The National Oil Corporation of Kenya Ltd (NOC) has entered into a strategic partnership with RUBiS Energy Kenya, marking a significant milestone in the enhancement of Kenya's oil and gas sector. This collaboration follows the successful completion of the Specially Permitted Procurement Procedure (SPPP) for a non-equity strategic partner, in compliance with the Public Procurement and Asset Disposal Act, 2015 (PPADA). During the signing of the agreement, Hon. Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, expressed enthusiasm about the partnership, stating, "This collaboration marks a transformative step in strengthening the National Oil Corporation of Kenya, enhancing its capacity and creating long-term value for the citizens of this great republic. With this renewed profitability, the Corporation will be well-positioned to generate returns and, in the future, begin paying dividends to its shareholder." Leparan Ole Morintat, CEO & Managing Director of NOC, highlighted the industry's challenges, noting, " “This sector is highly complex and capital-intensive, requiring substantial investment and operational flexibility to stay competitive. Given the significant demand for government resources, securing shareholder capital injection was not feasible. As a result, NOC sought a non-equity strategic partner to provide the financial support and technical expertise needed to revitalize the company and restore profitability. This process, initiated in 2019, has now culminated in the selection of RUBiS Energy Kenya as our non-equity strategic partner.” The partnership is a key component of NOC’s broader turnaround strategy, which aims to scale up its downstream operations and strengthen its position in the petroleum products trading and marketing space. NOC’s turnaround plan is designed to ensure security of petroleum supply, stabilize fuel prices, and reduce the cost of living and doing business in Kenya. The partnership will also aid in clearing legacy debts and improving financial sustainability. As a non-equity strategic partner, RUBiS Energy Kenya will provide financial support, working capital financing, market development initiatives, and capital expenditure (CAPEX) financing for rebranding, rehabilitation, and expansion of NOC’s retail network. The partnership also encompasses training, capacity building, skills transfer for NOC staff, the deployment of a new Enterprise Resource Planning (ERP) system to improve business processes and customer experience, and collaboration in the fuel card business to enhance customer engagement and service delivery. Olivier Sabrié, CEO of RUBiS Energie East Africa and Managing Director of RUBiS Energy Kenya, emphasized the importance of strategic partnerships, stating, “In today’s dynamic market environment, collaborations are key to driving growth and success. By leveraging diverse expertise, resources, and networks, we can create a competitive edge and generate value for all stakeholders involved. RUBiS Energy Kenya is committed to supporting the Corporation through working capital financing, management and branding support, and transferring critical capabilities and skills to the National Oil team.”
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NATIONAL OIL CORPORATION ANNOUNCES RUBIS ENERGY KENYA AS THE NON-EQUITY STRATEGIC...

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The National Oil Corporation of Kenya Ltd (NOC) has entered into a strategic partnership with RUBiS Energy Kenya, marking a significant milestone...
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Finsco Africa’s Impact on WRC 2025: Empowering Women and Driving Growth

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The World Rally Championship (WRC) Safari Rally is a prestigious global motorsport event that not only puts Kenya on the international rallying...
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Geopolitical tensions, adverse weather affect Kakuzi trading results

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Adverse weather conditions and foreign currency fluctuations, coupled with Geopolitical tensions in the Middle East, occasioned a difficult trading environment for listed...
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AIG Kenya rebrands to NCBA Insurance after acquisition

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AIG Kenya has rebranded to NCBA Insurance Company after it was acquired by NCBA Group last year. The insurer...
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DFSAK: Kenyans borrow Sh500mn daily from digital lenders

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Kenyans are borrowing Sh500 million daily from digital lenders such as Tala and M-Kopa, among others, a new report shows, highlighting the...
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NCBA mobile loans up 23pc to Kes 1tn in 2024

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NCBA Group mobile loans grew by 23 percent to Kes1 trillion in the 2024 fiscal year compared to a similar period in...
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High interest earning pushes StanChart net profit to Sh20bn

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Standard Chartered Bank profit after tax expanded by Sh6.23 billion to Sh20 billion last year on the back of improved incomes from...
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Safaricom Marks 18 years of M-PESA with money market fund

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Telecommunication service provider Safaricom yesterday launched Ziidi, a wealth management product that is set to disrupt the country’s retail investment sector.
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BuuPass, Team SWAT Partner to enhance bus travel across Western Kenya

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BuuPass, Kenya's leading digital travel platform, has partnered with Team SWAT Logistics and Management Ltd, a key bus operator serving Western Kenya.
AGRA has welcomed its new president, Alice Ruhweza. Ruhweza succeeds Dr Agnes Kalibata, who has successfully led AGRA through two transformative terms. AGRA is a nonprofit organization that aims to transform agriculture in Africa and improve food security and nutrition. In a statement released on Tuesday, AGRA said Ruhweza brings with her a wealth of experience as a global thought leader, systems thinker, and international development expert. “With a distinguished 28-year career at the intersection of economic, social, and environmental policy and practice, Alice has held leadership and board roles in government, the private sector, the United Nations, and major international NGOs,” the organisation said. Ruhweza has joined AGRA from the World Wildlife Fund (WWF), where she has been a passionate advocate for inclusive agri-food systems, climate change mitigation, and sustainable development. AGRA’s Board chair Hailemariam Dessalegn, said Ruhweza’s extensive international experience and profound understanding of the African landscape equip her to navigate diverse cultures and drive collaboration across sectors.
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AGRA welcomes Alice Ruhweza as new president

