Author: Korir Issa

The Capital Markets Authority (CMA) has admitted Waanzilishi Capital Limited, an investment adviser to its Regulatory Sandbox. This brings the total number of companies admitted to the sandbox to 12.  This is in line with the authority’s mandate to deepen and develop the capital markets industry. Waanzilishi Capital Limited will test its Robo-advisory solution Ndovu innovation in accordance with the requirements of the Capital Markets Regulatory Sandbox Policy Guidance Notes (PGN).  Ndovu, a micro-investment platform provides automated financial planning through leveraging clientele data on financial situations and future goals to offer investment advice and automatically invest the client’s assets. “The…

Proof of COVID-19 vaccination required for Kenyans who want to shop, go for clubbing, among other essential services the ministry of health announced Wednesday. The Chief Administrative Secretary for Health Dr Mercy Mwangangi said 3,328 people had tested positive for COVID-19 from a sample size of 11,197 pushing the positivity rate to 29.7 per cent. “With the increase of infections following the onset of the Omicron variant, we still find that those who are vaccinated perform better against the disease. All adults in the country should be vaccinated in the shortest time possible to ensure that we have as many…

South Africa’s SweepSouth, which currently operates in Kenya, South Africa, and Nigeria, has acquired Egyptian start-up, Filkhedma.  Filkhedma is Egypt’s leading home services marketplace operating across three regions on the continent providing cleaning, maintenance, and beauty services while empowering over 2000 service providers through technology with consistent incomes and professional development. The 100 per cent acquisition almost doubles SweepSouth’s addressable market on the continent and paves way for further expansion. “We are thrilled to have Filkhedma as part of the SweepSouth family,” says Aisha Pandor, CEO and Co-founder of SweepSouth. “It’s not only their services that align with ours, but…

Family Bank will extend KSh 6 billion credit to 17 counties to help small farmers in 17 Kenyan counties for the next year. The funding is through  USAID’s Pay for Performance initiative under the Kenya Investment Mechanism program.  The initiative targets businesses across the agricultural value chains such as dairy, horticulture, livestock and energy sectors. The first stage of the initiative targets businesses in Homa Bay, Migori, Kisii, Kisumu, Siaya, Kakamega, Bungoma, Busia, Vihiga, Kitui, Makueni, Taita Taveta, Isiolo, Marsabit, Turkana, Garissa and Wajir counties and its environs. “We are committed to extending our support both through affordable credit and…

Kenya’s overall tally of coronavirus infections reached 264,727 with an additional 1,020  cases being reported on Monday by the ministry of health. The ministry said the cases were from a sample size of 3,444 tested in the last 24 hours.  “The positivity rate is now at 29.6 per cent,” the ministry said. The highest in a span of one week. The country’s cumulative tests conducted so far are 2,933,764. https://twitter.com/MOH_Kenya/status/1472912681745190920?s=20 The ministry says no death has been reported within the period from the current 5,353. Total recoveries now stand at 249,315 after 19 patients recovered from the disease.  A total…

OPPO introduced Find N, its first foldable phone at INNO Day 2021 event. A result of four years of research and development and six generations of prototypes, the OPPO Find N brings a new approach to the foldable form factor. OPPO Find N brings together cutting-edge technology and unprecedented quality to create an improved foldable experience, offering a fully functioning compact smartphone when folded and an intuitive and immersive landscape display when unfolded. “With the OPPO Find N, we aim to change people’s perceptions about what a smartphone can offer and begin making foldable devices more accessible to an even…