Author: David Indeje

The African Export-Import Bank (Afreximbank) is considering an initial public offering of global depositary receipts would trade on the main market of the London Stock Exchange. According to a statement, the listing is to help finance the expansion, diversification, and development of African trade, particularly intra-African trade. The bank said its total assets amount to USD15.4 billion and it registered a 20% compound annual growth in gross loans between 2015 and the first half of 2019, plus a 12% return on average equity in 2018. For the six months ended June 30, the bank made a USD137.6 million profit. JP…

Eliud Kipchoge Extend His Partnership With Safaricom as He Becomes M-PESA Brand Ambassador Safaricom Plc, on Wednesday, unveiled its new M-pesa, mobile money transfer service, brand identity, it’s first since March 2007 when it was launched in honor of marathon world record holder Eliud Kipchoge. The logo comes with a commitment to improving customers’ everyday experiences with the company for the next 7 days. “We are honored to renew our commitment with Eliud Kipchoge and to support him as he races against time. For every Kenyan, Kipchoge is a reflection of our resilience and determination as he has taken on…

Kimathi Street outlet is Artcaffe’s first in the Nairobi city center. Artcaffé Coffee & Bakery has opened its 30th outlet, in Nairobi Central Business District along Kimathi Street setting up intense competition among coffee restaurants in keeping customers and attracting new ones. The branch has been described as “access friendly for all”. https://twitter.com/ArtcaffeKenya/status/1181811253628399616 The outlet, neighbours Kaldis Coffee House and across Java Coffee House. It will also boarder fast-food franchise Kentucky Fried Chicken (KFC) on the left. Other outlets next to it are Kilimanjaro Jamia Hotel.   Artcaffe is synonymous with its freshly baked artisanal bread and pastries, brewed real Kenyan coffee, craft…

For delivering cutting-edge mobile technology that allowed Kenya to leapfrog past more advanced economies and start a banking revolution M-Pesa, mobile money transfer, financing, and microfinancing service, has been ranked as the 9th most influential project in the world over the last 50 years by the Project Management Institute (PMI). M-pesa, a brand under Safaricom, Kenya’s biggest carrier has passed Google, Netflix.  “For delivering cutting-edge mobile technology that allowed Kenya to leapfrog past more advanced economies and start a banking revolution,” said PMI. “We are honoured to receive this accolade and global recognition which is a true testament to…

Lorraine Onduru is the new staff hire for Uber as Head of Communications in East Africa. She will be in charge of Tanzania, Kenya, and Uganda. In her new role, Lorraine will be in charge of all media engagement and communications for Uber and Uber Eats. She replaces Janet Kemboi who resigned 5 months ago.  “Super excited to begin my journey at Uber as Communications Lead for East Africa,” said Lorraine a former Account Director at Hill+Knowlton Strategies, a Public Relations firm. “Looking forward to an amazing ride! She added in a post on her LinkedIn page.  “I am beyond…

The Mara Phones manufacturing factory is the first of its kind in Rwanda and the African continent. Rwanda on Monday launched Mara Phones manufacturing plant which will make ‘Made in Rwanda’ quality, affordable smartphones.  The launch was officiated by President Paul Kagame on Monday. The first ‘made in Rwanda’ phones rolled off the assembly line last week according to the presidency said. Mara Phone is the first-ever manufactured smartphones in Africa. Mara X and Mara Z will use Google’s Android operating system and cost 175,750 Rwandan francs and 120,250 Rwandan francs respectively. https://twitter.com/MaraPhones/status/1181163650142363649 “Mara Phones strongly believes that Smartphone manufacturing…