Kenya on Thursday became the first country to be awarded the recommended status of the “Safer Tourism Seal” by the Rebuilding Travel group. The Ministry of Tourism termed the Safer Travel Seal as a recognisable symbol world over will be key in positioning Kenya as a safe and preferred destination. In addition, it would be crucial in building travellers’ confidence in the destination as international travel resumes and hospitality outlets reopen. Tourism Cabinet Secretary Najib Balala said, “As a destination, we have put together health and safety measures that are aimed at ensuring the safe reopening of the tourism sector.” …
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Inchcape Kenya launched ‘the most capable off-roader Land Rover’ ever built, the 2020 Land Rover Defender in the Kenyan market. The large SUV completes the Land Rover Line-up that includes the luxurious Range Rover family and the versatile Discovery SUVs said Inchape in a statement. “The new Land Rover Defender model represents 70 years of innovation and improvement; honouring the vehicle’s history for rugged solidity while thoroughly remaining a Defender for the 21st century,” says Hussein Mohamed, Managing Director of the regional marque distributor, Inchcape Kenya Limited. “It is a vehicle with exemplary design credential and engineering capabilities. Which is…
Kenyans earning KSh150,000 and below monthly will start getting house loans from local banks and SACCOs at an annual subsidised interest of 7 percent lower than the market rate of approximately 13.0 percent. The Kenya Mortgage Refinance Company (KMRC) said it will begin lending in September 2020, following approval to operate by the Central Bank of Kenya. Prospective homeowners will qualify for mortgages of up to KSh 4 million with a repayment period of up to 20 years. This will commit the buyer to a monthly repayment of KSh31,000 for 240 months, down from KSh46,863 on the prevailing market rates.…
The Rhino Charge, an annual off-road motorsport competition, 2020 has been cancelled, the first time in its 32 year history. The competition had been scheduled for 19 October. However, the Rhino Charge Committee and the Rhino Ark Board of Directors cancelled it citing the Covid-19 pandemic and the ongoing associated risks. The next Rhino Charge will, therefore, be held on Sunday, 30 May 2021. READ The Long Wait, Safari Rally Postponed to 2021 “This decision has been taken with great regret,” comments Christian Lambrechts, Executive Director of Rhino Ark. “Funds raised by the Charge provide a vital part of our…
Co-operative Bank Group Thursday reported a 3.6 percent decline in Profit After Tax (PAT) to Ksh.7.2 billion in its half-year financial results on an increase in loan loss provisions. As a result, the lender reported a higher loan loss provision of KSh1.9 billion during the period under review compared to KSh1.18 billion the same period last year, an increase of 57.9 percent. Its gross earnings shrunk marginally to KSh9.6 billion compared to KSh10.4 billion last year. Co-op Bank Group MD Gideon Muriuki said, ”We are actively engaging our customers to support them through this period by re-aligning servicing of facilities,…
M-shwari, mobile loan platform owned by Safaricom and NCBA Bank says that borrowers seeking loans below Ksh2,000 will now have to use the Fuliza overdraft service. This is after the minimum loan limit was raised to Ksh2,000 from Ksh500. The M-Shwari Loan Account is a micro-credit product that allows subscribers to borrow money in times of need or to complement their savings towards an investment or enterprise. A one-time fee of 7.5 percent is levied for each loan. Consequently, subscribers who fail to qualify will have the option of using the daily overdraft service Fuliza. Fuliza attracts a daily fee…