On completion, the project will significantly increase tourism and business travel annually by 4.2% between 2026 and 2052, while two-way cargo traffic is projected to annually grow by 5.1% over the same period.
The company was named the overall winner in all but one of the awards listed under two categories, namely the Collective Investment Scheme Award and the Fund Managers / Investment Award.
The banking sector remains resilient. Average commercial banks’ liquidity and capital adequacy ratios stood at 44.7 percent and 18.8 percent, respectively, in October 2017. The ratio of gross non-performing loans (NPLs) to gross loans decreased marginally to 10.6 percent in October from 10.7 percent
It is in line with three of the AfDB’s High 5 strategic priorities. The first is ‘Industrialize Africa’ through developing nearby export-oriented industrial zones. The project will also ‘Improve the quality of life for Africans’ through cutting congestion and improving some neighborhoods.
Masoko will accept all mobile money payments as well as Visa and MasterCard payments and will have dedicated delivery fulfillment partners such as Wells Fargo and Sendy to provide a seamless customer experience that is versatile, fast and secure.
The bank needed a core banking system that would provide a competitive edge as it enhanced services to expand in the growing market. They tapped IBM solutions to efficiently accommodate their growing customer portfolio and meet plans to increase their branches by 25 per cent each year.
This project (Cities Matter: Capacity building in sub-Saharan African megacities for transformational climate change mitigation) is part of the International Climate Initiative (IKI).
The first gof.afromillionslotto.com draw will take place on Wednesday 15th November. If no-one wins the jackpot, the prize money increases by nearly Sh30 million with each draw until it reaches a maximum of over Sh580 million.
So far 3 regional summits have successfully been held in Meru, Nakuru and Eldoret regions empowering over 25,000 BLAZERS. Over Sh2.2 million worth of cash has been given in business support to deserving ventures that have demonstrated potential to grow and ingenuity.
The company’s other ongoing green energy development projects include Olkaria I Unit 6, 70MW, Ngong Wind Phase III 10MW, Olkaria VI PPP 140MW, Olkaria I Rehabilitation 50MW, Olkaria I AU & IV topping plant 40MW, Modular wellheads 50MW, Meru Wind Farm 80MW.
“Intra-Africa investments and trade are prerequisites for regional and national economic development and growth…In a couple of years, Africa will have more people than India and China combined,” said Mr Robert Ahomka-Linsdey, Ghana’s Deputy Minister of Trade and Industry.
The investment falls under The Coca-Cola Company's global vision to become a total beverage company, by reshaping its growth strategy and operating model in line with the changing customer tastes and buying habits.
This method is not only high efficient, but also safe and does not pose any risk to end consumers. The World Health Organization, FAO, and IAEA have reviewed accumulated data from about 50 years of research.
The future of finance in MEASA will not be determined solely by technology. The rise in equity crowdfunding platforms and lower-cost portfolio investment products is unleashing new capital for entrepreneurs and businesses, and is giving middle and lower-middle-income citizens the ability to become i
The East Africa International Arbitration Conference is organized on an annual basis, and aims to highlight and strengthen the connection between effective dispute resolution, foreign investments, and economic development in Africa.
Finally, two operations with regional development finance institutions complete the portfolio of approved risk participations, which brings the total portfolio of the facility to 1/3 of its $1.5 billion target size and increase the PSF’s footprint to 25 countries.
During the Summit, seven youthful Kenyans who had viable and potential business ideas won Sh100,000 in cash and Sh10, 000 worth of Airtime each courtesy of Blaze to help them kick start their businesses. Auditions for the BYOB TV Show that is set to air later next year also went down well.
Non-moratorium depositors will continue to have full unrestricted access to their funds. CBK and KDIC met with CBLR depositors and shareholders on October 6, 2017, and who were supportive of the non-binding offer.
FUSO has been present in the Kenya market since the early 70’s with a wide range of vehicles from light-medium- and heavy-duty trucks to light- medium duty buses. The popular FH has been known in the market as the King of the Road, which Simba sold more than 13,000 units so far.
The report recommends that a win-win partnership and a collaborative approach involving development partners is needed to overcome the challenges of access to trade finance faced by financial institutions and the private sector in Africa.
The receivership over CBLR was last extended for six months from April 7. This followed the announcement on March 30 launching the process of identifying an investor to take an interest in the bank and the request for initial Expression of Interest (“EOI”) from investors.
Wala works with specialist providers in each market they’re operational in, including banks, to offer a full suite of financial services. Partners benefit from the reach and low cost access to previously unserviceable customers enabled by the Wala platform.
The company's two charitable arms, M-PESA and Safaricom Foundations have also seen their contributions to society almost double in the past year, from Sh3.6 billion to Sh6.6 billion. The greatest growth has been in the areas of education and health.
