KCB Group Shareholders Approve Proposed Trust Merchant Bank SA (TMB) Acquisition

KCB Group Plc shareholders have approved the proposed acquisition of the DRC-based lender Trust Merchant Bank SA (TMB) during an Extra Ordinary General Meeting held today in Nairobi.  In August 2022, KCB Group Plc entered into a definitive agreement with shareholders of TMB to acquire the Bank. Under the terms of the transaction, KCB will acquire 85% of the shares in TMB while the existing shareholders will continue to hold the balance for a period of not less than 2 years after which KCB will have the right to acquire…

Nairobi Hosts 2nd ‘Egypt Kenya Business Bridge Forum’

The Ambassador of the Arab Republic of Egypt Mr. Khalid ElAbyad announces the launching of the second business and economic event dubbed ‘Egypt Kenya Business Bridge Forum’ in Nairobi. Those events are in line with Egypt’s policy stated clearly by President Abdel Fattah El Sisito support and join hands with the Republic of Kenya to better engage cooperatively in all areas related to trade liberalization and investment promotion, especially those articulated during Egypt’s Chairmanship of COMESA. The business forum is the output of the Economic strategy for Trade and Investment…

ABC Bank Feted During Sustainable Finance Initiative (SFI) Catalyst Awards

ABC Bank has been awarded for its innovative financing solutions which have created long-term value for clients in the agricultural sector at this year’s Kenya Bankers Association (KBA) Sustainable Finance Initiative (SFI) Catalyst Awards. ABC Bank support for clients in the agriculture space saw the lender take second position (best case study in financing a commercial client category) at the SFI Catalyst Awards which recognise financial sector players for their efforts in creating long-term value for their clients, the economy, and environment. The bank’s products have enabled its clients to…

AfroAtlas Partners With Ethiopian Airlines For NDC Content Distribution

Ethiopian Airlines (ET) and Afro Atlas today announced their partnership to deliver ET’s New Distribution Capability (NDC) content that will offer modern and efficient convenient channels to travel partners in Africa and worldwide. The partnership will enable Ethiopian to expand its global NDC distribution with a particular focus on African markets and beyond. AfroAtlas’s innovative platform will enhance the digital distribution for ET’s NDC content and provide travel agents with more effective merchandising, access to rich content, and product personalisation. “We are very happy, as the leading aviation group in…

Constructions Trucks, Developers Scales up Operations of Parklands Taza Lane Multimillion Building despite Safety Concerns.

Residents of Taza lane city park drive in parklands within Nairobi county have been protesting against the ongoing Multi-million house project on the ground that they were never consulted and there is not a proper sewer line that will help protect the environment. They even went to court and addressed the same but the developer with a truck company have decided that the work must proceed despite health, approval procedures and other serious concerns. A spot check by our team revealed that a truck company is part of the mix…

Using tech to avoid The Great Resignation

By Veerakumar Natarajan—Country Head, Zoho Kenya The Great Resignation is increasingly becoming a major source of concern for businesses. Initially, this global phenomenon was attributed to the COVID-19 pandemic, but other factors, such as burnout and employees’ growing desire to take back their power in the workplace, have also been driving forces. Employees want to use technology to work remotely and compete in the global market, but they also want to feel connected to each other and their customers. People-centric practices must be enhanced, not eclipsed, by platforms for collaboration…