Business - Nomad Press

23 Aug

Kenya Power Reminds Prepaid (Token) Customers To Update Their Meters Ahead of August 31st Deadline

Reporter0 CommentsBusinessKenya Power

A total of 5.64 million prepaid (token) electricity customers have heeded the call to update their meters ahead of the deadline that is set for 31st August, 2024. Kenya Power launched the Update Token Meter Yako Campaign in mid-June 2024, calling on all its prepaid (token) customers to update their meter software for free to continue enjoying access to electricity. The Company has issued a reminder to all prepaid customers who have not yet updated their meters to ensure that they comply by the set deadline to avoid service interruption. “So far, the exercise has achieved a good response, and…

23 Aug

KTB Partners With Kisumu County To Upskill Taxi Drivers In Service Delivery

Reporter0 CommentsBusinessKenya Tourism Board (KTB), Kisumu County

The Kenya Tourism Board (KTB) has partnered with Kisumu County to equip taxi drivers operating in the region with requisite skills and knowledge aimed at enhancing visitor experience. The intensive training program is part of KTB’s capacity building initiatives focusing on players in the tourism value chain, especially those that are the first point of contact for visitors when they arrive in the destination. Speaking on the initiative, KTB CEO June Chepkemei highlighted the critical importance of taxi drivers in enriching the overall tourist experience and showcasing the diversity of attractions in the country. "The journey between an airport or…

23 Aug

Inchcape Kenya Launches Financing Partnership with Safaricom Sacco

Reporter0 CommentsBusinessInchcape Kenya, Safaricom Sacco

Inchcape Kenya has announced an exciting new financing partnership with Safaricom Sacco, aimed at providing customers with enhanced accessibility to premium automotive brands. The official media launch, scheduled soon, will unveil the details of this strategic collaboration. Through this partnership, customers will be able to access 100% financing options at an attractive 1% monthly interest rate. This offer is available across all Inchcape brands, including BMW, Jaguar, Land Rover, and the newly introduced Changan. The collaboration between Inchcape Kenya and Safaricom Sacco underscores both organizations' commitment to making high-quality vehicles more accessible to the Kenyan market, providing flexible financing solutions…

21 Aug

CS Salim Mvurya Issues Warning to Investors Hoarding Licenses in Special Economic Zones

Reporter0 CommentsBusinessIndustry, Investments, Salim Mvurya, Trade

Cabinet Secretary for Investments, Trade, and Industry Salim Mvurya, today delivered a strong message to investors hoarding licenses within Kenya’s Special Economic Zones (SEZs). Speaking during the laying of the foundation stone for the Crystal Frozen and Chilled Foods Limited SEZ in Naivasha, CS Mvurya emphasized the government's firm stance on ensuring timely investment and development within these zones. CS Mvurya warned that investors who fail to commence operations within one year of receiving their licenses will face the revocation of those licenses. He directed the Special Economic Zones Authority to enforce this mandate, making it clear that investors must…

21 Aug

Absa Bank Kenya to expand its Agency Services Network to 17,000 outlets in two years

Reporter0 CommentsBusinessAbsa Bank

Absa Bank Kenya PLC has announced plans to expand its reach with over 17,000 agency service outlets across the country in two years. The first phase of this rollout will see the Bank increase its agency network from the current 600 to over 3000 immediately, with a focus on broadening its presence and enhancing service delivery to the last mile. The project aims to enhance accessibility to essential financial services for individuals and businesses within their localities, offering both existing and non-customers the convenience of conducting cash deposits, withdrawals, and other transactions through third-party outlets. This expansion drive is an…

17 Aug

Hewatele Breaks Ground on East Africa’s State-of-the-Art Liquid Oxygen Manufacturing Plant

Reporter0 CommentsBusinessHewatele, Oxygen

In a groundbreaking ceremony today, Hewatele marked a significant milestone with the launch of East Africa's first state-of-the-art liquid oxygen manufacturing plant. Located at the Tatu Industrial Park in Ruiru, Kiambu County, the new facility is set to meet the growing demand for medical-grade oxygen across the region. The plant, which will be equipped with an advanced Cryogenic Medical Liquid Oxygen Air Separation unit, represents a major leap forward in strengthening healthcare systems in East Africa. With a substantial investment of $20 million USD, the project is supported by key development partners, including the U.S. Development Finance Corporation, the Finnish…

14 Aug

ALLPI and AU-IBAR Forge Strategic Partnership to Strengthen Africa’s Leather Industry

Reporter0 CommentsBusinessAfrica, Leather

The African Leather and Leather Products Institute (ALLPI) and the African Union Inter-African Bureau for Animal Resources (AU-IBAR) signed a Memorandum of Understanding (MoU) today, marking the beginning of a strategic partnership that promises to transform the leather value chain across the continent. This MoU comes at the right time, just after the successful validation of the COMESA Leather Value Chain Strategy for 2025-2029. The strategy, which aims to address the key challenges facing the leather industry in the region, aligns perfectly with the objectives of the MoU, creating a strong foundation for coordinated efforts to enhance the sector. The…

14 Aug

Kenya’s NSE Gains Confidence with Co-operative Bank’s Addition to MSCI Frontier Markets Index

Reporter0 CommentsBusinessNairobi Securities Exchange Plc (NSE)

The Nairobi Securities Exchange (NSE) has marked a significant milestone with the inclusion of the Co-operative Bank of Kenya in the MSCI Frontier Markets Index, as announced on August 14, 2024. This development follows the MSCI's August 2024 review, bringing the total number of Kenyan companies listed on the MSCI Frontier Markets Index to five. The other companies include Safaricom PLC, Equity Group Holdings, KCB Group PLC, and East Africa Breweries PLC. In addition to this achievement, the MSCI has also added four Kenyan companies to the MSCI Frontier Markets Small Cap Index. These companies are British American Tobacco Kenya,…

14 Aug

BAT Kenya launches the 2023 sustainability report

Reporter0 CommentsBusinessBAT

BAT Kenya has reported steady progress in the company’s sustainability priorities, in their recently published 2023 Sustainability Report. According to the report, the Company surpassed set targets in gender mainstreaming, reporting 47% representation of women in senior leadership roles, against a 45% target by 2025. In the same vein, women across various job grades registered an increase in base salaries. As part of efforts to combat climate change and drive excellence in environmental management, BAT Kenya saw a 54% reduction in its scope 1 and 2 emissions in 2023, seven years ahead of its 2030 target to reduce these emissions…

01 Aug

ACORN, Catholic University Of Eastern Africa Sign MoU For Provision Of 1,350 Student Beds

Reporter0 CommentsBusinessACORN, Catholic University Of Eastern Africa

Acorn Holdings Limited – Africa’s largest developer of Purpose-Built Student Accommodation and the developer of Qwetu and Qejani student accommodation - has solidified its partnership with the Catholic University of Eastern Africa (CUEA) through the signing of a Memorandum of Understanding (MoU) to address the university’s ever-increasing need for student accommodation. The partnership entails Acorn providing 1,350 beds next to the university, comprising 540 Qwetu beds and 810 Qejani beds. Qwetu is Acorn’s flagship brand that provide students with modern, safe, and secure accommodation to enable them to live, study and thrive during their student life. Qejani seeks to provide…