How Does It Work?

With the Rudishiwa Paybill offer, Airtel Money customers will receive a 50% cashback on transaction fees incurred when making payments to Airtel Paybills. This cashback will be credited to the customer’s airtime balance, allowing them to stay connected and enjoy the benefits of mobile communication.

Partnering for Convenience

To enhance the convenience of mobile payments, Airtel Money has partnered with several key providers, including:

• KPLC
• Nairobi Water
• Mombasa Water
• DSTV
• eCitizen
• Expressway
• KAPS
• Various e-commerce platforms

In addition, Airtel Money has collaborated with leading banks like Equity Bank, KCB Bank, and Cooperative Bank to enable customers to make payments at merchant outlets nationwide.

A Commitment to Innovation

Airtel Money has been at the forefront of mobile money innovation in Kenya. By offering secure, convenient, and affordable payment solutions, the company has significantly contributed to financial inclusion and economic growth.

Anne Kinuthia Otieno, Managing Director of Airtel Money, emphasized the company’s commitment to customer value and convenience:

“The growing potential of mobile money has been crucial in enhancing financial inclusion and economic activity. Mobile money has now become a primary mode of exchange, and creating mechanisms to streamline this is crucial for societal well-being. Our main goal is to continuously give customers value, choice, affordability, and convenience.”

To further strengthen its distribution network, Airtel Money has partnered with Naivas Supermarket, allowing customers to deposit and withdraw cash at Naivas branches across the country. This expansion will provide increased convenience for users.

To take advantage of the Paybill Rudishiwa offer, Airtel Money customers can simply dial *334#, select “Paybills and Till,” and choose “Airtel Paybills” to make their payment. Alternatively, they can utilize the My Airtel App.

The post Airtel Money Extends Rudishiwa Offer to Paybill Transactions appeared first on Biz Post Daily.

The post Financial Inclusion: A Lifeline for Forcibly Displaced Persons appeared first on Biz Post Daily.

Why Jobs Matter

Creating jobs is central to fighting poverty, boosting prosperity, and empowering individuals. With a job comes financial security, the ability to provide for oneself and family, and a sense of belonging in society. Unfortunately, this dream remains elusive for many, especially young people and women.

The World Bank estimates that over the next decade, a staggering 1.2 billion new workers will enter the workforce in developing countries. However, only 420 million jobs will be available, leaving a massive gap of nearly 800 million.

The Council’s Focus

The newly formed council will focus on creating job opportunities for youth and women in emerging economies. This focus is crucial to unlock the potential of these demographics and turn this challenge into an engine for future growth.

Dr. Mwangi is one of fourteen global leaders appointed to the council, recognized for his dedication to social impact beyond banking. He’s a champion for sustainable development in Africa, where a significant demographic shift is underway. By 2030, one in four people on the planet will be African, with a third of the world’s youth residing there.

Dr. Mwangi believes this demographic boom presents a golden opportunity. Leveraging this “dividend” effectively could lead to a 15% increase in Africa’s GDP and a 17% decrease in poverty by 2030.

Over the next decade the world is expected to experience significant demographic shift with one in four people on the planet being African, and more than a third of the world’s young people residing in Africa. These global demographic shifts are the result of progress on the African continent including life expectancy, per capita income, health, education and improving nutritional levels. An outcome of these developments has been rapid population growth. Effectively leveraging the demographic dividend in Africa could account for up to 15% of GDP growth and a 17% reduction in poverty by 2030.

– Dr. James  Mwangi

Dr. Mwangi said he is honoured to serve on the council and contribute to creating jobs for Africa’s youth. He recognizes young people as the continent’s future and the key to sustainable development. Equity Group’s Africa Recovery and Resilience Plan aims to create 50 million jobs in the region by 2030, and Dr Mwangi plans to leverage the council’s insights to maximize this initiative’s impact.

The Powerhouse Council

Other members include:

• Former world leaders like Tharman Shanmugaratnam (Singapore) and Michelle Bachelet (Chile) who will co-chair the council.
• Experts from academia, business, and civil society like Guy Ryder (UN), Patrick Achi (Cote d’Ivoire), and Marianne Bertrand (University of Chicago).

This diverse group brings a wealth of experience and knowledge to the table, increasing the council’s effectiveness in tackling this complex challenge.

The council will meet every two months for the next two years, directly engaging with World Bank leadership to ensure their ideas translate into actionable solutions. This collaborative approach offers a promising path forward in creating a future where everyone has the opportunity to thrive through meaningful work.

