Author: Brand Spot

When the  CBK Amendment Bill, 2021 was signed into law last year, the Central Bank was given powers to police the lenders. One way the digital lenders were considered a nuisance was contacting people the borrowers know as a way of shaming them and thus forcing them to pay their loans. This is why the bill signed into law and the Data Protection Regulations, 2021 are crucial in protecting borrowers. The Office of the Data Protection Commission (ODPC) plays a very important role in ensuring this is enforced.  The lenders are no longer allowed to contact any person or share…

Pesapal has upgraded its Application Programming Interface (API) to Pesapal 3.0, allowing for the delivery of enhanced security features as well as an improved user experience/ user interface for merchants and consumers across all the markets. As part of the API upgrade to Pesapal 3.0, Pesapal has adopted the 3-D Secure processing for card payments and introduced Sim Tool Kit (STK) for mobile money payments. These new components of Pesapal 3.0 have improved the UI/UX for not only end-users but also for developers. Additionally, these changes specify the use of multiple options for step-up authentication eliminating instances of fraud and…

KCB customers in the Public Service Vehicle industry will now be able to access flexible financing options in a deal between KCB Bank Kenya and BasiGo Ltd, an e-mobility startup and financing company supplying electric bus services to sub-Saharan Africa. The partnership announced today, will see customers enjoy up to 90% funding with an extended repayment period of 36 months while supporting them to reduce their greenhouse emissions and enhance their ability to respond to climate change through adaptation and mitigation measures. In addition, customers will have the privilege to access embedded tracking, and fleet management gadgets already installed on…

Going on a trip, we most often try not to collect unnecessary things, but everyone has a list of the most necessary things. We, in turn, recommend paying attention to a number of things that can be extremely useful on the road, while traveling and on a business trip. In this article, we will talk about smart gadgets that can make your trip more enjoyable. Compact Wi-Fi router for tourists  If there is only a wired Internet connection in a rented room, then the miniature Smart Travel Router & Adapter will turn it into a wireless one. In addition to…

E-commerce has been around for years and has grown in no time, especially during the pandemic. Businesses have quickly moved to online channels, accelerating the digitization timetable. With eCommerce (online shopping), customers can browse through what they want to purchase using their computers or phones, which offers them convenience. Staying competitive in this new business requires new strategies and practices, and companies such as LG Electronics have not been left out. LG Electronics launched its e-showrooms to offer consumers the convenience of browsing and purchasing home electronics and appliances. The e-showrooms came at a time when Kenyans were embracing the…

SweepSouth today announced that it has completed an US$11m investment round led by Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund. The size of the round, which is SweepSouth’s largest to date, is a result of strong growth in the company’s valuation and social impact since the previous funding round. Current investors Naspers Foundry, The Michael and Susan Dell Foundation, and Futuregrowth Asset Management all committed to participate in this new round, as did new investors Endeavor Catalyst, Endeavor’s Harvest Fund II, Caruso Ventures, and E4E Africa. Co-founded in 2014 by Aisha Pandor and Alen Ribic, SweepSouth…

This afternoon, Kenyan President, William Ruto, called for the restructuring of the current CRB profile listing mechanism. The President said the current system tends to lock out some borrowers, limiting access to credit for a big portion of the population.  With that, the President said that the over 4 million Kenyans blacklisted by CRBs will be ejected from the negative listing. This will be a relief for those listed on these systems for defaulting on their loans.  The President wants CRB to be transformed from just a blacklisting body to a credit scoring body. This is a much better platform…

Microsoft is expanding its partnership with the African Development Bank to support Africa’s youth entrepreneurs under the bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative.   Through its African Transformation Office (ATO), Microsoft will work with the bank to develop youth entrepreneurship ecosystems, creating jobs and dramatically scaling impact in Africa through digital inclusion. Africa’s young population is expected to double in size by 2050, reaching 830 million. Though 10 to 12 million youth join the continent’s workforce every year, just over three million jobs are created, meaning large numbers of people remain unemployed.  Youth entrepreneurship will go a long way to…

Binance has announced the creation of its new Global Advisory Board (GAB), comprised of distinguished experts in public policy, government, finance, economics, and corporate governance. The Global Advisory Board, chaired by former US Senator and Ambassador to China, Max Baucus, recently convened in Paris, France. The board’s purpose is to advise Binance on some of the most complex regulatory, political, and social issues the entire crypto industry faces as it grows and evolves at a fast pace. “For the past five years, Binance has been at the forefront of pioneering the exciting new world of crypto, blockchain, and Web3,” said…

Gaming as we know it has changed. Each day comes with new trends, putting developers on their toes trying to catch up with the fast-changing tech world. The current gamer is not the usual one that we know. He/she is unique and wants to be treated as such. The current gamer is not one who just sits before a boring screen that strains their eyes and then purports to be enjoying just to fit. The current gamer wants not just quality but convenience that resonates with what he believes in and what he sees in real life. He wants when…