Wednesday, August 15, 2018
Enterprise, Tech and Innovation

Enterprise, Tech and Innovation

Diaspora inflows grow to record Sh26.8bn in June

Diaspora remittances rose 72 per cent in June to a record Sh26.8 billion ($266.2 million) compared to a similar month last year, reflecting lower costs of remitting money and the effect of the tax...

China take-over worries Kenyans

China has overtaken the World Bank to become Kenya's single largest creditor, accounting for 72 per cent of the total debt owed to foreign lenders. In just over ten years since Kenya turned from West...

Ethiopian Grand Renaissance Dam manager Simegnew Bekele found dead

The chief of the controversial Grand Renaissance Dam project on the Nile River, a centerpiece of Ethiopia's push to become Africa's biggest power exporter, was found dead in Addis Ababa on Thursday, police confirmed. Simegnew...

Nigeria’s Dangote arranges $4.5bn financing for world’s single largest refinery

Lagos In Summary: The refinery will have a capacity of 650,000 barrels per day (bpd) to help to reduce Nigeria’s dependence on imported petroleum. Nigeria imports the bulk of its petroleum because of a lack...

Kenyan start-up wins Sh5m Visa prize

Kenyan technology start-up Mookh Africa has been awarded a Sh5 million prize in the Visa Everywhere Initiative Sub Saharan Africa competition. Besides the cash prize, the company also secured an opportunity to work with Visa...

Scientists announce breakthrough in bid to save northern while rhino

Scientists in Europe have announced a major breakthrough in the race to save the northern white rhino from extinction. Researchers from Italy say they have created the first-ever hybrid rhino embryo produced outside the womb,...

NAIROBI, Kenya, Jul 25 – She left a high paying job in one of Kenya’s biggest insurance companies to start Bismart Insurance. Armed only with her experience in the industry, Eunice Maina pursued her dream of...

UBA Group unveils Facebook Messenger banking in Kenya

NAIROBI, Kenya, Jul 25 – UBA Group has unveiled chat banking in Kenya that enables customers to sign up for accounts, request for a mini statement, fund transfers and check user balance through the Facebook...

Digital banking will unlock our potential

Economic growth and productivity is quickly replacing the political bickering that had almost consumed the Kenyan populace, at a time when the country has proven itself as a leader in technological innovation. There is a...

Kenya loses UK market share to Rwanda, Dar

Kenya must raise production standards and up its marketing to counter similar efforts by its neighbours racing for a pie of the United Kingdom (UK) market, latest trade and investment report states. According to the...