National Bank of Kenya (NBK) has posted Sh87million in profit after tax for the nine months ending September 2020. This represents a 77 percent decline over a similar period last year due to effects of the COVID-19 pandemic.
The bank recorded a profit before tax of Sh535million representing a 7 percent increase over a similar period in 2019.
The corporate and...
Stabex International ,one of largest oil marketers in Uganda and a fast growing petroleum company in Kenya is rolling out its Liquefied Petroleum Gas (LPG) brand in the two markets, leveraging a distribution network of more than 70 retail petrol stations.
It is further deploying a distribution network worth millions of shillings across the two countries to enhance LPG...
The Samsung Galaxy S20 Fe is running for the best value phone of 2020 on the Android Police site. The highly anticipated Galaxy S20 Fan Edition (FE), the newest member of the Galaxy S20 series was released in September, with its features developed directly from consumer feedback. It features a pro-grade triple camera, first-in-category innovations such as a 120Hz...
Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets
Prime Bank (www.Primebank.co.ke), a leading private bank in Kenya, has partnered with London-based FinTech SimbaPay(www.SimbaPay.com), to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
Through SimbaPay, Prime Bank customers will now be able to instantly and...
Infotrak’s CountyTrakTM Performance Index, developed in 2014, is a syndicated study which seeks to provide periodic and objective citizens’ scorecards on the performance of their respective County governments against set Key Performance Indicators (KPI’s) on the one hand, and the performance rating of elected leaders in each county on the other.
The Index is the first of its kind and...
By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org)
Despite the COVID-19 pandemic, not all of the economic news in Africa has been negative. We continue to see promising developments.
Look at Uganda’s oil and gas industry. Following multiple petroleum discoveries in Uganda’s Albertine Graben, foreign investments there have reached nearly $20 billion. The resulting projects include a refinery being built...
Continuing its commitment to providing mirrorless solutions for all photographers, Canon Europe (www.Canon-Europe.com) today announces two of its most-loved EF lenses will now be available in RF form – the RF 50mm F1.8 STM and RF 70-200mm F4L IS USM. The new RF version of Canon’s EF 50mm f/1.8 STM – nicknamed the ‘nifty fifty’ lens for its versatility...
Facebook (www.Facebook.com) and Creatives Garage(https://bit.ly/3mMNjHJ) launched #RealpeopleRealstories - a campaign that showcases the stories of ordinary people using creativity and innovation to inspire their communities. Through its partnership with Creatives Garage, a social enterprise that works with creatives, Facebook aims to support the creative industry in Kenya by providing a platform where they can amplify their work and inspire others.
Featuring short documentaries...
Safaricom (NSE: SCOM) and e-commerce leader Jumia have partnered to reward customers shopping on Jumia with a 5% discount through the month of November. The discount will be available to all Jumia shoppers for transactions of KES 1,000 and above on M-PESA with the discount redeemable for the first such three transactions starting 1stNovember 2020 to a maximum of KES...
Sanlam Life and Minet Kenya have launched an innovative post-retirement insurance product dubbed RetireMed, which is designed to assist Kenyans to save for their medical expenses in retirement.
The product will provide medical insurance coverage for insurance consumers aged 55 years and above, allowing them to maximize their pension benefits.
RetireMed is set up within the Minet Umbrella Pension Scheme and...
