Car owners and taxi drivers have begun registering on the Catch Taxi platform, the latest entrant into Kenya’s ride-hailing market. The company is set to launch in Kenya after a successful entry into Ethiopia and hopes to curve a niche in Nairobi and other urban centres. Catch Taxi management says it has developed a homegrown ride-hailing Super App to take on players including Uber, Little Cab and Bolt, among others. The company is operated and owned by Africans and brings enhanced experience for riders and taxi drivers with safety, comfort and efficiency being its hallmarks. Catch Taxi has opened registration…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Huawei Technologies Kenya has announced the opening of the Seeds for the Future Sky program, open to all University undergraduates undertaking ICT related degrees. This will be the first time in its history the long-running program will be held virtually and opens up the opportunity to students across the country. Huawei will support the internet costs of the participants to reduce barriers to participation. The 5-day intensive training with more than 20 mandatory and elective live-streamed and pre-recorded. 60 students will learn about the latest technology such as 5G, Cloud Computing, and Artificial Intelligence as well as leadership skills and…
MTN Group, Africa’s largest telecoms operator, named Ralph Mupita chief executive officer to lead its growth and sustainability. Mupita, the Chief Finance Officer of the telco, will take over on September 1, replacing Rob Shuter, who will step down from his executive responsibilities on August 31. Mupita has served as the MTN Group CFO since April 2017 and has played a critical role in the development and execution of the group’s strategy, capital allocation processes, financial performance as well as in the resolution of a number of complex regulatory matters. MTN Group chairman Mr Mcebisi Jonas said: “Ralph’s experience as…
Carol Koech is the new Schneider Electric’s Chief Executive for East Africa. She will lead Schneider Electric’s growth vision in the region and drive alignment in strategy and process across its Building, Datacenter, Industry, and Access to Energy business portfolio across the 10 countries under the East African umbrella. Carol becomes the first Kenyan woman to head up a multinational energy company in the country. “I am privileged and excited to take on this challenge to drive Schneider Electric’s business in East Africa. We have to fast forward the digital transformation of organizations in the region. Our clients are looking…
Family Bank Kenya has posted a profit before tax of Sh852.1 million for the first half of the year, a 63 per cent rise from a similar period last year when the bank made a net profit of Sh520.9 million. Chief executive Rebecca Mbithi attributed the growth to increase in net interest income hugely from loans and advances and income from government securities. During the period under review, the bank’s loan book grew by 17.5 percent to Sh54.9 billion while customer deposits rose by 23.5 percent to Sh66.7 billion. Net interest income in the period rose by 28.5 percent to…
The Energy and Petroleum Energy Authority (EPRA) has appointed its Secretary and Director of Legal Affairs, Mueni Mutung’a as its director-general. Mueni replaces Pavel Oimeke, who will not be renewing his term following a pending court case. “Ms Mutung’a is to serve in place of Mr Pavel Oimeke whose contract renewal is currently the subject of a court case, under which Conservatory Orders have been made and are still pending,” reads a statement from the commission’s board chair, Jackton Ojwang’. Oimeke, whose term ended on August 1 faces allegations of corruption and abuse of office which currently bar him from…