Speaking at the second year anniversary event for Building Materials Suppliers and Transporters (BUMASUTRA) Sacco, CIC Group Product champion Julius Macharia said that creating tailor made products aimed at meeting specific interests of entrepreneurs in the economy is paramount. “Many organizations operate under different business environment and their operations vary depending with whom they are serving. That is why at CIC we develop tailor made products to enhance their production and ensure they maximize on returns,” said Macharia. The group will further monitor heavy commercial vehicle movements and take care of loan repayments of clients whenever their vehicle is taken…
Author: Editor
Kenyan President Uhuru Kenyatta and his Tanzanian counterpart President Jakaya Kikwete last month launched a 90 km Taveta-Mwatate road project in Taita Taveta County. Jointly funded by the African Development Bank (AfDB) and the governments of Kenya and Tanzania, the road is key to regional integration. Presidents Kenyatta and Kikwete said its construction is in the East African Community (EAC) program of the developing missing links along the regional infrastructure corridor. When completed, the road will help Kenyans and Tanzanians do more business across countries, boosting the economies of their nations. “This is one of the missing links aimed at…
These are stocks of companies listed in the Nairobi Securities Exchange (NSE) that are poised to record above average growth over the medium and long term due to strong fundamentals. Growth stocks: Centum, KCB, Equity, COOP, Safaricom, NSE… but let’s start by looking at Centum. The company has grown tremendously over the last 6 years. Centum announced a stellar 2015 financial year performance, posting a 162% year over year jump in net profit to Sh7 billion. This was primarily driven by the UAP 13.75% stake exit for Sh5.2billion, an amount almost double the balance sheet value. Investment and other income…
Nestlé has rolled out a training programme to encourage more women and youths to participate in coffee farming and to take up leadership roles in farmer’s cooperatives societies as part of its commitment to promote gender equality and also help increase youth involvement in agriculture. This is the second phase of the Nestlé’s gender and youth training programme in Kenya and will run for the next three years. The main aim of the training is to reduce the gap between men and women representation in the cooperative management and enhance sustainability through bringing in new generation. “In the initial phase…
The High Court has approved an out-of court settlement between diversified financial services Group, Britam and property management development company, Acorn over a multi-billion shilling dispute. Under the terms of the deal, Acorn has agreed to return over Sh5 billion in cash and land that had been purchased with funds irregularly transferred to the firm by Britam ex-employees. Following the legal settlement, Britam will recover high-value land in Nairobi, which includes 5 acres in Kileleshwa, 2.5 acres along Elgon Road in Upper Hill, 25 acres in Mlolongo and 182 acres in Lukenya, Machakos County. These projects have an estimated value…
Ten finalists in the Samsung Colors of Kenya campaign will have their work displayed across the country in Kenya’s first Digital Gallery to encourage Kenyans to capture the country’s riveting beauty by adding their personal touch of creativity. The finalists are amongst hundreds of photography enthusiasts who took part in the campaign that was launched last month. Participants submitted their photos through Instagram and Facebook with the hashtag #SamsungColorsOfKE that saw the winning photographer awarded a Samsung 32” TV. The photographs will be displayed on 100 Samsung Premium TVs – Series 7 and above- across its accredited retail stores countrywide.…
Kenya Electricity Generating Company (KenGen) is planning to boost the contribution of wind energy to the national grid from the current 2.5% to 10% as it steps up investments in environment friendly renewable energy. KenGen Managing Director and CEO, Albert Mugo, said last month that additional contribution from wind energy would add impetus to the Government’s 5000MW+ initiative to expand power generation and access. “Kenya has a lot of potential in wind energy owing to the good wind regime in various parts of the country. Very soon we will be able to boost our installed capacity in wind to meet…
By David Wanjala Buying land in an upmarket area and putting up rentals may seem like a good idea. It actually turns in good money for some individuals. When put on paper, these multi-billion projects look viable. But wait until you embark on a project targeting the wealthy. You will sell many of the units by chance. Sometimes, it takes many years, as long as three, to get someone to buy your highly priced house. After weighing the many challenges that come with the upmarket segment, it turns out investors are better off focusing on the middle class, down to…
By KWENDO OPANGA Thursday October 15, 2015 Greetings, Mr President. Sir, please allow me to wish you a wondrous Mashujaa Day in advance. And, Mr President, may I inform you that it pleases me no end to meet you hapa Mukuru Kwa Zuckenberg. When you begin reading newspapers we might meet on Sundays. Mr President, as you prepare to address us on Tuesday, permit me to let you in on what your people are saying here at Mukuru Kwa Zuckenberg, on the matatus and in mansions, on the streets and in the salons, in the hotels and hovels and in…
Heritage Insurance Company has cut itself a niche in the Medical underwriting category for over three decades and continues to make significant contribution with new innovations, the latest being Heritage Flexi. The underwriter has demonstrated excellent leadership in providing Health Insurance solutions in Kenya for over 30 years. The introduction of this class of insurance was necessitated by clients’ requests of medical insurance for their staff at a time when the product was not readily available, making Heritage Insurance one of the key pioneers of medical insurance in Kenya. Over the years, the insurer has continuously revised and developed Health…