Equity Group has announced its full-year 2024 financial results, showcasing resilient performance and sustained regional growth. The Group recorded a Profit After Tax (PAT) of Kshs 48.8 billion, underscoring the strength of its diversified business model, robust risk management, and regional expansion strategy. Commenting on the results, Dr. James Mwangi, Group Managing Director and CEO, stated, “We are proud of the resilience demonstrated by the Group amidst a challenging global economic landscape. Our financial strength positions us to seize opportunities across the region and support our customers through continued growth.” Strong Financial Performance The Group proposed a Kshs 4.25 per…
Author: TA Insights Hub
TA Insights Hub
Tech Arena is an independent technology news website that mainly covers social media news, mobile and gadget news and reviews, apps and software among others.
By Nzola Miranda As artificial intelligence (AI) continues to advance and transform various industries, a prevailing concern has arisen: Will AI render human labour obsolete? Reports highlighting automation, robotic workers, and self-driving vehicles frequently provoke anxiety regarding a future in which human employment is significantly diminished. Experts indicate that AI and automation are expected to have a profound impact on the job market. The World Economic Forum estimates that up to 85 million jobs may be displaced as a result of these technological advancements. However, it is also anticipated that the AI revolution will generate 97 million new employment opportunities. …
The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative by the Jack Ma Foundation and Alibaba Philanthropy, has crowned the winners of its sixth annual competition at the ABH Summit and Grand Finale in Kigali, Rwanda. Selected from nearly 20,000 applicants, the Top 10 finalists competed for a share of the $1.5 million prize pool, pitching their businesses before a distinguished judging panel and a live audience. Under the theme “AI – African Innovation, Insight, and Impact,” the event celebrated Africa’s brightest entrepreneurial minds. Meet the Top Three Winners of ABH 2024 Reflecting on his win, Henri Ousmane Gueye…
The top 25 women and girls have been awarded for their outstanding contribution to the growth of Kenya’s digital industry. The awards ceremony was held during the inaugural Tech Women Festival hosted at the University of Nairobi to honour women techies shaping the industry. Teki, a technology company, organizes the annual awards and festival. The ceremony brought together digital practitioners, innovators and industry leaders to celebrate milestones and explore policy gaps in the tech industry while connecting with peers. Mr. Martin Muli, Teki CEO and the festival’s director, said: “The Awards were created to recognise digital heroines who have mentored…
In a transformative move to advance Development Security Operations (DevSecOps), Deimos, a leading hybrid and multi-cloud technology company, partnered with Salus Cloud, an AI-first startup transforming DevSecOps, to develop an AI-driven proof of concept (PoC) that automates key security operations. Leveraging Deimos’s expertise in Google Cloud, this framework enables Salus to utilise Generative AI to streamline security operations, reducing deployment cycles to just five minutes while strengthening applications against cyber threats. At a time where Africa’s digital economy is significantly growing, projected to contribute $712 billion to GDP by 2050, the need for businesses scaling in the cloud to prioritise…
NTT DATA has launched a new suite of agentic AI services for Hyperscaler AI technologies to help organizations easily adopt, build, manage and scale AI-powered agents to improve efficiencies, unlock innovation and enhance employee and customer experiences to achieve measurable business results. This unique suite of services is expected to address the growing demand for agentic AI solutions that offer personalized experiences. This news builds on NTT DATA’s recently announced Smart AI Agent, enabling enterprises to integrate AI-driven automation across business functions. Unlike traditional automation, Agentic AI understands user needs, engages naturally and handles complex interactions, empowering organizations to confidently scale their…
Founded in 2021, Juridoc simplifies access to legal resources through a comprehensive database that includes legislation, case law, doctrine, and legal monitoring. Its intelligent search engine, powered by generative AI, enables legal professionals, businesses, and institutions to optimize their work by quickly accessing reliable and up-to-date information.” Already established in Tunisia and Senegal, Juridoc has achieved impressive figures: over 252,000 documents available, 325,000 successful legal searches, and more than 4,000 paid users. Building on this success, the startup aims to democratize access to legal information in new markets. “We believe our solution addresses a critical need for legal professionals, not…
Designed with an array of sizes to cater for every modern space and user preference, the LG OLED evo C4 TVs have greatly transformed modern entertainment over the last 11 years. The cutting-edge technology in these televisions introduces viewers to unmatched image quality and great audiovisual performance. Here is why all modern families should choose this series of TVs: Perfect Black Contrast Imagine watching your favourite show and every scene bursts boldly into life with the darkest shadows and brightest lights intertwining! The LG OLED evo TV Self-Lit Pixel technology provides the perfect black levels, a feature that significantly enhances infinite contrast…
BURN has been chosen by Fast Company as the #2 Most Innovative Company in Europe, the Middle East and Africa. Fast Company recognized BURN for its role in revolutionizing the clean cooking sector. BURN’s unique approach of blending in-country modern manufacturing, digital tracking, and home delivery has allowed BURN to scale to 9 countries and helped 28 million people save over $1.1 billion in fuel costs. Since 2011, BURN has sold 5.2 million biomass, LPG, and electric cooking appliances, including a cellular-enabled IoT Induction Cooker that allows customers to transition from inefficient traditional stoves to zero-emission cooking. These stoves are made affordable with…
Proparco and Equity Group have signed an agreement today, granting technical assistance of one million euros to Equity Group Foundation (EGF) for the implementation of its high-impact project, “Climate Resilient Agri-Food Systems” (CRAFS). This partnership with a long-standing client, Equity Group, aims to support small Kenyan farmers in the adoption of sustainable practices. The signing ceremony took place today, March 18, 2025, in Nairobi, in the presence of H.E. Arnaud Suquet, French Ambassador to Kenya, Jean Guyonnet-Dupérat, Proparco’s Regional Director for East Africa and Dr. James Mwangi, CEO of Equity Group. Agriculture is a key driver of Kenya’s economic development,…