UK launches programme of up to £35m to support negotiations and implementation of the African Continental Free Trade Area (AfCFTA). The AfCTFA is expected to lift 30 million people out of extreme poverty, create jobs, and provide new commercial opportunities for businesses across Africa and the UK. It comes as Wamkele Mene, Secretary General of the AfCFTA Secretariat, visits...
East and Central Africa biggest homes show, Kenya Homes Expo will unveil progress made in the real estate sector in a four-day event to be held at the KICC from April 21st-24th at the KICC. The event brings together key stakeholders in the industry to mark developments made since the Covid Pandemic in 2020. The global pandemic has shifted...
Kenya has the opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing ecosystem, according to a new research from TheCityUK and the Nairobi International Financial Centre (NIFC) developed by PwC. Doing so will take a renewed focus by the public and private sector to addressing barriers to entry and growth for...
The drive to grow the base of Kenya’s cyber security expertise received a major boost today when, for the first time, an industry-led training program to add 2,000 professionals was unveiled by USIU-Africa, Kenya Bankers Association and Serianu.
Known as Cyber Shujaa, the training program’s novelty is illustrated in the development and implementation of a harmonized cybersecurity employment framework linking...
Natbank Trustee and Investment Services Limited (Natbank), a wholly owned subsidiary of the National Bank of Kenya Limited, has announced a profit after tax of KShs 23.47 million during the 12 months ended 31 December 2021 up 34% compared to a similar period in 2020. The performance was underpinned by rising management fees in line with the 30% growth...
National Bank of Kenya (NBK) has posted KShs 1.1 billion in profit after tax for full year 2021.
This represents a 431% increase from 2020, driven by increased income from loan interest and foreign exchange trading, coupled with lower loan loss provisions.
NBK Managing Director, Paul Russo attributed the strong financial results to the Bank’s deliberate focus on its strategic initiatives...
Acronis, the global leader in cyber protection, has announced the appointment of Ziad Nasr as the General Manager for the Middle East.
Ziad brings 22 years of extensive experience in sales and operations management in the information technology industry.
As a Master’s degree graduate in computer engineering, he started his career in 2001 and has risen through the ranks serving several...
Kenyan integrated agro-business firm Kakuzi PLC has become one of the first local entities to secure approval from the Kenya Plant Health Inspectorate Service (KEPHIS), to process and prepare export-grade fresh avocados for the Chinese market.
The firm has secured its KEPHIS approval following a stringent phytosanitary audit for its extensive Kakuzi farms and packhouse.
The approval comes hot on the...
2,000 academically promising scholars from needy backgrounds will benefit from comprehensive secondary school scholarships in the 2022/2023 Form One selection cycles fully funded by Equity Bank. The Bank has contributed KShs 2 billion to Equity Group Foundation (EGF), the social impact arm of the Group in support of the Wings to Fly program that has successfully facilitated over 37,000 beneficiaries to access...
The Kenya Revenue Authority (KRA) and Keroche Breweries Limited (Keroche) have reached an agreement on a payment plan on taxes owing, and not in dispute from Keroche. The payment plan which is contained in an addendum agreement to the two (2) Alternative Dispute Resolution Agreements signed between the two (2) parties in 2021 was arrived at and signed on...
