Konza Seeks NSE Partnership to Woo Startup Investors

The Konza Technopolis Development Authority (KoTDA) has announced it is seeking parternship with the Nairobi Securities Exchange (NSE) that will see them connect investors with the tech startups and businesses that are being incubated by the Authority.

Speaking during a meeting with NSE Chairman, Mr. Kiprono Kittony, KoTDA Chief Executive Officer, John Tanui said the Authority is keen on partnerships with organisations that will support KoTDA to nurture local tech start-up firms to grow and commercialise their ideas.

Eng. Tanui said: “KoTDA is focusing on creating partnerships that will help Kenyan tech start-up companies to grow into global entities. This is in line with the Knowledge Economy and Innovation pillar of KoTDA’s second strategic plan (2021-2025) which seeks to Convene, Connect and Catalyze a conducive environment for technology start-ups and SMEs to thrive and scale in partnership with other actors in the Innovation Ecosystem. We look forward to more engagement with the NSE to help achieve this strategic objective.”

KoTDA CEO added that the Authority is also evaluating the funding models that can be created in partnership with the NSE to support Kenyan tech start-ups to raise capital and enable more Kenyans to participate in the development of the Konza Technopolis.
“Real Estate Investment Trusts (REITS) are among the funding models KoTDA is considering to tap into as we engage the NSE. Our aim is to ensure that at least 90 percent of the investment in Konza Technopolis is derived from the private sector.” said Eng. Tanui.

On his part, NSE Chairman, Mr. Kiprono Kittony hailed the progress made in the development of the Konza Technopolis. Adding that  Konza Technopolis has the potential to enable Kenya’s economy to leap forward into the status of an emerging market for foreign investors looking to invest in Kenya.  

Mr. Kittony said, “Kenya is currently considered a frontier market. For Kenya’s economy to leap forward into the emerging market status, we need to create more investment opportunities that will attract global investors to Kenya. As one of Kenya’s flagship economic projects under the Kenya Vision 2030, Konza Technopolis has what it takes to grow Kenya’s economy and position it for more Foreign Direct Investment.”  

The NSE Chairman was accompanied by the NSE Chief Executive Officer, Mr. Geoffrey Odundo and the NSE Chief Business Officer, Mr. Terrence Adembesa.

TECNO CAMON 18 Premier Unboxing Video

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PRICEKES 39,999
Check it out on Jumia
Display6.7-inch AMOLED Display
120Hz Refresh Rate
FHD+ 1080*2400
Dimensions 8.15mm x 75.85mm x 163.8mm
Rear CameraTriple:
64MP Main Camera 
12MP Stabilised Gimbal Camera 
8MP Periscope Lens 
Quad LED Flash 
Front Camera32MP Front Camera with Dual Flash
ChipsetMediatek Helio G96
GPU
RAM8GB RAM
Storage256GB Storage
(Expandable Storage with dedicated Slot)
Operating SystemAndroid 11, HiOS 8.0
Battery4750mAh battery 
33W Flash Charge
Network2G, 3G, 4G
ConnectivityWi-Fi 802.11 a/b/g/n, 2.4/5G
Bluetooth
FM Radio
3.5mm audio jack
USB Type-C
Colour optionsSummer Breeze, Ocean Moonlight
OthersSide-mounted Fingerprint Scanner
DTS audio Speakers

The Advantages and Disadvantages of Oil Trading

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Oil has always been an important commodity in any country. It signifies power in industrialisation as well as affects the economy. Having the supply for oil means the opportunity for developing the power industry will be endless; oil is needed for heat and energy, vehicles most importantly for transportation of food and other necessities and machines needed for agriculture even for the medical industry. Thus a country’s economy weighs heavily on having it. 

Oil and Diversification

Oil makes everything in the world spin, so countries which have oil as a natural resource profit from extracting it. The United States of America, Saudi Arabia, Russia, China and Canada are the top five producers of oil. According to recent data, the United States supplies the world with 20% of oil with 18.6 million barrels of oil a day and has been the lead oil producer for three years already. Saudi Arabia and Russia hold the other 11%, which accounts for 11.8 million barrels of oil a day for Saudi Arabia and 10.5 million barrels a day for Russia. Canada, on the other hand, supplies the world with 5.2 million barrels of oil a day, while China produces 4.6 million barrels of oil a day. These two countries hold 6 and 5 per cent of the world’s supply of oil, respectively. 

