MPost Wins African Startup Competition

MPost to represent Africa in the Startup World Cup in San Francisco, USA. MPost is this year’s winner of the ‘South Africa Innovation Summit, an African startup competition that was held in Cape Town, South Africa, yesterday. The innovation summit featured 25 finalists from across Africa that participated in a pitching den. As a result of this win, MPost will represent Africa at the Startup World Cup that will be held in San Francisco, USA, in May 2019. https://www.ceoafrica.co.ke/surge-of-the-digital-travel-consumer/ Mpost is a solution that converts your phone to a mobile…

Kenya’s ICT Ecosystem gets a new transformation  

Huawei Ramps up Support for ICT Ecosystem in Kenya in Partnership with Redington Gulf to support Kenya’s digital transformation. Huawei Technologies has signed a framework distribution agreement in Kenya with Redington Gulf to enhance ICT ecosystem structure. Under this partnership, Huawei will work with Redington; a distributor of IT Telecom and Lifestyle products in this market to provide cutting-edge equipment such as data centre facilities,IT and communications hardware as well as software for the Kenyan market. The products are backed by an experienced technical team to provide training and support…

Five banks penalized by CBK for misconduct

The Central Bank of Kenya has penalized five banks a total of Sh392 million for violating financial transaction rules in respect to the handling of the National Youth Service scandal that was exposed this year. The Banks include Standard Chartered Bank (StanChart), Equity Group, KCB Group, Co-operative Bank of Kenya Ltd, and Diamond Trust Bank (DTB). The five banks handled a total of Sh3.5 billion from NYS with StanChart handling the largest transaction worth Sh1.6 billion followed by Equity Bank at Sh886 million, while KCB processes Sh639 million. The regulator…

DTB bank reassures its stakeholders all is well

Nasim Devji Group Chief Executive Officer and Managing Director DTB Group has emphasized in a statement that at the moment, no penalty has been imposed by the Central Bank of Kenya. The bank is currently reviewing the report with a view to providing a detailed response to the issues raised by the Central Bank of Kenya within the stipulated period. We wish to reassure our stakeholders as a responsible corporate citizen and a regulated entity, DTB respects and complies with all laws and applicable regulatory guidelines. We also wish to…

Counties to benefit from free fistula Safari’s medical camps

Amref Health Africa in Kenya has signed a memorandum of understanding (MoU) with the First Lady’s Beyond Zero Secretariat to manage the fistula component of the First Lady’s medical safari camps. Under the agreement, Amref Health Africa’s role during the medical safaris will be to create awareness and mobilization for uptake of free services, conduct free fistula repair, provide post-care for patients, and provide one to one counseling. The first safari will be held this week at the Narok County National Stadium. Other Counties pre-selected for the first phase of…

KAM and partners Signs an MoU to Enhance Waste Management

Waste management is a collective role in which the private sector should complement the government’s efforts to ensuring a cleaner environment. As part of its efforts to promote effective management of PET plastic bottles, manufacturers through KAM and partners have committed to undertake measures to encourage recycling and re-use of plastic bottles across the country. According to Dr. Ayub Macharia, Chairman of the National PET Management Committee; recycling represents a systemic shift that builds long-term resilience, generates business and economic opportunities, provides environmental and societal benefits. In other words, plastics…

Kshs 30 million Tuskys in The Community project unveiled

Regional retailer, Tusker Mattresses, has kicked off a long term social and economic impact initiative, geared at improving the plight of disadvantaged communities. The project, which was launched in Nakuru County, dubbed: ‘Tuskys in The Community’ is designed to celebrate the legacy of the Late Tusker Mattresses Founder, Mzee Joram Kamau.   All the classrooms at the Lengenet Primary School- where Mzee Kamau’s children first attended school- have been rehabilitated and equipped with new desks and related educational materials in a detailed makeover. Tusker Mattresses leadership presided over a colourful function organized…

Interest cap law calls for innovation from housing developers

By Ian-Henderson Superior-Homes-Kenya Managing Director On the face of it, the recent rates cap legislation is good news for borrowers because reduced interest rates will result in lower repayment instalments for loans. The good news is dependent on loans being granted in the first place and, as banks come to terms with the new laws and begin to figure out their impact on business, there is no doubt about one of the key outcomes – for most of us loans will be harder to secure. The reasons for this are clear.…

Community based versus High Walls

What works better when designing a house or a housing estate; high walls or open plan with a sense of community living? When I was thinking about how to approach this subject I took myself right back to basics. The question actually goes well beyond real estate because our approach to the answer is deeply ingrained in our cultural beliefs, our life experiences and our aspirations. https://www.ceoafrica.co.ke/beautifying-your-garden-at-no-extra-cost/ If we opt for high walls we are distancing ourselves from the community spirit, effectively saying: “I don’t necessarily trust you, my neighbour,…