News Archives - https://theyouthingmagazine.co.ke/category/news/ Tue, 11 Feb 2025 08:07:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://theyouthingmagazine.co.ke/wp-content/uploads/2025/07/cropped-Youthing-Logo-32x32.png News Archives - https://theyouthingmagazine.co.ke/category/news/ 32 32 AI Race Heats Up: Billion-Dollar Deals, Ethical Dilemmas, and Groundbreaking Innovations https://theyouthingmagazine.co.ke/2025/02/11/ai-race-heats-up-billion-dollar-deals-ethical-dilemmas-and-groundbreaking-innovations/ https://theyouthingmagazine.co.ke/2025/02/11/ai-race-heats-up-billion-dollar-deals-ethical-dilemmas-and-groundbreaking-innovations/#respond Tue, 11 Feb 2025 07:49:17 +0000 https://theyouthingmagazine.co.ke/?p=9379 The artificial intelligence (AI) landscape is buzzing with significant developments. Let’s delve into the latest headlines shaping the AI world. 1. Elon Musk’s Bold...

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The artificial intelligence (AI) landscape is buzzing with significant developments. Let’s delve into the latest headlines shaping the AI world.

1. Elon Musk’s Bold Bid for OpenAI

In a surprising move, Elon Musk, alongside a consortium of investors including his AI venture xAI and prominent venture firms, has offered a staggering $97.4 billion to acquire OpenAI. This bid aims to steer the organization back to its original open-source, non-profit mission. OpenAI’s CEO, Sam Altman, swiftly declined the offer, humorously suggesting they could instead purchase Twitter for $9.74 billion—a nod to Musk’s previous acquisition. This development underscores the ongoing tension between Musk and OpenAI, rooted in disagreements over the company’s direction and its shift towards a profit-driven model.

2. Figure AI Teases Major Breakthrough in Humanoid Robotics

Figure AI, a U.S.-based robotics company specializing in AI-powered humanoid robots, has announced a “major breakthrough” in robot intelligence. While specific details remain under wraps, the company plans to unveil its advancements within the next 30 days. This announcement marks a significant shift from OpenAI’s broader AI research priorities, highlighting Figure AI’s focus on integrating AI with specialized hardware to enhance humanoid robotics.

3. DeepSeek’s Rapid Ascendancy in the AI Arena

Chinese AI model DeepSeek has been making waves with its open-source approach and cost-effective, high-performance capabilities. Notably, it has been integrated into platforms like Alibaba’s 1688 and is being adapted by the National Supercomputing Center in Xi’an. DeepSeek’s success has ignited discussions about its potential to challenge global AI leaders such as OpenAI and Google. In response, Alibaba has released its own AI model, Qwen 2.5 Max, claiming it surpasses DeepSeek’s V3 model in various tests.

4. Paris AI Action Summit 2025: A Global Convergence on AI Governance

The Paris AI Action Summit, co-hosted by France and India, is currently underway, focusing on global AI governance, sustainability, and public interest applications. Key themes include ethical AI development, workforce adaptation, and international cooperation. France has announced investment pledges totaling €109 billion in its AI sector, aiming to position itself as a global leader. Notably, the United Arab Emirates has committed up to €50 billion to build a 1GW AI data center in France, further solidifying international collaboration in AI development.

5. Mistral AI’s ‘Le Chat’ Gains Traction in France

French AI startup Mistral AI has launched its AI assistant, ‘Le Chat,’ which has quickly become the top free app in France. The company aims to compete with industry giants by offering efficient, open-source AI solutions. Mistral AI is also investing heavily in building its own data centers in France, underscoring its commitment to enhancing AI infrastructure domestically.

6. AI’s Impact on Employment and the Need for Workforce Transformation

The Paris Summit has emphasized the importance of ensuring AI serves public interests, particularly in sectors like healthcare and education. With AI expected to impact a significant portion of global jobs, discussions have centered on reskilling workers and ensuring equitable access to AI technologies. Experts highlight the dual nature of AI’s impact, noting that while it can lead to job displacement, it also creates new roles and demands new skills from professionals to stay relevant.

