President Uhuru Kenyatta has appointed Safaricom Chief Executive Officer Bob Collymore and Kenya Commercial Bank (KCB) Group Joshua Oigara to the Vision 2030 Delivery Board. In a gazette notice President Kenyatta also appointed four others – Julianna Rotich, Rita Kavashe, Nick Nesbitt, Muchai Kunyiha – to the board alongside the two. The appointment of the six took effect on December 14, 2018, and will run for a period of three years.
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
This year, reports and news articles have been awash with stories of a dysfunctional EAC bloc stagnated and in near-crumbling state. While many countries and regional economic blocs in the world are continuously making efforts to remove barriers within their relative geographical areas, the EAC partner states seem to be heading in the opposite direction. This has hindered the movement of people and goods, which is an essential element for the economic prosperity in any country. The World Bank Group has stated that countries, which open themselves up to international trade, tend to grow faster, innovate more, improve productivity and…
Head of Public Service Joseph Kinyua on Thursday directed the demolitions of property be stopped immediately until further notice. “It is notified for the General Information of the Public that the Government has forthwith directed the immediate suspension of all demolition of properties in all parts of the Country until further notice,” Mr Kinyua said in a short statement. “Further guidance will be issued following consultations with all relevant State agencies and stakeholders.” In August, the government begun the process of bringing down about 1,437 condemned residential buildings based on audit reports by the National Buildings Chief Quantity Surveyor…
Western Kenya residents can look forward to a hassle-free journey this festive season as Safarilink has added an extra flight at low fares on the Kisumu route. “Due to high demand, we have added a third flight to Kisumu on Friday 21st December at 7:30am and Saturday 22nd December at 10:45am. Direct from Wilson Airport,” announced the low-cost carrier on its Social feed. Besides, it has announced the fixed low fares for one-way trips as low as Ksh 3500. https://twitter.com/Flysafarilink/status/1075055196819079168 In September, Safarilink launched twice-daily flights to Kisumu. “Our Kisumu service will allow passengers a convenient immediate connection to all…
The Capital Markets Authority (CMA Kenya) has granted a licence to Standard Investment Bank to operate in the online foreign exchange trading space. “As a money manager, SIB is licensed to choose and manage investments prudently for its online forex trading clients and develop appropriate investments strategy. SIB will also communicate client’s buy and sell order positions through a licensed online forex trading broker, to meet client’s investment goals. The money manager will conduct financial analysis and monitor foreign exchange portfolio investments on behalf of its clients,” CMA Chief Executive Paul Muthaura said. SIB becomes the second company in Kenya…
Housing Finance Group appointed Robert Kibaara as its new chief executive on Tuesday. Kibaara’s appointment ends Frank Ireri’s 13 years of being at the position. The former NIC Bank Director for Retail Banking will now provide strategic leadership and oversight of the Group’s turnaround strategy. “He is a seasoned career banker and business executive with an accomplishment in successfully driving change, revenue mobilisation and delivering outstanding business results,” said Steve Mainda, HF Group Chairman. “The appointment of Mr Kibaara marks a critical milestone for the group as it comes at a time when HF has embarked on a new turnaround…