Author: Muindi

Listed utility company Kenya Power & Lighting Company Plc (KPLC) is seeking to amend its Memorandum and Articles of Association, aiming to give minority shareholders a voice in the company’s decisions.  The company has scheduled an Extraordinary General Meeting (EGM) on November 10, 2023, to seek shareholders’ approval for the amendment.  The proposed changes include restructuring the Board of Directors to reflect the company’s shareholding structure.  “The amendments provide a mechanism for appointing directors in a manner that proportionately reflects the company’s shareholding structure,” KPLC announced in a statement. Currently, the government, which holds 50.09 per cent of the company’s…

Safaricom PLC has announced the successful acquisition of the entire issued share capital of M-PESA Holding Co. Limited, the cash management company behind M-PESA, from Vodafone International Holdings BV. This follows an earlier announcement this year where Vodafone disclosed it was selling the holding company to Safaricom for $1. The completion of the transaction comes three years after Safaricom, in collaboration with Vodacom, acquired full rights to the M-Pesa Brand from Vodafone. “Post completion, M-PESA Holding will continue to act as the corporate trustee of the M-PESA trusts funds,” said Linda Mesa Wambani, the acting Safaricom Company secretary on behalf…

Circleg, a leading developer of holistic prosthetic care solutions, is set to introduce its innovative Circleg One lower limb prosthetic to the African market on October 17th, in Nairobi.  The Circleg One is designed to meet the unique needs and challenges of amputees in Africa, where access to advanced prosthetic technology has often been limited.  This state-of-the-art prosthetic device aims to bridge this gap by offering affordable, high-quality solutions that enhance the lives of amputees. Circleg’s approach to prosthetic care is holistic and unique. It not only innovates in the development of prosthetic components but also provides comprehensive training services…

Epson, a global technology leader, unveiled its new range of flexible scanning solutions at GITEX 2023. These solutions cater to growing industries in the region, such as healthcare, logistics, financial services, and the public sector, which increasingly depend on document scanning for verification, security, compliance, and other business needs. Epson’s new desktop compact scanning solutions are space-saving and have the smallest footprint while in use. Designed specifically for smaller office spaces including reception areas and remote workers, these eco-friendly A4 scanners are built with up to 30% recycled plastic and consume less energy. Some models consume as little as 3.3W…

Absa Bank Kenya has introduced a new digital platform, Wezesha Stock, aimed at enhancing inventory management and trading for small and medium enterprises (SMEs).  The real-time platform will automate stock financing for retailers, manage stock orders, and provide unsecured stock financing using data analytics. James Agin, Absa Bank’s Managing Executive of Corporate and Investment Banking, highlighted that Wezesha Stock offers a credit line tailored to the inventory needs of distributors and retailers, thereby improving their liquidity and business growth prospects. The platform provides customers with access to working capital at competitive interest rates without the need for collateral or setup…

The Ministry of Education in Kenya has released the 2024 academic calendar for pre-primary, primary, and secondary schools, and teachers’ training colleges. Th 2024 Academic Calendar term will begin on January 8 and end on April 5, with a half-term break from February 29 to March 3. The second term will commence on April 29 and conclude on August 2, with a half-term break from June 20-23. The final term will run from August 26 to October 25. The Kenya Primary School Education Assessment (KPSEA) and Kenya Intermediate Level Education Assessment (KILEA) examinations are scheduled for October 28-31, followed by…