7. Navigating Ethical and Regulatory Challenges in AI

The European Union has introduced new AI guidelines to prevent misuse, such as emotional tracking and manipulative practices. The Paris Summit aims to establish global standards for AI regulation, balancing innovation with ethical considerations. Speakers have highlighted the need for continuous safety dialogues and the importance of global cooperation in setting ethical standards.

8. OpenAI’s Foray into Custom AI Hardware Development

OpenAI is reportedly advancing towards launching its first in-house AI chip, aiming to reduce reliance on external suppliers like NVIDIA. The design is expected to be finalized soon, with production targeted for 2026. This move could significantly impact the AI hardware landscape, offering OpenAI greater control over its infrastructure and potentially setting new industry standards.

9. Caution Advised: The Rise of AI Training and Education Scams

The proliferation of AI tools has led to a surge in paid online courses promising to teach AI skills. Experts warn that many of these courses are scams, as most AI tools are designed to be user-friendly and require no specialized training. Prospective learners are advised to exercise caution and seek reputable sources when pursuing AI education.

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How Super Bowl 2025 Went Down  https://theyouthingmagazine.co.ke/2025/02/10/how-super-bowl-2025-went-down/ https://theyouthingmagazine.co.ke/2025/02/10/how-super-bowl-2025-went-down/#respond Mon, 10 Feb 2025 10:18:10 +0000 https://theyouthingmagazine.co.ke/?p=9371 The Super Bowl is more than just a football game; it’s a cultural phenomenon that brings together sports, entertainment, and advertising in a way...

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The Super Bowl is more than just a football game; it’s a cultural phenomenon that brings together sports, entertainment, and advertising in a way no other event can. Super Bowl LIX, held on February 9, 2025, in New Orleans, was no exception.

From Kendrick Lamar’s polarizing halftime show to the dominance of AI in commercials and the Philadelphia Eagles’ crushing victory over the Kansas City Chiefs, this year’s Super Bowl was a rollercoaster of highs and lows.

Kendrick Lamar’s Bold Statement  

Kendrick Lamar made history as the first solo rapper to headline the Super Bowl halftime show, a milestone for hip-hop culture.

However, his performance was met with mixed reviews. While some praised his artistic vision and political undertones, others found it underwhelming.

Lamar opened with a dramatic entrance alongside Samuel L. Jackson, who played “Uncle Sam,” setting the tone for a performance steeped in Americana and social commentary. The dancers formed an American flag, only to deconstruct it, symbolizing the complexities of the nation’s identity.

Lamar’s setlist leaned heavily on his recent work, including tracks from his 2024 album GNX, such as “squabble up” and “man at the garden.”

While these songs resonated with his core fans, they left casual viewers craving more familiar hits like “HUMBLE.” and “DNA.”

The inclusion of SZA for “All the Stars” added a touch of elegance, but her performance felt canned, lacking the spontaneity that makes live shows memorable.

The highlight of the show was undoubtedly “Not Like Us,” Lamar’s scathing diss track aimed at Drake.

The crowd erupted as Serena Williams joined the stage, C-walking in a symbolic nod to Lamar’s Compton roots. Yet, the decision to end with the lesser-known “tv off” left many viewers feeling anticlimactic.

Lamar’s performance was a bold artistic statement, but it struggled to balance his avant-garde vision with the mainstream appeal the Super Bowl demands.

The Game: Eagles Soar, Chiefs Stumble  

On the field, the Philadelphia Eagles delivered a masterclass, defeating the Kansas City Chiefs 24-0 in a surprisingly one-sided game.

The Eagles’ defense was relentless, shutting down Patrick Mahomes and the Chiefs’ offense at every turn. This victory marked a historic moment for the Eagles, solidifying their place as one of the NFL’s elite teams.

Tom Brady, in his first year as a Fox Sports analyst, provided a candid reflection on the Chiefs’ struggles, drawing from his own experiences of Super Bowl losses. His insights added depth to the broadcast, though his commentary style remains a work in progress.

AI Takes Center Stage in Advertising  

This year’s Super Bowl was dubbed the “AI Super Bowl,” with tech giants like OpenAI, Google, and Meta showcasing their latest innovations.

