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.
During the 62nd Annual General Meeting of the Kenya Bankers Association (KBA), held recently, Credit Bank’s CEO, Betty Korir, was appointed as the Vice Chair of the industry’s apex governing body. Her appointment marks a significant milestone, as she becomes only the third female vice chair in the association’s history, underscoring the sector’s commitment to promoting gender inclusivity in leadership.
Visa has launched an exciting campaign offering three lucky NCBA Visa cardholders and their companions an unforgettable experience at this year’s Olympic Games in Paris. This “spend and win” initiative not only promises a fully paid trip valued at over Kes. 400,000 per winner but also presents a chance for cardholders to win NCBA Visa branded merchandise by simply using their cards for purchases.
NETSCOUT has extended its partnership with Vodafone in a multi-year agreement aimed at optimizing the performance of Vodafone’s networks to benefit its customers. Leveraging NETSCOUT InfinistreamNG technology, the partnership focuses on providing real-time, end-to-end visibility and monitoring solutions across Vodafone’s physical and virtual network environments, including 5G Standalone capabilities.
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.
