BUSINESS

News on Business trends in Kenya and Africa

1 hour ago

Safaricom Pilots Mobile Health Records System in Nakuru County

Safaricom is pushing further into healthcare with the latest pilot program in partnership with the Nakuru county government. The telco…

2 days ago

Microsoft Acquires Health Care AI Company Nuance for $19.7 Billion

Microsoft is acquiring Nuance, a health care AI company in a multi-billion dollar acquisition announced Monday. The American technology giant’s…

2 days ago

Demand for PCs Increase Across the Globe, With 69.9 Million Units Shipped in Q1

Global PC sales continue to grow as more people work and study from home. Gartner’s latest research shows the market…

2 days ago

Uber Expands Ride-hailing and Food Delivery Service to Nakuru

Uber is now available in Nakuru, one of Kenya’s top towns. The company’s taxi-hailing service and food delivery arm, Uber…

2 days ago

Absa partners with AWS to launch an internal cloud computing incubator for its staff

Absa Group has launched a cloud incubator initiative in collaboration with Amazon Web Services. The initiative is aimed at enhancing…

6 days ago

Telkom Kenya Subscribers To Buy Standard Group’s e-papers Using Airtime

Telkom Kenya has partnered with Standard Group to enable customers to buy digital versions of The Standard and The Nairobian…

7 days ago

Kris Senanu and Steve Okeyo exit Telkom Kenya

Telkom Kenya has today announced that two of its senior colleagues are leaving the company. The two are Steve Okeyo,…

1 week ago

Airtel Kenya Prepares 5G Switch to Rival Safaricom

Being an early adopter of the fifth generation of cellular networks, or 5G, Safaricom is positioned to become the first…

1 week ago

More Kenyans Take Up Fixed Internet Services

The latest Sector Statistics report from the Communication Authority of Kenya is out, detailing how various ICT industry sectors performed…

1 week ago

Kenyans Sent Nearly Ksh 1 Trillion to Businesses in Three Months

As the country opened from the over 3-month lockdown effective March 18, 2020, to July 7, Kenyans spend increased as…

2 weeks ago

Telkom Kenya Announces Easter Device Promotion

Telkom Kenya has announced new offers on a variety of devices as part of its Easter promotion. The telco will…

2 weeks ago

Huawei 2020 Annual Report Announced, Sales Revenue up Despite US Sanctions

Chinese technology company Huawei has announced its 2020 annual report. The 2020 annual report shows stronger resilience despite the harsh…

2 weeks ago

Equity Bank Registers 51% Balance Sheet Growth

Equity Bank has weathered the COVID-19 disruption to register a 51% growth in its balance sheet with total assets growing…

3 weeks ago

Safaricom 5G: Speeds, Availability, Supported Phones, Coverage

Safaricom did 5G tests in the country in 2020. The telco planned to launch the next generation of mobile networks…

3 weeks ago

Equity Bank, FMO-NASIRA sign guarantee program for COVID-19 support

Equity Bank Kenya has entered into a new partnership with the Netherlands FMO development bank with the signing of a NASIRA…

3 weeks ago

Microsoft Reportedly in Talks to Acquire Game Chat Service Discord

Microsoft is in talks to purchase chat communication service Discord. The chat communication service, popular with gamers, could cost the…

4 weeks ago

Jumia launches Food Festival campaign to support local restaurants

E-commerce platform Jumia has launched a Food Festival Campaign to support local restaurants. The campaign will run from 19th March…

4 weeks ago

Newly signed Equity SME guarantees to benefit more women owned SMEs

A bulk of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned…

4 weeks ago

Here’s a Breakdown of Telkom Kenya’s New T-kash charges effective 5th March 2021

Telkom Kenya recently reviewed charges for its mobile money service T-kash. Effective 5th March, the telco said that all Person-to-Person…

4 weeks ago

Airtel Africa Sells Minority Stake in Mobile Money Business for $200 Million

Airtel Africa, a subsidiary of India’s Bharti Airtel, has finally offloaded a minority stake in its mobile money business. The…

