Author: David Indeje

The Democratic Republic of Congo was officially admitted to the East African Community on Tuesday, during the 19th Extraordinary Summit of the EAC Heads of State. Other members of the East African Community the East Africa Community (EAC) include Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda. https://twitter.com/jumuiya/status/1508736436174041091?s=20&t=qu4JQAjRZwcrDoHddQcQGA “This historical and landmark milestone has transformed the EAC bloc into the most attractive trade investment destination in Africa, offering a market-driven economy of 266 million people and a Gross Domestic Product of USD 243 billion,” Mr. John Bosco Kalisa Executive Director, East African Business Council (EABC) said in a statement. President…

Netflix has acquired Boss Fight Entertainment, the third studio to be purchased by the service as it invests in video games. Boss Fight Entertainment was founded in 2013 by David Rippy, Bill Jackson, and Scott Winsett. The founders stated, “Boss Fight’s mission is to bring simple, beautiful, and fun game experiences to our players wherever they want to play.” “Since we launched mobile games to our members around the world just four months ago, we’ve been expanding our games catalogue bit by bit as we build out our in-house creative development team. So today, we’re excited to announce that Boss…

The Central Bank of Kenya (CBK) has temporarily barred Ecobank Kenya Limited from foreign exchange trade over unsafe trading practices and breach to  forex guidelines. The lender will halt forex trade for a week until April 4, 2022, and will not be allowed to transact in the interbank foreign exchange market. CBK says the lender had concluded a forex transaction contrary to the Prudential Guidelines on Foreign Exchange Exposure Limits. “In investigating Ecobank’s trading practices and a specific transaction that it had concluded, it is evident that Ecobank did not have sufficiently robust risk controls to prevent breaches on its…

Microsoft Corp. on Thursday opened its African Development Center (ADC) facility in Nairobi after Lagos, Nigeria.  ADC is Microsoft’s initiative in Africa for an engineering hub to provide local solutions with global scalability as well as provide employment opportunities and further enhance technological innovations on the continent. “The launch today positions Kenya as a tech hub in Africa, more so as technology takes the center stage in the global economy,” President Uhuru Kenyatta said President Uhuru Kenyatta said he presided over the official launch of the Microsoft Africa Development Centre (ADC). “ADC is a global recognition of the talent and…

Ayagigs is a curated multi-purpose African talent marketplace for the Future of Work. In Africa, they are positioning themselves as an avenue where they match businesses with vetted professionals. In Kenya, for instance, the online gig economy is expected to grow by 33 per cent over the next five years, to $345 million in 2023, employing a total of 93,875 gig workers, representing a growth rate of 27 per cent, according to a study conducted by Mercy Corps. On the other hand, Aya Founder Eric Annan says Mastercard Foundation projects the total available market for Digital Professional services to be…

Kenyan processors on Wednesday called for self-regulation and harmonization of rules and standards with all stakeholders to promote trust among consumers on fortified foods.  Speaking during a multistakeholder workshop on strengthening African processors of fortified foods (SAPPF)  the players said food fortification is “more important now, more than before, and there was the need to test everybody not just the big players”. SAPPF is a TechnoServe program that takes a holistic approach to address technical challenges and works to strengthen the enabling environment that promotes the competitive, healthy, and effective production of fortified foods. The workshop was taking in lessons…