The Kenya Power and Lighting Company (KPLC), which is more commonly known as Kenya Power has made it know that it will not be negotiating any new agreements with commercial banks and other third 3rd) parties for the selling of electricity tokens, after the previous contracts expired on the 31st of August 2022. Observers believe that this decision will now restrict the deals to telecommunications companies. In the words of the Acting Managing Director; Geoffrey Muli, “We have no immediate plans to bring the third parties back, maybe under a different arrangement. If the need arises then we can think…
Author: Tobey
The National Hospital Insurance Fund (NHIF) is an initiative that has been set up to cover all individuals in Kenya who are over the age of 18 years. The National Hospital Insurance Fund (NHIF) was founded in 1966 and covers both inpatient care services and outpatient care services, making it a fundamental part of the healthcare system in Kenya. It currently has ninety five (95) branches that are independent, as well as satellite offices and is situated in all the forty seven (47) Huduma Centers available in Kenya. Read Also: How To Register For The National Hospital Insurance Fund (NHIF)…
According to reports, Walt Disney’s entire Direct To Consumer (DTC) subscriptions hit an impressive 221.1 million for its fiscal third (3rd) quarter which ended in June of 2022. This was a significant achievement for Disney+, as well as its parent company. The company’s streaming services has also surpassed American subscription streaming service and production company; Netflix. Netflix had most recently released a report making it known that it had hit a total of 220.67 million subscribers globally. Netflix does not currently offer any bundles. Disney currently counts the subscribers to Subscription Video On Demand (SVOD) bundles, as one (1) for…
American spacecraft manufacturer, space launch provider; Space Exploration Technologies Corp more popularly known as SpaceX now wants internet security specialists and researchers to hack into its satellite internet constellation; Starlink and report any bugs found for a reward of 25,000 United States Dollars (USD) which is around 2.99 million Kenyan Shillings. Although SpaceX which was founded by Elon Musk is hugely popular for carrying out cargo missions and astronaut missions with its reusable rockets its low latency broadband internet system; Starlink, has gradually begun to gain traction as well. Earlier in 2022 when Russia invaded Eastern European country Ukraine, it…
According to reports members of the National Health Insurance Fund (NHIF) will now be able to gain direct access to private owned pharmacies and consultant doctors. It is believed that the move is intended to broaden the available treatment options, while also reducing the costs. The Chief Executive Officer (CEO) of the National Health Insurance Fund (NHIF); Peter Kamunyo made it known that the board is finishing up the roll out of the new model which will provide all National Health Insurance Fund (NHIF) members with more options with regards to accessing healthcare and also reduce the money spent on…
Kenyan insurance technology company; Lami Technologies, has secured a seed round extension of 3.7 million United States Dollars (USD) which is around 440 million Kenyan Shillings for the expansion of its insurance product services, into other parts of Africa. Leading the new round of seed funding was Harlem Capital. Other participants in the round of funding include Jay Weintraub, Caribou Honig, Peter Bruce-Clark, and Newtown Partners. Lami makes it possible for businesses using its Application Programming Interface (API) to provide digital insurance products to their users. Partner businesses will also be able to manage their various insurance needs. Read Also:…
On the 18th of July 2022 the International Monetary Fund (IMF) met to review the request made by Kenya for an additional loan of 244 million United States Dollars which translates to around 28 billion Kenyan Shillings. The request for the additional loan is coming at a time when the East African nation has been unable to meet specific conditions which include the creation of a payroll. The International Monetary Fund (IMF) also made it known that Kenya requested for a number of waivers on the programme. It stated that the country had been unable to fulfill some of the…
According to latest reports American multinational technology company; Amazon is set to purchase One Medical; a major healthcare establishment. The deal is valued at around 3.9 billion United States Dollars which is around 462.74 billion Kenyan Shillings and will mark the second entry by Amazon, into the healthcare services sector. Amazon which focuses on e-commerce, digital streaming, artificial intelligence, and cloud computing made it known through a statement released on Thursday the 21st of July 2022 that it will indeed be purchasing One Medical at the rate of 18 United States Dollars per share which is around 2,136 Kenyan Shillings…
Telecommunications giant; Safaricom has launched a brand new zero interest loan service which will make it possible for its customers to shop for goods with a credit line of not more than 100,000 Kenyan Shillings. With the new loan service which observers believe could positively shake up the mobile loans sector in Kenya, users will be able to pay back at later dates. The interest free credit by Safaricom which is called ‘Faraja’, will allow users pay for services and goods from as low as 20 Kenyan Shillings to a maximum amount of not more than 100,000 Kenyan Shillings. Unlike…
More than 6.2 billion Kenyan Shillings has been frozen by the High Court of Kenya as a result of suspicions that the funds were acquired through money laundering and card fraud. The entire sum was spread across over sixty two (62) bank accounts which belonged to four (4) Kenyans as well as Flutterwave. Among the funds frozen were billions in Equity Bank, Kenya Commercial Bank (KCB), Guaranty Trust Bank (GTB), Co-operative Bank, and EcoBank accounts. The freeze occurred after an application was made by the Assets Recovery Agency (ARA) to prevent any withdrawal or transfer, until a petition is filed which…
Popular subscription streaming service and production company; Netflix, has entered into a partnership with American multinational technology corporation; Microsoft. The Chief Operating Officer (COO) of Netflix; Greg Peters made it known on the 13th of July 2022 via a statement that, “Microsoft has the proven ability to support all our needs as we together build a new ad supported offering. More importantly, Microsoft offered the flexibility to innovate over time on both the technology and sales side, as well as strong privacy protections for our members.” Netflix which is the home of the widely popular series; Stranger Things has reportedly…
Recent reports have revealed that a member of the Federal Communications Commission (FCC) has made a case for Google and Apple to takedown the TikTok application from their respective app stores as concerns over user data being exposed to the Chinese government, continue to rise. The fears first began when it became public knowledge that the Chinese government owns technology company; ByteDance which is the parent company of TikTok. A member of the Federal Communications Commission (FCC); Brendan Carr wrote a letter to the Chief Executive Officers (CEOs) of Google and Apple requesting that they both take down TikTok from their…
According to recent reports the average every day cost of leasing or renting apartments in Nairobi via popular home rental platform; Airbnb has now increased to as high as 49 United States Dollars which is around 5,782 Kenyan Shillings in the past 12 months. This is an increase of 22.5 percent. Data from AirDNA which is the most trusted resource for vacation rental research in the world revealed that the everyday cost increased in May of 2021 from 40 United States Dollars which around 4720 Kenyan Shillings, to the current levels today. The charges are representative of the present average…
National Oil Corporation of Kenya which is owned by the Kenyan government will from August 2022 begin to ship fuel from Saudi Arabia as it has significantly lower prices than the current global oil prices. The decision by National Oil Corporation of Kenya is being viewed as the Kenyan government’s strategy for reducing the current pump prices in the country. The shipping will be facilitated via a government to government deal that will make it possible for Saudi Aramco officially known as the Saudi Arabian Oil Company, to supply the National Oil Corporation of Kenya with refined fuel at prices that…