Find out more about the Council from: World Bank Group Launches High Level Council to Tackle Looming Jobs Crisis. 

The post World Bank Assembles Dream Team to Tackle Global Jobs Crisis: Equity’s James Mwangi Among Appointed Leaders appeared first on Biz Post Daily.

This follows the success of their Oktobafest celebrations, and KBL is ready to extend the party spirit into the holidays.

What to Expect:

• Black Friday Deals: Get ready for fantastic offers on your favorite KBL beers across various e-commerce platforms like Ke.thebar.com, Jumia, and retail stores including Carrefour, Naivas, and Quickmart.
• Over 500 On and Off Trade Activations: The fun doesn’t stop online! Look out for activations happening across the country, both in stores and at special events.
• Elevated Experiences: KBL is pulling out all the stops with five exclusive, unforgettable experiences at select outlets. Stay tuned for details on the brand pages!
• Focus on Community: KBL understands the importance of celebrating with loved ones. Their offers and experiences are designed to bring people together and create lasting memories.

Christine Kariuki, Marketing Manager, Tusker, says:

“The holidays are all about connecting with family and friends. We want to be a part of those celebrations and offer a chance to enjoy our beers at amazing prices and create unforgettable experiences.”

Cheers to the Holidays!

This holiday season, KBL is offering exciting deals, creating unique experiences, and spreading festive cheer. Stay tuned to their brand pages for more details on the special experiences and raise a glass to a joyful holiday season!

The post KBL’s Beer Fest: Cheers to the Holidays with Exciting Offers! appeared first on Biz Post Daily.

Why Host a Holiday Networking Event at Home?

• Intimate Setting: A home setting fosters a more relaxed and personal atmosphere, making it easier to connect with people on a deeper level.
• Personalized Touch: You can curate the event to reflect your brand or personality, leaving a lasting impression on your guests.
• Cost-Effective: Hosting at home can be more budget-friendly than renting a venue, allowing you to allocate resources to other aspects of the event.

Considerations for Your Guest List

When crafting your guest list, consider the following:

• Shared Interests: Invite people who share common interests or passions. This will spark engaging conversations and foster genuine connections.
• Diverse Backgrounds: Aim for a diverse group of guests to create a rich and stimulating environment.
• Professional Relevance: While personal connections are important, ensure that your guest list includes individuals who can contribute to your professional goals.
• Balanced Ratios: Consider the gender and seniority levels of your guests to create a harmonious and inclusive atmosphere.

Before we continue, the good guys at Captain Morgan delivered a holiday season hamper to us, here is a video of what’s in the box!

Tips for Hosting a Successful Holiday Networking Event:

• Clear Purpose: Define the goal of your event, whether it’s to launch a new project, celebrate a milestone, or simply connect with like-minded individuals.
• Engaging Activities: Plan activities that encourage interaction and conversation, such as board games, holiday-themed trivia, or a potluck dinner.
• Comfortable Ambiance: Create a warm and inviting atmosphere with festive decorations, cozy seating arrangements, and soft background music.
• Follow-Up: After the event, send personalized thank-you notes or emails to your guests, expressing your gratitude and reinforcing the connections you’ve made.

By hosting a holiday networking event at home, you can create a memorable experience that strengthens existing relationships and opens doors to new opportunities.

Here are a few Captain Morgan recipes to try this season, whether you are hosting friends and family, potential business associates or just unwinding alone:

Captain Cola

•  Fill a glass with ice
• Add 50ml of Captain Morgan Original Spiced Gold.
•  Fill the glass to the top with cola. Squeeze in a wedge of lime.

Captain Ginger

•  Fill a glass with ice
•  Add 50ml of Captain Morgan Original Spiced Gold.
•  Fill the glass to the top with ginger ale. Squeeze in a wedge of lime to cut through the ginger!

Captain Lemonade

• Fill a glass with ice
• Add 50ml of Captain Morgan Original Spiced Gold.
• Fill the glass to the top with lemonade. Squeeze in a wedge of lemon for extra zestiness!

The post Leverage Your Home for Holiday Networking appeared first on Biz Post Daily.

The Ministry of Interior and National Administration recently announced the introduction of the “Class N – Digital Nomad” permit, a significant change to the Kenya Citizenship and Immigration Regulations, 2012.