4 weeks ago

Huawei to Charge Smartphone Companies Using Its Patented 5G Technology

Chinese telecommunications giant Huawei will begin collecting royalties from smartphone makers using its patented 5G technology. Huawei charging for its…

March 16, 2021

Flutterwave Partners with PayPal to Enable African Merchants Receive Payments from Abroad

African fintech company Flutterwave is partnering with US payments giant PayPal. The collaboration is a big sigh of relief to…

March 12, 2021

U.S Government Adds New 5G Licensing Restrictions to Huawei Suppliers

The U.S. government has imposed new licensing restrictions to some Huawei suppliers regarding technology components meant “for use in or…

March 12, 2021

Telkom Kenya Freedom Friday Bundles Offer More Data for Less

Telkom Kenya is running a new promotion offering its customers more data for less. Known as Telkom Freedom Friday, the…

March 11, 2021

Apple to Build ‘state-of-the-art’ Chip Design Facility in Germany

American technology giant Apple has announced its plans to invest in a new chip design plant in the European country…

March 10, 2021

Equity Signs Kshs 11 Billion Credit Facility with European Development Banks to Support local MSMEs

Equity Group has signed a Kshs 11 Billion loan facility with Team Europe, Germany’s DEG, the Netherlands FMO and the…

March 8, 2021

Huawei’s smartphone struggles are also affecting it in China

The ongoing US sanctions on Chinese technology giant Huawei are hitting the company hard. It’s smartphone sales have plummeted in…

March 5, 2021

Sending Ksh.100 on T-kash is now free as Telkom Kenya reviews tariffs

Telkom Kenya has today reviewed tariffs for its mobile money service T-Kash. Starting today the company says all Person-to-Person transactions…

March 4, 2021

Telkom Kenya’s New Subscribers Offer Now Comes With 500MB Free Monthly Data

Telkom Kenya has launched a new Welcome Offer for subscribers joining the network for the first time. The Welcome Offer…

March 4, 2021

AAR Insurance Goes Digital with New Mobile App

AAR Insurance Kenya has launched a new mobile app available on Google Play Store and the App Store. The new…

March 2, 2021

Jumia Expanding Food Delivery Business to Egypt

Jumia wants to deliver more food across Africa, one of its executives said in an interview. According to co-Chief Executive…

February 25, 2021

Faulu Bank to lend Ksh.3 billion to local SMEs

Faulu Microfinance Bank plans to lend up to Ksh.3 billion to local micro, small and medium enterprises (SMEs) to help…

February 24, 2021

Kikao64 opens new co-working space in Eldoret town

Kikao64 has opened a new co-working space, an ‘inspirational hub’, in Eldoret town. The company says this launch is in…

February 22, 2021

Apple Becomes World’s Biggest Smartphone Maker Again

Due to the disruptions caused by the covid pandemic, smartphone sales declined in the final quarter of 2020, during the…

February 19, 2021

Ethiopia Denies Shortlisting Safaricom for Telco License

A report emerged on Wednesday that Kenya’s largest telco Safaricom had made it to the shortlist of six firms selected…

February 18, 2021

Kenya’s Online Shopping Score Drops

Kenya has dropped in rankings on the UN’s latest e-commerce Index in Africa, which indicates a country’s readiness to support…

February 18, 2021

Safaricom Joins Shortlist of Firms Qualified for Ethiopia Telco License Bid

Safaricom has been shortlisted in the final list of firms that will bid for one of the two telecom license…

February 17, 2021

Safaricom Adds Data Caps to Home Fibre: Here’s what you need to know

Last week, Safaricom announced they were doubling Home Fibre Speeds. Safaricom Home Fibre customers would enjoy increased speeds without an…

February 16, 2021

Equity Opens Central and Southern Africa Regional office

Equity Group has opened a new dedicated sub-continent office for the Central and Southern Africa Region. It has also appointed…

February 15, 2021

StarTimes reduces decoder prices to Ksh.999

Pay Television Company StarTimes has today announced a decoder price reduction of up to 33% targeting new subscribers. The StarTimes…