OpenAI’s debut commercial highlighted ChatGPT’s capabilities, while Google promoted its Gemini language model. Meta’s ad for AI-powered Ray-Ban smart glasses and Salesforce’s AI customer assistant further underscored the growing influence of AI in everyday life.

One of the most talked-about ads was Holland America’s AI-generated commercial, which used cutting-edge technology to create stunning visuals.

However, the reliance on AI also sparked debates about the future of creativity and human involvement in content production.

Cultural Impact and Controversy  

Beyond the game and the ads, Super Bowl 2025 sparked conversations about representation and diversity.

Lamar’s performance, while groundbreaking, reignited debates about the NFL’s audience and whether the halftime show should cater to a broader demographic.

Some viewers criticized the lack of crossover appeal, while others celebrated Lamar’s unapologetic celebration of Black culture.

The inclusion of Samuel L. Jackson as “Uncle Sam” added a layer of political commentary, with some praising the symbolism and others dismissing it as empty theatrics.

Similarly, Serena Williams’ cameo was a highlight for many, but it also highlighted the ongoing feud between Lamar and Drake, adding a layer of drama to the event.

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USAID Freeze Poses A Crisis for Africa’s NGOs and Marginalized Communities https://theyouthingmagazine.co.ke/2025/02/05/usaid-freeze-poses-a-crisis-for-africas-ngos-and-marginalized-communities/ https://theyouthingmagazine.co.ke/2025/02/05/usaid-freeze-poses-a-crisis-for-africas-ngos-and-marginalized-communities/#respond Wed, 05 Feb 2025 09:52:20 +0000 https://theyouthingmagazine.co.ke/?p=9365 The recent decision by the Trump administration to place USAID staff on administrative leave and freeze nearly all foreign aid funding is more than...

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The recent decision by the Trump administration to place USAID staff on administrative leave and freeze nearly all foreign aid funding is more than just a bureaucratic shift—it is a humanitarian crisis in the making.

For decades, USAID has been a lifeline for marginalized communities in Africa, providing critical support in healthcare, food security, education, and emergency response.

Its abrupt restructuring and potential merger with the U.S. State Department under the “America First” agenda will have devastating consequences for millions who rely on its programs.

A Blow to Lifesaving Humanitarian Programs

USAID’s annual budget exceeds $40 billion, a fraction of the U.S. government’s total spending but a significant portion of global development aid. In Africa, USAID is a key donor to NGOs working in some of the most vulnerable regions. Programs tackling malnutrition, maternal health, HIV/AIDS, and malaria prevention are among the hardest hit by this freeze.

Even with emergency waivers issued for food and medicine, the uncertainty surrounding USAID’s future funding jeopardizes the very existence of these programs.

For instance, the President’s Emergency Plan for AIDS Relief (PEPFAR), which is largely funded through USAID, has saved millions of lives by providing antiretroviral therapy to people living with HIV/AIDS. With funding now in limbo, African NGOs running these programs are left scrambling for alternative sources.

The potential loss of such initiatives could set back decades of progress in global health.

NGOs at Risk of Collapse

Beyond the immediate impact on beneficiaries, African NGOs that rely on USAID grants for operational costs now face an existential threat. Many of these organizations operate on tight budgets, and without consistent funding, mass layoffs and program shutdowns are inevitable.

This is especially alarming in rural and conflict-affected areas where USAID-backed NGOs often serve as the only source of essential services.

The effects will not be limited to those receiving aid—thousands of local employees working in the development sector risk losing their jobs. The withdrawal of U.S. assistance could create a ripple effect, leading to economic downturns in communities where NGOs are major employers.

Vulnerable Communities Will Suffer Most

Marginalized groups—including women, children, and refugees—will bear the brunt of this decision. Education programs that keep girls in school, maternal healthcare initiatives, and food assistance for displaced persons are all at risk.

In places like South Sudan and the Democratic Republic of Congo, where conflict has displaced millions, USAID is one of the largest providers of emergency aid. Without it, hunger, disease, and instability will escalate.

The uncertainty over which programs will resume after the 90-day review period only deepens fears among humanitarian organizations.