This exciting development, effective October 1, 2024, removes a major hurdle for expatriates seeking to live and work remotely in Kenya.

Previously, obtaining a Kenyan work permit required a local employer sponsor. This new regulation, as outlined in the Kenya Citizenship and Immigration (Amendment) Regulations, 2024, eliminates this requirement, opening doors for individuals working for companies based outside of Kenya.

What you need to apply:

The application process for the Class N permit requires the following:

• Valid National Passport: Your passport must be current and valid.
• Proof of Remote Work: Documentation demonstrating your employment with a non-Kenyan company and your remote work arrangement.
• Assured Annual Income: Applicants must demonstrate an annual income of at least $55,000 from sources outside of Kenya.
• Proof of Accommodation: Evidence of secured housing in Kenya.
• Clean Criminal Record: A certificate of good conduct from your country of habitual residence.

It’s important to note that while this permit allows you to live and work remotely in Kenya, you cannot engage in any employment or income-generating activities for companies registered within Kenya.

Economic Boost for Kenya:

Professional services firm PwC has lauded this move as a positive step towards attracting global talent and boosting Kenya’s economy. They predict a positive impact on several sectors, including:

• Tourism: Longer stays by digital nomads, often accompanied by family and friends, are expected to inject more money into the tourism sector and local economies, particularly in popular tourist destinations.
• Real Estate: Increased demand for rentals and co-working spaces is anticipated, stimulating growth in the real estate market.

Challenges and Future Outlook:

While the introduction of the Class N permit is a welcome development, PwC notes some crucial missing details. The current regulations don’t specify the cost of the permit or its duration, making it difficult for potential applicants to compare it with other visa options. For the permit to truly succeed and attract digital nomads, PwC suggests shorter processing times, a longer validity period, and lower fees compared to a standard visitor visa.

The Kenyan government’s move to embrace digital nomads is a promising sign. As more details emerge regarding costs and processing times, the Class N permit has the potential to position Kenya as a prime destination for remote workers seeking a vibrant and welcoming environment. We will continue to monitor developments and provide updates as they become available.

The post Kenya Opens Doors to Digital Nomads with New “Class N” Work Permit appeared first on Biz Post Daily.

This collaboration promises to redefine the way individuals and businesses make payments, offering a range of innovative and secure solutions.

A Comprehensive Partnership

Beyond wearable payments, Mastercard and DTB’s 10-year strategic partnership aims to deliver a suite of innovative and secure payment solutions across Kenya, Uganda, and Tanzania. Key highlights of this collaboration include:

• Customized Payment Solutions: Mastercard and DTB will work together to develop tailored payment solutions that cater to the specific needs of consumers and businesses in the region.
• Tokenization-Based Payment Wearables: A groundbreaking initiative, this partnership will introduce Kenya’s first tokenization-based payment wearables. This cutting-edge technology empowers consumers to make secure, contactless payments by simply tapping their wearable device at any enabled point-of-sale terminal.
• Enhanced Security: Tokenization technology replaces sensitive payment data with encrypted tokens, ensuring that cardholder information remains protected during transactions.
• Cross-Border Payments: The collaboration will facilitate seamless cross-border payments, making it easier for individuals and businesses to transact across borders.

Mark Elliott, Division President, Africa, Mastercard, expressed enthusiasm about the partnership, stating, “By combining our expertise in digital payment solutions with DTB’s strong market presence, we are enhancing the banking experience and providing customers with more secure and convenient ways to pay.”

Nasim Devji, Group CEO of DTB, echoed this sentiment, emphasizing the partnership’s role in accelerating DTB’s digital transformation journey and delivering innovative financial solutions to its diverse clientele.

The Future of Payments

By combining Mastercard’s global expertise in payments technology with DTB’s strong local presence, this partnership is poised to shape the future of payments in East Africa. With a focus on security, convenience, and innovation, Mastercard and DTB are driving the digital transformation of the region’s payment landscape.

This collaboration is poised to have a profound impact on the payment ecosystem in East Africa:

• Enhanced Convenience and Security: Consumers will benefit from secure, contactless payments and streamlined transaction processes.
• Faster Checkout Experiences: Merchants will experience faster checkout times and higher approval rates, leading to increased customer satisfaction and sales.
• Increased Transaction Volume: Financial institutions will see a boost in transaction volume through Mastercard’s “Top of Wallet” approach.
• Empowering Fintechs: Fintechs will be able to leverage innovative digital solutions like wearables to drive customer adoption and scale their businesses.

