Stanbic Bank unveils product targeting to empower women

  Stanbic Bank has unveiled a product that to provide essential financial and non-financial services that Kenyan women need to grow. Dubbed Dare to Aspire Dare to Achieve (D.A.D.A), the package aims of reducing the financial inclusion gender gap in Kenya. A kitty of KSh20 billion has been set aside by Stanbic Bank to specifically lend to SMEs in Kenya between now and 2020. DADA is tailored to help women develop financially from a personal and business perspective.  This is in turn will help secure their families, impact communities and…

Angeliqua Rivera wins 2019 edition of Diageo World Class Kenya

Curtains came down at the Diageo World Class Bartending competition with the winner landing the chance to represent Kenya in the international competition in Glasgow, Scotland Now in its fifth year in Kenya, the World Class Bartender of the Year competition seeks to upskill bartenders and mixologists through a rigorous training regimen after which they compete for the right to represent Kenya in the international competition. The competition, which started in May, saw 42 of Kenya’s bartending elite go through an educational masterclass dubbed the ‘World Class Studios 2019′. After…

CS Munya Commissions Ksh 1Billion New Isuzu EA Assembly Lines

The Cabinet Secretary, Ministry of Industry, Trade and Cooperatives Hon Peter Munya, today commissioned new assembly lines at the Isuzu EA Assembly Plant constructed at a cost of Ksh 1billion. Speaking at the commissioning ceremony, Isuzu EA Managing Director, Rita Kavashe, indicated that the move was a demonstration of Isuzu EA’s manufacturing capacity to locally assemble a wide range of upcoming commercial vehicles that meet diverse customer needs in different economic sectors. “The introduction of the new assembly lines is aimed at modernizing and boosting assembly operations in readiness for…

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…

KWFT, AAR Insurance and Bliss Healthcare launch affordable health micro-insurance product

Kenya Women Microfinance Bank (KWFT) has partnered with AAR Insurance & Bliss GVS Healthcare to launch a medical micro- insurance cover targeting low and middle income earners in Kenya. The product named KWFT Afyafit is a comprehensive and affordable medical micro-insurance at only Ksh19,800 for a family of six. The product comes with an inpatient limit of Ksh 500,000, outpatient limit of Kshs 75,000, a generous maternity limit of Ksh100,000, dental and optical limit of Ksh10,000 respectively per family. KWFT Afyafit also covers chronic, psychiatric and congenital conditions as well as…

Over 3,500 pupils in Machakos to benefit from free dental screening and treatment

Over 3,500 school-going children in Machakos County are set to benefit from free dental screening and treatment, courtesy of an ongoing oral health programme spearheaded by Mars Wrigley in partnership with the Kenya Dental Association (KDA).   The two-year oral health program dubbed ‘Meno yetu, afya yetu’ targets school-going children aged between six and eight years. So far, 18,000 children have been reached, in line with the target to reach 20,000 pupils by the end of the program. Phase 1 of the program, which was officially launched by Nairobi Senator Hon. Johnson…

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…

Maritime and Shipping PS calls assures Seafarers Union of government protection

Maritime and Shipping Principle Secretary Nancy Karigithu addressingjournalists during the inauguration of board members of Bandari Maritime Academy held at Bandari College in Mombasa County. By  Tobby Otum Maritime and Shipping Principle Secretary Nancy Karigithu said the Seafarers Union of Kenya (SUK) is a validly registered party under the trade unions act. She insisted the government won’t allow the affairs and welfare of the seafarers to be handled casually. “The splinter group under the name of Kenya Seafarers Welfare Association [KSWA] was formed as a result of an election despute,” she pointed out. Karigithu said the government won’t recognize the…

Paul Odera Appointed as The Simbas Head Coach

Odera is currently the Head Coach for Chipu; the Under 20 National Team that recently qualified for the JWRT for the second time. With the close of the regular fifteen a side season, the Kenya Rugby Union (www.KRU.co.ke) would like to announce the appointment of a technical team to manage The Simbas for the upcoming 2019 assignments. Paul Odera comes in as Head Coach. Odera is currently the Head Coach for Chipu – the Under 20 National Team that recently qualified for the JWRT for the second time. First time was…