A Shift in Global Influence

The USAID freeze also opens the door for geopolitical shifts. As the U.S. pulls back, other global players, particularly China, may expand their influence in Africa.

Beijing has already been increasing its presence on the continent through infrastructure projects and development financing. With USAID stepping back, China could seize the opportunity to deepen economic and diplomatic ties with African nations.

While African governments will welcome any new partnerships, the sudden withdrawal of U.S. assistance highlights a troubling reality—American foreign policy is becoming increasingly unpredictable, making it a less reliable partner for long-term development.

The Need for Urgent Alternatives

As USAID undergoes this drastic transition, African NGOs must urgently seek alternative funding sources. The European Union, private philanthropic organizations, and regional development banks may need to step in to fill the void.

However, securing alternative funding is neither immediate nor guaranteed, leaving a dangerous gap in service delivery.

Meanwhile, African governments must re-evaluate their dependency on foreign aid. Strengthening local funding mechanisms and investing in self-sustaining development programs will be critical in mitigating the impact of this crisis.

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Invesco Assurance Company placed under statutory management https://theyouthingmagazine.co.ke/2024/08/15/invesco-assurance-company-placed-under-statutory-management/ https://theyouthingmagazine.co.ke/2024/08/15/invesco-assurance-company-placed-under-statutory-management/#respond Thu, 15 Aug 2024 06:31:34 +0000 https://theyouthingmagazine.co.ke/?p=9317 The Insurance Regulatory Authority (IRA) has placed Invesco Assurance Company Limited under statutory management, effectively transferring the control and operation of the company to...

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The Insurance Regulatory Authority (IRA) has placed Invesco Assurance Company Limited under statutory management, effectively transferring the control and operation of the company to the regulator.

The Authority has appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for Invesco Assurance Company Limited (under statutory management).

“Invesco Assurance Company Limited (under statutory management) is not authorized to enter into any new insurance contracts from 14th August 2024,” said IRA

Existing policyholders are advised to promptly seek alternative coverage from other licensed insurers to avoid unnecessary risk.

The Policyholders Compensation Fund will compensate the affected claimants as provided for under the Insurance Act, Cap 487 Laws of Kenya.

In December last year, the authority placed the same firm under liquidation, a process that involves winding up a business operations and selling assets to compensate shareholders and creditors. However, this order was lifted following a court ruling in January this year.

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IRA Revokes Closure of Directline Assurance https://theyouthingmagazine.co.ke/2024/06/11/ira-revokes-closure-of-directline-assurance/ https://theyouthingmagazine.co.ke/2024/06/11/ira-revokes-closure-of-directline-assurance/#respond Tue, 11 Jun 2024 16:19:06 +0000 https://theyouthingmagazine.co.ke/?p=9289 The Insurance Regulatory Authority (IRA) has dismissed reports on the closure of Directline Assurance company hours after an announcement by Royal Credit Limited that...

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The Insurance Regulatory Authority (IRA) has dismissed reports on the closure of Directline Assurance company hours after an announcement by Royal Credit Limited that the insurance firm had closed operations and fired all employees.

IRA CEO Godfrey Kiptum in statement said that the purported actions are null and devoid of any legal effect and as such the insurer continues in full operation as licensed and approved by the Authority.

“All policies issued by Directline Assurance Company Limited remain in full force and effect and the insurer remains liable for any claims arising there from,” said Kiptum.

“All policies issued by Directline Assurance Company Limited remain in full force and effect and the insurer remains liable for any claims arising therefrom. All policyholders of the insurer may continue with their operations in accordance with their insurance contracts,” the IRA CEO added.

The regulator said it has placed Directline Assurance under heightened surveillance and it will take necessary steps as may be appropriate, pursuant to the provisions of the Insurance Act, CAP 487 Laws of Kenya, to ensure sustainability of the insurer and protection of insurance policyholders’ interests.

Media mogul SK Macharia, who is also the chairman of Royal Credit Limited – one of the shareholders of Directline, announced on Monday that the insurer had closed operations and laid off all its staff.

“The board of directors of Directline has been dissolved and all the assets taken over by Royal Credit Ltd. All employees have been dismissed, and Directline will no longer issue insurance services,” Mr Macharia said.

