Category: BUSINESS

  • A Mother’s Remarkable Journey to Millionaire Status with SportPesa Mega Jackpot Bonus

    A Mother’s Remarkable Journey to Millionaire Status with SportPesa Mega Jackpot Bonus

    Lilian Akinyi Onooro could not hide her excitement as she basked in the glory of a significant victory after walking away with a breathtaking 1,804,255 million shillings in this week’s SportPesa Mega Jackpot Bonus.

    The school administrator from Nakuru clinched an impressive 15 out of 17 bets, defying the odds
    and turning what initially felt like a distant dream into a life-changing reality. This extraordinary win
    not only highlights Lilian’s exceptional luck but also adds a thrilling chapter to the narrative of ordinary
    individuals achieving extraordinary financial exploits.

    Lilian stumbled across the good news by chance and it only took her daughter’s validation to achieve
    believability, “My daughter woke me up regarding an urgent matter that needed my attention in the
    home. Then, I looked at my phone and noticed an unlikely message that I nearly dismissed.
    However, my thoughts were thrown into disarray after my daughter hollered, announcing that I was a
    millionaire. A call from SportPesa eventually confirmed this.”

    In the wake of her newfound bounty, Lilian’s sights are set on the horizon, with plans to establish an
    executive barbershop by the end of the year.

    In addition, she seeks to give back to the community by offering her share of winnings as tithe in the church, along with plans to delve into charitable causes.

    The aspiring entrepreneur is no stranger to the gaming industry, having won much smaller bets in her
    initial tries. She, however, has advised punters not to lose hope in the pursuit of success, even as her
    energy is renewed for the mega jackpot.

    The day’s conquest was further highlighted by PSV Manager, Jared Ondieki, who won a similar amount
    under the Mega Jackpot Bonus.

    SportPesa remains the leading gaming company in Kenya, offering the most lucrative products for
    punters including jackpots, whose past winners remain the highest in the country.

    This week’s SportPesa Mega Jackpot is set to kick off on Saturday, February 24 at 6:00 p.m. and
    promises a whopping 352,237,394 shillings with healthy bonuses from 12 correct predictions out of the 17 matches available on the weekly set of matches to predict their outcomes.

  • The 2024 International Competition Network Advocacy Workshop Kicks off in Nairobi

    CAK chair of the Board Mr. Shaka Kariuki address the press during the conference

    The First International Competition Network (ICN) Workshop planned by Competition Authority of Kenya (CAK) took place in Nairobi at Ole sereni with a theme Bouncing Back: Competition Advocacy and Resilience to Global Shocks.

    “The competition regime in Kenya, and Africa, has occasioned immense benefits to our citizens. Earlier this month, Uganda joined the jurisdictions determined to promote competitive markets and enhance consumer welfare by enacting a competition law, while Rwanda has commenced implementation of its own legislation. Regional agencies have also expanded the scope of their mandate to regulate conduct that has a cross-border dimension, an important ingredient for regional trade and integration. Of note here is the East Africa Community Competition Authority Act, which is now operational, and the COMESA Competition Commission which is also actively executing its mandate. It is important to note that these regional agencies have entered into partnerships with national agencies, including the Competition Authority of Kenya, in order to enhance efficiency, transparency and predictability when handling matters with a cross-border dimension in order to promoted investment, while sanctioning anti-competitive conduct appropriately.” Said Mr. Shaka Kariuki, Chair, Competition Authority of Kenya.

    The Kenyan Government recognizes the important role that Competition play in the economy, and has over the last 13 years supported the Authority in delivering its mandate. Specifically, policy guidance, human and financial resources support, and approval of the requisite documentation by the National Treasury have been instrumental in the Authority’s successful competition position that we are today. The Authority uses market inquiries as one of its advocacy tools that has resulted in either policy reviews or amendments of the Competition Law to make it more versatile, or enforcement actions that eventually enhance consumer welfare.

