Flat6Labs, a leading seed and early-stage venture capital firm in the MENA region, has partnered with Tamwilcom, Morocco’s public financing institution, to launch a new accelerator program aimed at fostering innovation and entrepreneurship in the country.
This collaboration is part of Tamwilcom’s broader initiative to support the Moroccan entrepreneurial ecosystem through the Innov Invest Fund (IIF), which has been active since 2016. In January 2024, Tamwilcom selected twelve Partner Support Structures (PSS) to bolster startups in various development phases, including ideation, incubation, and pre-acceleration.
While specific details about Flat6Labs’ role in the program have not been disclosed, the firm’s extensive experience in managing accelerator programs across the MENA region positions it as a valuable partner in this initiative. Flat6Labs has a track record of investing in early-stage startups and providing them with the necessary resources, mentorship, and funding to scale their businesses.
The accelerator program is expected to focus on key sectors such as agritech, healthtech, cleantech, greentech, edtech, fintech, gaming, and artificial intelligence. Eligible startups incorporated under Moroccan law, with innovative projects and less than three years of operation, will have the opportunity to benefit from capacity building, access to expertise, and honor loans of up to $75,000.
This partnership between Flat6Labs and Tamwilcom underscores a shared commitment to nurturing Morocco’s startup ecosystem and supporting entrepreneurs in bringing their innovative ideas to fruition.
For more information about the program and application details, interested parties can visit the SB3S Programs page.
There are renewed hopes for the actualization of Kenya’s Konza City after the Korea Advanced Institute of Science and Technology completed the construction of the Kenya Advanced Institute of Science and Technology (Kenya-AIST), at Kenya’s Konza Innovation City, situated about 60 kilometers southeast of the capital Nairobi.
The Kenya Advanced Institute of Science and Technology (Kenya-AIST) started 10 years ago under Kenya’s national medium- to long-term plan, ‘Kenya Vision 2030’ to implement the know-how of scientific and technological education modeled on the Korea Advanced Institute of Science and Technology and its completion is giving hopes of the realization of Kenya’s Konza City.
According to Lee Kwang-hyung, president of the Korea Advanced Institute of Science and Technology, “The Kenya Institute of Science and Technology will be a representative case of KAIST’s creative education and challenging research model spreading across the globe,” and added, “This will go beyond simple education export; KAIST will be a strong partner in the journey to help Kenyan youth prepare for the future through the Kenya Institute of Science and Technology.”
The Kenya Institute of Science and Technology is an aid project from the Korean government, over 20 faculty members from the Korea Advanced Institute of Science and Technology participated as advisory professors in the project. As the first phase of educational design, construction bidding, construction, and supervision is complete, the second phase will follow with preparations for operation, including faculty training, administrative education, and laboratory equipment enhancement.
Kenya Institute of Science and Technology will initially have six established departments which include the mechanical and nuclear engineering, electrical and electronic engineering, ICT engineering, chemical engineering, civil engineering, and agricultural biotechnology.
OmniRetail, a Nigeria-based B2B ecommerce marketplace digitising order management and embedded financial services for retailers, distributors, and manufacturers has raised $20 million to expand across Nigeria, Ghana and Ivory Coast.
The $20 million was co-led by Norfund and Timon Capital with participation of Ventures Platform, Aruwa Capital, Goodwell Investments (via it Alitheia Capital), and Flour Mills of Nigeria putting its total funds raised at $38 million in both equity and debt combined.
“We went ahead and raised the capital to finally put the metal on the pedal and scale in more geographies and more categories. We’re expanding now not just to grow, but to optimise,” said Rustagi who attributed the success to efficient asset use within their network model.
Founded in 2019 by Deepankar Rustagi, OmniRetail platform connects 145 manufacturers, over 5,800 distributors, and over 150,000 informal retailers across 12 cities via its app to place orders, get working capital, and process digital payments. OmniReail also works with a logistics network of over 1,100 vehicles and 85 warehouse partners and has been profitable since 2023.
“The profitability journey was an outcome of our efficiency on utilising the assets that we aggregated in the network, and this has proven that the model that we put together as a ‘network of networks’ is profitable and is highly scalable,” Rustagi said.
The $20 million will help OmniRetail expand into new product lines like personal care, home care, and cold storage and additionally improve its infrastructure, offer credit underwriting and strategic partnerships and acquisitions like the acquisition of Nigerian Traction Apps, a merchant solution platform with payment capabilities, POS terminals, payment licenses, and granular sales data from retailers as well as financial profiles of individual retailers to offer customised credit solutions.
Norfund’s Investor Director, Cathrine Conradi, said, “Embedded finance is one of the most transformative tools for small business growth in Africa. OmniRetail’s model brings capital to areas where traditional systems haven’t reached.”
In 2024, OmniRetail processed transactions worth over $810 million and now disburses $12 million monthly in inventory credit via its BNPL service, Omnipay.
“Every transaction in the FMCG value chain has two sides: the movement of goods and the movement of funds. Today, we are in a position to aggregate maximum benefits from every transaction in the value chain. Our plan is to dive deep into the value chain and maximise margins. International players have done well in their markets, and we’re bringing that model to Nigeria today,” Rustagi said.
ALX Nigeria has officially launched the 2025 ALX Ventures Incubator, marking a major step forward in its mission to empower and accelerate Africa’s next generation of entrepreneurs. Building on the success of its Founder Academy, this incubator is designed to help promising startups scale, access funding, and create lasting impact across the continent.
“The launch of the ALX Ventures Incubator is proof of our unwavering commitment to building the infrastructure for African innovation to thrive,” said Ruby Igwe, Country General Manager at ALX Nigeria.
Empowering African Founders
The ALX Ventures Incubator offers a transformative growth experience for founders who have graduated from the ALX Founder Academy. The program provides:
Hands-on mentorship from seasoned entrepreneurs and industry leaders
Access to a vast investor network to boost funding opportunities
Resources and expert tools for scaling and refining business models
A platform to compete in the annual Do Hard Things Challenge, ALX’s Pan-African startup showcase
This combination of mentorship, funding opportunities, and exposure ensures that African startups can turn ideas into sustainable, impact-driven enterprises.
From the Founder Academy to the Incubator
Entrepreneurs must first complete the Founder Academy, a 6-week intensive deep dive into venture creation. The academy equips aspiring founders with:
Live masterclasses and fireside chats with global experts
Business plan and pitch deck templates for structured startup building
Validation tools to test and launch minimum viable products (MVPs)
A Pan-African network for collaboration and peer learning
Graduating from the Founder Academy is the first step toward qualifying for the incubator program, where selected ventures receive the support needed to grow rapidly.
Supporting Africa’s Innovation Economy
ALX Ventures currently operates across eight African markets, having nurtured standout startups across sectors such as:
Healthtech – Healthtracka (Nigeria)
Agtech – AquaTrack (Nigeria)
Fintech – Kayko (Rwanda)
Mobility – E-moti (Kenya)
These success stories demonstrate ALX’s impact in helping founders solve real African problems with technology and innovation.
How to Join the Movement
If you’re an aspiring entrepreneur ready to solve some of Africa’s toughest challenges, applications for the next Founder Academy cohort are open. Upon successful completion, participants can apply to the ALX Ventures Incubator and receive the support needed to launch and scale their ventures.
On the occasion of World Password Day, Sophos, a global leader of innovative security solutions for defeating cyberattacks, stresses the limits of the password and knowledge-based authentication methods. Indeed, the sophisticated techniques, tactics, and procedures (TTPs) of cyber attackers in 2025 will enable them to easily circumvent traditional authentication methods. As such, the 2025 edition of Sophos’ Active Adversary report indicates that compromised credentials represent the leading cause of attack for the second year running (41% of cases). It is therefore essential that users and companies adopt more robust methods to protect their data against credential theft.
The Limits of Knowledge-Based Protection
Dual or multi-factor authentication (2FA/MFA) solutions are widely adopted. However, like the password, these additional layers of protection often rely on knowledge-based secret codes shared via SMS or authentication applications. Unfortunately, many of these methods remain vulnerable. Hackers now have tools at their disposal which, like evilginx2, make it easy to bypass these protections by automating phishing or stealing session cookies.
This means that the path of constantly postponing the moment when passwords become obsolete, through fragile additions, seems fraught with danger. The reality of the cyberthreat landscape should push companies towards a paradigm shift away from the password model and knowledge-based shared secrets.
Webauthn and Access Keys: Towards Stronger Multifactor Authentication?
To protect against phishing, the WebAuthn protocol – which uses access keys or passkeys in particular – is now the subject of consensus among cybersecurity experts. With this method, when an account is created, a unique public/private cryptographic key pair is generated. These are then stored locally: on the site’s server for the public key, and on the user’s terminal for the private key, along with the site name and user ID.
To log in, the user no longer needs to enter a password or secret code shared via SMS or an authentication application. Instead, the server sends a digital authentication request that can only be resolved if the user is in physical possession of a device and can prove that he or she is the owner of the private key – through biometric verification, for example. Authentication is therefore still based on two factors, but these do not depend on the user’s knowledge, but on the physical possession of the device and the user’s own biometric characteristics. In principle, therefore, they cannot be stolen using conventional phishing methods.
What’s more, the authentication process includes a two-way check that enables the user to verify the identity of the service by means of the site domain, sent when the server requests authentication. Unlike methods that use knowledge-based passwords and secret codes, the user is no longer the only one required to prove his or her legitimacy.
Precautions To Be Taken to Ensure Robust, Simplified Authentication
This new industry standard, based on the FIDO2 standard, appears to offer proven protection against phishing – the main threat vector for credential theft – while simplifying authentication for users.
Nevertheless, while WebAuthn represents a major step forward, several vulnerabilities remain, and vigilance is still called for:
It is imperative to ensure that the device or cloud where keys are stored is secure;
The successful transition to WebAuthn requires buy-in and adoption by businesses and departments.
The theft of session cookies remains an attack vector that would enable cyber-attackers to bypass this protection.
It is important to bear in mind that cybercriminals are constantly perfecting their attack methods. That’s why adopting these technologies should be a strategic cybersecurity priority for businesses today.
According to Chester Wisniewski, Director, Global Field CISO at Sophos: “We need to move away from reliance on passwords and shared secrets. Access keys or passkeys today represent the most robust solution for building a future without passwords, phishing and, hopefully, large-scale compromise.”
How MicroSave Consulting is improving Cash Voucher Assistance to over 65,000 people in the Somali region under the UN World Food Programme relief operation.
The United Nations Capital Development Fund is leading an initiative to enhance the capabilities of Financial Service Providers (FSPs) engaged in humanitarian efforts, focusing on digital payments and agent network services. Our on-the-ground assessment revealed a gap between the needs of humanitarian aid services and the current capabilities of FSPs, prompting a new pilot with MicroSave Consulting that seeks to improve the delivery of Cash Voucher Assistance in a UN World Food Programme relief operation for 65,000 people in the Somali region. Here’s what we’ve learned.
A previous blog highlighted MSC’s recent implementation of a project to digitalize Cash Voucher Assistance (CVA) in Ethiopia’s Somali Region. This second blog focuses on the lessons learned throughout the initiative implemented in partnership with MicroSave Consulting (MSC) under the Digital Finance for Resilience (DFS4Res) Programme, funded by the European Union and the Organization of African, Caribbean and Pacific States (OACPS).
The initiative emphasized the importance of well-established financial service access points and the challenges related to distribution and the readiness of digital payment service providers. Local agents are crucial in ensuring that individuals without direct access to digital services can receive aid, which improves the efficiency, security, and financial inclusion of the cash transfer process.
Training and capacity-building efforts have strengthened the network of agents involved in delivering CVA. Key developments from this initiative include fostering connections between agency banking, business banking, and performance measurement within humanitarian assistance. While some institutions have clear business models for agency banking, many still lack awareness at the district and branch levels. The initiative has successfully onboarded over 300 new active agents with the support of the project, particularly through effective agency banking strategies.
Key Lessons
Agency Network Management Processes: Effective management is critical for advancing financial inclusion. Our approach integrates theoretical frameworks, international best practices, and on-ground findings.
Agent Recruitment and Onboarding: Recruiting reliable agents is fundamental to a robust network. Comprehensive training on banking products, service delivery standards, compliance protocols, and customer engagement strategies is essential. Successful practices are seen in countries such as Kenya and India.
Float and Liquidity Management: Maintaining transaction liquidity is crucial for operational efficiency. Effective float management involves monitoring float levels, timely cash replenishments, and providing tools for management, with successful implementations seen internationally.
Monitoring Agent Performance: Regular evaluations and continuous feedback are vital for maintaining service standards and compliance. Ongoing assessments ensure agents meet performance expectations.
Agent Support Service: Support services, including help desks and real-time troubleshooting, are essential for maintaining service quality and addressing operational challenges.
Agent Retention: Incentive structures and regular communication are key to retaining high-performing agents. Successful models in countries such as Ghana and Bangladesh illustrate effective retention strategies.
Key Developments
Periodic Reporting: Most banks have established mechanisms for monitoring agent performance, with regular reports generated by management teams.
