Author: Muindi

The Co-operative Bank of Kenya plans to open 15 new branches in 2024 to reach underserved areas and cater to customers who prefer in-person banking.  This expansion comes even as digital banking services gain popularity. The Co-operative Bank of Kenya aims to bridge the gap for customers who prefer face-to-face banking experiences despite a growing preference for digital options. William Ndumia, the director of retail and business banking, said, “When we look at our mission and vision, we want to be dominant in this market, and there are some areas we have not gone into. There are even counties where…

Kenyan media organisations are up in arms against a government directive forcing all state advertising on the state-controlled Kenya Broadcasting Corporation (KBC). The Kenya Media Sector Working Group (KMSWG) condemns the move as a blatant violation of the Constitution and a threat to media freedom. “These directives are not merely misguided– they are a blatant assault on the foundations of a free and democratic society. They violate the principles of media freedom enshrined in Kenya’s Constitution, undermine free market principles, and create a hostile environment for media investment. As the united voice of Kenya’s independent media, we condemn these actions…

Global technology leader Epson announces the launch of its WorkForce Enterprise AM-C printer series in Kenya.  AM-C printer series caters to modern offices seeking sustainable, high-performance printing solutions. Sustainable Printing with Breakthrough Technology Epson East and West Africa Regional Head Mukesh Bector emphasizes the AM-C series’ design and functionality.  Its compact size, modular configuration, and low energy consumption all address the needs of organizations striving for operational efficiency and environmental responsibility. The critical differentiator is Epson’s proprietary heat-free printing technology.  This innovation eliminates the need for heat during printing, a significant energy drain in traditional laser printers. “This technology offers…

Safaricom PLC has launched a new initiative called “Grow with Safaricom Business” to support Micro, Small and Medium Enterprises (MSMEs) in Kenya.  This program aims to equip MSMEs with the knowledge and tools they need to thrive in the digital age. “We recognize the critical role MSMEs play in Kenya’s economic development,” said Cynthia Kropac, Chief Enterprise Business Officer at Safaricom. “Through ‘Grow with Safaricom Business,’ we aim to empower MSMEs with the skills and knowledge to overcome challenges and accelerate their growth.” In addition to educational sessions, the forum will provide ample networking opportunities for MSMEs to connect with…

East African Cables Plc has announced the planned sale of a 51% stake in its Tanzanian subsidiary, EAC (Tanzania) Limited, to Msufini (T) Limited. East African Cables said the strategic move would benefit its shareholders and the investing public who have entered into a share purchase agreement with Msufini (T) Limited on March 6, 2024, for the sale of 16.2 million ordinary shares with a par value of 10 Tanzania Shillings (USD 70,000), constituting 51 per cent of the issued share capital of EAC (Tanzania) Limited to Msufini. The company has four manufacturing facilities: two in Nairobi, Kenya, one in…

Britam General Insurance has partnered with AiCare Telematics to launch Motomatics, a new mileage-based car insurance program.  The scheme is available to drivers who travel less than 10,000 kilometres annually and maintain safe driving habits. The program caters to drivers who value flexibility, cost-efficiency, and technological convenience.  Motomatics aligns with Britam’s commitment to providing innovative solutions that meet customer needs and lifestyles. “Motomatic offers customers flexibility and cost efficiency, enabling them to access services that align with their lifestyles, especially within the motor insurance space that has seen minimal innovation,” said Tom Gitogo, Britam Group managing director and CEO. “The…