    “The need for a robust competition policy and effective advocacy has never been more pronounced, than in the current economic landscape. A landscape characterized by unprecedented technological advancements and interconnected market dynamics, emerging challenges occasioned by climate change, and unforeseen global emergencies. Hence, the theme of this workshop: Bouncing Back: Competition Advocacy and Resilience to Global shocks. As we convene here, we must take advantage of the opportunity to engage in constructive dialogue, share best practices, and generate strategies that will not only respond to, but also shape, the future of competition policy worldwide.” Said
    Dr. Adano Wario Roba, Ag. Director General, Competition Authority of Kenya

    In addition to this, various toolkits including sample contracts for the insurance and retail sectors, code of practice for the retail trade, Public Interest Guidelines, and Competition (General) Rules, 2019, and compliance programs for businesses have been developed to enhance transparency, predictability, and accountability in the application of the law. Our engagement with our diverse stakeholders has seen an increase, not only in compliance with the law, but also increased consumer awareness of their rights and obligations.

    Finally, the Authority continues to use the ICN work products for its mandate delivery to enhance predictability, transparency and accountability a feat that would not have been possible without ICN networks’ invaluable contributions to the development of our Authority. For that, we are eternally grateful.

     

     

     

  • Valentine’s Bounty for 14 Lucky SportPesa Jackpot Bonus Millionaires

    Valentine’s Bounty for 14 Lucky SportPesa Jackpot Bonus Millionaires

    Love was in the air for SportPesa enthusiasts as 14 fortunate punters struck gold in the jackpot bonuses. Among the winners was Paul Mwasya from Makueni County, a family man with a wife and three children, who walked away with an impressive 2,295,125 shillings by accurately predicting 12 out of 13 matches in the SportPesa Midweek Jackpot, missing out on the 25,042,835 shillings that were up for grabs.

    Mwasya, currently a mechanic whose livelihood comes from the car trade, expressed plans to transform
    his life with the newfound fortune, saying, “I aspire to kick-start a business and build a modest home
    for my family.”

    Other than Mwasya, thirteen others came close to bagging SportPesa’s all-time high Mega Jackpot, which stood at 349,893,489 shillings. They were also crowned into the company’s fast-growing club of millionaires, even as Valentine’s Day came alive to them.

    With a total of 24,058,101 shillings paid to the new millionaires in town, the limousine rides around
    Nairobi, culminating in a luncheon, was welcome to their transformed lives with what the winnings would look like.

    “That was so close. I have renewed hope that I could take home this SportPesa Mega Jackpot.
    now stands at over 351 million. Should I be the lucky winner, I will establish a telecommunications
    business and a portion to the church as tithe,” remarked Pancras, who celebrated his 2,079,702
    shillings win, accompanied by the fiancé.

    SportPesa remains the leading gaming company in Kenya, offering the most lucrative products for
    punters, including jackpots, whose past winners remain the highest in the country.

    This week’s SportPesa Mega Jackpot is set to kick off on Saturday, February 17 at 6:00 p.m. It promises a whopping 351,066,369 shillings with healthy bonuses from 12 correct predictions out of the 17 matches available on the weekly set of matches to predict their outcomes.

  • World Bank Partners with Government to Enhance Investor-readiness of local Startups and SMEs

    Small and Medium Enterprises and local startups can now access business training programmes after the World Bank and the Kenya government facilitated formalisation of business development services.

    The Association of Startup and SMEs Enablers of Kenya (ASSEK), which launched operations with 40 members has now grown its membership to 150 entrepreneur support organisations (ESOs) now tasked with creating tailor-made business programmes that support sector-specific needs of local businesses.

    Speaking in Nairobi during the ASSEK Ecosystem Enablers Forum 2024 that was attended by ESO founders and chief executives, ASSEK Chief Executive Mercy Kimalat said ASSEK is now well-placed to support SMEs and Startups’ growth plans through provision of business training that enables the later to enhance their productivity as well as improve on the quality of their services and products.

    “We have transformed SMEs and Startups by matching them with the right coach and mentor to help them grow. This is done by ensuring they have access to international opportunities though the stakeholders that we have partnered with. This has enabled many to sell their services and products regionally and beyond,” she said.

