Safaricom CEO Michael Joseph speaks at Railways Club, Nairobi on March 12, 2020 Former Safaricom CEO Michael Joseph was on Thursday, July 30, appointed the chairperson of the Safaricom PLC Board. He will take over after the retirement of Nicholas Ng’ang’a who has held the position for 16 years. Announcing the appointment, Safaricom Chief Executive […]
• The Nairobi County Revenue System will be rolled out in phases to replace the Local Authority Integrated Financial Management System that has been in existence since 2014. • KRA was appointed City Hall’s principal revenue collector on March 16 as part of the agreement in the Deed of Transfer of functions to the National […]
Michael Joseph (left) will take over as board chairman following the retirement of Nicholas Nga’ng’a (right). PHOTO | FILE | NATION MEDIA GROUP Announcing the appointment, Safaricom CEO Peter Ndegwa said Mr Joseph takes over from August 1, 2020. There is probably no one who understands Safaricom better than Mr Joseph, who has served the […]
Michael Joseph has been appointed as the new Safaricom board chairman, ending the 13-year reign of Nicholas Ng’ang’a, who has served as the telco’s chairman and non-executive director since 2007. Cumulatively, Mr Ng’ang’a has sat on the board of East Africa’s most profitable company for 16 years after first joining the firm’s directorship in 2004. […]
Safaricom outgoing chairman Nicholas Ng’ang’a. PHOTO | JEFF ANGOTE | NMG Whenever up and about in public places, Nicholas Ng’ang’a on many occasions goes unnoticed. And he loves it that way; a quiet and simplistic lifestyle. As such his face may not be the most easily recognisable to many despite his rich legacy both in […]
The Nairobi Securities Exchange ( NSE ) Limited revenue from annual listing fees has dipped to a six-year low, highlighting the impact of delistings and suspensions at the bourse. NSE’s latest report shows the annual listing fee in the year ended December dropped by 6.82 per cent to Sh76.06 million compared to Sh81.62 million earned […]
Kenyan lender I&M Holdings has struck a deal to buy 90 per cent of the shares in Orient Bank Uganda, it said in a filing released by the Nairobi bourse on Monday. I&M is the ninth largest of Kenya’s 40 banks by assets while Orient is one of the small lenders in neighbouring Uganda. The […]
Access Bank’s Zambian subsidiary announced plans for the acquisition of a 100% stake of domestic lender Cavmont Capital Holdings Zambia in mid July. Following the collapse of Equity Bank’s plans to acquire Atlas Mara’s subsidiaries in Rwanda, Zambia, Mozambique and Tanzania in June, the deal is a sign that an anticipated Covid-19-driven spate of bank […]
A Jamii Bora Bank branch. FILE PHOTO | NMG Co-op Bank intends to make additional capital investment in Jamii Bora Bank once it completes purchasing a controlling 90 percent stake in the small lender at a cost of Sh1 billion. Jamii Bora’s chief executive Timothy Kabiru disclosed the plans in response to queries raised by […]
Covid-19 pandemic has disrupted the traditional business models and the banking industry plans to use the lessons learnt in a new digital strategy going forward. PHOTO | SHUTTERSTOCK Financial institutions are striving to adopt omnichannel capabilities post-pandemic as part of their digital strategy plans, a new report has stated. Omnichannel banking entails making the same […]
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