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Apr 26 • 10 tweets • 9 min read
FYI: @KeEquityBank @Microsoftea collaborated in making the #EquityHackathon possible that brought 663 students from @uonbi and @MeruUniversity
The students developed solution touching on payments, ID systems and financial inclusion services. #EquityHackathon
The winners of the #EquityHackathon will take home Kes600K and internship at @Microsoftea
.@KeEquityBank CIO Lanre Bamisebi closing the #EquityHackathon
Irene Githinji prog officer at @Microsoftea as @KeEquityBank's #EquityHackathon came to a close
#TeamRutela from @unobi were the #EquityHackathon winners and got the Kes600K cheque and internship opportunities at @Microsoftea
#TeamJazia from @MeruUniversity were the position 2 in the #EquityHackathon taking home Kes250K and internship at @Microsoftea
#EquityHackathon 3rd winner was Hubert Kimani from @uonbi who took home Kes150K and a 3mth internship at @Microsoftea
#EquityHackathon #TeamCodeNinja were the 4th winners and they took home Kes100K...
.@KeEquityBank has been at the forefront of deepening financial inclusion through championing the development of innovative solutions that socially and economically empower consumers, businesses, enterprises and communities - Dr. Mwangi CEO/MD

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More from @mmnjug

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Apr 27
Three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired Sh25.6B between October and November 2020, setting off alarm bells in Europe and at the global police agency Interpol over possible money laundering. - @BD_Africa
Bank statements provided by a European investigator revealed a cross-continental operation that moved huge sums of dollars to Kenyan banks and wired them to multiple companies registered locally with shared ownership and suspect addresses.
The cash movement over the two months involved over 10 companies owned by the same individuals and registered under near-identical names in Kenya, Dubai, US, Nigeria and Ghana.
Read 32 tweets
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Apr 27
Scientists are still working out why South Africa, of all African countries, should have been so hard-hit by Covid-19. - @NationAfrica
It is not just that South Africa has now over 100,000 known or ascribed Covid deaths, but that it also has over 306,000 "excess natural deaths"....
....many expected to have been undiagnosed Covid-deaths, others caused indirectly by the pandemic by preventing timely treatment, or even any treatment, for a range of other fatal conditions.
Read 8 tweets
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Apr 26
Dorice Mwaka Mwakwekwe, a creditor has moved to court seeking to wind up @XplicoinsKE over an undisclosed outstanding debt, adding to the woes of the company. - @BD_Africa
Dorice filed a liquidation petition on March 17, which was gazetted on Friday without giving details of her claim.
.@XplicoinsKE has been facing a tough operating environment and ran afoul of the regulator after the company failed to disclose its entire financials for the fourth quarter ended December 2021.
Read 9 tweets
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Apr 26
An employee share ownership scheme colloquially known as ESOP refers to a scheme/arrangement by a company to afford its senior employees an opportunity to own shares and participate in the ownership and decision-making in the company. - @BD_Africa
Usually, ESOPs allow employees to acquire shares at a discounted price or at a fixed price over a duration of time. It is notable that such a scheme has been known to foster employee loyalty and investment in the performance and profitability of the business of the company.
Ultimately this leads to growth and maximisation of shareholders wealth which is the pinnacle goal of any profit-driven venture. In Kenya, ESOPs are regulated by @CMAKenya Collective Investment Scheme Regulations of 2001 and are required to be registered with the @KRACare.
Read 31 tweets
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Apr 25
It was at night. And the two lonely souls at @StateHouseKenya, Nairobi, could only watch as the results of the 2007 elections trickled in. - @johnKamau1 for @NationAfrica
President Mwai Kibaki was with Francis Muthaura, the Head of Public Service and Secretary to the Cabinet, and each was lost in their own thoughts. Everyone else had left, and outside, the State House grounds were deadly silent.
An election that pitted Mwai Kibaki against @RailaOdinga, the leader of the Orange Democratic Movement, was about to end his political career. President Kibaki spoke little – and the much Muthaura could offer was comfort.
Read 30 tweets
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Apr 25
.@CBKKenya has directed commercial banks to ration dollars following a shortage of the US currency and the race to protect reserves, hitting manufacturers and general goods importers. - @BD_Africa
A number of currency traders and importers say banks have imposed a daily cap on dollar purchases as firms struggle to obtain adequate forex to meet their obligations.
This has forced industrialists to start seeking dollars in advance as the shortage puts a strain on supplier relations and the ability to negotiate favourable prices in spot markets.
Read 21 tweets

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