    Ms Kimalat said SMEs and startups trained through their programmes would also benefit from seed funding adding that the small businesses will have access to diversified funding tailored to their needs through the ASSEK network who also de-risks them through seed grants and providing technical support.

    Assek, she said, was actively involved in formulation of Startup Bill, a framework that  creates incentives for local and international investors to catalyse local innovations thereby benefiting local innovators by helping fasttrack development of new products for the market.

    “The key objective of ASSEK is to boost job creation and growth. This forum facilitates a collaborative discussion focused on realigning the collective vision for ASSEK, identifying emerging opportunities, and fostering an environment conducive to meaningful networking,” she said.

    The establishment of the Association, five years ago,  has resulted in increased inclusion in the ecosystem, standardisation of approaches, collaboration in attracting investment opportunities, job creation, value addition to local and international stakeholders enabling the innovation space in Kenya as well as policy-makers, enterprise support organisations (ESO’s), financial supporters and more. Assek is also spearheading the formation of a regulatory body for ESOs which will ensure startups and SMEs receive professional business support and investor-linkages thereby enabling them to scale at a faster rate.

     

    Currently, most small businesses rely on family savings and bank loans with no access to  professional business support to help them access standardisation services and product improvement services that would help them gain international market access.

  • 16,000 new classrooms in readiness for Grade 9, says PS Kipsang

     

    The government will construct 16,000 classrooms across the country in readiness for the transition of learners to grade nine next year, the Principal Secretary for Basic Education, Dr. Belio Kipsang, has said.

    Dr. Kipsang said this in a speech read on his behalf by the Director of Projects Coordination and Delivery for Projects, Mr. Elijah Mungai, at the Olympics Primary School in Kibra Sub-county in Nairobi yesterday.

    The Vice President for Human Development at the World Bank, Ms. Mamta Murthi, visited the school. In attendance were the Manager of Practice, Education at World Bank Group, Meskerem Mulatu, Senior Educational Specialist at the World Bank office in Nairobi, Ms. Ruth Charo, Deputy County Commissioner, Mr. Odidi Otieno, and the Regional Director for Education in Nairobi, Ms. Margaret Lesuuda, among other senior officials in education.

    Dr. Kipsang said the government plans to construct 10 additional classrooms to cater to the learners who will transition to grade nine next year.

    “We welcome the World Bank to support and partner with the government to build even more classrooms in this school,” Dr. Kipsang said.

    Ms. Murthi praised Kenya for the strong educational outcomes that schooling stimulates in children.

    Murthi said the schooling system in Kenya was ably imparting to learners the knowledge, skills, attitudes, and values that students ought to acquire.

    She said Kenya was also doing well in the enrolment rate of children in schools, noting that education was a critical factor in determining the future of a country.

    The Deputy County Commissioner, Mr. Odidi Otieno, said the government worked through its structures to ensure a 100 percent transition of learners from primary to secondary education.

    The headteacher of Olympics Primary School, Mr. Cyrus Okumu, said that the school had developed a friendly learning environment and excellent instruction for learners in the school.

    He attributed the huge learner population (5108) to supportive teaching and non-teaching staff that made learning enjoyable.

    “Children keep returning to school because of the good learning experiences good pedagogy creates,” Mr. Okumu said.

  • Kisumu Woman Turns 99 Bob To Over 3.5 Million After Winning SportPesa Mega Jackpot Bonus

    Kisumu Woman Turns 99 Bob To Over 3.5 Million After Winning SportPesa Mega Jackpot Bonus

    In an exhilarating turn of events, Rosemary Auma Opiyo, a proud resident of Kisumu, has recently become the talk of the town, securing a sensational SportPesa Mega Jackpot bonus win exceeding 3.5 million Kenyan shillings.

    Her triumph stems from accurately predicting the outcomes of an impressive 15 out of the 17 games featured on the SportPesa platform.

    Rosemary, a dynamic businesswoman who owns a local general shop, joined SportPesa in December 2023. Remarkably, she placed her first-ever bet on February 2, 2024, and fortune favored her, propelling her into the realm of Jackpot bonus royalty.

    This victory not only brings immense joy to Rosemary but also stands as a significant milestone for SportPesa, underscoring the platform’s dedication to transforming lives.

