Category: Business News

September 5, 2019 0

Abbott expands presence in Africa with opening of East Africa HQs in Kenya

By mykenyancareers

NAIROBI, Kenya, Sept 5 — Abbott, a leading global healthcare company, announced Thursday the opening of its second office in sub-Saharan Africa at The Watermark – Nairobi Garage Business Park. The new office will function as the headquarters for the company’s operations in East Africa and is intended to support expanded growth opportunities for Abbott, … Continue reading “Abbott expands presence in Africa with opening of East Africa HQs in Kenya”

September 5, 2019 0

Tenants find relief as rents in upmarket locations fall

By mykenyancareers

NAIROBI, Kenya, Sep 5- If you have ever wanted to live in Kileleshwa, Lavington, Loresha or Westlands, but high rent rates were hindering you, the time could be now. A study by Knight Frank reveals that rent rates in the areas reduced in the first half of 2019 owing to an oversupply of high-end developments … Continue reading “Tenants find relief as rents in upmarket locations fall”

September 5, 2019 0

Kenya Power commits Sh700 Million for renewable energy in off-grid stations

By mykenyancareers

NAIROBI, Kenya, Sept 5 – Kenya Power has committed a budget of Sh700 million to develop hybrid power generation systems to enhance power supply reliability and reduce dependence on thermal energy for off-grid areas. The project covers 23 mini grids that have been set aside for hybridization with renewable energy mainly using solar and to … Continue reading “Kenya Power commits Sh700 Million for renewable energy in off-grid stations”

September 5, 2019 0

HF Group introduced WhatsApp Banking

By mykenyancareers

NAIROBI, Kenya, Sept 5 – HF Group has launched the HF WhatsApp banking solution to offer customized mobile banking services to its customers, effectively becoming the first bank in the region to commercially go live with this product. The company has partnered with Infobip, the global cloud communication company for businesses and Wayawaya, Kocela and … Continue reading “HF Group introduced WhatsApp Banking”

September 5, 2019 0

Equity global scholars hit 519, to access Sh12bn sponsorship program

By mykenyancareers

NAIROBI, Kenya, Sept 5 – Fifty six Equity Leaders Program (ELP) scholars have been admitted to various top tier universities this year, bringing the total number of scholars studying or are alumni of top global universities to 519, sponsored at a cumulative value Sh12 Billion or US$120 million.  Of this year’s 56 admissions, 17 are … Continue reading “Equity global scholars hit 519, to access Sh12bn sponsorship program”

September 4, 2019 0

Trade, infrastructure top agenda as Uhuru meets special envoy from China

By mykenyancareers

NAIROBI, Kenya Aug 4 – President Uhuru Kenyatta today at State House, Nairobi, held talks on trade and infrastructure with a special envoy sent by President Xi Jinping of China. The President and the special representative, Mr Yang Jiechi, who is also a senior official of the Communist Party of China, discussed the bilateral ties … Continue reading “Trade, infrastructure top agenda as Uhuru meets special envoy from China”

September 4, 2019 0

Pay us Sh1.3bn in debt, then merge; Safaricom tells Airtel, Telkom

By mykenyancareers

NAIROBI, Kenya, Sep 4 – Safaricom now says it is not opposed to the pending merger between Airtel Kenya and Telkom, a day after Telkom Kenya Chief Executive Mugo Kibati asked the telco to stop interfering with the merger, saying it was causing delays.  Interim Chief Executive Michael Joseph says Safaricom only wants a revision of … Continue reading “Pay us Sh1.3bn in debt, then merge; Safaricom tells Airtel, Telkom”

September 4, 2019 0

Safaricom’s real estate arm to launch project off Kiambu-Ruiru bypass

By mykenyancareers

NAIROBI, Kenya, Sep 3 – Safaricom real estate arm Safaricom Investment Cooperative (SIC) is set to launch a new real estate project dubbed called Zaria Village which will be built off Kiambu-Ruiru bypass. The project consists of 331-quarter acre serviced plots which will be retailing at Sh6.95 million per plot and with flexible payment plans … Continue reading “Safaricom’s real estate arm to launch project off Kiambu-Ruiru bypass”

September 4, 2019 0

EU makes 780 mn euros available in emergency funding for Brexit

By mykenyancareers

BRUSSELS, Belgium, Sept 4 – The European Union is freeing up 780 million euros ($860 million) in emergency funds to cope with the impact of a possible no-deal Brexit on member states, officials said Wednesday. Most of the money – nearly 600 million euros – is to come from a disaster fund called the Emergency … Continue reading “EU makes 780 mn euros available in emergency funding for Brexit”

September 4, 2019 0

Insurance Firms must embrace technology to capture the Kenyan market – Opinion

By mykenyancareers

NAIROBI, Kenya, Sep 3 – Even as mobile penetration continue to grow, the East Africa region is still sluggish in technology innovations especially in the insurance sector. The region is considered as Africa’s Silicon Savannah with a high mobile penetration, home grown digital financial innovations like M-PESA that is now being exported in other countries … Continue reading “Insurance Firms must embrace technology to capture the Kenyan market – Opinion”