Safaricom has partnered with Britam to introduce a new data plan called “Data Plus”. This plan offers daily personal accident cover in addition to data and free Google Maps for as little as KES 25 daily. The Personal Accident cover includes medical expenses, permanent disability, and funeral expenses arising from an accident. Evah Kimani, Britam’s Director of Partnerships and Digital, said, “Through this partnership, we aim to reach out to millions of Kenyans who do not have access to insurance protection against various risks that can affect their livelihoods and well-being.” The introduction of the ‘Data Plus’ Plan will see Safaricom…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Rwanda’s Nyungwe National Park has been inscribed on UNESCO’s World Heritage List, marking the country’s first site to receive this prestigious status. Good news: Rwanda’s @NyungwePark has just become the first site in our country to be inscribed in @UNESCO’s World Heritage List. This is a significant designation that will reinforce Rwanda’s ongoing conservation efforts. #VisitRwanda #ConservationIsLife https://t.co/4TILMfJpcD — Yolande Makolo 🇷🇼 (@YolandeMakolo) September 19, 2023 The decision was made during a session of UNESCO’s World Heritage Committee held in Riyadh, Saudi Arabia. “This serial property represents an important area for rainforest conservation in Central Africa,” UNESCO said in…
Kenya witnessed a 14.1% increase in remittance inflows in August 2023, with the U.S. accounting for 54% of the total. According to the Central Bank of Kenya (CBK), remittance inflows in August totalled USD 354.3 million, compared to USD 310.5 million in August last year, an increase of 14.1 per cent. The cumulative inflows for the last 12 months to August totalled USD 4120 million, compared to USD 3992 million in the same period last year, an increase of 3.2 per cent. “The strong remittances inflows continue to support the current account and stability of the exchange rate,” said CBK.…
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…