Performance Evaluations: Continuous oversight is achieved through regular evaluations conducted by branch and digital managers, ensuring adherence to performance standards.
Key Challenges
Cumbersome KYC and Eligibility Requirements: Agents face burdensome KYC requirements slowing onboarding processes, which hinders network expansion, especially in rural areas. Many businesses are unregistered, limiting potential agents, and compliance burdens can discourage participation, particularly among women.
Liquidity Management Challenges: Agents often struggle to maintain float levels due to access issues at banks or ATMs. Insufficient cash availability during humanitarian distributions can lead to service interruptions. Additionally, agents limit transactions primarily to airtime sales due to low incentives from other cash services.
Mapping Service Delivery Points with Beneficiaries: Thorough research is needed to align financial services with the needs of beneficiaries. A lack of agents in specific areas limits service delivery, necessitating the recruitment of additional agents to ensure a sustainable ecosystem.
The training and strategy development provided by UNCDF and MicroSave Consulting, along with the efforts of banks, lay the foundation for a more inclusive financial ecosystem that enhances economic resilience among vulnerable populations. While initially piloted in the Somali region, the intervention has the potential for expansion across Ethiopia, requiring collaboration with humanitarian agencies, government bodies, and beneficiaries to streamline service delivery.
Humanitarian agencies are not only clients of financial service providers but also play pivotal roles in digitization efforts supported by policies established by DG ECHO. Moreover, telecom operators contribute to infrastructure development, ensuring access to essential services for last-mile beneficiaries.
The commitment and ongoing efforts of all stakeholders highlight the transformative potential of coordinated action in achieving broader economic development and poverty alleviation goals.
In conclusion, the insights gained from the Cash Voucher Assistance initiative in the Somali Region illustrate the necessity of fostering a well-structured financial ecosystem. While collaboration among stakeholders is essential for addressing compliance challenges and enhancing liquidity management, commitment to learning and adapting from these experiences is critical. By building on these successes, Ethiopia can serve as a model for future humanitarian interventions, ultimately contributing to poverty alleviation and economic development.
For more about the project’s context, please click here
Packaging Plants Are Eliminating Overhead Cable Clutter With Busway Grids
Packaging plants play a key part in the supply chain, directly affecting how products reach consumers. Electrical distribution systems influence how smoothly and safely things run. As packaging operations become more advanced, the way these systems are designed is getting closer scrutiny. Many facilities now prioritize solutions that can handle frequent adjustments, shorter lead times, and changes in equipment layout.
Switching to electrical busway grids is one of those solutions. They reduce overhead cable mess and make maintenance easier. This shift helps operations run more smoothly and changes how electrical systems are built, leading to better safety and more productivity.
Why Electrical Busway Systems Are Replacing Traditional Raceway Methods
Electrical Busway systems are catching on in high-speed packaging setups as a modern way to handle wiring. Their modular design keeps overhead space clean and supports both efficiency and adaptability. These compact setups reduce visual mess and help facilities make the most of every bit of overhead space, which is essential as demands grow.
Plug-in features make it easier to install or change connections, so changes can happen quickly and without much hassle. Their protective housing also guards against environmental risks, making them a good fit for the fast-paced, sometimes harsh conditions of packaging plants. Moving to busway systems can make a real difference in how efficiently and safely a facility runs.
Cabling Limitations Are Holding Back Modern Production Floors
Outdated wiring setups can make even small changes on the production floor a headache. Traditional systems often require multiple disconnections just to move a single workstation, forcing teams to reroute thick cable bundles and spend hours on maintenance. This kind of friction slows production, pushes back timelines, and adds stress to already tight schedules.
As power needs grow, older infrastructure struggles to keep up—leading to even more delays. Modular busway grids remove these bottlenecks. With quick-connect tap points and cleaner layouts, teams can make changes on the fly without interrupting flow, keeping operations responsive and productive.
Downtime Costs Are Being Cut With Tap-Off Driven Retrofits
Busway grids shine thanks to their easy plug-in design, which helps keep production moving. Tap points along the grid let teams connect new equipment with minimal interruption. The ability to plug or unplug machines quickly helps avoid costly idle time, keeping productivity and revenue steady. The upgrade process becomes less stressful and overall operations run more smoothly.
Busway grids also provide fast access to additional power without requiring a complete setup overhaul. With less time spent on preparation, teams can spend more time actually producing. Adopting modular power infrastructure reduces downtime and gives companies a stronger foundation for long-term growth.
Safety Inspections Are Flagging Improvised Cabling Workarounds
Overhead cable clutter is also a safety risk. It often leads to quick, unplanned fixes that don’t meet safety standards. Overstuffed cable trays and messy, unlabeled junctions are big warning signs during safety checks. In one instance, inspectors noted wires draped over active walkways, increasing the chances of tripping or electrical accidents. These setups can be fire hazards and make the workspace more dangerous for everyone involved.
Switching to well-organized busway grids helps solve these problems. They support smarter cable management and better planning overall. When the wiring is done right, it’s easier to stay within safety rules and avoid risks. Checking current wiring setups could help many plants raise their safety standards and meet compliance more easily.
Competitive Packaging Lines Are Prioritizing Clean Electrical Grids
Fast-moving production lines need clean electrical busway systems. These make it easier to switch between different equipment setups. When operators need to reconfigure machines for different packaging sizes or formats, busway grids simplify the process. They reduce mess and help teams make quick changes during product line swaps, keeping operations fast and dependable.
A tidy electrical layout also shows professionalism to clients. Clearly labeled components, organized cable routes, and accessible power connections all contribute to this polished impression. That kind of organization builds trust and opens doors for future business. Regularly checking and improving how the electrical grid is arranged can keep packaging plants running smoothly and productively.
Packaging plants run more effectively when electrical layouts are clean, adaptable, and safe. Traditional cabling adds clutter, slows down changes, and creates risks that ripple through operations. Busway grids offer a practical upgrade—modular, quick to adjust, and visually organized. They support faster responses to production changes and present a more professional environment to clients and partners. Facilities that switch to this setup report fewer delays, smoother installations, and better use of overhead space. As competition increases and timelines tighten, the ability to modify layouts without disruption becomes a clear advantage—one that positions teams for long-term efficiency and growth.
Modern companies, particularly those with remote operations or a broad geographic presence, have grown to depend on satellite communications almost completely. Businesses in today’s linked world depend mostly on quick and dependable communication solutions to keep ahead of the competition.
The development of satellite communications has transformed companies’ operations and given them unmatched connections even in faraway locations. Here are reasons why your business needs satellite communications.
Connectivity in Remote Areas
Even in places where terrestrial communication networks are few or nonexistent, satellite communications give companies the means to remain in touch with their staff and clients. Satellite communication systems can provide continuous connectivity that lets companies running remote operations, such as mines, oil rigs, and offshore facilities, have real-time communication and data exchange. This increases company operating effectiveness and enables them to stay ahead.
You can get Starlink for business, which offers high-speed internet access via satellite with global coverage. With Starlink, your business can ensure reliable connectivity in even the most remote locations.
Efficiency
Smartphones enable crucial business decisions on the go, remote working in distant locations and on the seas, and quick access to suppliers, colleagues, and consumers. However, not all parts of the world, especially in the West, provide a consistent phone signal, rendering network-based mobiles worthless at crucial moments and inaccessible far from established areas.
Unlike mobile networks, satellite communication equipment runs independently, so even in the case of a weak or nonexistent signal, or on a ship at sea, essential business calls can still be completed.
Data packets and GPS tracking allow field workers to check and send emails, livestream videos, or make reports to the head office, ensuring that inadequate or nonexistent signals won’t compromise their work.
Safety
Monitoring your personnel or essential items overseas is crucial, as some areas of the globe are less safe than others. Real-time, highly accurate GPS monitoring provided by satellite communication allows you to locate colleagues or vehicles at any moment and notify the authorities should proof of anything unpleasant arise.
Perfectly functioning everywhere, satellite communication also offers a range of reassuring features that enable colleagues to keep in touch: two-way messaging, SOS warnings, and thorough reports. People who go on business trips abroad will always value the peace of mind from knowing their coworkers are safe.
Contingency Planning
In business, being ready for any possibility might help to avoid major disturbances and costly losses. Downtime still happens even in the safest nations with dependable mobile networks. Periodically occurring technical issues or equipment breakdowns cause network interruptions as well.
Even in cases of terrorism, extreme weather, or civil disturbance, satellite phones, which do not depend on terrestrial networks, are practically assured to remain accessible. Many companies integrate satellite communication options in their contingency planning to prevent the financial and reputation damage from mobile network failure.
Advertise Your Business
There may be some organic marketing chances at satellite locations. They may turn into a location where clients first engage with your company. The kiosks at rail and airport stations are one instance where that is visible.
To pick up their bags or find a transport to their hotel, passengers getting off an aircraft or train typically pass by several establishments. They have a good possibility of noticing the businesses they are passing.
Retailers and eateries may advertise with one of these strategically positioned kiosks or satellite locations. An airport satellite location can offer some organic brand introduction if your company is in the hospitality industry and benefits from out-of-town traffic.
Endnote
Businesses operating in rural and remote areas where regular cell phone coverage is erratic must invest in satellite communication. You can be confident that your teams will work effectively and communicate without any disruptions when you use satellite-backed solutions.
Lori Systems, the Nairobi-based digital freight platform, has raised $2 million in a bridge round at a significantly reduced $5 million valuation, a steep drop from its 2020 peak valuation of $120 million.
Led by Delta40, with participation from Future Africa, FP Capital, and others, the new funding brings Lori’s total raised capital to over $46 million—a testament to both the company’s past promise and the current climate in African tech.
The new round reflects the broader recalibration happening across the African startup scene, where sky-high valuations are giving way to leaner, sustainability-focused operations.
Founded in 2016, Lori Systems burst onto the scene with a vision to digitize and optimize cargo transportation across Africa. Its platform connects large cargo owners to vetted transporters, reducing costs and increasing efficiency through automation, analytics, and real-time tracking.
The solution addresses a massive need: in many African countries, logistics costs can exceed 70% of a product’s retail price. By streamlining the freight experience, Lori once claimed it could cut costs by 20-30% for clients—many of whom include FMCGs, agriculture exporters, and oil & gas companies.
💡 From Hype to Headwinds
At its peak, Lori Systems operated in Kenya, Uganda, and Nigeria and raised capital from top investors including Google, Imperial Logistics, CRE Venture Capital, and IFC and it won TechCrunch’s Startup Battlefield Africa and was named a World Economic Forum Technology Pioneer. But despite these wins, Lori also faced slower-than-expected market adoption in some regions, high operational costs in low-margin transport markets and increasing competition from local and global logistics tech startups.
With this new bridge round, insiders say Lori Systems is realigning its priorities—from hypergrowth to sustainable operations.
“This isn’t the end. It’s a recalibration,” said a source familiar with the deal. “Lori still has strong tech and market insights—it now needs to prove it can operate profitably in a tough environment.”
With AfCFTA (African Continental Free Trade Area) gaining momentum, the long-term need for smarter logistics solutions remains urgent. Lori still has a shot at building the digital rails of intra-African trade, but now it must do so with discipline, operational grit, and financial focus.
While the valuation dip is significant, the fact that Lori continues to attract top-tier investors suggests there’s still faith in its vision—and a belief that African logistics tech is too big to ignore.
The journey of Lori Systems is a mirror of Africa’s tech sector—brilliant, bold, and now maturing. What matters next is not just who can raise, but who can weather the storm and execute. Lori Systems may no longer be the poster child of African startup hype, but it could still emerge as one of the continent’s most valuable logistics infrastructure builders—if it plays the long game right.
NCBA Bank and the Dentsu School of Influence (DSOI) have launched a powerful initiative to equip 60 emerging content creators with essential financial literacy, business acumen, and personal branding skills. This partnership is part of NCBA’s ongoing #TwendeMbele campaign aimed at fostering a financially empowered and economically active generation of Kenyan digital creators.
“We’ve partnered with the Dentsu School of Influence to champion the next generation of creators—equipping them with the tools to build powerful online brands, secure better deals, and make smarter money moves,” NCBA shared.
Influencers as Economic Drivers
At the heart of the workshop is a shared belief: influencers are economic drivers in today’s digital-first world. They’re not just entertainers—they’re entrepreneurs, marketers, and change agents.
“At NCBA, we believe influencers are economic drivers,” said Jacquie Muhati, Deputy Director, Marketing & Group Head of Brands. “That’s why we’re fusing our commitment to financial literacy with real conversations on money, influence, and growth—arming content creators with the knowledge to not just survive, but thrive.”
DSOI runs a six-month journey program that gives influencers a solid foundation for a career in content creation and gives them skills, tools and connections to supercharge their growth. Some of the topics at the school include Content Creation 101, Mastering Platforms, Money Matters, Working with Brands, Building Your Personal Brand, and Ethics & AI.
NCBA Bank’s workshops with DSOI are around monetization and financial literacy and investing.
