Author: Muindi

Land prices in Nairobi suburbs experienced a modest quarter-on-quarter (q/q) increase of 1.3% compared to Q1’2023, according to Hass Consult’s Land Price Index report. This represents a more significant rise on a year-on-year (y/y) basis, at 5.0%, compared to 1.4% in Q1 2023.  Similarly, Nairobi’s satellite towns saw more robust y/y growth of 11.2% compared to 8.1% in Q1 2023, with q/q prices rising 3.0%.  Ms Sakina Hassanali, Head of Development, Consulting and Research at Hass Consult, says the continued market improvement suggests the sector’s resilience, fueled by demand for land in areas supporting the rapidly growing urban towns and…

The fifth edition of the Eldoret City Marathon, held on Sunday in Eldoret, Uasin Gishu County, witnessed dominant performances from Victor Rotich Kipchirchir and Emily Jepkemoi. Rotich successfully defended his title for the third consecutive year. He clocked a time of 2:12:49 in the men’s 42-kilometer race, edging out close competition from Felix Kipsang (2:12:52) and Evans Kipruto (2:13:16), who secured second and third place, respectively. Rotich attributed his success to God’s grace, rigorous training, and strategic pacing. “This race holds immense value for me, as it has transformed my life in a bigger way. Winning on home ground fills…

Diamond Trust Bank (DTB) is rapidly expanding its branch network in Kenya. Four new branches have opened, and three more are planned for April. DTB’s total Kenyan presence has expanded to 87 branches, catering to customers in growing towns and busy areas of Nairobi. Newly opened branches are Gikomba, Tom Mboya, Global Trade Centre (Nairobi), and Bomet Town. Those planned for opening are in Nanyuki, Karatina, and Nyahururu. DTB opened 18 branches in 2023. DTB CEO Nasim Devji emphasizes the bank’s commitment to providing exceptional customer service and convenience. “With these new branches, we’re reaffirming our commitment to being a…

Liberty Kenya Holdings PLC’s net earnings surged 152% to KSh 671.9 million in 2023, compared to KSh 267.7 million in 2022. According to the financial reports, its basic earnings per share jumped 193% to KSh 1.22, reflecting improved insurance services. The groups’ insurance revenue grew 12% to KSh 13.8 billion in 2023, up from KSh 12.3 billion in 2022. The Group’s balance sheet expanded 9% to KSh 43.8 billion in 2023, compared to KSh 40.1 billion in 2022. However, the weakening Kenyan Shilling increased insurance expenses, particularly for imported car parts, medicine, and medical equipment. Liberty Kenya Holdings Plc’s FY’2023…

Ugandan ride-hailing app SafeBoda is now offering an “Electric Boda” option alongside its traditional motorbike taxis.  “Transitioning to electric motorcycles isn’t just a technological shift; it’s a testament to our vision for a cleaner, greener, and more inclusive future,” says Catherine Tulina Kafumbe, Uganda Country Director of SafeBoda. This eco-friendly service is priced competitively with regular rides to encourage customers who prioritize green transportation. EV bikes available on @SafeBoda in Kampala ! 🤩⚡️⚡️🌳 pic.twitter.com/2vgFO0LXYc — nih (@anitanaluzze) April 18, 2024 Ordering an electric boda follows the same familiar process as booking a regular ride through the SafeBoda app. This initiative comes after…

The Communications Authority of Kenya (CA) has launched the 7th edition of the Kuza Awards, now known as the Kuza ICT Awards. This year’s awards aim to recognize and promote excellence across the ICT sector, not just broadcasting, with the theme “Innovation for a sustainable digital future.” Introducing the new face of excellence in ICT – the Kuza ICT Awards logo has been unveiled! #KuzaICTAwards2024@CA_DGOfficial @Mugonyid pic.twitter.com/ydrB9yHt6C — Communications Authority of Kenya (CA) (@CA_Kenya) April 17, 2024 New Awards Categories Reflect Industry Growth Based on consumer and industry stakeholder feedback, the Kuza ICT Awards have expanded their scope.   A new…