ARM Cement in Sh 6.5 Billion loss

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ARM Cement in Sh 6.5 Billion loss

Special Correspondent - June 2, 2018

ARM’s net losses widened 2.3 times to Sh6.5 billion in the year ended December on the back of lower sales and thinner profit margins. The...

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Smartphone For All (www.SmartphoneForAll.ai), a business committed to digital inclusion, has won the 2025 Pinnacle Awards (Telecoms and Wireless Category) Digital Inclusion & Accessibility Champion and the 2026 Merit Award (Telecoms and Wireless) Digital Divide. The Pinnacle Awards is a reputable global program honoring innovation and excellence across industries. According to Katie Lang, Executive Director of the Pinnacle Awards, “The Telecom and Wireless Sector continue to set the pace for innovation, connecting people and businesses worldwide. We are proud to recognize the organizations that exemplify ingenuity, reliability and impact in one of the most dynamic industries on the planet”. In the same vein, Marie Zander, Executive Director of Merit Awards states that “this year’s winners reflect excellence across the ecosystem—demonstrating the technologies and strategies that are shaping the future of communications”. Smartphone For All had earlier in the year 2025 unveiled an ambitious campaign to bridge Africa’s digital divide by providing affordable, high-quality smartphones and connectivity and AI at the edge to consumers who are excluded from the digital world across the continent. Established on the belief that exclusion from the digital ecosystem locks people out of opportunities and lifestyle enhancements. Smartphone For All aims that every individual—regardless of income, geography, or background- can fully participate in the digital economy and the evolving AI transformation. According to Mr. Babatunde Osho, Founder/CEO of Smartphone For All, “The digital divide is not just a technology gap—it’s an opportunity gap. When someone does not have access to a smartphone, they are cut off from education, jobs, healthcare, financial services, and even their own voice. Our mission is to close that gap, one device at a time and build Africa’s largest digital inclusion platform. We are glad that the Pinnacle and Telecom & Wireless Awards have recognized what we are doing to improve digital inclusion and accessibility in Africa” Smartphone For All partners with MNOs to provide smartphones to 2G/3G subscribers who cannot afford 4G smartphone across Africa. The initiative was launched with MTN in South Africa in May 2025 for an initial period of one year with a smartphone device at ZAR 99 or $5. The plan is targeting about 1.2m devices. The vision of Smartphone for All is to take the offering to other African countries like Cote D’Ivoire, Nigeria, Ghana, Kenya, Tanzania and other markets. Apart from the benefits for the subscribers, there are obvious MNO benefits of better spectrum utilization with 4G+ networks over legacy 2G/3G networks. For regulators and government, the benefits include productivity enhancements and digital inclusion among citizens. According to a report from the Economist Intelligence Unit, 10% growth in broadband connectivity results in 1.4% growth in GDP in low- and middle-income countries and 1.2% growth in high income countries. African countries like South Africa are actively incentivizing this growth through policies like a ban on new 2G/3G device activations starting from December 31, 2024, and a complete shutdown by December 31, 2027. The government has also reduced taxes on certain classes of smartphones to drive adoption. According to Jeff Miller, Director at Smartphone for all, ‘Smartphone For All is not just a business, it is a movement powering Africa into the next phase of development. Digital access is the foundation of inclusion in commerce, wellbeing and civic engagement. The pathway to growth for Africa is to bring more Africans into the digital ecosystem spanning financial, educational, public health, trade and other streams of innovation.’