The Curriculum: From Budgeting to Branding
Throughout the workshop, attendees explored vital topics such as:
Monetization strategies
Financial goal-setting
Budgeting & money personality types
Smart saving and investing
Personal branding and negotiating brand deals
“The creative economy is where innovation meets opportunity,” Jacquie Muhati emphasized. “It’s giving young people the chance to turn their passions into real, sustainable careers.That’s why at NCBA, we’ve teamed up with the Dentsu School of Influence—to grow the next wave of influencers and help them level up their skills, build meaningful brands, and make their mark.”
Understanding Your Money Personality
One of the most insightful sessions came from Paul Gicheru, who emphasized the importance of understanding how creators interact with money:“Are you a super saver or a super spender? Or do you invest more? What’s the first thing you do when you get your money? This forms the basis of your personality,” he explained.
This understanding, he added, is crucial for creators to make intentional decisions and avoid common financial pitfalls.
Practical Advice from the Experts
Jenniffer Kanyi, Head of Go Banking at NCBA, broke down financial wellness into simple, actionable steps:“Start by creating a realistic budget that balances your needs and wants. Then prioritize saving, even if it’s a small amount. Build an emergency fund to cushion against unexpected expenses. When it comes to credit, be intentional—borrow responsibly and avoid debt traps. Financial success begins with discipline.Finally, don’t shy away from investing. Whether it’s stocks, bonds, or other assets, smart investments help grow your wealth over time.”
Influence That Matters
Beyond financial education, Stephanie Odhiambo, NCBA’s Digital Marketing Manager, shed light on what truly resonates with brands:“Authenticity and relatability are everything. At NCBA, we champion real conversations and meaningful connections.”
“Great #Finfluencers blend financial savvy with authentic storytelling, passion, and relatability. They simplify money talk, build trust, and inspire action.”
Empowering the Future of Digital Kenya
As platforms like TikTok, YouTube, and Instagram continue to dominate Kenya’s content space, initiatives like this partnership between NCBA and DSOI are not just timely—they’re transformative.
This program sets a new standard for what brand-influencer partnerships can look like—purposeful, educational, and impact-driven.
Kenya, though its National Transport and Safety Authority (NTSA) has begun deploying smart digital speed cameras across major highways in the country in a bold step toward modernizing road safety and enforcement.
Motorists who over-speed will be fined on-the-go. Instantly. Without the need for a court process or police intervention which loses the government money to corruption.
How It Works
The newly introduced system is powered by AI-driven speed detection technology combined with Automatic Number Plate Recognition (ANPR). Once a vehicle is detected exceeding the legal speed limit, the system automatically captures the vehicle’s number plate and records the offense in real-time.
Fines are then issued instantly, with the offending driver receiving a notification via SMS, eCitizen, or NTSA’s online portal.
“This initiative is aimed at curbing reckless driving and reducing road accidents by enforcing speed limits more efficiently,” said an NTSA official during a press briefing.
Where It’s Active
The rollout has already begun on high-risk corridors, including:
Nairobi–Nakuru Highway
Thika Superhighway
Mombasa Road
Selected urban hotspots within Nairobi
The cameras are strategically placed in areas with high accident rates and consistent reports of speeding violations.
Why It Matters
Kenya has seen a troubling rise in road accidents, with speeding being a leading cause. Traditional enforcement methods involving traffic police have faced criticism over inefficiency and corruption. The digital speed cameras are expected to:
Enhance accountability in traffic law enforcement
Minimize human error and interaction
Enable real-time monitoring and data collection on traffic patterns and road usage
Instant Penalties: What You Need to Know
Fines are automatically calculated and issued once the offense is logged.
Motorists can view their violations on the NTSA dashboard and make payments digitally.
Repeat offenders are flagged and may face increased penalties or court summons.
The system integrates with NTSA’s existing database, which may affect vehicle registration renewals if fines are unpaid.
Digital Enforcement: The Future of Kenyan Roads
Kenya joins a growing list of countries embracing automated traffic enforcement. By removing human intermediaries and going fully digital, NTSA hopes to reduce corruption and encourage drivers to adhere to traffic rules.
The authority also hinted at expanding the technology to monitor other offenses such as lane violations, running red lights, and distracted driving using machine learning algorithms.
DigiSquad, a South African fintech advisory firm has raised an undisclosed sum from South African fintech investment platform Crossfin Ventures in a move expected to help Johannesburg-based advisory and consulting, product design, and data analytics firm expand.
With clients throughout Africa and beyond, including the US, DigiSquad is a payments advisory and platform solutions company will use the funds to expand and serve more clients.
According to DigiSquad CEO and founder Bishnen Kumalo: “Africa’s payments sector is rife with innovation, but many of the products and services that are being designed by and for underserved communities fail to recognise the existing ecosystems and innovative approaches that are already present in these communities.“
DigiSquad aims to bring solutions through the digital products in the community as a proudly African, proudly black woman-owned fintech. DigiSquad will also continue redefining the face of digital innovation and to help drive financial inclusion across the continent.
Anton Gaylard, co-founder and CXO at Crossfin, says: “As a proudly South African investment platform, we are proud to support Bishnen and her team, with some of our team having already worked with them in previous roles.
“We were attracted to their cloud-based payments platform that holds great relevance across our portfolio and has already enjoyed the endorsement of Eskom. We look forward to leveraging their expertise across our portfolio and supporting them as they build out an exciting payments business.”
Kumalo, who previously worked in an executive capacity at BankservAfrica and was a director for the Rapid Payments Programme, provided the initial spark that led to the formation of DigiSquad, the statement adds.
Partner Lundi Kumalo, who manages the operations of the business, and Keitumetse Koboekae, who heads up product development, joined shortly after to form the “Squad”.
“Having worked in teams during my time in corporate and experiencing the power of collaboration first hand, I was determined from the outset not to do this alone,” says Bishnen Kumalo. “Shortly after founding DigiSquad, I convinced Lundi and Keitu to join me as equal shareholders in the business.”
According to Crossfin, the collective experience and expertise within the squad has enabled the company to compete on an even footing with larger, more established companies.
It notes that the team drew on the technical capabilities developed while working at large banks and financial institutions to develop their own payments platform, called DigiEngine.
“We knew our technical capabilities were enough of a point of differentiation to make us competitive,” says Koboekae. “We bootstrapped the build and developed DigiEngine over an 18-month period. Recently, we were awarded a contract by Eskom to become one of its five national vending agents, beating out far larger competitors in the process.”
Lundi Kumalo adds: “DigiSquad has had to endure the pressures inherent in starting up a company balancing immediate client needs and future strategy. By taking a two-pronged approach, we were able to build a strong advisory practice, while undergoing the technical build. Getting that balance right was tricky, and we experienced several challenges along the way, but we kept on going, sometimes on just a wing and a prayer.”
The company says it now wants to scale its activities and expand its sphere of influence to a broader cross-section of the African payments and fintech landscape, which prompted its search for venture funding.
However, Bishnen Kumalo says most venture capital firms don’t look at the types of organisations that DigiSquad is seeking to support.
“I encountered Crossfin while working in corporate and liked their focus on building synergies between the companies in which they invest. While we may be a start-up, we are all highly experienced and qualified, with established networks and a strong reputation within the formal financial services sector.
“Crossfin understood this better than most and can integrate our expertise and technologies with the other companies − large and small − within its portfolio. We believe this will accelerate our growth and enable us to rapidly expand our reach and impact.”
Undoubtedly one of the most influential technologies in recent decades, the ascent of artificial intelligence has produced a mixture of reactions from individuals, organisations, and countries. Eyes widen as we explore its potential, concerns grow as it threatens jobs, and conversations take place at a global level on how it should be regulated. However, for cybersecurity professionals’ artificial intelligence presents a double-edged sword.
Although AI has shown the ability to enhance cybersecurity solutions with its pattern recognition, summarisation, and assistance capabilities, it also opens the door for threat actors to harness the technology in much more sinister ways. So, in a world where we are in a constant race to out-innovate cybercriminals, what impact will AI have, especially as it continues to evolve itself?
New technologies mean new threats
Cybercriminals have proven they shouldn’t be underestimated. They are continually updating their tactics, strategies, and tools to breach businesses, and AI only strengthens their arsenal. AI has commonly been used to help threat actors better imitate real people – altering voices, pictures, and messages to carry out convincing phishing attacks.
Beyond mimicking human behaviour, cybercriminals have begun to experiment with AI at a more technical level. Malicious GPTs have been advertised on cybercriminal marketplaces, with functions such as automated penetration testing or malicious malware development. However, sharing a similar experience to legal industries and businesses, there is still some hesitance from cybercriminals when it comes to implementing the technology into operations, as threat actors are mainly exploring generative AI in the context of experimentation and proof-of-concepts.
This does not mean organisations should see this as a sign to slow down, as artificial intelligence will inevitably become a regular feature of cyberattacks. Instead, businesses should be evaluating if they are using the technology in a secure and optimal way within their cybersecurity set up.
AI adoption is not about being first, but being smart
While AI adoption in cybersecurity can bring many advantages, it also introduces a number of risks if approached incorrectly. Poorly implemented AI models can inadvertently introduce considerable cybersecurity risks of their own – if it isn’t provided with the right inputs, it cannot provide adequate outcomes. Organisations are alert to this risk, with the vast majority (89%) of cybersecurity professionals saying they are concerned about how potential flaws in cybersecurity tools’ generative AI capabilities will harm their organisation, with 43 per cent highlighting they are extremely concerned.
This alertness must also remain for AI that’s implemented in non-cybersecurity related tools, as emerging technologies pose threats in their infancy. Agentic AI for example has become highly topical recently, but will a technology that learns from humans be able to adequately defend itself from cyber threats? At its current level, AI should be approached with the intention that it can serve a single purpose and expecting an individual system or ‘AI agent’ to do everything with minimal human interference is risk inducing.
Therefore, an organisation’s artificial intelligence advances – both within cybersecurity infrastructure and its entire technology stack – must be done with guardrails up and thorough oversight.
Fighting fire with fire without getting burnt
In an ongoing race against cybercriminals, artificial intelligence will only become a multiplier to innovation that takes place on both sides. For businesses, avoiding the risks of AI within cybersecurity systems is possible when implementation is approached with care. This can be achieved through:
Inquiring about vendor’s AI capabilities: AI requires transparency, and asking cybersecurity vendors about how their data is trained, what AI expertise their professionals have, and their roll out process for deploying AI capabilities will help paint a clearer picture of AI development best practices.
Providing strict outlines to AI investment: AI investment cannot be rushed, so it is important to assess whether AI provides the best solution for current cybersecurity challenges, prioritise specific AI investments, and measure the impact of AI once it is implemented into cybersecurity infrastructure.
Remain human first in AI adoption. Organisations should never take a set-and-forget approach to cybersecurity, and this is even more the case when AI is involved. Ultimately, cybersecurity is a human responsibility, and AI should be used as an accelerant to support cybersecurity professionals, not a replacement.
Artificial intelligence will become a mainstay within organisations for many years to come. This is no different for cybersecurity, however with such high stakes it is vital that AI is used correctly, or it will only work against its intended purpose – giving cybercriminals the leg up over organisations in this ongoing battle. It is not about implementing a range of AI capabilities to expand your cybersecurity infrastructure, but the right capabilities that address your cybersecurity needs.
Cash Voucher Assistance (CVA) is reshaping humanitarian aid. This piece by Brenda Oyugi of MSC, Endashaw Tesfaye of the United Nations Capital Development Fund (UNCDF), and Edward Obiko examines what the future holds for vulnerable communities in the Somali region of Ethiopia.
Cash transfer programming is increasingly a preferred method of delivering humanitarian aid. Armed with an injection of cash, targets for a humanitarian response can decide how to meet their own needs and respond rapidly when those needs change. What’s more, additional cash in a recovering economy can serve to buoy local businesses, helping to keep local markets healthy when crises become protracted.
Cash transfers empower recipients by allowing them to prioritize their needs: food, shelter, healthcare, or education. This flexibility is critical in diverse and dynamic situations, such as crises where needs can rapidly change.
In addition, Cash Voucher Assistance supports local economies by injecting cash directly into communities, stimulating market activity, and enabling local businesses to thrive. This is particularly important in prolonged crises where traditional aid can undermine local markets. Moreover, cash transfers are often more cost-effective, logistically simpler, and more straightforward to distribute than in-kind aid, reducing overhead costs and ensuring a greater portion of funds directly benefits those in need.
Over the past decade, cash transfer programming globally has seen significant growth within the humanitarian aid sector. By 2016, the UN Secretary-General emphasized that cash transfers should become the primary support method for crisis-affected populations whenever feasible. This recommendation was rooted in the evolving understanding that cash-based interventions often provide more flexible, efficient, and dignified assistance than traditional in-kind aid.
The roots of Cash Voucher Assistance (CVA) trace back to the early 2000s when pilot projects demonstrated their effectiveness in various contexts, including responses to natural disasters and conflicts. By the mid-2010s, numerous large-scale humanitarian organizations had integrated CVA into their standard practices. For instance, in 2015, the UN’s World Food Programme (WFP) reported that CVAs constituted 21% of its food assistance portfolio. Data from the Cash Learning Partnership (CaLP) reveals that by 2018, over USD 5.6 billion was distributed through CVA globally, marking a substantial increase from previous years.
