Co-op Bank named Best Bank in Kenya at EMEA Finance Awards 2019 in London

From left:The Publisher and CEO EMEA Finance Christopher Moore grants the Best Bank in Kenya 2019 Award to Co-op Bank Economist Anthony Muli and Head of Investor Relations and Strategy James Kaburu at the EMEA Awards gala held recently at the Law Society, in London.PHOTO:COURTESY. By Dennis Muritu The Co-operative Bank has been named Best Bank in Kenya 2019 at this year’s Europe, Middle East and Africa (EMEA) Finance Awards. The EMEA Finance Awards recognise financial institutions which, through their client focus and sound leadership, continue to increase profitability, deliver affordable credit to the…

OKash wins best mobile loan platform of at the 3rd Digital Tech Excellence Awards

 OKash, one of the popular microlending applications in Kenya, has won the award for best Mobile Loan Platform of 2019 at the 3rd Digital Tech Excellence Awards in Kenya.  The award recognizes the outstanding positive impact the microlending app has had on the everyday life of its users in Kenya.  OKash is an innovative mobile microlending application that enables easy, fast and secure access to short term loans. The app-based service utilizes artificial intelligence (AI) technology to analyze the purpose of the loan as well as the repayment behavior of…

DIGITAL PENSION PLAN MOBIKEZA, PROPEL OCTAGON AMONG TOP 100 SMEs

Octagon Pension Services Limited has once again scooped the Top 100 SME award two years in a row. Kenya Top 100 mid-sized companies seek to identify Kenya’s fastest-growing medium-sized companies in order to showcase business success excellence and highlight the country’s most successful entrepreneurship stories. “We are humbled to be recognised in the Top 100 SME Awards among medium-sized companies. We are glad that our effort to leverage technology to drive efficiency and increase uptake of pension within Kenya, and the region is bearing fruits,” said Octagon Pension Services Limited CEO…

Net interests growth push Family Bank earnings to Ksh. 1.01 B

Family Bank CEO Rebecca Mbithi  speaking during the investor briefing    Family Bank has recorded a Sh1.01 billion profit before tax in the nine months of 2019, registering a remarkable 274% growth in earnings compared to the same period in 2018. Higher loan uptake, steady growth in customer deposits and growth in operating income are the key drivers of the bank’s profitability and the same continue on an upward trajectory. The performance, covering the period up to end of September 2019, is an improvement from the Sh269.9 million posted in…

ESET setting standards in Cyber security awareness

ESET, a global IT security solutions firm with over 110 million users in 202 countries and territories is drawing your attention to the changing trends in the use of technology, where most Kenyans are always online. ESET’s Brand Ambassador Dr. Bright Gameli Mawudor, the Founder of the Cyber Security collective Africahackon,  while holding a media deliberations meeting  recently in Nairobi said devices such as personal mobile phones, tablets and laptops said they have inevitably found themselves connected to company networks through WIFI internet connections. He also said what many do…

DIB Bank in a 4.3 b expansion strategy into the Kenyan market

Kamukunji MP Yusuf Hassan Abdi cuts the ribbon to officially open the DIB Bank Kenya Eastliegh Branch. Looking on are the DIB Bank Kenya Board Director Michael Murphy and CEO Peter Makau.   Dubai Islamic Bank (DIB) is investing 4.3 billion for expansion in their business in Kenya. This comes after the bank registered a 665 million loss in their first year of operation in the country. DIB Bank Kenya, which offers exclusively Shariah Banking services, launched a new branch in Eastleigh as the bank starts to implement an expansion…

Tax agents charged for aiding tax evasion

Three tax agents were today charged at a Mombasa court for aiding two companies to fraudulently reduce their Value Added Tax (VAT). The two were charged alongside directors of the two companies. The tax agents from Ogot &Associates, together with directors of Gaab Transporters Limited and Samumu Construction Services were charged with several counts in two separate cases. They appeared before Mombasa Senior Resident Magistrate Christine Ogweno. In one of the cases, the accused persons, Mohamed Moalin Mohamed, a director of Gaab Transporters Limited as well as Wilson Ogot Owera,…

KRA wins case against Dubai firm seeking to stop collection of KShs 2.3 billion tax debts

The High Court in Nairobi has ruled in favour of KRA in a case filed by a Dubai based company seeking orders to stop KRA from collecting KShs 2.3 billion in tax debts from its affiliate company registered and operating in Kenya. Justice Pauline Nyamweya on 23rd September 2019 ruled in favour of KRA and struck out a Judicial Review filed on 28th July 2018 by   United Arab Emirates registered firm, Suzan General Trading JLT. Suzan General Trading JLT had sought among others an order to stop KRA from enforcing the warrants…

Quickmart supermarket now in Westland

By Kelvin Majangah Fast rising retailer Quickmart Supermarkets has opened a new branch along Waiyaki way as it count on quality services and convenience to penetrate the country’s competitive retail sector. Quickmart’s latest strategic location is expected to serve customers in the wider Westland’s region region that includes Loresho, Kangemi, Lavington and Kinoo neighborhoods.where residents have been having limited shopping options. The new Wayaki way branch that has at least 100 attendants brings the retailer’s total outlets to 11, adding to the two in Nakuru, and one each in Kahawa…

Need an Apartment? Purple Haze Residences development has what it takes

Purple Haze Residences development is situated off Dennis Pritt Road on Kitale Lane and it offers luxury residential 2 and 3 bedroom apartments as well as 3 and 4 bedroom penthouses all designed in modern living architecture and fitted with world class appliances. The name came up due to the Jacaranda trees and flowers that were blossoming in the land the development occupies and it is the ideal choice for anyone looking for space, luxury, comfort, security and serenity. During an exclusive interview with the Director of Purple Haze Mavji Varsani, he noted…