Macharia said the action was prompted by the closure of all Directline Insurance accounts by the Insurance Regulatory Authority (IRA) and failure by the insurance regulator to take action against directors of Directline for allegedly misappropriating KSh 7 billion.

The announcement caused widespread panic, particularly in public transport, since the firm dominates the public service vehicle insurance market.

IRA now says it has placed Directline Assurance under heightened surveillance and it will take necessary steps as may be appropriate, pursuant to the provisions of the Insurance Act, CAP 487 Laws of Kenya, to ensure sustainability of the insurer and protection of insurance policyholders’ interests.

Insurance Regulatory Authority is a State Corporation established under the Insurance Act, with the mandate to regulate, supervise and promote development of the insurance industry in the country by ensuring industry stability and market confidence.

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Pamoja Founders Project Awards $90,000 in Seed Grants to Six African Food Security Innovators https://theyouthingmagazine.co.ke/2024/05/31/pamoja-founders-project-awards-90000-in-seed-grants-to-six-african-food-security-innovators/ https://theyouthingmagazine.co.ke/2024/05/31/pamoja-founders-project-awards-90000-in-seed-grants-to-six-african-food-security-innovators/#respond Fri, 31 May 2024 13:41:10 +0000 https://theyouthingmagazine.co.ke/?p=9282 Pamoja Founders Project on Thursday, May 30, Awarded six entrepreneurs from Ethiopia, Nigeria, Mozambique, Uganda, and Kenya each with $15,000 seed grants to address...

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Pamoja Founders Project on Thursday, May 30, Awarded six entrepreneurs from Ethiopia, Nigeria, Mozambique, Uganda, and Kenya each with $15,000 seed grants to address food security challenges.

Following a competitive pitch competition held in Nairobi, Kenya, the winning food security champions received the catalytic support through the collaborative regional leadership development program by IREX, the PepsiCo Foundation, and PepsiCo.

The catalytic grants, valued at $15,000 each, were awarded to:

  • Elizabeth Okullow, Founder, Agriboom; Kenya
  • Juliet Namwanje, Founder, Ziimba; Uganda
  • Brendah Nantongo, Founder, Veathari Ventures Limited; Uganda
  • Nathnael Tadesse, Founder & CEO, Senaryo Trading, PLC; Ethiopia
  • Abdul de Almeida, Co-Founder, Crimas, Orza and FAE; Mozambique
  • Dr. Akpem Terese Shadrach, Founder, Vet Konect; Nigeria

The winning enterprises address critical food security challenges in their respective countries.

The award ceremony was graced by distinguished guests including representatives from IREX, the PepsiCo Foundation, and PepsiCo; H.E. Hon. Governor Sakaja Johnson, Governor of Nairobi City County, Kenya; United States Embassy officials; and prominent figures from the business and social impact sectors.

IREX’s Country Director for Kenya and East Africa, George Kogolla congratulated the winners, pointing out that the importance of multi-stakeholder collaboration in addressing food security challenges across West, East and Central Africa.

The Pamoja Founders Project winner with representatives from IREX, PepsiCo and PepsiCo Foundation with the Nairobi Governor, H.E. Hon. Governor Sakaja Johnson.

“We also celebrate IREX and PepsiCo’s shared commitment to investing in promising young African leaders across the continent. As IREX marks 10 years of administering the U.S. Department of State’s Mandela Washington Fellowship, Pamoja exemplifies our continued support for alumni of such programs and their innovative solutions for Africa’s challenges,” he said.

The Pamoja Founders Project provides comprehensive training, mentorship, and networking opportunities to equip young entrepreneurs with the skills and resources needed to scale their ventures. The champions represent the diverse landscape of food security solutions across Kenya, Uganda, Ethiopia, Tanzania, Mozambique, and Nigeria.

“‘Pamoja’ is a Swahili word that means ‘together.’ At the PepsiCo Foundation we believe no single entity can solve an issue alone – working together with our partners and the communities we serve is key to ensuring our solutions are locally tailored for lasting impact.” C.D. Glin, President of the PepsiCo Foundation & Global Head of Social Impact for PepsiCo, stated.