As CVA usage grows, the modes of delivery also evolve. Initially, cash assistance often involved physically disbursing cash to recipients, which posed challenges such as security risks and logistical complexities. However, the proliferation of digital technologies and mobile banking or mobile money has significantly transformed the disbursement landscape. According to CaLP, digital payments are now becoming a preferred method of delivery for the distribution of CVA.
Donors such as the European Union’s humanitarian unit, DG ECHO, are promoting a “Digital by Default” form of humanitarian support distribution while implementing partners such as WFP are piloting digital payment in countries such as Ethiopia and Somalia. For instance, a 2020 pilot in Somalia demonstrated the effectiveness of this shift, with 63% of all such supports transitioning to digital payments by 2022. While the move towards digital payments has enabled greater speed and scale of response; a study conducted in the Horn of Africa has shown that humanitarian agencies are concerned about the time it takes to establish contracts with financial service providers.
Furthermore, a study conducted in Kenya by the Center for Global Development (CGD) and MicroSave Consulting (MSC) Global shows strong support for offering choices in financial service distribution channels where this is feasible. This choice is also advisable to address the demand of last-mile beneficiaries. Today, financial service providers (FSPs) and mobile money platforms are increasingly being used to transfer funds directly to beneficiaries’ accounts using digital payment solutions.
Why digitize payments in humanitarian aid in Ethiopia?
The Ethiopian government has been distributing CVA under the Productive Safety Net Programme (PSNP) since 2005. Notably, it was the first program to use mobile money in mid-2015, after a successful pilot in the Tigray region by the regional bureau office supported by UNICEF (It used the M-BIRR service of Dedebit MFI). Various organizations, including the World Bank, WFP, UNHCR, Islamic Relief, and World Vision, are involved in these humanitarian interventions.
Despite a substantial increase in account ownership in Ethiopia—from 22% in 2014 to over 46% in 2022 —a significant gap remains, particularly in rural areas, where over 75% of the population still struggles with limited access. The gender disparity is also striking, with only 39% of women owning accounts compared to 55% of men. These challenges highlight the urgent need for strategic interventions to further expand account ownership and improve the services provided to beneficiaries.
A critical component of advancing digital ways of distributing CVA in Ethiopia includes Financial Service Providers (FSPs) building a trained and appropriately incentivized agent network. This network, combined with a clear business model and the implementation of a master or super-agent model, can effectively reach small agents at a village level to support financial institutions. In a CaLP study, six bulk payment operators in humanitarian intervention2 reflected that such an agent network management structure is key to planning and managing liquidity for bulk disbursement services. This network should also target female agents in regions such as the Somali region, as their involvement can significantly enhance financial inclusion and gender equality.
Based on these findings and the knowledge of Ethiopian financial service providers, the United Nations Capital Development Fund (UNCDF) is leading an initiative to enhance the capabilities of FSPs engaged in humanitarian efforts, focusing on digital payments and agent network services. A comprehensive on-the-ground assessment revealed a gap between the needs of humanitarian aid services and the current capabilities of FSPs. In response, UNCDF, in partnership with MSC, launched a pilot program involving three FSPs—Commercial Bank of Ethiopia, Shebelle Bank, and Cooperative Bank of Oromia—to improve the delivery of CVA in a WFP intervention supporting 65,000 beneficiaries in the Somali region. The project was implemented in partnership with MSC under the Digital Finance for Resilience (DFS4Res) Programme, funded by the European Union and the Organization of African, Caribbean, and Pacific States (OACPS).
Follow here to go into the details of the lessons learned from this project.
MEST Africa, in partnership with the Mastercard Foundation, has selected 12 EdTech startups to join the second cohort of the Mastercard Foundation EdTech Fellowship in Ghana.
This six-month entrepreneurship acceleration program will equip the EdTech ventures with mentorship, funding, and expertise in the science of learning and builds on the success of the first cohort of 12 EdTech Companies, whose solutions impacted over 136,798 learners during the period of acceleration.
According to Angela Duho, Program Manager at MEST Africa, “In Ghana, EdTech is not just about innovation—it’s about creating equal opportunities for every student, no matter where they live. It empowers teachers with the tools they need to inspire, and it prepares our youth for a future where digital skills are essential. The first cohort has already shown us what’s possible, and we’re confident that these new Fellows will continue to transform education and unlock potential across the country.”
The 12 EdTech companies selected for the 2025 cohort will over the next six months benefit from comprehensive support, including expert mentorship, access to funding, and specialized training to help them scale their solutions effectively and sustainably.
They include:
TECHAiDE (https://TECHAiDE.Global/) is a social enterprise committed to enhancing education, youth development, and healthcare throughout Africa. Since 2011, they have collaborated with global partners to deliver practical, affordable, and lasting solutions that uplift individuals, strengthen communities, and support institutions in creating brighter futures
MooslaTrain (https://apo-opa.co/3S08HuA) is redefining math education in Ghana by sparking curiosity and confidence in students. This is done through community-driven math clubs and digital learning tools that make math approachable and fun, equipping young learners with the skills to thrive in STEM and beyond.
Scribble Works Publishing House (https://ScribbleWorks.carrd.co/) is passionate about enriching education in Africa by providing educators and students with affordable, curriculum-aligned materials and interactive digital tools, fostering engaging learning experiences backed by actionable insights.
InovTech STEM Center is an innovation hub devoted to bringing STEM education to underserved communities. Through hands-on robotics and coding programs—like STEM4Her, Powered Girl, and Powered Boy—they inspire students and teachers to develop skills that open doors to new opportunities.
STEMAIDE (www.STEMAIDE.com) is focused on reshaping education in Africa by nurturing problem-solving, creativity, and entrepreneurial spirit in young people. STEMAIDE strives to prepare the next generation with the tools and mindset to succeed in an ever-changing world.
Nikasemo Technologies (www.Nikasemo.com) is dedicated to enhancing the classroom experience in basic schools with their software and hardware solutions that streamline school operations and create dynamic, engaging learning environments that help students reach their full potential.
Jesi AI (https://AI.UseJesi.com/) is a generative AI assistant supporting teachers in Ghana’s junior and senior high schools. By simplifying the creation of high-quality, curriculum-aligned lesson plans and materials, Jesi AI saves educators time while also acting as a virtual tutor to guide students and track their growth.
Metaschool AI (https://MetaschoolApp.com/) is an educational app designed with BECE and WASSCE students in Ghana in mind. Offering interactive video lessons from top instructors, Metaschool provides a flexible, student-paced learning platform that makes academic success more achievable.
Maxim Nyansa Foundation (https://MaximNyansa.com/) empowers high school students and teachers across Africa with vital IT infrastructure and educational software. By tapping into open-source solutions, Maxim Nyansa improves access to quality education and works to close the digital gap.
The Ghana Olympiad Academy (https://GhanaOlympiadAcademy.com/),through its Academic Talent Development Programme, brings hands-on STEM learning to learners in Ghana. They nurture talent in literacy, numeracy, and STEM, preparing young minds for leadership and innovation on a global stage.
Asah Maker-Space is passionate about automation, robotics, 3D printing, coding, and construction. Asah Makerspace’s team of skilled educators and tech enthusiasts empowers the next generation of creators through immersive, practical learning experiences.
Craft EducationTechnologies (www.CraftEducation.io) bridges the gap between therapists, parents, and teachers to create a seamless support system for children with behavior and learning challenges, including autism. This collaborative model ensures that every child receives the individualized attention they need to succeed.
“The Mastercard Foundation looks to support the acceleration of EdTech solutions that reach all, including those out-of-school young people who are constantly left out of the education ecosystem. For it is when we design with the end user in mind that the business case for the solutions is more scalable, sustainable and impactful. Our collaboration with MEST Africa is to transform education in Ghana through technology-enabled learning”, added Rodwell Mangisi, the Acting Director of the Mastercard Foundation Centre for Innovative Teaching and Learning.
Through the Mastercard Foundation EdTech Fellowship, this cohort will embark on a transformative journey, gaining mentorship from experts in education innovation, sustainability, and scale, access to courses on the science of learning, and equity-free grants. This robust support aims to scale their solutions and elevate educational outcomes for millions across Ghana and Africa.
The Massachusetts Institute of Technology (MIT) proudly announces the renaming of the Legatum Center for Development and Entrepreneurship into the MIT Kuo Sharper Center for Prosperity and Entrepreneurship, signifying a renewed commitment to accelerating economic prosperity through innovation-led entrepreneurship in growth markets—including Africa. This transition is made possible through a generous gift from Sayuri Sharper (SB ’81, SM ’82) and Craig Sharper (SM ’80), whose passion for entrepreneurship and global prosperity aligns with MIT’s commitment to fostering transformative change.
Unveiled during the Innovation in Global Growth Markets: Prosperity Through Entrepreneurship Conference, this landmark shift underscores the center’s vision: positioning entrepreneurship as a driver of economic agency and a bridge to growth market’s (including Africa) full participation in the global knowledge economy. By strengthening innovation ecosystems, the Center aims to equip entrepreneurs with the tools needed to scale solutions that address real-world challenges while ensuring these dynamic regions emerge as global hubs for technological advancement.
“The generous gift from Sayuri and Craig Sharper will allow MIT to extend its impact across Africa and other growth markets,” said Georgia Perakis, John C Head III Dean (Interim) at the MIT Sloan School of Management. “Through this support, we are fostering a new era of entrepreneurship—where bold thinkers and visionary innovators are empowered to shape Africa’s economic future.”
Africa’s Entrepreneurs at the Forefront of Transformation
Since its inception in 2007, the center has provided nearly $10.5 million USD in tuition support to over 400 fellows from 67 countries, catalyzing groundbreaking solutions across fintech, healthcare, deep tech, and sustainable energy. African entrepreneurs have been among the most impactful beneficiaries of the center’s programs.
To date, the center has nurtured 344 student fellows from across growth markets globally, resulting in 286 ventures—75% of which remain active today. Additionally, more than 45 FoundryFellows from Botswana, Nigeria, Egypt, Ghana, Gabon, Kenya, Morocco, Senegal, Ethiopia, Rwanda, South Africa, and Zambia have engaged with the center, spearheading change across key industries. Their entrepreneurial contributions are redefining Africa’s economic landscape and reinforcing the continent’s standing as a powerhouse of innovation and opportunity.
With the unwavering support of the Kuo Sharper family, the center is committed to scaling its efforts—expanding research, fortifying entrepreneurial networks, and shifting global narratives about growth markets including Africa. The vision is clear: entrepreneurs are not merely participants in the global economy but architects of its transformation, pioneering solutions that drive inclusive growth, sustainability, and competitiveness.
“Entrepreneurship is about resilience, ingenuity, and the ability to shape the future,” said Sayuri Sharper, CEO of Kuo Sharper Initiative and President of KSF Impact. “At MIT, we have the privilege to support bold African entrepreneurs who are turning challenges into opportunities and leading the continent toward lasting prosperity.”
Advancing Entrepreneurship and Innovation Across the Continent
Under its new name, the MIT Kuo Sharper Center for Prosperity and Entrepreneurship will continue to expand its flagship programs—including the MIT Student Fellowship,Foundry Fellowship, in addition to off campus educational initiatives and bootcamp programs, while forging collaborative partnerships to mobilize capital, scale ventures, and embed entrepreneurship as a foundation for sustainable development.
“This evolution is more than a name change; it represents a bold step toward building a new calculus for global prosperity—one that centers the ingenuity, resilience, and leadership of entrepreneurs in Africa and other growth markets,” said Dina H. Sherif, Executive Director of the MIT Kuo Sharper Center for Prosperity and Entrepreneurship. “We are moving beyond outdated narratives of dependency to a future where African entrepreneurs are recognized as architects of global innovation and essential contributors to solving the world’s most pressing challenges.”
With senior African policymakers, investors, and visionary business leaders convening for the center’s annual conference on April 23-24, 2025, the conversation continues: how can Africa unlock its full entrepreneurial potential and cement its role in shaping the future of global innovation?
For more information on the MIT Kuo Sharper Center for Prosperity and Entrepreneurship, please visit the center’s official website here. To register for the ongoing conference and access the live stream, visit the event platform.
IZI Electric has launched the Impala E30, a 30-seater electric coach set to take on Roam Buses and disrupt electric public transport in Africa.
The Impala E30 features CATL’s revolutionary BC5 battery system, backed by an unprecedented 10-year/1-million-kilometer warranty, the first and the best in Africa, says the team.
“This warranty is the breakthrough the market has been waiting for,” explained Alex Wilson, CEO of IZI Electric. “Until now, electric bus manufacturers have typically offered an average 4-year or 400,000-kilometer warranties, creating significant anxiety about long-term battery performance and limiting financing options. Our 10-year warranty fundamentally changes this dynamic, giving both operators and financial institutions the confidence to invest in cleaner, more economical transport.”
The Impala E30 will join IZI’s leasing fleet in June, with initial deployment focused on intercity routes exceeding 400 kilometres per day. With over 50 units already ordered, IZI is rapidly scaling operations in Rwanda.
