Author: David Indeje

Samsung unveiled the highly anticipated Galaxy S24 Ultra at its first major event of 2024, held on Wednesday, January 17th.  Packed with exciting new features and cutting-edge AI technology, the S24 Ultra promises to be a significant upgrade for Android smartphone enthusiasts. The most premium phone in the series is the Samsung Galaxy S24 Ultra, which has a titanium body, a flat finish, and matte side rails.  The phone has a 6.8-inch flat display with 2600 nits of peak brightness, protected by Gorilla Glass Armour, which has been custom-designed for the S24 series. The screen also has 75 per cent…

CSI Energy Group has strengthened its African leadership with the promotion of Natacha Emilien to Deputy Group CEO. Emilien, previously Chief Strategy and Transformation Officer, brings extensive experience and a focus on “just” energy transitions to spearhead the company’s growth in Kenya, a key African market. Natacha Emilien was appointed Deputy Group CEO with a focus on Kenya and “just” energy transitions. Driving a “Just” Energy Transition Emilien will champion a shift towards renewable energy and equitable access to electricity across Africa. This approach will prioritize marginalized communities, small businesses, affordability, and environmental sustainability. Emilien will collaborate with female entrepreneurs…

Equity Bank Kenya has entered the overdraft loan market with Boostika, a competitor to Safaricom’s Fuliza.  This unsecured facility allows customers to overdraw their accounts by up to Ksh 100,000 (USD 625) to complete transactions like shopping, payments, money transfers, and airtime purchases. “This is a loan solution that allows Equity customers to complete a transaction even when running low on cash when using *247#, Equitel or Equity Mobile App,” according to the lender. Who qualifies? Active Equity Bank customer for at least six months Good repayment history Transaction history and loan behaviour within limits How it works When low…

Tanzania will suspend all passenger flights operated by Kenya Airways (KQ) between Nairobi and Dar es Salaam from January 22, 2024. The move is a retaliation for Kenya’s refusal to allow Air Tanzania Company Limited (ATCL) to operate cargo flights from Nairobi to third countries. The Tanzania Civil Aviation Authority (TCAA) said in a public notice that the decision was based on the principle of reciprocity, following the violation of a 2016 Memorandum of Understanding (MoU) on Air Services by the Kenyan authorities. The MoU stipulates reciprocal treatment for airlines from both countries. “This decision is based on the principle…

Ecobank, the leading pan-African financial services group, unveiled its new brand campaign, “A Better Way | A Better Africa,” at the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 (AFCON). As an official sponsor of the tournament, Ecobank leverages the unifying spirit of African football to demonstrate its unwavering commitment to the continent’s sustainable growth. We are incredibly proud to unveil our new brand campaign at the #TotalEnergiesAFCON2023! ‘A BETTER WAY | A BETTER AFRICA’ reflects our unwavering dedication to our beautiful continent as we support Africa in reaching, striving and attaining better, always. Join the movement!… pic.twitter.com/wBjhN5rZUz — Ecobank…

Spire Bank, a lender owned by Mwalimu Sacco, has been wound up by its members following a resolution passed at an extraordinary general meeting (EGM) on December 22, 2023.  The members have asked the Central Bank of Kenya (CBK) to appoint the Kenya Deposit Insurance Corporation (KDIC) as the liquidator to oversee the dissolution of the bank. However, the shareholder’s approval is ‘subject to any applicable regulatory approvals.” The decision to liquidate Spire Bank comes after several attempts to sell it to other local banks failed.  The lender had been struggling with financial and operational challenges for years, posting losses…