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AGRA has welcomed its new president, Alice Ruhweza. Ruhweza succeeds Dr Agnes Kalibata, who has successfully led AGRA through...
Executive Corner

Airtel Kenya Introduces Innovative Smarta Bundles for Enhanced Connectivity

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Airtel Kenya has unveiled its new Smarta Bundles, a comprehensive offering designed to simplify the lives of its customers by combining communication and...
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Schneider Electric Kenya Boosts Technical Training With Key TVET Equipment Donation

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Schneider Electric, a global leader in the digital transformation of energy management and automation, has enhanced its pledge to support technical education...
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Kenya Airways Lifts Highly Acclaimed Cargo Airline Award

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Kenya Airways Cargo (KQ Cargo) has been named Highly Acclaimed African Air Cargo Airline of the Year at the Air Cargo Africa...
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Cheap Loans to Start Flowing to Individuals and Small Businesses

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Diamond Trust Bank (DTB) has forecast an increase in lending to individuals and small businesses as Kenya’s economy stabilises and growth picks...
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I&M Bank slashes lending rates by a further 2%

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After reducing lending interest rates by 0.75% in the 4th quarter of 2024, I&M Bank has again reduced its Kenya Shillings lending...
Mount Kenya University (MKU) is the first institution to be accredited to train Health Records professionals in the country after fulfilling all the requirements set by the Ministry of Health. The Director, Health Information Systems at the ministry, Mr. Gilbert Nzomo says the training of Health Records officers has come a long way as, initially, it was even done outside the country. “Many institutions are now training the officers and there is need to ensure quality. It started as a certificate programme and at the moment we have PhD programmes in the country,” he added. Speaking during the official presentation of certificate of accreditation to MKU, the Chairman, Health Records and Information Mangers Board, Mr. Onesmus K. Mwaura said MKU was the first institution to be accredited after fulfilling all the requirements. “As a board, we have embarked on streamlining the training of the health records and information officers in the country. One way of ensuring that all the institutions adhere to the set guidelines is through accreditation,” he said. Mr Mwaura said the Health Records and Information Managers Board (HRIM) is anchored in the HRIM Act No 15 of 2016 which became operational in 2022. “The act empowers the board to exercise regulatory and oversight roles on training institutions offering training in Health Records and Information courses,” he added. MKU vice-chancellor Prof. Deogratius Jaganyi, expressed gratitude to the Health Records and Information Managers Board (HRIMB) for the collaboration with his institution in the training of Health Records and Information Managers. “Universal access to quality health services and, in turn, improved health outcomes require not only more health professionals but also the quality and relevance of education in health professions,” he said. Accordingly, plans are underway to the process of launching a Master of Health Information Management Program. “MKU values the strong collaborative relationship that we share with the HRIM Board and remains committed to upholding the highest standards of training Health Records and Information management managers,” he added. MKU graduated its first Bachelor of Science in Health Records and Information Management graduates in December 2012. To date, the university has graduated 516 Bachelor of Science, 860 Diplomas and 383 certificates in Health Records and Information Management. “Our health records and information technology graduates are making an impact in diverse sectors including the government, Non-governmental Organisations, academia, and international bodies such the World Health Organisation,” noted the VC. Prof Jaganyi noted that the university remains committed to preparing the students to high quality professionals to serve as health care and quality managers at all levels of the healthcare ecosystem both locally and internationally. “Our programmes endeavour to expose our graduates to modern technology in the health records domain which ensures that they are capable of applying technology in the improvement of patient care and outcomes,” he added. Others who attended or were represented at the function were MKU’s Deputy Vice-Chancellor, Academic and Research Affairs, Dr Mercyline Kamande; Registrar, Academic Administration, Dr Ronald Maathai; Principal, College of Health Sciences, Dr. Josphat Njuguna; Dean, School of Clinical Medicine, Mr. Peter Mwaura, faculty members and students. The news of the certification comes a few days after the university was re-accredited by the Nursing Council of Kenya to continue training nursing students. The Institution has been offering a Bachelor of Science in Nursing degree for the last 12 years and has been subject to regular reviews by the nursing council to confirm that the university’s facilities, including laboratories, meet the set requirements. The reviews undertaken every five years are a legal requirement for all institutions of higher learning training nursing students. The Registrar Nursing Council of Kenya Dr. Lister Onsongo presented the re-accreditation certificate to the MKU Vice-Chancellor Prof. Deogratious Jaganyi.
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MKU accredited by Health Records and Information Management Board

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Mount Kenya University (MKU) is the first institution to be accredited to train Health Records professionals in the country after fulfilling all...
Executive Corner

Britam General Insurance Pays KES 71 million Fire Claim to Limuru...