Game-Changing Economics
With pricing expected to be 10-40% lower than equivalent electric vehicles from Europe and China, the firm sees a big market for Impala E30 in Africa. A typical intercity bus traveling 200km daily in Africa consumes approximately $64 in diesel at current prices compared to $8 the Impala E30 requires to cover the same distance across markets like Zambia, Tanzania, and Ethiopia.
Over a 10-year period, the total operating cost savings are drastic when going electric, diesel bus 10-year fuel cost is ~$233,650 compared to Impala E30 10-year fuel costs at ~$29,384, a 10-year savings per vehicle or over ~$204,266. This represents up to 87% saving on fuel costs over 10-years, transforming income for public transport operators.
Designed for Africa, the Impala E30 features marine-grade anti-corrosion materials to combat coastal salt exposure, reinforced waterproofing systems for tropical environments, optimized suspension for varied road quality including unpaved roads and advanced thermal battery management system for high-heat conditions.
Smarter Fleets, Lower Risk
Its IZI Connect fleet management platform provides operators with real-time monitoring of vehicle location and performance, predictive maintenance alerts that prevent breakdowns before they occur, driver behaviour insights to maximize range and safety and smart route optimization based on energy consumption patterns.
“Our integrated fleet management system is critical to improving operational efficiency,” said Wilson. “By providing real-time data on vehicle performance and driver behaviour, we’re helping operators extract maximum value from their investment.”
Designed for the Coaster Economy
“The Coaster has been the workhorse of African transport for decades, with over 100,000 in operation” Wilson explained. “In Rwanda alone, there are over 1,000 diesel coasters in service. In Tanzania, they dominate intercity routes, while in Ghana, they’re the preferred choice for corporate staff transportation. We’ve designed the Impala E30 to seamlessly replace these vehicles with a zero-emission alternative that offers similar acquisition costs but dramatically lower operating expenses.”
Strong Demand Already Rolling In
IZI has already secured over 50 pre-orders from transport operators across East Africa, with the first vehicles set to arrive in July 2025.
Suno’s innovative approach to music generation offers unprecedented accessibility and versatility. By converting textual descriptions into fully realized musical compositions, it empowers users to explore new creative horizons without the need for extensive technical expertise. This article provides a detailed guide on utilizing Suno effectively, exploring its core features, customization options, and best practices to maximize your music production experience.
What is Suno
Suno leverages sophisticated AI models to interpret user-provided text prompts and generate corresponding musical outputs. The platform’s architecture is designed to accommodate a wide range of musical styles and structures, making it a versatile tool for various creative applications.
Key Features of Suno
∙ Text-to-Music Conversion: Users can input descriptive text prompts, and it generates music that aligns with the provided description.
∙ Customizable Parameters: it allows for detailed customization, enabling users to specify aspects such as genre, mood, instrumentation, and song structure.
∙ Iterative Development: Users can refine their compositions through iterative prompts, progressively enhancing the musical output.
How to Use Suno for Music Production?
1. Sign Up and Set Up Your Suno Account
∙ Visit the official Suno website and create an account.
∙ Choose a subscription plan that suits your music production needs. ∙ Configure settings based on your preferred music style.
2. Familiarize Yourself with the User Interface
∙ Explore the dashboard and locate music-related tools.
∙ Customize settings for tempo, genre, and instrument preferences.
∙ Learn where to access AI-generated loops and patterns.
3. Select Your Music Creation Mode
Suno offers various functionalities depending on your goals:
∙ Melody and Harmony Generation: Create tunes using AI-generated suggestions. ∙ Beat and Rhythm Production: Develop drum loops and rhythmic patterns effortlessly. ∙ Audio Enhancement and Effects: Apply professional sound effects to enhance compositions. ∙ Collaboration and Sharing: Work with other musicians using cloud-based integration.
How to Use Suno for ComposingMusic?
Suno simplifies the music composition process through AI-driven assistance. Here’s how you can create your next hit track:
1. Choose Your Music Genre
∙ Select from various genres like pop, hip-hop, electronic, rock, or classical. ∙ Define the mood and energy level of your track.
2. Generate AI-Powered Melodies and Harmonies
∙ Use Suno’s melody generator to create inspiring tunes.
∙ Adjust note sequences, tempo, and key signatures.
∙ Experiment with chord progressions suggested by AI.
3. Create a Rhythm and Beat Structure
∙ Utilize AI-generated drum loops and percussive elements.
∙ Customize beat patterns to fit your style.
∙ Layer different instrumental sounds to create depth in your composition.
4. Add Instrumentation and Effects
∙ Choose from synthesized instruments or real instrument emulations.
∙ Apply reverb, delay, and equalization for a polished sound.
∙ Use automation tools to adjust dynamics and transitions.
5. Finalize and Export Your Track
∙ Review your composition and make necessary refinements.
∙ Export your music file in preferred formats like MP3 or WAV. ∙ Share your creation on streaming platforms or with collaborators.
How to Get started with Suno
Getting started with Suno is easy, enjoyable, and straightforward. Whether you prefer a quick, seamless approach to generating music or want to dive deeper into customizing the style and lyrics of your song, the platform caters to your needs. Choose between two options based on your preferences and comfort level.
Option A: Simple Method
The Suno interface makes creating music as effortless as providing a prompt.
Steps to follow:
∙ Provide a Prompt: Think about the mood, theme, or story you’d like your song to convey. It can range from ideas like “a calm beach melody” to “an energetic rock anthem.” ∙ Click Create: Suno’s AI will compose two distinct versions of your song based on your input with just one click.
∙ Review and Select: Listen to both versions and choose the one that resonates with you the most.
Option B: Advanced Customization Method
This method offers greater control over the song’s lyrics, musical style, and overall vibe. Steps for customization:
Generate Lyrics
You can create lyrics quickly using Suno’s AI Lyric Generator or opt for external tools like Claude or ChatGPT for more tailored results. These external language models often deliver lyrics that align closely with your desired theme and style. You can refine the lyrics further by using specific prompts for a polished final product.
Personalize Your Song
∙ Lyrics: If you’ve created lyrics using an external model, paste them into Suno’s interface. Alternatively, if you’re using Suno’s Lyric Generator, the lyrics will auto-populate for you. You can addtags like [Chorus], [Verse], or [Break] to guide Suno in structuring the song.
∙ Style of Music: Specify your desired musical genre, such as pop, classical, jazz, or cinematic orchestral. Suno will align the composition with your preferences.
∙ Persona (Beta): Utilize Personas to replicate the tone, energy, and atmosphere of an existing track for your new song. To create a Persona:
∙ Pick a song you admire.
∙ Go to the “More Options” menu above the lyrics display.
∙ Choose Create -> Make a Persona.
∙ Title: Assign a title to your song. This helps with organizing, storing, and retrieving your work seamlessly.
Generate Your Music
Press the create button, and Suno’s AI will generate two versions of your song for you to choose from, similar to the simple method outlined earlier.
it offers you flexibility and creativity, empowering you to create music effortlessly—whether it’s a quick prompt-based melody or a fully customized song tailored to your vision.
How to Prompt Suno
Embarking on your music creation journey with Suno involves several key steps, from crafting effective prompts to utilizing advanced customization features.
Crafting Effective Prompts
The foundation of a successful music generation process in Suno lies in the clarity and specificity of your text prompts. A well-crafted prompt guides the AI in producing music that closely aligns with your creative vision.
Elements of a Detailed Prompt
∙ Era: Specify the time period to evoke a particular musical style (e.g., “1980s synth-pop”). ∙ Genre/Subgenre: Define the musical genre to set the stylistic framework (e.g., “lo-fi hip-hop”). ∙ Region: Indicate regional influences to incorporate specific cultural elements (e.g., “Brazilianbossa nova”).
∙ Vocal Style: Describe the desired vocal characteristics (e.g., “smooth jazz vocals”). ∙ Descriptors: Use adjectives to convey mood and energy (e.g., “melodic,” “energetic”). Example Prompt:
“1990s alternative rock, United States, gritty guitar riffs, dynamic drum patterns, powerful vocals.” Utilizing Suno’s Meta Tags
To structure your composition effectively,it supports the use of meta tags that delineate different sections of the song.
Common Meta Tags and Their Functions
∙ [Intro]: Denotes the introduction of the song.
∙ [Verse]: Indicates the main narrative sections.
∙ [Chorus]: Marks the recurring, catchy segments.
∙ [Pre-Chorus]: Serves as a build-up to the chorus.
∙ [Bridge]: Provides a contrasting section to add variety.
∙ [Outro]: Signifies the conclusion of the song.
Example Prompt with Meta Tags:
[Intro] Soft piano intro
[Verse] Gentle vocals narrate a nostalgic memory [Chorus] Catchy hook with upbeat rhythms [Bridge] Instrumental break with guitar solo [Chorus] Repeat catchy hook with added harmonies [Outro] Fade-out with ambient sounds
How much does Suno Music Cost
Suno offers a range of plans designed to cater to different needs and budgets, ensuring everyone can find the right fit for their music creation journey. If you’re experimenting or just starting out, the Basic Plan is completely free and ideal for trying out Suno’s features. For those looking to monetize their creations, the Pro Plan provides professional-level tools to turn your work into a business. Creators requiring large-scale production can benefit from the Premier Plan, which delivers the volume and speed necessary for high-efficiency projects. Students on a budget can access pro-level features with the Student Plan, offering premium capabilities at a lower cost. No matter your level of expertise or goals, it provides flexible options to support your creative aspirations.
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More details about Suno Music API
Conclusion
Suno is revolutionizing music production by offering AI-powered tools that simplify the creative process. Whether you’re a beginner exploring new sounds or a professional producer looking to enhance efficiency, it provides a versatile platform for music creation. By understanding its features and best practices, you can leverage Suno to compose, refine, and share high-quality music effortlessly. Start using Suno today and take your music production skills to the next level.
Connected Africa Summit has announced the official call for entries for the 2025 Connected ICT Innovation Awards, inviting tech innovators across the continent to submit their groundbreaking solutions.
The awards will recognise outstanding achievements in four key categories: AgriTech, GreenTech, Creative Economy, and AI & Cybersecurity for Business and Government. To qualify, applicants must have a registered company, an active product or service in use for at least six months, and serve African end-users either directly or via partners.
Winners will be honoured at the 13th annual Connected Africa Summit, scheduled for May 26 – 29, 2025, at Diamonds Leisure Beach & Golf Resort in Diani. They will receive trophies, certificates, and exposure to potential investors, partners, and customers from across the region.
“Innovation is the cornerstone of Africa’s digital transformation, and the Connected ICT Innovation Awards continue to showcase the continent’s incredible potential,” said Stanley Kamanguya, CEO of the ICT Authority. “We invite all innovators to step forward with solutions that are shaping our future from agriculture and green tech to AI and creative industries.”
Submissions will be reviewed by a panel of expert judges drawn from across Africa. The awards are part of the broader Connected Africa Summit programme, which brings together stakeholders from government, industry, academia, and the innovation ecosystem to advance the digital economy agenda.
Since their inception in 2011, the Innovation Awards have recognised more than 110 ICT solutions that have demonstrated impact, scalability, and innovation across the continent.
Past awardees have used the platform as a springboard to expand into new markets. Among them is Elly Savatia, Founder of Signvrse, who was named First Runners-Up in the Healthcare category in 2024.
“I am grateful for the opportunity and support extended to us last year when we were named First Runners-Up in the Healthcare Category during the Connected Africa Summit 2024 Innovation Awards. The platform offered us both visibility and validation, and it has truly helped accelerate our journey.”
The deadline for submissions is May 2, 2025. Interested innovators can apply via the official portal at https://connected.go.ke.
Digital nomadism had started long ago – around 15 to 20 years – in Africa but was only made popular around 2014-2015 when conference series, co-working spaces, and online communities started emerging. In fact, most African digital nomads have taken advantage of the skilled worker visa to relocate to the UK for remote work.
As digital nomadism became more popular, most countries created the digital nomad visa to allow remote workers to travel and live in their country for a certain period. Seeing the advantages that come with being a digital nomad, most Africans are now drawn to this lifestyle.
The aim of the digital nomad visa is to attract remote workers who are highly skilled in entrepreneurship, design, and tech. When these digital nomads spend on leisure, food, transportation, and housing, it helps boost the country’s economy.
For more Africans who work remotely and wish to travel the world, this article will explore digital nomad visas available to African citizens in 2025. You will learn about digital nomad visas you should target in 2025, eligibility criteria, and a step-by-step guide on how to apply.
The Rise of African Digital Nomads
What could have contributed to the rise of digital nomadism among Africans? Certain factors such as the growing popularity of remote working and the desire to experience a new culture and lifestyle while still earning.
Looking at the current value of most African currencies, having more global income streams can enable them to afford the digital nomad lifestyle comfortably. Unlike what other countries would like to believe, most African countries have access to fast internet networks and remote job opportunities.
