BUSINESS

Last week, as I sat at a restaurant enjoying my meal, I couldn’t help but overhear a conversation at the next table. A middle-aged couple was discussing their Easter holiday plans. The woman enthusiastically suggested a trip to Mt. Kenya or, if their budget allowed, her personal favorite destination, Zanzibar. Her partner chuckled and teased, “You always have a new…

20X Entrepreneur brought its transformative initiative, ‘Chanuka, Jipange na Opportunities’ to Meru County to address the high rate of unemployment in the county, through training and empowering local artisans, SMEs, and entrepreneurs in Kenya’s Jua Kali sector with job opportunities. This is in line with 20X Entrepreneur’s goal to bridge the gap between Kenya’s informal sector and the government’s Affordable…

Equity Bancassurance: In this continuously growing world, financial institutions are evolving to offer more than just traditional banking services. One of these offerings is Bancassurance, which is a collaboration of a bank and insurance companies, where insurance products from different underwriters are made available through a bank’s channels.  It is part of initiatives meant to drive uptake of insurance in…

Kenya Airways (KQ) has expanded its fleet with the addition of a Boeing 737-800 with a capacity of 170 seats, growing its fleet to 35 aircraft.  This addition is part of KQ’s ongoing fleet expansion strategy underscoring the airline’s commitment to increase capacity, enhance operational efficiency, and meet the growing demand for air travel across its network.  The acquisition of…

NBA Africa has teamed up with Kenya’s leading telco Safaricom to launch the M-PESA Jr. NBA program. The program seeks to provide basketball development and financial literacy programming to more than 10,000 boys and girls in Nairobi, Mombasa, Eldoret, and Kisumu, marking the league’s most expansive youth development program in East Africa to date. The first year of the M-PESA…

Kenya is projecting a 20% growth in visitor arrivals from India by the close of the year as it steps up promotional campaigns in the Asian country. Over the weekend, about 15 Kenyan travel agencies that have been pitching camp in the key cities of India to woo travelers into the country, expressed confidence in the expected growth of the…

Life in Kenya presents a unique blend of opportunities and challenges. While the nation thrives with vibrancy, uncertainties like unpredictable weather patterns and rising healthcare costs can impact financial well-being. Recent events, such as devastating floods and droughts, highlight the critical need for a financial safety net. Insurance, and particularly Equity insurance, offers Kenyans a robust solution for these uncertain…

The NCBA Golf Series is set to begin the 2025 edition this Saturday, January 25, at the Vet-Lab Sports Club. This marks the first of 41 qualifier events lined up for the year in what promises to be an exciting and competitive season of golf across East Africa. Vet-Lab Sports Club, renowned for its challenging 18-hole course, will host over…

Hyatt Hotels Corporation has announced the official opening of Hyatt Regency Nairobi Westlands, marking the brand debut in Kenya. The five-star property aims to offer an unmatched hospitality experience, combining elements of Kenya’s local culture with the Hyatt Regency brand’s signature service. Guests can expect contemporary rooms, diverse dining options and an expansive array of amenities and premium services to…

Boostika Na Equity: For business owners and individuals, January can often present financial challenges after the festive season. Restocking your business, paying school fees, or managing daily expenses can strain your budget. But what if you could navigate “Njaanuary” with confidence and seize opportunities without financial worries? Boostika is your financial safety net, designed to help you bridge funding gaps…

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…

We spend a lot of time planning for our vacations, whether domestic or international. We pick the perfect stay, preferred way to get there, the most thrilling activities and who we want to spend time with. One thing that is often overlooked, however, is protecting ourselves through travel insurance against incidents that may occur when we are away. This can…

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,…