Bolt Food has unveiled “Early Cashout”, which allows courier partners to receive their earnings before the regular payout cycle. The new feature would allow partners to access their earnings in up to two businesses, effectively helping them to gain even greater control over their incomes. To receive cashout, partners simply need to tap the Early […]
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Future Construkt Investment Managers Ltd, subsidiary of a Mauritius-based asset management firm, Future Construkt Africa LLC, has been granted the Real Estate Investment Trust (REIT) Manager License by the Capital Markets Authority (CMA) of Kenya to mobilize institutional capital and implement its Kenya-focused real estate investment strategy. Future Construkt will center on the development of […]
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The Central Bank of Kenya has released newly designed currency notes, which include denominations of Sh50, Sh100, Sh200, Sh500, and Sh1,000, as part of an effort to update the country’s bank notes. In a statement issued on Wednesday, November 20, the regulator said the rollout of the new features, which started in August with the […]
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Airtel Money Kenya has signed a partnership with Naivas Supermarket that will allow Airtel Money customers to deposit and withdraw cash across Naivas branches countrywide. The deal is part of Airtel Money’s proactive strategy to expand its agent footprint and get closer to the customer. Speaking during the signing ceremony, Airtel Money Managing Director, Ms. […]
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KCB Group PLC has recorded Sh45.8 billion in profit after tax for the first nine months of the year on the back of sustained revenue growth. This was a 49 per cent growth from Sh30.7 billion posted a similar period last year. Revenues increased by 22 per cent to Sh142.9 billion, bolstered by both funded […]
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Energy Cabinet Secretary (CS) Opiyo Wandayi has said preparations are underway to expand the Kisumu Kenya Pipeline Corporation (KPC) depot to handle higher volumes. This comes after the operationalisation of the Kisumu oil jetty which has increased the demand for petroleum products destined to Uganda and other neighbouring countries. The proposed expansion, he said, will […]
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In a significant boost for Team Blue, the joint ticket of Doris Petra and Nick Mwendwa has gained momentum ahead of the much-anticipated Football Kenya Federation (FKF) elections, scheduled for December 7. During a retreat in Naivasha, 53 delegates pledged their support for the duo, solidifying their candidacy as formidable contenders in the race. Despite […]
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The future of the smartphone industry is set to be transformed by generative artificial intelligence technology, which will drive product upgrades and will represent a significant opportunity for smartphone manufacturers, industry experts said. Global market consultancy IDC forecasts that global generative AI smartphone shipments will grow 364 percent year-over-year in 2024, reaching 234.2 million units. […]
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University lecturers, under the Universities Academic Staff Union (UASU), have formally agreed to return to work by Monday, after the signing of a return-to-work formula with the Inter-Public Universities Councils Consultative Forum (IPUCCF). This will see the 2021–2025 Collective Bargaining Agreement (CBA), valued at Sh9.7 billion, implemented in three tranches. While the first tranche of […]
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Popular new chatbots, starting with OpenAI’s 2-year-old ChatGPT and the wave of AI assistants that followed, have become increasingly conversational. Now, Apple is looking to make its pre-teenaged voice assistant, Siri, a competitor in the space. According to Blomberg, the iPhone-maker is working on a new Siri built on advanced large language models (LLMs) that […]
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