Author: David Indeje

Pioneer Insurance, one of the leading insurance firms in Kenya, has announced a strategic investment in Sidian Bank, a tier-three lender. In a statement on Wednesday, the insurance firm said the investment reflects the company’s commitment to diversify and strengthen its investment portfolio and generate new business opportunities. “This will give Pioneer Insurance an opportunity to stay ahead in a dynamic market and deliver value to customers and the expanded clientele,” managing director David Ronoh said. He added that the investment is in line with the company’s long-term commitment to seek further opportunities that will foster new avenues of collaborative…

Kenya is poised to become a carbon trading leader in Africa and beyond, following a record-breaking sale of carbon credits at the Nairobi Auction on June 14th, 2023.  The country sold over 2.2 million tonnes of carbon credits to prominent Saudi Arabian firms, including Saudi Airlines, Saudi Electric, Dubai Islamic Bank, and Saudi Aramco, the second-largest firm globally. How are They Traded? Carbon credits are certificates that represent the reduction of one tonne of greenhouse gas emissions.  They can be traded in compliance markets, where countries and companies are required to meet certain emission targets, or in voluntary markets, where…

Kenya is set to launch a digital identity system that will revolutionize the way citizens access public and private services online. The government has partnered with the United Nations Development Program (UNDP) to develop and implement the Digital ID, which will be a virtual identity for registered persons. The Digital ID will be linked to a unique personal number called Maisha Namba, which will be the official name for the unique personal identifier (UPI) that will be assigned to each individual from birth to death. The Maisha Namba will enable citizens to verify their identity online using biometric features, such…

Kenya Cane, the flagship brand of Kenya Breweries Limited (KBL), celebrated the culture and talent of Kitui at The Greats’ Fest on Saturday, August 12th.  The event, held at Password Lounge, featured live music, food and drinks, and an award ceremony for two local achievers. The Greats’ Fest is part of Kenya Cane’s Greats Toast Twice campaign, which aims to recognize and reward Kenyans who are pursuing their dreams and making a difference in their communities.  The campaign invites consumers to nominate themselves or others on Mbaitu FM and social media and select two winners for each event. The winners…

Airtel Uganda, a subsidiary of Airtel Africa, has announced its intention to list 8 billion, or 20 per cent, of its ordinary shares on the Uganda Security Exchange (USE). The public offer will be issued before the regulatory deadline of December 16.  The move is aimed at increasing local ownership and participation in the telecom sector, as well as contributing to the development of the capital markets in Uganda. The telco has appointed Absa Bank Uganda Ltd. as a Lead Transaction Advisor, Crested Capital as a Lead Sponsoring Broker, Katende Ssempebwa and Company Advocates as Legal Advisor and Ernst &…

Little Cab, Kenya’s fastest-growing ride-hailing company has noticed a fascinating usage pattern on its platform. The popular ride-hailing service allows users to book rides, pay for them, and even transfer funds to other users through its app.  It appears that a significant number of men are topping up their Little Wallets using their M-PESA or Bank Cards, specifically to transfer funds to their women’s ride wallets. https://twitter.com/KBudhabhatti/status/1691381065774985216?s=20 Why are they doing this?  According to Kamal Budhabhatti, Chief Executive Officer of Little, to understand the trend, they conducted an anonymous survey and engaged in conversations with several men and women.  “What…