City Hall collected Sh1.7 billion from parking services by end of March

Nairobi City County Government collected Sh 1.7 billion from its parking charges in the period ending 30th march this financial year. The county had projected to collect Sh 2.6 billion by close of the 2018/19 financial year and with one and half months only remaining before the year ends, the target remains a pipe dream. The month of January 2019 recorded the highest collections, which is Sh238.3 million while August 2018 recorded the least amount, Sh 148.2 million. In the 2017/18 financial year, the county collected Sh 1.8 billion from…

Hass Consult banks on Riverside Drive for its mixed-use development

Hass Consult unveiled niche development Riverside Square, spanning 250 apartments, offices, boutique stores, infinity pools, gyms and open-air leisure facilities, on Riverside Drive, which it selected as the emerging hub of Nairobi’s wealthy Bohemian class, the BOHOs. “As development managers, we have led the way in financial models and market positioning in Kenya for over two decades. During that time, the real estate market has become more sophisticated, to the position, by 2019, where only carefully thought through investments with clear and under-served target markets now sell rapidly,” said Sakina…

 Hemingways Collection rolls out a five-year fixed return offer for owners

Hemingways Collection has rolled out a five-year Guaranteed Fixed Return offer for owners of the Hemingways Residences in Watamu which are now fully complete and ready for sale. The offer guarantees a return of 7% per annum on the USD purchase price including service charge, for five years, which results in 8.5% rental yield per annum and an effective 33% discount rate on the sale price of the properties. The Hemingways Residences comprise of 21 one, two and four bedroom apartments located within the five star Hemingways Watamu hotel. Styled with…

Samsung to replace plastic packaging with recycled paper

Samsung to replace plastic packaging with recycled paper Samsung Electronics has announced plans to start taking steps this year to replace plastic packaging materials with paper and other environmentally sustainable elements. From the first half of 2019, the packaging used currently for Samsung’s products and accessories – ranging from mobile phones and tablets to home appliances – will be substituted with environmentally sustainable materials like recycled/bio-based plastics and paper. To revamp product packaging, Samsung Electronics has formed a task force involving design and development, purchasing, marketing and quality control for…

Uber sets IPO in motion, seeks to ‘ignite opportunity’

Uber has filed documents for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing Wall Street listing. The filing with the Securities and Exchange Commission contained no specific pricing or timing for the market debut for Uber, which according to media reports was expected to raise some $10 billion. Uber’s valuation in its latest private investment round was more than $70 billion, but reports said the ride-hailing giant was likely to seek a market value…

What to consider before investing in any rental property

Are you thinking about investing in property? It may seem easy, however there are a number of points to consider before you dive into a long-term commitment, to ensure security, success and a strong return on investment. Global real estate portal, Lamudi explores the top 10 things to keep in mind when searching for the perfect rental property. The neighborhood The first thing to consider is the location of your investment. Buying a house in a high-end neighborhood will attract wealthier tenants, while investing in a property in a university…

Access Bank partners with CNN to put a spotlight on African arts

Access Bank is the inaugural sponsor of CNN’s newest programme, Africa Avant-Garde, which will tell stories across CNN’s TV and digital platforms about contemporary African culture. This sponsorship marks five years of CNN International Commercial’s (CNNIC) partnership with Access Bank, with this new campaign demonstrating the rich and vibrant arts across the continent. The introduction of Africa Avant-Garde adds to CNN International’s unique offering of shows dedicated to African business and culture – CNN Marketplace Africa, African Voices and Inside Africa. This week sees the first content go live on CNN Style’s special Africa Avant-Garde page, accompanied by exclusive Access…

Co-op Bank, other corporate donates over Sh163 million to Beyond Zero Marathon

By Amos Mburu First Lady Margaret Kenyatta received over Sh163 million from local corporate in support of this year’s Beyond Zero Marathon slated for March 10th Nyayo Stadium. Co-op bank on Monday boosted the Beyond Zero Half Marathon fundraising initiative at state house with Ksh 20,000,000. Group Managing Director and CEO Dr. Gideon Muriuki presented the cheque to the First Lady of the Republic of Kenya. Mr. Muriuki affirmed the support for the Beyond Zero Initiative especially on maternal and child health noting that its impact is already felt by…

Bro. Isaac G.M Andabwa: The celebrant of change and success

Poor payment, treatment and discrimination of private security workers, having experienced firsthand of its worse,  made me come out of my comfort and use my intelligence, ideas and solutions to form private  security workers’ union that will spearhead and fight for workers’ rights.” Being a man of his words and determination, full of experience in the private security sector, Bro. Isaac GM Andabwa, the CEO and founder of the Kenya National Private security workers Union (KNPSWU), believes that the private security sector plays a big role in both the native…

Co-op Bank to offer up to 95% financing for purchase of Isuzu vehicles’

By Amos Mburu Through asset financing, Cooperative Bank of Kenya and local vehicle assembler Isuzu East Africa (Isuzu EA) has agreed to work together with business community to accelerate economic growth. In the partnership, Isuzu customers are set to enjoy Ksh 300,000 working capital to empower their business payable in 12 months, a 60-day repayment holiday that will allow SMEs to generate monthly installments, the lowest market negotiation fee of one per cent and the longest re-payment period of 60 months in the market. Also read:Co-op Bank Leasing firm awarded…