Author: Khusoko

Fairmont The Norfolk, in Nairobi, will host a 10-day  “Cycle of Life” photography exhibition featuring unique historical collections showcasing great Kenyan heritage and experiences created by Anthony Russell. This is the first-ever public exhibition by Anthony Russell in a hotel displaying unique and rare historical images of memorable moments and connections with animals and people captured over a thirty-year span.  The exhibition which begins Thursday, the 12th September, running to Sunday 22nd September 2019 will provide a platform to showcase Kenyan heritage and experiences.  A substantial percentage of the proceeds will go to Wildlife conservation initiatives. Anthony is a professional…

Equity Group Holdings Plc (NSE: EQTY) is in talks with some of Banqué Commerciale du Congo’s (BCDC) shareholders to buy a controlling stake in its strategic expansion in Central Africa. This is “…with a view to eventually amalgamating the business of BCDC with that of EGH’s existing banking subsidiary in DRC, Equity Bank Congo,” said Dr. James Mwangi, chief executive, Equity Group on Monday through a statement. BCDC is licensed by the Central Bank of Congo to provide banking services in DRC. It is the second-largest bank in the country. “By acquiring BCDC, EGH will be able to expand its…

Blockchain technologies Blockchain technologies are a form of distributed ledger technologies that allow multiple parties to engage in secure, trusted transactions without any intermediary. It is best known as the technology behind cryptocurrencies, but it is also of relevance for many other domains of importance to developing countries. These include digital identification, property rights, and aid disbursement. Open-source platforms, such as Ethereum, allow programmers to develop decentralized applications to run on their blockchain. However, one challenge for blockchains is that, for some applications, they require a substantial, reliable electricity supply for processing. Three-dimensional printing Three-dimensional (3D) printing, also known as…

Safaricom Investment Cooperative (SIC) is set to launch a new real estate project dubbed called Zaria Village which will be built off Kiambu-Ruiru bypass. The project consists of 331-quarter acre serviced plots which will be retailing at KSh6.95 million per plot and with flexible payment plans and ready individual title deeds in 3 distinct zones that is The Zaria Green Gem, The Zaria Grey and the Zaria Golden Rod. Safaricom Senior Manager Strategy Peter Gichangi says the project is targeting middle and upper-middle-income earners where demand is high. “What we want to do is help our customers live in a…

KCB Group is seeking to deepen its new women proposition, committing billions of shillings towards funding women-owned and women-run enterprises.  The Bank said the drive is meant to strengthen its diversity and inclusivity focus as part of its sustainability agenda by simplifying financial inclusion for women. The programme dubbed Women Value Proposition has seen the Bank disburse loans worth Kshs 7.1 billion to 1,400 women to date, KCB said in its current Sustainability Report for 2018. It is aimed at increasing credit facilities to women alongside, providing them with both technical and non-financial support.  The initiative is in line with…

KCB Group confirmed that it had received consent to acquire  297,130,033 of the issued ordinary shares out of 338,781,200 issued ordinary shares, representing 87.7 percent by the offer closure date on August 30, 2019. Joshua Oigara, the Chief executive said their next move will be to fully integrate NBK into KCB within the next 24 months. “We will take several integration decisions including rationalization of our branch network in order to enhance service delivery to our customers. Additionally, we will examine the overall human resource needs to enable efficient business organization” said Oigara. Paul Russo was announced as the designate…