Oil is a natural resource, and Earth supplies us with it. The problem lies with the amount we need oil, and we consume more and faster than what the Earth can give us. With the oil continuing to deplete and the current pandemic, oil prices dropped significantly over the course of two years. Thus oil-dependent Arab countries are trying to diversify their trading assets and stay away from oil trades.  

For these reasons, the oil supply instability is causing the crude oil traders and investors to shift their investment too. The risk of demand and supply shifting too much, while some oil investors and traders make an attempt to diversify their assets too. This is the reason why you would see numerous ads of UAE brokers trying to alleviate the problem by boosting their online presence. 

So if you are really interested in oil trading and are persistent enough, you will still be able to find oil trading platforms that offer CFDs ( a contract which states that two parties will trade oil at a speculated amount in the future). These oil futures CFDs comes with good deposit bonuses, leverages, and services. 

Oil Futures and why trade it?

Oil futures are a type of oil trade contract which allows the oil transaction to happen at an agreed time in the future at a predetermined amount. Oil futures are pretty risky, but it offers its own advantages such as better leverage, lower trade prices, and longer trade hours. 

Think of it this way, let a certain buyer buy an oil futures contract at $3000 with a set expiration of December. Whatever happens to the price of oil, either it rises or cuts, the buyer will still pay what is on contract. He gains if the oil prices rise and loses if the prices drop. This is what oil investors and traders want from the oil trade market, for as long as you can play your trades right, you can gain from the discrepancies in the volatility of the oil market

Most traders trade based on the current oil trends, whether upward or downward, since after a sharp price turn, oil prices remain at that trend for a prolonged amount of time. If the prices are going down, trade short; this is when you go for oil futures with speculations of prices going further down. If there is an upward trend trade long for, you can expect that prices will stay at an upward trend. This is the common trade strategy that oil traders do. Because trading short has more risk, traders who go short can have huge and better gains but are of higher risk. 

Since oil trades are one of the most actively traded commodities, it has a lot of potentials. Therefore, it has its own set of advantages. 

  1. Potential Revenue – As mentioned earlier, oil trades can provide you with better investment opportunities. This is because of the oil prices constant fluctuations. If you can make the most out of these movements, you can gain substantial gains even for investments much lower than you invest in stocks. This is why successful traders can gain thousands of dollars from oil trading, since going for oil futures with a contract you made through the speculation of the prices– whether it drops or rises, as long as you get the right futures, you can gain a lot. Though successful traders have to have the right skill sets, knowledge of the oil price market and how it moves and the ability to deal with the risk. 
  1. Asset in Demand – Oil has a very limited supply due to oil depletion further. Not all countries can produce the amount of oil they need, nor do they have the resources. Also, there is no substitute that can equal oil. Though renewable energy has been mentioned, it is not adapted more especially to replace oil. This means that oil investors and traders can make the most out of this situation and plan out their oil futures. Moreso, because countries, even large companies, can’t really fully abandon their need for oil.
  1. Liquidity – Oil assets provide solid liquidity, and it’s really easy to convert in cash on its spot market value. This is because the oil trade is a very active market, and trades happen in large volumes every day. Most specifically, crude oil, which is the most traded oil in the world. 
  1. Leverage – Oil futures offer leverage. Thus, you can form a contract (CFD) without having to borrow money from a broker. The marginal requirements, as well as the capital investment are pretty low, allowing a trader to transact 10 times than in a stock market. It offers better gains; however, it has its risks too since it sometimes amplifies losing money; losses could be of higher value than what you have previously gained and invested. 
  1. Simple to Trade – Compared to other assets, it’s pretty much easier to trade oil. Taking the first step in oil futures may be pretty complicated, and creating an oil future account is not always possible. But once you experience this and get the hang of how things fall into place, it will be easier. Futures lose their value as they close their expiry date, so to not lose out your money, buy oil futures contacts after studying the oil market first. The point of an oil futures contract is to predict not based on luck rather on market data analysis what is to happen to oil prices in the future, taking the time to consider political and economic growth too. Of course, having a knowledgeable broker and a reliable platform like Oil Profit Pro is helpful, but building your knowledge is a must too. 

The success of oil trading comes from the knowledge of how the market works and moves. Thus it is important to research and study these data. Because if you can see and speculate these prices, you can expect better opportunities and higher chances at profit gains from oil trading.