Some of the merchants where customers can now make payments with M-PESA 1Tap include Shell, Naivas, Choppies, KenolKobil, KFC, Oil Libya, Total and QuickMart. The merchant solution currently involves an NFC based reader integrated to merchants Lipa Na M-PESA tills.
"The partnership with OPPO Kenya today cements our commitment to bring our customers a variety of smart devices that will enable them stay connected and have the opportunity to enjoy the benefits of higher speeds of 3G and 4G devices," said Elizabeth Wasunna, Head of Retail Channels, Safaricom.
The beasts were, of course, not horses but the 77 competing cars and the 41 motorcycles. All of them were also beauties, because they were there to be judged for their preparation, their cleanliness and, especially, their elegance.
"Our purpose is to transform lives, and beyond creating solutions that aim to make a difference in our customer's lives, we are also fully focused on building a sustainable enterprise that can meet the challenges of business in a rapidly changing world," said Mr Collymore.
This year's 42Kms winners will walk away with Sh500,000 each while those who cross the finish line first in the 10Kms race will each pocket Sh40,000. Safaricom has set aside Sh2.5 million towards sponsorship for the event.
The first batch of the YTTP training, which was flagged off at the AfDB headquarters in Abidjan, Côte d’Ivoire, targets 30 young African professionals (between the ages of 18 and 35) of the cassava value-chain selected from 14 countries.
Entertainment in the Nakuru summit was top notch with Nyashinski, Khaligraph Jones and King Kaka thrilling the crowd with electrifying performances. Radio presenter Mwalimu Racheal and Musician Timmy T Dat mceed the high pitched event.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. The institution offers investment, advisory, and asset management services to encourage development in the private sector.
Following last year's announcement of an additional 600 jobs at its primary call centre located in Nairobi, Safaricom has started the process to create an additional 300 job opportunities this year to boost ongoing customer care initiatives.
"I am very excited to partner with Isuzu as their brand ambassador. Isuzu has been on a long journey to reach its success, a journey that I can relate to as an athlete. I look forward to growing the Isuzu brand to greater heights. Kwa kweli, Tuko Pamoja Safarini,” said Mr Kipchoge.
Kenya is SG’s first entry into Eastern Africa. The Representative Office will support the growing trade and investment links between Kenya and France. It will also allow deepening of SG’s regional footprint with Kenya as its anchor in Eastern Africa.
The enhanced availability of the platform to developers through APIs is expected to usher in an age of increased interconnectivity for M-PESA, which will support a wider range of capabilities for several different partners.
Till Streichert, the current Chief Financial Officer (CFO) and Executive Director of Vodacom Group, has been appointed as Alternate Director to Mr Moosub. Mr Streichert is also a Member of the Vodacom Group Executive Committee and is a Non-executive Director of Vodacom SA.
“Countries have increasingly recognized that advancing access to and usage of affordable, secure formal financial services can contribute to their development objectives,” write FDIP authors Robin Lewis, John Villasenor, and Darrell West. However, further opportunities for progress remain.
Safaricom has so far opened 46 shops countrywide in a bid to expand its services to the regions allowing customers to access and enjoy services from wherever they are across the country.
Launched in Estonia in 2013, Taxify is the fastest-growing ride-hailing company in Europe and Africa, offering taxi- and private car-hailing services to over 2.5 million users in major hubs across 18 countries, including Hungary, Romania, the Baltic States, South Africa, Nigeria and Kenya.
Some of the most important household products adversely affected include salt and maize flour. Distribution and supply of fertilizer will also been disrupted because the flat plastic liners used in their packaging are affected by the ban.
Since the start of operations in Kenya, WorldRemit customers have completed almost 2 million money transfers to the country. They now send more than 80,000 transactions every month from the WorldRemit app and website.
"During the last expo held in 2015 participants felt the crunch of having to pay for travel and accommodation at one go and this will be avoided following the agreement we have entered into with Africa’s leading online travel company,” said Mrs Lee.
The Chinese billionaire said that Africa's poor infrastructure, social, economic and political situation should be a source of innovation for most entrepreneurs, just as lack of e-commerce in his home country inspired him to start one of the biggest online marketplaces.
KAM has been a key stakeholder in championing the war against counterfeiting in Kenya by supporting the Anti-Counterfeit Agency (ACA) as well as promoting EAC regional integration through the Association’s vigorous advocacy work.
The project team will map current health services and facilities and understand how these are used in six slums across Asia and Africa. They will identify the costs associated with how the health services run in each slum, including costs to the patients and their households.
Growth of credit to the private sector fell further to 2.1 percent over the 12 months to May 2017, partly due to significant repayments in manufacturing, transport and communication, and developments in the trade sector.
