Twitter owner Elon Musk announced the social media network will rebrand as X, ditching the bird logo and expanding into payments, banking, and commerce. https://twitter.com/elonmusk/status/1682964919325724673?s=20 https://twitter.com/elonmusk/status/1683378289031761920?s=20 Powered by AI, X aims to connect users in new ways and create a global marketplace for ideas, goods, services, and opportunities. Twitter chief executive Linda Yaccarino said the social media platform is on the cusp of broadening its scope. https://twitter.com/lindayacc/status/1683353772917940225?s=20 “X is the future state of unlimited interactivity – centred in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities,” Yaccarino tweeted. “There’s absolutely no limit to…
Author: David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
Kenya’s ongoing anti-government demonstrations are causing the country to lose Ksh.2.86 billion per day, according to the Kenya Association of Manufacturers (KAM). KAM chair Rajan Shah stated that the protests have significantly impacted the manufacturing sector, resulting in severe financial losses for businesses. The manufacturing sector contributes about 1 trillion shillings to the Kenyan economy, which equates to approximately 2.86 billion shillings in daily value addition. “This translates to approximately 2.86 billion shillings daily in value addition. Therefore, the country stands to lose up to 2.86 billion shillings daily if the protests continue to disrupt businesses as we have witnessed…
Netflix, a video streaming service, has begun enforcing restrictions on password sharing across its markets including Africa. The platform is available in Algeria, Libya, Tunisia, Egypt, Morocco, and South Africa. It is also available in Kenya and Nigeria. The company is implementing its paid-sharing service in its markets to turn service borrower household accounts into full-paying Netflix memberships. This is according to a statement shared with shareholders in the company’s second-quarter results. Netflix in May cracked down on password sharing for accounts in the US, UK and more than 100 other countries. “The cancel reaction was low and while we’re…
Safaricom Plc has partnered with TerraPay (Mobex Kenya) to enable its 32 million M-PESA customers to send and receive money between Bangladesh and Pakistan, reaching a combined population of over 200 million. This partnership provides Safaricom customers with access to TerraPay’s extensive network of 4.5 billion bank accounts and 1.5 billion mobile wallets, offering fast and affordable payment options worldwide. In the six months leading up to March 2023, M-PESA Global transactions grew in volume and value by 2.2% and 5.6% YoY, respectively, due to the rise in cross-border deals. TerraPay and M-PESA aim to create a financially inclusive payments…
SemaBOX launched WAZO, a podcast distribution platform that enables Kenyan and African podcasters to earn directly from plays and advertising revenue. WAZO, meaning “thought” in Kiswahili, is initially available free of charge to all listeners through the Wazo ONE plan starting July 17, 2023. WAZO is the first platform of its kind in Kenya, offering a brand-new revenue stream for podcasters and providing advertisers with an aggregated audience of over 39 million listeners across the SemaBOX creator network. “We are truly excited that we can finally bring this online,” said Dan Aceda, founder and CEO of SemaBOX. “On our platform,…
The Agriculture and Food Authority (AFA), the industry regulator in Kenya, has asked sugar cane millers to suspend their operations for four months. Milling operations in the Western and Nyando regions are to temporarily cease “with immediate effect…to allow sugar cane to mature.” According to AFA, milling operations are currently operating at less than 25% of their installed capacity, leading to a significant decline in sugar production over the last six months. This is due to a lack of investment in cane development by millers, uncontrolled cane harvesting outside respective catchment zones, unregulated cane collection centres, and non-adherence to proper…