Author: Khusoko

Centum Investment Company Plc has appointed Wambua Kimeu as Group Finance Director taking over from Samuel Kariuki. Kariuki served as the Group Finance Director and Managing Director at Centum Real Estate. Prior to his appointment, Wambua served as the Chief Finance Officer of Almasi Beverages, a former subsidiary of Centum. He also recently joined Centum Capital Partners Limited as a Partner. He also served as finance director for leading companies such as Trans-Century Limited and Tanelec Limited in Tanzania.  Wambua also worked in the Assurance and Business Advisory Services department at PricewaterhouseCoopers (PwC) Kenya from 2004 to 2007. He holds…

The one thing that the Covid-19 pandemic has put to the test is our financial preparedness for uncertain times. Many people have suffered job losses and have had to come to terms with reduced income. The dependency rates in Kenya are at their highest level yet. And when you think about it, that is exactly how your retirement will be.  The question then is, how well are you planning for retirement? COVID-19 will eventually come to an end. Retirement, on the other hand, is inevitable. Traditionally, retirement meant the young, energetic and working population taking care of the older generation.…

Madhan Srinivasan, Tullow Kenya’s Asset Director has been appointed country managing director replacing Martin Mbogo. In a statement, Tullow said Dhir will take over as the company’s chief executive officer and executive director of the group ‘with immediate effect.’ “After 10 years of service, Martin Mbogo, currently the Managing Director Tullow Kenya will leave the company at the end of his contract on December 31 2020,” the company said in a statement. “We sincerely thank Martin for his contributions and achievements for Tullow and the Kenyan Oil & Gas sector in a challenging environment.” “These changes will allow Tullow to…

Huawei Kenya on Wednesday announced that a new batch of 60 Kenyan students have joined the 2020 seventh cohort of global Seeds for the Future program. The flagship program started globally in 2008 and has benefited almost 200 students in Kenya since 2014. ICT Cabinet Secretary Joe Mucheru and Chinese Ambassador Zhou Pingjian who attended the launch event virtually  commended Huawei for its contribution to developing ICT talent and supporting the development of Kenya’s Digital Economy. “Our government has made tremendous progress in digitization efforts. Recently the first phase of the National Data Center that is situated at the Konza…

Google has announced a commitment of Kshs 300 million in grants to support education, entrepreneurship, and women empowerment in Africa. According to Google, the grant is part of its support to help businesses, job seekers, and educational institutions recover and rebuild from the impact of the COVID-19 pandemic. As part of this commitment, Google will roll out multiple initiatives: Kshs 125 million grant to be given directly to reach 500 Kenyan women who lost their income due to COVID-19.  Through its digital hub, it will help 500,000 small businesses get online through Google My Business. This will put those businesses…

Fuel prices in Kenya declined marginally in September, according to the Energy and Petroleum Regulatory Authority (EPRA).  On Monday, EPRA announced KSh0.12 drop on a litre of diesel and KSh0.50 on a litre of kerosene. However, the prices of a litre of super petrol went up by KSh1.48. EPRA attributed the price difference to the cost of imported diesel which decreased by 1.02 per cent from $333.27 per cubic metre to $329.88 per cubic metre. In comparison, that of kerosene decreased by 2.06 per cent from $288.01 per cubic metre to $282.09 per cubic metre. For petrol, the increase resulted…