Glin expressed his gratitude to the role Pamoja Founders Project is playing in making the food system more inclusive, secure, and sustainable across Africa.

“We are committed to working with innovators and changemakers to catalyze and shape a more sustainable food system for Africa. Each of the Pamoja entrepreneurs’ ventures addressed critical challenges and we look forward to being an integral part of their journey to further success,” said Wael Ismail, Vice President – Corporate Affairs in Africa, Middle East, and South Asia (AMESA), PepsiCo.

From L to R : Devendri Adari Head of the PepsiCo Foundation programs across South Africa and West East Central Africa, Wael Ismail, Vice President – Corporate Affairs in Africa, Middle East, and South Asia (AMESA), PepsiCo, Dr. Akpem Terese Shadrach, Founder, Vet Konect from Nigeria, H.E. Sakaja Arthur Johnson. Governor -Nairobi City County and Roshan Paul, Director of Leadership at IREX during the award ceremony held in Nairobi.

“This exceptional cohort exceeded our expectations with their passion, thoughtfulness, and commitment to advancing food security across Africa,” said Roshan Paul, Director of Leadership at IREX. “Pamoja has affirmed that IREX’s investment in cultivating and supporting Africa’s future leaders is paying dividends.”

IREX will support the entire cohort for the next three months as they complete the program. After the project, the Pamoja Founders will join a vibrant, supportive pan-African network of IREX alumni.

The project also honoured and recognized the contributions and accomplishments of the other participants in the cohort:

  • Benson Abila, Founder, M-Taka; Kenya
  • Mafeng Dangyang, Co-Founder, Kayan Gona Agro Network; Nigeria
  • Emmanuel Dusabimana, Founder, Agriboom; Uganda
  • Nalugemwa Elizabeth, Founder, Seedloans and Kyaffe Farmers Coffee; Uganda
  • Abdallah Mabrouk, Founder & Executive Director, Ibukia Shambani; Tanzania
  • Babajide Oluwase, Co-Founder and CEO, Ecotutu; Nigeria

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Two Kenyans Among 12 Finalists for The Pamoja Founders Project https://theyouthingmagazine.co.ke/2024/05/24/two-kenyans-among-12-finalists-for-the-pamoja-founders-project/ https://theyouthingmagazine.co.ke/2024/05/24/two-kenyans-among-12-finalists-for-the-pamoja-founders-project/#respond Thu, 23 May 2024 21:38:10 +0000 https://theyouthingmagazine.co.ke/?p=9255 Two Kenyans were emerged among 12 finalists of the Pamoja Founders Project spearheading ventures that enhance sustainable food systems in six countries across West,...

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Two Kenyans were emerged among 12 finalists of the Pamoja Founders Project spearheading ventures that enhance sustainable food systems in six countries across West, East, and Central Africa.

Benson Abila, founder of M-Taka, and Elizabeth Okullow, founder of Agriboom, were among the inaugural cohort members representing Kenya. Their unique ventures aim at addressing food security, sustainable supply chains, and resilient food systems.

This collaborative regional leadership development program by IREX, the PepsiCo Foundation, PepsiCo, and D-Prize involved the entrepreneurs in a comprehensive 9-month training program after which six of the most promising enterprises will each receive a catalytic seed grant of USD $15,000, provided by the PepsiCo Foundation.

“The journey the Pamoja fellows have been on over the past nine months—both as individuals and as a cohort—has been truly remarkable,” Roshan Paul, IREX’s Leadership Practice Director, said. “Each has excelled with the challenging curriculum, and more importantly, accelerated their venture’s trajectory to impact.”

In reiteration, C.D. Glin, President of the PepsiCo Foundation and Global Head of Social Impact for PepsiCo, added that what makes this program different from other accelerators is the backing of one of the world’s leading food and beverage companies and a renowned global NGO committed to catalyzing sustained connections and shared learning experiences that will ultimately fuel pathways to prosperity for these leaders and their communities.

He emphasized that “The Pamoja Founders Project is an investment in a more food-secure and resilient future for Africa.”

Through mentorship, skill-building workshops, access to professional networks, and crucial funding opportunities, the program empowered these young entrepreneurs to scale their ventures. The cohort has undergone personal and professional growth, equipped with essential tools to amplify their impact within their sectors and markets.

