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WPP Scangroup PLC records KES 75m Profit After Tax in FY2022

WPP Scangroup PLC has today released its results for the  year ended 31 December 2022. Miriam Kaggwa, Chief Financial Officer, said: “We have recorded improved performance in  2022, with YoY profit after tax up by 298% per cent across our WPP...

Abdi Mohamed to take the reins at Absa Kenya on May 1 2023

Following regulatory approval, the Board of Absa Bank Kenya PLC has appointed Abdi Mohamed to the role of Managing Director and CEO, effective 1 May 2023. With expansive experience and a strong track record garnered over 28 years working in...

Roche expands its Legal Diagnostics presence in Kenya

Roche today announced its 10 year Africa strategy to increase access to  diagnostics by a factor of 10 in the next 10 years. Additionally, the company has expanded its  diagnostics legal presence in Kenya as part of the execution...

Safaricom and HELB to disburse loans to M-PESA

Safaricom (NSE: SCOM) and the Higher Education Loans Board (HELB) have today announced a partnership launching the HELB Mobile Wallet and HELB M-PESA Mini App. The HELB Mobile Wallet will empower students to receive the upkeep portion of their student...

Stanbic Kenya Foundation, German Cooperation boost resilience of MSMES in Nakuru

Stanbic Bank and Foundation in partnership with the German Development Cooperation are implementing the MSME resilience program. The Program, which was launched in 2022, is aimed at accelerating business recovery and growth of small enterprises post the COVID-19 Pandemic. Facilitated through...

Safaricom supports Healthcare and Economic empowerment of communities in coast region

Safaricom (NSE: SCOM), through its M-PESA and Safaricom Foundations has supported health and economic empowerment projects worth KES 9.5 million in Kilifi and Mombasa Counties. In Kilifi County, M-PESA Foundation in partnership with Flying Doctors Society of Africa organized a fistula...

42Markets Group secures $10M growth capital injection, targets growth in Africa’s Capital Markets technology

42Markets Group, the financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners, a leading private equity investor dedicated to the technology sector across sub-Saharan Africa, after it recently closed its Convergence Partners Digital...

DIB Bank Kenya named the Best Overall Islamic Bank in Kenya

DIB Bank Kenya Limited, a subsidiary of Dubai Islamic Bank PJSC, has been named the Best Overall Islamic Bank in Kenya at the prestigious Islamic Finance News (IFN) Awards for the year 2022. The Award ceremony, held in Dubai -...

Enwealth Umbrella Fund gets RBA approval to receive NSSF Tier 2 contributions

Enwealth Umbrella Fund has been approved by the Retirement Benefits Authority (RBA) to manage Tier 2 NSSF contributions from employers who opt out of the state pension fund.  Enwealth Financial Services is among the first pensions administrators in the...

Prosper Africa and U.S. Embassy Kenya announce $55m at the launch of the U.S.-Kenya Business roadshow in New York City

Today, the U.S. Government’s Prosper Africa initiative and Embassy in Kenya convened leading businesses and investors in New York City, along with a delegation of Kenyan government officials, to kick off the 2023 U.S.-Kenya Business Roadshow. Participants included the...

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India vs. Jamaica: What to Expect from the May 2026 Match – Prediction, Lineups, and Odds in the MelBet App

The upcoming clash between India and Jamaica in May 2026 is already attracting attention from football fans and sports...