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Safaricom Appoints Florence Nyokabi as Chief Human Resources Officer

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Safaricom Appoints Florence Nyokabi as Chief Human Resources Officer

Safaricom Plc, has revealed that Florence Nyokabi will become its new Chief Human Resources Officer (CHRO) starting from April 1st 2024. This comes after Paul Kasimu moved to the position of HR Transformation and Change Advisor under a contract with the company.

Quick Summary:

  • Florence Nyokabi appointed as Safaricom’s new Chief Human Resources Officer.
  • From multiple local and global settings, Nyokabi possesses more than 25 years of HR leadership expertise.
  • She aims to oversee talent acquisition, corporate culture, and organizational growth at Safaricom.

Nyokabi is now part of Safaricom this comes after her stint at Standard Chartered Bank, where she was the Managing Director for Human Resources for Nigeria and West Africa. In her role, she supervised operations across six countries. Having worked in Human Resources leadership for more than two decades, Nyokabi brings to Safaricom a wealth of experience both locally and globally.

According to a release from Safaricom, Nyokabi will be in charge of looking after talent acquisitions, corporate centers, vital services and places, along with health safety and wellness.

Nyokabi’s appointment affirms Safaricom’s dedication to improving a strong corporate culture and pushing for ongoing prosperity and development in the field of telecommunications. Having worked at KPMG, NCBA Bank, as well as Kenya Television Network (KTN), she has gained experience in different parts of human resources management.

One of Important achievements of Nyokabi includes being acknowledged as the HR Personality of the Year in Africa during 2021 and having been chosen as a Top 40 Under 40 leader in Kenya back in the year 2012. She obtained her master’s degree from University of Nairobi and has also participated in executive leadership programs at prestigious institutions like Duke University situated within United States, along with The University Of Oxford which is located within The United Kingdom.

Nyokabi’s appointment shows Safaricom’s intention of improving HR functions at the telecom’s. This is significant for managing talent along with making sure the organization remains effective and employees are well taken care of. These things are crucial to maintain its top place in Kenya’s telecommunications industry.

Roam Partners with Mogo to Accelerate Electric Mobility in Africa

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Roam which operates in Kenya as an electric mobility company, has announced a strategic partnership with Mogo, one of East African-based asset financier, with an aim at promoting the adoption of electric motorcycles in the region. This collaboration seeks to empower individuals especially boda boda riders, to transition to electric motorcycles through flexible financing packages, ultimately boosting their daily earnings and contributing to environmental sustainability.

Quick Summary:

  • Roam collaborates with Mogo to promote the adoption of electric motorcycles in Africa.
  • The partnership offers flexible financing options for boda boda riders, enabling them to increase their daily earnings.
  • Roam aims to scale its electric motorcycle deployment with Mogo’s support, driving positive socio-economic and environmental impact.

The partnership between the two companies – Roam and Mogo is significant in a way that it will propell the adoption of electric mobility solutions across Africa. By leveraging Mogo’s expertise in asset financing, Roam is expected to facilitate the transition of boda boda riders from conventional motorcycles to electric ones reaping greater benefits such as addressing both economic and environmental challenges.

“We’re excited to partner with Mogo to tap into the growing market of boda boda riders seeking to transition to electric motorcycles amid rising petrol prices,” stated Mikael Gånge, Co-Founder and Chief Commercial Officer of Roam. “With Mogo’s support, we can offer flexible financing options that ensure immediate cost savings for customers. Our mission at Roam is to provide the best and most affordable electric motorcycles to the market, and Mogo is a valuable partner in accelerating that mission.”

Roam’s electric motorcycles are designed to meet various transportation needs that include personal commuting, cargo transportation, ride-sharing, and taxi services. With Mogo’s assistance, Roam aims to expedite the deployment of these electric motorcycles, fostering positive environmental and socio-economic impacts in communities across Kenya and beyond.

“Our partnership with Roam will enhance access to electric motorcycles in Kenya,” affirmed Rauls Leitis, Business Development Project Manager at Mogo. “We observe a growing demand for electric motorcycles, and with Roam’s innovative products and charging infrastructure, we anticipate the electric motorcycle market surpassing the petrol one in the future.”

This collaboration cements the commitment of both Roam and Mogo to promote sustainable transportation solutions while addressing the evolving mobility needs of African communities. As the partnership unfolds, it is poised to drive significant advancements in electric mobility adoption and contribute to the region’s socio-economic development.

Consolidated Bank Appoints Joel Busienei as Head of ICT

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Consolidated Bank of Kenya has welcomed Joel Busienei, an accomplished IT banking expert as its new Head of Information and Communication Technology (ICT). With over 19 years of experience in various IT leadership roles within the banking sector, Busienei is expected to lead the bank’s digital transformation efforts.

