Author: Khusoko

ICEA Lion Group has launched Kenya’s first stand-alone cover for cancer that will cater to the financial needs of patients from diagnosis, treatment, surgery to palliative care and relapse. George Nyakundi, the GM ICEA Lion Group, said the product provides solutions to the complex issues that face the market. “We looked at the current situation in the country, how Cancer has affected families, leaving them destitute and in dire financial need. We noticed that despite there being other interventions in society to support cancer patients, there still exists a need for more financial support,” said George Nyakundi. “In view of…

Samsung East Africa will offer discounted prices and special offers on a variety of products as it marks its 50-year Anniversary in a three-month nationwide end year consumer promotion. The promotion is aimed at rewarding consumers for their loyalty to the Samsung brand. The products on offer range from Samsung QLED TVs, fridges, microwaves, Samsung mobiles, tablets, vacuum cleaners, washing machines and so much more. Samsung Electronics East Africa, Head of Internet and Mobile, Charles Kimari said the burst of deals will enable consumers to snap up products at amazing prices – in the lead up to the festive season…

Tingg’s all-in-one payment model seeks to revolutionize the way consumers interact with payment services in the region Leading technology firm Cellulant on Tuesday announced the launch of Tingg, a consumer payment, commerce, and financial services app. In Kenya, Tingg offers third-party service from utility payments for water, electricity, airtime and PayTv through partnerships with; KFC and Simbisa Group, (Pizza Inn, Chicken Inn and Creamy Inn) to offer Tingg Food, and with Go Beba to offer gas delivery under Tingg Assisted Shopping. Consumers can access Tingg by dialling *369# or download the app to also create and manage investment groups (chamas)…

Uganda’s central bank on Monday cut its benchmark interest rate by one basis point to 9.00 percent, the first time since October 2018, in a bid to bolster the country’s sagging growth.  Emmanuel Tumusiime-Mutebile, the bank’s governor said the benign inflation outlook provided room for a reduction in the policy rate to support economic growth. “Against this backdrop, the BoU has decided to reduce the CBR by 100 basis points to 9 percent.” The bank acknowledged that the economy continues to grow but at a slowing rate. Economic activity seems to have slackened in the first half of 2019 compared…

Uganda’s singing duo Esther and Ezekiel Mutesasira were crowned winners of the first edition of East Africa’s Got Talent walking away with a cash prize of $50,000 in the Sunday night finale that had six contestants. The talented Mutesasira siblings are children to Pastor Stephen Mutesasira and wife Julie Mutesasira. https://twitter.com/EstherEzikiel/status/1181139235446935552 https://twitter.com/KagutaMuseveni/status/1180923766014185472 Rwanda’s Inteyoberana cultural troupe finished second, within touching distance of the grand prize of the $50,000. https://twitter.com/KarongoPhionah/status/1181108560379469829 Kenya’s 9-year-old singer Janelle Tamara managed to come third. The other finalists were Comedic Dance Group (Uganda), Dance Alliance Network (Uganda), Jehovah Shalom Acapella (Uganda), and Spellcast (Kenya). The past nine…

Cytonn Investments, a leading alternative investment management firm in the East African Region, said it plans to raise Kshs 2.0 billion of capital through Development Real Estate Investment Trust, (DREIT). As a result, the investment firm has filed an application with the Capital Markets Authority (CMA), to register a Development Real Estate Investment Trust, (DREIT). The DREIT  will be deployed for the first phases of two of our real estate projects, The Ridge in Ridgeways, and RiverRun Estates in Ruiru.  If approved the offer would bring access to high-yielding investments to investors in the regulated markets.  With the transition to…