22 exceptional students from the 2023 Kenya Certificate of Secondary Education (KCSE) graduating class have been awarded a combined $7.5 million (KES 980 million) in scholarships to prestigious universities in the US and Canada by the Kenya Scholar Access Program (KenSAP). These scholars were chosen from all 47 Kenyan counties from underprivileged backgrounds but possess outstanding academic achievements. They ranked among the top 0.1% of KCSE test-takers, demonstrating exceptional intellectual potential. However, KenSAP’s selection process goes beyond grades. It considers family background, extracurricular activities, commitment to community development, and leadership potential, ensuring a well-rounded group. Preparation and Ongoing Support Prior…
Author: Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
UBA Kenya received $282 million (Sh37.5 billion) from its Nigeria-based parent company, United Bank of Africa (UBA) Plc to offer loans to small and medium-sized enterprises over the next three years. The funding is part of a larger $6 billion (Sh789 billion) SME funding agreement that UBA signed with the African Free Trade Area (AfCFTA). Mary Mulili, the Chief Executive at UBA Kenya, emphasised the importance of supporting SMEs, which contribute significantly to Kenya’s economy and employ over 90% of the total labour force. “We remain committed to supporting SMEs and we recognise the financing and market access gaps which we are stepping in to bridge.…
The OPPO A60, the latest addition to the A series smartphones, has been released in the Kenyan market. Designed to withstand every adventure, this phone combines style, functionality, and durability. Ultra Bright Display: The OPPO A60 boasts a 950-nit Ultra Bright Display, ensuring vivid visuals even in bright sunlight. Whether you’re browsing, streaming, or gaming, the screen delivers an immersive experience. Dual Stereo Speakers: Say goodbye to mediocre audio quality. The A60 features Dual Stereo Speakers that provide rich sound. Plus, the Ultra Volume Mode lets you crank up the loudspeaker volume by up to 300%, ensuring you never miss…
KCB Group reported a 69% jump in net profit to KShs 16.5 billion in Q1 2024 from KShs 9.8 billion, reclaiming the top spot as East Africa’s most profitable bank by assets. Total revenues increased 31.6% to KShs 48.5 billion, driven by interest income and non-interest income. “The performance which was boosted by revenue growth across all the Group network also saw the balance sheet close the quarter at KShs.2.0 trillion, from KShs.1.6 trillion a similar period last year,” the lender said in a statement. Financial Highlights Profit Soars: Net profit surged 69% year-on-year to KShs 16.5 billion, reclaiming the top…
Coca-Cola announced a significant investment of Sh23 billion ($175 million) in Kenya over the next five years. This strategic move follows a meeting between President Ruto and Coca-Cola executives in Atlanta. I welcome @CocaCola’s substantial investment to expand its operations in Kenya. This undertaking underscores the company’s enduring commitment to the growth and development of our region. I am excited about the promising future and the myriad possibilities that lie ahead!… pic.twitter.com/txfUNCd61L — CS Rebecca Miano, EGH (@rebecca_miano) May 22, 2024 “This investment is aimed at accelerating the Coca-Cola system’s capacity and capability expansion over the next five years. Our decision to invest underscores…
Lipton Kenya has withdrawn its offer to buy remaining shares in Limuru Tea as another firm expresses interest. According to the notice, upon successful completion of the transaction described therein (the Transaction), UAE-based firm, B Commodities ME (FZE), will indirectly acquire effective control and a beneficial shareholding of 51.99% of Limuru Tea. Completion of the Transaction is subject to obtaining approvals from certain regulatory authorities. The Capital Markets Authority (CMA) has approved Lipton Teas and Infusions Kenya Plc’s request to withdraw its offer to acquire the remaining shares of Limuru Tea Plc. Lipton Kenya currently holds 51.99% of Limuru Tea’s…