Author: David Indeje

Co-operative Bank of Kenya has reported a 4% dip in its net profit for the three months to March 2021 compared to the same period in 2020.  The bank’s profit after tax declined to KSh3.46 billion from KSh3.59 billion on 31st March 2020 as the provisions for loan losses increased in the period under review. Co-operative Bank Q1 Profit Dips 3.6pc to KSh3.46 billion. Co-operative Bank of Kenya has reported a 4% dip in its net profit for the three months to March 2021 compared to the same period in 2020. The bank’s profit after tax declined to KSh3.46 billion…

Ahead of the highly anticipated global release of the ninth Fast and Furious 9, M-Net Movies will be revving up its pop-up channel offering this May with the return of the Fast & Furious franchise.  The M-Net Movies Fast & Furious pop-up channel will now also be enjoyed by DStv Compact Plus and Compact customers. Launching on Friday, 21 May, and running until Sunday, 30 May, the action-packed pop-up channel will be available on DStv channel 111 and will feature the eight original films from the Fast & Furious franchise. All these films, from Fast to Fate, will air between 5 am to 9…

Kenya Breweries Limited (KBL) Monday launched the ‘Kenya Milele’ campaign, a celebration of the bold Identity, spirit and culture of our people, everything that makes Kenyans uniquely Kenyan. The campaign that will involve an integrated marketing communication will be implemented through its flagship beer brand Tusker Lager to celebrate the indomitable spirit of all Kenyans. Speaking during the launch of the campaign, KBL Managing Director, John Musunga said: “Kenya has been through tough times and prospered – now, more than ever, there is a real need to connect and share real stories that are uplifting, empowering and remind us why…

Kenya and the International Monetary Fund have reached a staff-level agreement on the first review of its economic program under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF). “The agreement is subject to the approval of IMF management and the Executive Board in the coming weeks. Upon completion of the Executive Board review, Kenya would have access to SDR 285 million (equivalent to about US$410 million),” said Mary Goodman, IMF team leader-Kenya. The IMF staff project the economy to expand by 6.3 per cent in 2021. However, they noted that the coronavirus shock had reversed some of the…

Equity Group Holdings increased its stake in Equity Bank Congo (EBC) by another 7.7 per cent, taking its total holding to 94.3 per cent. According to its 2020 Annual Report, the transaction was valued at $9 million (KSh996 million) from German sovereign wealth fund KfW as part of a strategy to consolidate its banking subsidiaries in the Democratic Republic of the Congo. “On November 27, 2020, Equity bought shares previously held by KfW in Equity Bank Congo S.A. for a consideration of $9 million (KSh996 million),” the Nairobi Securities Exchange-listed firm says in its latest annual report. On September 30,…

What comes to your mind whenever a microwave is mentioned? Or, what does the current microwave in your kitchen do? Heating and preheating. That is it. That has always been the norm in the “world of microwaves.” Heating and preheating. But do you know that there is an oven that it is an all-rounder in that it can defrost, heat, cook, grill, bake, and roast foods, steaming and healthy fry? Imagine an oven/microwave that bakes and grills? Am talking about the new LG SolarDom NeoChef that is now revolutionizing kitchens. For normal conventional ovens, one has to preheat to achieve…