Quick Summary:

  • Joel Busienei appointed as the Head of ICT at Consolidated Bank of Kenya.
  • He brings over 19 years of IT leadership experience from local banks, including Equity Bank Limited and NCBA Group.
  • Busienei’s responsibilities include implementing the bank’s ICT strategy and enhancing its IT infrastructure to support business objectives.

In his new capacity at the bank, Busienei will be tasked with executing Consolidated Bank’s ICT strategy and ensuring the deployment of appropriate IT infrastructure and systems to facilitate the bank’s operational efficiency and strategic goals.

Busienei’s comes with an extensive background which includes serving in key IT leadership positions at various local banks including some with regional operations. Before his latest appointment at Consolidated Bank, he held the position of Group Head of IT Infrastructure at Equity Bank Limited, where he played an important role in designing, implementing, and managing the bank’s technology infrastructure.

His tenure at Equity Bank was marked by significant achievements including the design of the Core banking platform and infrastructure upgrade. Additionally, he led the infrastructure architecture for the merger between NIC and CBA in 2019 which facilited the integration of the two banks’ networks, data centers, and collaboration services.

Before his tenure at Equity Bank, Busienei served as the Head of IT Infrastructure and Data Centre at NCBA Group and as the Head of IT Infrastructure at Commercial Bank of Africa. His track record includes overseeing key digital transformation initiatives that directly impacted customer experience and operational efficiency.

Busienei’s leadership and expertise are expected to drive Consolidated Bank of Kenya’s IT transformation journey, impacting both internal operations and customer service delivery while his latest appointment also reflects the bank’s commitment to leveraging technology to stay competitive in the dynamic banking landscape..

Banks to Compete for Sh50 Billion Green Fund

Tuvuti Editorial Team
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Kenya is expected to witness a significant financial endeavor as banks gear up to vie for a substantial portion of the Sh50 billion green fund which has been backed by the World Bank. The initiative aims to bolster small and medium-sized enterprises (SMEs) engaging in climate change mitigation efforts.

Quick Summary:

  • Banks will compete for a Sh50 billion World Bank-supported green fund targeting SMEs involved in climate change mitigation.
  • The State Department of Investment Promotion (SDIP) will provide seed capital for the green investment fund.
  • The fund, structured as a mezzanine loan, will support initiatives such as manufacturing electric vehicles, constructing greenhouses, enhancing water and sanitation, and promoting smart agriculture.

In a report released by the World Bank, Kenyas State Department of Investment Promotion (SDIP) is set to provide funding, for the green investment fund (GIF). This initial funding, structured as a mezzanine loan combining equity and debt will play a role in attracting private sector investments towards eco projects. According to the report the GIFs goal is to support initiatives, like manufacturing vehicles (EVs) building greenhouses, delivering water and sanitation services and promoting agricultural practices.

The SDIP which is currently operating under the Ministry of Investment Trade and Industry, will oversee the execution of the fund through the Kenya Development Corporation (KDC). Banks, particularly those with substantial financial capabilities, will play a pivotal role in disbursing the funds to eligible beneficiaries.

“To crowd in private and IFI (International Finance Institutions) investment, the SDIP – MITI through KDC will serve as the anchor investor by providing junior/mezzanine debt into the Green Investment Fund with provisions for it to take on first losses and to cap its returns,” stated the World Bank in a technical design detail note for the Kenya Jobs and Economic Transformation Project.

The Green Fund will be established as a special-purpose vehicle to administer the proceeds of the World Bank loan and will operate under the regulatory oversight of the Capital Markets Authority. Furthermore, it will be managed by an independent, competitively selected fund manager.

Among the projects earmarked for funding through the GIF are electric vehicles, with equity funding studies by the World Bank estimating a requirement of $211 million (Sh27.4 billion). This funding will support various aspects of EV development, including manufacturing, charging infrastructure, battery technology, and retrofitting.

This initiative underscores Kenya’s commitment to sustainable development and aligns with global efforts to combat climate change. As banks prepare to compete for access to the green fund, the stage is set for transformative investments that will drive environmental sustainability and economic growth in the country.

Visa Everywhere Initiative 2024 Now Accepting Applications

Tuvuti Editorial Team
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Visa has officially opened applications for the 2024 edition of the Visa Everywhere Initiative (VEI). This esteemed program serves as a catalyst for fintech startups worldwide by providing them with a platform to showcase innovative solutions addressing the evolving challenges in payment and commerce ecosystems.