February 12, 2021

Absa Kenya to Invest Ksh1.6 Billion in Digital Products

People are reluctantly visiting bank halls due to proliferation of mobile banking that has made it easier for customers to…

February 12, 2021

Equity BCDC Unveils New Identity as It Positions to be the Bank of Choice in DRC

After a successful merger of Equity Bank Congo (EBC) and Banque Commerciale du Congo (BCDC), to form Equity BCDC, the…

February 12, 2021

Court Clears Regulatory Hurdle for Stalled Telkom, Airtel Kenya Merger

Telkom and Airtel Kenya’s merger plan came to a halt in August last year following a series of regulatory hurdles.…

February 12, 2021

Safaricom Wins Big in Sh1.6bn CA’s Network Upgrade Tender

Safaricom has won the lion’s share in a network upgrade tender awarded to a total of five companies. Safaricom and…

February 11, 2021

Twitter is Considering Paid Subscriptions, Again

Twitter Inc.’s business is strongly supported by advertising, but it has been mulling to expand revenue streams for a while.…

February 10, 2021

Safaricom Increases Home Fibre Speeds

Safaricom has announced changes to its Fibre to the Home customers increasing speeds, but retaining prices as they currently are.…

February 9, 2021

Kenya Bets on ICT for Economic Transformation

Kenya is championing ICT to aid economic transformation. During the 2021 Africa Business Forum held virtually, President Uhuru Kenyatta praised…

February 3, 2021

Airtel Africa to Sell Minority Stake in Airtel Money

Airtel Africa, the African subsidiary of India’s Bharti Airtel wants to sell a minority stake in its mobile services platform…

February 3, 2021

LG’s Profit Sets New Record Despite Continued Lose in Smartphones

South Korean tech company LG Electronics Inc. has released its 2020 full-year earnings report. The company’s business performed exceptionally well…

February 1, 2021

CA Puts Telkom and Airtel Kenya on Notice Over Service Quality

Kenya’s ICT regulator, Communication Authority of Kenya, CA, has put two of the country’s telcos on notice over service quality.…

February 1, 2021

Jumia launches City Partner Program in Mt.Kenya region to empower local businesses

Ecommerce giant Jumia has launched a new program to empower local businesses by boosting their revenue and providing better services to…

February 1, 2021

KCB inks Bank Identification Number deal with South African fintech startup Ukheshe

South Africa’s fintech startup Ukheshe has entered into a new Bank Identification Number (BIN) deal with Kenya-based lender KCB Bank Kenya. This…

January 29, 2021

Huawei Smartphones Lose Second Spot to Apple

Huawei has had a rough time since My 2019 Sanctions by the US Government. The escalation of the sanctions in…

January 28, 2021

Apple’s iPhone 12 Series Help Secure Global Smartphone Top Spot

Apple had a spectacular quarter towards the end of the year. Canalys estimates the firm sold 81.8 million iPhones in…

January 28, 2021

Samsung Reports Profit Increase in 2020 Despite COVID-19 Pandemic

Samsung’s business did experience growth in 2020, despite the presence of covid-19, which affected nearly every industry worldwide. The company…

January 27, 2021

Ramtons 3-In-1 Blender/Juicer – A Pocket-Friendly Option!

While it is important to be mindful about which countertop appliances you should make room for in the kitchen, a…

January 26, 2021

Safaricom Launches new M-PESA Bill Management Platform for Businesses

Safaricom has today unveiled a new platform targeted at businesses that involve repeat payments. M-PESA Bill Management service is built…

January 26, 2021

Huawei Founder Talks of the Company’s Future Following US Ban

After listing the company, together with its affiliates, in the so-called Entity List, Huawei’s definite dream to become the number…

January 26, 2021

New Carrefour Kenya Mobile App Lets Shoppers Place Orders Online

Carrefour Kenya has launched a new mobile app that will now let users shop online and have their goods delivered…

January 25, 2021

Telkom Kenya’s Plans After Loon Shutdown

Telkom Kenya will forge ahead with plans to scale up to 80 per cent of its userbase to 4G, after…

