British High Commissioner to Nairobi, Jane Marriott presented her credentials to President Uhuru Kenyatta on Tuesday to replace her predecessor Nic Hailey whose five-year tenure ended in June. “We stand today as two vibrant and modern countries, crucial to the success of our respective regions and with important roles in the Commonwealth and in supporting the rules-based international system,” Ms. Marriott said. She was among 11 envoys who presented credentials to Kenya’s head of state. https://twitter.com/JaneMarriottFCO/status/1168810400911122433 https://twitter.com/StateHouseKenya/status/1168843186153971712 Also reporting for duty was the new European Union Delegation Ambassador to Kenya, Simon Mordue, who replaces Antonio Stefan Dejak. Other…
Author: Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Paul Russo has been appointed by the KCB Group Plc as the designate managing director for the National Bank of Kenya (NBK). Russo is the current KCB Group Director of Regional Businesses and he will now be tasked with managing NBK for the transitional 2-year period of its integration into KCB, subject to fit and proper approval by the Central Bank of Kenya (CBK). “We are confident that we shall conclude this process shortly following the receipt of the necessary approvals. We have received a good indication from NBK shareholders and we shall announce the official results within the legally stipulated…
Kenya’s Capital Markets Authority has cautioned the public against participating in any capital raising and public offer of shares offered by WIE Limited also operating under the name Women Investing in Entrepreneurship. CMA says it has noted discrepancies in the information provided in the firm’s website and the information given to the Authority in relation to its operations. “The Authority’s preliminary investigations revealed that WIE Limited has been raising money from the public through a public offer of shares targeting women as their customers and branding itself as ‘A women’s income and wealth incubator’. “WIE Limited business model furthermore seems…
The Central Bank of Kenya (CBK) has approved the acquisition of 100 percent shareholding of National Bank Limited (NBK) by KCB Group PLC. “The acquisition will strengthen both institutions leveraging on their respective well-established domestic and regional corporate, public sector and retail franchises,” said the Central Bank of Kenya on Monday. KCB Group is a Kenyan non-operating holding company that owns banking subsidiaries in the East African region in Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan. It also has a representative office in Ethiopia. In addition, the Group owns non-banking subsidiaries namely; KCB Insurance Agency, KCB Capital, and KCB…
Kenya’s fastest-growing low-cost carrier, Silverstone Air Services, completed its maiden flight to Kabunde Airstrip, Homa Bay town from its Wilson Airport hub, Nairobi. https://twitter.com/KenyaAirports/status/1168385108174344192 The journey from Wilson Airport to Kabunde airstrip took 35 minutes flight with those on the inaugural flight parting with an introductory fare of KSh6,500 for a one-way trip. Silverstone’s Chief Operating Officer David Ojwang and the Sales and Marketing Manager Patrick Okech said the airline will offer daily morning flights. “We are also contemplating on introducing afternoon flights should demand for our services increase,” Ojwang said. The daily flights will leave Wilson Airport in Nairobi…
Nigerian logistics startup Kobo360 has launched its operations in Kenya in its expansion drive in East Africa. The firm aims to foster seamless intra-African trade by connecting and supporting cargo owners, truck owners & drivers, and cargo recipients. The company has been in beta operation in Kenya for five months and has on-boarded over 3,000 trucks and truck owners. In the country, the company is already working with companies such as Bidco Africa, Union Logistics Limited, Intraspeed ARCPRO Kenya LTD. Bakhresa Group, Rafiki Millers and McNeel Millers. The regional office will be led by Ms.Kagure Wamunyu. Prior to this, Wamunyu…