Egyptian ride-hailing firm, SWVL, has announced the resumption of its regular commuter services in Nairobi, adding to their recently launched innovations dubbed Swvl Carpool and Swvl Travel. At the onset of the global COVID-19 pandemic in March last year, the firm reduced the number of routes covered by its regular rides service, owing to the low number of regular commuters within Nairobi at the time. During the pandemic period, we took our time to analyse the needs and patterns of commuters. We identified the areas of change and have used the information to advise our innovations and the decision to…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Unga Group Plc has posted a decline in its half-year earnings to KSh 83, 476,000 for the six months ending 31st December 2020. These are lower compared to a net profit of KSh 151,322,000 posted over a similar period in 2019. The Kenya-based holding company is involved with the manufacture and marketing of a broad range of human nutrition, animal nutrition attributed the low earnings to depressed margins and massive restructuring and finance costs. Underscoring the tough market conditions, the group projects a tough year and said instead it will leverage its strengths to drive performance improvement initiatives across all…
Kenya Airways (KQ), has unveiled, Economy Max, a product that allows customers to create additional personal space by booking a seat or a row next to them. Economy Max, a first of its kind for an African carrier, will be available for purchase between 48 to 3 hours before departure to all KQ customers purchasing Economy Class tickets globally. https://twitter.com/KenyaAirways/status/1363980386842345472?s=20 According to a July 2020 IATA Study, travellers are seeking ways to feel more comfortable about flying again. This has led to increased accountability for airlines to ensure passenger confidence. Julius Thairu, Chief Commercial and Customer Officer at Kenya Airways say…
Acorn Investment Management Limited Wednesday listed two of its real estate investment trusts (Reits) on the Nairobi Securities Exchange (NSE) unquoted securities platform (USP). They include Acorn Student Accommodation Development REIT (ASA D-REIT) and Acorn Student Accommodation Income REIT (ASA I-REIT). The Unquoted Securities Platform (USP) is the first automated solution that will facilitate the trading of shares of unquoted companies in Kenya. This is part of the Ksh 2.5 billion raised in new funding in the projects. “These Reits are projected to give long-term investors an 18 per cent return over a 10-year hold basis which is significantly above…
Prisma iPM is an electrical switchboard that is used to manage the electrical distribution system in large and commercial scale buildings. Schneider Electric is supporting the national ‘Buy Kenya, Build Kenya’ initiative by announcing the launch of locally-manufactured Prisma iPM electrical switchboards, an initiative that is set to boost job creation opportunities in the country. Prisma iPM is an electrical switchboard that is used to manage the electrical distribution system in large and commercial scale buildings. To ensure the success of this initiative, Schneider Electric is investing in the training of its local personnel and partners to ensure that the…
Streaming platform Spotify is to launch in 85 new markets, which includes Kenya and Nigeria. “Spotify is embarking on a sweeping expansion that will introduce the world’s most popular audio streaming subscription service available to more than a billion people in 80+ new markets around the world, and add 36 languages to our platform,” it said after formally announcing on its Stream On event. https://twitter.com/Spotify/status/1363902761373495298?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1363902761373495298%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ftechweez.com%2F2021%2F02%2F22%2Fspotify-finally-coming-to-kenya-spotify-hifi-coming-later-in-the-year%2F The company said it will introduce free and premium plans across all the markets. However, in select markets, it will offer Individual, Family, Duo, and Student Plan options. The new markets include Angola, Antigua and…