    Recalling the moment of her win, Rosemary shared, “I was in my shop early in the morning when I placed the bet after analyzing the games on the platform. Until Sunday evening around 12 am, I couldn’t sleep. I woke up to check the progress but faced network issues, so I went back to bed.”

    The elated mother of one expressed her excitement upon waking up to a substantial amount of money in her SportPesa account. She promptly shared the news with her husband, who confirmed the delightful turn of events.

    For Rosemary, this win transcends being a mere windfall; it serves as a catalyst for her aspirations. She envisions expanding her business, acquiring a piece of land, and securing a brighter future for her family.

    In the spirit of Valentine’s Day, Rosemary was accompanied by her husband, Mr. Felix Omondi, who also experienced success with SportPesa. Mr. Felix, expressing his joy, stated, “We are happy about this. I have placed bets before, but nothing like this big win. The most I have won before was 107,000 Kenyan shillings.”

    Encouraging his wife to continue playing with SportPesa, he expressed confidence in their chances to claim the SportPesa Mega Jackpot prize, set at a staggering 349,893,489 shillings, commencing on February 10, 2024, at 11:00 PM. Bonuses await those who correctly predict 12, 13, 14, 15, and 16 games out of the 17 offered. The couple is determined to continue their winning streak with SportPesa.

  • 100,000 Inua Jamii Cash Transfer Beneficiaries Risk Missing Out for Failure to Enlist with M-pesa

    100,000 Inua Jamii Cash Transfer Beneficiaries Risk Missing Out for Failure to Enlist with M-pesa

    Joseph Motari
    Joseph Motari

    An average of 100,000 beneficiaries of the Social Protection Inua Jamii program risk missing out on cash if they fail to register to receive the funds via mobile money transfer, Mpesa, the Principal Secretary State Department for Social Protection and Senior Citizen Affairs Joseph Motari has said.

    The PS spoke while announcing the release of over KSh2 billion for January payment to beneficiaries enrolled in the government’s cash transfer program and another KSh5.9 million for a complimentary nutrition improvement arrangement.

    PS Mutari said that following a presidential directive late last year that the beneficiaries would be receiving their stipends through Mpesa rather than through select banks, all beneficiaries or their caregivers needed to register for Mpesa payment by dialing *222# from their Mpesa registered lines.

    He expressed concern about the 100,000 people who have not yet switched from bank to mobile money transfer, saying they could miss their money if they don’t do so by the end of February 2024.

    “The Ministry of Labour and Social Protection released KSh2,089,844,000 for January payment to beneficiaries enrolled in the Inua Jamii Programme and a further KSh5,930,000 for Nutrition Improvement through Cash and Health Education (NICHE), which is a complimentary program,” PS Mutari told a news conference today.

    “Following a presidential directive, Inua Jamii beneficiaries will be receiving their stipends through Mpesa. This will start with caregivers of orphans and vulnerable children (OVCs) and persons with severe disabilities (PWSD). So far, 207,000 have enrolled for the Mpesa payment and have received their December payment. However, we note that there are around 100,000 who have not enrolled through *222#. The caregivers must register to continue receiving their Inua Jamii stipends,” explained PS Motari.

    He added that the lot will be paid through a bank account for the last time and that there is only this month to enroll for Mpesa payments, warning that those who have not shifted to Mpesa could miss out because they remained non-compliant.

  • Somali President’s economic advisor named among three most influential people in Africa

    Somali President’s economic advisor named among three most influential people in Africa

    Dr. Mohamed Osman has been feted as one of the three most influential people in the continent by the Paris-based ‘Africa Intelligence magazine. In mid-January, the monthly ‘5 Magazine’ recognized him as “Top 25 Somalis of 2023.”

    The African Magazine placed Dr. Osman alongside Nigeria’s Tolu Obamuroh, a rising star in the legal arena of Abuja, and Kenya’s Wanjiku Thiga, who is making significant strides in combating rising femicide rates.

    “Every Wednesday, Africa Intelligence spotlights new generations of influential figures, and this week’s selection underscores the diverse and dynamic leadership emerging across the African continent,” said the opening paragraph of ‘The Africa Intelligence’, a Paris-based publication by Indigo Publications.

