Glut, automation threaten to cut tea sector earnings
Kenyan tea farmers and traders are staring at hundreds of millions in losses as a glut in the produce has
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Women in Business
Airtel Tanzania offers regional opportunity to Mercy Randa’s P&L
Ten years after Mercy Randa founded P&L Consulting Limited, a boutique business advisory firm, it has now entered the regional
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Finding a niche furnishing Airbnbs
This is Women in Business by Maudhui House and we go beyond newsroom to bring you interesting perspectives of women in the industry. What they’ve been through their own experiences and the lessons we can pick up from them. Today we have Tracy Wairimu an entrepreneur who specializes on interior deco for AirBnB and runs her own units under the brand Polea Hapa. Tell us a little more about your work? I furnish Airbnb‘s in normal apartments and I am also into Airbnb business, if you want to start an Airbnb business, you can talk to me. Oh nice, you consult as well, so mostly…
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Women helping turn Silicon Savanna away from Fintech domination
Women in Tech are innovating tech solutions to address everyday life challenges, such as access to sign language, healthcare savings, and support for farmers, as opposed to purely financial solutions. The sixth batch of women trained @iBizAfrica – Strathmore University, in partnership with StanChart Bank over the last six months, demonstrates that women in tech tend to focus on offering solutions to social problems rather than purely financial ones. The African tech landscape has often been dominated by the Fintech sector, which has witnessed an influx of over $4.3 billion between 2021 and 2022. The Women In Tech Top 7 startups for this year include Sign-With…
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Kuramo Capital’s $150 million boost for women-led ventures in Africa
The push to empower female entrepreneurs in Kenya and Africa has gained support from the investment management firm Kuramo Capital. The firm has committed Kes22.4 billion ($150 million) over the next decade to the Moremi Fund, a multifaceted initiative aimed at fostering the growth and sustainability of female-led businesses. This initiative represents a significant step towards closing the gender gap in the business world, promoting economic diversity, and encouraging innovation in various sectors. “Despite an increased flow of capital to Africa, women have still been underrepresented at all levels of the investment landscape. Our goal is to address this barrier and improve the ecosystem by
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Bamburi Cement feted for women empowerment
Bamburi Cement has been recognized as the leading firm in advancing the Women’s Economic Empowerment agenda in East Africa. This accolade was bestowed upon the company during the 11th Africa Gender Mainstreaming Awards 2023, an annual event held in Nairobi. Bamburi’s ascent to this esteemed position can be attributed to its support for ten women-owned organizations involved in recycling scrap tires and rice husks in Kenya. Together, these organizations collected and provided over 25,000 tonnes of waste, which was co-processed in Bamburi’s kilns to generate renewable energy. This effort not only produced sustainable energy but also diverted waste that would have otherwise ended up in
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Family bank courts women with Sh50 billion credit line
Family Bank has unveiled ‘Queen Banking’, a Kes50 billion credit line exclusively targeting women to cater to their diverse individual and business needs. The financing scheme, which is set to run for two years, is part of the lenders strategies in deepening financial inclusion in Kenya especially among women in Kenya. According to the lender, Queen Banking will cater to the needs of women in business, the career women as well as those involved in Chamas. Family Bank says the lending targets businesses with at least 51 per cent of the shares controlled by women or 100 per cent owned by women. Also benefitting are businesses where women constitute more than 30 per cent of the board
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Sama to train 2,000 youth and women for global AI projects
At least 2000 youth and women are set to get Artificial Intelligence skills from outsourcing giant Sama as the company aims to transform Kenya into a global AI powerhouse, aligning with government initiatives and unlocking opportunities for underserved communities. Sama says it will hire and train young individuals for computer vision projects catering to Fortune 500 companies. The initial wave of 600 participants in Nairobi has already been hired and is currently undergoing training. The remaining 1,500 individuals are slated to join in the coming weeks, forming part of Sama’s dynamic team of over 3,000 staff in Nairobi dedicated to computer vision AI projects for
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Title deeds remain elusive possession among women property owners
A title deed under your name remains one of the most prized possessions for Kenyans but the latest data indicate lack of the key document is most prevalent among women who own a house or agricultural land. Among women who own a house in Kenya, only 9 percent have a title deed or any other government-recognized document with their name on it, the Kenya Demographic and Health Survey 2022 shows. An estimated 73 percent of women who own a house in Kenya do not have a title deed or any other government-recognized document, the study adds. The male gender is not better either as only…
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