Jubilee Asset Management, a subsidiary of Jubilee Holdings, has introduced a new dollar-denominated fund, the Jubilee Money Market Fund (USD). This fund is now accessible to both retail and institutional investors with an initial minimum investment of $1,000 (Sh130,000) and requires minimum top-ups of $500 (Sh65,000).
Equity Bank Group has announced a landmark Sh2.8 billion scholarship fund aimed at supporting 113 students admitted to top global universities. This significant initiative is part of the Equity Leadership Program (ELP), the bank’s social arm dedicated to fostering educational excellence.
SEACOM, marking its 15th anniversary of enhancing connectivity across Africa, has announced a key leadership change. Sajid Khan, formerly managing director of SEACOM’s East Africa division, has been appointed as the managing director for group digital services.
Meta has announced the launch of two new monetization features for eligible creators in Kenya: In-Stream Ads on Facebook and Facebook Ads on Reels. These features are designed to help creators earn revenue by producing original video content and building their communities on the platform.
mTek, a leading digital insurance platform based in Kenya, has forged a strategic partnership with BuuPass to offer travel insurance coverage for travelers. This partnership aims to protect travelers against any travel-related damages, simplifying the insurance process and providing a seamless, integrated option within the BuuPass platform.
Government revenues from aviation activities surged by 59 percent in the year to June 2023, driven by a significant increase in passenger numbers and flight operations. Airports across the country managed more than 11 million passengers, with flights reaching their highest level in four years, reflecting a robust recovery from the impacts of the Covid-19 pandemic.
Georgina Mukami Odhiambo has been appointed as the new Head of IT Retail Banking at NCBA. With over 15 years of extensive experience in the banking sector, Georgina brings a wealth of knowledge and expertise to her new role. Her journey in the banking industry has been marked by significant achievements and contributions to various institutions.
Apple has made a groundbreaking move in the AI field by fully embracing open-source principles with the release of their DCLM 7B model. This development marks a significant shift in Apple’s strategy, as the tech giant has traditionally been known for its proprietary approach. The DCLM model is now open-source, including not just the model weights but also the training code and dataset, a major step towards transparency and collaboration in the AI community.
