Author: Korir Issa

I&M Holdings has registered a 2.4 percent rise in net profit for the year ended December 2021, supported by interest income from loans and investment in government securities. However, the growth was impeded by a 40.5 percent increase in operating expenses at Ksh 17.7 billion. The Group’s net profit witnessed marginally rose by 2.4 percent from Ksh.8.4 billion to Ksh.8.6 billion. The bank has recommended a 33.3 percent rise in dividend payout to KSh1.50 dividend per share or an aggregate of KSh2.48 billion compared to KSh1.125 per share and KSh1.86 billion in 2020. “2021, being the second year of the…

A growing need to increase its geographical footprint has prompted Eat’N’Go limited, the largest Domino’s Pizza and Cold Stone Creamery franchise in Africa to chalk out aggressive expansion plans. The company owns 18 branches in Kenya and plans to set up more stores by end of 2022 and within the East African region. The restaurant plans to open new stores in Eldoret, Kisumu, Nakuru, and Nanyuki. “There is a higher consumer span in Kenya. The strength and growth of the middle class here is a good opportunity for our business to grow. Nigeria only offers the population,” the Managing Director…

The first phase of the ultra-modern Jamhuri Sports Ground was opened on Friday 25 March 2022 by President Uhuru Kenyatta. The sports complex located in Woodley, Nairobi, consists of three football grounds, a rugby pitch, and two running tracks. Speaking at the opening ceremony, President Kenyatta said, “This place is 100 percent free of charge. You will not be required to pay any money to use it.” https://twitter.com/StateHouseKenya/status/1507383816255647746?s=20&t=v-l4yvA6BmJ5OpSSvugq3w As part of the opening ceremony, the President, accompanied by Sports Cabinet Secretary Amb. Amina Mohammed, watched football and rugby exhibition matches pitting Harambee Stars veterans vs a combined team of Kibera…

Nyanza Golf Club will play host to the fourth leg of the Safaricom Golf Tour Saturday. The 9-hole event will feature corporate and junior tournaments on Saturday and Sunday as well as a caddies’ contest on Monday. “We have realized that most of our caddies are very skillful and they only need an opportunity to play. We believe that our caddies can be the best golfers in the country as has been proven by the likes of former caddie David Wakhu, one of the most renowned Kenyan pros. This is why we have decided to have a caddies’ tournament on some…

In East Africa, Uganda is the happiest, Rwanda is unhappy, and Kenya is the unhappiest nation. This is according to the World Happiness Report published by the UN Sustainable Development Solutions Network. The report said that Ugandans were the happiest people in the East African region two places ahead of Kenya at number 117. Rwanda was ranked the most unhappy country in the six-nation East African Community bloc and fourth-worst globally ahead of Zimbabwe, Lebanon, and Afghanistan (the unhappiest in the world). Tanzania is ranked at number 139 out of the 146 countries globally, while Ethiopia is at position 131.…

SC Shilingi Funds is a Standard Chartered Bank product ideal for anyone looking for an investment that aligns with their short-term financial goals. With