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Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has launched innovative in-person payment solutions in Kenya, as part of its plans to transform payment across Africa.
“Launching our point-of-sale solutions is part of our strategy to enter the in-person payments market in Kenya. As a...
Co-op Bank of Kenya has been named Kenya’s Best Private Bank for Growth Strategy at the Global Private Banking Awards 2026 held in London on November 5.
The awards, organised by Professional Wealth Management (PWM) and The Banker, both publications of the Financial Times Group, recognise performance in private banking and wealth management.
First Assurance Investments Limited has completed the acquisition of Absa Group’s entire 100 per cent shareholding in First Assurance Holdings Limited, ending the lender’s ownership of the insurance business.
The transaction, announced on Monday, follows regulatory approvals and the fulfilment of customary completion conditions, transferring full ownership of the holding company, which controls First...
Equity Group increased procurement spending on women-owned businesses by 303 per cent to Sh3.72 billion in 2025, as the financial services group stepped up efforts to expand economic opportunities for women, young entrepreneurs and persons with disabilities.
The expenditure, which rose from Sh923.53 million in 2024, formed part of the Group’s total procurement spending...
After a sold-out 10th anniversary, Kenya's Nutcracker returns to the Kenya National Theatre, and heads to the Coast for the first time
175 dancers from 25 countries, 50 scholarship students and a live orchestra under Kenyan conductor Antony Muriuki Kaburu
Local cement and concrete products manufacturers have urged both the public and private sectors to adopt low-carbon cement use to support sustainable building and construction standards.Speaking at a Green Industrialisation and Manufacturing Panel session at the ongoing Kenya Industrialisation Summit 2026, officially opened today by President William Ruto, Bamburi Cement Plc Sustainability and...
KWAL CHAMPIONS WOMEN-LED INDUSTRIAL GROWTH AS MANUFACTURING TAKES CENTER STAGE IN KENYA’S ECONOMIC AMBITIONS
Over 50 female industrial leaders tour KWAL’s state-of-the-art Tatu City facility during the 10th edition of KAM’s Women in Manufacturing (WiM) industry series.NAIROBI, KENYA – 5th November 2026 – As Kenya accelerates efforts to scale the manufacturing sector's contribution to...
Now in its third edition, the award by Speak Up Africa and the Ouagadougou Partnership Coordination Unit offers four winners a combined total of US$50,000, mentorship and media training.
Applications close on Friday 6 November 2026 at 23:59 GMT.
Speak Up Africa and the Ouagadougou Partnership Coordination...
Ireland Kenya has changed its name to the Irish Chamber of Commerce Kenya in a move aimed at strengthening trade and investment links between Kenya and Ireland.The organisation unveiled its new identity on October 29 at a reception hosted by Ireland’s Ambassador to Kenya, Caitríona Ingoldsby, and chamber chairperson Katherine Muldoon at the Irish Residence in Nairobi.The...
Kingdom Bank has opened a new branch on Wabera Street in Nairobi’s Central Business District, expanding its network to 30 branches across the country.
The branch, located at the site of the former Trattoria Italian restaurant, will serve micro, small and medium-sized enterprises, traders, professional firms and retail customers operating in the city centre.
The Central Bank of Kenya (CBK) plans to summon commercial banks to explain how they intend to meet minimum capital requirements, as the regulator steps up efforts to strengthen the banking sector.
CBK Governor Kamau Thugge said the regulator had already called in some lenders to explain their plans, while others that may struggle...
