Eve Urban Air Mobility Solutions (“Eve”) signed a Memorandum of Understanding (MoU) with Kenya Airways PLC, to develop operational models for the wide-accessibility of Urban Air Mobility. Eve will support Fahari Aviation, the Unmanned aircraft systems (UAS) division of Kenya Airways that promotes safe and secure UAS usage in the region, in establishing its UAM network and collaborate on the required Urban Air Traffic Management (UATM) procedures and UAM operating environment. In addition, it will also allow Fahari Aviation to support Eve’s aircraft and product development process which will help guide the integration of UAM with Kenya Airways’ overall operations. …
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Agricultural firm Kakuzi PLC, has become the first Kenyan firm to establish the Independent Human Rights Advisory Committee. The manufacturing company said that former Attorney General Githu Muigai will chair the committee. In an emailed statement, Kakuzi said that the appointment of the committee to its board makes it the first corporate organisation in Sub-Saharan Africa to constitute and establish such an independent advisory panel. Kakuzi PLC Managing Director Chris Flowers said the committee would provide independent technical advisory to the firm’s Board of Directors. He added that Kakuzi has also enacted an Operational-Level Grievance Mechanism benchmarked against the UN…
To accelerate 5G in Africa, regulatory frameworks governing critical wireless backhaul spectrum E-band (70-80 GHz) needs to be put on the agenda swiftly. This is the call made by ICT experts at the 6th Annual Sub Sahara Spectrum Management Conference that took place using a virtual format from the 20th to 22nd July 2021. For data to move from one point to another on the internet, there needs to be a medium that allows these points to interface with each other. Wireless backhaul is the use of wireless communication, such as microwave, to transport data between the wireless site and core. It’s…
What makes a brand stand out and outlive others is trust. Trust is everything. It is the invisible currency and the engine of the business. They say people don’t buy products or services; they buy trust. It is trust in the business that makes them come back. LG Electronics is one of the few tech giants around the world that has managed to anchor its services on trust through its products and services that make customers always want to be associated with them. The brand has managed to invest in people. To show its commitment to always put the customer…
The parliamentary committee on Finance and National Planning has given the Central Bank of Kenya (CBK) powers to control and price the lending rates for mobile loan apps under a new proposed bill. The Central Bank Amendment Bill 2021 includes a clause that gives the regulator a mandate of controlling digital lenders’ products, management, and sharing of borrower information. The move is welcome particularly now that mobile loan apps feature steep lending rates that have sent many borrowers into debt traps and predatory lending. Initially, the bill was silent on the high lending rates subjected to borrowers by the digital…
Mauritius Union Assurance has consolidated the general insurance businesses of its subsidiaries Saham Assurance Kenya and MUA Insurance (Kenya). The new entity will operate under the MUA brand. “As one MUA Team, we are eager to capitalise on the existing momentum,” said Lydia Kibaara-Nzioki, former Saham Kenya Chief Executive Officer set to take over the management of MUA Kenya adding that “We aim to grow our business while remaining true to our core commitment of providing simple and affordable insurance.” MUA acquired Saham Kenya in 2020 as part of its expansion strategy in East Africa. The Kenyan subsidiary seeks to…