Author: Khusoko

Kenya Power and Lighting Company Ltd. announced on Monday that five independent directors of its board had resigned.  The five: Mr Adil Khawaja, Mr Kairo Thuo, Mr Wilson Kimutai Mugung’ei, Mrs Brenda Kokoi and Hon Zipporah Kering. “The Board of Directors of the Kenya Power and Lighting Company PLC hereby announces the resignation of Mr. Adil Khawaja, Mr. Kairo Thuo, Mr.Wilson Kimutai Mugung’ei, Mrs. Brenda Kokoi and Hon. Zipporah Kering as Independent Directors,” read part of the notice. “The Directors would like to sincerely thank the Directors for tier commitment and dedicated service and wishes them the best in their…

In the last several months, COVID-19 has taken up nearly every news headline in nearly every country in the world. The health impact, testing, confinement, and trying to curb the pandemic have rightly been at the forefront. In the developed world, conversations have been about corporate losses and the availability of unemployment benefits. But low-income countries experience a different reality: in sub-Saharan Africa, over 70 percent of workers are self-employed and a vast majority operate in the informal sector. Many bottom-of-the-pyramid Africans eat with the money they earn every day. Within this context, when a second massive swarm of locusts…

The Kenya Private Sector Consortium has broadly welcomed on-going Kenya – U.S Free Trade negotiations which are being seen as an opportunity to catalyze mutual economic growth. “We fully support the efforts of Kenya and the United States to negotiate a comprehensive and high-standard trade agreement to grow two-way trade and private sector investment,” said Nick Nesbitt, Chairman of the Private Sector Consortium on the Kenya – U.S. Free Trade Agreement (FTA) and also Chairman of the Kenya Private Sector Alliance and the East Africa Business Council. Kenya on Wednesday launched talks to seal a free trade agreement with the…

Open Banking is a global FinTech trend that according to NETInfo is revolutionizing the financial services landscape across the world, This service enables banks to acquire the skills and tools required to build their own ecosystem through the Open Banking infrastructure. NETInfo believes that African banks are well-positioned to embrace the opportunities created by Open Banking through transforming their offerings with innovative, agile and efficient solutions that will strengthen customer relationships and increase revenue for the banks. The platform eliminates the restriction that limits access to customer financial data, with the bank with which they have an account. The account…

The Nation Media Group (NMG) has promoted Clifford Machoka as the Head of External Affairs and Marketing. Machoka serves as Head-Corporate & Regulatory Affairs at the media house. A position he has held since January 2016 driving the company’s regulatory and reputation management strategies. Stephen Gitama, NMG Group CEO says as the Head of External Affairs and Marketing, Clifford will play a key role in the Group’s digital transformation agenda. “He will take charge of leading the brand’s marketing strategies, events management, and commercialization of the group’s products as well as drive its strategic regulatory and reputation management, corporate communications,…

NCBA Bank Tuesday said in it has appointed Tirus Mwithiga Group Director Retail Banking as it seeks to strengthen and grow its retail business. Mwithiga brings to the bank 29 years of experience in retail banking and wealth management having served in an array of leadership roles in banks locally, regionally and internationally, including Barclays Bank and Standard Chartered. Prior to joining NCBA, he worked with Standard Chartered Bank in Singapore where he served as the (Global) Head of Network Planning and Branch Design across 37 markets. He is a certified banker with professional training from The London Institute of…