Kenya is witnessing a significant surge in interest in artificial intelligence (AI), ranking fourth in Africa and 13th globally in AI-related searches this year. This uptick in curiosity underscores a growing awareness and engagement with AI technology across the country.
Access Bank Plc is on the brink of a significant expansion in East Africa as it nears the acquisition of National Bank of Kenya (NBK). The Nigerian banking giant has entered the final stages of this strategic move, pending approvals from the Central Bank of Kenya and the Competitions Authority of Kenya. This acquisition is a key part of Access Bank’s five-year plan to enhance its presence in Kenya and solidify its role in the East African trade corridors.
Kenya’s Lillian Kariuki has been appointed to TikTok’s newly established Safety Advisory Council for Sub-Saharan Africa. This announcement was made during TikTok’s Safety Summit in Nairobi, marking a significant step in the platform’s efforts to enhance safety measures across the region. Kariuki is among eight distinguished members chosen for their expertise and commitment to fostering a secure online environment.
A new cross-border payment platform focused on the Afro-Asian corridor is preparing to launch in Kenya, promising significant changes for local traders. Pyxis, a financial technology company, is finalizing a deal that will allow Kenyan traders to pay for Chinese goods through Alipay, the payment system affiliated with Alibaba. This advancement aims to simplify transactions by eliminating the need for dollar conversions, potentially boosting the use of the Chinese yuan in international trade.
Moja EV Kenya is intensifying its marketing efforts for the Neta electric vehicles, focusing on taxi drivers in the coastal region to expand its presence in Kenya’s automotive market. The Chinese firm, which serves as the distributor for Neta in Kenya, is capitalizing on the growing awareness of the economic and ecological benefits of electric vehicles among Kenyans.
NCBA Group has reported a notable 5 percent increase in net profit for the first half of 2024, reaching Sh9.8 billion, up from Sh9.4 billion in the same period last year. This growth was primarily driven by enhancements in customer experience and operational efficiency, showcasing the Group’s ability to navigate a challenging economic landscape.
AMG Realtors has made a significant move by announcing its venture into the American market with the launch of a land investment offering in Dallas, Texas. This new project, named Kenya One, is designed to cater to a diverse range of buyers, including first-time home buyers, growing families, and retirees. The choice of Texas for this expansion is strategic, driven by the state’s robust economy, business-friendly environment, and exceptional growth trajectory.
Dorcas Oduor, has made history as Kenya’s first female Attorney-General, officially sworn in on August 20, 2024. Her appointment marks a significant milestone in Kenya’s legal landscape, reflecting the growing inclusivity within the country’s top legal positions.
