Qatar Airways Privilege Club has adopted Avios as its reward currency
Qatar Airways has announced that the Privilege Club has officially adopted Avios as its reward currency. This opens up a world of new opportunities
for member...
Samson Nderi
NCBA Group posts Ksh. 10.2 Billion net profit for the year 2021
NCBA Group Plc has reported a KSh 10.2 Billion net profit for the financial year ended 31st December 2021. This is a increase of 121.7% from the Ksh. KSh 4.6 Bi...
Natbank Trustee reports a Ksh. 23 Million net profit for the year 2021
Natbank Trustee and Investment Services Limited (Natbank), a wholly owned subsidiary of the National Bank of Kenya Limited, has announced a profit after tax of...
Microsoft launches offices for for its Africa Development Centre in Nairobi
Microsoft has launched an office for the African Development Centre (ADC) after three years of operation in Kenya. The facility was officially launched by H.E t...
USIU-Africa, KBA & Serianu partner to train 2,000 youth as cybersecurity experts
USIU-Africa, Kenya Bankers Association and Serianu have partnered in a bid to train 2,000 cyber security professionals in a program known as Cyber Shujaa.
The...
Microsoft launches season 3 of the Game of Learners competition for university students
Microsoft has launched the 2022 season of Africa Development Center (ADC)-sponsored Game of Learners (GOL) competition .
The GOL initiative, now in its third...
Equity Group posts Ksh. 39.17 Billion net profit for the year 2021
Equity Group recorded net profit growth of 98 percent to Ksh39.17 billion from Ksh19.78 billion the previous year.
This rise in profitability was on the bac...
Uber has appointed Imran Manji as their new Head of East Africa
Uber has announced the appointment of Imran Manji as their new Head of East Africa. He will be responsible for Uber’s business strategy and growth across the re...
Absa Life Assurance Kenya signs a product distribution agreement with Hisa Africa Insurance Agency
Absa Life Assurance Kenya (ALAK), an Absa Group subsidiary, has signed a product distribution agreement with Hisa Africa Insurance Agency.
Hisa Africa is a rep...
KCB has turned Ksh. 3 Billion loan to National Bank into Equity
The KCB Group has converted a Sh3.45 billion long-term loan it had given to National Bank of Kenya (NBK) last year into equity. This is meant to enable NBK to m...
Mobile lenders to reapply for licenses as CBK regulations become become operational
The Central Bank of Kenya has announced the operationalization of regulations that govern mobile money lenders. This was via Legal Notice No. 46 of March 18, 20...
Samsung hosts inaugural device experience partner summit
Samsung Electronics East Africa hosted its inaugural strategic partner summit at Villa Rosa Kempinski Hotel. The event was attended by key Samsung distributors...
Co-op Bank reports a 53% rise in net profit to Ksh. 16.5 Billion for the year 2021
Co-operative bank has posted a 53% rise in their net profit to stand as Ksh. 16.5 Billion as compared to Ksh. 10.8 Billion for a similar period last year.
Th...
Sokowatch to rebrand to Wasoko as it raises Ksh. 14.3 Billion in a series B funding round
Sokowatch has raised Ksh. 14.3 Billion million in Series B funding which was led by Tiger Global and Avenir Growth Capital. VNV Global, Binny Bansal (Co-Founde...
Safaricom Foundation impacts 5,000 children with its diabetes programme
Safaricom Foundation’s Children with Diabetes Programme has impacted about 5,000 children and youth under 21 years old . The program entails early detection an...
CIC Insurance Group reports a Ksh. 668.4 net profit for the year 2021
CIC Insurance Group has reported a net profit of Ksh. 668.4 Million for the year ended 31st December 2021 as compared to a net loss of Ksh. 296.8 Million for th...
KRA and Keroche Breweries have reached an agreement on a payment plan following a tax dispute
The Kenya Revenue Authority has announced that they have come to an agreement on a payment plan with Keroche Breweries in a tax dispute.
According to the tax...
KCB Group reports a 74% rise in net profit to Ksh. 34.2 Billion for the year 2021
KCB Group Plc has reported a Ksh. 34.2 Billion net profit for the year ended 31st December 2021. This was a 74% rise in profitability as compared Ksh. 19.6 Bill...
Equity Bank wins two awards at the Visa Awards 2021
Equity Bank has won two awards at the Visa Awards 2021, that is the Visa Top Acquiring Award and the Visa E-Commerce (Acquiring) Award.
The two awards from Vis...
Safaricom appoints Juliana Rotich as the Head of Fintech Integration
Safaricom has appointed Juliana Rotich as the head of its fintech integration solutions. She will be tasked with guiding the company’s financial integrated solu...
Absa Bank Kenya resumes dividend payment as net profit for 2021 hits Ksh. 10.9 Billion
Absa Bank Kenya PLC has reported a net profit of Ksh. 10.9 billion for the year ended 31st December 2021. This marks a 161% rise in profitability as compared t...
