- I&M Bank’s profits rise by 15 percent as the lender intensifies regional expansion
- Telco giant MTN reshaping presence in Africa with key exits
- German firm Karcher opens new $3 million distribution center in Kenya
- Equity Group to pay record $114 million in dividend despite 5 per cent profit dip
- Under President Samia Suluhu Hassan, a new economic dawn emerges in Tanzania
- BRICS bank readies to disburse $5 billion in loans this year
- Air Tanzania launches a second boeing 737-9 Max aircraft
- Kenya Airways trims net loss to $172 million despite revenue surge
Author: Njenga Hakeenah
I have 10 years of experience in multimedia journalism and I use the skills I have gained over this time to meet and ensure goal-surpassing editorial performance. Africa is my business and development on the continent is my heartbeat. Do you have a development story that has to be told? Reach me at njenga.h@theexchange.africa and we can showcase Africa together.
When Kenya Airways inaugurated its first direct flight to the US, the fanfare and expectations were only comparable to the athletics events where Kenya does exploits on the global scene.
The launch could not have come at a better time when the company is seeking to cement its prominence as the Pride of Africa.
As the airline celebrates the first year of operating non-stop flights between Nairobi and New York, the JF Kennedy International Airport Terminal 4 Chief Executive Officer, Roel Huinink, says from a business perspective, the Nairobi-New York route is an important addition in its network development.
KQ’s 105,000 passengers in a year
Speaking to Kenya’s Chams Media, Huinink said, “It is a very important destination and also as a tourist destination it is high on the calendar of many people. It gives the Americans a very good opportunity to visit the beautiful country of Kenya and …
Over 25 per cent of Kenya’s insurance industry income is fraudulently claimed leading to insurers incurring heavy losses.
To counter this, Kenindia Assurance has taken steps to curb the fraud by incorporating Artificial Intelligence (AI) in its motor insurance claim processes.
The insurer is utilizing artificial intelligence to fast track its claims resolutions through the use of anomaly detection, sentiment detection, text analytics and a self-service portal.
Integrated Motor Insurance Data System
Kenindia Assurance Deputy General Manager, Joyce Mathenge, says that motor insurance is the main contributor to insurance fraud hence the need to develop mechanisms to lower their risks.
“With more Kenyans owing cars and motor insurance being mandatory, we find that having ineffective due diligence processes and a corruption culture usually leads to motor fraud. We have invested in artificial intelligence as well as continuing training our teams to enhance their abilities to detect motor fraud,” said …
Kenya’s public transport sector is chaotic and only those who are part of the system survive the anarchy…
Kenya has seen five American multinational corporations enter its territory setting base in what is a challenging time for the East African economic hub.
The latest entrants who entered the Kenyan market in the last 12 months are an indication that US private-sector businesses are bold enough to dive into the economy that has been decelerating.
Among these companies that will create opportunities and transform the business landscape in Kenya and the region include Cigna, an American health services organization and Abbot Laboratories.
The two have already set up regional offices in Nairobi. This is Abbot Labs’ second regional office in Africa after decades of being present in South Africa.
American agricultural chemical and seed company Corteva and the American Tower Corporation (ATC) have also set up regional offices in Kenya.
ATC has already acquired 723 towers from Telkom with another acquisition in the pipeline which will make ATC Kenya …
Investment in infrastructural projects by governments, particularly in the energy sector, gave some buoyancy to the faster-growing economies…
According to the company’s East Africa General Manager, Ivan Mbowa, doing business in Tanzania for the fintech lender is currently on hold until further notice.…
Tala is promising a disruption in the market that has given them the means and confidence to expand into other markets…
The company’s board says this is part of the ongoing organisational turnaround strategies…
Nations that were lacking this momentum are now growing and modernising their economies…
Africa’s travel and tourism remain the key growth drivers of the continent’s economy contributing 8.5 per cent (or US$194.2bn) of the GDP…