Author: David Indeje

Women-led businesses in Kenya are set to benefit from Standard Chartered’s business proposition, dubbed SC Women International Network (SC WIN). This network leverages the power of Standard Chartered’s global footprint to help women-led businesses grow domestically and internationally. The offering includes capital, protection, and investment solutions customized for women in business. SC WIN has been designed in partnership with Safaricom, Mastercard, the Kenya Private Sector Alliance (KEPSA), and Jubilee Health Insurance. SC WIN is founded upon three pillars: scale, connect, and belong. It will enable women entrepreneurs to access invoice discounting, capital, insurance, and investment solutions, as well as get…

Uber Kenya has announced several exciting updates, including the launch of Uber Reserve, expansions to new cities, and new incentives for drivers. Uber Kenya has recently announced several exciting updates and expansions to its services.  One of the most notable updates is the launch of Uber Reserve, which allows users to book UberX trips up to 90 days in advance, making for hassle-free travel. This feature is perfect for trips to the airport, meetings, and preplanned activities. “But the other great thing about Uber Reserve is that if a driver is on the way to you and they’re stuck in…

Safaricom shareholders have approved the creation of two new subsidiaries, one focused on investing in seed-stage startups and the other on growth-stage startups. The two were approved at Safaricom’s 15th Annual General Meeting (AGM) held on Friday, representing a significant step towards supporting tech entrepreneurs, fostering innovation, and strengthening Safaricom’s role as a key enabler of the Kenyan tech community. The incorporation of a company limited by guarantee to invest in seed-stage startups builds on the Spark Fund, an investment entity by Safaricom PLC designed to empower and nurture seed-stage startups across Kenya. This new entity is expected to streamline…

East Africa Breweries Plc (EABL) has announced a 50% reduction in its payout to shareholders, from Ksh. 11 to Ksh. 5.50 per share, due to a drop in earnings to Ksh.12.3 billion for the full year ended June 30, 2023. The company attributes the 21% decrease in earnings to high taxes, reduced disposable income, and inflation. EABL’s board of directors has recommended a final dividend of Ksh. 1.75 per share, subject to withholding tax and payable in October.  This brings the total dividend for the year to Ksh.5.50 per share, down from Ksh.11 in 2022. In its financial statement, EABL…

Bunyore Assasins and Ebwali Boys from Vihiga County won their semi-final matches last weekend to advance to the finals of the Safaricom Chapa Dimba grassroots tournament. Bunyore Assasins outlasted Bumunyange Forces 5-1 and Ebwali Boys took down Chavakali Boys by 2.0. The two will play their finals Sunday at Maseno Polytechnic. Other teams from Kakamega, Busia and Bungoma counties will play their third round on Saturday and Sunday to secure a place in the fourth round, which will be played in August. This weekend, Kakamega teams will play 206 matches, followed by Bungoma (156) and Busia (54). https://twitter.com/SafaricomPLC/status/1683035846780305408?s=20 The Safaricom…

Samsung on Wednesday unveiled the fifth generation of foldable smartphones; Galaxy Z Fold5 and Z Flip5. The new foldable phones use Snapdragon 8 Gen 2 and are IPX8 rated for water. Samsung Galaxy Z Flip5 has a 3.4-inch Super AMOLED cover screen with a 60Hz refresh rate, and 720×748 resolution at 306 ppi. The unfolded screen increases to 6.7 inches having a 120Hz adaptive refresh rate 2640×1080 resolution and a 22:9 aspect ratio. Galaxy Z Flip5 sports a 10MP front camera. It has dual 12MP lenses with OIS. “Samsung is revolutionising the mobile industry with foldables by setting the standard…