SweepSouth, an online home services platform with presence across Africa, today announced that it has completed an US$11m investment round led by Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund.
The size of the round, which is...
Whether you are a first-time car buyer, looking to trade in your unit for another or you are just adding another to your driveway, ensure you are getting the best deal possible when it comes to vehicle financing.
We have...
Today, Zoho Corporation, a global technology company, launched its VAT and Tax Invoice Management Systems (TIMS) compliant, accounting software, Zoho Books to help businesses in Kenya prepare for the upcoming implementation of TIMS, smoothen the transition and ensure compliance.
"Kenya is...
Qatar Airways and British Airways have completed the latest phase in the expansion of their partnership, offering global connectivity between more countries than any other airline joint business.
The airlines have added 42 new countries to their shared network, including...
Equity through its social arm, Equity Group Foundation (EGF) has so far planted 19 million trees in a bid to conserve the environment and help tackle the adverse effects of climate change across the country.
These efforts have been accelerated...
USIU-Africa fully online MBA class: The United States International University-Africa (USIU-Africa) on Saturday made history in the local higher education space with the graduation of its first cohort of students who pursued their Masters of Business Administration (MBA) that was...
Safaricom Investment Co-operative has today held its groundbreaking for The Miran Residence, a luxurious urban residential development situated in the Western end of the Nairobi Bypass, Ruaka in Kiambu County.
The Miran Residence is a three-acre development that consists of...
Five Kenyans among 100 Rise Global Winners: Schmidt Futures, in partnership with the Rhodes Trust, have today announced the second cohort of 100 Rise Global Winners, five of whom are Kenyans. Rise is a program that finds brilliant people...
KCB has been named the Best Bank in Sustainable Finance by the Kenya Bankers Association (KBA), in recognition of its efforts in creating a more sustainable business enterprise environment through its deliberate socio-economic interventions.
The Bank also emerged second Runners-Up in the category of Best Bank Response to Covid-19 pandemic.
The awards spearheaded by KBA under its Sustainable Finance Initiative (SFI) Catalyst Awards recognizes financial sector players for their commendable progress in creating long-term value by funding initiatives designed to mitigate the negative impacts of climate change, building a resilience socio-economic environment, and help build a more sustainable future for humanity.
The award comes at a time when institutions are being called upon to embrace sustainable practices by adopting the UN Sustainable Development Goals (SDGs) as a guide to assist in the attainment of reduced global net human-caused emissions of carbon dioxide by about 45 per cent by 2030.
To align, the Group has adopted 9 of the global goals, to ensure it creates the most impact to the environment, society, and economy. These are tracked through various key performance indicators that are championed by various businesses within the organization.
Speaking about this achievement, KCB Group CEO Paul Russo said,
"We are privileged and honoured to be the top mover of the Sustainability Agenda. The win reinforces our commitment to building a brand that is not only focused on profits alone but on the customers and the communities we serve. At KCB, we acknowledge that we are in a decade of action that requires us to fast track our ambitions in achieving sustainable development by 2030."
In line with the Groups adopted SDG 13 – Climate Action, we are aware of the effects our operations may have on the environment and life on earth. We are therefore stepping up our climate finance initiatives with strategic partnerships.
Financial Institutions must Champion Climate Action: There is only one Earth
These have been established through meaningful collaborations with the International Finance Corporation (IFC) and Global Climate Fund (GCF) to finance green economies that will aid in the mitigation and adaptation effects of climate change.
KCB Group has been accelerating sustainable finance not only in Kenya but also across the region, consequently accelerating the transition to a low-carbon resilient.
Currently, the Group has set a target of transitioning 25% of its total loan portfolio to green investments by 2025, as part of its Net Zero ambition.
The Great Resignation is increasingly becoming a major source of concern for businesses. Initially, this global phenomenon was attributed to the COVID-19 pandemic, but other factors, such as burnout and employees' growing desire to take back their power in...
