HomeAfrika settles for Peter Mungai as chairperson

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HomeAfrika settles for Peter Mungai as chairperson

Staff Writer - November 16, 2020

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Ruaka is Nairobi’s costliest satellite real estate

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Winner announced for AfDB “African Utility of the Future” Competition

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Meet Teresia, a resilient woman from Kiamuringa village in Gachoka location, Embu County who has defied adversity to secure a brighter future for her family. With five children to care for, Teresia took on the role of the family's sole provider, juggling various income streams from poultry and miraa farming to brick manufacturing. Her determination knew no bounds as she aspired to become a landlady in her community. In Kiamuringa, a semi-arid region, clean water was once a distant dream. Villagers had to trek two kilometers in search of boreholes, which often ran dry. To ensure her children's access to water, Teresia's young ones would wake up at 4 am daily to avoid the long queues, forcing Teresia's children to rise before dawn, braving long queues, their education hanging by a thread. Moreover, the exposed boreholes posed health risks due to waterborne diseases. Frustrated by this situation, Teresia turned to BIMAS microfinance. She had been a loyal member for years, securing loans to nurture her miraa, poultry, and brick businesses. She recognized that hens, miraa, and brickmaking all demanded copious amounts of water for success. In January 2021, a ray of hope emerged as Teresia learnt that BIMAS was offering financing for water tanks to its customers. She seized this opportunity and secured a Ksh 27,000 loan to purchase and install a 4,000-liter water tank in her home. Additionally, BIMAS assisted her in acquiring a water pump worth Ksh 50,000. These investments proved to be game-changers, allowing her to operate her businesses seamlessly even during dry seasons. Today, Teresia's life has undergone an admirable transformation. She is not only a content mother but also a generous neighbor who shares her reservoir's abundance with the community. Her children's education has significantly improved as they can now focus on their studies without the burden of water-fetching. Furthermore, access to clean water has enhanced their health and overall well-being. Teresia's entrepreneurial spirit has thrived with BIMAS's support, leading to the establishment of a rental business on her property. Her success story is a proof to how access to clean water can unlock opportunities and improve lives. With a radiant smile, she expresses her gratitude, saying, "BIMAS has brought joy into my life, and I am delighted to see my neighbors benefit as well. I eagerly look forward to securing financing for another 6,000-liter water tank for my rental premises." Teresia's journey to water prosperity is an inspiration to us all.

Bimas Microfinance Impact Stories: GIVING BRIGHT FUTURES TODAY

August 26, 2025

The increase in the operating income was more than the rise in operating expenses to Sh1.07 billion from Sh905. 2 million, helping HF to more than double its profit in the period where the sector’s earnings slowed. The performance defied an environment of falling interest rates on loans in line with sustained decline in Central Bank Rate. Returns on government paper have also been falling even as foreign exchange income also softened on the back of reduced volatility on the shillings’ exchange rate. HF booked an 87.6 percent rise in income from securities to Sh595.97 million from Sh317.9 million while income from loans and advances grew to Sh1.18 billion from Sh1.16 billion. Operating expenses were driven by a rise in staff costs to Sh511.22 million from Sh437.21 million, even as the provisioning for loan losses eased to Sh110.43 million from Sh109.1 million. HF’s total deposits rose by 16 percent to Sh50.11 billion from Sh43.75 billion, which the lender attributed to increased market confidence after the recent rights issue. The balance sheet grew by 18 percent to Sh73.4 billion.