Unfortunately, unlike other digital nomads, African digital nomads suffer certain limitations when seeking international opportunities. For instance, Africans from certain countries have been banned from visiting certain countries and while trying to visit the other countries that they can, they pass through strict scrutiny before they are approved.
Also, most Africans are not even aware that opportunities like this exist because of a lack of proper circulation of information. When they later become aware, the thought of passing through different complex immigration policies discourages most of them.
What most Africans don’t know is that the digital nomad visa is a legal and streamlined way to leave the country while working from the comfort of your location. You get to meet other digital nomads who can introduce you to new ideas, markets, and experiences.
Key Digital Nomad Visas African Citizens Can Target in 2025
Within Africa, there are countries that offer digital nomad visas such as Namibia, Mauritius, Kenya, South Africa, Seychelles, and Cape Verde.
In Europe, countries that offer digital nomad visas include Malta, Croatia, Estonia, North Macedonia, Latvia, Norway, Iceland, Georgia, Portugal, Romania, Hungary, Spain, Italy, Cyprus, Greece and many more.
In Asia, countries that offer digital nomad visas include Malaysia, Dubai, Thailand, Indonesia, South Korea, Serbia and Japan.
To discuss the requirements for each country would be time-consuming, hence, only general requirements will be discussed. Those who wish to visit any of these countries as digital nomads must be at least 18 years of age.
For Europe, they have to be citizens of developing countries, not EU or Swiss nationals. Depending on the country, you have to meet a minimum income requirement (this is usually 2 or 3 times the country’s minimum wage).
You need to be a remote worker employed by a country outside the host country. You also need to have private medical insurance coverage since you may not have access to the host country’s public healthcare services.
You need to have proof of where you will reside during your stay – this can be a receipt from rent paid, tenancy agreement, etc. You must submit a criminal record that says you’re free of committing any crime or have ever been convicted before.
Note that your passport must still be valid which means it will not expire within six months at the time of application. When you finally select a country whose digital nomad visa you want to apply for, be sure to check if they have additional requirements.
The price for a European digital nomad visa differs from country to country. For instance, Georgia’s digital nomad visa is free, Estonia charges €100, while Malta charges from €300 to €3000.
A digital nomad visa might be the best option for you because you get access to their healthcare and education, you can easily switch to permanent residency, you enjoy tax benefits and your family can relocate with you.
Eligibility Requirements and Key Considerations for African Applicants
The general requirements for a digital nomad visa have been discussed in the above section. However, there are stricter considerations for African citizens. For instance, there are stricter requirements for the documents they are to submit.
Another thing to be considered is the currency conversion when submitting financial proof. Some countries in Europe have their minimum income requirement at 49,000 while some in Asia have it at 61,000.
The processing time for Africans usually takes longer because immigration authorities always take more time to verify their claims. Hence, it is left for African applicants to do their due diligence by making thorough research and ensuring that their application comply with recent visa regulations.
Step-by-Step Guide to Apply for the Digital Nomad Visa as an African
Before you start your application, make your research about the right type of visa to apply for based on the country you are going to. Then gather all the documents you will be expected to submit such as your passport, bank statements, travel itinerary, etc.
Go to the official website of the country you are applying to and create an account on their portal. Then complete the online application form with accurate and complete personal information.
If the country you are applying to requests for an interview, then you will have to schedule an appointment and attend the interview. You may have to show proof that you’ve secured an accommodation and have made other travel arrangements.
How Visa Delays Impact Global Procurement and Supply Chains
The digital nomad visa usually comes to the rescue when the visas of business owners who want to go abroad for business are delayed.
Seeing that this delay can cause increased costs, potential contract breaches, labour shortages and can impact staffing plans, companies can decide to opt for the DNV as a contingency plan.
Also, when the visa is delayed and the supply chain is affected, it can further lead to delays in production and challenges in meeting customer demand. To avoid bottlenecks and disruption of the flow of goods and materials across borders, some companies just opt for the DNV.
Tips for a Successful Digital Nomad Journey as an African
The foundation of applying for your digital nomad visa lies in how convincing your portfolio is. You need to prove that your skills and experience match the amount you claim to make. This means that you need to show proof of remote work that accounts for the money in your account.
You cannot have started remote work a month ago and already have $61,000 in your account unless you can prove legit areas where you got the money from such as savings and investments.
Connect with other digital nomads on online platforms and probably in-person meetups. Building a relationship with them – especially with those who have more experience than you – will help you learn more about having a successful journey as an African digital nomad.
EV24.africa, a new African marketplace for electric vehicles (EVs) has been launched by Africar Groupand AUTO24.africa, to enable buyers in all 54 African countries to access a wide range of over 200 models from more than 25 global brands, with competitive pricing and seamless delivery.
With the increasing shift toward sustainable mobility, EV24.africa simplifies the process of purchasing EVs by offering a trusted, transparent, and customer-focused marketplace where individuals and businesses can explore and buy electric vehicles suited for African roads.
According to Axel Peyriere, Co-Founder and CEO of AUTO24.africa, “Africa is ready for electric vehicles, and EV24.africa is here to make the transition smooth and accessible. Our mission is to provide a trusted, transparent, and competitive EV marketplace for buyers across the continent. As governments introduce new policies and charging infrastructure improves, now is the time to accelerate the shift to sustainable mobility.”
African governments are introducing new incentives and policies to accelerate EV adoption but to buyers, there are not enough places to source high-quality EVs, understand import regulations, and secure post-purchase support. EV24.africa aims to offer a vast selection of over 200 EV models, ranging from compact cars and SUVs to pickups and commercial vehicles and is working with more than 25 globally recognized brands, including BYD, Tesla, Toyota, Dongfeng, Wuling, Leapmotor, Peugeot, Citroen, Fiat and more.
The platform will cover import and logistics services for all 54 African countries to make EV ownership accessible. The launch of EV24.africa builds on the experience and success of AUTO24.africa, which has already sold electric vehicles in over 15 African countries, including Morocco, Senegal, Côte d’Ivoire, Rwanda, Gabon, Republic of the Congo, Benin, Togo and several others.
The adoption of electric vehicles (EVs) is gaining momentum across Africa, but remains hindered by the complexity of customs regulations, which vary significantly from one country to another. To address this challenge, EV24.africa, aims to help in the importation of electric vehicles, offer tailored support to its clients by providing clear, up-to-date information on customs duties, tax exemptions, and available incentives—through its network of logistics partners, forwarding agents, and local teams.
“Electric vehicles are not just about sustainability; they offer long-term savings on fuel and maintenance. With rising fuel costs and advancements in charging infrastructure, EVs are becoming an increasingly smart investment. EV24.africa is here to help individuals and businesses make that transition.” added Axel.
EV24.africa is committed to eliminating barriers to EV ownership by providing the largest selection of EVs in Africa, catering to different needs and budgets and giving transparent pricing and clear delivery processes, ensuring customers know exactly what they are paying for.
PDFs are firmly established as one of the most common file formats for sharing documents. One of the big reasons why it is such a universally popular option is that it is a smart and convenient way to preserve layout and formatting.
However, there will be occasions when a simple-looking PDF ends up being much larger than expected. This is frustrating as it makes it harder to email, upload, or store.
Why does this happen? There are actually some common reasons why this might happen. Let’s explore some causes and explanations as to why your PDF file is so large, and then provide some helpful tips and guidance on how to reduce PDF document size to where you want it to be.
It is possible that high-resolution images are embedded in the PDF
One of the most frequent culprits behind an unnecessarily bloated PDF file is down to the presence of high-resolution images.
It could be photos, scanned pages, or illustrations. These are all large image files that can very quickly cause your document to become oversized.
The good news is that it is easy to fix this issue without having too much technical know-how. What you need to do is compress the images before adding them to the PDF. You can do this using tools like TinyPNG or Photoshop, who will do all of the technical work for you. These tools reduce image resolution without losing too much quality.
It is also worth noting that using vector graphics where possible, such as SVGs, instead of raster images like JPEG or PNG can also help prevent the problem in the first place..
If the PDF file has already been created, use a PDF editor like Adobe Acrobat or Preview for Mac to compress the entire document.
Unoptimized scans are another common cause
What you can find is that scanned documents often save each page as a high-resolution image rather than actual text and formatting. This results in massive file sizes, especially for multipage documents.
To get around this problem, when scanning, choose a lower DPI (dots per inch). For standard text, 150-200 DPI is usually sufficient. You could also use OCR (Optical Character Recognition) tools during scanning.This is helpful as OCR converts scanned images into searchable and editable text, which significantly reduces the file size.
Bear in mind that many scanner apps and multifunction printers include “small file size” or “compact PDF” settings. Use these tools to avert the issue of a large file size in the first instance.
Custom fonts and embedded content can prove troublesome
Embedding custom fonts and non-standard elements like forms, multimedia, or JavaScript can soon increase a PDF’s size.
While font embedding is a good way to achieve a consistent appearance across devices, it can quickly add hidden bulk. To reduce your file size, you should aim to stick to standard system fonts such as Arial or Times New Roman, which don’t need to be embedded.
If you’re using a PDF creator or editor, look for an option to subset fonts. Using this option means only the characters used will be embedded. Also, avoid embedding unnecessary elements like videos, audio files, or interactive forms unless they are essential to the content.
Redundant metadata and hidden data can soon bloat the file size
PDFs have the ability to accumulate background data like version history, annotations, comments, and metadata. The problem with this is that they aren’t immediately visible but still contribute to the overall file size.
A good way of fixing this particular problem would be to use a PDF cleaner or editor to remove metadata and hidden elements. If you are using Adobe Acrobat, for instance, it has a feature under “Sanitize Document” or “Remove Hidden Information” that helps perform a cleanup of your file and reduce its size.
Another point to note is that flattening annotations and form fields that are no longer needed also reduces size. By saving a copy of the PDF using the “Save As” function, it can rewrite and clean the file. This helps to further minimize space usage.
You may not have applied compression or optimization
Sometimes, it can be the case that the file is overly large simply because no compression or optimization was applied during or after its creation.
Many users don’t realize that exporting to PDF doesn’t automatically optimize the file for sharing. There are several options available to fix this problem. You could use online compression tools like Smallpdf, ILovePDF, or PDFCompressor to shrink your file.
If you’re using Adobe Acrobat, for instance, the way to optimize your file would be to go to File > Save as Other > Reduced Size PDF. You could also use the PDF Optimizer for more control.
If you are using aMac, Preview’s Export option includes a “Reduce File Size” Quartz filter. Alternatively, in Microsoft Word, when saving as a PDF, select the “Minimum size (publishing online)” option to reduce the size.
Some tips to help keep PDF sizes manageable
A good way to prevent any of these issues occuring in the first place would be to remember some useful tips on keeping your PDF file sizes manageable.
A good starting point would be to avoid unnecessary pages or blank spaces, as they add bulk without value. You should also delete any content that doesn’t serve a purpose.
When merging PDFs, use tools that allow you to choose the output quality. If the document is long, consider breaking it into smaller parts. Lastly, instead of attaching large PDFs to emails, you could upload them to a cloud service and share a link.
As these workarounds and fixes demonstrate, a large PDF file doesn’t have to be a headache. By understanding what makes your PDF file so bulky, whether it’s things like massive images, unoptimized scans, or hidden content, you have the ability to take the right steps to slim it down.
Remember, with the right tools and practices, your PDFs will be easier to manage, share, and store, without sacrificing on quality.
If you think you should consider outsourcing, you are joining the many businesses that are looking for ways to reduce costs, improve efficiency, and stay competitive, and one strategy associated with offshoring that’s gaining momentum is nearshoring.
Nearshoring means moving business operations like manufacturing, customer service, or software development to a nearby country rather than a distant one. Unlike traditional offshoring, which involves working with partners at a far-flung location around the world, nearshoring focuses on geographical proximity, similar time zones, and cultural compatibility.
For example, many U.S. companies looking for software development staffing solutions would go to Canada or Mexico, while European businesses would work with partners in Eastern Europe. This approach means businesses can enjoy many benefits of outsourcing while avoiding some of the more common pitfalls of offshoring.
The Key Benefits of Nearshoring
Reduced Stress
Because nearshoring means operating in similar time zones, this means communication is far easier and more immediate. This overlap means there are fewer delays in decision-making and faster problem solving, which are crucial for projects that require close collaboration. We’ve all experienced the frustration of waiting for an email to answer an important question, only for it to come back to us 24 hours later! Time can run out, and nearshoring can reduce this anxiety.
Reducing Costs Without Reducing Quality
Nearshoring offers significant cost advantages, particularly when compared to onshore operations. Labour costs may be higher than traditional offshore destinations, but the savings on shipping, travel, and management can balance this out. Additionally, nearshore locations will tend to have more skilled workforces, particularly in sectors like manufacturing and technology.
The Cultural and Communication Components
When you work with partners who share similar cultural values, they’re more likely to share similar business practices. This means reduced misunderstanding and can build stronger relationships, which are particularly important in an industry like marketing, where the small things really do matter.
Risk Reduction and Resilience Within the Supply Chain
When you opt for nearshoring practices, you are shortening the supply chain, but it also reduces exposure to global disruptions (whether it’s a pandemic or a trade war), and it’s also easier to comply with regional regulations, for example, the data privacy laws in Europe.
