Phyna is The Winner of Big Brother Naija Level Up Edition!

Josephine Otabor, also known as Phyna, has emerged winner of the seventh season of Big Brother Naija after polling a total of 40.74 per cent of the votes in the final week. The show’s host, Ebuka Obi-Uchendu, announced the winner at this season’s grand finale on Sunday, October 2, 2022. The native of Edo State beat 23 other housemates to clinch the prize after an intensely competitive 72 days. This is the second time a female housemate will against all odds, be declared the winner of Big Brother Naija.  For…

AAR Insurance Feted as the Best Digital Insurance Company in Kenya

AAR Insurance Kenya has been recognized as an insurance trendsetter and a top innovator in Kenya for its Mobile application that has digitized access to its products and services. The insurer was awarded the “Most Innovative Insurance Mobile App Kenya 2022″ & “Best New Fully Digital Insurance Company Kenya 2022” by the Global Business Magazine Awards. Commenting on the awards, AAR Insurance Kenya Acting Principal Officer Hosea Kiprop said, “the awards cements our aggressive approach towards being a technology first operation model to make products and services accessible to our customers…

New Program By BrighterMonday and ICT Ministry to Employ 3000

3000 youth are set to benefit from an internships and job placement program through a partnership between BrighterMonday Kenya, Creative Management Consultants Ltd, and The Kenya Youth Employment and Opportunities Project (KYEOP) under The Ministry of ICT, Innovation and Youth Affairs. The partnership was ratified and announced on Monday 19th September 2022  at the Ministry of ICT offices in Nairobi, Kenya marking the start of the World Bank-funded initiative that aims to drive socio-economic development for the youth. Announcing the partnership, BrighterMonday Kenya noted that the program will lay the…

Companies Warm Up to Agilitee’s New E-bikes as They Look to Cut Transportation Costs

Zimbabwe customers on Monday started to take delivery of electric vehicles rolled out by Agilitee, the market leader in Artificial Intelligence, electric vehicles and the green revolution giant. Majority of the customers are companies that are taking fleet instead of just one vehicle. Commenting on the sidelines of this big activity, Country Director Tanaka Kutama said, As we begin our first roll out of Electric bikes to various service providers in food and security we aim to have at least 300 bikes on the road by December, so there ease…

KCB Group feted for scaling efforts in sustainable finance

KCB has been named the Best Bank in Sustainable Finance by the Kenya Bankers Association (KBA), in recognition of its efforts in creating a more sustainable business enterprise environment through its deliberate socio-economic interventions.   The Bank also emerged second Runners-Up in the category of Best Bank Response to Covid-19 pandemic.   The awards spearheaded by KBA under its Sustainable Finance Initiative (SFI) Catalyst Awards recognizes financial sector players for their commendable progress in creating long-term value by funding initiatives designed to mitigate the negative impacts of climate change, building a resilience socio-economic environment, and help build a more sustainable future for humanity.   The award comes at a time when institutions are being called upon to embrace sustainable practices by adopting the UN Sustainable Development Goals (SDGs) as a guide to assist in the attainment of reduced global net human-caused emissions of carbon dioxide by about 45 per cent by 2030.   To align, the Group has adopted 9 of the global goals, to ensure it creates the most impact to the environment, society, and economy. These are tracked through various key performance indicators that are championed by various businesses within the organization.   Speaking about this achievement, KCB Group CEO Paul Russo said, “We are privileged and honoured to be the top mover of the Sustainability Agenda. The win reinforces our commitment to building a brand that is not only focused on profits alone but on the customers and the communities we serve. At KCB, we acknowledge that we are in a decade of action that requires us to fast track our ambitions in achieving sustainable development by 2030.’   In line with the Groups adopted SDG 13 – Climate Action, we are aware of the effects our operations may have on the environment and life on earth. We are therefore stepping up our climate finance initiatives with strategic partnerships. These have been established through meaningful collaborations with the International Finance Corporation (IFC) and Global Climate Fund (GCF) to finance green economies that will aid in the mitigation and adaptation effects of climate change.   KCB Group has been accelerating sustainable finance not only in Kenya but  also across the region, consequently accelerating t h e  transition to a low-carbon resilient. Currently, the Group has set a target of transitioning 25% of its total loan portfolio to green investments by 2025, as part of its Net Zero ambition.

Huawei to power Absa’s new branch network digital transformation

Huawei Technologies and Absa Kenya have come together to build a new platform to drive it’s corporate digital transformation program. The partnership involves establishing a software defined wide area network (SD WAN), hailed as the next generation technology and service designed to  connect the bank’s branches,  promote smart branch upgrades by constructing a powerful network based on cost-effectiveness, agility, flexibility, scalability, security, and compliance. It will support the bank’s 83 branches and 212 ATMs as well it’s internet and mobile banking services. The move is anchored on Absa Kenya’s digital…

KCB Group Shareholders Approve Proposed Trust Merchant Bank SA (TMB) Acquisition

KCB Group Plc shareholders have approved the proposed acquisition of the DRC-based lender Trust Merchant Bank SA (TMB) during an Extra Ordinary General Meeting held today in Nairobi.  In August 2022, KCB Group Plc entered into a definitive agreement with shareholders of TMB to acquire the Bank. Under the terms of the transaction, KCB will acquire 85% of the shares in TMB while the existing shareholders will continue to hold the balance for a period of not less than 2 years after which KCB will have the right to acquire…

ABC Bank Feted During Sustainable Finance Initiative (SFI) Catalyst Awards

ABC Bank has been awarded for its innovative financing solutions which have created long-term value for clients in the agricultural sector at this year’s Kenya Bankers Association (KBA) Sustainable Finance Initiative (SFI) Catalyst Awards. ABC Bank support for clients in the agriculture space saw the lender take second position (best case study in financing a commercial client category) at the SFI Catalyst Awards which recognise financial sector players for their efforts in creating long-term value for their clients, the economy, and environment. The bank’s products have enabled its clients to…

KCB Pumps Kshs. 120 billion to Support Oil Marketing Firms in Petroleum Imports

KCB Bank Kenya has injected over KShs. 120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector.   The Bank has been facilitating oil importation into the country by financing the oil firms under its portfolio that have won business under the Open Tender System (OTS) through the Ministry of Petroleum and Mining.   This gives the OMCs a strongroom to import refined white oils from multinational oil suppliers for distribution across in Kenya and the wider East African…

ESAK: Investments in the energy sector are a key to ensuring continuity of the sector

The energy sector is a crucial sector in any country’s economy. This is crucial because energy is a key component in powering various sectors, from manufacturing to retail to households. In Kenya the energy mix is made up of various sources of energy- renewable and non-renewable such as wind, solar, water and thermal. With this diverse portfolio there is need to firm up investment in this sector. “One of the reasons why investment in the energy sector is viable in Kenya is due to the immense potential in the sector.…