Category: Latest News

Ndambiri Pleads with Governor to mediate him with Ameey Developer

Michelle Anzaya

Controversial City Lawyer David Ndambiri has now said he is ready to settle with the developer for Ameey Homes Limited including paying the financial losses he suffered for the last five years including legal fees which amount to up to five Million. Ndambiri who canceled his press briefing that had been set for Friday, December 2, 2022, said he would be dropping the two remaining cases that are ongoing in court after he lost one and the other dropped for lack of evidence. “I am calling out on the Governor…

U.S Secretary Of State Bill

Michelle Anzaya

U.S. Secretary of State Antony Blinken strongly condemned the targeting of Ukrainian civilians by Russian President Vladimir Putin, calling it “barbaric,” and pledged that the United States and NATO allies would continue to support Kyiv in the face of a continuing Russian onslaught. “What we’ve been working to do is to make sure that at any given time, [the Ukrainians] have the most effective systems possible to deal with the threat that they’re facing,” he told CNN Chief International Anchor Christiane Amanpour. Blinken was speaking from Bucharest, Romania, where he is attending a meeting…

Kenya’s Cyber Shujaa Program to Grow Population of Women Cybersecurity Professionals

Larmy

Kenyan women will have a higher chance of joining the cybersecurity profession following an affirmative approach taken by the Kenya Bankers Association, Serianu and USIU in their novel Cyber Shujaa program. The initiative has been set up to bridge the training, placement and retention gap for the youth in cybersecurity to stem the rising tide of losses to cyber criminals, which could reach Kshs 10 billion per annum by end of 2022 With data showing that women hold only 20 percent of cybersecurity jobs, Cyber Shujaa is scaling up the population…

Women at The Centre of Agilitee’s Innovative Dealership Store

Michelle Anzaya

GREENTECH Giant Agilitee is starting the roll out of its Franchise Dealerships known as Agilitee XPress which sell electric scooters and electric cars. The Green Revolution Pioneer is opening the dealership on the first of December 2022 in Cape Town and the store will also house the battery swapping infrastructure for electric two and three wheelers and the charging station for all electric vehicle brands. Agilitee will install both the swapping station for electric scooters and the charging station for cars at  the dealership. The charging system is Agilitee first…

The CDL Group launches The Mwalimu Co in Kenya, one of East Africa’s first teacher-laptop program

Michelle Anzaya

The CDL Group announces the soon-to-launch The Walimu Co. a project that aims to empower every public school teacher in Kenya with a laptop, internet, certified professional development and solar power for 1800 – 2500 KSH/ month. Partnering with global tech, regional banks and financiers (including RentCo & House of Procurement), teachers can lease to own the bundled laptops for a period of 1 to 3 years. . Teachers are the most essential facilitator in the implementation process of the curriculum. Children have endured difficult times since COVID-19 arrived in Kenya. In…

Embrace modern technology for rainwater harvesting

CEO AFRICA

By Simon Thomas, Megapipes Solutions Country Director The ongoing short rains have given us a reprieve from months of drought, one of the worst in over 40 years, but freedom is not yet here. The time is ripe for putting words into action on mitigating the adverse effects of climate change. One way we can do this is by beginning to harvest rainwater, especially in our urban areas. The timing could not be better because at present, millions of litres of water will be wasted in the form of surface…

Private sector innovation for the public good: why NGOs should embrace the digitisation of payments and collections

CEO AFRICA

By  Annalisa Plachesi, UK & EU GDO Relationship Manager, MFS Africa    Digital payments have fundamentally transformed lives across Africa by providing access to financial infrastructure and enabling innovation. More jobs have been created, leading to higher incomes that help sustain economies and millions of households.   For the most part, however, that innovation has resulted from private-sector initiatives. But it doesn’t have to be that way. Non-governmental organisations across the continent should also embrace the digitisation of payments. In doing so, they can deliver funds directly to a broader…

Huawei steps up solar specialists training

CEO AFRICA

Huawei is ramping up the process of growing the Kenyan pool of trained solar engineers and technical specialists amid an upward tick in energy prices and demand for solar powered electricity connections. The firm has announced a new program known as Thousand Digital Power Talents to add 1,000 professionals to the growing national pool of solar specialists. This move, said the company’s President of Southern Africa Digital Power Business Mr. Xia Hesheng, is designed to bridge the gap in trained and certified professionals that has been dogging the renewables energy sector. Huawei…

Bank of Kigali quarter three Profit up 18.4% to KES5 billion

CEO AFRICA

The Bank of Kigali (BK) Group has announced an 18.4 percent increase in net profit to KES5 billion for the period ended September 30 2022. The strong profit growth for the Nairobi Securities Exchange and Rwanda Stock Exchange listed lender was driven by an increase in interest earnings, transactions income and a significant drop in loan loss provisions. Total interest income grew 9.9 percent to KES16.5 billion, helped by a 4.4% expansion in net loans and advances to KES119.6 billion. “We are happy to see improvement in asset quality despite…

SBM Bank Posts 30% Growth in Net Loans and Advances

CEO AFRICA

SBM Bank Kenya Limited’s net loans and advances increased year on year by 30% from KShs. 27.9 Billion in Q3’2021 to KShs. 36.3 Billion in Q3’2022 supported by increased lending to its customers. The Bank reported a Total Asset position of Kshs. 82.3 Billion as of 30 September 2022, a 1.7% increase compared to the KShs. 80.9 Billion reported in a similar period last year. The customer deposit balances increased by 2.2% from KShs. 54.3 Billion in Q3’2021 to KShs. 55.5 Billion in Q3’2022 supported by growth in the customer base…