Swaziland and Lesotho will be part of South Africa's operations while Botswana, Zambia, Zimbabwe, Malawi, Namibia, St Helena and Angola become part of the East Africa block of markets which include Kenya, Tanzania, Uganda, Ethiopia, Mozambique, Djibouti, Somalia, Somaliland and Eritrea.
Equity Bank Kenya caters to SMEs and large corporates through its Supreme Banking offering with branches in key locations such as Nairobi’s (Upperhill, Gigiri, Lavington and Kilimani) ; Kisumu; Mombasa, Nakuru, Eldoret among many other major towns in Kenya.
The portal will serve as a central national repository for information on county legislation and devolution related issues in all the 47 counties thereby playing a vital role in public awareness by serving as a source of information on key revenue laws, county revenue enhancement measures and county
Witnesses said they heard the plane coming down with a funny sound. “It roared funnily before it crashed and rolled disintegrating moments after take-off,” said a witness. The scene of the crash is about two kilometres from the airport.
The Standard Chartered branches that will be affected include, Bungoma, Kisii, Kitengela and Warwick (Nairobi). The bank says the move is pegged on the digital transition.
Since its launch 15 years ago DMI Centre has been carrying out awareness campaigns that include community screening drives, training of school teachers and peer educators, as well as provision of insulin kits to children living with diabetes at no cost.
Mr Biwott fought for the leadership of Kanu with President Uhuru Kenyatta before finally forming his National Vision Party of Kenya (NVP). Things changed and he had endorsed Mr Kenyatta for a second term in office and was one of the key opinion leaders he was relying on to campaign in the North Ri
This is the second time for the CBK to participate, in the context of the CBK’s 50th anniversary, as Title and Thematic Sponsor of the Music Festival.
Through the new launched service *622#,it will help the artist by accessing monthly revenue report detailing the number of Skiza tunes and the revenue generated per song. This will be sent via email by the 5th day of every month.
The series of events are to showcase Dubai’s expanding proposition of affordable luxury experiences to key travel partners in the East African region, spanning across travel, accommodation, entertainment and events in the city, and placing a focus on family travel.
It’s an innovation that has attracted many customers to an extent that the company has introduced direct fleets to the Syokimau Standard Gauge Railway-SGR terminus from Nakuru town.
Top on his agenda has been youth empowerment programs especially among the youth who hardly get the capital to start up business in the steadily growing Tanzanian Economy.
The Ministry of Education has for the last 53 years coordinated the Secondary Schools Science Congress, now known as the Kenya Science and Engineering Fair (KSEF) as the only science co-curriculum activity for Kenyan schools in the country.
The agenda aims to centralize the economic agenda of this country in current and future political narratives. This includes the need to double jobs, double exports, increase foreign exchange earnings and raise manufacturing share of GDP to 15 per cent by 2020.
The theme of this year’s conference is “Partnerships for Innovative Energy Solutions”. Global trends point to the need for strategic partnerships to solve complex emerging challenges for organizations that intend to win big in the marketplace.
Nine contestants from Meru County qualified as blazers and are now hopeful to join the BYOB TV series for competition with others who will be selected in the other remaining 5 summits set to be held in different towns across the country.
As the final part of the Creation Camp and ahead of the summit, all participants, mentors and performing artists, went into five pre-identified high schools and had a 1-hour mentorship session and gave out a donation as part of the CSR projects.
The first event of this series was held on Friday 16th June at the Garden City Loop Store where participants were selected from the 52 Week Savings Challenge Group. A group on Facebook that has evolved into a platform for entrepreneurs to share ideas, experiences and information.
The Ministry Official affirmed that, “EAC is expanding because it is attractive and progressing, as its benefits are visible like the Single Customs Territory (SCT), a Common Market, a common higher education area, One Stop Border Posts, and so many others”.
The winning teams will each walk away with Kshs1 M (one million) and a trip to London in April 2018 during which they will get a chance to have mentorship sessions with Wanyama, visit a youth training camp and watch a live game.
The Kiambu County TVET Deputy Director, Mr Wilfred Nyarangi pointed out that partnership between TVET institutions and industry are key in offering skills relevant to the labour market.
As the final part of the Creation Camp and ahead of the summit, all participants, mentors and performing artists, will go into five pre-identified high schools and have a 1-hour mentorship session, as part of the CSR projects.
Kenyan-born and raised, Rob Stevenson is the organiser of Kenya's Last Male Standing (LMS) Rhino Cup for the past 3 years, and set up LMS to help rhino conservation in Kenya and cricket development.
Consumer wallet will empower businesses with the requisite insights to arrive at more strategic decisions, and with deeper understanding of their customer needs. The service will be available on both a subscription and license basis.