Are There Challenges to Consider?
Of course, nearshoring has many advantages, but like everything, it comes with its own unique challenges. Labour costs in near-shore countries can be higher than in traditional offshore locations, which could make all the difference if budgets are tight.
Additionally, some companies can face limited availability of specialised skills, however, this depends on the region. Navigating different legal systems and tax policies can also require careful planning.
Is Nearshoring a Good Fit for You?
Ultimately, before you make the move, you need to conduct a thorough analysis and assess potential partners’ capabilities, security measures, and sustainability, but nearshoring is ideal for companies that require close collaboration, cultural compatibility, and stability within the supply chain without excessive costs. Nearshoring can, when done right, offer a middle ground between onshore and offshore outsourcing.
Techstars is introducing an improved accelerator investment offer for companies accepted into its future accelerator programs to $220,000 with all the benefits of its 3-month mentorship-driven accelerator program.
The $220,000 offer is made up of two components, including $200,000 through an uncapped MFN Safe and $20,000 through a Post-Money Convertible Equity Agreement (CEA). The total equity Techstars receives will be 5% of the company in common stock plus the future value of the $200,000 uncapped MFN Safe.
According to Techstars Founder and CEO David Cohen, “Our new offer gives founders more capital, better alignment, and a simpler and more easily comparable structure, enabling them to arrive at their next funding round with greater momentum.”
Cohen added that demand for Techstars accelerator programs has soared with applications tripling since 2021. Through mentorship, capital, and lifetime access to its global network, Techstars enables the next generation of founders to succeed.
Techstars alumni companies have raised over $30 billion and are valued today at more than $120 billion and include 21 unicorns and 118 companies currently valued at over $100 million each.
In 2022, Techstars expanded to key cities in Africa in a move to discover excellent founders and startups with great potential out of Africa. Before the update to match Y Combinator’s $220,000 deal, Techstars invested $20,000 in exchange for 6% common equity, and an optional $100,000 convertible note to bring the total potential funding to $120,000—far less than Y Combinator’s famed $220,000, which includes a $125K standard investment plus a $375K SAFE note on uncapped future rounds.
However, with these new update, things are changing as applications for Techstars Fall 2025 programs at accelerators worldwide here will receive $220,000 from Techstars. This offer includes $200,000 through an uncapped MFN Safe, plus $20,000 through a Post-Money Convertible Equity Agreement (CEA). The total equity Techstars receives will be a minimum of 5%, plus whatever the uncapped MFN Safe converts into.
Techstars’ total investment of $220,000 is made up of two convertible investment agreements and a side letter. One investment is a $20,000 fixed-percentage convertible equity agreement for 5% common stock (on a post-money basis). Another investment is a $200,000 uncapped MFN post-money Safe. The side letter sets out certain rights Techstars needs in the future.
The $20,000 fixed percentage convertible equity agreement (CEA) for 5% common stock. When the company does a priced round of at least $1 million, the CEA will convert into common stock equal to 5% of the company’s equity (including the existing option pool), after all Safes and other convertible instruments have been converted alongside the round. The CEA and Safe are diluted by any new money in the priced round, as well as any option pool increases.
$200,000 uncapped MFN Safe will also convert when the company does a priced round of at least $1 million. It is uncapped, meaning there is no pre-determined valuation cap or limit on the valuation at which it converts. Instead, the Safe will automatically adopt the terms of the lowest cap Safe (or other most favorable terms, such as a discount) issued between the specific MFN start date (around the start of the class) and the priced round. For example, if the company issues a subsequent Safe with a valuation cap or discount (like a 20% discount, or a $8,000,000 valuation cap), then Techstars gets the benefit of such terms.
The only exception is that Techstars accelerator programs in Asia-Pacific offer a $100,000 uncapped MFN Safe.
Telegram has become one of the go-to messaging platforms for privacy-conscious users, developers, and communities of all kinds. Its open API and developer-friendly environment have led to a wide variety of third-party clients—many of which go beyond what the official app offers. While the core Telegram app is feature-rich and widely used, there’s a growing crowd of Android users who turn to alternative clients to unlock unique features, customization, or simply a different experience.
Among these alternatives, Nicegram often pops up early in conversations. Known for its cleaner interface and extended functionality, it has carved out a niche among users who want more control over their messaging experience. But Nicegram is just the tip of the iceberg. The Telegram ecosystem on Android is surprisingly diverse, and each app on this list brings something different to the table.
1. Nicegram
Let’s start with the one that’s quietly gaining a cult following. Nicegram is a Telegram client that emphasizes simplicity without sacrificing features. It allows users to easily access hidden or restricted chats (depending on Telegram’s content settings), and its intuitive interface makes switching between accounts and folders smoother than the official app. While it doesn’t overhaul Telegram entirely, it does tweak just enough to feel noticeably different—especially for power users.
One standout feature? The ability to unlock “sensitive” content that’s often hidden in the regular client, making it popular among those who frequent certain channels that Telegram occasionally restricts by region.
2. Telegram X
This one’s technically semi-official—it was developed by Telegram’s team as an experimental app. Telegram X is built on a different engine (TDLib), which allows for faster animations, smoother scrolling, and improved battery usage. Even though it hasn’t received as much attention recently, Telegram X still feels snappier compared to the regular app.
The interface is minimalistic, which some users prefer, and it also includes some experimental features that may or may not ever make it to the main app. If you like being a step ahead of the curve, Telegram X is worth exploring.
3. Graph Messenger (Telegraph)
Graph Messenger, sometimes known as Telegraph, is for users who want full control over their messaging world. It comes packed with extras like real-time ghost mode (which hides your online status while letting you see others), a built-in download manager, and themes galore.
One notable feature is the ability to schedule messages with precision—including silent messages and ones that auto-delete. It’s essentially Telegram on steroids, perfect for Android users who love toggles, tools, and customization.
4. Plus Messenger
Plus Messenger is the Swiss Army knife of Telegram clients. It offers more tabs, more customization, and more visibility into your chats. You can separate channels, groups, bots, and personal chats into different tabs—which is a game-changer for people in dozens of active conversations.
The level of visual customization is also deep: from chat bubble styles to custom colors and font tweaks. While it may not look dramatically different at first glance, Plus Messenger’s modular structure is ideal for heavy Telegram users who want to stay organized.
5. iMe Messenger
This one combines Telegram’s backbone with built-in tools that lean toward productivity and even a bit of Web3. iMe integrates crypto wallet features, smart chats powered by AI suggestions, and message management that’s slicker than average.
Its main draw is the AI assistant built into the app, which helps summarize messages or generate responses. If you’re someone juggling busy conversations, or you’re interested in the intersection between messaging and tech innovation, iMe delivers something a bit out of the ordinary.
6. Telegram FOSS (Free and Open Source Software)
If you’re deep into open-source software and care about software freedom, Telegram FOSS is your go-to version. It’s a stripped-down, de-Googled fork of Telegram that removes proprietary libraries and trackers.
You won’t find flashy new features here, but it’s clean, fast, and ideal for privacy purists. It’s usually found on F-Droid instead of Google Play, further underscoring its appeal to users who value transparency above all.
Final Thoughts
The beauty of Telegram lies in its open nature. While the official app is solid and reliable, these third-party clients bring a refreshing variety to the messaging experience. Whether you’re after visual customization, media enhancements, advanced privacy controls, or just a change of pace, there’s likely a Telegram client out there that matches your vibe.
Exploring different clients can also help you better understand how Telegram works under the hood—and maybe even discover tools that make your daily communication a little smarter, cleaner, or just more fun. Try a few, find your fit, and enjoy the depth that Telegram’s ecosystem has to offer.
NCBA Bank Kenya PLC has announced a further reduction in its Kenya Shillings Base Lending Rate (NBLR) to 14.34% per annum, down from 15.34% p.a., effective immediately. This move follows the recent downward revision of the Central Bank Rate (CBR) by the Central Bank of Kenya, reflecting NCBA’s commitment to making financial services more accessible and affordable for its customers.
Since August 2024, the NBLR has dropped from 17.50% p.a. to 14.34% p.a., marking a cumulative reduction of 3.20%. During the same period, the CBR has declined by 3.00%, prompting this strategic rate adjustment by NCBA.
Why This Matters
The reduction in the base lending rate is a significant development for borrowers and the wider economy:
Lower Cost of Borrowing: Customers with variable-rate loans will benefit from reduced monthly repayments, easing household and business budgets.
Economic Stimulus: More affordable credit encourages borrowing and investment, helping to spur economic growth.
Customer Relief: In a period marked by economic uncertainty, this move provides much-needed financial relief and flexibility to borrowers.
Positive Market Signal: The rate adjustment reflects broader macroeconomic improvements, including reduced inflationary pressure and accommodative monetary policy.
Sector Competitiveness: By aligning with the market, NCBA strengthens its position as a responsive and customer-focused financial institution.
Impact on Loan Facilities
Fixed Rate Loans: These will remain unaffected by the rate change.
Variable Rate Loans: Interest rates linked to the NBLR will be adjusted effective May 1, 2025.
New Loan Facilities: The revised Base Lending Rate is applicable with immediate effect.
All other terms and conditions of existing loan facilities remain unchanged.
“We are committed to ensuring our customers benefit from favorable market conditions,” said NCBA in a statement. “This adjustment reflects our mission to support financial well-being and enable our clients to thrive.”
Customers seeking more information are encouraged to contact their Relationship Manager, call NCBA on 020-288 4444 / 0711 056 444 / 0732 156 444, email contact@ncbagroup.com, or visit any NCBA branch.
“Insurance is both a safety net and a financial enabler,” said Samuel Odhiambo, Mananging Director NCBA Bancassurance Intermediary Ltd, speaking during the episode of Financial Clinic, hosted by Sally Limo on Family TV. “Insurance goes beyond being a product—it’s a critical cushion against life’s uncertainties, helping individuals and businesses manage financial shocks from risks like illness, accidents, or disasters.”
Odhiambo emphasized that without insurance, families and businesses often face dire financial consequences when unexpected events occur. Insurance transfers risk to an insurer for a fraction of the cost, making it a vital tool for economic stability.
Overall, the session reinforced insurance as essential for both personal and business resilience, and highlighted NCBA’s role in simplifying access to various insurance solutions. Though NCBA recently has its own insurance subsidiary NCBA Insurance Group, NCBA Bancassurance is an insurance intermediary that sells covers on behalf of insurance companies.
“As an intermediary we are not really the risk carrier but we are selling on behalf of insurance companies,” said Odhiambo. “We pretty much deal with a very wide panel of insurers and we have up to 15 insurance companies in our panel now which we carefully select because looking at our customer, I want to make sure that we are only taking you to reputable insurance companies that can pay your claims.”
NCBA Bancassurance deals with 15 insurance companies and within that there’s a very wide spectrum of insurance solutions under three categories. Life Insurance, Medical Insurance and Asset Insurance. In life insurance, there’s also a number of products that are available such as an education policy developed around the needs of parents in its markets.
“Statistics are showing us that a huge number of emergency loans up to 40% of emergency loans are being taken to pay school fees and and medical expenses and 40% is a big number by any standard. Therefore we came up with an education policy unlike traditional intermediaries that would just go to an insurance company and pick a product from the shelf and distribute it to customers what we did was the other way around,” said Odhiambo. “We did it bottom up, we pretty much went to the bottom and built that product up with our customers it’s a product that really resonates with our customers. It’s custom built for our customers.”
Apart from education, homes and business owners make up a much bigger percentage of employers in this country, up to 80% of the employed people are coming from MMEs not the big corporates. MMEs are also driving a huge percentage of our economy, therefore Odhiambo says NCBA Bancassurance has solutions for SMMES and business owners to avoid any form of risk.
“You can be running a logistics company, you have trailers moving from point A to B and therefore apart from getting a motor insurance for your commercial unit we also have goods-in-transit cover which means you get to cover whatever it is you’re transporting from point A to B,” he said adding that its withing the asset class cover and could either cover the vehicle or houses, whether it’s a home, a commercial building or the business itself. NCBA Bancassurance covers fire, theft, fidelity cover from your own employees.
Health is a big need today it’s need driven and incidentally, health insurance is the biggest contributor of premiums in this country as one doesn’t get to choose one way or the other when they would fall sick or need to go to. Within health, there are various covers for an individual, a family, a company or even a small MME.
Health Insurance: A Necessity for All
Health insurance remains one of the most vital types of coverage in Kenya, where medical costs are rising sharply. NCBA’s medical insurance offerings cater to a wide range of customers, from individuals and families to SMEs and corporate clients. The health insurance plans are designed to meet both inpatient and outpatient needs.
NCBA’s approach is personalized, with relationship managers helping clients curate their ideal covers based on medical history, pre-existing conditions, and budget. Medical insurance is also available for companies, enabling employers to provide health benefits to their employees. This is an especially important benefit for SMEs, which often face difficulty in securing affordable and comprehensive medical coverage for their teams.
