The East African Development Bank (EADB) announced the retirement of Director General Ms. Vivienne Yeda, effective December 31, 2024. During her 17-year tenure, Ms. Yeda oversaw significant growth for the bank. Financial Performance (2024) Total Assets: $497 million Profit: $13 million Non-Performing Loans: 0.88% Credit Rating: A (S&P Global Ratings) Strategic Impact Ms Yeda played a crucial role in solidifying EADB’s position as a leading development lender in the East African region. The bank successfully supported numerous SMEs across Kenya, Uganda, Tanzania, and Rwanda, aligning with its strategic objectives. The EADB Board commended Ms. Yeda’s dedication and leadership, recognizing her…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Did you know that over 70% of households face financial strain when a medical emergency strikes? Yet, many avoid health insurance due to common misconceptions that couldn’t be further from the truth. Providers like Jubilee Health Insurance are addressing these barriers by making health coverage accessible, flexible, and tailored to diverse needs. Let’s debunk these myths and show why affordable health plans are within reach for everyone: Myth 1: Health Insurance is Too Expensive Many people believe that health insurance is a costly affair, meant only for the wealthy. The truth is that affordable health plans exist for every budget.…
The Kenya Association of Manufacturers (KAM) Board of Directors has appointed Mr. Tobias Alando as the Chief Executive Officer, effective January 2025. Mr. Alando brings over 20 years of experience in corporate strategy, public policy, and stakeholder engagement to this role. He joined KAM in 2005 and has served in various leadership positions, including Head of Membership and Governance and Chief Operating Officer. Prior to his appointment, Mr. Alando served as Acting Chief Executive Officer, where he successfully expanded KAM’s membership base, enhanced operational efficiency, and fostered a strong company culture. “We are thrilled to appoint Tobias Alando as our…
Popular betting site 1xBet provides various options for sports betting, casino games, and other gambling activities in Kenya. Whether you are a seasoned bettor or just starting out, easy access to your account is absolutely vital. Security is also very important. This article offers precise, step-by-step instructions on how to log in to your betting account via the website and the mobile app. We also provide essential security tips to ensure your betting experience is smooth and your login information is protected. How to Log in to Your 1xBet Account via the Website Logging into your account on the website…
CcHUB’s Creative Economy Practice has launched the Content Creative Economy Incubator program alongside the unveiling of the CEP Entertainment Hub in Nairobi. This dedicated space, a cornerstone of the Entertainment and Media Hubs Program, empowers storytellers in film, television, and the creator economy to create gender-equitable narratives that authentically represent diverse perspectives. Developed in partnership with Africa No Filter, the program equips African storytellers with gender-equitable storytelling skills, challenging harmful gender norms and promoting positive social change. By providing tailored support, including training, funding, and networking opportunities, the program fosters balanced storytelling that drives meaningful cultural and industry shifts. The…
This has been a busy year for mobile manufacturing companies. According to the International Data Corporation (IDC), global smartphone shipments increased by 4.0% (year over year) to 316.1 million units in 2024’s third quarter. 2024 welcomed many innovative phone designs and software features. these innovations span from on-device generative AI, inductive charging, and over-the-air charging to computational photography and phone designs ranging from fold to flip to rollable displays. The evolution of smartphones is only getting better and better over the years. Phone manufacturers are taking into consideration the needs and wants of their brand users, incorporating innovative features that meet consumers’…