Mr Rupen Samani started the company as a hobby when he was only 18 years of age, whereby his father decided to support him in making his dream come true.
The study, published in the latest edition of Nature (Volume 546 Number 7658), the world's top-ranked journal, analysed the impacts of 140 constructed and under-construction dams and the potential impact of 428 built and planned dams on the rivers of Amazon.
This improvement is attributed to the government’s efforts to simplify procedures for setting up businesses, as well as improving access to credit and protecting minority investors.
The entry of Mayfair Bank Limited will broaden the choices available to the Kenyan banking public and enhance the competitive environment in the banking sector.
The website also provides consumers with a simplified, as well as an advanced Total Cost of Credit (TCC) calculator to inform consumers of their decision-making prior to taking up loan products.
But the shocking empty shelves of supermarkets comes under the backdrop of reports that 1.2 million bags of maize arrived in the country on Monday this week aimed at addressing the crisis.
Quality, productivity and profitability are inseparable and all serve the purpose of making service operations efficient
The National World Athletics Championships, on the other hand will field athletes in long and short distance races as well as other field events
Customers can access Little Services by downloading the App from their Android play store, Windows phone store or iPhone App store
The jury reviewed over 200 nominations from 43 countries. After careful consideration, the finalists were selected for their extraordinary, innovative work to advance respect for diversity
The current humanitarian data system is struggling to offer an accurate picture of the impact of displacement on those forced from their homes and the countries that host them, ONE’s research revealed
Designed specifically to address education challenges in more rural areas, the SPIS is equipped with tablets, an electronic smart board and Internet connectivity
Listed on the Nairobi Securities Exchange and with annual revenues in excess of Kshs 200 Billion, Safaricom invested Kshs 38 billion in building its network last year, providing over 80 per cent of Kenya's population with 4G, 3G and 2G coverage.
The legal assistance will empower artists when it comes to negotiating their contracts with the various parties, allowing them to do so from a more informed view
The new product gives airlines end-to-end trip engagement via mobile, allowing them to develop more valuable and lasting relationships with their customers
According to the World Bank Doing Business Report 2016 Ghana made trading across borders easier by upgrading infrastructure at the port of Tema, and reducing the documentation and border compliance time for importing
CBA is the largest privately- owned bank in East Africa and has been operating for over 54 years. CBA has a proud heritage and history as a refined financial services provider and through this acquisition is responding to the growing needs and desires of the bank's customers within the region
WorldRemit currently sends money to more mobile money accounts than any other operator in the world, enabling migrants to send money from their smartphones to the mobile phones of friends and relatives in over 140 countries.
This year over 290,000 people participated in the Red Dot Targeted Consumer Promotion, compared to 78,000 in the first edition of the promotion in 2015, affirming the brand’s crucial role to engage its customers
“Equity started with brick and mortar approach, opening branches in remote areas. The bigger question was how to get even closer to the people? This led to the introduction of the Agency Banking, and now, being next to the people, Equity has made going to a bank much less intimidating,” she said.
"Football is just one opportunity that allows us a company to connect with our customers around their content they love. We look forward to the start of the new season where we will continue to deliver the world’s most watched football leagues to our subscribers,”said Mr Wahome.
4G+ technology allows peak download speeds of 150Mbps, while 4G is at 60-100Mbps. A 30-minute HD video takes a little over two minutes to download on 4G+, compared to eight minutes on standard 4G.
“We use the event as a platform to promote the rights of disabled people, community integration and also as a platform for nurturing upcoming talent,” said Gideon Gachara, the Race Coordinator.
The Committee concluded that overall inflation is expected to remain above the Government target range in the near term due to elevated prices for some food items. Nevertheless, the prevailing policy stance had reduced the threat of demand driven inflation.
In a press release sent by the company management farmers are now advised to expand their crop acreage by using pyrethrum seedlings available in PPCK’s established nurseries through respective field officers and also utilize inter crop transfers.
The SDGs are a new universal set of goals, targets and indicators aimed at ending poverty, protecting the planet, and ensuring prosperity. They were adopted by UN member states in September 2015.
“We are confident the ‘Soaring Eagle’ transformation project’ will continue to provide us with the agility and resilience to achieve our strategic objectives even in the current tight operating environment,” the CEO said.
"I am glad to note that over 15 industries in the coast region have committed to take up interns and upgrade employees’ technical skills. We will also place over 60 graduates in industries in the coast region by June 2017,” said KAM Coast Chapter Chair Jinal Shah.
The aircraft, a next-generation turboprop, is renowned for steep approaches and short take-offs. These features make it suitable for use in domestic airports such as Diani, Malindi and Manda, as well as other airports in the East African region with relatively short runways
To participate, consumers must purchase 200ml, 300ml or 500ml returnable glass bottles of Coca-Cola, Fanta or Sprite and check under the yellow crowns for an eight-digit alphanumeric code. They will then send an SMS with the code to the short-code number 40111.
