Award Winning Fund Manager ICEA LION Asset Management presents its Outlook for 2023

East Africa’s pioneering Investment Management Firm ICEA LION Asset Management presented it’ 1 st Quarter 2023 Investor Pulse today, with the theme ‘Global downturn, local resilience’. Key trends highlighted by Head of Research at ICEA LION Asset Management, Judd Murigi included global downturn looming, local upturn and private sector credit growth. According to the research, developed market economies are expected to slow down and even potentially go into recession in 2023 as a result of central bank rate hikes aimed at taming inflation, especially in the first half of the…

LIPA LATER GROUP ACQUIRES SKY.GARDEN, ONE OF EAST AFRICA’S LEADING E-COMMERCE PLATFORMS

 Lipa Later Group, has acquired SkyGarden in a move that re-energizes our commitment to bridging the gap between the merchant and a customer with more empowerment between both parties, merchant and customer, stellar service, stellar tech, and revamped strategies that promise to disrupt the industry. This acquisition of SkyGarden by Lipa Later marks an important milestone in the group’s goal to offer innovative solutions that meet the needs of businesses and consumers. This move will enable Lipa Later to expand our customer base and solidify our presence in the market.…

Samsung Electronics East Africa Partners With Hyundai Motors To Incentivise Customers

Hyundai Motors announced a new bundle deal with Samsung electronics for a revamp customer proposition. Their Hyundai Palisade will be bundled with the 75” Neo QLED 8K TV worth Ksh. 799,995/-, while the Hyundai Santa Fe will be bundled with the 75” Neo QLED 4K TV worth Ksh. 429,995/-. This partnership is set to run while stocks last, in a bid to appreciate customers who make showroom purchases. Terms and Conditions apply The partnership between the two Korean companies demonstrates their long-term plans and common goal of establishing a strong…

SBM Bank Launches a “Spend and Win” Campaign for its Customers

he SBM Bank has launched a three-month utilization campaign among users of its SBM prepaid, credit, and debit cards dubbed “Spend and Win” Campaign in an effort to promote the use of these cards. The campaign, championed by SBM Bank’s Card business department is set to run for three months, starting in November and continuing through the December Festive season through to the Back-to-School season in January. Speaking during the launch, Paul Kaguru, Head of Alternate Channels explained said, “The Spend and Win Campaign aims to encourage current SBM Bank…

LG to train building professionals in innovative systems

LG is investing in building local capacity in installation, trouble shooting and maintenance as it seeks to differentiate itself with a better customer experience.  LG Electronics has partnered with the University of Nairobi (UoN) to train engineers, architects, contractors and other building professionals in the latest Heating, Ventilation and Air Conditioning (HVAC) innovations. The deal will see LG revamp its Engineering academy and rebrand its showroom as it eyes growth in sales of its innovative HVAC inverter technology, directly targeting professionals in the construction industry, while enhancing technical skills in…

Stanbic Bank Kenya And South Sudan Chief Executive Charles Mudiwa Retires

After an illustrious 20-year career at the Standard Bank Group, Chief Executive (CE), Charles Mudiwa retires from the helm Stanbic Bank Kenya and South Sudan, effective 31st December 2022. Charles has served in various capacities within Standard Bank Group, Africa’s largest bank by assets, that has presence in 20 markets across Sub-Saharan Africa. His previous roles include Executive Director and Chief Executive in multiple markets including Zimbabwe, South Africa, Zambia and Malawi. Charles’ journey at Standard Bank Group started in 2002 when he joined Stanbic Bank Zimbabwe as Executive Director,…

KCB Group CEO Paul Russo Appointed to the UNEP-FI Leadership Council

KCB Group CEO Paul Russo has been appointed to serve on the United Nations Environment Programme Finance (UNEP-FI) Leadership Council, joining other global leaders in mainstreaming and deepening sustainability integration across the financial industry.   The UNEP FI Leadership Council brings together a group of CEOs and chairpersons of institutions who have been elected to serve on the UNEP-FI Global Steering Committee, the board of the Principles for Responsible Banking or the board of the Principles for Sustainable Insurance.   Mr. Russo’s appointment to the UNEP-FI Leadership Council underpins the…

HMD Global unveils new C-series hero Nokia C31 in Kenya, delivering on durability and a three-day battery life

High-definition display, triple rear and selfie cameras and a long-lasting battery life all rolled into a tough, durable design at an ultra-affordable price point Love it: Android 12, improved 6.7” HD display and triple rear and selfie cameras powered by Camera by Google Trust it: AI-powered three-day battery life1 and two years of quarterly security updates2 for maximum security Keep it: Superior durability with IP52 protection from the elements from one of the toughest manufacturing standards in the world Giant mobile maker HMD Global has unveiled Nokia C31, in Kenya making it the latest smartphone to be…

Pwani Oil Opens submission for 2nd Annual National Essay Writing Championship

Pwani Oil, in partnership with Kenya Primary School Head Teachers Association (KEPSHA), has today officially announced the opening of its 2nd annual National Essay Writing Championship to take place until 22nd November 2022.   The competition attracted at least 23,000 schools in 2021 and is held in line with Pwani Oils’ mission to refine the lives of communities around them by sharpening creative writing and thinking skills among pupils.   “We have received tremendous positive feedback from participants of past competitions hence our desire to roll out the competition once again for more pupils…

NCBA Opens Utawala Branch As It Seeks To Tap Into The Property Sector And SME Markets

NCBA Bank has today opened a new branch in Utawala, Nairobi County. This brings to 86, the total number of NCBA Bank branches countrywide. This is part of the bank’s ambitious expansion agenda of its retail business aimed at taking services closer to customers. Utawala is one of the fastest growing areas in Nairobi County that is characterized by infrastructural development ranging from residential to commercial properties and with a growing urban population. Speaking during the official opening of the branch, Pauline Ndote, Group Director, Credit Management, NCBA Group, said that…