Author: Kaluka wanjala

Infinix has today announced the launch of yet another smartphone in Kenya. This new phone, The Infinix Note 11 will be available in two variants, the standard Infinix Note 11 and the Infinix Note 11 Pro. The Infinix Note 11 series is the successor to the Note 10 series that we saw and reviewed earlier this year. The Infinix Note 11 Series is Now Available in Kenya Starting From Ksh 22,500 for the standard Note 11 and Ksh 28,500 for the Infinix Note 11 Pro. As expected, the Pro variant has slightly better specifications that might appeal to certain users…

Infinix will be launching its latest smartphone, the Infinix Note 11 Pro, in Kenya tomorrow. This is the latest in the Note series and will be coming to the market less than 6 months since we saw its predecessor, the Infinix Note 10. The Note 10 series was a good line-up for the company and with the Note 11 series, the company hopes to take that further. The Infinix Note 11 Pro will be powered by Android 11 out of the box with XOS 8 and will come with a massive 5,000 mAh battery. The Infinix Note 11 Pro joins…

Leading Systems Integrator and Managed Services Provider, Dimension Data has challenged small and medium enterprises (SMEs) to re-think their approach to digital transformation and consider cyber security as an integral part of their business operations. According to the company, a reluctant predisposition to cybersecurity has made SMEs a primary and easy target for cyber-attacks. The impact of these breaches is detrimental to the operations of the business, a disruption that small businesses cannot afford in the current climate. Recently, Central Bank of Kenya released the Kenya Financial Sector Stability Report 2020, that shows SACCOs, the most recent and aggressive adopters…

Against a background of COVID-19 pandemic and its consequent disruption of global economic activities with the resultant social disruptions, Equity Group Holdings has demonstrated a resilient, versatile business model, leadership agility, innovation and diversification capability and strength of strategy to report an 85 % growth in profit before tax, a 27% growth in total assets and a 25% growth in total income. Resilience in execution of an offensive and defensive strategy saw regional subsidiaries grow their Group contribution to deposits to 42% up from 40%, revenue to 37% up from 30% and profit before tax to 26% up from 21%.…

InstaFrom intelligent refrigerators that detect your food is running low to TVs that switch to your favorite show when you enter the room, the concept of smart homes is becoming popular as people re-think how they spend time indoors with family and friends. To a great extent, our lives revolved around home. We want to experience comfort and serenity within our most treasured personal spaces. Plus, there is something nostalgic about the place we call home. As someone said, “Home is where love resides, memories are created, friends always belong and laughter never ends.” However, home is not just a…

Earlier this year, Rolling Stone Magazine reported that paid music streaming subscriptions in the US experienced their biggest year-on-year jump in 2020. Some 15 million people signed up for various platforms for the first time, bringing the total number of paying North American subscribers to more than 75 million people. This astronomical rise of interest in music streaming isn’t unique to the US. In South Africa, leading market and consumer data provider Statista projects that the local music streaming segment will be worth US$55 million in 2021. That revenue is expected to grow by almost 13% every year, resulting in…

Safaricom has unveiled a new campaign dubbed Mwelekeo Ni Internet, which will see the service provider introduce new data offers, add more affordable 4G devices to the Lipa Mdogo Mdogo device financing plan and showcase the transformative power of the Internet. Through the campaign, the telco aims to bring more Kenyans into the digital sphere by educating them on the power of the internet and showcasing how it can transform their lives. “With more Kenyans going online for everything, from studying to business to social networking, we see an opportunity to narrow the access gap and connect even more people…

LG Electronics today announced third-quarter 2021 consolidated revenues of USD 16.23 billion (Ksh 1.752 trillion), an increase of 22 percent from the same quarter last year, and the highest quarterly revenue in the history of the company. Growth in sales of premium home appliances and entertainment products such as OLED and large screen TVs powered the strong Q3 2021 performance, shrugging off supply chain constraints especially semi-conductors, due to the impact of Covid-19. Profitability also increased significantly during the quarter but was partially offset by a one-time charge. Operating profit of USD 466.99 million (Ksh. 50.42 billion) was 49.6 percent…

Equity has once again been named among global giants in banking. The Kenyan lender has been ranked position 39 globally on return on assets, position 71 on return on capital, and position 149 on soundness (Capital Assets to Assets ratio), in the Top 1,000 World Banks 2021 by The Banker magazine. This evaluation is derived after analysing banks through eight categories: growth, profitability, operational efficiency, asset quality, and return on risk, liquidity, soundness, and leverage. Overall, Equity was ranked 22nd in Africa and 761st globally based on its Tier 1 capital base of USD 1,096 million. Equity’s exemplary performance in…

Microsoft has announced more than 90 new services and updates that highlights the organization’s commitment to addressing the trends and exploring breakthrough ways of connecting people, organizations, and ideas in the increasingly digital world. This was announced at the ongoing Microsoft Ignite 2021, a worldwide event that brings together over 100,000 executives to experience the company’s latest and greatest technologies while also receiving a sneak peek at upcoming products and services that will be available in the future. “Microsoft Ignite is an opportunity for us to show the results of our efforts across a wide spectrum of products in several…