Author: Muindi

Equity Bank has announced a 10-year customer business agreement with MasterCard, aiming to broaden online payment solutions for its customers. Dr. James Mwangi, CEO of Equity Group Holdings, stated that the partnership will extend MasterCard’s payment solutions, including World and World Elite cards, corporate cards, and virtual cards. Customers will have the ability to perform a variety of payments, encompassing cross-border remittances, e-commerce payments, QR codes, and tap-on-the-phone solutions. Mwangi emphasized that this alliance underscores their commitment to financial inclusion and digital transformation in Africa. “The opportunity to co-create futuristic payment solutions for our customers across all our bank subsidiaries…

The Central Bank of Kenya (CBK) has limited the amount of foreign exchange that Money Remittance Providers (MRPs) can sell to a single customer in a day to $100,000. This move aims to ensure compliance with guidelines and foster a fair and orderly market. If a customer requires more than $100,000 in foreign exchange, MRPs are now required to direct these transactions to commercial banks. According to CBK Banking Circular No.9 of 2023, the regulator stated that it had noted an “increased participation of MRP’s in the wholesale of FX without being required to comply with the various guidelines, standards,…

China’s Huawei Technologies and Xiaomi Inc have announced a global patent cross-licensing agreement. The agreement covers multiple communications technologies, including the much-anticipated 5G. Alan Fan, Head of Huawei’s Intellectual Property Department, stated that the agreement reflects the industry’s recognition of Huawei’s contributions to communications standards. Ran Xu, Xiaomi’s General Manager of Corporate Business Development and IP Strategy, emphasized that this agreement demonstrates mutual recognition and respect for each other’s intellectual property.  Xu further reiterated Xiaomi’s commitment to respecting IP, seeking long-term and sustainable IP partnerships for shared success, driving technology inclusion with IP, and allowing more people to benefit from…

Nike has unveiled the EK Umoja Collection, a capsule of footwear and apparel inspired by the world’s greatest marathoner, Kipchoge, ahead of his return to Berlin on September 24, 2023.  View this post on Instagram A post shared by Nike (@nike) In addition, the EK Umoja Collection embodies the spirit of unity and community in the running world. “Umoja stands for unity in my native Swahili. This collection represents the work done together as a running family and community. A running world is a healthy world. A running world is a peaceful world. A running world is a…

Apple has launched its latest premium flagship phones, the iPhone 15 Pro and iPhone 15 Pro Max, marking a new era of innovation and design. “Our iPhone Pro models represent the very best of Apple devices,” announced Tim Cook.  Encased in Titanium, these high-end smartphones retain the design scheme of the former iPhone 14 Pro series but come packed with an array of exciting features. The devices are backed by the upgraded A17 Pro Bionic chip, promising greater efficiency and smoother performance.  The iPhone 15 Pro models come with contoured borders and reduced dimensions, making the device lighter. They also…

Kenya’s fishing sector gained a milestone after the country exported its first batch of anchovies, locally known as ‘omena,’ to China in June. This was made possible by a bilateral agreement signed between the two countries in January 2022. The 52-tonne shipment of omena was delivered under an agreement that benefits both countries. Wu Peng, Director-General, Department of African Affairs, MFA, China, announced on X.com that more shipments are on the way. “The FOCAC Green Channel for African agricultural exports is bringing tangible benefits to African and Chinese people.” https://twitter.com/WuPeng_MFAChina/status/1701191909946138641?s=20 The first batch of Kenyan wild anchovy products debuted at the…