To support the regional centre, the Kitengela shop will become the eighth standalone shop located in the region. In line with expanding population growth in the area, the shop will enhance customer experience while allowing customers to access Safaricom products and services conveniently.
Mr Pasha said that the success of the CBA Concours d’Elegance in Kenya has motivated CBA to sponsor the Uganda Classic and Vintage Auto Show in Kampala which will be held on Saturday 29 July at the Sheraton Hotel grounds in the Ugandan capital.
"Kenya is a perfect placed to be based due to its central African location and lively innovation scene. It is an honour to hand over the leadership of the Kenyan company to a CEO as experienced and accomplished as Adil”.
Speaking at the forum, the Cabinet Secretary, Ministry of Public Service, Youth and Gender Affairs Ms Sicily Kariuki, stated that the contribution of women to national development is key for the growth of the country.
People prefer using PayPal because it is accepted on multiple platforms and is very secure. Once you’re registered and verified, you can buy items and make payments without having to enter your credit card details each time or requiring one to share their financial information with the sellers.
Welcoming this acquisition, CBK Governor Patrick Njoroge said, “The entry of SBM Group into Kenya provides a welcome impetus to our banking sector. SBM will bring its experience and expertise from Mauritius and other markets, to enhance the competitiveness and resilience of Kenya’s banking sector".
The new service will enable customer to tap a special cards on a special machine at a point of sale and will be required to enter their M-PESA pin to complete the transaction. It sallow clients a high level of privacy since it will reduce errors that occur when payments are made at unintended till n
Ms Mohamed was instrumental in Kenya’s successful hosting the Sixth Tokyo International Conference on African Development Summit (TICAD VI) in Nairobi in August 2016. This was the first time ever for the conference to be held on African soil.
The system will then randomly select winners who will get a response of ‘SUBBED' or 'PLAY ON'. If the consumer is SUBBED, he/ she will then receive Instant airtime of either Sh100, 250, 500 or 1,000.
“We aim to retain this victory in the future and translate this success into a deeper emotional connection with our customers by giving them freedom, choice and control with our product and service offering,” Dr Mwangi added.
Equity branch managers of the respective branches led their teams in teaching and educating students how money management can help them gain financial freedom, and prepare them for the future. They encouraged the learners to start making the right financial decisions now.
"The Shortlisted Investors and other respondents have been informed of the outcome of this process. Shortlisted Investors will be granted access to comprehensive confidential data that will allow them to develop a formal proposal for taking an equity interest in CBL," said the statement.
The groundbreaking ceremony for Olkaria V also coincides with the commissioning of 75MW of Wellhead Units which is a success story in KenGen’s efforts to scale up the provision of green, reliable and affordable energy in the fastest way possible for national development.
Cooperative Bank of Kenya, Diamond Trust Bank and Commercial Bank of Africa have enlisted as partner banks to the programme in Kenya, while Diamond Trust Bank (Uganda) and Bank of Africa (Tanzania) are the other partner banks in the region.
CBK has now welcomed the entry of international brands such as DIB into the Kenyan Banking Sector which will improve the sector and expand the offerings in the market. This also signifies the first entry of UAE Bank in Kenya to support the long-standing economic ties between Kenya and UAE.
The Bank continues to invest heavily in social and digital platforms in a bid to reach out to its targeted audience and meet business objectives in different locations given its presence in six African countries and a wide network of branches.
CA director general Francis Wangusi said the regulator was reviewing the cause of the service interruption and would take action on Safaricom if it finds that the problem arose from technical failure. "We are waiting to get an explanation on what happened," he said.
The Group unveiled the the development in a news dispatch from Washington, distributed by the African Press Organization. With support from prominent African investment groups, XL Africa will help the 20 selected start-ups attract early stage capital between $250,000 and $1.5 million.
The MD said that in order to expand testing capability in the country KEBS is in the process of establishing more laboratories in Kisumu, Eldoret and Kisumu. He noted that the move will reduce cost for traders who at the moment have to travel to Nairobi to have their products tested.
To participate in the promotion, customers will be required to dial *444# from their Safaricom line to view daily offers. They can decide which bundle best suits them. Once they purchase their preferred offers, their airtime will be deducted from their airtime.
The report, which focuses on multinationals looking at entering, or already present, in Middle East and Africa, indicates that there was a 17 percent increase in the number of Fortune 500 companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa.
The new online booking tool is a one stop shop for travelers, offering seamless access to services such as flight bookings and information, access to accommodation options and booking, insurance among other services.
