Author: David Indeje

Kenya Breweries Limited has enrolled 10 women into its new Commercial Graduate Program aimed at bridging the gender gap within its commercial department from the current 33% to 50% by the year  2025. The programme, a collaboration between Commercial and Human Resource – Commercial & Marketing will also create a pipeline of future commercial leaders within the business. KBL Commercial Director, Joel Kamau, said that developing inclusive leadership skills at KBL has become more important than ever before. “Across our business, we are investing in a variety of ways to help our people identify potential blind spots and biases, deepen…

After living with the pandemic for a year, many questions and uncertainties remain among Kenyans, with the youth ‘extremely concerned’. This is according to May GeoPoll’s latest pan-African poll showing Kenyans are more worried than ever about the financial impact of Covid-19 and the accompanying restrictions. With 79 per cent of Kenyans reporting their incomes have declined since January 2021, the country reported the most widespread income declines of any of six Sub-Saharan nations polled by GeoPoll from March 24th to April 12th this year. Some 64 per cent of the 2,400 respondents in South Africa, Nigeria, Ivory Coast, Democratic…

Safaricom Plc led consortium that includes its parent firms Vodafone and Vodacom, British development finance agency CDC Group and Japan’s Sumitomo Corporation has been given a licence to operate in Ethiopia. This is after submitting a financial bid of $850 million (KSh91.8 billion) the Ethiopian government announced on Saturday. The Ethiopian government disclosed that it had received 2 offers, the other was from MTN from Johannesburg, and partners including the Silk Road Fund, a Chinese state investment group. Safaricom had said if it was to be successful, it will continue focusing on M-Pesa, and data business in the Ethiopian market.…

To have a conducive operating environment for effective public accountability, there is an urgent need for a ‘comprehensive whistleblower law’, said Wakesho Kililo, the Program Officer, Policy, Legal and Institutional Framework at Transparency International Kenya. Wakesho said besides the existence of the legal and institutional instruments in Kenya, non has offered comprehensive protection to whistleblowers. As a result, Kenyans have kept away from reporting corruption because many feel that nothing will be done even if they reported, for fear of victimization or because they did not know where to report.  This is besides the country having a Witness Protection Agency.  …

Absa Bank Kenya’s quarterly profit increased by 23.7 per cent, on the back of growth in net interest income and end of separation costs from Barclays Plc. The lender’s Net profit for three months to March 2021 hit KSh2.42 billion from KSh1.95 billion in a similar period last year. According to its unaudited financial results released Friday, net interest income rose by six per cent to KSh5.96 billion in line with increased lending as the loan book expanded by 7.5 per cent to KSh218.3 billion. Other Highlights  Earnings per Share (EPS) increased to Ksh.0.45 from Ksh.0.36 over the same period…

Strengthening its presence in Nairobi, highly liquid Naivas Supermarket market, announced to open a food market at Greenspan Mall in Donholm. We are delighted at the prospect of opening a food market in Greenspan Mall as it offers us an opportunity to provide Eastlands shoppers the Naivas food market experience,” said Mr Kimani in a statement seen by Khusoko. Covering 57,000 square feet, Naivas will focus on fresh produce, electronics and general merchandise. “We have not had this store format in the greater area, which has been a long-standing request by our shoppers. We are finally able to fulfil this…