FAMILY BANK RECORDS KES 3.5 BILLION PROFIT BEFORE TAX FOR THE THIRD QUARTER OF 2022.

Family Bank Group has recorded a KES 3.5 billion Profit Before Tax for the first nine months of 2022 up from KES. 2.6 billion recorded in a similar period in 2021, marking a 33.2% growth in earnings. The growth was primarily driven by strong partnerships and an increase in non-interest income. The Group’s loan book expanded by 22.7% to KES 79.8 billion while customer deposits increased by 13.8% to KES 92.7 billion in the period under review. Total non-interest income increased by 22.4 per cent to close at KES 2.7 billion…

M-TIBA PARTNERS WITH BYON8 TO PROVIDE ACCESS TO TELEHEALTH SERVICES

M-TIBA  has announced its partnership with BYON8 to provide access to telehealth services by offering medical packages to members through the M-TIBA platform. M-TIBA provides a platform where members can access patient care digitally from specialists on the BYON8 platform. The deal was inked by the Managing director of M-TIBA, Mr. Moses G Kuria, and the CEO and CO-founder of BYON8 Mr. Josef Murad at the M-TIBA offices.   The BYON8 app has many different medical packages which offer its members an unlimited monthly fee that also allows no more annual…

NBK Launches Ksh. 2B Education Programme; Announces Financing Partnership With Private Schools Associations.

National Bank of Kenya (NBK) has launched its flagship education enablement program Elimu Konnect committing KShs. 2B towards the support of the education ecosystems within both Primary and Secondary schools.   In a ceremony held at the Hilton Hotel, the bank also announced financing partnership with Kenya Private Schools Association (KPSA) and UNIFIED Alternative Providers for Basic Education and Training (APBET) Schools Association-Kenya. The collaboration entails financing to support key components of quality education including quality and sufficient infrastructure development, sustainability in energy & water, ICT infrastructure & learning programs,…

Health Care Practitioners Warn Against Increased Incidences of Drug Resistance in Kenya

As the world marks antimicrobial awareness week, leading global biopharmaceutical company, Pfizer hosted a media roundtable where Health Care Practitioners warned that drug resistance also known as Anti-microbial resistance (AMR) is fast becoming a threat to global health. Drug resistance occurs when a bacteria, fungi, viruses, and parasites change over time and become less susceptible to antimicrobial treatments. This makes infectious diseases more difficult to treat leading to an increased likelihood of the disease spreading, prolonged illness, disability and even death. Speaking during the media roundtable, Aga Khan University Hospital’s…

Liquid launches Cyber Security Fusion Centre for Kenyan businesses

Liquid C2, a business of Cassava Technologies, a pan-African technology group, opened the doors of its first Cyber Security Fusion Centre (CSFC) in Nairobi, Kenya, making this the second centre of its kind in Africa. “Kenyan businesses have seen increased digital adoption, and the country’s connected population in early 2021 was nearly 22 million. The increased number of digitally transformed businesses and individuals means that the target pool for malicious entities is also becoming wider. As a result, we have witnessed immense interest from customers wanting to partner with us…

Optiven’s growth giving hope to SMES in Kenya amid economic turbulence

Kenya’s general elections are one of the critical events that impact businesses and the economy of the nation. All stakeholders, pivotal to the industry, in one way or another are affected by the activity. In this case, 2022 was expected to be the first time that the Kenyan economy overcame historical election anxiety to expand more than 5.0 per cent since the reintroduction of multi-party democracy in 1991.  The GDP has had a trend of declining during the election periods when firms put investment decisions on hold pending a return…

NBK Launches Kshs.2B Education Programme And Announces Finance Partnership With Private Schools Association

Elimu Konnect – NBK’s KShs.2B education financing and empowerment proposition – targets to upskill Infrastructure development, leadership capacity building, innovation in learning, Energy and Water provision, Digitization & ICT Infrastructure as well as Asset Financing for schools. National Bank of Kenya (NBK) has launched its flagship education enablement program Elimu Konnect committing KShs. 2B towards the support of the education ecosystems within both Primary and Secondary schools. In a ceremony held at the Hilton Hotel, the bank also announced financing partnership with Kenya Private Schools Association (KPSA) and UNIFIED Alternative…

M-TIBA Partners With BYON8 To Provide Access To Telehealth Services

M-TIBA  has announced its partnership with BYON8 to provide access to telehealth services by offering medical packages to members through the M-TIBA platform. M-TIBA provides a platform where members can access patient care digitally from specialists on the BYON8 platform. The deal was inked by the Managing director of M-TIBA, Mr. Moses G Kuria, and the CEO and CO-founder of BYON8 Mr. Josef Murad at the M-TIBA offices. The BYON8 app has many different medical packages which offer its members an unlimited monthly fee that also allows no more annual fees…

Kenyan startup tops regional tech competition

Kenya’s financial product Spark Money has beaten a field of 130 competitors to walk away with the first prize at the 2022 edition of the annual Huawei Developers Competition (HDC). Built by wealth management startup Dvara, the digital savings and investment solution is designed to improve financial wellness for both individuals and organizations. They were followed closely by Team NAC from Tanzania in second place while South African teams Astel Systems, Innovo Networks and Malcam Solutions collectively placed third. All six finalists received cash prizes and Huawei devices. Kenyan winners…