Author: Muindi

NCBA Bank has solidified its presence in Kiambu County by opening new branches in Githunguri and Limuru. The Githunguri branch is located near K-Unity, while the Limuru branch can be found at Mumbi House, adjacent to Farmer’s Choice. These expansions come shortly after the bank’s significant decision to eliminate all monthly fees for retail banking accounts, effective July 1, 2024. “Our branches in Limuru and Githunguri are strategic additions to our ongoing expansion plan,” said NCBA in a statement. “We are committed to providing exceptional customer service at every touchpoint.” Susan Gatwiri, Kiambu County’s CEC for Trade, Industrialization, Tourism, and…

Absa Bank Kenya Plc posted a robust financial performance for the first half of 2024, with Profit After Tax (PAT) surging by 28.9% to Kshs 10.7 billion compared to Kshs 8.3 billion in the same period last year. The bank’s net interest income increased by 19.7% to Kshs 23.0 billion, while net non-interest income rose by 8.4% to Kshs 8.8 billion. These positive developments were offset by a modest 8.3% increase in total operating expenses, primarily driven by higher staff costs and other operating expenses.  “This commendable outcome realized amidst a challenging macro-economic environment, underscores the efficacy of the Bank’s…

China Square, a leading international retailer, has opened its fourth store in Kenya, located at Nyali Bazaar Mall in Mombasa County. The new store offers a wide range of affordable products, including appliances, furniture, stationery, and home decor. This expansion marks China Square’s continued growth in the Kenyan market. The new store is expected to create job opportunities and stimulate economic activity in the Nyali area. “Additionally, the entry of a large retailer like China Square may drive up demand for retail spaces in the area as smaller businesses seek to establish nearby to tap into the increased foot traffic…

The National Research Fund (NRF) has announced the recipients of the inaugural National Outstanding Research Awards at the closing ceremony of the Kenya National Research Festival 2024. Winners of the National Outstanding Research Awards Professor Mary Abukutsa-Onyango: Recognized for her work in agricultural sciences, focusing on indigenous vegetables and plants. Dr. Oscar Omondi Donde: Honored for his contributions to environmental sustainability, particularly water resource management and ecosystem health. Christine Wayua Musyimi: Celebrated for her innovative research in community mental health. Eng. Aggrey Shitsukane Shisiali: Acknowledged for his expertise in electrical and electronics engineering and TVET. Lifetime Research Awards Professor David…

Safaricom Investment Co-operative (SIC) has received approval from the Ministry of Cooperatives and MSMEs to adopt a new brand identity. This strategic move aims to enhance the Society’s operations and align with evolving market trends. The rebranding was approved by SIC members during a Special General Meeting as part of the Society’s 2023-2027 strategic plan. According to SIC Chief Executive Officer Churchill Winstones, the rebranding will provide a more modern and consistent experience for members. “This rebranding is a significant step in our journey to position SIC for future success. We are excited to introduce our new brand identity and…

Human Mobile Devices (HMD) has announced a new three-year partnership with FC Barcelona, one of the world’s most prestigious football clubs. The announcement was unveiled through a creative social media video on HMD and FC Barcelona’s channels. The video showcases FC Barcelona star Lamine Yamal sporting an intricate hairstyle featuring the club’s crest alongside the HMD logo, shaved by his hairdresser Saul Peregrina. This two-hour masterpiece symbolizes the new partnership and offers a glimpse of the sleek Blue Topaz HMD Skyline smartphone, highlighting both brands’ commitment to innovation and style. Building Brand Awareness Through a Global Sports Giant This partnership…