Co-operative bank to sponsor about 655 needy students

By Dennis Muritu Co-operative bank will this year sponsor about 655 needy students from across the country through its scholarship program. This is after the lender’s board of directors announced the selection of the beneficiaries of this year’s Co-operative Bank Foundation Scholarship Scheme. Of the 655 new scholarships to Form One students, 420 were identified by the bank’s Regional Delegates’ Forums and the remaining 235 scholarships, at 5 per county,awarded by County Governments in all the 47 counties, the bank’s Group Managing Director & CEO Dr. Gideon Muriuki said. “Our…

Pest free campaign Launched in Makueni to boast Mango production

(L-R)Harrigan Mukhongo Deputy Feed the Future Coordinator USAID Kenya, Esther Kimani, MD ,KEPHIS, Betty Kibaara from Rockefeller Foundation, Makueni Governor Kivutha Kibwana and Dr Oscar Magenya, Director Research & Innovation, Ministry of Agriculture during the media launch of the  ‘Komesha Fruit Fly Campaign’ at the Radisson Blu hotel. PHOTO:COURTESY. By Dennis Muritu A campaign to create a Pest Free Area will be launched in Makueni to improve production and quality of mangoes to stimulate export and increase incomes for farmers. The campaign dubbed Komesha: Zuia Fruit Fly Ufaidike will sensitize and create awareness on economic…

Sanlam General Insurance rolls out Road Assistance services

Sanlam General Insurance, a subsidiary of listed non-bank financial services provider Sanlam Kenya, has today launched Sanlam Road Assistance, a comprehensive private motor insurance service geared towards improving the experience of its motor insurance customers. The service which is in line with the firm’s commitment to offer solutions to customer needs will provide road assistance to all motor private – comprehensive customers. This includes, on spot accident assessment, free post-accident support, towing and an optional add on for courtesy car and taxi service to complete the journey. Speaking during the…

OCTAGON NAMED AMONG TOP 100 COMPANIES SECOND YEAR RUNNING

Octagon Pension Services Limited has once again been named among the Top 100 companies two years in a row. The Kenya Top 100 mid-sized survey seeks 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 on technology to drive efficiency and increase uptake of pension within Kenya, and the region is bearing fruits,” said…

Cytonn awarded Most Innovative Community Developer 

Cytonn Real Estate the real estate development arm of Cytonn Investments has been recognized by the International Finance Magazine as the Most Innovative Community Developer (Mixed Use) in Kenya during the International Finance Awards. “The entire award process is strictly supervised by expert panelists comprising of key subject matter experts taking extensive care in providing true in-depth analysis and review based on performance,” said a representative from International Finance. The Most Innovative Community Developer Award is given to companies that demonstrate excellence in the residential and commercial property space in…

EkaBet Boosted Odds Changing Betting Industry

What are boosted odds? ,Majority of punters always use boosted or enhanced odd whenever they are plotting to stake the bet. Miss ,Sharon Kibuthu,the Operations Manager at ekaBet in an interview says that,an Odds Boost always moves the odds in the favor of the bettor and thus increasing the high chances of winning. She says that there are times where the odds are boosted enough that the football enthusiastic will actually forgo their entire activity for a specific event. “At EkaBet,an Odds Boost opportunity could be an increasing the payout…

Cytonn opens serviced apartment complex targeting business and leisure travellers.

Cysuites Apartments   Cytonn Investments has officially opened CySuites Apartment Hotel, the latest offering under its Private Equity arm. Cysuites is a serviced apartment complex with 32 two- bedroom apartments, 6 one- bedroom apartments and two penthouses that offer contemporary living and working spaces. “Our foray into Serviced Apartment Hotels is backed by thorough market research. Demand for serviced apartments continues to grow, evidenced by occupancy rates of up to 88%, according to our latest research data. Serviced apartments command very strong rental yields of about 12%, compared residential yields…

Top insurance agents awarded in annual fete

Kenindia Assurance has awarded its top performing insurance agents and brokers for the year 2018 in recognition of their contribution to the growth of the Company, at an event presided over by Insurance Regulatory Authority Chief Executive officer Godfrey Kiptum. Speaking at the award event, Kenindia Assurance Managing Director B.S. Sharma said the agents still play a critical role in the growth of the Company and the insurance industry in general. “Throughout this journey agents have been an integral part of our growth, for which we are grateful. We look forward to…

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…

Water prices set to rise by Ksh. 7 per litre

Kenyans are set for tough times ahead following the move by the taxman to impose Excisable Goods Management System (EGMS) stamp that will increase water prices by up to Ksh. 100 per 20m litre refil The Water Bottlers Association of Kenya (WBAK) pointed out that the price of bottled water is expected to increase by an average Ksh.7 per litre as the Kenya Revenue Authority (KRA) moves to implement new excise taxes on the non-alcoholic beverage from Wednesday next week. WBAK chairperson Henry Kabogo said the new excise tax will…