Co-operative bank to sponsor about 655 needy students

By Dennis Muritu Co-operative bank will this year sponsor about 655 needy students from across the country through its scholarship program. This is after the lender’s board of directors announced the selection of the beneficiaries of this year’s Co-operative Bank Foundation Scholarship Scheme. Of the 655 new scholarships to Form One students, 420 were identified by the bank’s Regional Delegates’ Forums and the remaining 235 scholarships, at 5 per county,awarded by County Governments in all the 47 counties, the bank’s Group Managing Director & CEO Dr. Gideon Muriuki said. “Our…

SONKO WOES PERSISTS AS ACTING COUNTY SECRETARY TAKES MANTLE

Acting county secretary leboo ole morintat during cabinet meeting Cityhall  photo/Samson wire By Samson wire Things have not been rosy at the county 047 after the county boss was barred by the courts from stepping into his office by the charges from DPP. The embattled Nairobi Governor Mike Sonko was arraigned in Court and Charged with Nineteen Counts by DPP over 357million corruption related cases. Operations at City hall has been slow which skeptics alluding to the fact there has been power vacuum created after The Charges bared Sonko from…

A faster, simpler way to buy airtime and pay electricity bills

You can now be able to buy airtime and Electricity tokens by just sending a message to a toll-free shortcode 40512, Purchasing airtime across networks, paying postpaid bills to Kenya Power and buying electricity token has been made easier by Financial Technology Services solution provider Tsenda. Tsenda is a Safaricom PLC’s Paybill-backed system, supported by Kibo Capital’s PaymentGate LLP e-Receipting system. READ ALSO: Aspira ink deal with Xiaomi Mi Home, to enable customers enjoy flexible payment plan With a mobile phone, you can now purchase airtime for any network be it…

Sanlam General Insurance rolls out Road Assistance services

Sanlam General Insurance, a subsidiary of listed non-bank financial services provider Sanlam Kenya, has today launched Sanlam Road Assistance, a comprehensive private motor insurance service geared towards improving the experience of its motor insurance customers. The service which is in line with the firm’s commitment to offer solutions to customer needs will provide road assistance to all motor private – comprehensive customers. This includes, on spot accident assessment, free post-accident support, towing and an optional add on for courtesy car and taxi service to complete the journey. Speaking during the…

OCTAGON NAMED AMONG TOP 100 COMPANIES SECOND YEAR RUNNING

Octagon Pension Services Limited has once again been named among the Top 100 companies two years in a row. The Kenya Top 100 mid-sized survey seeks to identify Kenya’s fastest growing medium sized companies in order to showcase business success excellence and highlight the country’s most successful entrepreneurship stories. “We are humbled to be recognised in the Top 100 SME Awards among medium-sized companies. We are glad that our effort to leverage on technology to drive efficiency and increase uptake of pension within Kenya, and the region is bearing fruits,” said…

Oserian Development Company grants scholarships to top candidates within its farm

Oserian Development Company will offer full secondary school scholarships to eight top candidates from two primary schools within its farm.  The eight, six boys and two girls studied at the Oserian Primary school, a public institution and the private wing, Hilltop Primary. It was the first time in the history of the schools to produce a top candidate nationally, a fete that threw the firm’s community into a frenzy. The good performance comes in the wake of the launch, early this year, of a school feeding program to which the…

Leaders Condemn the Rising Trend of Violence against women

By Mourice Seretta A section of women leaders under the umbrella Women Agenda have condemned at the escalating trends of violence against women and children citing that in the recent past, the country has witnessed horrific murders including that of a mother and her two children in Laikipia. The women leaders also said they are also saddened by the dismembering of a lady in Bungoma, the rape and killing of a university student in Kasarani and many more incidences of femicide adding that they were deeply concerned at the rising…

Cytonn opens serviced apartment complex targeting business and leisure travellers.

Cysuites Apartments   Cytonn Investments has officially opened CySuites Apartment Hotel, the latest offering under its Private Equity arm. Cysuites is a serviced apartment complex with 32 two- bedroom apartments, 6 one- bedroom apartments and two penthouses that offer contemporary living and working spaces. “Our foray into Serviced Apartment Hotels is backed by thorough market research. Demand for serviced apartments continues to grow, evidenced by occupancy rates of up to 88%, according to our latest research data. Serviced apartments command very strong rental yields of about 12%, compared residential yields…

Top insurance agents awarded in annual fete

Kenindia Assurance has awarded its top performing insurance agents and brokers for the year 2018 in recognition of their contribution to the growth of the Company, at an event presided over by Insurance Regulatory Authority Chief Executive officer Godfrey Kiptum. Speaking at the award event, Kenindia Assurance Managing Director B.S. Sharma said the agents still play a critical role in the growth of the Company and the insurance industry in general. “Throughout this journey agents have been an integral part of our growth, for which we are grateful. We look forward to…

Net interests growth push Family Bank earnings to Ksh. 1.01 B

Family Bank CEO Rebecca Mbithi  speaking during the investor briefing    Family Bank has recorded a Sh1.01 billion profit before tax in the nine months of 2019, registering a remarkable 274% growth in earnings compared to the same period in 2018. Higher loan uptake, steady growth in customer deposits and growth in operating income are the key drivers of the bank’s profitability and the same continue on an upward trajectory. The performance, covering the period up to end of September 2019, is an improvement from the Sh269.9 million posted in…