![Canon’s RF/EF lens production exceeds 170 million units, extending its world record in interchangeable lens production Both EF and RF lenses have gained strong support from a wide range of users—from beginners to professionals—leading to steady growth in production volume Canon Inc. announced that, in October 2025, Canon reached a historic milestone of producing a cumulative total of 170 million RF and EF interchangeable lenses for its EOS series, extending its world record for the highest number of interchangeable camera lenses ever produced. The EF lens was introduced in 1987 as the dedicated lens system for Canon’s EOS autofocus single-lens reflex film camera, debuting simultaneously with the EOS system itself. Since their inception, EF lenses have led the industry by incorporating a series of world-first technologies, including the Ultrasonic Motor (USM), Image Stabilizer (IS) technology, and a multilayered Diffractive Optical (DO) element, and have undergone numerous evolutions. In 2018, Canon launched the RF lens series, designed for the EOS R mirrorless camera system, which features a large aperture, short back focus, and high-speed communication system to deliver even higher image quality. The RF and EF lens series lineup now includes a total of 108 models , covering a wide range of focal lengths from ultra-wide 10mm to super-telephoto 1200mm. The series also includes the world’s first VR lens lenses with built-in power zoom suited for video shooting, and even those compatible with power zoom adapters—expanding the scope of creative expression and meeting the diverse needs of users for both still photography and video. EF lens production began at Canon’s Utsunomiya Plant in 1987. Since then, both EF and RF lenses have gained strong support from a wide range of users—from beginners to professionals—leading to steady growth in production volume. Today, Canon manufactures lenses at five sites: Utsunomiya Plant; Canon Inc., Taiwan; Canon Opto (Malaysia) Sdn. Bhd.; Oita Canon Inc.; and Miyazaki Canon Inc. Milestones include 10 million units produced by 1995 and 50 million by 2009. Then in 2014, Canon became the first company in the world to reach 100 million interchangeable camera lenses produced. In October 2025, the company reached 170 million units, leading to the achievement of this world record. The 170 millionth lens produced was the RF 70-200mm F2.8 L IS USM Z. Canon has maintained the No.1 global market share for digital interchangeable-lens cameras for 22 consecutive years since 2003. Moving forward, Canon will continue to refine its proprietary imaging technologies and further strengthen and expand its lens lineup, pioneering new imaging possibilities and contributing to the continued evolution of photographic and video culture. Highlights in the development of the RF/EF Lens Series The EF lens, which was introduced alongside EOS in March 1987, has adopted a variety of world-first technologies, including Image Stabilizer (IS) technology, featured in the EF 75-300mm f/4-5.6 IS USM released in 1995; a multilayered Diffractive Optical (DO) element, used in the EF 400mm f/4 DO IS USM launched in 2001; and Subwavelength Structure Coating (SWC) [7], applied to the EF 24mm f/1.4L II USM released in 2008. In 2021, Canon launched the EOS VR System, a VR video system consisting of a mirrorless camera [8], dedicated lens, and PC software, thereby creating a 3D 180° VR video through an interchangeable lens camera. In 2024, Canon began rolling out a new series of hybrid lenses equipped with iris rings, designed to meet the needs of both still photography and professional video production. For zoom lenses, the company has also launched RF 24-105mm F2.8 L IS USM Z and RF 70-200mm F2.8 L IS USM Z which are compatible with power zoom adapters. For single focus lenses, the company released F1.4 L hybrid prime lens series that unified the size and ring and button position across models. In September 2025, Canon launched RF 85mm F1.4 L VCM, the fifth model in this series, demonstrating that it can meet demands in line with the changing times. [1] Includes EF, EF-S, EF-M, EF Cinema, RF, RF-S, and RF Cinema lenses and extenders. As of October 21, 2025 (according to a survey by Canon) [2] Among SLR cameras (according to a survey by Canon) [3] Number of products sold as of October 22, 2025 (including extenders). The number of lens models for sale is different according to market figures. [4] Focal length is 5.2mm to 1200mm when including VR lenses [5] An interchangeable digital camera lens that enables VR footage with a single camera. Among interchangeable lens digital cameras released as of October 5, 2021 (according to a survey by Canon) [6] Refers to unit share (according to a survey by Canon) [7] A special coating with advanced anti-reflective properties [8] For applicable cameras, please visit the official Canon website *Release dates in this document refer to dates in Japan. Canon Central and North Africa (CCNA) is a division within Canon Middle East FZ LLC (CME), a subsidiary of Canon Europe. The formation of CCNA in 2016 was a strategic step that aimed to enhance Canon’s business within the Africa region - by strengthening Canon’s in-country presence and focus. CCNA also demonstrates Canon’s commitment to operating closer to its customers and meeting their demands in the rapidly evolving African market. Canon has been represented in the African continent for more than 15 years through distributors and partners that have successfully built a solid customer base in the region. CCNA ensures the provision of high quality, technologically advanced products that meet the requirements of Africa’s rapidly evolving marketplace. With over 100 employees, CCNA manages sales and marketing activities across 44 countries in Africa. Canon’s corporate philosophy is Kyosei – ‘living and working together for the common good’. CCNA pursues sustainable business growth, focusing on reducing its own environmental impact and supporting customers to reduce theirs using Canon’s products, solutions and services. At Canon, we are pioneers, constantly redefining the world of imaging for the greater good. Through our technology and our spirit of innovation, we push the bounds of what is possible – helping us to see our world in ways we never have before. We help bring creativity to life, one image at a time. Because when we can see our world, we can transform it for the better.](https://businessinsights.africa/wp-content/uploads/2026/05/1.-Canon-EOS-R50-Mirrorless-Camera-for-Beginners-1024x764-1-218x150.jpg "Canon makes history with 170 Million lenses milestone")
