Author: David Indeje

Tusker Malt on Tuesday marked 23 years since it was launched in the Kenyan market by unveiling a new look of its 330ml bottle as a way of renewing its commitment to its consumers. The new bottle demonstrates both external and internal signs of superior quality as the beer is more refined following an optimized production process. In addition, the iconic 330ml green bottle will now be embossed with the name Tusker into all four sides rather than the current paper label. “This has been a particularly exciting and fulfilling year for us since our strategy has been driven by…

Scope Market, a non-dealing online foreign exchange broker, on Tuesday launched it’s Mt5 trading platform. The dealer who is licensed and regulates by the Capital Markets Authority said it aims to provide a safer, smarter and faster way to trade global and local shares, forex, indices and commodities. Scope Markets chief executive Kevin Nganga who will lead the Kenyan subsidiary said his vision is to build a business that is customer centric. “To do this, Scope Markets Kenya has invested in staff training, technology, working with globally recognised price providers and local payment options such as Mpesa.” “We want to…

It has five stores in Nairobi. Yaya Center, the Westgate Mall, The Junction Mall, Karen Shopping Centre, and Serenity Spa in Thigiri.

Directors at WPP Scangroup (NSE:SCAN) have approved the sale of 100% of its shareholding in Millward Brown’s Nigeria, West Africa, and East African business as part of its new strategy, selling Global Kantar Group, a Data, insights and consulting,  to Bain Capital Group. Funds raised from the sale will be used in expansion and capital needs with 40% of the proceeds being paid out as a special dividend to shareholders. “The sale will realize approximately KSh 5 billion after estimated tax and costs. The consideration has been arrived at under a global competitive auction process carried out by WPP Plc,”…

Banks and  micro-finance institutions paid Kenya Revenue Authority KSh 207.2 billion in 2017 and 2018 Kenya Bankers overwhelmingly think the current tax policy is not supportive of the industry according to the latest state of the banking industry report. The study by PricewaterhouseCoopers (PwC) revealed that a majority of the bankers feel excluded from the tax policy setting where 81.1% of the survey participants either disagreed or strongly disagreed with the statement that there is predictability in the process of making changes to the tax framework and inclusion of industry stakeholders in the process. “This lack of engagement of the…

The quality of education and training provided by African countries has worsened since 2014, leaving many of the continent’s growing population of young people ill-prepared to enter the job market, according to the Ibrahim Index of African Governance (IIAG). The report found out that on average enrolment and access to education were particularly low in the tertiary sector. “This has resulted in the burgeoning youth population being faced with increasing struggles when entering the job market,” researchers at the Mo Ibrahim Foundation write. The full biennial report judging security, human rights, economic stability, just laws, free elections, corruption, poverty, infrastructure…