In the three (3) months leading to December of last year (2018), Kenya one of East Africa’s largest economy, secured $704.99 million (about 70.55 billion Kenyan shillings) in fresh loans from China. With this development, China has overtaken the World bank, to become Kenya’s single-largest creditor. The latest data from the country’s treasury shows that the stock of debt owed China, hit $6.2 billion (620.60 billion Kenyan shillings) as at the end of last year, from the $5.50 billion in September of the same year, further cementing China’s influence on the East African country’s infrastructural projects. Kenya’s loans from the…
Author: Vizboy
For the first time in 10 months, the Kenyan shilling strengthened from 100ksh to $1 to 99ksh to the dollar. This has yielded benefits for consumers in the cost of goods and services. Exporters will unfortunately, get less earnings from their sales. The psychological 100 units mark to the dollar was surpassed during Thursday’s trading. Banks were bidding for the Kenyan shilling at an average of 99,85 units against the average asking price of around 100.15 units to the dollar. This was kept afloat by the continued heavy inflow of foreign exchange, which was outweighing demand. This move below the…
I stumbled on a billboard advertising a new loan app in Kenya and immediately, I was interested. Maybe it’s because of the name Berry, took me back to them BlackBerry days (don’t ask me how or why lol). Or maybe it’s Berry as a name for a loan app, took me by surprise. Either way, I made a decision to find out more. The Google Play Store description says Berry is Kenya’s newest mobile money lending App. It provides instant credit to its users, right on their mobile phones at a low fee, with an easy and flexible repayment schedule.…
The profile of petroleum brands in Kenya has changed significantly over the years and still continues to do so. This due in part to the mergers and acquisitions that have gone on between various multinational oil companies, as well as corporate asset restructuring which almost always leaves an impact on their Kenyan affiliates. In the 1970s, Shell, BP, Caltex, Esso, Total, Mobil and Agip collectively referred to as the 7 sisters sometimes, were the seven multinational companies which had a strong presence in Kenya. Also present although not to a large extent, was the local retailer called Kenol, principally owned…
Tala – The Loan Application (How To) When it comes to loans in Kenya especially via mobile applications, Tala is one name that just keeps coming up. Whether it is through ads on Youtube, Twitter, or Google’s suggestions, it certainly has a way of being… present. Tala, is a mobile loan app that is run and developed by Tala Mobile which was formerly Inventure. As at 26th February 2019, The Tala Kenya App has over five (5) million downloads on Google Play Store and a 4.8 out of 5 average rating, from 302,000 reviews. Impressive right? Upon installation, the 7.30.0…
In 2019, looking for a new laptop is much more than just going over specifications and what is hot right now. Whether you are looking for an affordable laptop, powerhouse, or a premium machine for gaming, we have tried to cater to your needs whatever they might be, with this list. Let’s get right to it; our best laptops of 2019 … so far. Dell XPS 13 (2018) Described as the world’s smallest 13-inch laptop, the Dell XPS 13 (2018) is a premium Windows ultraportable laptop, with a speedy performance and a 12-hour battery life. It has two versions. The…
Do you have a business idea or startup company, but no way to get capital? This is for You. Every year hundreds (if not thousands) of entrepreneurs create startup companies and businesses with big dreams of how milestones will be reached and profit margins surpassed. The sad reality is that the probability of success is far from guaranteed. Very few new businesses reach the 5-year mark, and even less are active after 10 years. Only a very few percentage will go on to become mega companies like Apple, Netflix, Microsoft and the likes. One huge reason for the extremely low…
KenGen Plc has announced that it has secured a multi-million shillings contract to supply geothermal drilling services to the Ethiopian Electric Power. According to a statement distributed by the power producer to newsroom, it bid – with its partners from China – for the Horn of Africa project as a consortium and was awarded the contract in December 2018. “As we extend our services to Ethiopia, we are leveraging on our expertise, in depth knowledge of the African Rift Valley and close to four decades of successful drilling experience,” said KenGen’s managing director and chief executive Rebecca Miano during a…
Did you know there is a plan to build a super highway from Kenya to Nigeria? Well according to the Northern Corridor Transit and Transport Coordination Authority (NCTTCA), the Trans-African Highway project between Lagos, Nigeria and Mombasa, Kenya was launched In July 1971, by the UN Economic Commission for Africa (UNECA). As claimed by NCTTCA on its website, the Trans-African Highway project, was created “as a pilot project to make it possible to draft principles and methods for effective intra-African co-operation in the construction of international highways,”. In other words, it aimed to enable smooth movement of cargo from the…
Everything You Should Know About Samsung’s Foldable phone In an era where it appears the smartphone industry has reached a stable point with most of the products from the major manufacturing Brands starting to look the same, it appears we have the next Big Step in innovation (insert drumroll) the Foldable SmartPhone. While other players in the game like Apple and Huawei have secured patents for foldable devices (with Huawei already teasing a foldable phone of their own days ago), at the forefront of this innovation is Samsung, with its Galaxy Fold. Samsung Galaxy Fold The Galaxy Fold which essentially…
I Korean manufacturer Samsung marks the 10-year anniversary of its Galaxy S phone series with the launch of the Samsung Galaxy S10, S10+, S10 5G and S10e. Samsung seeks to defend its title as the world’s top smartphone brand and with the impressive specifications on the new phones; edge-to-edge screens with almost no bezels at all, the incredible ability to wirelessly charge another device (as long as the other device has the wireless charge feature), Infinity-O displays that come with small circles to make room for front-facing cameras, the world’s first ultrasonic in-screen fingerprint readers, which unlock the phones via…
There are many online jobs which are up for grabs in Kenya. This is due to the penetration of digital technology. If you are looking for a job with a passive income without leaving your home, then you better check these jobs out. All you need is a laptop and a fast internet connection. So, here are the top ways of earning money online in Kenya. Content Translation and Transcription These jobs need listening as well as typing audio into text which can be read. These jobs are listed on various websites like Rev.com and Upwork.com. The compensation differs from…
Removing The Headphone Jack The Origin In September 2016, through to October of the same year, Apple released the iPhone 7 and 7 Plus worldwide. While Apple releasing new smartphones every year was no surprise, the shocker was the absence of the headphone jack on both devices. Their (Apple’s) reasons for the removal included making the devices waterproof (which many did not understand because Samsung had been doing that for years, with the headphone jack intact) and that the headphone jack did not fit into the phone (also a very hard pill to swallow because designing your own device means…
You Can Now reject invitations to WhatsApp Groups in The New Whatsapp Beta Depending on who you ask, WhatsApp Groups represent different things from informative, to a means of keeping in touch with a larger number of people at once, to being annoying and even downright unnecessary. Especially when it has to do with groups you very well do not want to be a part of. At all. Even with the pros/advantages groups bring, many WhatsApp users have expressed displeasure at the fact that anyone their phone numbers can invite them to groups, with or without their consent. What is…
