Author: David Indeje

NCBA Group says it is committing over 30 billion shillings of green and sustainable financing to its customers to accelerate their transition to a low-carbon operating model.  This is part of the company’s sustainability strategy, which aims to catalyze action towards a greener and more sustainable future for the communities it serves, its stakeholders, and the business itself. Speaking during the unveil, NCBA Group Managing Director John Gachora noted that the bold commitment will catalyze the Group’s action towards a Greener and more sustainable future. “Sustainability is not a new concept to the NCBA group, as a brand we have…

TikTok, a Chinese-owned social media platform, has chosen Kenya as its base for its African operations.  This was announced on Thursday after a virtual meeting between President William Ruto, Trade CS Moses Kuria and TikTok CEO Chew Shou Zi. Mr. Chew promised to moderate the content on the platform according to community standards. “During the meeting, Mr. Chew also agreed to set up a Kenyan Office to coordinate its operations in the continent. He pledged to hire more Kenyans to work for the platform,” said State House. https://twitter.com/StateHouseKenya/status/1694612925648978387?s=20 TikTok community guidelines In March, TikTok announced its community guidelines for content…

Social media platform X, formerly known as Twitter, is experimenting with a new feature that hides the headlines of news articles shared on the platform. The feature, which is currently being tested with a small group of users, aims to improve the aesthetics and readability of tweets that contain links to news sources. According to X, the feature will allow users to focus on the tweet text and the image preview of the news article, rather than the headline, which may be misleading or sensationalized. https://twitter.com/elonmusk/status/1693843680904216619?s=20 Users who want to see the headline can tap on the link or the…

Stanbic Holdings launched its Sustainability Report 2022 showcasing its commitment to supporting its clients and the community in transitioning to a low-carbon and inclusive economy. The report highlighted the bank’s initiatives in capacity building, partnerships and grants for education, health and entrepreneurship. Dr. Joshua Oigara, Chief Executive Stanbic Kenya and South Sudan said at the launch that the bank’s strategic priorities are aligned with the social, economic and environmental (SEE) needs of its stakeholders. He added that the bank is leveraging sustainable financing and strategic partnerships to deliver market-specific solutions that foster inclusion and growth. Key highlights of the report…

Pioneer Insurance, one of the leading insurance firms in Kenya, has announced a strategic investment in Sidian Bank, a tier-three lender. In a statement on Wednesday, the insurance firm said the investment reflects the company’s commitment to diversify and strengthen its investment portfolio and generate new business opportunities. “This will give Pioneer Insurance an opportunity to stay ahead in a dynamic market and deliver value to customers and the expanded clientele,” managing director David Ronoh said. He added that the investment is in line with the company’s long-term commitment to seek further opportunities that will foster new avenues of collaborative…

Kenya is poised to become a carbon trading leader in Africa and beyond, following a record-breaking sale of carbon credits at the Nairobi Auction on June 14th, 2023.  The country sold over 2.2 million tonnes of carbon credits to prominent Saudi Arabian firms, including Saudi Airlines, Saudi Electric, Dubai Islamic Bank, and Saudi Aramco, the second-largest firm globally. How are They Traded? Carbon credits are certificates that represent the reduction of one tonne of greenhouse gas emissions.  They can be traded in compliance markets, where countries and companies are required to meet certain emission targets, or in voluntary markets, where…