Peninnnah M

Absa Group announces net zero targets as part of broader sustainability/sustainable finance goals

Absa Group, Africa’s largest funder of renewables, announced today its long-term ambition to reach Net Zero state by 2050 for scope 1, 2, and 3 emissions. Supporting a transition to a low carbon economy is underpinned by the Group’s...

Isuzu East Africa Partners with the Kenya Coast National Polytechnic (KCNP) to Bolster Skills Development

Isuzu East Africa has signed a Memorandum of  Understanding (MoU) with the Kenya Coast National Polytechnic (KCNP) to launch a Partnership  Program that will upskill students to global automotive industry standards. The Partnership Program will see the Institution’s best automotive...

Air France increases Nairobi-Paris direct flights

Air France, the French national carrier, has announced an increase in daily non-stop flights between Paris and Nairobi from four up to seven effective 15 June this year. The extension affirms the airline’s presence and commitment not only in Kenya...

Huawei Technologies angles for piece of Kenya’s Kshs 17 billion Data Center Industry

Huawei Technologies is angling for a slice of the multi-billion-shilling cloud computing industry in Kenya with a new solution known as the Intelligent Cloud Network that has been designed and built to address key challenges facing organizations that are...

Safaricom Foundation launches 2023-2026 strategy

Safaricom Foundation has launched its 2023-2026 strategy, titled ‘Partnering to Enhance Equity’, which will focus on community investments in Education, Health, and Economic Empowerment. This follows the successful implementation of its 2018 to 2021 strategy that saw over 4 million people...

Goodwell Investments selected as Emeritus Impact Manager for the Impact Assets 50 2023

Goodwell Investments has been included on the ImpactAssets 50 list for the sixth consecutive year. This recognition is a reflection of the firm's efforts in generating both social impact with its strong global footprint along with financial returns. The IA...

The Forex Market in Kenya

When it comes to forex trading in Africa, countries like Kenya tops the list for having numerous active traders. Forex trading is totally legal in Kenya, and it's regulated by the government financial regulatory body, the Capital Markets Authority...

Equity Life Assurance Kenya (ELAK) named Group Life Company of the Year

Equity Life Assurance Kenya Limited (ELAK) was named Group Life Company of the Year by the Association of Kenya Insurers (AKI), in the 2022 insurance industry excellence awards, after scoring the highest points in the award category. The insurance entity...

Bamburi Cement appoints new CEO, two Non-Executive Directors effective April 1, 2023

Bamburi Cement PLC today announced the appointment of Mr. Mohit Kapoor as the new Group Chief Executive Officer (CEO), effective April 1, 2023, subject to regulatory approvals. Mr. Kapoor succeeds Mr. Seddiq Hassani, who has served as the company's CEO...

Government to set up 47 Agro Processing Parks at a cost of Kshs 4.7 billion

Each county will have at least one industrial park dedicated to agro processing facilities at the end of this year as the national government rolls out a multibillion agricultural industrialization program this year. Championed by the Ministry of Trade and...

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NCBA taps Kenya’s self-build trend with structured financing solution

NCBA Easy-Build solution provides a practical response to the country’s growing self-build market, following industry data showing that a majority...