KCB announce plans to venture into mobile banking, close branches

KCB Group has announced plans to venture more into mobile and agent banking in the coming future following a reduction in the revenue generated by branches. According to The Groups Chief Executive, Joshua Oigara the group recorded improved performance from mobile and agent banking and will be looking to expand more into personal banking. “Branches continue to contribute less and less of our business, we will invest more in mobile and ensure ATMs remain stable. We will no longer need to have branches when we have these agents since they…

Ecobank Fintech Challenge 2018 finalists

Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. An Innovation Fair & Awards ceremony will honour the start-ups on August 30, 2018 at the global headquarters of Ecobank in Lomé, Togo. The list includes eleven (11) fintech start-ups from across the continent and beyond. At the ceremony, the start-ups will exhibit and pitch their products to a jury for the Ecobank Africa Fintech Prize, which will be awarded the top innovator…

Hemingways partners with EcoWorld for eco-awareness course

As part of its commitment to preserving the Kenyan coastline and ecosystem within it, Hemingways Watamu hotel has amalgamated with a local non-governmental organization ‘EcoWorld Watamu,’ which employs underprivileged locals to collect plastic debris along the beach each week and reuse and recycle it for better purposes. All plastic waste from Hemingways Watamu is directed to EcoWorld where it is separated according to weight and colour, before being shredded or melted, and recycled.  The recycled waste is used in creating art works, furniture, fence posts, and trinkets, generating income while…

Academia among Opera news award victors’

Credit: Barbra Onkoba Karen Technical Training Institute student Kennedy Macharia and businessman Richard Kamau have been announced as the winners of Shake and win promotion by opera news. Awarding brand new cars at Renault dealership in the Simba Corp Aspire Centre, Opera news managing director Edward Ndichu said that the one month promo was meant to relieve Kenyans the world cup hangovers. He said that with over 10 million downloads, opera news has partnered with Jumia to award more than 4000 users daily with vouchers and free airtime and internet…

Kenya Power losses 500 M on vandalism, illegal connections says Tarus

By Jacktone Lawi Kenya Power is now seeking harsher penalties for people involved in vandalism of transformers. The electricity distributor pointed out that is losing hundreds of millions in revenue from vandalism of its transformers, meter tempering and power theft through illegal connection and called for stiffer actions to deal with perpetrators of such crimes. According to the Company’s Managing Director and Chief Executive Officer Dr. Ken Tarus the firm losses about half a billion from to these vices. “We are losing KShs 500 million in revenue to vandalism and…

Amref International University, St. Mary’s Hospital signs training partnership

Amref International University has signed a 5 year contract with St.  Mary’s Hospital to establish a training partnership for diploma and degree (BSc. Nursing and BSc. Midwifery) programmes. Speaking during the signing, Amref International University (AMIU) Interim Vice Chancellor Prof. Peter Ngatia said that AMIU was pursuing partnerships that would ensure students acquire the requisite skills in their respective fields. “Amref International University is committed in implementing health professional training, health system research and actively seeking potential areas for co-operation to facilitate holistic education for AMIU students” said Prof Ngatia.…

Collymore named Corporate Executive of the year

Safaricom boss Bob Collymore has been named the Corporate Executive of the year at the inaugural East Africa Com Awards held in Nairobi. The award celebrates achievements of the people and companies that are accelerating digital transformation in East Africa. “We are delighted by the recognition of the innovations that we have brought to the market. This is a testament of the transformation that technology is bringing to people’s lives,” said Steve Chege, Director of Corporate Affairs at Safaricom during the Award ceremony. Mr Chege said the company is purposes…