Author: Damaris King'oo

Sidian Bank, a mid-tier bank focused on supporting businesses to Own Tomorrow, has recorded an increase in its consolidated net profit to Ksh117 million for the period ended March 31, 2022, compared to a net profit of Ksh114 million as of March 2021. The bank’s improved performance has been as a result of increased lending, improved customer-centricity, efficiency and turn-around time. The increased profitability is attributed to increased interest income and lending fees from the loan book growth in the period. The bank’s profitability was also enhanced by higher non-funded income driven by Trade Finance which continues to be the…

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Sports betting has become the latest craze in Kenya, with many Kenyan celebrities being brand ambassadors to top online betting sites. Kenyans, therefore, have many choices in regards to online sportsbooks that offer the best betting services. However, it is not always easy to identify and choose the best betting site, especially to new bettors who have just recently joined the betting industry. More so, with the many betting brands advertising their juicy bonus offers and claiming to have the best betting products and services. If you are starting out in the exciting world of online sportsbetting, you’re in the…

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African policymakers have been challenged to prioritise the impact of climate change when designing economic development blueprints. The announcement was made by Kenya’s Cabinet Secretary Ministry of Agriculture, Livestock, Fisheries and Cooperatives  Peter Munya during the 24th Annual African Economic Research Consortium’s (AERC) Senior Policy Seminar. While speaking on behalf of  Munya, Kenya’s Chief Administrative Secretary (Assistant Minister) Ministry of Agriculture, Livestock, & Fisheries Mr Lawrence Omuhaka said climate change has produced a domino effect and to power Africa’s economic growth and prevent the worst consequences of climate change, researchers must spell out a proactive stance for African policy makers…

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By Hyther Nizam, President – MEA, Zoho Corp. The workplace today is vastly different than it was a few years ago. The pandemic has accelerated the adoption of digital technologies by businesses, both for their customers and employees. Today, the majority of businesses operate on a hybrid model, and as a result, internal collaboration both digital and in-person, has become critical for business success. When it comes to creating an environment that supports online and offline employee collaboration, many businesses continue to fall short and work in restricted silos. In today’s age, companies need to think about implementing effective collaboration…

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Today, as part of its efforts towards elections integrity, Meta has shared tools and resources that provide more information about political advertising on Facebook and Instagram ahead of the Kenya 2022 general elections. The tools and resources are meant to enhance transparency in political advertising to help people know who is behind the political ads they see on Facebook and Instagram while equipping political advertisers with key resources to reach and engage their supporters and potential voters throughout the election period. Advertisers seeking to run political ads in Kenya will undergo a verification process to prove who they are and that…

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eWAKA, Africa’s new market entrant spearheading sustainable mobility options, has today launched a green response to Africa’s expanding transportation requirements through the introduction of electric options including an electric ‘boda boda’. The newly launched vehicle options include electric bodas, the backbone of Africa’s local delivery sector, and rideshare options including electric kick start scooters and bicycles available on demand. Additionally, eWAKA’s will be offering clients robust IT capabilities to support transportation management efforts through an online and mobile-based app that enables real-time tracking of vehicles, performance metric monitoring and geofencing for remote immobilization if needed for security options. Commenting on the official…

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Pay Television Company StarTimes Media has introduced an option for lower bouquet subscribers to add-on up to 10 more kids content channels to their bouquet of choice thereby accessing more premium channels that have been a preserve of higher bouquets. The development will see Nyota and Nova bouquet subscribers on the terrestrial and satellite television platforms respectively, renew their normal monthly bouquets and top up Ksh. 150 to access Nicklodeon, Toonami, ST Kids, Jim Jam, Da Vinci, Baby TV, Mindset Learn among other internationally acclaimed children channels. Speaking when he unveiled the policy, StarTimes Regional Marketing Director Mr Aldrine Nsubuga…

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Evans Amunga, a boda-boda rider based in Kibera,has won the grand prize in the just concluded JAZA RAHA NA SHELL, SHINDA NYUMBA promotion, a three-bedroomed house situated in Kitengela Almond Grove. The 32-year-old father of three lives with his family in a rented single room in Lindi, Kibera. He came to Nairobi in the year 2012 from Siaya County and is an employed bodaboda rider. He has been a bodaboda rider for the last eight years. “The news of winning the house has come as a good surprise and a shock as well. Indeed, it is a blessing that will…

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Kenya can increase its GDP by 20 to 30 percent by investing in women, closing the gender finance gap, and encouraging female-led entrepreneurship. According to the Kenya Private Sector Alliance (KEPSA), putting policies in place that encourage women entrepreneurs and expanding women’s access to capital and networks will help them realize their entrepreneurial dreams. Speaking during the launch of the inaugural Private Sector Gender Mainstreaming Policy on Thursday, March 24, 2022, KEPSA Chairperson Flora Mutahi said the policy, developed with support from the Mastercard Foundation, aims to offer guidance to companies and organizations seeking to optimize gender equality and women’s…

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