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Canon Europe (www.Canon-Europe.com), in partnership with Visa pour l’Image, announces two grants to support long-term documentary projects both in the photography and filmmaking space. Championing the very best in storytelling, the 26th Canon Female Photojournalist Grant celebrates an outstanding photographer in recognition of her contribution to photojournalism, whilst the 7th Canon Video Grant acknowledges those wanting to magnify a social, cultural or economic issue in documentary form. The grants are open to individuals worldwide. Canon Female Photojournalist Grant For the 26th year in a row, Canon and Visa pour l’Image will award an €8,000 grant to a female photojournalist pursuing a long-term documentary project. The grant is designed to either support the completion of an existing project or facilitate the making of a new one. Entries will be judged by a jury of renowned industry experts. In 2025, French photojournalist Marion Péhée was awarded for her long-term project documenting young adults in Ukraine. Former grantees (https://apo-opa.co/41JgwcU) include Anastasia Taylor-Lind, Natalya Saprunova and Acacia Johnson. Canon Video Grant Alongside this, Canon together with Visa pour l’Image are seeking documentary filmmakers for the 7th Canon Video Grant. In 2025, Shiho Fukada, photojournalist and filmmaker, was awarded for her project ‘Echoes of Little Tokyo’, focusing on a fifth-generation funeral home serving Los Angeles' Japanese-American community. The grant winner will receive €8,000, along with a loan of video kit including a Canon video camera and two lenses to make a short documentary of approximately eight minutes in length. Both grants form part of a long-standing partnership between Visa pour l’Image and Canon, celebrating its 37th anniversary this year. The winning projects of 2025 (Marion Péhée and Shiho Fukada's projects) will be presented at this year’s Visa pour l’Image festival in Perpignan, France. How to apply Canon Female Photojournalist Grant: Application window: 18 March – 19 May 2026 Granted to professional photojournalists actively working in the field Worldwide submissions accepted Entry is free Apply here: https://apo-opa.co/4tfKRf4 Canon Video Grant: Application window: 25 March – 27 May 2026 Granted to professional documentary filmmakers actively working in the field Worldwide submissions accepted Entry is free Apply here: https://VisaPourlImage.com

Canon’s Female Photojournalist Grant and Video Grant Now Accepting Applications

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Sending money to Canada has been harder than it should be. Wire queues, unpredictable fees, days of uncertainty, whether you’re supporting family in Ontario, paying a Canadian contractor, or settling a business invoice. Starting today, Grey (https://Grey.co) users can send Canadian Dollars directly to any Canadian bank account, arriving in minutes via Interac for $3.00, or the next business day via bank transfer for $2.50. No percentage fee. No wire delays. Canada is home to one of the world’s most diverse diaspora populations, with communities from Nigeria, India, the Philippines, and other emerging markets deeply connected to their homes. The corridor has been dominated by legacy services that charge $15-30 on a typical $500 transfer and settle in days. Grey's flat fee and Interac delivery address both problems at once. The Interac integration matters more than the price. Interac is the payment rail built into the daily financial life of virtually every Canadian bank account holder, the same network used for everyday domestic payments. When Grey settles through Interac, the transfer doesn’t enter a wire queue. It moves the way domestic payments do: fast, confirmed, and predictable. Recipients don’t need a new app or account. The money arrives at the bank, where they already have an account. "Canada kept coming up. From Lagos to Mumbai to Manila, our users had someone in Canada they needed to pay, but no good way to do so. Expensive wires, slow settlement, no certainty. We fixed that,” said Idorenyin Obong, CEO and co-founder of Grey. The service supports all Canadian banks for both personal and business accounts and joins Grey's local-currency transfer network across 170+ destinations. Users can send from USD, EUR, GBP, or NGN balances, with individual transaction limits of $10,000 CAD and business limits of up to $100,000 CAD via bank transfer. Grey holds a Money Service Business license from FINTRAC in Canada and FinCEN in the USA.

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Tag: ARM

ARM Cement in Sh 6.5 Billion loss

MOST POPULAR

NBK Posts Ksh828 Million in profits

Manyatta Boys and Ndhiwa Queens crowned Chapa Dimba Na Safaricom Nyanza...

Goodwell invests in SOUK Farms to scale sustainable agricultural production across...

Kakuzi is training its avocado export sights on the US market

HOT NEWS

Safaricom’s True Value Rises to 12 percent

Kaspersky Records Over 2 Million Phishing Attacks in South Africa, Kenya...

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EDITOR PICKS

Smartphone For All wins the Pinnacle Awards (Platinum) and Merit Awards...

Canon’s Female Photojournalist Grant and Video Grant Now Accepting Applications

Grey Connects the Africa-Canada Money Corridor With Instant Transfers via Interac

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

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