Britam Holdings has launched Beta Lab, a new hub dedicated to nurturing budding insuretech startups and accelerating product development in the insurance industry. Beta Lab offers a corporate acceleration program that explores acquisitions and collaborations with tech-driven startups and innovators tackling challenges within the traditional insurance industry. The insurance innovation hub aligns with one of Britam’s 2021–2025 growth pillars: leveraging partnerships with digital platforms and other financial services providers to reach emerging consumers. “Beta Lab reaffirms our commitment to innovation and technology partnerships, pillars of our EPIC² strategy. These partnerships will help us scale up, conquer new markets, and prepare…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
MultiChoice, the South African media group owning popular sports broadcaster SuperSport, has declined a full takeover offer from French pay-TV Canal Plus. Undervaluation Claims MultiChoice’s board determined the offer, tendered on February 1st by Vivendi-owned Canal Plus, significantly undervalued the company. The offer equated to ZAR105 (US$5.62) per share, targeting the 68.3% of MultiChoice shares not already held by Canal Plus (31.7%). Canal Plus, already the largest MultiChoice shareholder, acquired its initial stake in 2020 and steadily increased it. They argued a merger would create a global media powerhouse, factoring in potential synergies not reflected in the offer price. The…
Guinness lovers in Kenya witnessed a revolutionary step in the realm of the iconic stout with the introduction of Guinness Proserve. Guinness Proserve is a first-of-its-kind technology that promises to deliver the “perfect pour.” What is Proserve? This innovative system utilizes ultrasonic sound waves to create a smoother, creamier head on your Guinness drink. The ultrasonic waves create a tighter, creamier head that lasts longer, enhancing the visual appeal and mouthfeel of the Guinness. In addition, it provides a more pronounced, consistent flavour profile, allowing the roasted barley notes and subtle hops to truly shine. Proserve ensures a velvety texture…
The Hass Land price index for the fourth quarter of 2023 reveals that the average price of an acre across Nairobi’s suburbs has grown at the fastest pace since 2015. This surge in property prices signals a robust recovery from the impact of the COVID-19 pandemic. Key highlights Quarterly Price Increase: The 3.3 per cent quarterly price increase is the highest since the First Quarter of 2015. This positive trend indicates a rebound in the real estate sector. Suburbs Performance: Fourteen out of the 18 suburbs experienced positive price movement during the quarter. Notably, Muthaiga, Ridgeways, and Loresho stood out with quarterly price growth rates of 3.7 per cent, 3.6 per cent, and 3.1 per cent, respectively.…
Absa Group, a leading pan-African bank, has confirmed its expansion into the People’s Republic of China by opening a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, and the official launch event is scheduled for May 2024. This move underscores Absa’s commitment to fostering new opportunities between Africa and China and further solidifies its international footprint. The newly established office in Beijing will allow Absa Group to provide local support to Chinese clients and stakeholders, facilitating transactions across the African continent. By doing so, Absa aims to address clients’ needs, goals, and ambitions. This expansion aligns with Absa’s broader strategy of establishing international representative offices in strategic markets…
Embarking on a new year comes with the promise of fresh starts, and there’s no better way to kickstart your payment experience in 2024 than with the Equity Prepaid card. This card will transform the way you make payments by keeping you in charge of your budget as you step into the new year and enjoy a seamless, convenient, and secure cashless experience. Whether you’re shopping, travelling with family and friends for a vacation, fueling up your vehicle, or even doing that online subscription or purchase, the Equity Prepaid card will be your versatile companion, allowing you to easily manage…