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StanChart Profits up

Staff Writer - March 15, 2023

Standard Chartered Bank Kenya Limited has released its results for the year ended 31 December 2022. Kariuki Ngari, Chief Executive Officer, said: “We have...

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The Common Market for Eastern and Southern Africa (COMESA) on Thursday launched its electronic certificate of origin system in Kenya, aiming to digitize trade procedures and ease intra-regional trade by cutting costs and delays linked to manual certification. Christopher Onyango, director of trade and customs at COMESA, told journalists in Nairobi, Kenya’s capital, that the new digital system is expected to streamline customs procedures, reduce red tape, and boost intra-regional trade by allowing exporters and customs authorities to process certificates of origin electronically. “The electronic certificate of origin will replace manual certificates and reduce clearance times at border crossings,” Onyango said, adding that goods originating from COMESA member states qualify for preferential tariff treatment. Josephine Makokha, rules of origin manager at the Kenya Revenue Authority, said Kenya joins Eswatini, Malawi, Zambia, and Zimbabwe in rolling out the system. She noted that the platform simplifies the application, issuance, exchange, and verification of certificates. Makokha added that the online certificates will be transmitted in real time among COMESA member states, enabling customs authorities to reduce the bureaucracy involved in cross-border trade. Visited 115 times, 7 visit(s) today

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The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) hosted a spectacular celebration of African women’s excellence at the2025 AWIEF Awards, held on Friday evening at the Cape Town South Africa. The glittering gala honoured women entrepreneurs and leaders driving innovation, sustainability, and inclusive growth across the continent. Eight exceptional winners were announced, each representing the transformative power of women-led initiatives in Africa. Since its inception in 2016, the AWIEF Awards have been a beacon of recognition and inspiration for women in business and leadership. Beyond celebrating success, the Awards aim to empower the next generation of innovators and changemakers, fostering a vibrant pan-African community of collaboration and impact. This year’s winners and finalists came from across Africa, showcasing diverse industries including technology, agriculture, energy, creative arts, and social entrepreneurship — united by a shared vision of advancing Africa’s growth through innovation. The Awards followed the two-day AWIEF2025 Conference, which attracted over 500 delegates from 50+ countries for engaging discussions, exhibition, masterclasses, and networking sessions. The event concluded with the highly anticipated awards gala dinner, marking a fitting finale to two days of knowledge sharing and inspiration. 2025 AWIEF Awards Winners Young Entrepreneur Award Norah Kimathi – Zerobionic, Kenya Empowerment Award Mampho Sotshongaye – Golden Rewards 1981, South Africa Energy Entrepreneur Award Nidal Tafah – MIRRIAH, Morocco Creative Industry Award Soraya da Piedade – Soraya da Piedade LDA, Angola Social Entrepreneur Award Farana Boodhram – MiDesk Global, South Africa Agri Entrepreneur Award (Sponsored by OCP Africa) Linda Davis – Giraffe Bioenergy, Kenya Tech Entrepreneur Award Maryanne Gichanga – AgriTech Analytics, Kenya Lifetime Achievement Award Audrey Joe-Ezigbo – CEO, Falcon Corporation, Nigeria Voices of the Winners For Soraya da Piedade, founder of Soraya da Piedade LDA and winner of the Creative Industry Award, the recognition marks a defining moment in her journey as a designer and entrepreneur. “I’m deeply honoured and grateful to AWIEF for creating platforms like this, where we celebrate women’s creativity and leadership,” said Soraya. “This award reminds me that when we create from a place of passion and purpose, we not only build brands but also inspire others to dream bigger.” From Kenya, Linda Davis, founder and CEO of Giraffe Bioenergy and winner of the Agri Entrepreneur Award, described the moment as “surreal.” “It’s my first time winning an award like this, and I am beyond excited,” said Davis. “AWIEF has given women like me a powerful space to share our work, connect with others, and be recognized for driving change in our communities. This win belongs to every woman farmer and entrepreneur working to build a sustainable Africa.” About the 2025 AWIEF Awards Finalists This year’s finalists included inspiring women from across Africa — from tech innovators in Botswana and Uganda to social impact leaders in Somalia, Kenya, and Zimbabwe — highlighting the depth and diversity of women’s entrepreneurial excellence on the continent.

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Kenya’s cloud and artificial intelligence boom may be entering its most consequential phase yet, as new data suggests local consultancies, AI startups and systems integrators stand to earn dramatically more from Amazon Web Services (AWS) than previously understood. A study by US-based research firm Omdia reveals that AWS partners worldwide can now generate “up to a $7.13 (Sh900) multiplier for every $1 (Sh130) of AWS sold,” a figure with enormous implications for East Africa’s technology ecosystem. The report, titled "Partner Ecosystem Multiplier: The AWS Opportunity 2025," was released on the sidelines of the AWS: Re-Invent event in Las Vegas, Nevada, which kicked off on December 1 and ends on December 5. It reached this conclusion after Omdia conducted in-depth interviews with 35 AWS partners across various geographies and partner types. The report’s central argument is blunt: in a region where businesses are hungry for automation, resilient infrastructure, and AI-powered customer engagement, the biggest revenue doesn’t come from selling cloud technology itself. Instead, it comes from the advisory, design, build, adoption, and managed services wrapped around it, the same areas where Kenyan firms have sought to differentiate themselves. “In the new era of AI, Omdia has forecasted a services opportunity tied to generative and agentic AI of $267 billion by 2030,” the research notes, positioning partners as the engines of this expansion. With Kenya’s financial institutions, telcos, and public agencies accelerating cloud migrations, the findings sharpen the conversation about who will capture the next decade of revenue. Kenyan companies already recognize the shift. For years, Kenya’s cloud market has revolved around foundational migrations: moving banks off aging data centres, helping enterprises modernize digital infrastructure, or building customer-facing platforms with elasticity and scale. But companies across Nairobi’s tech districts, from Westlands to Upper Hill to Ngong Road, are now repositioning their services for an AI-first world. The Omdia numbers help make the business case. The report states bluntly that 82 per cent of AWS partners are now delivering some form of AI as part of their transformation delivery, a seismic shift that mirrors Kenya’s adoption pattern: AI chatbots in banking, machine learning in fraud detection, recommender engines in e-commerce, and predictive analytics in agriculture and logistics. “Amazon Web Services (AWS) continues to be the market-leading provider of public cloud infrastructure in terms of market share. For customers to unlock the full opportunities of AI in their public cloud environments, they lean on a wide variety of services and expertise from their technology providers, specifically the partners within the AWS Partner Network.”

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Bolttech said the acquisition will allow it to integrate mTek’s technology into its global embedded insurance ecosystem. Stephan Tan, Chief Executive Officer for EMEA at bolttech, said, “This represents an exciting step forward for bolttech as we expand our footprint in Africa. mTek’s innovative platform and talented team share our vision of using technology to make protection more accessible.” “Together, we can accelerate digital transformation in insurance and extend the reach of embedded protection across the region.” mTek’s leadership will remain in place during the transition, with CEO Bente Krogmann continuing to oversee East African operations. Krogmann said the deal sets up the company for wider regional expansion. “Joining the bolttech family marks an exciting next chapter for mTek. Our technology, local insight, and commitment to inclusive insurance have transformed how customers access protection in Kenya, and this partnership allows us to scale that impact even further – bringing more innovative and relevant insurance solutions to customers at scale.” The company is expected to rebrand following the acquisition, as the firms work on integrating systems, staff, and partnerships.

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StanChart Profits up

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COMESA unveils e-certificate of origin system to spur intra-regional trade

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