Author: Kang'ethe Njoroge

A communication expert with over 10 years’ in journalism and public relations. My ability to organize, coordinate and follow through assignments has enabled me to excel in media. I have a passion for business in Africa and of course business in Kenya!

Safaricom Limited has announced the election of Adil Arshed Khawaja (MBS) as the Chairman of the Board on 26th January 2023 The highly distinguished Advocate of the High Court of Kenya, was appointed a Director in Safaricom PLC on 22nd December 2022 following the resignation of John Ngumi.  He currently serves as the Managing Partner at Dentons Hamilton Harrison & Mathews, the oldest law firm in Kenya, established in 1902 with a reputation of being an innovative, experienced, responsive, and highly skilled firm. Safaricom Limited has announced the election of Adil Arshed Khawaja (MBS) as the Chairman of the Board…

Read More

According to the World Economic Forum, artificial intelligence (AI) can contribute up to USD 15.7 trillion to the global economy by 2030. However, in Africa, AI market growth has stagnated, estimated at USD 870 million in 2021, with marginal growth forecasted until 2024. It has been argued that continents in the Global South will continue to benefit less from AI than those in the North. Oxford Insights highlights bottlenecks that have handicapped the growth of AI in Africa including governments requiring the appropriate regulatory environment to support AI development – including adequate data infrastructure, and an innovative vision to implement…

Read More

Kenyan workers were paid less than $2 to make ChatGPT less toxic, a new investigation by Time Magazine has revealed.  OpenAI hired an outsourcing firm Sama who tasked workers to help build a filter system that would make ChatGPT suitable for everyday use with workers taking home an exploitive wage of between around $1.32 and $2 per hour depending on seniority and performance, Time reports that the workers were forced to read graphic detail like child sexual abuse, beastiality, murder, suicide, torture, self harm, and incest. It has now emerged that Kenyan workers were paid less than $2 to make…

Read More

Agriculture deals worth $25Mn will be struck next month as investors throng the Kenyan capital for the 6th edition of Africa Agri Expo (AAE) in February 2023.  Over 100 investors and potential business leads in the agriculture value chains from 35+ countries, are keen on setting up businesses and distribution set-ups in Kenya.  The agricultural 2-day event will happen on 8th February to 9th February at the Kenyatta International Convention Centre (KICC) and is designed to provide solutions to Farmers, Agribusiness professionals, Agronomists, Government representatives to improve their yields and revenue.  Agriculture deals worth $25 million are expected to be…

Read More

Serviced office space provider, Workstyle Africa, has announced plans to invest $2 million to open five one-stop-shop entrepreneurship centres and work spaces in East Africa.  The firm has partnered with SNDBX International, a business growth ecosystem, to open the centers.   Each Workstyle location will have a SNDBX wing with more than 20 resident business support experts.   Serviced office space provider, Workstyle Africa, has announced plans to invest $2 million to open five one-stop-shop entrepreneurship centres and work spaces in East Africa. The firm has partnered with SNDBX International, a business growth ecosystem, to open the centers aimed giving entrepreneurs and…

Read More

Tanzania President Samia Suluhu has urged the world to look to Africa for energy amid the climate, energy and geopolitical crises that have been raging for some years now. Speaking during the 53rd World Economic Forum Annual Meeting as a session on  “Repowering the World” Suluhu said Africa has everything when it comes to energy.  Africa needs a lot of energy as many Fourth Industrial Revolution technologies are being applied there and a lot of related manufacturing is carried out there. Tanzania President Samia Suluhu has urged the world to look to Africa for energy amid the climate, energy and…

Read More

High cost of living is expected to continue in East Africa in  2023 as the region is projected  to experience sustained high inflation pressures according to the latest data from Sanlam Investment East Africa, 2023 investment outlook report. The region’s median inflation rate is currently estimated at almost 9 percent with some economies registering double digit inflation.  High inflation is a key investment risk with central banks leaning towards higher interest to curb inflation. High cost of living is expected to continue in East Africa in 2023 as the region is projected to experience sustained high inflation pressures according to…

Read More

Kenya’s Athi River Mining Cement PLC administrators have called for a creditors meeting to discuss liquidator’s acts and dealings. The Company was placed under Administration effective 17 August 2018 and subsequently placed in liquidation effective 1 October 2021. Creditors entitled to attend the meeting are entitled to appoint a proxy to attend and ask questions on their behalf. Kenya’s Athi River Mining Cement PLC administrators have called for a creditors meeting to discuss liquidator’s acts and dealings, and the conduct of the liquidation during the preceding year. The Company was placed under Administration effective 17 August 2018 and subsequently placed…

Read More

Britam Holdings Board of Directors has appointed Lofti Baccouche of Capgemini Invent in the UK as an Independent Non- executive Director.  The appointment is subject to the Insurance Regulatory Authority’s approval amidst a low insurance penetration in the country.  Lotfi is a financial services executive with solid experience in both developed and emerging markets with over 35 years of experience in finance, insurance and risk management.   Britam Holdings Board of Directors has appointed United Kingdom’s Lofti Baccouche the Vice President – Insurance practice lead in Capgemini Invent in the UK as an Independent Non- executive Director.  The appointment is subject…

Read More

Investment in African startups in the energy sector more than doubled in 2022 to hit $874 million compared to $413 million in 2021 making it the biggest winner in 2022. The energy sector was followed closely by the logistic & transport sector which experienced year on year growth of 38 percent, surpassing Fintech in Q4. Retail came next at $455m in investment, while other significant sectors growing year on year included Telecom, Media & Entertainment, Agriculture & Food and Deeptech. Investment in African startups in the energy sector more than doubled in 2022 to hit $874 million compared to $413…

Read More