Author: David Indeje

Coca-Cola Beverages Africa has appointed Xavi Selga as its new managing director for Kenya, Mayotte, and Comoros. He takes over from Daryl Wilson, who has been appointed to head operations in Ethiopia as the managing director for the beverage firm. With more than 15 years of experience in the Coca-Cola system, Xavier first joined CCBA as the General Manager for East Africa Bottling Share Company (EABSC) in Ethiopia in February 2014 – a position that he occupied until 2016 when he became the country Managing Director for Ethiopia. Prior to his appointment at EABSC, Xavier was the Managing Director for…

A Kenyan High Court Judge has declined to issue conservatory orders suspending the takeover of National Bank of Kenya (NBK) by the Kenya Commercial Bank (KCB). Justice Weldon Korir refused to temporarily suspend the deal as sought by petitioners Evans Aseto and John Kiptoo and instead certified the matter urgent and directed the petition to be heard on 26th June this year. The petitioners in their suit argue that “We are apprehensive that the acquisition of 1st respondent by the 2nd respondent will occasion loss of jobs to may Kenyans under the employment of respondents as there is high likelihood…

Tech giant Microsoft has extended by six months its Cloud Accelerator Programme, designed to help women-led companies start and build their businesses through its cloud distribution channels. The programme will be expanded to Kenya, South Africa, Canada, France, Germany, India, the UAE and the UK in partnership with IdeaGen and Women in Cloud. The accelerator programme provides women-led cloud startups with access to Microsoft technology tools, mentorship from executives, networking opportunities and more. Getting inside Microsoft’s massive network of partners and customers opens the door for the startups to land new customers as they are building products. “Through a multi-million-dollar,…

President Uhuru Kenyatta has extended Dr. Patrick Njoroge’s tenure as Central Bank of Kenya Governor for another four-year term. The President further extended the Governor’s Deputy Ms. Sheila M’Mbijjewe by four years.  RELATED CBK’s Monetary Policy Committee: Meet 4 New Members Dr. Patrick Njoroge was appointed Governor of the Central Bank in June 2015. He holds a PhD in Economics from Yale University, USA, and a master’s and bachelor’s degrees in Economics from the University of Nairobi, Kenya. Mrs Sheila M’Mbijjewe MBS, ACCA (UK) was appointed Deputy Governor in June 2015. She holds a BA degree in Accounts and Finance…

Kenyan private sector firms saw a renewed improvement in operating conditions in May, attributed to a solid rise in new orders according to the  June Stanbic Kenya Bank Purchasing Managers’ Index. The Index shows operations by private firms improved to 51.3 last month from 49.3 in April. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. “Activity in the Kenyan private sector recovered in May after the agriculture sector slowdown witnessed over the past couple of months. However, both input and output costs rose sharply in May perhaps due…

Kenya Airways (KQ) on Tuesday suspended its flights to and from Khartoum, Sudan’s Capital due to the violent protests being witnessed. Flights suspended include Tuesday’s night flights; KQ 348 Nairobi-Khartoum and KQ 349 Khartoum-Nairobi. “We are monitoring the situation and will advise when normal operations resume,” the airline said in a statement. https://twitter.com/KenyaAirways/status/1135913890087260160?s=19