    The magazine highlights daily French and English insights “essential for understanding Africa’s regional and local issues,” according to its website.

    Established nearly four decades ago, Africa Intelligence became a daily publication in April 2020 “to better capture the continent’s rapidly evolving developments.”

    What Was Dr. Osman Feted For?

    Dr. Osman is widely known for his economic expertise and pivotal role in President Hassan Sheikh Mohamoud’s administration.

    He was similarly recognized for his influential contributions in shaping Somalia’s financial policies, which advocated for environmental and educational advancements.

    “This accolade not only highlights his (Dr. Osman’s) exceptional achievements but also reflects the growing impact of young leaders like Obamuroh and Thiga in transforming their respective countries’ business and political landscapes,” the African Magazine stated in his profile summary.

    It continued: “In the dynamic landscape of African politics and economics, few figures have risen as rapidly and impressively as Dr. Mohamed Osman.”

    Heralded as one of the 25 most influential Somalians of 2023 by Five Magazine, this 37-year-old economist is not just a national asset but an international influencer in the realms of economic policy, environmental advocacy, and educational empowerment.

    Dr. Osman’s expertise and influence stretch far across borders, reaching his homeland of Somalia where he serves as a key member of the Presidential National Economic Council, where the country’s economic policies are shaped.

    His role was particularly conspicuous in the Nairobi negotiations of the previous year, which successfully led to Somalia’s historic admission into the East African Community.
    Additionally, Dr. Osman was instrumental in Somalia joining the ambitious Great Green Wall of the Sahara and the Sahel initiative, which unites nearly 20 African nations in a collective effort to combat desertification. Termed the largest living structure on the planet, the initiative stretches 8,000km across Africa.

    Educational advancement is another arena where Dr. Osman has left an indelible mark. Holding a PhD in conflict resolution from the United Nations University for Peace, he became the university’s regional representative in 2018. His academic journey also includes a diploma in economics from Mogadishu University, an institution that he founded.

    He’s also the head of the Sadar Development and Resilience Institute, formerly known as the Resilience Innovation Hub. An education enthusiast, Dr. Osman holds a double Master’s Degree in Economic Policy and Planning, Conflict Resolution, and Peacebuilding from Makerere University and Kampala International University in Uganda, respectively.

    Dr. Osman’s influence extends to fostering future leaders and innovators. He initiated the presidential PhD scholarship program, named after President Mohamoud and funded by Qatar Charity, reflecting his vision for nurturing intellectual and leadership capacities in Somalia.

    Moreover, as the primary contact for the Resilient Africa Network (RAN), funded by the United States Agency for International Development, he has played a vital role in creating the Somali Response Innovation Lab. This initiative symbolizes a collaborative effort to address Somalia’s most pressing challenges.

    Through his diverse roles and relentless dedication, Dr. Mohamed Osman is not just a policymaker or an academic. He is a visionary continuously working towards a resilient, educated, and prosperous Somalia. His journey and achievements bring hope and inspiration to his fellow citizens, young leaders, and change-makers across Africa.

    Dr. Osman’s educational initiatives, especially the presidential PhD scholarship program, have opened doors for countless young Somalis, equipping them with the tools to contribute effectively to their nation’s development.

    “This program highlights my belief in the transformative power of education and its role in nation-building. It’s a testament to my dedication to addressing immediate challenges and laying the groundwork for long-term societal progress,” Dr. Osman said in a past function.

  • PS State Department Social Protection and Citizen Affairs Calls for remaining 100,000 persons Inua Jamii Beneficiaries to enroll on Mpesa Payment

    PS State Department for Social Protection and Citizen Affairs.

    PS State Department Social Protection and Citizen Affairs Calls for remaining 100,000 persons Inua Jamii Beneficiaries to enroll on Mpesa Payment.

    The Ministry of Labor Social Protection and Senior Citizen Affairs through Principal Secretary Joseph Motari has Released Kenyan Shillings 2 Billion ( 2,089,844,00) for beneficiaries enrolled in the Inua Jamii programme and further 5 million (5,930,000) for Nutrition improvement through cash and Health Education (NICHE) which is a complimentary programme.

