Author: Khusoko

Branch International Inc, a fintech startup that assesses creditworthiness using smartphone data, has received regulator approval to acquire an 84.89% stake in Century Microfinance Bank Limited.  The Competition Authority in a Gazette notice authorized the proposed transaction. However, the transaction is on condition that  Branch and Century Microfinance Bank will each maintain the terms agreed with the borrowers in respect of all loans existing in their loan books at the time of the acquisition. “The Acquirer and the Target will each retain their existing performing and non-performing loans in accordance with their terms up to and until the expiry of…

The late Ronald Gideon Ngala is going to be honoured with a life-size bronze sculpture to be erected in the Nairobi Business District (CBD). Cabinet Secretary for Sports and Culture Amina Mohammed says in a Gazette Notice the site was found to have historical value and would be protected. “In exercise of the powers conferred by Section 25 (1) (d) of the National Museums and Heritage Act, the Cabinet Secretary for Sports, Culture, and Heritage declares the statue specified in the Schedule, which she considers being of historical interest, to be a monument within the meaning of the Act,” the…

The renovation and equipping of newborn and maternal high dependency units at the Kenyatta National Hospital branch in Othaya have been completed. The renovated units at a cost of Ksh 15 million, will see the capacity at the Newborn unit increase from 10 to 20 infants and the introduction of a 4-bed maternal high dependency unit (HDU). “Through these renovations, Safaricom Foundation aims to transform the lives of mothers and newborns in Nyeri and nearby areas through increasing access to quality health services. The revamped maternal and newborn units will see the reduction of maternal and infant mortality rates, encourage…

Last year, a Twitter user who sells water in her neighbourhood sought to venture into packaging the product and selling it – basically, the manufacture of bottled water. She, however, discovered that to do so, she will need to meet numerous requirements in form of licenses, permits and fees.  This is frustrating for business owners, especially small and medium enterprises (SMEs). It discourages start-ups, and for those up and running, gobbles up a large share of operating fees, thus driving up the cost of doing business.  Naturally, regulations are a prerequisite for any nation or institution. When effectively implemented, they create an enabling environment for competitiveness by enforcing fair business practices, driving equal opportunity and inclusive…

Showmax was the first over-the-top platform in Africa to offer sports, local content, live stream news and FTA channels on the Showmax Pro service. In addition, customers on Showmax get the best of HBO as well as numerous award-winning movies, series and kids’ shows from international distributors. Here’s what you get on Showmax and how to make the most of it. Add Showmax to your DStv bill: With the Showmax add to bill functionality available on the MyDStv App, DStv customers can now add Showmax to their active DStv account, making it easy for customers to access and pay for…

HF Group PLC, a multi-dimensional financial services provider, on Friday said its three directors, Ms Gladys Karuri, Dr Kaushik Manek, and Mr Adan Mohammed, will step down from its board on 28th May 2021. Gladys joined the HF Group board in 2016. She is currently the Group Finance & Strategy Director in Britam. Dr. Kaushik Manek was appointed as a Non-Executive Director of HF Group Limited effective 26th June 2015. Adan joined the board on 15th October 2012. The Group will hold its Annual General Meeting of virtually on Friday 28th May 2021 at 12.00 noon. The Group is listed…