Deal: Samsung Galaxy A22 down to 20k with Free Airtime

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The Galaxy A22 which was introduced this year by Samsung is now down to KES 20,000 on Masoko.com. This is for the 4GB RAM Model with 128GB storage. Originally, the device was priced at 24k.

For the KES 20,000 you will get the phone, and KES 2,000 worth of airtime.

However, remember, Safaricom-sold devices are single-SIM. So if you care about that, you may pick up the phone from other retailers who may have better prices currently, and offer the dual-SIM models.

Galaxy A22 Specifications:

Price:Current Price: KES 19,999 on Masoko
Original: KES 21,999 for 64GB, KES 23,999 for 128GB
Size159.3 x 73.6 x 8.4 mm 
Display6.4 inches Super AMOLED
90Hz, 600 Nits (HDR)
720 x 1600 pixels, 20:9 ratio
Glass front, plastic frame, plastic back
ProcessorMediatek Helio G80 (12 nm)
RAM and Storage4GB + 64GB
4GB + 128GB
6GB + 128GB
eMMC 5.1
Expandable through dedicated microSD card slot
Battery5,000 mAh (15W Charging)
Fingerprint ScannerSide-mounted
USBType-C
Rear CameraPrimary: 48MP f/1.8, (wide), PDAF, OIS
Secondary: 8MP ultra-wide, f/2.2, 123˚, 1/4.0″, 1.12µm
Tertiary: 2MP depth sensor, f/2.4
Quaternary: 2MP macro, f/2.4
Front Camera13 MP, f/2.2, (wide), 1/3.1″, 1.12µm
Operating SystemAndroid 10, One UI
ColorsBlack, White, Mint, Violet

TECNO Camon 18 Premier Specifications and Price in Kenya

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The TECNO CAMON 18 Premier is a huge upgrade by the company to its Camon line-up of smartphones. The Camon series has been TECNO’s camera-centred series of devices, and the upgrades this time round – especially with the cameras – show that the company still keeps that in mind. Below are the full specs and price of the phone.

TECNO Camon 18 Premier Specs:

PRICEKES 39,999
Check it out on Jumia
Display6.7-inch AMOLED Display
120Hz Refresh Rate
FHD+ 1080*2400
Dimensions 8.15mm x 75.85mm x 163.8mm
Rear CameraTriple:
64MP Main Camera
12MP Stabilised Gimbal Camera
8MP Periscope Lens
Quad LED Flash
Front Camera32MP Front Camera with Dual Flash
ChipsetMediatek Helio G96
GPU
RAM8GB RAM
Storage256GB Storage
(Expandable Storage with dedicated Slot)
Operating SystemAndroid 11, HiOS 8.0
Battery4750mAh battery
33W Flash Charge
Network2G, 3G, 4G
ConnectivityWi-Fi 802.11 a/b/g/n, 2.4/5G
Bluetooth
FM Radio
3.5mm audio jack
USB Type-C
Colour optionsSummer Breeze, Ocean Moonlight
OthersSide-mounted Fingerprint Scanner
DTS audio Speakers

Camon 18 Premier Unboxing Video:

CSR: Itel gives back to the community in Nakuru

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Itel Kenya recently visited the children of Mama Ngina Primary School in Nakuru as part of its ‘Love Always On’ Campaign. The smartphone company says it has seriously embraced the virtue of giving back to the community. The new visit follows back on another project back in May where the company visited Imani Children’s Home.

Itel say even though it is a smartphone and accessories brand, it believes in caring for everyone. They’ve explained they understand the importance of giving back to communities that define them.

CSR: Itel gives back to the community in Nakuru

On Thursday 21st October, during their visit, the company donated 50 school desks, 1,000 story books, stationaries, bookshelves, kids pads and laptops.

The company says the ‘Love Always On’ initiative is in partnership with ‘The Youth Bila Noma’ NGO.

Speaking at the event, Itel Kenya Marketing Manager, Clover Huang spoke glowingly of the company’s mission to help individuals and communities overcome challenges posed at them in the education sector. 

CSR: Itel gives back to the community in Nakuru

The company points that it has incorporated sustainable development goals that are part of its core business strategies that make it a brand that doesn’t just provide smartphones for everyone but also cares deeply for the needs of its consumers and the society at large.

The Africa Blockchain Centre raises Undisclosed 7x figure investment to expand across Africa

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The Africa Blockchain Centre (The ABC), a Kenyan startup that’s focused on building technology capacity and offering blockchain solutions to key sectors has today announced it has raised a $7X figure investment form Next Chymia Consulting HK Limited. This is an Asian based company that provides blockchain solutions, consultancy services and training to global entities.

