London-based money remittance firm WorldRemit on Wednesday unveiled a new service that allows businesses and employees of foreign firms in Kenya to receive payment from small and medium-sized enterprises in the UK. The service dubbed ‘WorldRemit for Business’ also allows UK-registered companies to send money to contractors or staff in 149 other countries including Ghana and South Africa through its app or website. Transfers to Kenya, the firm says, will be processed within 24 hours or less and recipients can opt to have the cash wired to their bank accounts, via mobile money or cash pickup. This latest option poses…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Creating for People (Association Famille Mulliez), CREADEV a French investment firm wholly backed by the Mulliez family has acquired KSh500 million in Twiga Foods. “Creadev, a global long-term investment firm wholly funded by the Mulliez family, has today announced a secondary investment of USD 5 million in Twiga Foods, a Kenyan-based technology based B2B platform that aggregates retail demand and efficiently provides low cost access to better quality food,” said the statement announcing the deal. As part of this secondary transaction, early investors, Adolf H. Lundin Charitable Foundation, Blue Haven Ventures, Crescat Limited, Omidyar Networks, Index Ventures through Project Hand…
Blue Band manufacturer, Upfield has commenced this year’s edition the Good Breakfast Campaign to drive its commitment to tackle poor nutrition by educating school going children around the importance of a good breakfast. A white paper written by experts in 2016 highlighted the link between a nutritious breakfast and better long-term school performance in children. “The Good Breakfast Campaign” seeks to drive behavior change by creating awareness on the importance of a nutritious breakfast. Blue Band will run the Good Breakfast Campaign through a schools’ program across several schools, reaching 2 million school children directly. With the multiplier effect using…
The University of Nairobi is one of Africa’s universities selected to access IBM’s quantum computing, a first of its kind in the continent. IBM is bringing Quantum to Africa and will collaborate with 16 universities across Africa to train students and professors on the functionalities of this new computing paradigm, equipping future generations with the necessary skills for next era of technology. “For Africa to remain competitive for the coming decades we must get the next generation of students quantum ready,” said Dr. Solomon Assefa, Vice President, Emerging Market Solutions and Director, IBM Research – Africa when announced a partnership…
Wednesday’s Google Doodle celebrates the late Margaret Ogola’s 60th Birthday, a Kenyan novelist who composed The River and the Source and its sequel, I Swear by Apollo. “This strength and support that is found in the African family is the most important part of our culture and should be preserved and nurtured at all costs.” Margaret Ogola. The River and the Source follow four generations of Kenyan women in a rapidly changing country and society. The book won her the 1995 Commonwealth Writer’s Prize for the ‘Best First Book in Africa’. Born on this day in 1958, Kenyan author, pediatrician,…
New LPG regulations attack counterfeit market and create safety guarantees to draw consumers off firewood that is driving respiratory disease as Kenya’s biggest killer. The government has approved the Liquefied Petroleum Gas (LPG) regulations banning oil marketers from accepting gas cylinders from rival brands during refills. The changes come as part of a government drive to position LPG as Kenya’s primary cooking fuel to end the health and environmental problems caused by cooking with firewood and charcoal. Mr. Pavel Oimeke Director General of the Energy and Petroleum Regulatory Authority (EPRA) on Tuesday.said the regulations are meant to enhance safety, and its…