developer talent, and we believe that…
LG has launched a global campaign titled ‘Optimism your Feed,’ which seeks to draw encouraging content onto social media timelines by encouraging its fans to proactively engage with positive and inspiring content on their feeds. “As a customer-focused brand, LG is a passionate champion of optimism. We aim to create positive changes in people’s lives by being intentional with our positive activities both online and in the real world,” said Kim Hyo-eun, the vice president and head of LG’s Brand Management Division. “In the AI era, LG remains committed to our unwavering promise of ‘Life’s Good.’ We will continue to…