Business Archives - Page 2 of 31

Oct102017 by Nasha HarperNo Comments

Pezesha to participate at the blackbox connect 20 programme

Kenya's Pezesha has been selected to participate in the upcoming Blackbox Connect 20 accelerator programme in November this year at Silicon Valley. Blackbox connect 20 is a two-week residential programme for startup founders from across the globe. Blackbox is an entrepreneur-first approach that aims to make entrepreneurs the core engine for global economic growth, and that they need someone in their corner as they build the future. It helps talented young startup founders emerge as stronger leaders to help them redefine what’s possible for themselves, their company, their community, and the world. Driven by a strong commitment to equality of entrepreneurial opportunity, its not-for-profit work spans 60 countries. Blackbox believes a more equitable, prosperous future begins

Sep112017 by Lynn WandiaNo Comments

Uber, Little, Taxify & MondoRide Drivers in Kenya set to strike on low wages

Business, Technology

Drivers attached to online taxi service providers have said they will down their tools on Monday to protest reduction of their wages. The drivers allied to Uber, Taxify, Little Cab and Mondo Ride say the management decided to lower their rates without consulting them. They said the strike was prompted by the improper management of their service providers with their services not to be availed until further notice. In a phone interview with Digital Taxi Association of Kenya’s (DTAK) Chair Mr. David Muteru, he echoed the above stating, “We are differing on pricing, because the prices are just not fare. The service providers commission is still high but they keep lowering the fares to accommodate customers.” When asked about the impending strike, the chair stated that they will be pre

Aug42017 by Alex ReeceNo Comments

New Bitcoin Exchange launched in Kenya

Business

Belfrics Global Pte Limited, a Malaysia based bitcoin technology provider has announced the launch of its bitcoin exchange in Kenya. With this launch, Belfrics is now available across three markets including India and its international-based exchange located in Singapore. Belfrics intends to capitalize on the growing demand for its services in Kenya, which is one of the top markets on the African continent. Belfrics Kenya will offer exchange services in addition to other digital services revolving around the Blockchain.The company also provides a POS system and payment gateway for merchants to accept bitcoins as payment, enhancing their scope of business. The rise of this digital cryptocurrency and the underlying technology, the Blockchain, has also brought with it many invest...

Jul312017 by Lynn WandiaNo Comments

New opportunities for Kenyan entrepreneurs as E-commerce booms

Business, Startups

Kenya’s electronic commerce market is primed for major growth in the next five years as mobile internet performance continues to improve, a proposed national addressing system comes into existence, and people become more comfortable with digital transactions. The first E-commerce ventures in East Africa used to focus on affluent costumers and the diaspora, with payment by credit cards, mostly in the travel and gifting industry, with startups such as TravelStart or MamaMikes, but the landscape is now narrowing with mobile money and mpesa. Kenya’s enthusiastic adoption of person-to-person mobile payments creates a solid base for the growth of mobile and electronic commerce. According to the Communications Authority of Kenya, the e-commerce market in Kenya was worth around Ksh.4.3 b

Jul212017 by editorNo Comments

Chinese e-commerce mogul Jack Ma : Africa’s challenging situation should be a source of innovation

Business

To many, he embodies the idea of success. Jack Ma, a Chinese billionaire, jetted into Nairobi Wednesday evening, started a packed two-day visit that peaked with a public appearance at the University of Nairobi and a speech to Kenyan youth tips on how to build successful business empires. Throughout his many public lectures that are available online, Jack Ma has emphasized a philosophy of personal change and humility, empowerment of women in public lives, and investing more in youth. Jack Ma said that Africa's poor infrastructure, social, economic and political situation should be a source of innovation for most entrepreneurs, just as lack of e-commerce in his home country inspired him to start one of the biggest online marketplaces. "If the Government does not have a solution to...