Author: David Indeje

NCBA Group Plc, Tuesday reported a net profit of Ksh 2.84 billion for the quarter ending March 31, 2021  on account of higher non-interest income.  In the same period in FY20, the lender had posted Ksh 1.6 billion. NCBA Group Managing Director, John Gachora said the results reflect strong underlying performance across all areas of the business and a slowly improving economy. “We view 2021, as our transition year following the finalization of the merger and consolidation of all entities, systems and processes of CBA Group and NIC Group across the region in 2020. With the conclusion of this phase,…

Safaricom will seek shareholders’ nod on July 30 during its Annual General Meeting on the creation of subsidiaries in a series of companies formed for entry into Ethiopia’s telecoms market. The Ethiopian government announced that a new telecommunications license had been awarded to the Global Partnership for Ethiopia –  a consortium comprising Safaricom PLC, Vodacom Group, Vodafone Group, the United Kingdom’s development finance institution CDC Group plc, the Japanese-owned Sumitomo Corporation, and the Development Finance Corporation. In a public notice issued Tuesday, the 15-year license does not include the right to operate mobile money with the right to apply for…

Microwave technology, over the years, has become an integral part of our lives. These days, anyone with an instantaneous indulgence utilizes a countertop microwave to quickly prepare a tasty and healthy meal cooked efficiently in the shortest time possible. However, with their various capacities, choosing the right one is often a daunting task. There are several types of microwave ovens available on the market today. Far from the conventional microwave ovens, others include Grill Microwave Ovens, Convection Microwave Ovens, and Oven Toaster Grills (OTG). While the basic function of owning a microwave is mainly to reheat food that may have…

The Central Bank of Kenya (CBK)  is expected to leave policy interest rate unchanged at 7.00% per cent when it meets Wednesday according to NCBA Market Research. The regulator’s Monetary Policy Committee (MPC) will maintain an accommodative stance against a backdrop of stable inflation expectations. In addition to the improving albeit fragile economic growth prospects, NCBA notes in its Weekly Fixed Income Report published Monday. “While the policy body may hold the CBR at 7.00 per cent, the market will look out for any update on credit markets especially on treatment of potential credit risks from the persistent uncertainty and…

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…