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Policyholders Compensation Fund (PCF) joins hands with the Ngong Hills Community in a Tree Planting Exercise https://theyouthingmagazine.co.ke/2024/05/21/policyholders-compensation-fund-pcf-joins-hands-with-the-ngong-hills-community-in-a-tree-planting-exercise/ https://theyouthingmagazine.co.ke/2024/05/21/policyholders-compensation-fund-pcf-joins-hands-with-the-ngong-hills-community-in-a-tree-planting-exercise/#respond Tue, 21 May 2024 09:44:10 +0000 https://theyouthingmagazine.co.ke/?p=9250 The Policyholders Compensation Fund (PCF) on Monday, May 20, conducted a tree planting exercise in collaboration with the Ngong Hills community to anchor its...

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The Policyholders Compensation Fund (PCF) on Monday, May 20, conducted a tree planting exercise in collaboration with the Ngong Hills community to anchor its commitment to environmental sustainability and to further the Presidential Directive on the National Tree Growing and Restoration Campaign.

President William Ruto launched this national tree planting campaign in December 2022, emphasizing the importance of planting trees in urban and rural areas, and promoting reforestation, agroforestry, and afforestation.

The goal of the campaign is to grow 15 billion trees and raise the nation’s forest and tree cover percentage from 12% to 30% by 2032 , with the aim of combating the devastating effects of climate change in Kenya. The tree planting exercise was spearheaded by the Managing Trustee, Mohammed Sahal in collaboration with the Ngong Hills community and was joined by the PCF staff members.

From left, Mr. Deberious Sikuku, PCF Board of Trustee, Mr. Mohammed Sahal, Managing Trustee of PCF, and Dr. Ben Kajwang MBS, PCF Board of Trustee, plant a tree during the PCF tree planting exercise held in Ngong Forest on 17th May 2024.

“In our strategic plan the Fund has identified environmental sustainability as a key accelerator to achieve overall strategic objectives. We are thrilled by the participation and support we received from the Ngong Hills community for this initiative. Witnessing the community come together with such  dedication truly showcased our shared commitment to environmental stewardship and sustainability. Their passion and energy underscored the importance of collaborative efforts in addressing environmental challenges and fostering a greener, more sustainable future for generations to come.” said Mohammed Sahal, Managing Trustee, PCF.

During the event, participants received guidance on proper tree planting techniques and the maintenance of trees. Through hands-on involvement, they gained valuable insights into the crucial role trees play in mitigating climate change, enhancing biodiversity, and improving the quality of the air.

“Our collaboration with the Ngong Hills community underscores PCF’s dedication to making a positive impact beyond our core mandate,” added Dr Ben Kajwang, Representing the Board Chairman. “Together, we planted the seeds for a greener, healthier future for generations to come.”

The success of the tree planting initiative reflects the Fund’s broader initiatives that benefit the communities it serves. This initiative marks a significant step towards a greener Kenya, and the Fund is proud to be a driving force in this positive change.

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Fourth AmCham Business Summit Set to Bolster US-Kenya Trade Relations https://theyouthingmagazine.co.ke/2024/03/20/fourth-amcham-business-summit-set-to-bolster-us-kenya-trade-relations/ https://theyouthingmagazine.co.ke/2024/03/20/fourth-amcham-business-summit-set-to-bolster-us-kenya-trade-relations/#respond Wed, 20 Mar 2024 08:40:24 +0000 https://theyouthingmagazine.co.ke/?p=9095 A diverse array of topics crucial to the region’s economic development will be addressed during the summit.

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The fourth edition of the regional American Chamber of Commerce Kenya (AmCham) Business Summit, the premier platform for strengthening bilateral trade and investment between the United States, Kenya, and East Africa is set to be held on April 24–25, 2024, in Nairobi, Kenya.

President William Ruto has been confirmed as the Chief Guest, spearheading a government delegation to the summit that aims to expand commercial opportunities and markets. Several high-ranking US government officials are also expected to grace the occasion. There will also be close to 1,000 delegates, including business and government delegations from the US and across the East African region.