The post Mastercard and DTB Partner to Introduce Kenya’s first Token-based Payment Wearables appeared first on Biz Post Daily.

The partnership will introduce two new products: Digital Last Expense, designed to cover funeral costs, and Go Educator, which will focus on financing education expenses. Additionally, a savings product is expected to be launched soon.

The primary objective of this collaboration is to make life insurance more accessible to Kenyans. By addressing financial constraints and information gaps, the partnership aims to overcome the challenges that have historically hindered the uptake of life insurance. NCBA and Sanlam will work together to educate customers about the benefits and features of their offerings.

NCBA Group Managing Director John Gachora expressed enthusiasm about the partnership, stating that it represents a significant step towards providing comprehensive financial solutions to customers. By offering innovative life insurance products, the companies aim to enhance financial well-being and offer support during critical life moments. Gachora believes this partnership will significantly boost life insurance uptake in Kenya.

The new products will be available through the bank’s Bancassurance Intermediary. Leveraging its extensive network of branches and customer touchpoints, the intermediary will ensure easy accessibility to customers across Kenya. This strategic distribution approach aims to seamlessly integrate life insurance into customers’ financial planning.

Sanlam Kenya Group CEO, Dr. Nyamemba Tumbo, highlighted the convenience of the partnership for customers seeking a one-stop-shop for their financial needs. By leveraging its distribution and processing capabilities, strong brand visibility, and public trust, Sanlam aims to deliver a superior customer and product experience.

The post NCBA Group and Sanlam Life Insurance Partner to Boost Life Insurance Uptake appeared first on Biz Post Daily.

The investment will primarily support the deployment of the ECOA Induction Cooker, a device equipped with Pay-As-You-Cook (PAYC) technology. This technology allows consumers to make small, regular payments through mobile money, making it more accessible for low-income households to own a clean and efficient cooking solution.

The ECOA Induction Cooker is designed to be environmentally friendly and energy-efficient. It features integrated IoT technology that enables real-time monitoring of energy usage, contributing to the generation of carbon credits. By transitioning households from traditional, polluting cooking methods to clean electric cooking, BURN aims to reduce carbon emissions and improve air quality.

A recent study conducted by the University of Pennsylvania and the University of Chicago found that BURN’s cookstoves can significantly reduce fuel consumption, lower household expenses, and reduce carbon emissions.

With this latest investment, BURN is poised to accelerate its mission of providing clean, affordable, and efficient cooking solutions to millions of East African households.

The post BURN Secures $15 Million Investment to Expand Clean Cooking in East Africa appeared first on Biz Post Daily.

Recent investigations by the Daily Nation have uncovered a disturbing pattern of Safaricom providing real-time access to customer data to security agencies, bypassing legal procedures. This alarming revelation has sparked intense debate about the company’s role in potential human rights violations and the erosion of privacy rights.

Key Allegations:

• Real-time Access to Customer Data: Safaricom is accused of granting security agencies unrestricted access to customer call data and location information.
• Facilitating Abductions and Killings: This access has allegedly been used to track and target individuals, leading to abductions and extrajudicial killings, particularly in the aftermath of the recent Gen Z protests.
• Tampering with Evidence: There are concerns that Safaricom has manipulated call data records (CDRs) presented to courts, hindering investigations into disappearances and killings.
• Partnership with Neural Technologies: A British company, Neural Technologies, has reportedly embedded a system within Safaricom’s infrastructure, enabling security agencies to easily access sensitive customer data.

Public Outcry and Privacy Concerns:

The allegations against Safaricom have ignited public outrage and raised serious concerns about the erosion of privacy rights in Kenya. Critics argue that the company’s actions have contributed to a climate of fear and surveillance, where individuals are constantly monitored and their freedoms curtailed.

As the controversy unfolds, several key questions remain unanswered:

• To what extent is Safaricom complicit in human rights abuses?
• What safeguards are in place to prevent misuse of customer data?
• How can individuals protect their privacy in an era of pervasive surveillance?

It is imperative that a thorough investigation is conducted to determine the full extent of Safaricom’s involvement in these alleged abuses. The company must be held accountable for any wrongdoing and take immediate steps to address the privacy concerns raised by these revelations.

The post Safaricom on the spotlight for aiding illegal police abductions and extrajudicial killings of government critics appeared first on Biz Post Daily.