“Today’s woman wants a deodorant that will fully protect them while at the same time caring for their underarm skin,'' said Beiersdorf Marketing Director for Central, East and West Africa, Francis Afulani.
The Big Bolero Pick Up is a 9 foot cargo body vehicle retailing at Sh1.95 million per unit is also available on a pay-as-you-use arrangement, which Kotecha described as a flexible leasing solution.
“We need to embrace energy efficiency as a nation in order to save on energy costs and achieve vision 2030. As a ministry, we have invested about Sh360 million in energy management. We are doing almost 50 percent of our energy from geothermal sources and about 40 percent from hydro sources,” said En
The budget also proposed other tax measures aimed at growing local industry and enhancing our competitiveness. To cushion the local manufacturers of pesticides input, the government proposed to exempt these products from VAT, and to include 16 percent tax on all pest control imported products.
The Safaricom Two Rivers Retail Shop will cater for clients of Two Rivers Mall as well as the catchment areas of Ruaka, Redhill, Kabuku, and Limuru reducing the very heavy footfall experienced in Village Market Shop which will remain operational.
In an announcement that came on the same day that CBK extended the appointment of the KDIC as the receiver manager for Chase Bank (IR), the regulator invited interested investors to present an initial Expression of Interest (EOI) to take an equity interest in Chase Bank (IR).
“The improved financial performance has mainly been driven by action plans set by management to grow the business in all segments, effective management of working capital requirements, costs, cash, and investments in safety and profitable business ventures,” said CEO Anne-Solange Renouard.
"KAM has played a key role in steering this course to ensure that industries and domestic users take up energy efficiency measures. That will ensure we achieve our sustainability goals. To this effect, the Government has channeled Sh360m towards energy conservation and efficiency," the PS said.
Equity CEO James Mwangi said, "With this facility we will be in a position to support up to 1000 regional companies with an average loan of nearly Sh10 million each thus assisting develop local entrepreneurs to compete at regional level furthering integration and cross border trade."
Speaking during the release of the group’s full year financial results for 2016, Britam Group Managing Director Dr Benson Wairegi said that the Group had unveiled a new strategy that will help propel the company to the next phase of growth.
This followed agreement between the shareholders, Kenya Deposit Insurance Corporation (KDIC) and Central Bank of Kenya (CBK), that it was necessary for the KDIC to be accorded more time to resolve the receivership.
"We welcome the idea of the government stepping in as a regulator; it will be a win-win situation for all of us. The challenge for suppliers has been in trying to understand why there are cash flow issues, whereas goods in the supermarket are bought in cash", he said.
StartTimes, who have operated in Kenya for five years, said StarTimes Digital TV is also designed to save upto 50 percent power, allowing subscribers to enjoy better viewing experience with less living costs.
"The entry of these banks on the fulfillment of all the pre-licensing conditions will expand the range of banks’ business models and underscore Kenya’s growing stature as a regional financial services hub," CBK said.
The record-breaking mixed use development will include Grade A offices, a 5-star Hilton hotel, plus a luxury retail and entertainment complex. Standing over 300 metres high with 67 storeys, the tallest tower is designed to represent the height of African achievement.
The second phase will involve the development of a log yard, a saw mill, workshops and fuel stations, a timber processing industry and warehouses. This will be geared towards processing timber bought from households engaged in Melia Volkensii plantations.
“The hydro-power plant and its associate external components like the dam, Thika River and the water falls, which will form the basic display areas, will be preserved with minimal changes so as to present them in the most authentic manner,” said Dr. Kibunjia.
The millions of small-scale farmers in Africa who grow potatoes to provide themselves with sustenance buy their seed potatoes on the local market. The average yield per hectare ranges from 5 tonnes of potatoes per hectare in Uganda to 15 tonnes in Kenya.
The project to be funded by the Japanese International Cooperation Agency (JICA) to a tune of Sh40 billion will inject an additional 158MW to the national grid. It involves construction of two geothermal power units of 79MW each.
He was quick to take note of the fact that most Kenyan mango-growing farmers did not have the capacity to grow the fruit in large quantities for export. "We are ready to help the farmers through improving capacity, value addition, transfer of technology and opening up of the Chinese market.
SUNREF East Africa includes a provision for green credit lines provided to local banks in the three countries i.e. Kenya, Uganda and Tanzania of more than Eur 35 million. BOA-T is the first bank to sign for a USD11 million credit line dedicated to energy efficiency and renewable energy sector.
Equity Bank Tanzania currently has 14 branches in operation, spread in Dar es Salam (Quality Center, Kariakoo, Golden Jubilee, Supreme, Mwenge, Temeke and Mbagala), Arusha, Mwanza, Dodoma, Moshi, Mbeya, Diaspora and Zanzibar.
