Can she sweeten Sony Sugar? IN rare twist of events, the government has sent out yet another clear signal confirming its commitment to streamline management capacity in the sugar sector with the appointment of the first ever lady managing director at South Nyanza Sugar Company Limited.
Author: Editor
Shelter Afrique, the Pan African housing financier bid farewell to its outgoing Managing Director, Alassane Ba, a Mauritanian national who served as the chief executive for five years. Mr. Ba’s period of leadership was characterised by a steady growth of the balance sheet that has tripled over 2008-2013 period.
Jeff Koinange entered Iraqi airspace on the Christmas morning of 2004 to cover the US-led coalition invasion for Cable News Network (CNN).
It was interesting to read about Red Cross Secretary General (Abbas Gullet) in your June issue. The man is talented and I thank him for the good work he is doing at the Red Cross. Other organisations should borrow a leaf from him. – Josephat Muiruri, Eldoret Rainmaker, yes, but…
Plans are under way to construct the fifth Olkaria geothermal power plant in Naivasha to add 140 megawatts of electricity to the national grid daily. The Kenya Electricity Generating Company has sought approval of the National Environment Management Authority to build the plant comprising two turbines each with an output of 70 megawatts.
Governance plays strategic role in management The success of modern enterprises hinges on the adoption of sound corporate governance. The Centre for Corporate Governance (CCG), a local corporate governance training and research organisation, says good corporate governance increases return on assets by 14 percent, with the combined predictive potential rising to an impressive 29 percent, according to its research.
The Business Diary 1 – 2 East Africa Healthcare Summit 2014 Hyatt Regency Dar es Salaam, The Kilimanjaro, Tanzania The summit brings together healthcare professionals, Government Hospitals and healthcare providers across East Africa.
SAFARICOM customers using the M-Shwari platform will now be able to save money on their phones for a fixed period of time. Commercial Bank of Africa has launched what it calls a “Lock Savings Account” that enables M-Shwari users save as little as Sh500 for a maximum of six months at interest rates of up to 6 per cent per year.
CORPORATE WRAP Li & Fung, a leading consumer products supply chain management firm, has expressed interest in setting up shop in Kenya to meet demand for premium textile products and related goods. The Hong Kong-based industrial firm, which has just concluded a fact-finding mission to Kenya hosted by the Ministry of Industrialization and Enterprise Development, is exploring opportunities in the local textile sector.
Local insurers miss out on oil boom Major oil insurance businesses are likely to be snapped up by foreign-based underwriters, local industry players say, raising fears that the resource may not benefit the economy optimally.