The Women’s Empowerment Principles charter is a joint initiative of UN Women and the UN Global Compact (UNGC), providing guidance for promoting gender equality in the workplace and the community through a set of seven Principles. WEP is a seven-step blue print for the global and national business community to empower women in the workplace, […]
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
KCB CEO Joshua Oigara during an interview at his office. The first time KCB Group Chief Executive Joshua Oigara met former Safaricom boss Bob Collymore , a mobile lending and saving platform was born. And KCB, one of the oldest local banks, was reborn. So by the time Oigara was reading Collymore’s eulogy at All […]
Packaging and selling air has turned out to be one of the most lucrative ventures this year. And if everything goes according to plan billionaire Baloobhai Patel is set to breathe a profitable air for years to come. Carbacid Investments in a joint partnership with Aksaya Investments has placed a Sh1.2 billion takeover bid for […]
KCB boss Joshua Oigara during an interview at his office. The first time KCB Group Chief Executive Joshua Oigara met former Safaricom boss Bob Collymore , a mobile lending and saving platform was born. And KCB, one of the oldest local banks, was reborn. So by the time Oigara was reading Collymore’s eulogy at All […]
From left: BOC Kenya managing director Marion Mwangi and Ruaraka Neema Uhai Hospital administrator Gabriele Beacco after the company installed a bulk medical oxygen tank at the hospital. Packaging and selling air has turned out to be one of the most lucrative ventures this year. And if everything goes according to plan billionaire Baloobhai Patel […]
The board of the East African Portland Cement Company (EAPCC) has approved a Ksh25 billion ($250 million) recovery plan for the cash strapped cement maker, and are hoping to revive the company’s operations in three years. The funds will be raised from the sale of non-core assets (land), the only revenue source, with financiers put […]
Reports from Neighbouring Tanzania indicate that Cement manufacturers are currently involved in maintenance activities, meaning there is zero production going on. Rwanda cement importers have been cited swammed at various depots trying to secure deals for the remaining cement stocks as they last. Trade and Industry Ministry in Tanzania also is concerned about the high […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) on Wednesday was Olympia Capital with a gain of 6.95 percent at the price of 2.00 shillings per share. British American Tobacco was the second top gainer of the day with 3.31 percent at the price of 7.50 shillings per share followed by […]
Kenya Commercial Bank Group CEO Joshua Oigara. PHOTO | FILE | NMG From a business growth and revenue growth perspective, the pandemic has affected major macroeconomic drivers, reducing all economic activities. This made credit quality deteriorate significantly across all segments and banks, which have traditionally been the providers of credit have been badly affected. Kenya […]
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