Riara University, a leading private institution, has commenced construction of its new campus at the Konza Technopolis. The Ksh 20 billion project marks a significant milestone for the university, which aims to expand its educational offerings and nurture future innovators.
Bolt announced the successful achievement of its Ksh.10 million fundraising goal to assist flood victims in Kenya. This remarkable milestone was reached through the ‘Flood Assist’ category, where 5% of each ride’s revenue was directed to the Kenya Red Cross Society.
Mimecast, a leading email security company, has appointed Khetan Gajjar as its new Field Chief Technology Officer (FCTO) for Europe, the Middle East, and Africa (EMEA). Bringing over 25 years of expertise and leadership, Gajjar is set to drive innovative cybersecurity strategies across the region.
Jubilee Insurance has announced the launch of the 2024 edition of the Live Free Art Competition, offering Kenya’s school-going children a chance to compete for scholarships worth three million shillings. Last year saw over 10,000 students from 300 schools across 19 counties participate, and this year aims to draw 15,000 entries from Grades 1 to 4 under the Competency Based Curriculum (CBC).
The United States Department of Energy has unveiled ambitious investment plans to bolster Kenya’s transition to green energy, with a focus on e-mobility and clean power generation. Deputy Secretary David Turk highlighted Kenya’s exceptional potential in renewable energy, with 93% of electricity already sourced from renewables, including world-leading geothermal resources.
Kenya is set to revolutionize its business climate with the introduction of a single online portal for foreign investors to apply and register nearly all business permits. This strategic move aims to enhance the ease of doing business and reduce regulatory costs for new firms.
Kenya’s horticulture exports have shown impressive growth in the first quarter of 2024, marking a 14.3% increase compared to the same period in 2023, according to recent data released by the Central Bank. The country earned 45.1 billion shillings (approximately 351 million U.S. dollars) during this period, up from 307 million dollars in 2023, driven by expanded shipments to European and Asian markets.
Nvidia briefly claimed the title of the world’s most valuable company this week but has now ceded it back to Microsoft after a slight dip in its share price. With a market valuation of $3.34tn at its peak, Nvidia’s dominance in AI chips propelled it to the top spot, albeit briefly. However, a 3.5% drop in its shares on Thursday saw its value decrease to around $3.22tn, allowing Microsoft to reclaim its position above $3.3tn.
