Author: David Indeje

East African Breweries Limited (EABL) has launched its apprenticeship programme for female university students across East Africa. The programme will focus on students taking courses in Science, Technology, Engineering and Mathematics (STEM). Commenting on the programme, KBL Managing Director Mrs. Jane Karuku said EABL was engaging the gear in elevating and empowering female talent because the company acknowledges that a diverse culture is intrinsic to the success the business. “At EABL, we are always striving towards achieving gender balance by making deliberate decisions that are aimed at that. Last year, women constituted a third of our workforce here and I…

Afrobarometer, a pan-African, non-partisan research network finds that Africa’s young adults and highly educated citizens are most likely to consider leaving their country. “On average, more than half (51%) of all respondents with postsecondary educational qualifications say they have given at least “a little” consideration to emigrating, including one in four (24%) who have considered it “a lot.” By comparison, potential emigrants make up 43% and 29% of respondents with secondary and primary schooling, respectively, and 24% of those with no formal education.” Afrobarometer’s latest findings in the Pan-Africa Profiles report on migration relies on data from 45,823 interviews completed…

Kenya’s listed retailer, Uchumi Supermarket Ltd (NSE: UCHM) has agreed with its Board of Directors the restructuring of its debt by way of company voluntary arrangement. The Board approved a company voluntary arrangement in a meeting held on 20 March 2019 with John Karani, the Chairman in a public announcement saying the retailer needed to “De-leverage the business to reduce financial strain, improve liquidity and achieve operational normalcy.” The Board said the arrangement is subject to the approval at a meeting with the creditors to be convened in April – within 30 days from March 20 March 2019. “The creditors’…

The Government has formed a Task Force on National Risk Assessment on Money Laundering and Terrorism Financing (Task Force) to facilitate the conduct of Kenya’s National Risk Assessment on Money Laundering and Terrorism Financing. Henry Rotich, Treasury Cabinet Secretary said in a gazette notice dated 22nd March 2019. “The Financial Reporting Centre and the Bank Supervision Department of the Central Bank of Kenya shall be joint Secretaries of the Taskforce and the Secretariat will be based at the Financial Reporting Centre,” said Rotich. The team will be comprised of 30 institutions and departments, including the Capital Markets Authority, Kenya Bankers…

Afrobarometer, a pan-African research network that conducts public attitude surveys on democracy, governance, economic conditions in Africa, will release its report on the most popular destinations among potential migrants in Africa on Tuesday. The report will be based on data from 34 countries. “The most popular destination among potential migrants in Africa is neither Europe nor America,” said Afrobarometer on its Tweeter feed ahead of the report launch. https://twitter.com/afrobarometer/status/1105706077860085760 Data from the United Nations project that by 2050, it is projected that one in every four humans will be African as the continent doubles its population, accounting for more than…

The Kenya Urban Roads Authority (KURA) is planning Ngong Road Phase 1 maintenance between China Centre and Prestige plaza this week running through April. KURA says during the process, city motorists will expect traffic disruption along the Ngong Road lasting approximately 10 days from March 25 to April 5. “This is occasioned by some minor works to rectify defects and improve the section. Diversion lanes will be provided for traffic use,” explained Kura. “Diversion lanes will be provided for use,” the notice said. https://twitter.com/KURAroads/status/1109064876885008384 Currently, Japanese construction firm, World Kaihatsu Kogyo (WKK) is continuing with the expansion of Ngong Road Phase…