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...
Samson Nderi
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...
There is a need for Kenyan banks to design concessional loans for business with favorable terms
The COVID-19 pandemic has largely been framed as a public health crisis, over one and a half years since it hit Kenya. However, its economic impact has been sev...
Microsoft launches initiative to support 10,000 African startups over the next 5 years
Microsoft has announced new initiatives intended to accelerate the growth of 10,000 African start-ups and fast-track investment in Africa’s start-up ecosystem o...
Safaricom recognized at the Zero Project Awards due to to its diversity & inclusion
Safaricom has been recognized as one of the recipients of the 2022 Zero Project Award. The award recognizes innovative practices and policies aimed at driving ...
Safaricom Foundation partners with Baringo County to revamp maternity wing at Mugurin Dispensary
More than 1,200 women will now be able to benefit from easy access to maternal health services after the County Government of Baringo and Safaricom Foundation p...
Zuri Health a Kenyan startup has emerged as the winner at the Sankalp Africa Awards 2022
Zuri Health a Kenyan healthcare startup has emerged as the winner at the Sankalp Africa Awards 2022. This award ceremony took place at the Sankalp Forum.
Sa...
KCB recognized as the Best Sustainable Bank in Kenya by the International Business Magazine
KCB Bank has been named the Best Sustainable Bank in Kenya by the International Business Magazine for its efforts in driving and ensuring the adoption of sustai...
MKOPA secures $75 Million in its Growth Equity funding round
M-KOPA Solar has raised $75 million in its Growth Equity round. Investors who took part in the funding round include Generation Investment Management, Broadscal...
Branch acquires Century Microfinance Bank in an expansion drive
Branch International, a digital lender has acquired Century Microfinance Bank in its latest expansion drive. With this move, it becomes first digital lender to ...
M-PESA Foundation partners with Gertrude’s Hospital to launch telemedicine initiative in Samburu County
M-PESA Foundation and Gertrude’s Hospital Foundation have launched their telemedicine initiative, Daktari Smart, in Samburu County.
The programme targets ove...
Kenya selected to host one of Africa’s two ICANN managed data hubs
Kenya has been selected to host one of the two The Internet Corporation for Assigned Names and Numbers (ICANN) Managed Root Server (IMRS) clusters in Africa. Th...
Leo Gitonga a 15 year old golfer has emerged as the winner of the second leg of Safaricom Golf Tour
Limuru based junior golfer Leo Gitonga has emerged as the overall winner of the second leg of the Safaricom Golf Tour which was held at the Limuru Country Club ...
How the mango and potato value chains can help alleviate youth unemployment
Kenya and Africa in general has been blessed with a huge youth dividend. Whereas in other parts of the world, this is seen as a blessing, here it comes across a...
Jakoni Prestige & Frangos Bar emerge as winners at the inaugural Bolt Food Restaurants Award ceremony
Bolt Food held its inaugural Restaurants Award ceremony yesterday to recognize and award top restaurants on its platform for their exclusive approach to custome...
Kenya Airways signs MOU with Boeing on service deal
National carrier Kenya Airways has signed a memorandum of understanding with US plane maker Boeing for landing gear exchange. This is in a bid to lower KQ’s inv...
Usiku Games partners with other game development studios to form Pan Africa Gaming Group
Usiku Games has joined hands with other game development studios across Africa to form Pan Africa Gaming Group (PAGG). This is in an effort to unify the contine...
Samson Nderi
Nderi is a digital marketer and he sometimes writes. Follow him on Twitter @SamNderi254.