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…

Mdundo.com to Pay Over Ksh100million to rights holders

Mdundo.com has turned 10 years after years of transformation to a leading music services company. The company provides musicians with a real-time dashboard to control and manage their catalog as well as withdraw earnings from the service. Founded in 2012, the service has a strong focus on creating locally relevant solutions to benefit African musicians and the mass-market music consumers. Mdundo.com was founded in 2012 where it sold music on “scratch card vouchers” similar to airtime purchases from corner-shops but later it became a free service funded by advertising sales. The initial…

TechnoServe targets edible oils, rice, with new food fortification program

TechnoServe will work with key stakeholders to widen the variety of fortified foods ·         The Technical Assistance Accelerator Program (TAAP) is supported by the Bill and Melinda Gates Foundation ·         COVID-19 pandemic, Russian-Ukraine conflict, prolonged drought is disrupting food consumption habits Nairobi, September 12, 2022…The non-profit international development organization TechnoServe has today officially launched a program that aims to widen the variety of fortified foods, ensuring Kenyan consumers continue to have access to nutritious meals. TechnoServe, with the support from a grant from the Bill and Melinda Gates Foundation, has launched the…

Guides to an Outstanding Holiday Rentals

Anyone who owns a holiday home or flat would love to have it fully booked all through the year. So, how do you make your vacation rental stand out so that people notice it when they’re booking online? And, that once they’ve stayed there, they’ll love it so much they’ll definitely recommend it to others? Ideally, you’ll want your holiday rental to grab attention, but also look like a welcoming space where people can relax and enjoy being together. You want every aspect of their stay there to ooze memories…

OPPO Teams Up with Spotify for Smart and Customized Music Experiences in ColorOS 13

Global leading technology company OPPO today announced a new partnership with popular audio streaming platform Spotify, to create an all-new easy, and customizable music experience on OPPO smartphones through its latest ColorOS 13 Android-based Operating System. With the Spotify app fully integrated with many new smart features in ColorOS 13, Kenyan listeners can now enjoy music, podcasts, and audiobooks with easier access and convenient control over the Spotify app on the home screen of their OPPO device in Kenyan markets where listeners may register for and use the Spotify service.…