Author: Khusoko

Kenya’s Equity Group Holdings has seen an increase in the number transactions happening at its alternative channels accounting for over 62.6 per cent in value. Transaction value within its branches, accounting for only 37.4 per cent. According to data from the Bank’s full-year 2020 financial results,  digitization enabled 98 per cent of all the Group transactions to happen outside the branches with 85 per cent of the transactions being on self-service mobile and Internet banking and 12 per cent of the transactions happening on Agency and Merchant banking third party variable cost infrastructure. “Adoption of digital payments was accelerated with…

Canon Central & North Africa (CCNA) has appointed four new value business partners in key markets – and cementing its footprint across the region. This is to provide CCNA, a division within Canon Middle East FZ LLC (CME), a subsidiary of Canon Europe a strong network and deep market expertise in the continent. Ben Gossage Sales & Marketing B2B for Canon Central & North Africa says this is attributed to key findings from the first-ever Middle East and Africa study on the State of the Printing Industry – conducted by Canon in conjunction with print industry news leader ME Printer…

Family Bank Kenya has redeemed its five and half years (5 and ½ year) Medium Term Notes (MTN) worth Ksh 2.0188 Billion that was due on 19th April 2021.  As a result,  bondholders have been paid their principal together with the accrued interest of the final six months. The notes included Fixed Rate Notes with a 13.75 per cent coupon, Mixed Rate Notes with a 14.00 per cent coupon and Floating Rate Notes with a 182-day T-bill coupon rate plus 250 basis points. “We wish to thank the investors who participated in the medium-term note. The MTN which was issued…

Stori Yangu, the most in-depth and intimate profile documentary show in the region, is back for the 4th Season. Stori Yangu tells the stories of Kenyans who have contributed to society in different fields, from public service to business and even entertainment. The show speaks to the main subjects and gets the side of the story of those around them; parents, siblings, teachers, long-time colleagues, employers, and in some cases, competitors. The show brings to light the inspirational stories behind our most celebrated public figures, inspire generations to chase after their dreams tirelessly and entertain through the exciting stories shared.…

For decades, African women have been trapped in poverty cycles due to several underlying factors including unequal access to education, factors of production, and trade facilities; inequitable labour-saving technologies; underpaid or unpaid labour; harmful cultural practices; and limited legal protection from gender inequality practices entrenched in society. To break the cycle of poverty and inequalities, the African Union continues to advocate for the development and implementation of policies and legal; frameworks that will create a wider array of opportunities for women, and which will lead to their economic empowerment at the national and regional levels and ensuring that the development…

Kenya’s Capital Markets Authority (CMA) commenced its enforcement proceedings against former board members of Imperial Bank Limited (IBL) over oversight failure. In a statement, CMA said that the board members failed “to provide oversight in the preparation, approval and publication of the Information Memorandum for a Ksh2 billion medium-term note issue and on their failure to report the financial statements fraud to CMA and the investing public when it came to their knowledge on 21 September 2015, a day before the bond was allotted to the bondholders.” Efforts by CMA to undertake the IBL bond enforcement proceedings had been delayed…