Meta has acquired Limitless, a Denver-based AI startup known for its pendant device that records, transcribes, and summarizes real-world conversations using artificial intelligence. However, the financial details of the deal have not been disclosed. “We share this vision, and we’ll be joining Meta to help bring our shared vision to life.” Dan Siroker, CEO of Limitless, said in a blog post. The acquisition marks a significant step for Meta in integrating AI-powered wearables into daily technology use. Limitless’s team will join Meta’s Reality Labs wearables division, where they will apply their expertise in conversational AI and wearable technology to future…
Author: Bridgette Atieno
Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has announced sweeping reforms that will reposition Kenya’s large-scale farming potential. The reforms include gazettement of Galana Kulalu as a Special Economic Zone (SEZ), the formation of a One-Stop Land Commercialization Office, and the acceleration of private-sector participation in unlocking idle public land across the country. Speaking during a briefing on ongoing agricultural transformation efforts, CS Kagwe said the move to designate Galana Kulalu as an SEZ will offer strong investment incentives, attract global agribusiness players, and fast-track value addition in edible oils, cereals, horticulture, livestock and industrial crops. The SEZ status…
Kenya is set to have its first nuclear power plant, which will be owned and operated by the Kenya Electricity Generating Company PLC (KenGen). This means consumers and investors will enjoy more predictable tariffs, cut power interruptions, as well as a boost for the manufacturing and digital industries. The announcement was made by Energy CS Opiyo Wandayi on December 1, during the signing of a Memorandum of Understanding (MoU) between KenGen and Nuclear Power and Energy Agency (NuPEA). CS Wandayi noted that the first nuclear development will be approximately 2Gigawatts (GW), and that it will be upgraded to 6GW of…
Young Kenyans living in urban areas are sceptical about the efficiency of the government’s security services, the Brand Trust Report shows. The report was conducted by Glass House PR and examined how the trust shapes the consumer behaviour, corporate reputation and public service delivery. In the report, 26.1 per cent of the respondents rated security service poorly as the majority were skeptic in their responses. “Kenyan consumers reward brands that are authentic, transparent, and human-centred. The future belongs to brands that do more than perform. They must stand for something,” Glass House PR CEO and founder Mary Njoki says. However,…
Kenya Wildlife Service (KWS) says that the controversial Ritz-Carlton Masai Mara Safari Camp does not sit on a wildlife migration corridor. In a statement posted on its social media handles, KWS which mans all Kenya’s parks and game reserves said the property is situated in a ‘designated tourism investment low use zone’. ”The zonation in the reserve were established based on comprehensive scientific assessment, ecological sensitivity analyses and special planning frameworks jointly developed by the National and County Governments,” it says in the statement. The defense comes as a huge relief to Laziz Mara Ltd, the firm that developed and…
PRESS RELEASE: Listed non-banking financial services firm Sanlam Kenya Plc (NSE: SLAM) has officially rebranded to Sanlam Allianz Holdings (Kenya) PLC (“SanlamAllianz Kenya”). The name change follows the recent formation of a joint venture between Sanlam and Allianz, establishing SanlamAllianz as Africa’s largest non-banking financial services entity, with more than 200 years’ combined experience on the continent and beyond. Speaking after confirming the official rebrand, SanlamAllianz Kenya Group CEO Dr Nyamemba Patrick Tumbo said the name change reflects a continental commitment to raise the bar in the delivery of non-banking financial services with localised attention. He added that the firm’s…
Kenya has seen a surge in sophisticated cybercrimes, including financial fraud, ransomware, online child exploitation, disinformation, and attacks on e-governance platforms. These threats cost Africa over $4 billion annually, weakening economies, eroding trust in digital systems, and exposing governments, businesses, and citizens to greater vulnerabilities. PS Dr Raymond Omollo.
NCBA Group PLC posted a profit after tax of KSh 16.4 billion for the third quarter of 2025. This represents an 8.5% increase from KSh 15.1 billion in the same period of 2024. The group’s profit before tax increased by 11.1% to KSh 20.5 billion, driven by a 13.8% rise in operating income to KSh 53.4 billion. Operating expenses increased by 14% to KSh 27.9 billion, with credit loss provisions rising 24.5% to KSh 5.1 billion. The growth was driven by strong profitability, improved asset quality, prudent management of the cost of funding, and better asset quality, along with improved…
Three Kenyans are among the ten finalists competing for a share of a 195 million Kenyan shilling grant at the 7th African Business Heroes (ABH) Summit finale. The Kenyan entrepreneurs include Wycliffe Onyango from Buupass, Jane Kuteli from Fortune Credits Limited, and Abraham Mbuthia from Uzapoint Technologies Limited. Zahra Baitie-Boateng, Africa Managing Director of Africa’s Business Heroes, stated, “Our Top 10 finalists represent the very best of African entrepreneurship, spanning sectors such as agritech, fintech, health innovation, and sustainability.” Each year, ten exceptional finalists are selected to receive a share of Sh195 million in grant funding, with the top winner…
The African Development Bank Group (AfDB) has announced a $310 million financial package to FirstRand Bank, aiming to enhance access to finance for micro, small, and medium-sized enterprises (MSMEs) in South Africa, with a focus on women-led businesses and agribusinesses. This package includes a $200 million line of credit for general MSME financing, a $100 million gender-focused line specifically for women-owned businesses, and a $10 million concessional credit targeting women-owned agricultural enterprises. AfDB’s Director General for Southern Africa, Kennedy Mbekeani, said the importance of supporting MSMEs in driving economic development. Over one-third of the funding is dedicated to women entrepreneurs,…