The World Cup™ trophy is coming to Nairobi, Kenya on the 26th of May 2022, courtesy of The Coca-Cola Company, in partnership with FIFA. Kenya is one of nine African countries selected to receive and host the trophy as part of an exclusive tour ahead of the FIFA World Cup™ event in Qatar in November. The FIFA World Cup Trophy Tour will give millions of people in Kenya and around the world the opportunity to get up close and personal with the official Trophy that will be presented by FIFA to the winning country of this year’s FIFA World Cup™…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
The National Treasury plans to increase the Credit Guarantee Scheme capital for Micro, Small and Medium Enterprises from the current KSh4 billion to KSh10 billion over the medium term. While presenting the KSh3.3 trillion budget, Kenya’s Finance Minister Ukur Yattani allocated KSh10.1 billion shillings to support local industries and their ongoing projects in the manufacturing sector. Out of this, KSh1 billion will go to the Credit Guarantee Scheme to enhance access to affordable credit by SMEs in the Manufacturing industry. Another KSh 626 million will go to the provision of finances to SMEs through Kenyan Industrial Estate. “To enhance coverage…
Digital payment provider, Visa has opened a new innovation studio in Nairobi, its first dedicated innovation site in Sub-Saharan Africa (SSA). The facility will serve the sub-Saharan Africa region and joins a network of innovation centers operated by Visa since 2016, in cities including Dubai, Singapore, and San Francisco. “Sub-Saharan Africa is a fast-growing region with a tech-savvy population. As we continue to grow digital payments adoption in the region, our aspiration is to deepen our collaboration with clients and partners in developing solutions that are designed around the unique needs of Africa,” said Aida Diarra, Senior Vice President &…
Regional low-cost airline Jambojet has launched a three-tier level loyalty program for its customers to show appreciation to those who fly up to 100 times a year. The loyalty programme dubbed ‘Jambojet Rewards’, will see passengers redeem points on flights, baggage or other ancillaries, priority check-in and baggage handling, and discounts on Jambojet services among others. ”We conduct research studies with our customers to understand their perspective on the areas we are excelling at, and where they would like to see an improvement,” said Karanja Ndegwa, Jambojet MD& CEO. Jambojet, a market leader with over 44% domestic market share, has…
The Insurance Regulatory Authority (IRA) has placed Resolution Insurance Company Ltd under statutory management. IRA says the company has been facing a number of challenges, particularly relating to its inability to meet its obligations and mitigate its inherent risks prompting the regulator to intervene on several occasions. “Despite the various intervention measures taken as provided for by the Insurance Act, Resolution Insurance Company Limited has continued to slide into operational and financial difficulties,” IRA said in a statement. “In particular, the company is not able to settle claims to the detriment of claimants, policyholders, and other creditors. The insurer is also…
Swvl Holdings commenced trading in the company’s shares on the Nasdaq Stock Exchange on Thursday at an indicative price per share of $10. https://twitter.com/endeavor_global/status/1509534354824966144?s=20&t=K6xzU_LWyWHtND3a49UB5A Swvl Holdings will offer its shares on the Nasdaq through a merger with the American company Queens Gambit Growth Capital with the purpose of acquisition. https://khusoko.com/2022/02/14/ebrd-to-support-swvls-expansion-with-10mln/ Khusoko is now on Telegram. Click here to join our channel and stay updated with the latest East African business news and updates.