"We have held regular engagements with our industrial customers under KAM in all regions across the country which has resulted into efficient utilization of power by industry thus enhancing energy security in addition to reduced complaints from our industrial customers,” said Kenya Power MD Ken Taru
While there is a big number of using mobile platforms to move money through bank accounts, most users of the services reside in remote villages and have no bank accounts.
CBK Governor Patrick Njoroge said of the award: "In the redesign, CBK took into account the fact that the website is a key channel through which the institution seeks to provide diverse audiences with timely and accurate information on its mandate and policy actions.
In technology, the two countries hope to share innovations, especially around the ease of doing business and money transfer. “Kenya is known for its tea and coffee, but it was fascinating to learn that the transfer of money in Kenya is much easier compared to Europe,” said Mr Kiska.
"Meeting like this ensure that we are aligned as a system, operating in unison to achieve a shared goal, allowing us to build both capacity and capability of the business and of our people," Mr Balogun said.
“It’s absolutely stunning to look at with some striking features that are further enhanced by the awesome LED daytime running lights. Drivers will be hard pressed to get a better deal on a mid-sized SUV," he said.
Longhorn’s digital offering compliments the Sh17bn Government Digital Literacy Programme which aims to deliver 1.2 million tablets and laptops in 23,000 public primary schools.
A 2014 study by salary explorer found that an average salary in Kenya was Sh147,182, making it difficult for such individuals to set aside 30 percent of their earnings to comfortably service an average mortgage of Sh7.5 million.
On elections Ms Mutahi said, “Elections are supposed to be a process and not a deterrent to our current democratic progress. Hence as the business community, we would like to see a show of leadership from both the opposition and current government in guiding a peaceful and transparent transition.”
“The booklet will serve as reference material for those dealing with commercial cases. It includes best practices in handling commercial disputes such illicit trade, customs, standards and intellectual properties,” said the Chief Justice.
CBK says the proposed acquisition will mark the entry of SBM Group into Kenya’s banking sector and enable the established group to bring its experience and expertise from Mauritius and other markets, to enhance competitiveness and the resilience of Kenya’s banking sector.
Autoxloo plans to extend their product promotion to the local markets of Johannesburg, Durban, Capetownand Port Elizabeth. Autoxloo welcomes resellers, agents and partnerships with active entities serving the automotive dealers in South Africa.
In both Kenya and Uganda, about 95 percent of cargo freight is transported by track. But experts say it would be more efficient to transport large amounts of heavy freights, such as coal and construction material over long distance by railway, and oil products by pipeline.
"Safaricom remains focused on offering the best customer experience with products and services that differentiate us from competition. The expansion of our services to the regions is aimed at engaging our customers from grassroots, which then helps us address issues faster," said Mr Collymore.
“The Partnership between Goraceit Technologies Ltd and Autoxloo brings a significant value addition to digital marketing services for Auto dealers in East Africa”, said the Lead Consultant at Goraceit Technologies Ltd., Mr Allan Wafula.
The bank is also organizing five Regional Ministerial Conferences on youth employment and entrepreneurship between now and 2017 and before the year ends three conferences will be held in West Africa, East Africa and North Africa.
Mr Mugo added that the new geothermal capacity of 280MW recently commissioned had improved the national installed capacity and enhanced overall system reliability, besides increasing the company’s revenues by 29% from Sh29.96 billion in 2015 to the current level of Sh38.61 billion.
“It is almost seven years now and we have seen tremendous growth in the market. This has been as a result of us strengthening our activities in Kenya and promoting more market oriented products,” he said at the event.
Speaking at the launch today, Mr Muralidhar said the company has strengthened its relationship with Kenyan dealers and last year signed a service partnership with Sight and Sound Limited, which will provide after-sale services for customers with Pioneer Warranty Cards.
Earnings per share rose to Sh3.20 during the period compared to Sh2.98 in 2015, while the company’s loans and advances to customers increased to Sh53.9 billion up from Sh51.7 billion over the same period last year. Customer deposits grew to Sh41.6 billion compared to Sh37.6 billion in 2015.
This year alone through project financing ICDC has created approximately 2,300 direct and indirect jobs in the manufacturing and agro-processing sectors.
He said, “It is our firm belief that the current focus on environmentally friendly technologies to generate energy for industrial and domestic use will improve its affordability and also increase energy security by reducing reliance on oil-based sources”.
The award was as a result of the Authority’s implementation of the complex Digital Literacy Programme’s nationwide launches that saw all cabinet secretaries and principal secretaries traverse the 47 counties in remote schools to deliver digital learning devices through its PR and marketing agency PM
KAM has positioned itself to play a critical role in engaging government towards the realization of industrialization in Kenya by supporting the growth of SMEs, creating jobs, enhancing competitiveness of the manufacturing sector through promotion of local industries and ensuring a level playing fie
It was alleged that the management had siphoned Sh34 billion in the fraud scheme within a period of 13 years as Janmohamed and associates had manipulated the bank’s software to hide the irregular transactions.
