Centum Real Estate Limited has appointed Kenneth Mbae as its Managing Director with effect from 17th March 2022. He takes over from Samuel Kariuki, who has left to pursue other interests. Prior to his appointment, Kenneth served as Centum RE’s CEO, overseeing operations in Kenya and Uganda. He also served as the founding Managing Director of Vipingo Development Limited, the largest Centum RE subsidiary. Kenneth Mbae is a Harvard University GSD Alumni (AMDP XVIII), holds a BSC Biochemistry from Kenyatta University, and an Advanced Management Certificate from the Kenya institute of Management. He is also a member of the Project…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The FA Cup has produced some thrilling upsets thus far in 2022, and second-tier Middlesbrough will be hoping to continue their incredible run. Boro has already put out heavyweights Manchester United and Tottenham Hotspur – this weekend they will have the chance to come up against Chelsea at the Riverside Stadium. Manager Chris Wilder will hope his side can overcome the Blues and advance into the semifinals – though he knows the odds are stacked against his charges. “Chelsea is a world-class team with a great manager, they are going to be the toughest test we have faced at any point this…
Co-op Bank Group Thursday posted a net profit of Ksh 16.5 billion for the fiscal year 2021 ending December 31 compared to Ksh 10.8 Billion reported in 2020 on higher income. “This is the best performance ever by the Bank and is in line with the Group’s strategic focus on Sustainable Growth and Transformation,” Dr. Gideon Muriuki the Group Managing Director & CEO said in an emailed statement. Key Highlights Financial Position Total Assets grew to Kshs. 579.8 Billion, a +8% growth from Kshs 536.9 Billion in the year 2020 Net loans and advances book grew to Kshs. 310.2 Billion,…
What is in the best and long-term interest of teachers and ordinary members of the gigantic Mwalimu National Sacco following the recent decision by the society’s annual general meeting to liquidate Spire Bank? The idea of killing the bank and tearing up its banking license does not appeal to me. Let me explain the offers and options on the table. Even the ordinary teacher and member of Mwalimu Sacco not familiar with nuances of complex mergers and acquisition transactions can join the conversation. The first option on the table is an asset purchase transaction. A prominent local bank has offered…
Juliana Rotich, a Kenyan information technology professional is the new Head of Fintech Integration Solutions at Safaricom. She holds an IT degree from the University of Missouri. She is a board member of BRCK Inc and serves on the Advisory Council BASF, Microsoft 4Afrika and Waabeh Ltd. https://twitter.com/afromusing/status/1503769883833737218?t=foA2UYqAVAxQRtSajwil8A&s=19
Chinese smartphone maker Oppo is soon going to launch its Oppo A96 smartphone in Kenya. OPPO A96 is equipped with a 5000mAh1 long-lasting battery and 33W SUPERVOOCTM flash charging. It is complemented by the OPPO Glow Design that allows the phone to be scratch and fingerprint resistant. OPPO A96 HIGHLIGHTS Oppo A96 will be powered by an octa-core Qualcomm Snapdragon 680 processor. Oppo A96 will feature dual rear camera system headlined by a 50MP sensor. Oppo A96 will run on Android 11 based ColorOS 11.1. Powered by the Qualcomm® Snapdragon™ OPPO A96 delivers an exceptionally smooth user experience with the…