Nairobi, Kenya 8 Aug 2019 – Little Ride Kenya has launched the first Health Insurance covers for its drivers in the Kenyan market in partnership with APA Insurance and MicroEnsure, a leading provider of micro insurance in emerging markets.
The cover will cater for costs such as payment of their medical bills, transport to hospital, compensation for lost income, in addition to cover for funeral expenses.
Little Ride drivers who are unable to work due to being hospitalised claim a daily benefit of up to Sh2,000.
In addition, the product also covers up to Sh50,000 personal accident benefit and funeral expenses up to KES 50,000 upon death of the insured.
Speaking during the official launch of the automated insurance solution, APA Chief Executive Officer, Catherine Karimi said “Through our partnership with MicroEnsure and Little Cab, APA Insurance is bringing affordable healthcare and funeral cover to Little Cab drivers. By offering access to these services we improve the lives of the drivers and their families and reduce the overall healthcare costs for everyone. APA Insurance is committed to providing affordable insurance to all income groups in Kenya.”
All claim benefits are paid to the beneficiary’s mobile money wallet.
“We are delighted to be partnering with Little Cab and APA Insurance to further MicroEnsure’s mission of providing innovative, ground breaking insurance solutions to the mass market across Africa with products and services that have the power to truly transform and improve lives,” saidKiereini Kirika, MicroEnsure, Regional Director, East Africa.
As a way of promoting the global agenda of Universal Health Coverage (UHC), the cover offers Little Cab drivers the freedom to visit any of the over 4,000 NHIF accredited hospitals and clinics across the country, to easily access medical care.
“This product does not only provide insurance benefits, but also offers simplicity for the drivers who are always mobile. With just a single tap, drivers can enrol onto the product and also submit a claim using the Driver App,” said Alex Mwaura, GM – Little Cab. “This is part of Little Cab’s commitment to help our drivers to improve and safeguard their health and wellbeing, as well as that of their family members. With an affordable premium and fully automated process, this partnership gives our drivers convenience and a peace of mind that they have coverage at all times.”
The insurance programme is being rolled out nationwide and will be available to all Little Cab drivers in Kenya and soon to be rolled out across East Africa.
Nairobi, June 17-Tala, the consumer lending app in emerging markets, has disbursed loans to over 2.5 million customers globally. This was revealed during the celebrations to mark the company’s five year anniversary.
Speaking during the launch of ‘Tala at 5’ celebrations, the head of Tala’s Kenya business, Ivan Mbowa, said that Tala has changed the way people and small businesses operate and has become a major vehicle for progress throughout the country.
“Financial inclusion is an important condition for sustainable and equitable growth. Over the past five years we have witnessed first-hand the socio-economic impact of digital lending amongst households and micro-entrepreneurs,” Mr. Mbowa said. “With over 90% loan repayment rate, Tala has been the difference for millions of Kenyans hustling their way into the global middle class. Their trust in us is measurable and reflected in our top Google Play store ratings, referrals to family and friends and consistent calls from customers for more products and connection to their lives.”
Tala remains the largest non-bank fintech in the market having pioneered the use of non-traditional credit underwriting to create financial identities and provide much-needed liquidity for the underbanked.
“We have made significant progress in the past five years. Our loyal customer base has been growing steadily and we have managed to retain our leading market share notwithstanding growth and competition in the industry,” said Shivani Siroya, Founder and CEO of Tala. “We take pride in the work we have been doing, and as we face the future, we are well positioned to connect millions of Kenyans to financial services that can advance their lives.”
The success of Tala not only means financial access for those who have never had it, but also economic development for whole markets, as it creates a pathway for aspiring Kenyans to take control of their financial lives.
Fintech has brought a new paradigm to the design and implementation strategies for financial inclusion. In Kenya, the last five years have been characterized by a surge in Fintech growth with parallel progress in financial inclusion. Tala has been at the forefront of the digital revolution, transforming financial services especially for those who have little or no formal credit history.
