Standard Chartered Bank Kenya has reported an impressive 39.4% rise in profitability for the first quarter of 2024, with net income increasing to Sh5.6 billion from Sh4 billion previously. The growth was driven by higher income from loans and transactions, reflecting the bank’s robust financial performance amid challenging economic conditions.
Kenyan cybersecurity firm Kristel has expanded its footprint to Rwanda, Ethiopia, and Uganda to meet the increasing demand for cybersecurity services in the region. This expansion was announced during the unveiling of Kristel’s new look at Royal Tulip Canaan Hotel.
Payrails, a leading payment platform for global enterprises, has teamed up with inDrive, a prominent ride-hailing app, to revolutionize payment processing across the Middle East and North Africa (MENA) regions.
oday, the U.S. Trade and Development Agency (USTDA) signed a grant agreement with Kenyan technology company Semiconductor Technologies Limited (STL) for a feasibility study to develop a new semiconductor fabrication facility.
Mastercard and the African Development Bank Group have launched the Mobilising Access to the Digital Economy (MADE) Alliance: Africa, an ambitious initiative aimed at providing digital access to 100 million people and businesses across Africa within the next decade.
The University of Nairobi (UoN) is poised to establish an Artificial Intelligence (AI) school, marking a significant step towards creating skilled manpower for the future. Speaking on Citizen TV, UoN Chancellor Prof. Patrick Verkooijen announced that the university will soon offer the first-ever AI master’s degree, aimed at equipping students with cutting-edge skills in this transformative field.
Boeing has announced the establishment of its African headquarters in Addis Ababa, Ethiopia. This strategic decision underscores Ethiopia’s prominence in the aviation industry and highlights its exceptional safety records and extensive travel destinations, led by Ethiopian Airlines.