The ABC, founded in September 2021 under the Adanian Labs – a Pan African smart technologies venture studio with a mission to build 300 impact driven startups across Africa – seeks to build blockchain potential across Africa. The startup has said it will use the funding to help set itself up in 6 African countries including Kenya, Tanzania, Zambia, Nigeria, Uganda, and South Africa.

The Founder of The Africa Blockchain Centre Irene Kiwia said “we understand the potential that blockchain has in solving some of the challenges that are facing Africa and we believe that we can use our disruptive nature as a continent to create value for ourselves through the adoption of the technology. However, there is a massive capacity gap that we must fill to accelerate this. We aim to train 10,000 blockchain programmers, 5000 business leaders and executives on blockchain readiness, incubate 50 blockchain startups and launch robust solutions for the market in the next 2 years.”

The Africa Blockchain Centre says it aims to demystify blockchain technology and create platforms where the industry can learn, run research programs (R&D), launch blockchain solutions and access blockchain as a service for various applications across industries and sectors. 

“The African continent has a massive untapped appetite to understand, learn and experiment with decentralized technologies. This, coupled with the opportunities that the market presents in applying blockchain technology in key sectors like finance, agriculture, health and general governance makes the center a timely intervention.” Further stated Kiwia.

The CEO of Adanian Labs John Kamara said “We are extremely proud to see such progress with our startups. We pride ourselves in providing the right environment, tools and resources to support startups and help them build scalable solutions. The Africa Blockchain Centre is very timely as Africa is exploring the potential for smart technologies in support of its 4IR efforts. Adanian Labs will continue to work with the Africa Blockchain Center and support its roll out across the continent.”

The female economy is at the center of The Africa Blockchain Centre’s mission. The Africa Blockchain Centre will have a special gender lens to ensure that women are an integral part of this transformation.

The CEO of Next Chymia Consulting HK Limited Kenji Sasaki said “We are delighted to support and partner with The ABC, their model is groundbreaking on how they want to scale blockchain technology in Africa, and we have confidence in the team. We are aligned in vision as well as our commitment to building blockchain capacity and providing blockchain solutions to key industries. We want to champion good governance for blockchain and we see the appetite and gap in Africa where this cutting-edge technology can solve some of the inequality issues that will catapult the economic growth of the continent.”

Driven by the desire to train African Blockchain engineers to solve African problems, the center aspire to create a space for collaboration where multi-industry stakeholders from development partners, civil societies, entrepreneurs, academia, government, private sectors, and all industry sector players can harness the common good of decentralized technologies in enhancing health, agriculture, education, good governance, financial independence and general economic growth.

Boomplay doesn’t work with Android Auto, and that’s really annoying!

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As someone who listens to a lot of music, I am constantly switching between different music apps. Each app has something unique to offer. For example, Spotify is good for discovering what you may like thanks to its playlists. Apple Music is great for when you want the best quality sound – especially with the new lossless quality and Dolby Atmos support. Boomplay is unbeatable when you want local music.

With each offering something different, I’ve found myself not being loyal to either platforms. Depending on the mood of the day, and the type of music I want to listen to, I will use either of the apps.

Both Spotify and Apple Music work well on all my devices. I have their apps on my phone, tablet, and computer. Unfortunately, Boomplay only works well on my phone. If I want it on my tablet or computer, I have to use the web app. And that has been fine all along.

What I have not made peace with is the fact that Boomplay won’t show up on the Android Auto screen when driving. Spotify and Apple Music allow you to do a lot on the screen. (And you can even search for a song using Google Assistant). So why not Boomplay?

What is quite a very easy thing for the company to implement hasn’t been done yet. So when you get into the car, you are forced to control music from your phone, instead via the screen on the car. You’re forced to search manually on the phone what you want to play.

I know the reasoning behind such decisions is that most of Boomplay’s target audience doesn’t care about these stuff. Wrong. Boomplay is a huge app!

I’ve already said their push into making music streaming work in these parts of Africa is one of the reasons we’ve seen Spotify come in officially. Right now, Boomplay is competing with the best of the best from across the world. They therefore need to match them in quality and offerings.

