Author: David Indeje

Network International, has acquired DPO Group (DPO), an online payments platform in Africa, for $291.3 million.  The acquisition of DPO Group will support Network International’s capabilities in Africa across online, mobile and alternative payments. The company is expected to begin operations in new markets both in Africa and beyond in the near future. DPO’s comprehensive, flexible and secure platform allows businesses and merchants to receive international payments in the currency of their choice, accepting debit and credit cards alongside mobile money and other payment methods. The UAE-based payments firm also unveiled a new strategic vision and outlined its ambition to…

OPPO Kenya has launched a mobile photography competition with an aim to support the continued revival of local tourism by encouraging more Kenyans to visit the national parks and game reserves. The Reno6 5G wildlife mobile photography challenge will see the top three contestants walk away with Ksh200,000 for the winner, Ksh100,000 for the 1st runners-up and Ksh50,000 for the 2nd runners-up. How to Participate The competition will put the contestant’s photography skills into action,  tasked to capture images of the beautiful Kenyan wildlife using a mobile phone. To submit their entry, they will need to follow OPPO Kenya social…

Young women’s participation in Kenyan politics is likely to be excluded due to the coronavirus pandemic, Friends of ActionAid said. Dr Loreen Maseno, Board Chair, Action Aid Kenya says young women in Kenya are the least represented amongst political leaders and their continued exclusion undermines the valuable contributions they make. “That, if we are looking at young women’s participation in political spaces, then a second point to consider is that of the economic situation in the country as a result of COVID-19. There’s been a negative impact and reduced job opportunities and lower earnings. And we are all aware of…

Kenya consumer prices rose by more than expected in September as fuel, food and non-alcoholic beverage costs surged as well as the impact of recently implemented taxes. Inflation accelerated to 6.9 per cent from 6.57 per cent in August, the Kenya National Bureau of Statistics said Thursday.  Prices of commodities with food and non-alcoholic beverages and transport rising by 10.63 and 9.21 per cent, respectively. The month-to-month on food and non-alcoholic drinks rose by 0.11 per cent in the duration between August 2021 and September 2021. “This was mainly linked to the elevated prices of some food items, which outweighed…

Unilever Tea Kenya Limited’s Board of Directors has approved plans to separate its tea business from Unilever Plc, a British multinational consumer goods company. The transfer balance of Unilever Plc’s tea brands and geographies and all tea estates in which Limuru Tea Plc falls will be transferred to a foreign, newly incorporated tea company Unilever Tea Holdco UK Limited (TeaCo). The transfer also includes the transfer of Unilever’s indirect interest in Limuru Tea. “The assets being transferred by Unilever to TeaCo include Unilever’s shareholding in Unilever Tea Kenya Limited. By virtue of the transfer of shares, Unilever’s indirect interest in Limuru…

The Kenyan economy is expected to expand by 6.1 per cent in 2021 and 5.6 per cent next year, the Central Bank has said. The recovery, however, will likely be subdued by the impact of drought on the agricultural sector. “The one sector to flag is agriculture, and agriculture remains most uncertain largely because of the rains. It is true there are some parts of the country that are getting adequate rains, and there also parts of the country where there is drought,” Kenya Central Bank Governor Patrick Njoroge said on Wednesday during a virtual media conference. https://youtu.be/uF8hqGzT2Cw?t=1137 In 2020,…