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Meta (about.facebook.com/Meta) is expanding the availability of  Facebook Reels (https://bit.ly/3p8lc9w) for iOS and Android to more than 20 countries across sub-Saharan Africa. Meta is also introducing better ways to help creators to earn money, new creation tools and more places to watch and create Facebook Reels. Prior to this launch Reels was available on Facebook in India, Mexico, Canada, the...
M-TIBA has partnered with the Kenya Association of Private Hospitals (KAPH) in a bid to expand their healthcare financing capabilities through provision of financing healthcare systems. The overall purpose is to utilize the M-Tiba platform to connect all the stakeholders and provide a safe, smart, and affordable way to manage a healthcare scheme. The partnership took place at the...
MarketForce (MarketForce360.com), the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announces the closing of a $40 million Series A round, the largest Series A round of it’s kind in East and Central Africa. The raise comes 7 months after concluding a pre-Series A round. The round was led by V8 Capital Partners -...
Absa Bank Kenya Plc and African Guarantee Fund (AGF) have inked a Ksh1.25 billion Loan Portfolio Guarantee Facility to boost credit accessibility for local small businesses, including start-ups. The guarantee line will be in place for a period of five years and avails up to Ksh100 million in single borrower limit. The partnership will enable Absa Bank Kenya to help...
Mount Kenya University (MKU) has signed performance contracts with staff members following what the varsity administration termed as an excellent execution of roles by all workers in a difficult social and economic environment as the Covid-19 pandemic raged last year. The chairman of the University Council, Prof David Serem, says the performance contracts will be the blueprint of the institution’s...
Premier higher education provider United States International University-Africa has introduced new undergraduate, graduate and postgraduate courses to meet evolving market needs, interim Vice-Chancellor Prof. Freida Brown has confirmed.   The courses spread across business management, science and technology, leadership and governance fields will be delivered using contemporary academic models, including online options.   Last year, USIU-Africa secured the Commission for University Education of...
Financial services consulting firm, Pricewaterhouse Coopers (PwC)says the recent high court ruling that rendered the Value Added Tax regulations, 2017 null and avoid affirmed that tax laws need to be validly enacted and enforced.   In a tax alert dated February 2022, PwC says “Tax law must be validly enacted and enforced. Failure to which creates an illegality. Where tax laws...
.Non-bank financial services firm Sanlam has announced the opening of the 2021 Sanlam Awards for Excellence in Financial Journalism, one of the leading initiatives in Africa, recognising exceptional business journalism since 1974.   This year, the judging panel will be chaired by a South Africa based Kenyan Communication Scholar, Nixon Kariithi, who will lead a bench of eight accomplished mass communication...
The Kenya Medical Supplies Authority (KEMSA) has confirmed the dispatch of assorted essential medical supplies all 47 counties countrywide as part of ongoing efforts to ensure the national scale-up of the Universal Health Coverage (UHC) programme. According to KEMSA Acting Chief Executive Officer Mr John Kabuchi, the Authority has ensured what he described as an "above-average" order fulfilment rate for...
Standard Chartered Bank Kenya in collaboration with Sanlam Investments East Africa Ltd (Sanlam) and Mangosteen BCC Pte Ltd (Bambu) today launched SC Shilingi funds, a low-ticket money markets fund proposition for Standard Chartered Bank clientele.   The 100% digital investment product available on the SC Mobile app allows clients to investment amounts of as low as KShs 1000, earn competitive interests and withdraw...

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