    “The stipend will facilitate payment of Elderly, orphans and persons living with disability.
    The payment commences today 7th February, following that Inua Jamii will receive their stipends through Mpesa. Starting with orphans and vulnerable children, by dialing star *222 # the care givers can help beneficiaries enroll to the payment Mode.” Said Joseph Motari Social Protection and senior Citizen affairs Principal Secretary.

    During the press conference at NSSF Building Nairobi.

    The PS further observed that, the Ministry has already started to pay for the month of January and noted that there are 100,000 persons who have not enrolled to the Mpesa Payment. Care givers are advised to enroll on the payment mode.

    This is an amnesty for only this month that they will be paid those who did not register for January and December. From February all are required to be registered through Mpesa to receive payments for month of February going forward.

    The funds are to caution the beneficiaries from poverty, hunger and improve their lives. Beneficiaries are also advised to have a saving culture for future use of funds.

    He also called upon the Govenment officers in various Counties and Local administrations to expedite the sensitization to the beneficiaries regarding the new changes by the Ministry.

  • BRANCH MFB AND SOLV KENYA PARTNER TO EMPOWER KENYAN MSMES WITH LOANS AND MARKET-LINKAGE OPPORTUNITIES

                  Kenya’s 1st Neo-bank and Solv Kenya, a full-stack B2B marketplace for micro, small and medium enterprises (MSME), have entered into a strategic partnership to extend loans, business development support and market linkages to Kenyan MSMEs.

    The partnership aims to unlock new growth potential for MSMEs by bridging the credit gap, providing financial guidance and accelerating business linkages for entrepreneurs across the country.

    Under the arrangement, Branch MFB will provide loans and working capital of up to Kshs. 1 million for MSMEs on Solv Kenya’s platform, facilitating their cash flow and stock financing from suppliers and distributors.

    Speaking during the partnership announcement, Branch East Africa Managing Director Rose Muturi said seamless access to digital financial services will help address liquidity challenges for MSMEs.

    This partnership, she said, goes beyond simply providing instant digital loans to enterprises. It is about empowering MSMEs with market linkages and support to build sustainable businesses and contribute to Kenya’s economic growth.

    “Access to credit facilities and business support is key to unlocking the full potential of our MSMEs. The partnership is a significant step forward in achieving this goal. By combining our expertise, we will provide Kenyan entrepreneurs with the comprehensive support they need to scale their businesses and contribute to a more vibrant Kenyan economy,” Ms. Muturi said.

    Solv Kenya has a diversified portfolio on its platform, cutting across various supply chains ranging from food, consumer goods, construction, alcoholic beverages, animal feeds, electronics, airline and travel. MSMEs participating in the enrolled value chains are able to obtain stock financing from Branch MFB through the Solv digital platform.

    African Lead SC Ventures and Chief Executive Officer Solv Kenya Dan Karuga said the partnership enables them to de-risk lending to MSMEs while opening them up to a diversified portfolio across various supply chains.

    “This partnership is a perfect alignment of our technological expertise and a testament to the power of collaboration in driving innovation and growth in Africa’s digital economy. We are confident we will unlock new capital streams for SMEs, enabling them to scale efficiently.  Together, we aim to reach out to more MSMEs and offer them convenient and affordable credit solutions that suit their needs,” Mr. Karuga said.

    MSMEs are important contributors to economic growth in Kenya, constituting 98% of all business entities in the country. The sector remains highly informal, as only 20% of the over 7.4 million MSMEs operate as licensed entities. The partnership will provide significant embedded financing solutions for these MSMEs that are often excluded from the formal economy.

    “At Branch, we remain committed to cooperating with other industry players to offer financial solutions. Our partnership with Solv Kenya creates a significant embedded financing solution for MSMEs,” Branch International CEO Matt Flannery Said.

    The sector provides enormous opportunities for socio-economic transformation, absorbing low-skill and economically excluded individuals, such as women, persons with disabilities, and those with low levels of education.