Author: Korir Issa

Kenya Mortgage Refinance Company PLC (KMRC) Medium Term Note (MTN) was oversubscribed with bids worth Ksh 8.1 billion being received against Ksh 1.4 billion target. This is equivalent to a 578.6 per cent subscription rate. However, KMRC will only take Ksh.1.4 billion of the funds raised for lacking a green-shoe option. The bond was issued in January. “The success of this first issue represents a resounding validation of our business model and strategy by investors. The cash raised will enable us to blend our inventory of concessional funds and therefore substantially scale up our operations, as we seek to refinance…

Syinix, a home appliance brand of Transsion which also owns mobile brands Tecno, Infinix and Itel, recently opened a brand shop at Luthuli Avenue, Nairobi. Syinix covers TV, audio, refrigerator, washing machine, AC, and other home appliances with a commitment to being the most reliable household appliance brand for African consumers. https://twitter.com/SyinixKE/status/1494605495650430976?s=20&t=Q_qgEMkLUQJ2gcWXIAziRg “What a surprise! With only five hours of opening, sales reached 313 per cent of our expectation,” said Little Sun, Syinix’s Kenya marketing manager. With a commitment to “innovation and quality”, Syinix developed a nearly 2000 R&D team and full-coverage after-sell service network. The sold-out of TV is…

Chinese technology company Xiaomi will be introducing the Redmi Note 11 series in Kenya. This is an upcoming addition to the Redmi Note series. “This series of mid-range devices is set to offer superior specs in the realms of camera, display, battery and charging efficiency, providing high-level performance to suit the ever-evolving needs of consumers across the board,” Xiaomi Kenya in a statement. REDMI NOTE 11 REDMI NOTE 11S Snapdragon 680 processor Helio G96 processor 6.43 inch 90Hz 1080p LCD display Similar 50MP main camera 108MP main camera 6GB RAM only 6GB or 8GB RAM 33w Fast charging Similar 5000mAh…

As smartphone brands intensify the competition amongst each other to expand their retail footprint in Kenya,  TECNO Mobile opened its flagship store in Nairobi at Sarit Centre on Monday. https://twitter.com/TECNOMobile254/status/1493154889748422660?s=20&t=0yFyW0cOdsSoHvCEek6SPA “Since its inception, TECNO had ‘Africa-First’ as one of its core brand objectives. Through the performance of the TECNO brand and its products, we have proven that it is possible to build a global brand by projecting the unique needs of African consumers. TECNO has risen to be one of the most admired brands in Africa,” said Shiva Zhong, TECNO’s Country Brand Manager. “Today, we are excited to introduce our…

Safaricom and East Africa Safari Classic have strengthened their partnership with the announcement of Ksh 6 million to sponsor the tenth edition of the rally through the M-PESA platform. The nine-day rally kicks off on February 10th and runs until the 18th is expected to feature a record number of Kenyan and International drivers from more than 15 countries around the world covering up to 5,000 kilometres across the country.  “Safaricom has been a key supporter of the East African Classic Safari Rally for the last two editions. Our involvement in this event underlines our commitment to nurture talent in…

IBM says LG Electronics is joining its Quantum Network to explore applications of quantum computing to support big data, artificial intelligence, connected cars, digital transformation, IoT, and robotics applications. The three-year deal will give LG Electronics access to IBM’s quantum computing systems, experts, and their “Qiskit” open-source quantum information software development kit. “Based on our open innovation strategy, we plan to use IBM Quantum to develop our competency in quantum computing,” said Byoung-Hoon Kim, CTO and executive vice president of LG Electronics. “We aim to provide customers with value that they have not experienced so far by leveraging quantum computing…