Kabaddi has got very many variations. However, in the international team version, two teams of seven members each occupy opposite halves of a field of 10 by 13 metres (33ft x 43ft) in the case of men and 8 by 12 metres (26ft x 39ft) in the case of women.
The company which serves about 25,000 cane farmers has been experiencing lean times with a section of farmers calling on President Uhuru Kenyatta to disband the current Board of Management.
“I was over joyed and immediately called my wife to share the good news. Although I have always desired to have a newer car, I never imagined that I could be the owner of a brand new car this soon. I intend to keep it as an asset that will not only ease my movement, but also help grow my business”,
Some of the products that National Bank has launched under this unit are the Jenga Chama, Jenga Kilimo and Jenga Biashara plus loan accounts to fast-track its Small Enterprise banking outreach campaign.
Whether listening to music or simply making a phone call, these platforms provide seamless smart phone integration to meet different customer requirements and enhance the driving experience.
Other HFDI projects include Komorock 5A and Komarock 5B (maisonettes), Komarock Heights (apartments), Richland (apartments) along Kamiti Road, Precious Gardens (apartments) in Riruta and K Mall.
The joint venture with Chloride Exide is expected to help Mobisol’s expansion since Mobisol is able to access the already established sales and distribution network of Chloride Exide. The joint strengthen existing supply partnership between Chloride Exide and Mobisol.
As part of this global move the Kantar Public Development Practice will be launched shortly in sub-Saharan Africa headquartered in Nairobi, continuing the company's work to bring about more effective development through locally based high quality and innovative evaluation and research.
The ISO 9001:2015 is the world’s most widely recognized standard for quality management systems whose latest revision was published in September last year.
Dr. Kidero acknowledged the issues presented by the BMOs stating that the issues raised today will make a lot difference in making Nairobi County a better investment destination.
Mr Andersen takes over from Yatich Kangungo who has been serving on an acting capacity as the MD from June 2015. This is after he took over from Lucy Mbugua was shown the door over an 11 million shilling bus leasing scam.
This collaboration is a power move by Simba Corporation that seeks to perch it top among suppliers of vehicle and spare parts.
Alexander Forbes Retirement Fund Board of Trustees chairperson Lucy Kambuni said the fund will continuously invest in projects that benefit members through innovation and real estate sector which has proved to be an asset class that has continuously posted positive returns over the long term.
UBA will provide an array of financial products tailored to KU’s unique needs such as collection accounts, tax payment management, various financing and investment opportunities for the University.
Speaking during the event, Nairobi Securities Exchange CEO Geoffrey Odundo congratulated KenGen for continuously using the capital markets to strengthen its capital base and fund its expansion strategy.
Energy and Petroleum Cabinet Secretary Charles Keter has lauded KenGen for championing employee-led innovations.
Ethiopian Prime Minister Hailemariam Desalegn, who is on a three-day state visit to Kenya, today visited Olkaria, the largest geothermal power plant in Africa.
Heritage Insurance Company Ltd has unveiled a campaign strategy that is geared towards entrenching the company’s brand in Kenyan and East African markets
After intense and ugly wars with American Uber app service provider, traditional taxi operators have now come up with their own app, called Taxify, which they expect to steal Uber’s thunder.
Crown Paints has rolled out a range of Zero VOC paints as its strategy to increase its market share through innovative products that meet the ever increasing demand in the East African region.
The brand is expected to step up competition for German car manufacturer Porsche, which reported strong sales of its sporty models since launching operations last year.
ShowMax, the internet TV service launched in August 2015, has expanded its footprint to 36 additional countries across sub-Saharan Africa.
The online taxi company Uber has partnered with Sidian Bank in a Sh10 billion programme that will give drivers, fleet partners and business investors’ the chance to access high quality vehicles they need to start or grow their Uber-based businesses.
The Co-operative Bank of Kenya plans to enter into Rwanda, Ethiopia and Tanzania through the same model it used to South Sudan.
Greenpark estate comprises of five house types for sale; the Quarter Villas, Semi - detached Maisonettes, Bungalows, Super Bungalows and Villas with prices ranging from Sh9.5m to Sh36.7m.
Mombasa is set to become the 151st destination for the Emirates Airlines after governor Hassan Joho met with the company’s senior officials in Dubai
According to Insurance Regulatory Authority (IRA), medical insurance and workmen’s compensations statistics rose phenomenally from 2014 compared to 2015 in the two areas.