January 22, 2021

Loon is shutting down its Balloon-powered Internet Project in Kenya

Project Loon, the ambitious project by Google’s parent company, Alphabet, in partnership with Telkom Kenya is shutting down. The project…

January 21, 2021

Global 5G Deployment to be “Ignited” in 2021

The fifth generation of wireless networks, or simply 5G, has been commonplace talk by research firms for most of the…

January 18, 2021

Mastercard, Unilever and KCB Bank to provide a $150k recovery package to Kenyan MSMEs

To extend support towards COVID-19 economic recovery, Mastercard, Unilever and KCB Bank have pooled resources to provide Micro, small and…

January 15, 2021

Google Completes Fitbit Acquisition

Google has officially completed the acquisition of Fitbit, a wearables company, for an eye-popping $2.1 billion. Announcing the news, Rick…

January 15, 2021

Xiaomi Blacklisted in the US

The United States government has blacklisted Chinese smartphone maker Xiaomi for alleged ties with the Chinese military. Comac, a Chinese…

January 12, 2021

Economic uncertainty set to shape 2021 cybercrime agenda in Africa

Last year, the number of cybersecurity attacks increased globally, a time when lots were forced to stay at home if…

January 7, 2021

Demand for TECNO, Itel and Infinix Phones in Africa Soars

2020 was not a great year for most smartphone companies as the pandemic hit various points of their supply chains,…

January 6, 2021

NTSA selects dozens of companies to build cashless fare payment system for PSVs

The National Safety and Transport Authority (NTSA) has selected dozens of local firms to build a cashless fare payment service…

January 5, 2021

Kenyans Register for Nearly Three Million SIM Cards in 3 Months

Kenya’s population stood at 47.6 million according to the 2019 Census report, but the number of mobile subscriptions in the…

January 5, 2021

Safaricom M-PESA Charges Effective January 2021

The year began with the return of transaction charges for money transfer between Ksh 101 up to Ksh 1000. The…

December 29, 2020

These Industries grew in 2020 despite Covid-19 slowdown

There are a few events in history that have changed the course of humanity and this ongoing Covid-19 pandemic may…

December 21, 2020

DPO Group introduces Real-Time Settlements on digital payments for sole trader merchants in Kenya

African payment service provider DPO Group has launched Real-Time Settlements for its SME sole proprietor merchants in Kenya. 86% of SMEs…

December 15, 2020

Six Emerging FinTech Trends in Africa

Africa is quickly becoming the centre of new fintech innovations and adoptions. Many financial technology start-ups are coming up across…

December 14, 2020

Pay for Showmax Pro using Visa or MasterCard and Get 25% Off

Festivities are around the corner, and the MultiChoice-owned streaming platform Showmax has already lined up it’s Christmas Countdown Entertainment Collection.…

December 11, 2020

CMA approves Kshs4 billion Centum Medium-Term Note

The Capital Markets Authority (CMA) has granted approval to Centum Real Estate Limited (Centum Re) to issue secured zero-coupon and…

December 10, 2020

Showmax Lines up its Christmas Countdown Entertainment Collection

Christmas is here with us, what a year 2020 has been, and Showmax wants to end the year on style…

December 9, 2020

Apple supplier Foxconn Hit by Ransomware Attack

Foxconn Technology Group, the company that assembles iPhones for Apple, was hit by a cyber attack in November that affected…

December 7, 2020

LG to Outsource Low-end Models to Save Loss Making Smartphone Business

LG is rethinking its smartphone business strategy in an attempt to cut costs. The company’s smartphone arm has continuously been…

December 7, 2020

Safaricom Seeks Regulatory Approval on new Financial Products

Kenya’s largest telco Safaricom has applied for regulatory approval on three new financial products that will expand its product offerings.…

December 4, 2020

Wearable Device Market Grows Massively from July to September

Wearables are slowly but steadily becoming part of our daily lives, including fitness bands, smartwatches, and the broad hearable category.…

December 2, 2020

Equity receives double recognition at the African Bankers Awards 2020

Equity has scooped two awards at this year’s African Banker Awards. The Bank has been awarded the Best Regional Bank…

