Category: BUSINESS

Key highlights of the World Statistics Day

Editor
Statistics

    As Kenya celebrated Mashujaa Day on 20th October the World at large was celebrating the World Statistics Day. This an international day to celebrate statistics. According to the Standard media, the day was created by the United Nations Statistical Commission and was first celebrated on 20 October 2010. The day is celebrated every five years making it the 2nd celebration. Here are some of the key interesting statistics that you would like to know. The latest global Covid-19 statistics, total cases now stand at 40,664,529 (40.7M); Deaths: 1,123,217…

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Facebook reinforces its presence in Africa

Editor
facebook

Facebook reinforces its presence in Africa Facebook is in Africa’s good books yet again and this time, the tech giant hopes to develop products made by Africans, for Africans, and the rest of the world. In 2016, Facebook chief executive Mark Zuckerberg visited Nigeria on what was his first trip to sub-Saharan Africa. While the attraction to the budding tech ecosystem which was already producing some of Africa’s best-known startups was obvious, there was also the underlying influence of Facebook’s pool of high-ranking Nigerian-American executives. Four years later, that influence…

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CBK Proposes law for mobile loan apps

Dianne Jacobs
MTN Rwanda

CBK Proposes law for mobile loan apps Digital app lending companies operating in Kenya are set up for a shake-up after the country’s central bank proposed new laws to regulate monthly interest rates levied on loans by digital lenders in a bid to stamp out what it deems predatory practices. If approved, digital lenders will require approval from the central bank to increase lending rates or launch new products. The move comes in the wake of mounting concern about the scale of predatory lending given the proliferation of startups offering…

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Toshiba Exits Laptop Business

Dianne Jacobs
Toshiba

Toshiba Exits Laptop Business Toshiba, a Japanese tech giant once well-known for its satellite range of laptops meant for heavy use, has finally decided to quit the laptop business. Toshiba has quietly sold its remaining 19.9 percent stake in its Dynabook laptop brand to Sharp, officially exiting the laptop business. The company earlier sold an 80.1 percent stake to Sharp in 2018. “Toshiba Corporation hereby announces that it has transferred the 19.9 percent of the outstanding shares in Dynabook that it held to Sharp Corporation. As a result of this…

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Airtel Kenya ventures into the TV streams market

Dianne Jacobs
Airtel Kenya has launched a TV app service to tap into streaming services market

Airtel Kenya ventures into the TV streams market Airtel Kenya a Telecom firm has launched a TV app service in the market as it moves to tap the growing demand for movie streaming services and rev up data consumption on its network. The free service dubbed Airtel TV will allow users to watch movies, documentaries, music, and cartoons, seeking a piece in a market dominated by giants Netflix, Amazon, and Showmax– which provide videos on demand. The service will be free for now, a pointer that seeks to earn money…

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Telkom Kenya cancels merge with Bharti Airtel

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Telkom Kenya

Telkom Kenya cancels merge with Bharti Airtel Telkom Kenya said on Wednesday it was no longer looking to merge its business with the Kenyan unit of India’s Bharti Airtel, citing challenges in securing the required regulatory approvals for the deal reports Reuters. Bharti Airtel had said in February 2019 that its Airtel Networks Kenya unit had agreed to buy Telkom Kenya, the East African nation’s smallest operator in which the state still has a 40% shareholding after a majority stake was sold in 2007. The deal, whose terms have never…

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Microsoft to continue exploring potential Tiktok deal

Editor

Microsoft to continue exploring potential Tiktok deal Last Friday, reports emerged that Microsoft was in talks to purchase TikTok from the Beijing-based company ByteDance. The same day, Trump mentioned plans to ban the social media platform from operating in the U.S. This Sunday, Microsoft said in a statement that it is moving forward with talks to buy TikTok after speaking with President Trump, who has threatened to ban the popular video app in the U.S. “Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring…

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DPO Group to be acquired by Network International for $288m

Editor
Online payments provider DPO Group to be acquired by Network International

DPO Group to be acquired by Network International for $288m DPO Group (DPO), one of the leading, high-growth online commerce platforms in Africa operating across 19 countries, has today entered into an agreement to be acquired by Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA). In a landmark deal for the African payments space, Network International will be acquiring 100% of DPO Group, which will continue to operate under the same brand. Headquartered in Dubai and listed on the London Stock Exchange, Network…

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‘Buy on Google’ is now running commission-free

olivia Craig
Buy on Google ,Commission feesgoogle waive

‘Buy on Google’ is now running commission-free Google is making it free for retailers to sell products in search results by waiving Commission fees for sales made via the ‘Buy on Google’ option. ‘Buy on Google’ is a payment option that lets customers buy products without leaving Google search results. The option to buy products directly on Google is made available to customers when they click on shopping listings in search results. Like other online payment providers, Google has always charged a commission fee for sales made through its platform.…

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Facebook to invest $57 Billion in Africa’s economy in next five years

Editor
Facebook’s to invest $57 Billion in Africa’s Economy in next five years

Facebook to invest $57 Billion in Africa’s economy in next five years Facebook has released findings from a study conducted by Analysys Mason called The Impact of Facebook’s Connectivity Initiatives in Sub-Saharan Africa, that highlights how its investments in infrastructure and connectivity across the region will deliver over $57 Billion in Economic Benefits over the next five years (2020–2024). According to The Economist Intelligence Unit – Inclusive Internet Index 2020, over 800 million people in Sub-Saharan Africa are unconnected to the Internet. Facebook’s infrastructure investments and connectivity initiatives include the following:…

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