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…

Style, Luxury and World Class Elegance at the 50th Edition of Concours d’Elegance

Last Sunday was all pomp and colour as car lovers of all ages whittled away a relaxing afternoon at the Ngong Racecourse grounds at the 50th edition of Concours d’Elegance. Inspired by the extravagant Concours events in the United States and Europe, the event brought together rare and exotic automobiles, fashion and elegance from around the world to be judged by experts for their originality, historical provenance and quality of restoration. Enhancing the mood of showing up in time and in the tradition of historic Concours events, the exhibit of automobiles…

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…

Leaders, policy makers, business leaders and civil society Endorse Initiative to   organisations endorse resolve the learning crisis in Africa

Human Capital Africa convened Heads of State, Ministers of Education, business leaders, civil society organisations and prominent African intellectuals to call attention to the scale of the learning crisis in Africa.   This is following revelations that 9 out of 10 children are unable to read and understand by the age of 10.   The event that took place on the sidelines of the UN Transforming Education Summit in New York, saw African leaders commit to prioritise foundational learning   As the continent most affected by the learning crisis, Africa…

Narok’s sewer system cited as an example of how innovative technology can solve health challenges

Narok Town’s first sewerage system has been internationally recognised for its positive effects on reducing incidences of waterborne diseases.   Narok’s modern sanitary sewer network and treatment plant which was commissioned in late 2020 has been used as a case study at the Plastic Pipes XIII Conference, organised by the Southern African Plastic Pipe Manufacturers Association (SAPPMA).   The South Rift Valley town’s sewerage system used 5 kilometres of Weholite HDPE structured wall pipes which has resulted in reduced incidences of waterborne diseases.   “Anecdotal evidence from the Department of…

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…