DIB Bank in a 4.3 b expansion strategy into the Kenyan market

Kamukunji MP Yusuf Hassan Abdi cuts the ribbon to officially open the DIB Bank Kenya Eastliegh Branch. Looking on are the DIB Bank Kenya Board Director Michael Murphy and CEO Peter Makau.   Dubai Islamic Bank (DIB) is investing 4.3 billion for expansion in their business in Kenya. This comes after the bank registered a 665 million loss in their first year of operation in the country. DIB Bank Kenya, which offers exclusively Shariah Banking services, launched a new branch in Eastleigh as the bank starts to implement an expansion…

TECNO SPARK 4 is back with its unprecedented big screen 

Global premier mobile phone brand TECNO Mobile (www.TECNO-Mobile.com) lately launched new smartphones TECNO SPARK 4, with AI Bright Camera. TECNO SPARK 4 is coming back with its unprecedented big screen and with 13MP AI Triple Rear Camera for its outstanding shooting performances. Already touted as an “immersive screen smartphone”, it is no surprise that TECNO SPARK 4 takes unprecedented step of adopting 6.52″ Dot Notch Screen, giving the users the true super full view experience. With 90% perfect screen ratio and high resolution, the world explored through TECNO SPARK 4…

Japan now the fifth biggest importer of goods into Kenya.

CNN’s Marketplace Africa explores Japanese car manufacturing in Kenya Recently on Marketplace Africa, CNN International investigated the international influence of the automotive industry in Kenya. This sector is dominated by Japanese car manufacturers who account for 80% of the market share, with Japan now the fifth biggest importer of goods into Kenya. Although Japanese automakers have been assembling vehicles in Kenya for more than three decades, no parts are currently made locally. Instead, they are imported from Japan and then assembled in Kenyan factories. Fareedh Kana, the General Manager at…

Embrace Public-Private partnerships to achieve sustainable development on the continent,Faki

African Union Commission Chairperson Moussa Faki called for more Public Private Partnership (PPP) projects between their governments and Japanese entities. In a speech delivered at the opening ceremony of the Seventh Tokyo International Conference on African Development (TICAD 7), African states advanced that the PPP model of development was the most ideal approach of achieving sustainable development on the continent. Mr Faki assured that through PPP’s, African enterprises with the support of Japanese investments will be able to fully exploit the resource potential of the continent for the benefit of…

Co-operative Bank Records Ksh 10.44 Billion Shillings in Half-Year Results

By Denis Muritu The Co-operative Bank of Kenya has registered a profit before tax of 10.44 billion shillings for the first half of 2019 in the financial results released by the lender on Thursday. The 10.44 billion shillings in pretax profits for H1 of 2019 is an increase from 9.98 billion shillings recorded at the same time in 2018. The pretax profits grew by 5 percent despite the prevailing challenges in Kenya’s economy including the persistence of the Interest Capping Rate. Profits after tax came in at 7.5 billion shillings,…

East African Private Sector to offer a common industrialization vision in the region

Peter Mathuki Executive Director of EABC By Dennis Muruitu  The EABC in partnership with trademark East Africa (TMEA) is organizing a regional private sector workshop on comprehensive review of the EAC-Common External Tariff (CET) scheduled on 22nd August 2019 in Nairobi Kenya. The regional workshop will offer a platform for the private sector players to review a common industrialization vision for the region and address any inconsistencies identified in the EAC CET that hinder intra-EAC trade. The 34th meeting of the EAC council of ministers held in 2016 directed the…

Need an Apartment? Purple Haze Residences development has what it takes

Purple Haze Residences development is situated off Dennis Pritt Road on Kitale Lane and it offers luxury residential 2 and 3 bedroom apartments as well as 3 and 4 bedroom penthouses all designed in modern living architecture and fitted with world class appliances. The name came up due to the Jacaranda trees and flowers that were blossoming in the land the development occupies and it is the ideal choice for anyone looking for space, luxury, comfort, security and serenity. During an exclusive interview with the Director of Purple Haze Mavji Varsani, he noted…

Why trust, reliability, and relevance matter most to today’s news consumers

The evolution of consumer expectations Marketing has existed for as long as people have had something to sell, but the modern era – with the advent of traditional and then digital media – has transformed consumers’ relationships with products. Looking back, the birth of outbound marketing in the early 20th century created a period of mass production and inefficiency as advertising spoke AT consumers rather than WITH them. In the 1950-1960s, the marketplace became saturated and as a result, there was intense competition for customers. This saw a shift in the role…

Valon lotion now in Kenya

Indian conglomerate Godrej Consumer Products Limited has launched Valon Body Lotion in Kenya, a first for the global company. Godrej Chief Executive Officer Mr. Rohit Vengurlekar said that the launch of Valon Body Lotion is part of the company’s commitment in providing East African consumers with superior quality products at great price points. READ ALSO: Greenpeace launches new tree planting initiative for school children “We have invested heavily in the Valon Body Lotion’s research and development to deliver superior skin care products at a great value for the Kenyan consumer,” said…

Cytonn hands over phase 1 of the Alma in Ruaka

Cytonn Real Estate has officially handed over The Alma Phase 1, its flagship residential development in the Ruaka town. The Alma is the most recent project to be handed over by Cytonn following last year’s completion and handing over of Amara Ridge in Karen. Phase 1 is 100% sold out. In giving her opening remarks, Yvonne Ondego, a Project Management Associate at Cytonn Real Estate noted that, “Recently, comprehensive developments have been growing in popularity because they provide an enriched living environment that caters to all the needs of its…