Author: David Indeje

The M-PESA Foundation has invested Ksh 46 million to fund health information provision, provision of medical equipment and drugs for general healthcare, screening of select Non-Communicable Diseases, dental care, eye care and management of diabetes and hypertension. The investment is expected to benefit about 60,000 people across Kenya in 47 counties. The first camp was launched in Lamu County where the M-PESA Foundation has invested Ksh 1,700,000.00 in drugs and surgical equipment to support the provision of healthcare. “At the same time, we are looking to improve our approaches in order to reach as many people as possible. The medical…

The fourth edition of the Safaricom Chapa Dimba football tournament will run from June 2023 to January 2024 in conjunction with the Football Kenya Federation (FKF). The tournament prize money has been doubled to Ksh 20 million for overall winners and over 150 scholarships to TVET institutions for the best players at County, Regional and National levels, and a 10-day trip to Spain for the all-star team. Safaricom Chapa Dimba Registration schedule Western – 24th May 2023 Nyanza – 10th June 2023 Rift Valley – 1st July 2023 Eastern – 20th July 2023 Coast – 1st September 2023 Central –…

The future of cancer research and treatment should involve patients, according to Cancer Advocacy Groups. Representatives from the Kenya Network of Cancer Organisations (KENCO), and the Center for Public Health Development (CPHD) reiterated the need for patient involvement in research to limit the negative impact cancer is having on people’s lives, environments, and the economy. This is aimed at making it possible for women to access breast cancer diagnosis and treatment as well as addressing the psychological distress for most cancer patients. The advocates are convinced that increased patient involvement is key to the pursuit and implementation of evidence-based solutions…

Ogilvy Africa has introduced Influence O, an end-to-end influence platform by the agency to build out its public relations operation. The platform will enable businesses and creators to embrace the potential of influence and treat it as a legitimate and powerful channel. The methods of thinking, planning, and executing influencer marketing have fallen behind the pace of its evolution. With the launch of InfluenceO, Ogilvy now possesses the power to transform its approach and fully harness the potential of influencer marketing as a formidable channel. InfluenceO revolutionizes the brand-influencer collaboration process while expanding marketers’ perspectives on and strategies for influencer…

Mauritian Private Equity Fund Shorecap III, LP has acquired a 20 per cent shareholding in Credit Bank PLC (CBP). The acquisition will take effect on June 15, 2023. In August 2019, Oikocredit acquired a 22.8 per cent stake in the lender after paying a cash consideration of Kshs 1.0 billion with the transaction trading at price to book (P/B) multiple of 1.5x. The Central Bank of Kenya said it approved the transaction on April 24, 2023, under Section 13(4) of the Banking Act, and subsequently by the Cabinet Secretary for the National Treasury and Planning on April 28, 2023, in…

Safaricom will buy M-Pesa Holding Company Limited (MPHCL) from Vodafone Group plc. However, the transaction is subject to regulatory approvals. MPHCL holds M-Pesa customer funds in trust for the benefit of M-Pesa customers in Kenya. “On 17 April 2023, the group entered into an agreement to sell M-Pesa Holding Company Limited (MPHCL) to Safaricom Plc, an associate entity of the group, for $1 (Ksh137 at current exchange rates),” Vodafone said on Tuesday. “No material gains or loss is expected to arise on disposal. Completion of this transaction is subject to various approvals which are expected to be obtained before or…