Looking ahead, Tala will continue playing a crucial role in providing life-changing financial support in Kenya and around the world. “Our credit product was designed to meet the immediate needs of the emerging middle class, but our technologies have the power to fulfill so much more. We are set to launch a number of initiatives intended to accelerate the development of products and service solutions that have the potential to transform financial services,” Mr. Mbowa said.
“While technology is a big component, customer experience is the foundation underlying our success. To catalyze the expansion of accessible financial services for all, products must be developed with the customer at heart,” Mr. Mbowa added.
With an established customer base in Kenya, Tanzania, the Philippines, India, and Mexico, Tala is also looking at cementing its leading position while expanding to several other countries in the next five years.
Nairobi, June 17- Fine Edge Media, an innovative and ground-breaking 360-degree media publishing house is set to officially launch in the market at the end of June.
The Creative Media house will be responsible for publishing 14 Magazine publications namely; MoneyBoss Magazine, EdgeAfrica Magazine, EdgeWoman Magazine, Styles Magazine, Czara Magazine, Soul Mate Magazine, GizmoAfrica Magazine, Edge Property Guide, Voice & Brand, Krazy Weekender, Shoppers review, GameSwag Magazine, Entreprize Magazine and PureMotion Magazine that will be available both in print and online editions.
Each issue will aim to have 80% of its content focused on telling African stories exclusively, with the article format being; profiles of companies, private investors, business leaders, entrepreneurs, the world of technology today, Products & Brands as well as insightful statistics about the market and the region’s business landscape.
Speaking while announcing the upcoming launch, Fine Edge Media CEO Mr. Paul Wachira highlighted the revolutionary ambitions by the publisher in the region.
“Our entry into the East African industry signals a change in provision of informative and entertaining content across the region. Our outlook is wide-reaching, and with the brands and solutions that we offer, there is no sky too high”, said Mr. Wachira.
“We aim to be a top media publishing house, offering access to journalistic expertise, digital innovations and branding creativity, comparable to no other on the continent,” added Mr. Wachira.
The Premiere issue of the magazines will be released on the 27th of June with a target distribution of 30,000 outlets, with the subsequent issues scheduled to be released on a monthly basis.
The key focus for them will be; business, technology, financial markets, entrepreneurship, personal finance, sports, Investing, Technology, Politics, Leadership, Entrepreneurship, Small Business, Cloud Computing, Security, Management, etc.
“We have invested heavily in this business in an effort to bridge the gap that currently exists in the market in terms of offering 360 degrees solutions ranging from content creation to publishing and distributing the same”, added Mr. Wachira.
The pioneering Media and publishing house aims to provide a range of solutions ranging from print publications, creative design, animation, PR & Event management, and audio-visual production.
Alongside this, Fine Edge Media is also set to launch an interactive website for all the publications as well as mobile apps for each publication
NAIROBI, Kenya, Jun 17 – Kenya is set to host the London based InsurTech conference that is coming to Africa for the first time, in July this year.
The conference dubbed Africa 3.O is the first conference outside of London organized by MarketMinds. The event is in partnership with the UK government and will be held on 15th and 16th July, 2019. Our local marketing and logistics partner is Evolution East Africa and TheCure Agency Communications firm are providing PR services.
The two-day event will provide the first platform for tech start-ups in the East African Region specifically in health, agriculture and frontier InsurTech to collaborate with incumbents to seek solutions for challenges facing the insurance sector.
The event themed ‘Sealing the Insurance Gap’ will also look at ways governments and regulators will enable insurance innovation in the region.
The move comes at a time when the insurance penetration in the continent continue to lag behind globally. The current insurance penetration in Africa stands at 3.5 percent with South Africa leading the continent with a penetration of 17 percent against a global average of 6.28 percent.
Kenya’s penetration is currently at a staggering 2.93 percent.
“We are very excited to be launching Africa 3.0 – a new insurance ecosystem – on July 15th and 16th in Nairobi with the UK Government. Africa, Kenya is a global leader in tech, we’ve got a world class line up and united purpose to seal the insurance gap – if you are in AgTech, HealthTech or InsurTech, this is the forum for you to partner with the leading insurance companies in the region,” said Sebastian De Zulueta Founder, Market Minds.
