Maudhui House

Equity bank - Kenya’s largest bank by customer base has posted a 14% jump in net profit; from Ksh 19.8 Billion in 2018 to Ksh 22.6 billion for the year ended 31st December 2019. The growth was underpinned by a 23% growth in its loan book to Ksh 366.4 billion up from Ksh 297.2 billion during a similar period in 2018. Customer...

COVID-19 is not an unsound government policy that companies can simply unite to lobby against. But that hasn’t stopped them from doing everything in their power to halt the spread of a raging Coronavirus.  It is not yet sunset, but the spread of COVID-19 has so far presented a terrible dilemma for many organizations. Some will take huge financial...

Tullow Oil PLC has posted a net loss of USD 1.69 Billion for the full year ended 31 December 2019. For such a promising corporation, it posted revenues of just USD 1.68 Billion during the same period. The company has now moved to suspend dividends payments, at the same time lowering its capital expenditure to USD 350 million. Tullow Oil...

Economists will tell you that a large youthful population is essentially aneconomic blessing. But official figures assembled by the World Bank paint a grim picture of desperation. Africa is home to at least 200 million youths. In Kenya alone, the youth make up 75 percent of the county’s total population. But despite these lovelynumbers, it is hard to be optimistic about Africa’s future.

An army of over one hundred thousand Chinese Ducks is waiting to be deployed to Pakistan to deal with desert locusts that have been plaguing the country. According to Bloomberg News, each duck is expected to devour at least 200 locusts. Experts say the use of ducks as a biological weapon is a more viable option that will produce remarkable results compared to...

Telco giant Safaricom is partnering with Amazon’s cloud computing arm AWS (Amazon Web Services) in a bid to foster digital transformation in the country. Cloud computing is essentially networks of data centers that use the internet to supply all kinds of services, from e-mail and social networks to data storage and analysis. ...