Author: Muindi

Carrefour Kenya says it will close its store at Kisumu Mega Plaza Mall on November 30, 2024. The decision, part of a strategic review, is expected to result in job losses for a section of the retailer’s employees. In a notice to suppliers, Carrefour stated that the closure is aimed at ensuring the long-term sustainability of its operations in Kenya. “We are writing to inform you of an upcoming change regarding our Carrefour Mega Plaza Mali store in Kisumu,” read the notice in part. “After careful consideration, we have decided to close this location, effective November 30, 2024.” “We will…

Zoom, the company synonymous with video conferencing, is now known as Zoom Communications Inc., embracing an AI-first approach to revolutionise workplace collaboration and productivity. Zoom CEO and Founder Eric Yuan revealed the news in an announcement blog. “Our AI assistant, Zoom AI Companion, is the heartbeat of our evolution into an AI-first company and is critical in helping our customers uncover new opportunities for greater productivity.” “Over time, we believe these capabilities will translate into a fully customisable digital twin equipped with your institutional knowledge, freeing up a whole day’s worth of work and allowing you to work just four days…

The Central Bank of Kenya has greenlit Choice Bank’s transition from a community microfinance bank to a nationwide microfinance institution. The CBK approved the bank’s application on 4th November 2024… “to convert from a community microfinance ank to a nationwide microfinance bank and therefore permitting the institution to carry out microfinance banking business throughout Kenya,” said Kamau Thugge, Governor, CBK. Choice Bank’s innovative Banking-as-a-Service (BaaS) platform positions it as a leading force in Africa’s burgeoning BaaS revolution. The BaaS platform empowers non-bank partners to seamlessly integrate financial services into their offerings. This enables them to reach underserved populations without the…

The High Court of Kenya has temporarily suspended the special privileges and immunities that were granted to the Bill and Melinda Gates Foundation under the Privileges and Immunities Act. The court has mandated that all respondents involved in this matter file their responses by December 10, 2024. This decision comes in response to a case filed by the Law Society of Kenya (LSK), which argues that the government’s decision to grant such status is legally questionable and undermines public interest. In a petition filed by the Law Society of Kenya wherein I was instructed, the High Court has today issued…

The Central Bank of Kenya (CBK) has announced the release of new KSh50, KSh100, KSh200, and KSh500 banknotes, following the earlier release of the KSh1000 banknotes. In a statement on Wednesday, November 20, 2023, the CBK highlighted the key features of the new banknotes: Signatures: The banknotes will bear the signatures of Central Bank Governor Dr. Kamau Thugge and National Treasury Principal Secretary Dr. Chris Kiptoo. Year of Print: The year of print is 2024. Security Features: The banknotes will incorporate new security threads with color-changing effects specific to each denomination. “We wish to update the public that the release…

OPPO has unveiled its latest flagship smartphone series, the Find X8, for the global market. The company is planning to introduce this series to the Kenyan market soon. A Focus on Photography The Find X8 series is primarily a camera-centric lineup. The base model boasts a triple-camera setup on the rear, featuring: A 50MP main camera with OIS and 2x optical zoom A 50MP 73mm periscope telephoto camera with OIS, dual-prism technology, and 3x optical zoom (6x digital zoom) A 50MP 15mm ultrawide camera with a 120-degree field of view and AI super-resolution up to 120x zoom Both the rear…