Quick Summary:

  • Program Overview: Visa Everywhere Initiative (VEI) is a global open innovation program and competition for fintech startups.
  • Objectives: Fintech startups pitch solutions targeting future payment and commerce challenges.
  • Benefits: Equity-free funding, exposure to Visa’s extensive network, recognition, and participation in global competitions.
  • Application Deadline: May 6, 2024.
  • Competition Stages: Virtual Central and Eastern Europe, Middle East, and Africa (CEMEA) competition in July, global finale at TechCrunch Disrupt event in San Francisco on October 29, 2024.

Introduction:

We’ve come to accept that innovation serves as a driving force for progress and transformation everywhere in this world. And Visa Everywhere Initiative (VEI) stands at the forefront of fostering this innovation which offers a unique platform for fintech startups to unleash their potential and revolutionize the future of payments and commerce.

Detailed Insights:

Empowering Fintech Startups:

  • VEI serves as a launchpad for fintech startups, providing them with the opportunity to showcase groundbreaking solutions that address the emerging challenges in payment and commerce domains.
  • The initiative aims to empower entrepreneurs to drive positive change and create impactful solutions that resonate with the evolving needs of consumers and businesses globally.

Valuable Benefits for Participants:

  • Participating startups stand to benefit from equity-free funding, allowing them to accelerate their growth and scale their operations effectively.
  • Exposure to Visa’s extensive networks across banking, merchant, venture capital, and government sectors opens doors to strategic partnerships and collaboration opportunities.
  • Recognition from Visa, a trusted and valuable brand in the payments industry, further amplifies the visibility and credibility of participating startups on a global scale.

Application Process and Timeline:

  • Startups interested in participating in VEI 2024 can submit their applications before the deadline on May 6, 2024.
  • Successful applicants will advance to the virtual Central and Eastern Europe, Middle East, and Africa (CEMEA) competition scheduled for July 17, 2024.
  • The winning startup from the CEMEA final will have the opportunity to compete in the global finale, alongside winners from other regions, at the prestigious TechCrunch Disrupt event in San Francisco on October 29, 2024.

Past Success Stories:

  • VEI has a proven track record of empowering fintech startups and catalyzing their growth journeys. Previous editions have witnessed remarkable success stories, with startups collectively raising over $48 billion in funding.
  • Notable winners from past editions include Drugstock from Nigeria, which secured the VEI global grand prize, and AiFluence from Kenya, which received accolades at both regional and national levels.

How to Top-Up a Different Safaricom Line Using Voucher Via USSD Code

Tuvuti Editorial Team
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Safaricom is by far the largest mobile service provider in the country and with its status, the need to assist friends or family by topping up their mobile airtime more than often arises. While the Sambaza service offers one way to transfer credit between Safaricom lines, it comes with its own set of limitations. To circumvent these restrictions and efficiently load airtime onto a different Safaricom line, an alternative method known as “indirect top-up” which utilizes a USSD code proves to be quite handy. This guide outlines the simple steps to achieve this, ensuring a seamless experience for both the sender and the recipient.

Quick Summary:

  • Utilize an unused Safaricom scratch card and your mobile phone.
  • Dial *141*12-digit scratch card PIN*Recipient’s mobile number#.
  • Press the “OK/Call Button” to confirm the transaction.
  • Both sender and recipient will receive a notification confirming the top-up.

Introduction:

Like mentioned earlier, Safaricom offers various services to cater to its vast customer base, and one of those is the need to top up another Safaricom line using a scratch card. Among these services is the ability to conveniently recharge another Safaricom line using a USSD code, commonly referred to as “indirect top-up.” This method proves invaluable in situations where direct transfer via Sambaza may not be feasible due to constraints such as minimum balance requirements.

Step-by-Step Guide:

  1. Obtain an Unused Scratch Card: Before initiating the top-up process, ensure you have an unused Safaricom scratch card readily available.
  2. Dial the USSD Code: On your Safaricom phone, initiate the top-up process by dialing the following USSD code:

*141*12-digit scratch card PIN*Recipient’s mobile number#

Replace “12-digit scratch card PIN” with the unique PIN printed on the scratch card, and “Recipient’s mobile number” with the phone number you intend to top-up.

Example: If the scratch card PIN is 123456789012 and the recipient’s mobile number is 0722000000, dial:

*141*123456789012*0722000000#

  • Confirmation: After entering the USSD code, press the “OK/Call Button” on your device to confirm the transaction.
  • Notification: Both the sender and the recipient will receive a notification confirming the successful top-up. This ensures transparency and accountability in the transaction.

Conclusion:

By following the straightforward steps outlined above, you can effortlessly load airtime onto a different Safaricom line using a scratch card and a simple USSD code. This method offers flexibility and convenience, especially in situations where direct transfer options like Sambaza may not be feasible or practical. Whether you’re assisting a friend in need or topping up a family member’s phone, the indirect top-up method proves to be a reliable solution in ensuring connectivity and communication for all Safaricom users.

