Business

 Since last October, 268,000 smartphones assembled locally have been purchased by Kenyan consumers. The consortium responsible for producing these devices has successfully sold 80% out of the 330,000 phones they assembled, indicating a strong demand for such products in Kenya. Eadak, an acronym for East Africa Device Assembly Kenya Limited, is a joint venture between
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 Safaricom PLC, headed by CEO Peter Ndegwa has declared its largest earnings in history – Ksh.139.9 billion in earnings before interest and tax (EBIT) for the period ending March 31, 2024. The accomplishment which was highlighted during its Full Year 2023/2024 results that were disclosed on Thursday, exhibits Safaricom’s enduring dedication towards superiority and innovation
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 E-commerce giant Jumia has appointed Vinod Goel as the Regional CEO for East Africa. Jumia is currently undergoing an extensive expansion drive and the new appointment couln’t have come at a better time. The appointment will most likely be pegged to the e-commerce’s efforts in driving growth and innovation across the region. Vinod, who previously
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 At the All-Africa Media Leaders’ Summit, which was held here in Nairobi, David Omwoyo who is the current President of the Media Council of Kenya (MCK), highlighted how crucial it has become to use digital platforms in interacting with different and changing audiences. He pointed out that digital technologies have gone beyond physical boundaries because
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 The Kenyan government has declared creation of special team inside the Directorate of Criminal Investigations (DCI) that will focus on monitoring dangers posed towards bloggers. Kithure Kindiki, Cabinet Secretary of Interior, made this announcement highlighting the dedication by government to protect bloggers expressing different opinions on social media platforms. According to CS Kindiki, detectives from
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 Google is now accepting applications for the 2024 group of its Hustle Academy, which is a program that aims to boost the development of small and medium-sized businesses (SMBs) in Sub-Saharan Africa. Unlike previous years, there a major addition in the current year which includes AI training with a focus on blending its use in
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 Old Mutual Group has partnered with KICD to roll out a pioneering online financial literacy program targeting junior and senior school teachers in Kenya. This is part of a bigger initiative through which to integrate financial literacy into the current Competency-Based Curriculum from pre-primary to senior school. Addressing Financial Literacy Gaps This presents a significant
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 Ride-hailing platform Bolt had inked a deal with the Kenya Red Cross in an effort to support Kenyans affected by recent floods. A new “Flood Assist” category on the Bolt app will allow riders to contribute to relief efforts, where the online taxi operator will contribute a percentage towards those affected by recent floods that
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 Parliamentarians have allocated funds from the National Government Constituency Development Fund (NG-CDF) for the creation of ICT Hubs. In Kakamega, Member of Parliament for Teso South, Mary Emase, explained how legislators have partnered with the Ministry of Information, Communications and Digital Economy to build one ICT hub in each ward across the country. She added
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 Introduction of Samsung Galaxy Foldables Absa credit card holders in Kenya can now prepare to acquire the newly launched Samsung Galaxy foldables, the Z Fold 6 and Z Flip 6, on credit. This opportunity is derived from the existing relationship between Absa Bank and Samsung, allowing Kenyans to buy Samsung devices under the Galaxy series
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