Financial Institution Equity Group Holdings and telecommunications provider Safaricom partnered to create a joint transformation agenda that aims to enable more Kenyans to access critical services using an innovative combination of technology and finance. Through collaboration that will align their joint purpose to transform lives, Equity and Safaricom hope to build more inclusive financial products, explore regional synergies, simplify cash delivery between their agents and share technical knowledge to build a common approach to risks such as fraud and cyber-security. “At Safaricom, we are continuously driven to explore new ways to provide our customers with the best possible experience on…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Kenya, Ghana will be the next African countries to receive the malaria vaccine after Malawi from the World Health Organization (WHO). Malawi was the first country to receive the vaccine and has already been vaccinating children under 2 years old. According to the WHO, children under the age of five are most susceptible to malaria, with Africa being a focal point. More than 250,000 African children die from malaria each year. The WHO has also been concerned about a possible rise in cases, with 219 million confirmed cases in 2017, up 2 million from 217 million cases in 2016. WHO…
President Uhuru Kenyatta witnessed the signing of two project delivery agreements totaling to KSh 67.5 billion through concessional financing and Public-Private Partnership (PPP). The projects include the Konza Data Centre and Smart Cities Project to be undertaken by Chinese telecommunications giant Huawei at a cost of Sh17.5 billion and the construction of the Nairobi JKIA to James Gichuru expressway on a PPP arrangement by the China Road and Bridge Corporation for Sh50 billion. The JKIA to James Gichuru expressway is a privately initiated project by a private Chinese company and is off the Government’s balance sheet. It will be the…
Co-operative Bank has partnered with World Navi Company Limited a leading Japanese exporter of used units to Africa and Europe, launching a financing scheme to enable Kenyans to import second-hand cars. The partnership guarantees a 100% safe and reliable vehicle importation including three months warranty on the engine & transmission, accident-free and genuine mileage certificates and zero risks of stolen parts or non-performance. In line with the Bank’s efforts to build a strong offering for their customers and the public in general, this service will help customers to import quality second-hand vehicles at affordable prices through a secure platform from…
Atlas Development and Support Services (ADSS), a firm that provides logistical support to oil and gas exploration companies, has been delisted from the Nairobi Securities Exchange following the closure of its operations. “The deregistration of the company in its country of incorporation under the Gurnesey laws and failure by the company to adhere to regulatory requirements from the year 2017 when the security of the company was suspended from trading on the NSE.” In a public notice, NSE said the delisting was effective April 25, 2019. In 2015, (ADSS) closed its operations in Kenya and placed its subsidiaries – Ardan…
Rubis SCA has appointed Jean-Christian Bergeron as chief executive officer of KenolKobil Group Ltd. replacing David Ohana. Bergeron’s LinkedIn page is updated as the chief executive of Rubis Energie East Africa. He states that he is an “Accomplished senior-level executive with a 30-year track record of successful leadership and proven performance within the petroleum industry.” He is a former chairman of Total Kenya Ltd. where he served for over 26 years.