Author: David Indeje

Ride-hailing platform Bolt, says it wants to venture in delivery offerings in the Kenyan market. The company’s latest foray into the delivery space is expected to give stiff competition to established players as it explores alternative revenue streams. “We’re already present in 30+ markets across Europe and Africa. Now, it’s time for us to bring the know-how around building a mobility platform to the food delivery industry,” read the notice by the firm seeking to hire a Country Manager for its food delivery business in the country. The firm intends to commence operations towards the end of the year. Other…

Quick Mart, a Kenyan homegrown supermarket and Equity Bank, has been making contactless transactions much more accessible with the introduction of “Tap and Go” payments with Equity Cards. Equity cardholders will be able to use the ‘Tap and Go’ feature at the Quickmart supermarket Kisumu tills to make payments by simply tapping their card on an enabled Point of Sale (POS) machine. “Equity being the exclusive acquirer for the supermarket has enabled all tills with the capability, to encourage contactless and cashless transactions from as low as Ksh 100 at no extra charge at the retail outlet,” said the Bank…

Britam Holdings PLC posted KSh2.3 billion loss before tax in its half-year earnings compared to a profit before tax of KSh2.4 billion recorded in a similar period last year, as the coronavirus pandemic manifests its impact on the businesses. Britam Holding, a diversified financial services company, said the significant adverse impact of coronavirus affected its investments in listed equities and property. The unaudited financial results translate to Ksh.1.6 billion loss from a Ksh.1.7 billion profit last year largely as a result of the underwriter’s exposure to the stock market and properties that saw it register a Ksh.3.2 billion as fair…

Standard Chartered Bank and Airtel Africa have partnered to enhance financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. “Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank accounts, receive international money transfers directly to their wallets, and access savings products amongst other services,” Sunil Kaushal, Regional CEO, Africa and Middle East said. On the other hand, Standard Chartered’s corporate clients will be able to make fast and secure bulk disbursements, such as payroll payments, directly into the Airtel Money customers wallet. “This reduces…

Najin and her offspring Fatu, are the last two remaining female northern white rhinos in the race to keep their species from total extinction. On Tuesday, Kenyan Scientists, with experts from Germany and the Czech Republic were successful in harvesting eight eggs from Fatu and two eggs from Najin. “The ovum pick-up went smoothly and without any complications.” “The development of this project is creating hope for hundreds of other species who also lie on the brink of extinction. It simply must be done, but it’s going to cost a lot of money,” the conservancy wrote Wednesday. Fatu and Najin…

Agricultural firm Kakuzi PLC posted a decline in profit before tax for the period to June 2020 to KSh 204.1 million compared to a profit of Ksh 355.1 million for the same period last year. The firm’s net earnings for the period to 30 June 2020 was Ksh  272.8 million compared to Ksh 245.5 million for the same period last year due to the release of a deferred tax provision in view of the reduction of the Corporate tax rate to 25 percent from 30 percent by the Government. “During the first half of the year, avocado profits are on…