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Coca-Cola Beverages Africa (CCBA) (www.CCBAGroup.com) has welcomed more than 60 emerging leaders from across its African markets into the Ascend Leaders in Training Programme, an 18‑month accelerated leadership journey designed to unleash talent and develop the continent’s next generation of business leaders. Running from March 2026 to August 2027, the programme offers young talent from Botswana, Ethiopia, Kenya, Malawi, Mozambique, South Africa, Tanzania, Uganda and Zambia a structured pathway into leadership roles within one of Africa’s most admired consumer goods companies. The initiative reflects CCBA’s commitment to unparalleled professional growth, providing an exciting journey of learning and development within a passionate, caring team. Drawn from diverse academic backgrounds - including business, engineering, supply chain, marketing and finance - participants will gain on‑the‑ground experience across key business functions such as Supply Chain, Commercial, Finance, Public Affairs, Communications and Sustainability (PACS), and People and Culture. While working in their home markets, they will also be part of a broader pan‑African learning community. “Whenever I enjoyed a Coke, I often wondered ‘Where does this come from? How is it made?’. Now I have the incredible opportunity to learn everything that goes into that small bottle of Coke,” said Lathitha Madyibi, a member of the Ascend cohort in South Africa. “My first week of the programme has been both exciting and eye-opening. Experiencing the environment firsthand has made me appreciate the scale and coordination behind CCBA’s operations. Seeing how different teams and functions work together to keep everything running smoothly has been particularly insightful.” added Dawit Yared, from the Ethiopia cohort. The Ascend programme provides rotational assignments, mentorship from experienced leaders, and exposure to real business challenges. Leaders in training will work on projects that drive business growth, build professional credibility, and strengthen their readiness for leadership roles. Those who successfully complete the programme may be considered for permanent positions with greater responsibility and long‑term career prospects within the CCBA group. “CCBA’s Ascend programme is designed to give emerging leaders the opportunity to learn fast, lead early, and make a meaningful impact,” said Natasa Prodanovic, CCBA Chief People and Culture Officer. She added, “At CCBA, we don’t simply offer them a job - we offer them a platform to grow, take ownership, and shape the future of the largest bottler of Coca-Cola products in Africa. This cohort reflects the talent, diversity and ambition that will define the next chapter of our organisation.”

Future business leaders kickstart their careers at Coca-Cola Beverages Africa

April 21, 2026

Long range, premium comfort, and five-star safety—the CHANGAN DEEPAL S05 delivers a high-tech electric driving experience. Cutting-edge EV technology that brings together global design, engineering, and manufacturing. Changan UK (www.GlobalChangan.com) has launched the all-electric CHANGAN DEEPAL S05, a compact C-SUV blending premium design, intelligent technology, and everyday practicality. “The CHANGAN DEEPAL S05 is designed for people who want an electric SUV that fits effortlessly into everyday life,” Nic Thomas, Managing Director of Changan UK, said, “It delivers reassuring performance, thoughtful comfort, and technology that simply works—all without the premium price tag. “ The CHANGAN DEEPAL S05: Range, Comfort, Safety Powered by a 68.8kWh LFP battery, the CHANGAN DEEPAL S05 delivers WLTP ranges of up to 303 miles (RWD) and 278 miles (AWD). Inside, the aircraft-inspired cockpit features vegan leather heated and ventilated front seats, including a full-recline zero gravity passenger seat. A 15.4-inch rotating touchscreen, AR-HUD, 14-speaker audio system, and wireless smartphone connectivity complete the high-tech cabin. Safety is central to the CHANGAN DEEPAL S05, earning it a five-star Euro NCAP rating. It comes standard with 17 intelligent driver assistance systems, enabling L2 autonomous driving through a network of cameras, radars, and ultrasonic sensors—including a 540-degree surround-view camera system. More Than a Model: How the CHANGAN DEEPAL S05 Embodies a Global Vision Changan is now present in 16 European markets, with launches in Italy, Spain, and Poland coming soon. The UK anchors this footprint as a strategic hub for local development. Leading this momentum is the CHANGAN DEEPAL S05, a model built on a truly global foundation. Designed at Changan Design Center Europe in Turin and calibrated at the Changan UK R&D Centre in Birmingham, it has been meticulously tuned for local roads. For the UK market, the CHANGAN DEEPAL S05 is produced at Changan Rayong Factory in Thailand—established in 2023 as a dedicated hub for global right-hand drive markets. With approximately 60% local sourcing, the facility ensures consistent quality, testing, and supply, while its strategic location enables worldwide logistics. More than a new model, the S05 stands as a testament to Changan's global ambitions—integrating design, engineering, and production across continents to deliver a truly international electric vehicle.

The CHANGAN DEEPAL S05 Arrives in the United Kingdom—Engineered Globally, Tuned...