According to Insurance Outlook report 2018 by Delloite, the East African insurance market offers vast growth potential, although there are inefficiencies in the value chain that significantly affect shareholder returns. The reports add that insurers should consider financing and buying InsurTech start-ups for services that include mobile technology to reduce claim adjudication time, drones to improve claim and risk evaluation; interactive websites, making real-time digital sales, IoT technology (wearables; home, car, and commercial sensors) to improve pricing, underwriting, and claims management, among others.
The event is targeting over 200 tech start-ups and investors.
“East Africa Tech start-ups will have an opportunity to pitch for funding and partnership opportunities for their businesses during the conference. An ecosystem of new partnerships between the tech sector, insurance and broader financial services is critical to deliver the enormous growth opportunities that serve the needs of the consumer and engage tech entrepreneurs, incumbents and investors alike,” de Zulueta added.
Key Speakers at the conference include: Efosa Ojomo, Global Prosperity Lead at The Clayton Christensen Institute & co-auther of The Prosperity Paradox, Rehan Butt, Group Business Director MicroEnsure, Dr. Tom Herbstein Insurance Prosperity Specialist Department for International Trade, Zach Oloo Founder and CEO Changamka MicroInsurance, Fanie Hattingh Founder and CEO Health Solutions Africa, Michael Macharg Special Advisor, International Mobilization, Babylon Health & Adelaide Odhiambo Founder and CEO Blue Wave Insurance.
Africa 3.O is the first event by MarketMinds in Africa after hosting over 30 major events in London for the last five years.
Nairobi, Kenya, Jan 29-Huawei officially launched its 5G multi-mode chipset Balong 5000– along with the first commercial 5G device powered by it, the Huawei 5G CPE Pro.
Together, these two new products provide the world’s fastest wireless connections for your smartphone, your home, the office, and on the go.
Balong 5000 officially unlocks the 5G era. The chipset supports a broad range of 5G products in addition to smartphones, including home broadband devices, vehicle-mounted devices, and 5G modules.
It will provide consumers with a brand new 5G experience across multiple scenarios.
“The Balong 5000 will open up a whole new world to consumers,” said the CEO of Huawei’s Consumer Business Group, Richard Yu. “It will enable everything to sense, and will provide the high-speed connections needed for pervasive intelligence.
Powered by the Balong 5000, the Huawei 5G CPE Pro enables consumers to access networks more freely and enjoy an incredibly fast connected experience. Huawei has an integrated set of capabilities across chips, devices, cloud services, and networks. Building on these strengths, as the leader of the 5G era, we will bring an inspired, intelligent experience to global consumers in every aspect of their lives.”
With a small form factor and high degree of integration, Balong 5000 supports 2G, 3G, 4G, and 5G on a single chip. It effectively reduces latency and power consumption when exchanging data between different modes, and will significantly enhance user experience in the early stages of commercial 5G deployment. Balong 5000 marks a significant step forward for the Balong series of chipsets.
Balong 5000 is the first chipset to perform to industry benchmarks for peak 5G download speeds. At Sub-6 GHz (low-frequency bands, the main spectrum used for 5G), Balong 5000 can achieve download speeds up to 4.6 Gbps. On mmWave spectrum (high-frequency bands used as extended spectrum for 5G), Balong 5000 can achieve download speeds up to 6.5 Gbps – 10 times faster than top 4G LTE speeds on the market today.
Balong 5000 is also the world’s first chipset that supports both standalone (SA) and non-standalone (NSA) network architectures for 5G. With non-standalone, 5G network architecture is built on top of legacy 4G LTE networks, whereas standalone 5G, as the name implies, will have its own independent architecture. Balong 5000 can flexibly meet different user and carrier requirements for connecting devices throughout different stages of 5G development.
Balong 5000 is the world’s first multi-mode chipset that supports Vehicle to Everything (V2X) communications, providing low-latency and highly reliable solutions for connected vehicles. Huawei’s 5G smartphones powered by Balong 5000 will be released at this year’s Mobile World Congress in Barcelona.
