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Wednesday, April 14, 2021
LG

LG is lending a helping hand to innovative social projects

Clara Rono, Lilian Ochieng’ and Ruth Muchiri have one thing in common: foresight, big heart, and an unyielding desire to help the less fortunate. Sample this: In rural Kajiado County, life can be very unforgiving for the girl child. On or around the age of nine years, some parents allow their girls to undergo the female genital mutilation (FGM), Ms Ochieng’, who is the...

Kenyans realize they can save for a rainy day because ‘ItCan Be’

When the first case of the coronavirus pandemic was reported in March, the uncertainties hit homes hardest with ordinary Kenya thrown into turmoil without jobs and incomes and staring at the possibility of contractive the virus. Kenya National Bureau of Statistics shows that in just three months as many as 1.7 million Kenyans found themselves without a job as employment fell to 15.87 million...
Absa

How variety has given new brands a fighting chance

In Nairobi where street block numbers are ignored or unknown and the names of roads get lost under an avalanche of advertisements of photocopy shops, directions across the city are usually given by referencing the sky scrapers near you. A casual stroll down the streets and you’ll likely come across a conversation similar to this: “Where are you?” She turns and looks at the...
Flora Mutahi

Flora Mutahi – The Kenyan tea queen

Flora Mutahi is not your everyday captain of industry. She is the Chief Executive Officer and founder of Melvins Tea, one of the first companies in the region to venture into the flavoured tea industry. The accountant by training says that growing up, everyone thought she should pursue the highly regarded professions such as a doctor or a nurse. In...

Treasury is betting big on agriculture to steer post-pandemic recovery

As many sectors of Kenya’s economy were declining thanks to  Covid-19 pandemic and the ensuing containment measures last year, the agriculture segment defied all odds posting 6.4 per cent growth in the second quarter compared to a 2.9 per cent jump in the same period in 2019.  This growth was attributable to rise in tea production, cane deliveries, milk intake as well as the...
Pooja Bhaat

Pooja Bhaat: The Kenyan woman ‘killing it’ on the global insurance stage

At just 30, Pooja Bhaat was the co-founder and head actuary of the emerging insurance firm, QuantaRisk. The actuarial scientist is one of the successful young women entrepreneurs we celebrate this week for going beyond the norm. She learned from the best, earning valuable entrepreneurship experienced at the Lloyd’s of London insurance market before coming back to Kenya to establish and run QuantaRisk.

INSIGHTS

MARKETS

Sale of Imperial Bank set to rekindle fight between regulator and...

Some insiders are speculating on the sale of Imperial Bank with expectations that fellow Ismailia lender Diamond Trust Bank will acquire it in a...

Loans up five-year high on post Covid-19 recovery hype

Loans to businesses surged by 9.2 per cent in January, the fastest growth of credit to the private sector since June 2016...

BUSINESS AND MONEY

Eat‘N’Go expands into Kenya with Dominos, Cold Stone buyout

Competition in the high-end fast food market is set to hot up in Kenya after the entry of Eat‘N’Go.

Sorry, you cannot appeal a notice of tax investigations

The tax appeals tribunal has upheld the Kenya Revenue Authority’s position in a case filed by three companies challenging a move by...

JOBS

Kenya Covid-19 vaccine rollout gathers pace as 325,000 people get the shot

The pace of administration of the Covid-19 vaccine continues to speed up in Kenya with 325,592 people already receiving the jab as...

Barclays Bank Kenya counter stable amid announcement of new name

Local investors reacted to Barclays change of name to potentially ABSA Kenya limited by moving 4.48 million shares worth 49.8 million inching the lenders...

ARM Shareholders approve sale of its fertilizer business for Sh1.3billion

Shareholders of Athi River Mining (ARM) have approved the transfer of all shares in ARM Energy Limited and in ARM Minerals and Chemicals Limited...

Safaricom is helping NSE boost trading

Safaricom will provide the Nairobi Securities Exchange (NSE) with the technology to securely connect stock brokers at lower costs to boost shares...

OTHER NEWS

Turnover jumps 38 percent on Tuesdays trading at the NSE

The market turnover at the Nairobi Securities Exchange (NSE) surged 38 percent on Tuesdays trading to close the day at Sh286million, up from the...

Debtor wants Tuju jailed for defying court orders

East African Development Bank (EADB) through its lawyer Senior Counsel Fred Ojiambo wants Jubilee Secretary-General Raphel Tuju confined to civil jail for...

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