April 20, 2026

Smartphone For All (www.SmartphoneForAll.ai), a business committed to digital inclusion, has won the 2025 Pinnacle Awards (Telecoms and Wireless Category) Digital Inclusion & Accessibility Champion and the 2026 Merit Award (Telecoms and Wireless) Digital Divide. The Pinnacle Awards is a reputable global program honoring innovation and excellence across industries. According to Katie Lang, Executive Director of the Pinnacle Awards, “The Telecom and Wireless Sector continue to set the pace for innovation, connecting people and businesses worldwide. We are proud to recognize the organizations that exemplify ingenuity, reliability and impact in one of the most dynamic industries on the planet”. In the same vein, Marie Zander, Executive Director of Merit Awards states that “this year’s winners reflect excellence across the ecosystem—demonstrating the technologies and strategies that are shaping the future of communications”. Smartphone For All had earlier in the year 2025 unveiled an ambitious campaign to bridge Africa’s digital divide by providing affordable, high-quality smartphones and connectivity and AI at the edge to consumers who are excluded from the digital world across the continent. Established on the belief that exclusion from the digital ecosystem locks people out of opportunities and lifestyle enhancements. Smartphone For All aims that every individual—regardless of income, geography, or background- can fully participate in the digital economy and the evolving AI transformation. According to Mr. Babatunde Osho, Founder/CEO of Smartphone For All, “The digital divide is not just a technology gap—it’s an opportunity gap. When someone does not have access to a smartphone, they are cut off from education, jobs, healthcare, financial services, and even their own voice. Our mission is to close that gap, one device at a time and build Africa’s largest digital inclusion platform. We are glad that the Pinnacle and Telecom & Wireless Awards have recognized what we are doing to improve digital inclusion and accessibility in Africa” Smartphone For All partners with MNOs to provide smartphones to 2G/3G subscribers who cannot afford 4G smartphone across Africa. The initiative was launched with MTN in South Africa in May 2025 for an initial period of one year with a smartphone device at ZAR 99 or $5. The plan is targeting about 1.2m devices. The vision of Smartphone for All is to take the offering to other African countries like Cote D’Ivoire, Nigeria, Ghana, Kenya, Tanzania and other markets. Apart from the benefits for the subscribers, there are obvious MNO benefits of better spectrum utilization with 4G+ networks over legacy 2G/3G networks. For regulators and government, the benefits include productivity enhancements and digital inclusion among citizens. According to a report from the Economist Intelligence Unit, 10% growth in broadband connectivity results in 1.4% growth in GDP in low- and middle-income countries and 1.2% growth in high income countries. African countries like South Africa are actively incentivizing this growth through policies like a ban on new 2G/3G device activations starting from December 31, 2024, and a complete shutdown by December 31, 2027. The government has also reduced taxes on certain classes of smartphones to drive adoption. According to Jeff Miller, Director at Smartphone for all, ‘Smartphone For All is not just a business, it is a movement powering Africa into the next phase of development. Digital access is the foundation of inclusion in commerce, wellbeing and civic engagement. The pathway to growth for Africa is to bring more Africans into the digital ecosystem spanning financial, educational, public health, trade and other streams of innovation.’

Smartphone For All wins the Pinnacle Awards (Platinum) and Merit Awards...

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Staff Writer

HomeAfrika settles for Peter Mungai as chairperson

Ruaka is Nairobi’s costliest satellite real estate

Majid Al Futtaim Launches Initiative to Support Seven Care Homes in...

Winner announced for AfDB “African Utility of the Future” Competition

KICC is Kenya’s top business travel destination

National Bank posts Sh87Mn Q32020 profits

Stabex International enters LPG market in Kenya, Uganda

Samsung Galaxy S20 FE Receives Nomination For Best Phone Of...

Prime Bank launches SimbaPay – International Money Transfer Service

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Bimas Microfinance Impact Stories: GIVING BRIGHT FUTURES TODAY

HF Q1 profits rise to Kes 327 Mn

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Future business leaders kickstart their careers at Coca-Cola Beverages Africa

The CHANGAN DEEPAL S05 Arrives in the United Kingdom—Engineered Globally, Tuned...

Smartphone For All wins the Pinnacle Awards (Platinum) and Merit Awards...

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