Four lenders selected by the Central Bank of Kenya to give low-cost mobile loans to small businesses under a programme dubbed ‘Stawi’ have abandoned the deal. The Business Daily can reveal the platform has not issued a single loan for over a year after KCB Bank #ticker:KCB , Co-operative Bank #ticker:COOP , Diamond Trust Bank […]
Category: Nairobi Stock Exchange
Centum taps insider as new head of Real Estate arm as ex-boss quits
Centum Real Estate Limited’s new managing director Kenneth Mbae. FILE PHOTO | NMG Centum Real Estate Limited has appointed Kenneth Mbae as its new managing director effective 17 March 2022. Mr Mbae, an insider at the investment company Centum, takes over the role from Samuel Kariuki, who "has resigned to pursue other interests" the firm […]
Kenya: Kakuzi Receives Nod to Prepare Export-Grade Avocados for Chinese Market
Nairobi — Kakuzi Public Limited Company (PLC) has become the first local entity to secure approval from the Kenya Plant Health Inspectorate Service (KEPHIS) to process and prepare export-grade fresh avocados for the Chinese market. The approval comes after the recent signing of bilateral trade protocols to facilitate the export of fresh avocado and aquatic […]
Stanchart gifts investors Sh7.2b in dividends as profit hits Sh9b
StanChart Kenya Chief Executive Mr Kariuki Ngari . [Wilberforce Okwiri, Standard] Standard Chartered Bank of Kenya (StanChart) investors will get Sh7.18 billion dividends after the lender raised the payout on the back of five-year high profits. The lender said yesterday the board had proposed a final dividend payout of Sh14 per share to add to […]
Grace Nshemeire Appointed PSFU Chief Operating Officer
The Private Sector Foundation-Uganda (PSFU) has Saturday announced the appointment of Grace Nshemeire-Gwaku, as the new Chief Operating Officer. According to a statement issued by PSFU, Nshemeire’s appointment took effect on March 1, 2022. Grace joins the Foundation with over 18 years of experience in the private sector arena, leading projects across various countries; Uganda, […]
Women in finance lobby NFNV picks new leaders for Kenya
NFNV Kenya Board of Trustees chairperson Caroline Armstrong-Ogwapit. FILE PHOTO | NMG Women in finance network organisation New Faces New Voices Trust in Kenya (NFNV) has appointed Caroline Armstrong-Ogwapit as the new chairperson of its Board of Trustees as it seeks to strengthen it banking and public sector ties. Ms Armstrong-Ogwapit boasts 25-year banking with […]
Safaricom ‘Please Call Me’ Inventor Set To Get Huge Payday
It’s not every day a masterpiece is created but when it does happen, the creator needs to be recognized. In this case, it’s Nkosana Makate, the inventor of the popular ‘Please Call Me Feature’ by Vodacom, used by telcos like Safaricom . Safaricom Please Call Me Inventor Gets Recognition Nkosana Makate, the developer of Vodacom’s […]
Safaricom’s M-PESA App & Blaze DigiTruck win at the Global Mobile Awards
Kenyan telecommunication company, Safaricom, has won 2 Global Mobile Awards at the Mobile World Congress 2022 (MWC 2022). Safaricom won a Global Mobile Award (GLOMO) for the M-PESA Super App at the ongoing Mobile World Congress in Barcelona. The Super App won under the category for “Best Mobile Innovation for Connected Living”. The M-PESA Super […]
Safaricom gears up for Ethiopia launch with fibre deal
Safaricom Telecommunications Ethiopia (STE) signed a dark fibre lease agreement with Ethiopian Electric Power (EEP) as it continues to build up its network for an expected launch of services in the first half of the year. The new entrant to the market in the Horn of Africa stated the five-year agreement, its first infrastructure deal […]
Huawei’s Tech4All project in Africa wins GSMA award
At MWC 2022 Barcelona, Safaricom, Close the Gap and Huawei received the Global Mobile GLOMO Award in recognition of the Tech4All DigiTruck project’s outstanding contribution to the UN’s sustainable development goals. The DigiTruck project was launched in Kenya for the first time in 2019. It was launched by Huawei in collaboration with international NGO Close […]