Author: David Indeje

Britam Asset Managers has introduced a new USD Fixed Income Fund, offering investors a secure and competitive investment option in a mix of local and offshore fixed-income securities. The fund invests in a diversified portfolio of interest-bearing securities, including bank deposits, Treasury bills, fixed-income funds, structured notes, sovereign bonds, and money market or cash funds. With a minimum initial investment of $1,000 and subsequent top-ups of $500, the fund caters to both individual investors and businesses seeking to protect and grow their wealth in a US dollar-denominated portfolio. “The USD Fixed Income Fund offers stability in uncertain times,” said Barack…

The Next Narrative Africa Fund seeks to raise $30 million in equity financing and $10 million in grants to support innovative film, television, and podcast projects that challenge harmful stereotypes about Africa. The fund will provide equity financing and grants for film, television, and podcast projects that challenge negative stereotypes and promote positive narratives. Led by Akunna Cook and Wakiuru Njuguna, the fund aims to invest between $1 million and $5 million in projects that are commercially viable and have a positive social impact. It will also support African production with at least 60% of each project’s production must take…

Kenya’s headline inflation rate dropped below the 4.0% mark for the first time in five years. According to data released by the Kenya National Bureau of Statistics (KNBS), the inflation rate in September 2024 stood at 3.6% from 4.4%, the lowest level since July 2010. On a month-on-month basis, inflation was at 0.2% from 0.0% in August. Kenya’s headline inflation rate has reached a five-year low, reflecting the positive impact of various factors, including favourable agricultural conditions, lower oil prices, and monetary policy measures. The primary driver of the inflation decline was a 5.1% increase in the Food and Non-Alcoholic…

The Oppo Reno 12 F 5G aspires to be a premium mid-range phone, but it stumbles in a few key areas.  This review dives deep into the phone’s design, features, performance, camera, battery, and value proposition. Design and Features The Oppo Reno 12 F 5G boasts a sleek metal and glass design reminiscent of high-end phones from a few years back. It packs a MediaTek Dimensity 7300 chip with 12GB RAM and 256GB storage, expandable via microSD. It runs Android 14 with Oppo’s ColorOS 14.0 skin. Capture stunning moments with the Oppo Reno 12 F 5G’s advanced camera system. On…

The Kenyan government has approved a significant project to digitize its healthcare system, led by Safaricom. The KSh 104.8 billion Integrated Information Technology System (IITS) aims to improve patient care, streamline operations, and enhance access to healthcare services nationwide. The National Assembly’s Health Committee has given its approval to Safaricom’s KSh 104.8 billion Integrated Information Technology System (IITS) for Universal Healthcare. Despite initial concerns about the procurement process and Safaricom’s involvement, the committee concluded that the project was legally sound and transparent. The Ministry of Health (MoH) awarded a substantial contract to a consortium led by Safaricom PLC to implement…

Absa Bank Kenya has refined its consumer banking business to better cater to the evolving needs of its customers, particularly the affluent segment. This reorganization aligns with the bank’s broader strategy to transition from a product-centric approach to a customer-centric one. The bank has divided its consumer banking business into three segments: The NextGen consumer, the Mass & Middle market consumer, and the Affluent Consumer. This segmentation allows Absa to tailor its offerings to the specific needs and preferences of each group. “As the wealthy look for better returns, we are seeing new opportunities open across markets. We have seen…