Author: Muindi

Muranga Seal secured their first-ever Kenya Premier League victory with a 1-0 win over Shabana FC at Raila Odinga Stadium, thanks to Batts Awita’s goal.  The win lifted Murang’a Seal from the bottom of the table to second place with three points, while Shabana FC dropped to 18th place with nil points. https://twitter.com/murangaseal/status/1695807776574828643?s=20 Meanwhile, AFC Leopards, Nairobi City Stars, Posta Rangers and their opponents all settled for goalless draws. https://twitter.com/Officialfkfpl/status/1695819413281214824?s=20

Ebwali Boys of Vihiga emerged as the champions of the Safaricom Chapa Dimba Western Regional Finals boys’ category after a narrow 1-0 win over Compel Sportif of Bungoma. Austin Odongo, headed in a free kick in the 47th minute to score the final’s solitary goal. Compel Sportif tried to equalize, but they were denied by Ebwali’s goalkeeper, who made several saves to keep a clean sheet. Titus Gambo, Compel’s hat trick hero in the semi-final, saw his penalty saved in the final by goalkeeper Nelson Angayia in the 58th minute. Compel also hit the post late in the second half,…

Brenda Girls emerged as the champions of the Safaricom Chapa Dimba Western Region after a thrilling 2-1 win over Lugari Progressive in the final match played on Sunday at Bukhungu Stadium.  The girls from Bungoma County showed their dominance from the start, scoring one goal in the first half. Esther Wafula opened the scoring for Brenda Girls’ in the 15th minute after her speculative long-range effort was spilt by the Lugari Progressive goalie.  Lugari Progressive from Kakamega County tried to stage a comeback in the second half. Star player and captain Marion Musanga brought hope for Lugari Progressive with a…

Following the blackout incident at JKIA, the Cabinet Secretary for Transport, Kipchumba Murkomen, has made several changes in the management of the Kenya Airports Authority (KAA).  He has sacked the Managing Director Mr. Alex Gitari and the General Manager Project and Engineering Services of KAA Mr. Fred Odawo by mutual consent. In their place, he has named new acting replacements for them.  Mr. Henry Ogoye currently serving as the Head of Corporate Planning has been appointed to be the Acting Managing Director of KAA. On the other hand, Eng. Samuel Mwochache has been appointed General Manager Project and Engineering Services…

CIC Group, a leading insurance and financial services provider in Kenya, has reported strong results for the first half of 2023.  The company’s insurance revenue grew by 20% YoY to Ksh 12.9 billion, while insurance expenses increased by 17% YoY to Ksh 11.1 billion.  Asset management income also saw a modest growth of 5% YoY to Ksh 569.6 million. Finance costs increased by 11% YoY to Ksh 244.3 million.  Despite this, CIC Group’s profit after tax (PAT) saw a significant growth of 168% YoY to Ksh 705.5 million. The comparative period has been restated to reflect the adoption of IFRS…

Kenya Reinsurance Corporation (Kenya RE), a leading reinsurance company, for the period ended 30th June 2023, reported a 10.1% decrease in Gross Premiums Written to 9.9 billion KES.  Net Earned Premium decreased by 33.5% to 6.5 billion KES, while Net Claims decreased by 35.9% to 4.2 billion KES. Operating expenses (OPEX) decreased by 29.5% to 7.5 billion KES. In terms of profitability, Kenya RE reported an 8.7% increase in profit after tax (PAT) to 904 million KES. Earnings per share (EPS) were reported as 0.32 KES, compared to 0.30 KES in 2022. The Group’s Managing Director, Dr Hillary Maina Wachinga said they were pleased with the performance, which reflected the business’s resilience and adaptability in an ever-evolving…