LATEST ARTICLES

Network International Launches In-Person Payment Solutions in Kenya

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Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has launched innovative in-person payment...
The LAPTRUST Defined Benefit (DB) Scheme saw net assets rise to Sh28.1 billion, up from Sh26.99 billion in 2023, reflecting the scheme’s consistent investment strategy. The County Pension Fund (CPF) posted the most significant growth, with net assets surging to Sh51.67 billion from Sh36.97 billion. CPF Group Group MD and CEO Hosea Kili credited the performance to prudent fund management, a deep understanding of member needs, and a focus on financial literacy through innovation and partnerships. The Group declared an 8.8 percent interest rate despite macroeconomic volatility. Active membership rose to 94,116 following the enrolment of over 17,500 new members, while the sponsor base expanded to 194 institutions. Other schemes under the Group also recorded positive growth, with the Salih Fund attracting 9,895 members, the Post-Retirement Medical Fund increasing its assets from Sh32.8 million to Sh55.2 million, and the Individual Pension Scheme posting a 42.4 percent rise in assets to Sh4.11 billion.

CPF Group membership, assets up

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 The CPF Group has posted strong financial results for the year ended 2024, driven by robust asset growth and rising membership across...

Jambojet adds JXA aircraft to expand capacity on busy routes

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Jambojet has reintroduced one of its earlier leased aircraft, a Dash 8-400 previously registered as JXA, into its fleet as part of...

Hydrogen Growth, Water Risk – Can Africa Balance Both?

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Hydrogen Growth, Water Risk – Can Africa Balance Both?Join ESI Africa for a live webinar unpacking the complex connection between hydrogen development...

Powering Women’s Economic Transformation

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In Kigoma, Tanzania, where over 80 per cent of livelihoods rely on small-scale farming, fishing, and informal trade, women constitute the majority...

Small Businesses Embrace Social— But Could be Missing a Trick in the Age of...

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Small Businesses Embrace Social— But Could be Missing a Trick in the Age of Artificial Intelligence (AI) According to...

CityBlue Hotels Announces Le Mirage Residences by CityBlue, The Tallest Branded Residences in Kenya

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CityBlue Hotels, Africa’s fastest-growing local hotel chain, and SMB Properties, a leading property developer in Kenya, today announced a strategic partnership to...

Hilton to Triple its Presence in Africa to More Than 160 Hotels

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Coinciding with Future Hospitality Summit Africa 2025, Hilton (NYSE: HLT) today announced plans to almost triple its presence in Africa to more...

Kenya’s women entrepreneurs set bold agenda for growth

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Driven by the need for inclusive economic transformation, Women Choice, an international organization championing sustainable initiatives for women, hosted a high-impact forum...

Carbon Markets Africa Summit: Unlocking Africa’s Carbon Wealth Through Integrity, Action and Investment —...

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The award-winning VUKA Group (www.WeareVuka.com) has officially launched the Carbon Markets Africa Summit (CMAS), a purpose-driven, high-level continental gathering that will take place from 21...

How Africa is building a better ecosystem for entrepreneurs

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How Africa is building a better ecosystem for entrepreneursThe ITC project brought together major players from Benin, Niger and Mali to share...
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