The National Social Security Fund (NSSF) has partnered with Safaricom as it embarks on a push to fully adopt cashless payments aimed at increasing the convenience and efficiency of its services. Under the initiative, NSSF will implement an entirely cashless system at all its branch network across the country. The Fund seeks to increase the convenience and efficiency of its services through the automation and digitization exercise. “The platform we are launching today, will make contributing to NSSF easy and effortless, We are aware that we have an enormous task ahead in meeting public expectations in our new role as…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Ms. Rosalyn Mugoh has been appointed as the Managing Director of Zamara Group, responsible for the strategic growth and expansion of the Insurance and Risk business across the continent. Sundeep Raichura, the Group CEO said Mugoh’s appointment was strategic and will strengthen the group as it seeks to efficiently execute on its strategy “While maintaining consistently high standards of service delivery to all its customers, as they scale across the continent.” Prior to her appointment, she was the head of employee benefits. Rosalyn holds a Masters in Business Administration (Strategic Management) from the University of Nairobi and a Bachelor of…
Unga Group Plc, a Kenyan-based holding company with its investments in the business of flour milling and manufacturing of human nutrition products has issued a profit warning as profit for the six months ended 31 December 2018 fell 40% to Ksh306.3 million. “Based on the company’s unaudited financial results for the first six months ended 31 December 2018 and the company’s second-half forecast, profit for the full year is likely to be at least 25% lower that prior year. “Volumes and margins declined in the human nutrition business due to increased competition and depressed consumer demand,” company secretary W Jumba said in…
President Uhuru Kenyatta on Friday reshuffled his Cabinet with the dismissal of Sports Cabinet Secretary Rashid Echesa. He will be replaced by Amina Mohammed who has been moved from the Education Ministry. “In accordance with Article 152(5) of the Constitution, as read together with Artice 152(1)(d) of the Constitution, the appointment of Mr. Rashid Echesa Mohamed, as Cabinet Secretary has been vacated,” read part of the Executive Order issued from State House. The Kenya National Examination Council (KNEC) Chairman George Magoha has been nominated to replace Amina as the Education CS. The President re-assigned six Principal Secretaries through Executive Order…
Ogilvy Africa, the most awarded creative agency in Africa, has named Brett Wild as its new Regional Creative Director. He takes over from Joao Espirito Santo, who is moving back to Portugal for a new assignment. In his new role, Brett will be expected to spearhead the Pan-African agency’s quest to deliver award-winning and effective communication work for clients in line with growing demand for strategic communications services especially by global multinational brands now present in Africa. While announcing the appointment, Ogilvy Africa Chief Executive Officer (CEO) Mathieu Plassard said, “We are delighted and honoured to welcome Brett Wild to…
Safaricom (NSE: SCOM) on Wednesday announced the deployment of 400G network link at the Mobile World Congress (MWAC) show in Barcelona, Spain. This makes its network among the first in the world to commercially deploy the solution. “The 400G solution will support the continued growth of our network which is being driven by an explosion in internet usage. Mobile data usage on our network has been doubling year-on-year while our fibre network now reaches more than 220,000 homes and 17,000 businesses across more than ten towns. It was therefore prudent to invest in the latest network technology to ensure that…