BluePeak’s inaugural fund announces an investment in Africure, A manufacturer, distributor of pharmaceuticals

BluePeak Private Capital’s $200 million targeted impact-linked fund today announced its investment in Africure, a pioneering pan-African manufacturer and distributor of quality pharmaceutical goods with manufacturing hubs across the continent serving patients across East and West Africa. The up to $15 million investment provides a vital capital boost to Africure and supports the company’s plan to strengthen its working capital to support the increased demand for pharmaceutical goods across its more than 10 African markets. The funding further enables Africure to realise its growth ambitions to develop a range of…

Pwani Oil Embarks on Anti-Malaria Campaign with Innovative Soap That Keeps Mosquitoes Away

The campaign is in line with World Malaria Day 2022 theme that calls for harnessing innovation to reduce the malaria disease burden and save lives. ·         It seeks to sensitize communities on Malaria prevention and the role of Detrex Citronella Soap in preventing its further spread. Pwani Oil has embarked on a countrywide campaign to educate and sensitize communities in malaria-endemic regions on malaria prevention and control with an aim to achieve zero Malaria cases. In partnership with the Kenya Progressive Nursing Association (KPNA), the manufacturer kicked off its second campaign…

How mTek is Betting on Technology to drive Kenya’s Insurance Uptake

The local insurance landscape has continued to evolve over the years shifting the balance from a rich mans’ venture to the low and medium income segments. This has been as a result of the improvement in technology and customization of the policy offerings to suit the middle and low income earners. With the adoption of technology and smart solutions insurers have managed to turn the tide against con artists in the sector. For decades, insurance companies have agonised over fraudulent claims from policyholders. Fraud is now at an all-time high…

Pwani Oil Embarks on Anti-Malaria Campaign with Innovative Soap That Keeps Mosquitoes Away

By Michelle Anzaya Pwani Oil has embarked on a countrywide campaign to educate and sensitize communities in malaria-endemic regions on malaria prevention and control with an aim to achieve zero Malaria cases. The campaign is in line with World Malaria Day 2022 theme that calls for harnessing innovation to reduce the malaria disease burden and save lives. It seeks to sensitize communities on Malaria prevention and the role of Detrex Citronella Soap in preventing its further spread. In partnership with the Kenya Progressive Nursing Association (KPNA), the manufacturer kicked off…

FAMILY BANK AGM APPROVES KES.1.1 BILLION DIVIDEND FOLLOWING IMPRESSIVE RESULTS IN 2021

By Michelle Anzaya Family Bank shareholders have approved a KES 1.1 billion, KES 0.83 per Share, dividend pay-out at the 15th Annual General Meeting. This follows an impressive 2021 full year results that saw the bank book a Ksh3.3 billion Profit Before Tax. It was a 132 per cent increase in earning compared to the full year results of 2020. “It is on back of our strong 2021 full year performance and improved liquidity that as a Board we approved this dividend pay-out. I would like to thank our shareholders for their patience, understanding and continued trust in our decisions over the years as we strike…

Exclusive Interview: How Technology is Making Work Manageable But Risking Employees Health

 In the wake of the COVID-19 pandemic, people across the country are working from home at unprecedented levels. Although remote work has been on the rise for some time now, up until the pandemic, the trend was relatively low. COVID-19 changed all of that as states enacted stay-at-home orders, and companies moved to telework to help slow the spread of the virus. We held an interview with Mark Muoki, The Talent hunter and Hiring manager in East Africa for Lapaire Group, who says that the majority of hiring managers plan…