Author: David Indeje

Kenya leads the world in P2P cryptocurrency transactions, and ranks fifth overall in its adoption, a new report showed on Thursday. Mercy Corps Venture (MVC)  and  Celo Foundation report on the Kenyan Microwork Pilot findings show that the country is well-positioned to build on its reputation and leapfrog many of its peers through digital labour and cryptocurrency. The pilot demonstrates the potential of blockchain and cryptocurrencies to drive financial inclusion by creating new digital employment opportunities, reducing the cost of cross-border micropayments, and incentivizing saving among low-income youth. The pilot was completed over three months at the start of 2021…

Kenya is among six countries selected to receive the technology necessary to produce mRNA vaccines against COVID-19. Other countries are Egypt, Nigeria, Senegal, South Africa and Tunisia. This was announced Friday at the 6th African Union (AU) – European Union (EU) Summit in Brussels, Belgium. The six have been chosen to build vaccine production factories as part of a bid the World Health Organisation launched in 2021 to support manufacturers in low and middle-income countries to produce their own vaccines as part of the efforts to address vaccine inequity. “Today I’m delighted to announce the first six African countries that…

Kenya National Rally Championship winner Baldev Chager in his  Kabras-sponsored Porsche 911  won the 10th edition of the East African Safari Classic Rally with a time difference of 07:43.9.  “It was a matter of judging each day as you see it and clicking together as a team that pushed us to victory,” Baldev said on February 18, 2022. Victory donuts ??#EASCR Winners Baldev Chager & @DrewSturrock pic.twitter.com/8qEGwYUQ3o — Official Motor Sport World Ke (@MotorsportWKe) February 18, 2022 Charger was followed by Patrick Sandell while Ian Duncan was third. East African Safari Classic Rally Results 1 Baldev Chager(KEN) / Drew…

Longhorn Publishers Plc will not pay dividends for FY21 to its shareholders even after posting a net profit of KSh15 million in the year ended December compared with a  Ksh 145 million loss in 2020. Sadly for the shareholders, there is no certainty if the firm will pay a  dividend.  The improved growth in profit is being attributed to higher sales which surged to KSh960.9 million due to increased purchase of books and other learning materials. “Across our various markets, we have seen a gradual improvement in the trading environment which supported the overall positive half-year performance of the Group,”…

British American Tobacco Kenya Plc Thursday reported a net profit of Ksh  6.483 billion for the full year ended December 31, 2021, up 18 per cent year-on-year.  This was attributed to the increase in net revenue and effective cost management and offset by higher corporation tax. “The growth in profitability is reflected in higher earnings per share aligned to our commitment to deliver sustainable shareholder value,” the company said. In addition, it said the easing of Covid-19 containment measures created a ‘more favourable trading environment compared to the prior year’. Its gross revenue increased by 3 per cent to Ksh…

Xiaomi Kenya, a sub-brand of Xiaomi Corporation, one of the world’s leading smartphone companies Thursday unveiled Redmi Note 11 Series in the Kenyan market – the Redmi Note 11 Pro, Redmi Note 11S and Redmi Note 11. The Redmi Note 11 series brings powerful upgrades to its camera system, charging speed, display and system on a chip (SoC) that enhances its smartphone performance more accessible than before.  Redmi Note 11 Pro and Redmi Note 11S come in three variants 6GB+64GB, 6GB+128GB and 8GB+128GB while Redmi Note 11 comes in 4GB+64GB, 4GB+128GB and 6GB+128GB variants.  All the variants of Redmi Note…