KAREN AND KASARANI SUBURBS RECORD THE HIGHEST ANNUALIZED CAPITAL APPRECIATION

Cytonn Real Estate, the development affiliate of Cytonn Investments, has released their Nairobi Metropolitan Area Land (NMA) Report 2020. The report highlights the land sector’s performance based on annual capital appreciation, market trends and the investment opportunity. According to the report, the land sector within the NMA recorded an 8-year CAGR of 13.5% and an annual capital appreciation of 1.5% in 2019/20, compared to the (0.3%) recorded in 2018/19, attributed to increased demand for land mainly in the low rise residential areas and satellite towns. During the period under review, transactions in the…

KCB Customers to Access Cash Simba Points

KCB Bank Customers will now be able to redeem cash for their Simba Points after the bank honored customers’ requests to redeem their points for cash. The cash redemption became popular after the spread of the pandemic with redemption of cash increasing exponentially. Over 8.1million Simba Points have been redeemed for cash which was used to purchase food and household items. The redemptions between March and May were seven times those in January and February, reflecting the increased demand as Kenyans sought relief from the effects of the Covid-19 pandemic.…

Isuzu and Family Bank partnership to finance institutions 100%

Dubbed Isuzu Strong, Kenya Strong, the asset finance agreement between Isuzu East Africa and Family Bank, is designed to cushion SMEs from the economic slow-down caused by Covid-19.  The partnership will enable Small and Medium-Sized customers in the agribusiness, trade and logistics businesses to conveniently purchase Isuzu pickups and trucks at competitive interest rates. Schools and churches will be able to access 100 per cent financing while PSV owners can access up to 80 per cent financing. The loan will be payable within 60 months accompanied with a 90-days repayment…

DIB BANK KENYA DONATES FOOD TO VULNERABLE FAMILIES 

Ramadhan is well known all over the world as a season of prayer and fasting for our Muslim brothers and sisters. It is also a time when Muslims reflect on their lives and purposely focus on positivity.  Ramadhan is also a season of cheer. People come together and break the fast as they share meals. Ramadhan was however different this year. The world is facing a pandemic; one that has brought socio-economics challenges to the world and has rendered many jobless. A pandemic that has robbed the Muslim community the cheer in…

KETRACO partners with universities to empower vulnerable girls

The Kenya Electricity Transmission Company Limited, KETRACO has partnered with Kenyatta University to offer scholarships to girls from vulnerable families across the country. The partnership will see KETRACO pump resources into the program dubbed KETRACO Scholarship for Orphans and Vulnerable Students (KSOVS). Over the next five years vulnerable female students in KU’s Electrical or Civil Engineering faculty are set to be beneficiaries of the initiative. Speaking during the Memorandum of Understanding (MoU) signing ceremony, KETRACO’s Managing Director FCPA Fernandes Barasa hailed the initiative as attempting to bridge the engineering skills gap in…

Absa Appoints Charles Njenga Murito as Its Independent Non-Executive Director

ABSA Bank Kenya has appointed Charles Njenga Murito as its independent non-executive director. ABSA board chairperson Charles Munene announced in a statement that Murito will be taking up his new duties immediately. “I am pleased to announce the appointment of Charles Njenga Murito as Independent Non- Executive director in Absa Bank Kenya Plc with effect from 24 June 2020,” said Munene. Murito is currently the government affairs and public policy director for Sub- Sahara Africa at Google, a job that he started in February this year. He holds an MBA…

CBK extends its COVID-19 Emergency Measures on Mobile Money Transactions

Central Bank of Kenya has extended the time frame of the mobile money transactions emergency measures it effected in March this year to December 31, to combat the spread of the coronavirus. In a statement, CBK says the measures, which include the elimination of charges on transactions of up to Sh1, 000, have been effective and will remain in force. CBK said it had noted that the measures were timely and highly effective in facilitating official and personal transfers at a time of great need. At the same time, the…

Dual Punch Hole Camera Phone vivo V19 Launched in Kenya

 vivo has officially launched its cutting-edge selfie citric smartphone V19 in Kenya.  The device features a dual punch-hole camera and Super AMOLED FHD+ Ultra O Screen design. The V19 brings together extraordinary selfie capabilities and advanced technology in an elegant package to deliver an innovative mobile experience for consumers.  “vivo is committed to innovating with the consumer in mind, and the V19 reflects our deep understanding of consumers’ needs. With industry-leading selfie technology, a beautiful design, and strong performance, V19 is perfect for young consumers who care about the camera…

Hon. Salome Awino destiny of blessings

After an operation at the Aga Khan Hospital, Hon. Salome A. Awino, popularly known as Abela Wangchieng’, a member of County Assembly (MCA) of Ruma Kaksingri East Ward, went to UK to visit and attend a graduation ceremony of her cousin at the Brighton University. Though she was still recuperating from the operation, she bravely made the long journey to fulfil her quest and determination. “I have enjoyed every moment of it,” Awino joyfully said. During her stay in UK, after graduation, she went to see the High Commissioner, the…