With the array of artists who launch their tracks exclusively on Boomplay, with the thousands of very well curated playlists, and the unbeatable library of local hits – both current and classic – Boomplay needs to make sure its users can access the platform from as many devices as possible, without any hiccups, issues or excuses.

Equity revamps ‘Eazzy Net’ to ‘Equity Online’ with new features

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Equity has announced it is relaunching ‘Eazzy Net’ as ‘Equity Online’ after making changes in line with its One Equity strategy that aims to provide a seamless customer experience across all banking channels.

The new platform, the company says, provides a unified service offering across channels, an improved customer experience with simpler customer journeys, fresh and user friendly interface, and more digital financial services such as buying M-Pesa Float, paying for parking among others.

This, the company says, comes in the backdrop of a growing demand for efficient and flexible online banking experiences by customers.

The new platform is available at https://equityonline.equitygroupholdings.com/en/access/onboarding.

The Covid-19 pandemic has accelerated the adoption of digital banking and payment solutions by driving consumers to shift behaviors and adopt more technology to assist with their day-to-day lives in all aspects, including their finances.

During the release of the 2021 half-year results, Equity Group CEO and MD, Dr. James Mwangi said  “Covid-19 pandemic has acted as a tailwind for customers’ adoption of digital offering fastening the pace of business transformation with significant upside on efficiency as the Group increasingly becomes a technology platform and transform from being a fixed cost business to a variable cost business.”

New Features added to Equity’s USSD Code and Mobile App:

Internet banking is the new form of space banking not only in Kenya but in the world at large, due to advancements in technology and innovation. Additionally, the bank has added new features on its Mobile App and the USSD code *247#.

Customers transacting using the Equity Mobile App will now be able to select a specific transaction on the mini statement to display more details such as beneficiary name etc. The number of transactions displayed on the mini statement has also increased from 10 to 20.

Customers using the *247# USSD code, can now access the service across all the network providers in Kenya and in addition apply for mobile loans such as Eazzy Loan. Previously, the USSD code was only available on the Safaricom network thus restricting customers on other telcos from accessing the services. Customers can self – register by dialing *247# on their mobile lines.

Equity’s digital banking services have continued to surpass traditional banking channels in both the number and value of transactions handled daily. In the recently – released 2021 half-year results, digital channels accounted for 98% of the Group’s transactions. 606.9 million transactions were completed through the Eazzy banking suite, agency banking and merchants compared to 385.2 million recorded last year, indicating a 66% growth.

Showmax to debut exciting Multicam Viewing Experience this Sunday

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Showmax will this Sunday introduce a multicam-feed viewing experience for football fans who will be watching the highly-anticipated El Clasico (Barcelona vs Real Madrid). With this feed, users will be able to view the game from multiple angles while also getting the games stats and info.

The on-demand entertainment service provider calls this the ultimate viewing experience and says it is the first of of its kind in the African space. The Multicam feed will give users a range of options to customise their way of watching football.

These will be the different feeds Showmax users will be able to access:

  • Main screen: This screen includes a special form of superfeed that highlights the main special cameras included in the broadcast. The base feed will be the view from the master camera, complemented by views from the rest of the cameras, drone shots, graphics and live stats.  
  • Following the ball: Aerial camera combined with detailed shots. These cameras are always focused on the ball and the player in possession, providing a closer image to follow the player’s actions in detail.   
  • Around the goal area: This window shows all the action around the goal area where viewers see the very best shots from every attack on goal as well as highlights of each and every intervention from the keepers.  
  • Camera on the bench: This feed alternates between shots of the home and visitors’ benches. The viewer will be able to follow the coaches’ instructions, reactions to key moments in the match and also keep a close eye on the subs.   
  • Stats window: The four-image feed leaves space at the bottom of the screen for a layer of dynamic graphics and visuals featuring stats from the match.  

The standard live stream will also be available.

“We are proud to be the first online streaming service in Africa to introduce the multicam feed for such a highly anticipated game. Fans are constantly looking for ways to enhance their viewing experience and with this cutting-edge technology, viewers can watch football in style, like Pros,” said Barry Dubovsky, Chief Operating Officer for Showmax. 

Showmax Pro is a streaming service available for Showmax subscribers in Africa that bundles the existing Showmax entertainment offering with music channels, news and live sports streaming from SuperSport.   

Subscribers can live stream the 2021 seasons of the English Premier League, LaLiga, Serie A, UEFA Europa and UEFA Conference leagues, the 2022 FIFA World Cup qualifiers and more.