A chat with Paul Muchangi on his golf journey and the impact of Safaricom Golf Tour
When one thinks of golf, most often than not, what comes to mind is that it is an expensive sport that is only open to the well to do. However, that is not alwa...
Joe Ageyo joins Nation Media Group as Editorial Director- Broadcasting
Joe Ageyo a veteran journalist has been appointed the editorial director- Broadcasting at Nation Media Group.
Joe holds an MSC in Environmental Governance fr...
Blueband’s value chain has benefitted over 7,000 canola oil farmers in the Kenyan market
Blue Band has been in East Africa since the 1950s and is even older than
countries like Kenya. Trusted by generations of families, many grew up with Blue Band ...
Moove, a mobility fintech, has raised $105m in a Series A2 funding round
Moove has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt. The round was led by existing investors, Speedinvest, Left Lan...
Stanchart reports Ksh. 9 Billion net profit for the year ended 31 December 2021
Standard Chartered Bank Kenya has reported a Ksh. 9 Billion net profit for the year ended 31st December 2021 which is a 66.2% rise from a similar period last ye...
Fleetsimplify, HydroIQ and Sukhiba among startups selected for Google for Startups Accelerator Africa Class 7
Three Kenyan startups, that is Fleetsimplify, HydroIQ and Sukhiba been selected as participants in the Google for Startups Accelerator Africa Class 7. The se...
Safaricom to utilize Ethiopian Electric Power Enterprise fibre cable as it rolls out services
Safaricom Ethiopia has signed a five-year lease agreement with state-owned power utility Ethiopian Electric Power enterprise (EEP) for fibre cable utilization....
Shashwart Harish and Audrey Gachora emerge as winners at the Safaricom Golf Tour held at Muthaiga
Twelve year old Shashwart Harish and Audrey Gachora emerged as the overall winners of the third leg of the Safaricom Golf Tour junior tournament held at the Mut...
Zoho launches a new low code creator platform
Zoho Corporation has launched its latest version of its low-code offering, Zoho Creator. The new version addresses the need for an easy-to-use platform that ena...
Antler East Africa, a venture capital fund secures Ksh. 228 Million from IFC & We-Fi
In a bid to support the growth of East Africa’s technology startups, the International Finance Corporation (IFC) has announced an investment in the Antler East ...
AfricaGoGreen Fund receives over $30 million investments from the African Development Bank & Nordic Development Fund
The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoG...
Stand a chance to win a tractor in the John Deere business plan competition for the youth
John Deere Africa Middle East, has partnered with Alliance for a Green Revolution in Africa (AGRA) and Mascor to launch a business plan writing competition for...
Boomplay hosts dinner for female artists as part of International Women’s Day celebrations
Boomplay played host to an exclusive dinner for women in the music and entertainment industry as part of the company’s International Women’s Day celebration, ...
High Court set to give ruling in case against the leasing of Mumias Sugar to Sarrai Group
The High Court is set to give a ruling in a case where five farmers, West Kenya Sugar Company and Mumias Outgrowers (1998) Limited are challenging the leasing o...
Stanchart is calling out for applications to the 5th cohort of the Women in Tech program
Standard Chartered Bank has partnered with @iBizAfrica Strathmore University to launch the 5th cohort of the Women in Tech incubator program. The program aims ...
Jubilee Holding raises stake in Seacom fibre cable to 18.8%
Jubilee Holdings has purchased an additional 10 percent stake in submarine fibre optic cable project Seacom for an undisclosed sum. This raises its ownership ...
Moderna to set up a Ksh. 56.5 Billion vaccine plant in Kenya
It is a big win for the country as American biotechnology firm Moderna announces that, with the help of the United States government, it will invest $500 milli...
IDN-Kenya holds concert to drive peace & cohesion ahead of August polls
The Integrated Development Network (IDN-Kenya) recently held a peace and cohesion campaign in light of the forthcoming general elections in August 2022. This is...
Safaricom to reward loyal M-Pesa customers as part of 15th anniversary celebrations
M-PESA is celebrating 15 years since Safaricom and Vodafone launched the service in March 2007.
From its beginning in Kenya, M-PESA has grown to more than 5...
Roto Tanks partners with Ogilvy Africa to combat malnutrition among children under two
Roto Tanks has partnered with Ogilvy Africa (as part of the Ogilvy Give Program) in a project aimed at educating young mothers in rural parts of East Africa on...
LG partners with Habitat for Humanity to launch Ksh. 10.3 Million initiative in Laikipia County
LG East Africa has partnered with Habitat for Humanity (HFH) to unveil social impact initiatives valued at KES 10.3 million to benefit 3,683 primary and seconda...
Samson Nderi
Nderi is a digital marketer and he sometimes writes. Follow him on Twitter @SamNderi254.