December 1, 2020

Apple fined €10m for Misleading Users about the iPhone’s Water Resistance

The iPhone’s water resistance feature has got the company in hot soup in Italy. The country’s competition watchdog has fined…

December 1, 2020

Nokia and Airtel Kenya lay 5G foundations in Kenya

Airtel Kenya has inked a deal with Finish telco equipment maker, Nokia, to modernize Nairobi with high speed 4G and…

November 30, 2020

Netflix Partners with Realness Institute to Launch a Content Development Lab for African Writers

Streaming giant Netflix and Realness Institute, a company focused on supporting African content, have announced a partnership deal to create…

November 26, 2020

Safaricom Contemplates Reducing M-PESA Transaction Costs

Safaricom has hinted at plans to cut M-PESA transaction costs to retain increased cash transfers on the mobile money platform.…

November 26, 2020

Safaricom Flexible 4G Smartphone Financing Plan Attracts 50,000 Users

Over 50,000 Safaricom customers have jumped ship on the telco’s flexible 4G smartphone financing plan dubbed Lipa Mdogo Mdogo. According…

November 25, 2020

Samuel Onyango Joins Equity as a Non-Executive Director

Equity has appointed of Samuel Onyango as a Non-Executive Director to its Equity Bank (Kenya) Limited (EBKL) Board. Samuel has…

November 25, 2020

Ngao Credit offering 3% discounted interest rate for its loan products during this Black Friday

Ngao Credit Black Friday: This year’s Black Friday is here with us. This is the biggest retail sales day for…

November 25, 2020

M-PESA has become the first African FinTech platform to join United for Wildlife Financial Taskforce

M-PESA has become the first mobile money provider in Africa to join the Financial Taskforce established by United for Wildlife.…

November 24, 2020

Kenya Ranked Among the Top 3 African Countries Affected by Mobile Fraud

Kenya has been ranked among the top three African countries hit by mobile fraud. According to Evina, a Paris-based cybersecurity…

November 23, 2020

StarTimes to elevate bouquets in subscriber retention strategy

Pay Television Company StarTimes Media has unveiled a strategic subscriber retention policy for its subscribers. The new policy will enable…

November 23, 2020

Jiji Online Market Place Kenya new security measures to protect its users in a bid to dominate Kenya’s e-commerce space

If you were a frequent user of OLX Kenya a few years ago, you probably already know that the e-commerce…

November 18, 2020

Equity Bank’s Borrowed SME Funds jump to Ksh68.5 billion in Q3

Equity Bank’s borrowed funds for SME s jumped 19.7 per cent to Sh68.5 billion over the three months to September…

November 18, 2020

This could be the right time to import a car

Owning a car has always been everyone’s dream especially if you have a family and with the year almost coming…

November 17, 2020

Huawei Confirms Selling its Honor Smartphone Business

After multiple reports of Huawei planning to sell its Honor smartphone business unit, the company has finally confirmed that it wasn’t…

November 17, 2020

WorldRemit announces Africa-focused Entrepreneurship Program in Kenya

WorldRemit, a global digital payments company, has launched an Africa-focused entrepreneurship programme in Kenya. The WorldRemit Entrepreneurs Programme will also be…

November 16, 2020

Qualcomm Granted Permission to Supply Huawei with 4G Smartphone Chips

Huawei’s smartphone business is anticipated to receive a life of breath after a recent license granted to Qualcomm by the…

November 13, 2020

Tablets and Chromebooks Drive Growth in the Global PC Market

The overall PC market, including sales of desktops, tablets, and Chromebooks, has seen immense growth due to shelter in place…

November 13, 2020

KenTrade introduces support services to ease trade documentation processes for traders

The Kenya Trade Network Agency (KenTrade), has introduced optional premium and support services to ease trade processes for traders in…

November 12, 2020

Swvl Launches Long Distance Travel Service in Kenya

Swvl Kenya has introduced a new service suited for long distance travelers. Through the app, users will now book for…

November 10, 2020

Huawei will sell its Honor Smartphone Business for $15 billion, report

Huawei’s troubles with the US government are still jeopardizing its smartphone and telco business. The company shut down its chipmaking…

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