Author: Khusoko

Diamond Trust Bank Kenya (DTB) on Friday said it will shut down six branches from July to reduce costs and improve efficiency. However, it did not indicate how many of its employees will be affected by the consolidation process.  “The Central Bank of Kenya has approved an application by Diamond Trust Bank to consolidate its branches in certain locations within the country,” DTB said. “The staff in the affected branches will be redeployed appropriately to support other branches or business units within our network.”   Branches to be affected include Jamuhuri Street branch in Malindi, two in Westlands (the Oval &…

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LG Electronics announced the global rollout of its 2021 TVs featuring new OLED, QNED Mini LED and NanoCell TVs. The range of screen sizes begins from 43 inches to 88 inches. LG’s 2021 OLED TV technology is featured in Z1, G1, C1, B1, A1 series. All models in the G1 series feature the new OLED Evo technology, which the company claims delivers better luminosity for higher brightness. The C1 series offers the most screen size options starting with the 48-inch up to 83-inch. For a more price-sensitive OLED audience, the company has launched LG B1 and A1 series. G also…

Equity Group Plc has created a subcontinent office for Central and Southern Africa under a regional director as it seeks to tap into the expansive market. The group has appointed Yves Cuypers, formerly Managing Director of Banque Commerciale du Congo (BCDC), as the regional director.  In his new role, Cuypers will focus on establishing the financial services organisation firmly in the region and will support the new Managing director of Equity BCDC in DRC Celestin Mukeba to achieve a smooth transition for the new Equity BCDC subsidiary.  BCDC has since merged with Equity Bank Congo to form Equity BCDC, the…

Kenya’s leading integrated digital content platform, Kenyan Wallstreet Tuesday launched a mobile trading application, Hisa App. Hisa App which is still in Public Beta version, allows investors trading on the Nairobi Securities Exchange (NSE) real-time business and financial information. “Our goal with Hisa App is to improve financial literacy and make the whole investing process simpler through a social feed designed to make it possible to follow other investors and domain experts, see what they are investing in, exchange ideas,” Mr Eric Asuma, the Chief Executive says. Built-in collaboration with Faida Investment Bank Hisa App is an engaging and intuitive…

For many, the Africa Continental Free Trade Area was a manifestation of the long-sought-after Pan African dream – a united continent, bringing together its natural resources in a common market, to the benefit of its people. The willingness of countries to come together and ratify this dream is the first step, and perhaps one would say, the rudimentary one. The next step is to delve into the reasons why this dream has not been actualized for years. This requires a critical look into our own systems and structures as individual countries, as well as the compatibility to the well-intentioned plans…