The Real Housewives of Nairobi Takes the Crown at 2024 Kalasha Awards

Tuvuti Editorial Team
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The glitz and glamour of the entertainment world converged at the prestigious Kalasha Awards ceremony where outstanding achievements in Kenyan television were celebrated. Season 1 of The Real Housewives of Nairobi emerged as the shining star of the night which managed to clinch the title of Best TV Show. Alongside it, the gripping crime drama Pepeta secured multiple accolades that including Best TV Drama and Best Viewers’ Choice. Here is full details of the event.

Quick Summary:

  • The Real Housewives of Nairobi triumphs as Best TV Show at the 2024 Kalasha Awards.
  • Pepeta wins big, securing awards for Best TV Drama and Best Viewers’ Choice.
  • The ceremony celebrates excellence in Kenyan television that honored standout performances and captivating storytelling.

A Night of Triumph:

The first season of The Real Housewives of Nairobi captivated audiences and critics alike and managed to be the undisputed standout winner at the Kalasha Awards. The reality series which has been produced by Showmax as original production, soared to new heights of popularity, setting streaming records upon its release in February 2023. Its recognition as the Best TV Show cemented its cultural impact and audience appeal ending up solidifying its status as a must-watch program in Kenya’s television landscape.

Crime Drama Excellence:

Joining The Real Housewives of Nairobi in the winner’s circle was the riveting crime drama Pepeta. The Showmax Original production took home prestigious awards for Best TV Drama and Best Viewers’ Choice which reaffirmed its position as a compelling and beloved series. Set against the backdrop of real-life events, Pepeta intricately weaves together the stories of its characters offering viewers a gripping narrative experience. It received accolades at the Kalasha Awards reflecting on its quality craftsmanship as well as widespread acclaim.

Celebrating Talent and Creativity:

The Kalasha Awards ceremony showcased the diverse talents and creative brilliance within Kenya’s television industry. Standout performances and exceptional storytelling were recognized across various categories and notable winners who included Roast House, produced by D&R, earned accolades for Best Performance in a TV Comedy. On the other hand, Salem saw Charles Ouma crowned as Best Lead Actor in a TV Drama. Additionally, The Caller and The Last Door were honored for their contributions to documentary filmmaking, while Kina celebrated Ndugi Kithuku’s stellar performance as Best Supporting Actor in a TV Drama.

Watu Credit Kenya Supports Draft National e-Mobility Policy

Tuvuti Editorial Team
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Kenya is in the process of unveiling the nation’s e-mobility policy which is now in draft stage. This marks a significant move towards achieving a sustainable transportation sector. On the same note, Kenya has taken strides by unveiling the draft National Electric Mobility Policywhich has been spearheaded by a task force appointed by Roads and Transport CS Kipchumba Murkomen aiming to revolutionize the transportation sector by promoting electric vehicles (EVs). Watu Credit which has become a major force in local asset finance solutions, has expressed its support for the policy and pledged to play a crucial role in facilitating its transition to electric mobility.

Quick Summary:

  • Watu Credit pledges to finance over 500,000 Electric Motorbikes in seven years.
  • The National Electric Mobility Policy aims to guide the transition from fossil-powered vehicles to electric vehicles across all transportation modes.
  • Watu Credit commits to investing more than Kshs 1.3 billion to accelerate the adoption of electric-powered motorbikes.

Embracing Electric Mobility:

By unveiling the draft e-Mobility Policy, Kenya has marked a pivotal moment in its journey towards achieving a sustainable transportation. With a commitment to finance the acquisition of over 500,000 Electric Motorbikes within the next seven years, Watu Credit is poised to be at the forefront of this transformative endeavor. The firm is keen on shifting focus from financing traditional fossil-powered motorbikes to electric bikes which confirms its dedication to fostering environmentally friendly mobility solutions.

Government Collaboration:

Roads and Transport CS Kipchumba Murkomen emphasized the collaborative efforts between the government, private sector, international investors, and academic institutions to facilitate the transition to electric mobility. The policy provides a comprehensive framework for developing electric mobility across various transportation modes which include roads, rail, air, and maritime. Recently, the government showed its commitment through special initiatives such as assigning green-colored number plates to electric vehicles that signify its commitment to promoting EV adoption and raising public awareness.

Corporate Commitment:

Watu Credit’s Country Manager Erick Massawe reaffirmed the company’s commitment to supporting the national electric vehicles transition agenda to bridge the financing gap while collaborating with manufacturing partners such as Arc Ride and GOGO Electric. The firm aims to provide accessible and affordable electric mobility solutions tailored to local conditions with initiatives such as investing more than Kshs 1.3 billion by 2030 to facilitate the acquisition of electric-powered motorbikes through hire purchase options.

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