BUSINESS

Equity Group has signed a memorandum of understanding with ODDO BHF of Germany for collaboration that will serve as a bridge for European and Africa businesses to establish across the continental divide. The agreement was signed by Equity Group Managing Director and CEO Dr James Mwangi and ODDO BHF Head of Corporate Banking Florian Witt during the German-Africa Business Summit…

Eazzy Loan: The holiday season is finally here! After a year of full-speed living, it’s time to hit pause, recharge, and focus on loved ones while making memories that last a lifetime. It’s the perfect moment to treat yourself, family and friends, and start planning for the year to come, even as you reflect on the year gone. But as…

Standard Chartered Bank Kenya reported a remarkable 64% increase in net profit, reaching Ksh. 15.6 billion for the first nine months of 2024. This surge, the bank said is attributed to strong strong topline growth and well-managed costs. Operating income has also risen 33%, whilst liquidity remains at a robust level of 65%, significantly higher than the regulatory minimum of…

Standard Chartered handed over a cheque of KES 7,000,000 to Catholic Relief Services (CRS) on Friday 15 November 2024 at Mathare Vocational Training Center, Juja Road, Nairobi. The funds will support cash transfers for communities in Mathare and Embakasi, with a special focus on youth. Standard Chartered and CRS also handed over donations of food and non-food items to more…

Equity Group’s 9-month Profit after Tax grew 13.1% to KSh 40.9 billion with regional subsidiaries accounting for 51% of the profit for the period. This is according to the group’s Q3 results released on Tuesday. The Group has seen its deposit franchise grow 9% year-on-year to Kshs.1.3 trillion with its customer base now at 21.3 million. This growth in deposits…

Qatar Airways has introduced the world’s first Boeing 777 aircraft equipped with Starlink, providing high-speed satellite internet connectivity for passengers. The inaugural flight operated from Doha to London, marks a significant advancement in in-flight connectivity. The airline is the largest and first carrier in the MENA region to offer passengers Starlink ultra-high-speed, low-latency internet. Starlink is free to all passengers…

The Kenya Association of Manufacturers (KAM), in partnership with the Ministry of Investments, Trade, and Industry has officially announced the 7th edition of the Changamka Kenya Shopping Festival under the theme “Celebrating the Ingenuity of Kenya’s Manufacturing Sector.” The festival, scheduled to take place from November 5th to 9th, 2024, will be hosted at the Kenyatta International Convention Centre (KICC) concurrently…

Madison Life Assurance and HF Group have announced the availability of affordable financing options for individuals planning to buy and build homes at VillaKazi Homes, Athi River. VillaKazi Homes is a master-planned, fully-serviced, mixed-use real estate development in Athi River. Madison Life is providing the 100 acres at Kshs. 3 billion and will realize more than 700 residential housing units…

Public-Private Partnerships (PPPs) have emerged as an important tool in accelerating Kenya’s economic development. These partnerships have allowed the government to work with different private entities to deliver infrastructure and services providing the necessary momentum for the country to achieve its economic goals.   Over the years, PPPs in Kenya have played an important role in sectors such as energy,…

Adani Group has refuted claims that it will bring employees from India to manage the Jomo Kenyatta International Airport (JKIA), should its proposal be approved. The company says all Kenya Airports Authority (KAA) employees will be retained. ‘’Preference shall be given to locals in relation to employment for junior, middle level and senior executives positions where available. ‘’ the company…

As part of its 25th anniversary celebrations, Java House has launched the “Kuza Mentorship Programme,” an initiative aimed at empowering children and equipping them with soft skills for success. This programme aims to improve chances of future success, foster academic and career goals, and provide a platform for career, leadership, and talent development.  Speaking at the launch, Java House CEO,…

Faulu Microfinance Bank has been named the Best Microfinance Bank in East Africa at the 14th African Bank 4.0 Summit, which gathered key stakeholders in the banking and financial sector across Africa to define solutions for transforming the continent’s digital financial services. The prestigious award recognized Faulu for its exceptional dedication to serving underserved communities and empowering individuals through innovative digital financial…

Insurance brokerage firm Zamara Risk and Insurance Brokers Limited has been voted the Best Insurance Brokerage firm in Kenya at the 14th Think Business Insurance Awards, 2024, held on 15th July 2024. The firm was also recognized as the best General Broker of the year, best Medical Broker of the year and best Life broker of the year as well as…

Stanbic Bank Kenya has affirmed its commitment to SMEs growth and capacity building through innovative, customized and relevant solutions. The Bank made this announcement during the Kenya Annual Manufacturing Summit & Expo, popularly known as the Changamka Shopping Festival, organized in partnership with the Ministry of Investments, Trade, and Industry. Speaking to the theme of the festival, “Celebrating Kenya’s Manufacturing…

Kenya Airways (KQ) has been awarded the “Best Airline Staff Service in Africa” at the 2024 World Airline Awards held on June 24th, 2024, at the Fairmont Windsor Park in London. Hosted by Skytrax, the international air transport rating organization, the World Airline Awards are renowned as the “Oscars of the aviation industry.”  This recognition signifies the exceptional dedication and…

Sanlam and Santam, the joint sponsors of the Sanlam Group Awards for Excellence in Financial Journalism, has announced the shortlisted entries for the 2023 awards. A total of 170 entries from 13 countries on the African continent were received for the 2023 competition, the highest number yet in the competition’s 49-year history. Nixon Kariithi, chair of the independent judging panel,…

KLM has announced a significant evolution in its brand strategy with the introduction of ‘Travel Well’, its new platform that is designed to enrich the travel experience for every passenger. Underpinned by a dedication to enhance the meaningfulness of travel journeys, Travel Well embodies KLM’s commitment to foster genuine connections with travellers. This initiative integrates thoughtfulness and care into every aspect…

One of Kenya’s leading strategic communications firms Engage BCW has announced that it changing its name and will now just be known as ENGAGE. The rebrand comes after the recent global merger of WPP-owned BCW and Hill & Knowlton, to create Burson, which marked the end of ENGAGE’s formal affiliation with BCW.  ‘’It presents an exciting opportunity for Engage Communications…

Kenya Airways (KQ) has resumed direct flights between Nairobi and Maputo today, with three flights weekly, on Wednesdays, Fridays, and Sundays. The relaunch of direct flights to Maputo from Nairobi will cater to travellers originating from Kenya and serves as a convenient connection point for passengers from other African cities via Nairobi.  The expansion will enable Kenya Airways to enhance…

Visa is giving 3 NCBA Visa cardholders an exclusive experience to be part of this year’s Olympic Games. The spend and win campaign will send the lucky winners and their plus ones to Paris for The Olympic Games, courtesy of Visa.  Through the campaign, current and potential customers stand a chance to win the grand prize of a fully paid…