Koko Energy firm Launches ethanol burners to be refuelled using Smart ATMs

Koko Energy firm Launches ethanol burners to be refuelled using Smart ATMs

Energy solutions firm Koko Networks has unveiled a two-burner ethanol stove for low-income households as it seeks a piece of the cooking gas business. The specially-designed cookers will retail at Sh7,000 and come with a refillable smart canister with a capacity of 2.3 litres that dock with KOKOpoints, which then dispense fuel they have pre-purchased by topping up their KOKO accounts with M-PESA. They then take their smart canister home to dock into their KOKO Cooker, a modern, high-power 2-burner ethanol stove that delivers affordable cooking energy, safely and conveniently.…

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Microsoft opens first Africa Development Centres in Nairobi and Lagos

It was almost three decades ago that Microsoft opened its first offices in Africa. In this time, they witnessed incredible growth on the continent – more internet connectivity, more digital capability and more innovation. Africans have expanded the applications of technology, changing the way communities bank, farm and even access healthcare. As the next step on Microsoft’s journey in Africa, and to better understand a continent rapidly adopting technology in the cloud, and at the edge, Microsoft launched its first Africa Development Centre (ADC). With two initial sites in Nairobi,…

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Unregulated digital apps loans, consumer protection among emerging issues that require attention- CBK Kenya Study

The 2019 FinAccess Household Survey report presents results of data collected during October – December 2018 covering 11,000 households across the country. The survey targeted individuals aged 16 years and above, from scientifically selected households, designed to provide significant estimates at the national and regional level and by residence (rural and urban areas). The 2019 survey focussed more on the usage, quality and impact/welfare dimensions of measuring financial inclusion. In addition, the questionnaire incorporated a needs-based framework to the measure the relevance of financial services and products; financial health and…

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Kenya accounts for 60 per cent of private equity investments to East Africa

Banking Crisis

Kenya accounted for more than half of funds pumped into the region by private equity (PE) and venture capital firms. A new report shows that Kenya received 59 per cent of the funds that private equity firms pumped into the region between 2013 and 2018. The report by the Africa Private Equity and Venture Capital Association (AVCA) indicates that there were 110 reported deals during the five years valued at Sh130 billion. Most of the money was invested in the consumer goods and technology sectors. Reports have in the recent…

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Kenya ranks 3rd in Sub-Saharan Africa in the 2018 Global Innovation Index

Kenya has won the third place in Sub-Saharan Africa in the Global Innovation Index (GII) 2018 coming after South Africa and Mauritius. Kenya achieves high levels of innovation relative to its level of development, a continuous performance since 2011. Strengths for Kenya are access to credit (especially microfinance loans), innovation linkages and exports of creative services, such as R&D financed by abroad, workforce efficiency and printing and other media. Now in its 11th edition, the GII is a detailed quantitative tool that helps global decision makers better understand how to…

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Uber Is Expanding To Ghana, Tanzania And Uganda

Dar es Salaam

Uber is branching out to more African countries. The car-hailing company said that it plans to start operating in the capitals of Ghana, Uganda and Tanzania within a month, AP reports. With operations in Nairobi and Mombasa in Kenya, Lagos and Abuja in Nigeria and five cities in South Africa, this move will further increase their presence on the Continent. Uber’s existence in Africa has not been a smooth journey. It has been met with resistance from existing taxi drivers who deem it as competition. Incidences in Kenya of Uber drivers being…

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Africa’s mobile money platform Mpesa expands to Europe

Editor’s note: Tomorrow Transformed explores innovative approaches and opportunities available in business and society through technology. (CNN) — Snapchat may be the latest application with a new mobilepayment feature launched this week, but the idea that made Snapcash possible was spawned more than seven years ago in Africa. When M-Pesa came on the scene in 2007 — a money transfer system devised by Vodafone and Kenya-based Safaricom – it sparked a mini-revolution. With the touch of a button, relatives in Nairobi could transfer cash instantly to their remote up-country families…

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Kenya: Safaricom, Seven Seas Technologies in joint bid for county ICT tenders

Safaricom has partnered with Kenyan based ICT multinational Seven Seas Technology in an initiative aimed at harnessing the use of technology to offer integrated communications solutions to Safaricom enterprise and mobile consumer segments. In Summary Under the partnership signed Tuesday, the two firms will market education, health and agriculture IT management solutions to the counties. The Safaricom and Seven Seas partnership comes at a time when most county governments are adopting automated systems to get rid of ghost workers and streamline their financial platforms to seal revenue leakages through corruption.…

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Disrupting mobile banking in Kenya; Equity Bank joins the list

EQUITY Bank, whose micro-loans offerings have helped increase the number of Kenyans using formal financial services, is looking to break into Kenya’s booming mobile telecoms market. The bank says it will use the Mobile Virtual Network Operator licence it was granted in April to make financial services even more accessible and affordable. Kenyans transacted more than US$20 billion through their mobile phones in 2013, and Kenya leads the world in its adoption of mobile payments. Equity is looking to tap into this booming market by employing innovative Taiwanese-made ultra-slim “subscriber…

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DotConnectAfrica Registry Services Participates in ICANN DNSSEC training at AFRALTI Nairobi

DotConnectAfrica Registry Services (Kenya) Ltd. (‘DCA Registry Services’) participated in a rigorous two-day training programme on DNSSEC. PRLog (Press Release) – Jun. 19, 2013 – DotConnectAfrica Registry Services (Kenya) Ltd. (‘DCA Registry Services’) participated in a rigorous two-day training programme on DNSSEC that was conducted at the AFRALTI Nairobi on 11 -12 June, 2013. KeNIC, the  manager of the .ke ccTLD extension and organizer of the training programme, had also sent invitations to ISOC Kenya Chapter  members who also participated.The DNSSEC training will enable DCA Registry Service staff gain essential…

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