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…

Co-op Bank Hosts Customer Networking in Eldoret

Co-operative Bank held customers networking in Eldoret to train chief executives from the region to  deliberate on key issues concerning the cooperative industry. The Customer Networking Forums for Micro, Small & Medium-sized Enterprises (MSMEs)  is targeting customers Country wide aiming to upper their strategies on how to grow their businesses and the operating environment. The Customer Networking Forums are a key part of Co-op Bank’s MSME program as it is widely acknowledged that MSMEs need the insights and training on economic matters that have a direct bearing on their business, and…

KCB Bank Commits KShs. 10M for Fintech Summit

KCB Bank Chief Operating Officer Mr Samuel Makome hands over a dummy cheque of Kshs 10 million to CBK Governor Dr Patrick Njoroge. The money will go towards facilitating the Afro Asia FinTech Festival 2019, a first of its kind in the region.   KCB Bank Kenya has today committed KShs. 10 million to the Afro-Asia Fintech Festival 2019, a first of its kind in the region which will be held next week. The funds will go into supporting the mega financial technology (Fintech) summit being hosted by the Central Bank…

Dr. James Mwangi: As a Leader, you should always have a clear turnaround strategy

Kimutaielves@gmail.com society needs to change one perception that government is for creating businesses for the people especially the youth. That is not true. It is creative ideas that brings about business opportunities. People need to see and treat the government simply as a regulator and formulator.” Every leader faces trying times, both internally and externally. Those external factors are often the most difficult to contend with since they are outside of a leader’s control. In fact, the current business climate has generated many shared concerns among managers across the board, regardless of the industry they…

Tala Celebrates Five Years of Advancing Financial Inclusion in Kenya

Tala, the leading consumer lending app in emerging markets, has disbursed loans to over 2.5 million customers globally. This was revealed during the celebrations to mark the company’s five-year anniversary. When Tala (formerly Mkopo Rahisi) launched in Kenya in 2014, it was the first in the world to offer unsecured mobile lending direct to consumers. Since then, Tala has expanded credit access across Kenya by using alternative data to instantly underwrite and disburse credit to people who have been excluded from traditional finance due to lack of credit history or…

Co-op Bank re-calibrates its ATMs for new currency

The Co-operative bank has already started re-calibration of the ATM’s machines across all the Counties to accommodate the new currencies launched during Madaraka celebration in Narok. The exercise is expected to end in mid-July where 580 ATM machines across the Country will be fully operational. The Co-op bank is the only financial institution in Kenya which has started the exercise of the automation. “We’ve 580 ATMs, re calibration expected to be concluded in a months’ time, say mid- July,” reads a statement. The small nature and new features of the…

StanChart shifts focus to youth as it launched new community investment strategy

Kariuki Ngari, CEO Standard Chartered Bank Kenya. Through its Futuremakers programme, the Bank’s global ambition is to raise USD50 million and build the entrepreneurship capability of 50,000 micro, small businesses Standard Chartered Bank has launched a new community investment approach that focuses more on youth empowerment through education, employability and entrepreneurship opportunities. The new social investment strategy dubbed Futuremakers seeks to build on the community impact and achievements of Seeing is Believing, the Standard Chartered Marathon mantra. “More than 20% of Kenyans are youth, yet the economic opportunities to finding…

Saccos receive Sh3.8b dividend from Co-op Bank

Savings and credit societies (SACCOs) which together have a controlling stake at Co-operative Bank, have received an Sh3.8 billion dividend windfall. This year’s dividend payment is the highest ever and matches the entire initial investment by the co-operative movement in the bank, thereby enabling them to recoup their investment in full. Co-operative Bank Chairman John Murugu and Chief Executive Gideon Muriuki handed over an Sh3.78 billion cheque to the saccos’ umbrella body, Co-op Holdings Co-operative Society after the AGM. The Chairman of Co-op holding  Co-operative Society Mr. Macloud Malonza has…

NATIONAL BANK RECORDS KES 106 MILLION PROFIT IN Q1

National Bank of Kenya has today announced an after tax profit of Kes 106 million for the period ending March 31, 2019. This represents 138% increase in profitability from the loss position in quarter one 2018 which was occasioned by one-off exceptional item. The profit is mainly attributed to growth in operating income from. Customer deposits increased to Kes 89 billion compared to Kes 86 billion in quarter one 2018 as the banks strategy of driving business growth through enhanced mobile offering, diaspora and MSME continued to bear fruit. This…

Co-op Bank unveils Sh15.2 billion customer networking program

By Amos Mburu Cooperative Bank has unveiled a Customer Networking Forum that will enable the firm build the capacity of its customers countrywide as part of a strategy to grow their businesses in changing operating environments. These forums are part of the Ksh15.2 billion programs that the bank, in partnership with the International Finance Corporation (IFC), launched in mid-2018 to provide affordable financing and business training to Kenyan MSMEs. Speaking Director Retail & Business Banking at Cooperative Bank, Arthur Muchangi said that Customer Networking Forums are a key part of…