For those unable to pay premiums upfront, NCBA offers Insurance Premium Financing (IPF), allowing clients to spread their payments over time, making coverage more accessible.
One of the standout features of NCBA’s health insurance is its focus on preventive care. The bank rewards customers for adopting healthy habits, such as regular gym visits and wellness checks, by offering discounts on premiums. This initiative not only encourages healthier lifestyles but also helps reduce the long-term cost of medical care.
Asset Covers Protect What Matters Most
Asset insurance is another vital offering from NCBA Bancassurance, particularly for homeowners, business owners, and vehicle owners. NCBA provides extensive coverage options for homes, commercial buildings, and motor vehicles. For businesses, the bank offers coverage against fire, theft, and even the risk of employee dishonesty through fidelity cover.
For vehicle owners, NCBA provides comprehensive motor insurance that covers not only the vehicle but also damages caused to third-party property, including other vehicles. One customer shared their experience of having their cracked windscreen covered through their motor cover, underscoring the ease and peace of mind that comes with having the right coverage. Claims are processed swiftly, and customers can access multiple payment options, making the process as hassle-free as possible.
Additionally, businesses involved in logistics can benefit from goods-in-transit cover, ensuring that goods being transported are protected from risks such as theft, damage, or accidents during transit. This is a valuable product for business owners who rely on transportation for their daily operations.
The Role of Innovation
According to KPMG, at 3%, Kenya has the third lowest insurance penetration rate in Sub-Saharan Africa with South Africa leading at 17%. This is due to most of Kenya’s population perceiving insurance as a “nice-to-have/easy to discard” product rather than one that is essential. There are 58 insurers and reinsurers in Kenya and general insurance dominates the industry, accounting for 60% of industry gross written premiums.
NCBA, being at the forefront of digital innovation has successfully digitized its insurance products, allowing customers in today’s fast-paced, tech-driven world, to purchase and manage their policies with just a few clicks. Customers can now get up to five quotes for motor covers, choose the coverage that best suits them, and complete payment through NCBA’s mobile banking application or website. Once payment is made, customers receive their insurance stickers digitally, reducing the need for physical documentation and making the process more efficient.
“If you compare insurance companies where their branches are and where NCBA branches are then you realize we are going much deeper even into the into the rural areas to make sure that financial products are accessible,” he added adding that branches aside anyone can access insurance within a few clicks on their mobile phone or from their account.
Insurance is also embedded into other banking products. For instance, if a customer takes out a loan with NCBA, the bank will offer loan protection insurance as part of the package, ensuring that the borrower and their family are financially protected should anything happen. This integration of banking and insurance has made NCBA’s products more accessible and convenient for customers.
Branch Accessibility
With over 100 branches across Kenya, NCBA Bank Assurance ensures that insurance solutions are available to a broad spectrum of customers, even in rural areas where insurance is often hard to access. This wide network of branches, combined with the bank’s digital services, ensures that even the most underserved communities can benefit from comprehensive insurance coverage.
As a result, NCBA is driving financial inclusion by making insurance more accessible and affordable. The bank has leveraged its extensive branch network to offer insurance consultations at each location, ensuring that customers can speak with a dedicated insurance relationship manager who can help them understand their options and select the coverage that best fits their needs.
Making Insurance Affordable
A major barrier to insurance adoption in Kenya is the perception that it is too expensive. However, NCBA has worked hard to debunk this myth by offering affordable premiums and flexible payment options. Insurance premium financing allows customers to pay smaller amounts over time, making it easier to access the protection they need without financial strain. Moreover, the bank’s digitized approach to insurance reduces operational costs, which in turn lowers premiums for customers.
In 2022, Kenyans spent approximately $5 billion on medical care, with around 22.8% of the population spending out-of-pocket due to a lack of insurance coverage. This highlights the importance of shifting towards more affordable and accessible insurance solutions, like those offered by NCBA. By offering affordable premiums and flexible financing options, NCBA is empowering Kenyans to take control of their financial future without the fear of mounting medical bills or asset loss.
A Vision for the Future: Comprehensive Financial Security for All
At its core, NCBA Bancassurance aims to provide financial security to every Kenyan, regardless of their income level, occupation, or location. The bank’s focus on preventive care, innovation, and accessibility ensures that its customers are not just protected when the unexpected happens but are also empowered to live healthier, more financially secure lives.
From the comprehensive motor insurance products to life-saving health and asset protection plans, NCBA Bank Assurance is setting the standard for what modern insurance should be—affordable, accessible, and tailored to the needs of every individual.
“Insurance it’s about planning, set a goal and make sure that you arrive at your goal. By having a good insurance partner. There’s a lot that can be said about insurance. There are too many misconceptions about insurance people think it’s expensive we have shown you it is cheap it’s a fraction of the of the cost you’d pay from your pocket and we’ve also said you can get a premium financing to take care of you know the upfront cost for insurance,” concluded Odhiambo.
HAKKI AFRICA, the startup financing car loans for taxi drivers in Africa has raised a total of 2.71 billion yen ($18.5M) in its Series C round for its Kenyan expansion.
Norinchukin Bank, Globe Advisors, and Gogin Capital participated in the first close, while the SBI Group and TIS participated in this second close. Additionally, Sumitomo Mitsui Banking Corporation, Funds Startups, Hokkoku Bank, and Falus participated in the loans. With this funding, the total amount raised has reached 4.9 billion yen ($33m)
Previously, the firm raised 1.97 billion yen ($13.4M) with SMBC Venture Capital and Global Brain as joint lead investors. Earlier, the firm had raised 738 million yen ($5,018,906.)including loans led by GLOBIS Capital Partners.
Founded in March 2019, HAKKI AFRICA, is one of the firms offering loans to Uber and Bolt taxi drivers to help them participate in their country’s economy. However, there have been reports of repossessions due to the firm’s expensive loans and plans for change in local laws as borrowers cite exploitation.
If the Microfinance Bill goes through as planned, Hakki’s second-hand or used car financing business might be affected significantly. The firm has been expanding its business in Kenya, where demand for used cars for taxi business is high. The firm also has plans to launch in South Africa and India this year.
Agriculture remains the backbone of Kenya’s economy—contributing approximately 35% to the GDP and indirectly employing over 60% of the population. Recognizing this, NCBA Bank has placed agriculture at the heart of its financial inclusion and development agenda, providing tailored solutions for players across the entire agricultural value chain.
According to William Muguima, Head of Agriculture in Corporate Banking at NCBA, the bank provides holistic financial solutions across all stages of the agricultural value chain:
Production: Financing for inputs such as seeds, fertilizers, irrigation systems, and machinery.
Processing: Loans for agro-processors including grain millers, fruit canners, packers, and cold chain logistics providers.
Distribution: Asset finance and distributor finance solutions for transporters, storage facility operators, and commodity marketers.
2. Specialized Support for Sub-Sectors
NCBA has segmented its agribusiness offerings into seven key subsectors:
Dairy
Horticulture
Tea
Coffee
Sugar
Industrial Crops
Agroprocessors
Each sub-sector benefits from customized financing packages, addressing its unique operational and capital needs. For example, dairy farmers can access loans for insemination services, agrovets, cooling tanks, and transportation under a one-stop-shop structure.
3. Practical Support for Farmers
Farmers like Krisple Mwiti, a spice farmer, have benefited from:
Asset financing (e.g., vans for transporting produce)
Project loans (e.g., for setting up cold rooms)
Market linkage and advisory services
His experience underlines NCBA Bank’s impact on expanding farm capacity, creating employment (up to 50 workers seasonally), and boosting profitability.
4. Flexible and Inclusive Loan Criteria
NCBA uses the 5 Cs of Credit in assessing applications:
Character: Borrowing history and repayment behavior
Capacity: Cash flow analysis to determine repayment ability
Capital: Strength of the business’s balance sheet
Collateral: Security or guarantor if needed
Conditions: Market and loan-specific terms
Understanding the unique nature of smallholder agribusinesses, NCBA also supports aggregators and outgrowers, extending loans to groups managed by more structured anchor clients.
5. Financial Literacy & Farmer Training
NCBA provides financial literacy training to empower farmers in:
Cash flow and risk management
Budgeting and return on investment
Business planning and sustainability
This training ensures farmers can optimize the funding they receive and reduce business risks.
6. Risk Management Through Insurance
NCBA partners with insurance providers to offer credit insurance to mitigate risks such as:
Crop failure due to drought, pests, or suboptimal rainfall
Market volatility
Storage losses
Farmers are encouraged to diversify crops and regions of operation and plant hardy or drought-resistant varieties to strengthen loan repayment ability.
7. Land & Infrastructure Financing
For farmers looking to expand, NCBA’s Shamba Loans support land acquisition. The bank also finances:
Greenhouses
Boreholes and irrigation systems
Cold rooms and packhouses
8. Fast & Scalable Loan Processing
Asset finance approvals in as little as 48 hours
Other loans processed within 14 days, depending on complexity
NCBA states there is no loan limit, subject to regulatory and balance sheet capacity.
9. Post-Funding Support & Relationship Management
NCBA Bank ensures follow-up and support through:
Farm visits
WhatsApp groups
Dedicated relationship managers
Consultants and agribusiness forums
This personalized follow-up helps farmers scale sustainably and access new funding as they grow.
10. Digital & Technological Integration
NCBA Bank supports tech-driven agriculture, promoting tools like:
Drones for crop monitoring
Digital platforms for market access and export readiness
Online farmer communities for peer learning and advisory
11. Forums, Training, and Market Access
Through industry forums, NCBA connects:
Farmers
Buyers
Processors
Exporters
These platforms empower farmers with access to market information, export guidance, and strategic advice.
Final Word
Whether you’re a smallholder farmer or a large-scale agribusiness, NCBA is ready to walk with you—providing more than just loans. It offers partnership, knowledge, tools, and trust. As Kenya transforms its agricultural landscape, NCBA stands out as a catalyst for sustainable growth and prosperity across the sector.
Visit NCBA’s official website or walk into any branch to learn how to grow your agribusiness today.
Get the whole story Family Media’s Family Matters|Financial Clinic with William Muguima(Sector Head Agriculture, NCBA Corporate Banking),together with Sally Limo (Host) & Krisple Mwiti (Farmer, Director, Greenflow Consultancy).
For many Kenyans, homeownership is a lifelong dream and many work, save, invest and still fail to achieve this dream. But as Phillip Omondi, Head of Property Finance Sales at NCBA, shares on Family Matters | Financial Clinic, turning that dream into reality is not rocket science.
Omondu says homeownership requires more than just desire—it demands preparation, knowledge, and the right financial strategy. There is need for thorough preparation and understanding of the home-buying process before embarking on the journey. According to Omondi, one needs to evaluate their financial health, including income, expenses, and existing debts, to determine affordability of property and also check their creditworthines as it influences mortgage approval and interest rates.
Buyers also need to budget and account for all costs, including down payments, legal fees, stamp duty, and maintenance expenses then go ahead to do a property evaluation i.e due diligence on the property such as it’s location, infrastructure, and ownership status and if there is any legal disputes or loans on its name.
One then needs to look at the various mortgage products available in the market, such as fixed-rate and variable-rate loans, and choose one that aligns with their financial situation. The best step is getting professional guidance from reputable real estate professionals and financial advisors.
“NCBA Bank supports aspiring homeowners by offering tailored mortgage solutions and expert advice to facilitate informed decision-making,” said Phillip Omondi on Family Matters, Financial Clinic by NCBA and Family Media. “Homeownership is not just a dream—but a structured journey that requires clarity, planning, and discipline.”
We have broken the steps down for those who didn’t catch the session on TV.
1. Start With a Financial Self-Assessment
Evaluate your income, expenses, and current debts.
Understand how much house you can realistically afford.
Ensure you have a stable source of income—mortgage repayment is a long-term commitment.
2. Budget Beyond the Purchase Price
Don’t just look at the house price—factor in:
Stamp duty (usually around 4% of the property price)
Legal fees (about 1-2%)
Valuation and processing fees
Maintenance and insurance costs
3. Understand Mortgage Options
NCBA offers a range of mortgage products:
Fixed-rate mortgages – predictable payments
Variable-rate mortgages – fluctuate with market rates
Buy-to-let mortgages – for investment properties
Choose a mortgage plan aligned with your income flow and risk tolerance.
4. Do Due Diligence on the Property
Ensure the land has clear legal titles.
Check zoning regulations, neighborhood amenities, infrastructure, and future developments.
Inspect the actual construction quality, not just the photos or promises.
5. Seek Professional Guidance
Engage a licensed real estate agent, lawyer, and property valuer.
NCBA often works with verified developers and partners like Fanaka Real Estate to simplify the process.
6. Plan for the Long-Term
Think of homeownership as a wealth-building journey.
Avoid emotional decisions; instead, take calculated financial steps.
NCBA’s Role
NCBA not only finances homes but also walks with clients through property selection, mortgage processing, legal documentation and financial literacy and planning. NCBA’s mortgage financing goes beyond financing to ensure a smooth and secure journey to owning a home. To begin your homeownership journey visit ncbagroup.com or check out their collaboration with Family Media on YouTube for more financial literacy content.