Mr. Peter Ngahu, the President of AmCham’s Board, highlighted that the Summit would explore opportunities to promote sustainable and inclusive growth while increasing investment in Kenya and the East African region.

“As we celebrate years of shared value and interests, the AmCham Business Summit stands as a beacon of opportunity. We look forward to exploring how we can leverage these opportunities as we stay committed to helping drive investments in East Africa,” Mr. Ngahu remarked.

A diverse array of topics crucial to the region’s economic development will be addressed during the summit. These include discussions on shaping the future of US-East Africa trade and investment, climate action, digital transformation, and sustainable finance for East African economies. Panels, keynotes, and roundtable discussions, moderated by experts from both the public and private sectors, are set to provide insightful perspectives on navigating the evolving business landscape in the region.

AmCham’s CEO Maxwell Okello highlighted the summit’s potential to explore vast trade and investment opportunities, driving economic growth and prosperity across East Africa.

“The summit provides a platform to explore the vast trade and investment opportunities that lie ahead, fostering economic growth and prosperity across our region. We are delighted to convene the business community to chart the course towards strengthened cooperation in critical spheres such as trade and investment, technology, sustainability, healthcare, and economic growth, all while nurturing meaningful connections between businesses and nations.” Okello stated.

AmCham’s CEO Maxwell Okello

According to the African Development Bank’s East Africa Economic Outlook, East African economies are poised to achieve the highest regional economic performance on the continent, with growth figures exceeding 5 percent. However, persistent barriers to trade and investment, such as illicit trade, counterfeits, currency volatility, and inflation, continue to challenge the region’s economic landscape.

In 2022, the United States emerged as Kenya’s largest export market, with approximately $890 million in goods exported to the US. Additionally, the US exported around $600 million in goods to Kenya, reflecting a balanced trade relationship. This relationship is expected to further strengthen as negotiations for a Strategic Trade and Investment Partnership between the US and Kenya progress, marking a significant milestone in bilateral trade relations between the US and a sub-Saharan African country.

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Kenyan Content Creators to Start Earning From Facebook in June https://theyouthingmagazine.co.ke/2024/03/18/kenyan-content-creators-to-start-earning-from-facebook-in-june/ https://theyouthingmagazine.co.ke/2024/03/18/kenyan-content-creators-to-start-earning-from-facebook-in-june/#comments Mon, 18 Mar 2024 13:16:18 +0000 https://theyouthingmagazine.co.ke/?p=9070 This development positions Kenya among the select countries on the continent that have access to this monetization feature. 

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Kenyan content creators are set to start earning from their content from June 2024 after social media giant, Facebook, through its parent company Meta announced the rolling out of instreams ads.

The announcement was made by Facebook’s President of Global Affairs, Nick Clegg, during a meeting with President William Ruto at State House, Nairobi.

Sir Clegg confirmed that Kenyan creators will have the opportunity to earn revenue through various channels across Facebook and Instagram, including in-stream ads in their content, Facebook Stories, Instagram subs, and IG gifs.

“I want to pay tribute to your remorseless representation on behalf of the creators of Kenya,” he said as he thanked President Ruto for pushing the social media giant to act.

“You and I have met on a number of occasions and every single time you have said on behalf of the ingenious, humorous creative online creators here, you have been pressing me and Meta that all that creativity that they should also use online tools to turn that into material benefit.”

This development positions Kenya among the select countries on the continent that have access to this monetization feature.

This move follows a year-long effort by the government, led by President Ruto, to advocate for creators to earn from their online content.

In his remarks, President Ruto commended the relentless efforts of the creators in advocating for their rights. He expressed satisfaction with the progress made in achieving the monetization process.

“We have undergone numerous consultations, and I am pleased with the progress we are making. The content creators have been pushing me on this but today, I am glad that we made a step process of monetization,” he said.

The president also confirmed that Meta will integrate M-Pesa as a payment option to ensure accessibility for a wider range of creators.

To be eligible for monetization, creators must have at least 5,000 Followers, be over 18 years old, have at least 5 active videos on their Facebook pages, and have accumulated 60,000 minutes of video views in the past 60 days, including live videos.

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