Author: Maingi Gichuku

Maingi Gichuku is passionate about helping African businesses grow by offering technology solutions. With a BSC in Zoology and biochemistry, Gichuku yearns for an Africa that can find solutions to its challenges. My drive is to see an economically dynamic Africa and embrace its populations by creating opportunities cutting across the social and economic strata.

Kenyan health startup Afya Rekod partners with Medi-Science to improve personal health data in Africa and Europe www.theexchange.africa

An analytical telemedicine system is provided by MediLiVes; the system aims to reduce the time and money required for medical tests.

MediLiVes is a forward-thinking project that provides telemedicine solutions that are one-of-a-kind and cutting-edge.

One of the fields experiencing the most rapid expansion worldwide is telemedicine, which is built on technology that allows for a patient’s health status to be monitored from a distance.…

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Kenyan State to gets Sh44bn dividend windfall from investments www.theexchange.africa

Safaricom, the government’s primary source of dividends, substantially increased its dividends payout. Other state-controlled enterprises, like the power generator KenGen and Kenya Re, also increased their contribution during the review period, which helped to boost the total amount of dividends.

The Treasury will receive a total payout of Sh19.4 billion for its 35 per cent telco ownership due to the dividend announcement, making it one of the most significant recipients of the windfall.

In February, Safaricom paid an interim dividend to the Treasury in the amount of 8.97 billion Kenyan shillings.

Safaricom declared a final dividend of 0.75 shillings per share, which will entitle it to receive an additional 10.5 billion by the 31st of August.…

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Solar Power Industry to GenerateUS$372 Billion by 2027 www.theexchange.africa

Solar photovoltaic (PV) systems are less expensive and easier to construct than other renewable energy sources, such as wind or hydroelectric turbines.

They also generate electricity at an efficiency of approximately 42%, which is about two percentage points higher than the efficiency of wind turbines.

The ever-increasing need for energy, the ongoing push to lessen reliance on fossil fuels for the generation of power, as well as financial incentives and regulatory support for the expansion of solar photovoltaic (PV) technologies contribute to this trend are all drivers that are propelling solar energy forward.

In addition to the low installation and maintenance costs, other drivers propelling solar energy forward include rising energy demand.…

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Tiger Brands goes solar as power woes persist www.theexchange.africa

This decision comes at a time when South Africa is still struggling with catastrophic power outages and is also attempting to transition away from its reliance on fossil fuels. Causing businesses to steer clear of relying on Eskom, the struggling state-owned utility of the country, for their electricity needs.

Eskom blackouts can last up to six hours, which causes production delays and damages sales.

Eskom, the troubled power corporation responsible for providing most of South Africa’s electricity, has had a challenging time keeping the lights on for many years and has been forced to apply load-shedding to prevent the grid from collapsing.…

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Stock market defies disputes over presidential poll results www.theexchange.africa

Trading took place on Monday before Deputy President William Ruto was confirmed the winner of the presidential election, which occurred amidst scenes of chaos and the rejection of the results by four election agency commissioners.

As a result of Odinga’s pledge to legally contest the election results, it is possible that it could be several weeks before a new president is inaugurated into office. This has sparked worries of unrest against the backdrop of rapidly increasing food prices and massive levels of public debt.

Analysts had predicted that there would be a sell-off of shares, which was anticipated to drag the NSE down to new lows.…

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CMA Reviews Credit Rating Agencies Regulations www.theexchange.africa

A credit rating agency is an institution that examines the degree to which various issuers of securities are financially reliable and issues ratings to such securities. These ratings are used to help investors make investment decisions.

The CMA has granted registration and operating permission to five credit rating agencies. These agencies are as follows: Agusto & Company Limited, Global Credit Rating Company (GCR), A.M. Best Rating Services Limited, Metropol Corporation Limited, and CARE Ratings.

Until September 16, the regulatory body will collect comments from various parties regarding the draft regulations.…

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Liquid Intelligent Technologies completes acquisition of Telrad www.theexchange.africa

Liquid can deliver connectivity on both a local and regional scale because of its open access, totally owned fibre network that spans 100,000 kilometres.

The terrestrial infrastructure is supplemented by an extensive network of undersea cables, which together make up the international connectivity footprint of Liquid.

In addition to networking, cloud voice, cloud applications, and cloud platforms, Liquid’s cloud solutions incorporate cyber security services such as cyber defence, secure access, and safe data in addition to networking, cloud voice, cloud applications, and cloud platforms.…

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jubilee agm

Investment income and higher net premiums contributed to Jubilee’s increased net profit of Sh6.8 billion for the year that ended in December, which was up 67% from the previous year.

As a result of the performance, the company has declared an extraordinary dividend of Sh5 for each share. In addition to its regular dividend of Sh9 per share, the company distributed this amount.

After reaching an agreement to purchase a majority stake in Jubilee’s general insurance businesses, Allianz negotiated a contract with Sanlam Limited of South Africa to establish a joint venture. This agreement may have repercussions for the Kenya-based subsidiaries of both of the aforementioned companies.…

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Tripesa secures funding to digitize tourism MSMEs www.theexchange.africa

The simple, no-code Tripesa platform makes it possible for proprietors of small businesses in the tourist and hospitality industries to conduct online sales and manage all aspects of their companies.

The platform makes it possible for a micro, small, or medium-sized organisation (MSME) in the tourism industry to construct and administer a website, collect bookings and payments, and access a dashboard for managing client relationships even if they have no prior experience with IT.

Over 260 travel and tourist enterprises from Uganda and Kenya are registered on the Tripesa platform.…

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Blinken Urges Rwanda and Congo to End Support for Warring Militias www.theexchange.africa

Blinken stated that Kagame and Congolese President Felix Tshisekedi had decided to handle the conflict in eastern Congo directly.

Officials from the United States and Rwanda estimate that more than 130 armed groups are operating in eastern Congo, which has turned into a battlefield for militias that have killed and maimed people while making billions of dollars from the smuggling of minerals out of the region rich in natural resources.

The Congolese government and other African governments provide many of the organisations with weapons and funding.…

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