Author: Khusoko

Britain and the European Union Thursday struck a free-trade deal 4 1/2 years since Britons voted 52% to 48% to leave the block. According to the deal, from January 1, the UK and EU will have a free trade agreement based on zero tariffs and zero quotas. British Prime Minister Boris Johnson tweeted,  “The deal is done.” “We have taken back control of our laws and our destiny,” declared British Prime Minister Boris Johnson. https://twitter.com/BorisJohnson/status/1342123159181516802?s=20 President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the…

59 women in Business from 24 different organizations concluded a 3-day virtual training on integrating new technologies into their businesses. The training, organized by the Women in Technology Huawei (WITH) program, worked towards equipping the trainees with knowledge on how Artificial Intelligence (AI), Big data, and Cloud Computing would enhance their business operations. Out of the 88 trainees, 59 successfully completed the training hours required, hence being awarded their certificates of completion. This is the second cohort to receive cutting edge training in technology. The program is intended to foster inclusivity whilst encouraging the participants to integrate transformative technologies within…

Equity Group Holdings hit a balance sheet of Ksh 1 trillion Wednesday, becoming the first publicly listed lender in Eastern and Central Africa to reach the milestone. The lender said this was achieved following the acquisition and integration of its business with Banque Commerciale Du Congo (BCDC). Equity says achieving the trillion-shilling balance sheet lifts the visibility of the financial sector in Eastern Africa significantly to compete favourably with financial institutions in South Africa, West Africa and North Africa for project and development finance. Speaking when announcing this milestone from Kinshasa Congo where he was witnessing the migration of BCDC…

In 1999 the company was licensed to operate as a telecommunications services provider. Safaricom officially launched in October of 2000 with Vodafone owning 40% of Telkom Kenya. In 2002, it was converted into a public company with the government owning 60%. It made revenue of Ksh 9 billion in revenue and introduced the KShs 100 scratch card. The year 2003 set the pace for driving penetration into the mass market with the launch of Simu ya Jamii and per-second billing. These initiatives saw the company end the year with a 55.4% market share. The year 2004 saw Telkom exclusivity with…

Homeboyz Entertainment Limited has listed by introduction on the Growth Enterprise Market Segment of the Nairobi Securities Exchange. Homeboyz listed 63.2 Million shares and AIB-AXYS and the transaction advisor was AIB Capital Ltd (formerly AIB Capital). Homeboyz entertainment was the tenth company to join the Nairobi Securities Exchange incubation program in May 2019. “The listing of Homeboyz Entertainment Plc will allow us to create value for ourselves and prospective shareholders,” said Myke Rabar, Chief Executive Officer, Homeboyz Entertainment Plc.  “The Listing of Homeboyz Entertainment Plc will give us the unique opportunity to participate in corporate finance transactions such as mergers…

ABC Insurance Brokers, a part of the ABC Bank & Group, has partnered with Prudential Insurance to offer customers the ABC Kwaheri Plan, a life insurance cover payable in the event of death to cater for burial expenses.  The ABC Kwaheri Plan allows policyholders to cover up to 10 family members including parents and in-laws. The new product is part of the Group’s focus on delivering a bouquet of services that meet all their customers’ financial needs ranging from savings, investments, insurance, among others. “ABC Bank & Group aspires to be a one-stop-shop for all our customers’ financial needs to give a holistic…