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Britam General Insurance has settled a KES 71,143,016 compensation claim for Limuru Country Club following the fire that razed its clubhouse on...
Feature

XTransfer and Ecobank Group Partner to Empower African Small and Medium-sized...

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XTransfer will leverage Ecobank’s extensive network across Africa, enabling its Chinese clients to collect funds in local African currencies while assisting African...
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Trump’s Aid Review is a Win for Africa – Nations Must...

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By NJ Ayuk, Executive Chairman, African Energy Chamber (wwwEnergyChamber.org). After President Trump announced a 90-day overseas spending freeze, Secretary...
Kakuzi MD Chris Flowers assures international buyers that local stakeholders are working in concert to manage the prevailing logistical disruptions arising from geopolitical tensions 07/02…A Kenyan business leader in the fresh produce sector has assured global buyers that the country is working hard to overcome the unique logistical and shipping challenges brought about by the Middle East Conflict. Speaking at the opening of this year’s Fruit Logistica 2025 trade show in Berlin, Germany, Kakuzi Plc Managing Director Mr Chris Flowers assured global buyers that local producers, exporters, shipping firms and the Government of Kenya agencies are working in concert to manage the prevailing logistical disruptions arising from geopolitical tensions. Mr Flowers acknowledged that the tensions have significantly impacted national competitiveness and threatens the survival of agribusiness players in Kenya due to logistical and supply chain problems caused by the effective closure of the Suez Canal and the Red Sea/Gulf of Aden’s general route to European markets. He expressed regret that from a low of 30 to 35 days, shipments to Europe now take more than 50 days to reach the crucial market. “However, I can assure you that all stakeholders, including Kenya’s Cabinet Secretary for Agriculture, are working together to ensure that our produce reaches the European market on time and in good quality,” Mr Flowers said on the sidelines of Fruit Logistica 2025, the world’s leading trade show for the fresh produce business. At the same time, Mr Flowers assured the key buyers that Kakuzi, among other leading export firms, is working closely with the Kenyan Phytosanitary authorities to curb the export of immature fruit through maturity testing services and enhanced surveillance. To alleviate the plight of Kenyan exporters, Mr Flowers acknowledged that Kakuzi's key shipping partners are working round the clock to develop faster routes to Europe. However, he reemphasized that every day counts, further reducing logistics times is critical. "We all need to put our heads together and rescue any Country bottleneck that exists," he said. Last year, the geopolitical unrest in the Middle East introduced new risks to this critical maritime route through the Suez Canal and the Red Sea/Gulf of Aden. Incidents such as attacks on shipping vessels have raised security concerns and led to significant disruptions in marine traffic flow. In response, shipping companies, wary of potential threats to their assets and crew, have opted for alternative routes despite the longer journey times and higher costs, negatively impacting fresh produce exporters’. To reach Europe, Ships ferrying fresh produce such as Avocados have been travelling from Mombasa to the port of Salala in Oman. In Oman, the containers of avocados are transferred onto another larger ship, which then travels around the Cape of Good Hope and into Europe. In Europe, the containers are trans-shipped at Algeciras Port, southern Spain, moved to Northern Europe via Rotterdam or Felixstowe, and arrive near ripe. Mr Flowers noted that starting in February 2025, one of the major shipping lines will bypass Algeciras Port and head directly to Rotterdam from Salala. This has the potential to save precious days, he noted. This year, Fruit Logistica 2025 is featuring an outstanding programme of events. Over 100 experts, invited exhibitors, including Kenya’s Agriculture and Food Authority - Horticultural Crops Directorate, and trade visitors, are meeting in Berlin to discuss the latest trends and forward-looking concepts. Fruit Logistica 2025 covers the entire value chain of the fresh fruit and vegetable trade, from the point of seed to the point of sale. With over 2,600 exhibitors from more than 90 countries in 26 exhibition halls, the trade fair is an indispensable meeting place for the fresh fruit industry. Fruit Logistica 2025 has welcomed a record-breaking number of Smart Agri exhibitors, showcasing cutting-edge innovations shaping the future of agriculture. The Smart Agri exhibition area features 36 pioneering exhibitors from 18 countries, marking a significant increase over last year. These exhibitors will present Artificial Intelligence (AI) technology for estimating fruit yields, farm management and quality control software, sustainable and precise irrigation solutions, data-driven precision pollination, drones revolutionising agriculture, and much more.
Farming

Kenyan fresh produce exporters assure European buyers as logistical challenges persist

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Kakuzi MD Chris Flowers assures international buyers that local stakeholders are working in concert to manage the prevailing logistical disruptions arising from...
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