As a 5G pioneer, Huawei began research and development in 5G as early as 2009, and is currently the industry’s only vendor that can provide end-to-end 5G systems. Huawei has more than 5,700 engineers dedicated to 5G R&D, including over 500 5G experts. In total, Huawei has established 11 joint innovation centers for 5G solutions worldwide.
By thingskenya Reporter
Nairobi, Kenya 0ct 12- A Senior PriceWaterhouseCoopers (PWC) Consultant identified as Stephen Mumbo has ‘apparently’ committed suicide by throwing himself from the company’s 17th floor offices on Delta Towers, Westlands, Nairobi.
The late Mumbo who is attached to the Forensics Department is said to have succumbed to the injuries after arriving at the Aga Khan Hospital.
Confirming the incident, Kilimani OCPD Michael Muchiri said that Mumbo indeed committed suicide though investigations are still ongoing.
Sources allege that Mumbo may have committed suicide as a result of work pressure and domestic issues.
By thingskenya Reporter
Nairobi, Kenya Oct 11- One of the suspects questioned over the murder of Monica Kimani, Brian Kassaine, has been released.
Principal Magistrate Justus Kituku in Kiambu Court however said Kassaine, who was arrested 13 days ago will be required to report to the Directorate of Criminal Investigations (DCI) every Thursday for the next two months.
Kituku has also directed the Kassaine deposits his passport with the police within the next 48 hours.
On his part, Lead investigator Maxwell Otieno said Mr Kassaine was still being investigated in connection with the murder.
Detectives investigating the matter applied to have Mr Kassaine released with the condition that he appear before them twice every week to facilitate further investigations.
Meanwhile, other suspects, TV Journalist Jacque Maribe and her fiancé Joseph Irungu are expected to appear in court on Monday after they were ordered remanded until Ms Maribe undergoes a mandatory mental test.
By thingskenya Reporter
Nairobi, Sep 20- Dozens of people are feared dead after MV Nyerere Ferry capsized at Lake Victoria in Tanzania on Thursday.
The ferry, which had hundreds of passengers on board, was plying between Bugorara and Ukala islands in Tanzania.
In a statement confirming the incident, the Tanzanian government through the Tanzania Electrical Mechanical and Electronic Services Agency (TEMESA) says rescue efforts are underway.
TEMESA is in charge of servicing the vessels.
By May Wahito
Nairobi, Sep 20- Huawei Technologies has signed a Framework Distribution Agreement in Kenya with Redington Gulf, a distributor of IT Telecom and Lifestyle products in the local market.
Under the partnership, Huawei will work with Redington to provide cutting-edge equipment such as data centre facilities, and both IT and communications hardware and software for the Kenyan market.
The products are backed by an experienced technical team to provide training and support to handle turnkey client solutions deployment.
Announcing the partnership at the Huawei-Redington Partner Summit that was attended by more than three hundred local ICT companies, Huawei and Redington committed to providing training and support alongside world-leading products and solutions, and enabling these companies to grow their business in order to provide ICT solutions to drive Kenya’s digital transformation.
On his part, Huawei Technologies Kenya CEO Mr Stone He, stressed the need for companies to integrate digital technology into all areas of business in partnership with stakeholders in order to remain relevant in a rapidly changing business environment.
“In order to maximize Huawei’s robust ICT capabilities, Huawei has teamed up with partners and developers to explore the road to digital transformation. Huawei credits strategic partnerships to its growing success around the globe. As a result, this in turn creates business success for customers using Huawei’s competitive products.” Said Mr. Stone He
Cabinet Secretary –Ministry of Information, Communication & Technology, Joe Mucheru, emphasized on the government’s commitment to fostering partnerships in the IT sector to drive the Big 4 Agenda.
“Our government is working to develop ways for ICT companies to promote and provide their innovative solutions to the government through a white box initiative which will be launched soon. Our government is willing to partner with Kenyan companies to drive Kenya’s digital transformation. There are many opportunities for all of you as part of this especially in the Big Four.”
To date, Huawei has had more than 13,000 channel partners, 860 solution partners, and 2,900 service partners working around the world to deliver solutions to enterprises.