StarTimes Media will expand local content production in the East African region with an additional investment of Ksh 200 million. This will bring its spending on local content to over Ksh 400 million. The company’s services are available in over ten African countries, including Kenya, Nigeria, Tanzania, Uganda, Rwanda, Burundi, and Sudan, as well as two broadcasting centres in Dar es Salaam and Abuja. “Our premium local drama – NIA being the first local production investment this year, will set the tone on our commitment to quality local entertainment for our subscribers. We are looking forward to increasingly growing our…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Moody’s Investors Service in early February assigned, for the first time, a stable rating to the Kenyan banking sector. “…on expectations that a recovering economy will enable banks’ loan quality and profitability to rebound from weakened levels, while capital, funding and liquidity will remain strong,” Moody’s said in a statement. However, besides loans as the min credit challenge facing Kenyan banks, the agency noted that non-performing loans (NPL) will decline in the next 12 to 18 months. The Central Bank of Kenya shows that the banking sector posted an impressive performance in the eleven months to November 2021. During the…
Chicken Cottage Limited, a UK-based fast-food chain is now aiming to tap into Hass Petroleum Group’s market to increase footprints in Kenya. The chain plans to open 50 outlets at Hass Petroleum’s service stations in Kenya and the rest of East Africa beginning April it said in an emailed statement. The expansion is through a franchise deal with Express Kitchen, a subsidiary of AAH Limited, the majority shareholder of Hass Petroleum Group. Hass Petroleum Group operates 150 petrol stations in ten African countries. “We are delighted to be partnering with Express Kitchen Ltd and their experienced team to bring our…
Finnish development financier Finnfund plans to set up its first regional office in Kenya in May 2022. The 2-3 investment professionals will be deployed to the Nairobi office. “Africa is the place to be for European development financiers. It is a continent where jobs and investments are very much needed, and at the same time, it is the new frontier, where opportunities are abound, and life is getting better for millions of people. Some of our best and most impactful investments are in East Africa, and we intend to make many more such investments in the coming years,” says Jaakko…
The 10th Edition of the East African Classic Safari Rally 2022 kicked off Thursday with American rally driver Ken Block finishing first on the podium. A professional rally driver with the Hoonigan Racing Division was being navigated by Alex Gelsomino in a Porsche 911 and clocked a time of 02:35:52.7. Austrian driver Kris came in second. He is being navigated by Nicola Bleicher on a Porsche 911. Kenya’s Baldev Chager navigated by Ravi Soni on another Porsche 911 finished in the third position in a time of 02:38:52.0. The total distance covered by the 46 drivers flagged off was 496km,…
Tala, a digital lending firm, has announced a new credit option that empowers its borrowers gives to choose a loan repayment date that best matches their income cycle or salary pay date. Dubbed ‘Jichagulie Due Date’ borrowers can pay in full or make partial payments; anytime on or before their due date. However, customers who make timely payments earn more favourable terms over time, including doubling and tripling their loan limits within just a few months. “This new flexible credit option will give borrowers the power to choose the due date that works best for them, not Tala,” Ms Annstella…