CIC Insurance Group Plc is pleased to report a Profit Before Tax of Kshs. 960 Million for the year 2021 compared to a loss before tax of Kshs. 80 Million recorded in 2020. This is a strong performance despite the devastating effects of the Covid- 19 pandemic. The positive results are attributed to the implementation of key transformational initiatives during the year, key among them: performance management, functional structures to support our Corporate Strategic Plan, operational efficiency, cost optimization, digitization, research and innovation among others.
Focus on our...
Kenya Revenue Authority’s (KRA) Alternative Dispute Resolution (ADR) successfully resolved three hundred and nineteen (319) cases during the first half of this financial year, compared to two hundred and forty-three (243) cases resolved during a similar period in the last financial year.
This signifies a 31% growth in the number of cases resolved. KRA received five hundred and fifty-nine (559) ADR applications between July and December 2021 compared...
Standard Chartered Bank Kenya Limited today releases its results for the year ended 31 December 2021.
Kariuki Ngari, Chief Executive Officer, said: “2021 was an exceptional year for the Bank despite the ongoing pandemic driven challenging conditions with profit before tax improving 70 per cent. Income returned to growth after the dip last year occasioned by the impact of the pandemic, increasing...
In a quest to address challenges experienced by physically challenged persons, the Kenya Bureau of Standards (KEBS) has approved new standards addressing accessibility to spaces and provision of requirements for safe practices in industrial work places in order to promote and maintain the highest degree of physical, mental and social wellbeing of workers.
Approval of these new set of standards...
Equity has won the Visa Top Acquiring Award as well as the Visa E-Commerce (Acquiring) Award during the Visa Awards 2021 ceremony. The two awards from Visa were issued to the Bank for leading in Visa acquired volumes, significantly growing its E-Commerce volumes, and leading in E-Commerce payment volumes.
Equity grew its acquiring business by double-digit to 53% YoY, which...
By Michael Wanyeki- CIC Group Ag. Head of Retirement Benefits
In Kenya, the current retirement age stands at 60 years but unfortunately most people in the informal sector get to that age without a retirement package. Kenya’s informal sector represents an important part of the economy while playing a major role in employment creation, production and income generation.
The Kenya National Bureau...
Equity Group Managing Director & CEO, Dr. James Mwangi (centre), Equity Group Director Strategy, Strategic Partnerships and Investor Relations, Brent Malahay (left) and Equity Group Chief Commercial Officer, Polycarp Igathe (right) engage during the launch of the Kshs 678 billion (USD 6 Billion) Africa Recovery and Resilience Plan aimed at accelerating the economic recovery and resilience of the Eastern and Central Africa region.
The Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, has called for the establishment of an African Technology Development and Transfer Network to spur innovation and accelerate development on the continent. She made the call during the opening of the 4th Africa Science, Technology, and Innovation (STI) Forum in Kigali, Rwanda, on 1 March 2022.
An African...
Corteva Agriscience (www.Corteva.com) has officially introduced PowerCore™ technology to South Africa’s maize farmers. The solution is a new high-performing, herbicide-resistant seed trait that effectively helps protect crops from damaging above-ground insects, such as the maize stalk borer and spotted maize stem borer. The company’s leading seed brands, Pannar® and Pioneer® will be offering PowerCore™ technology as part of new, high-yielding genetics...
Africarare (Africarare.io), Africa’s first metaverse is set to unlock African creativity and connect Africa to the global digital economy. At an event in Johannesburg yesterday, plans were announced for commercialisation of the 3D virtual reality experience, that is set in Ubuntuland, a virtual world that marries creativity, cryptocurrency, and commerce.
Firstly, virtual land will soon be available to purchase and develop, with MTN,...
