The Nairobi Securities Exchange Limited (NSE) has signed a Memorandum of Understanding with Shenzhen Stock Exchange (SZSE) that will link Kenya’s market to Chinese investors and vice versa. SZSE is one of two stock exchanges operating independently in the People’s Republic of China, the other being the larger Shanghai Stock Exchange. The two bourses launched a joint investor forum that is known as the China-Kenya Capital Market Service Initiative that will see Micro, Small and Medium Enterprises (MSMEs) in Kenya attract more investors. The signed MoU is in line with NSE’s vision to be the leading securities exchange in Africa…
Author: NBM CORRESPONDENT
It was a night of celebration as the Anzisha Prize, in partnership with the African Leadership Academy (ALA) and Mastercard Foundation, awarded $25 000 to 21-year-old Yannick Kimanuka from the Democratic Republic of Congo and crowned her the winner of the 2019 Anzisha Prize. The KIM’s School Complex, founded by Yannick in 2018, is a nursery and primary school, which aims to improve how children perform academically in her community. “I am so happy. I cannot believe this. Thank you to the Anzisha team and my fellow finalists. Tonight, I am not only filled with joy but I am filled…
Leading beer and spirits company, Serengeti Breweries Limited (SBL), has unveiled a new look corporate identity that represents the company’s transformative journey since its inception in 1996. “The new SBL logo stands for, ‘Quality, Craftsmanship, Professionalism, Dynamism, Modern, Optimism, Friendly, Warm, Open, Self-Confident but not Arrogant. It also shows we work with natural ingredients,” SBL managing director, Mark Ocitti told a gathering of stakeholders at an event held late October in Dar Salaam to launch the new corporate identity. The new logo, added the MD, underpins the brewer’s unique identity and the strides the company has made over the years…
With cancer cases on the rise, ICEA Lion Group has introduced a cancer insurance cover to help with the hefty medical bills that many people have to deal with when undergoing treatment. The insurance will cover those aged between 18 and 59 years who have not had cancer one year prior to taking the cover. According to George Nyakundi, business development and technical services general manager, the product will cater for the financial needs of patients from diagnosis, treatment, surgery to palliative care and relapse. “Cancer management and treatment can be very expensive, averaging Sh2.5 million. We have designed a…
GE (NYSE: GE) and Africa’s leading cement producer Dangote Cement have signed an agreement to deploy GE’s Asset Performance Management (APM) digital solution to reduce unplanned downtime and enhance performance at its two cement plants in Obajana and Ibese, Nigeria. The project includes extending the current service agreement for an additional 50,000 operating hours for the seven GE LM6000PC aeroderivative gas turbines installed at the sites. GE’s total plant solutions will improve efficiency, reliability essential to continuous operations and the plants’ business strategy. “Power supply is both a key input and a major cost in our manufacturing process,” said Ravi Sood,…
Bolt, the ride-hailing platform once known as Taxify, has stated plans of expanding further than the eight cosmopolitans of the country that it already operates in. According to Kenneth Micah, Bolt general manager for East Africa, the company is happy with the performance of the app in Nairobi, Mombasa, Nakuru, Kisumu, Eldoret, Naivasha, Kakamega and Thika and as such is looking at the possibility of moving into other towns brimming with potential. The company looks to add more towns by Christmas in order to capitalize on the festive season. “I cannot emphasize enough the importance of the Kenyan market to…
As the Chiromo Lane Medical Centre (CLMC) conducted a mental health awareness campaign last month, one message was clear – ignore family and mental health at your own peril. The hospital is ready to help families resolve every single psychological health disorder that affects one in every four people worldwide as per statistics by World Health Organization. Adrian Adagi, a digital strategist for the medical centre, said when someone is going through poor mental health, only the people closest to him or her are able to notice the quickest. Assuring that if people are going to be in charge while…
Public and private financial institutions are not responding adequately to meet global energy goals as finance, particularly in Sub-Saharan Africa, remains drastically below levels needed to deliver universal access according to new Energizing Finance research released mid October by Sustainable Energy for All (SEforALL). The Energizing Finance report series, now in its third year, has tracked finance flows across developing countries in Sub-Saharan Africa and Asia with the largest energy access deficits – that together represent nearly 80% of those living without access to electricity and clean cooking. The new data shows urgent, substantial action and investment is needed to meet Sustainable…
A court has suspended the appointment of former Othaya MP Mary Wambui to the National Employment Authority following a petition by the Kenya Young Parliamentarians Association. The association of young parliamentarian had argued that Ms Wambui, designated to chair the board of the authority, does not qualify under the law, policy and best practice. Appointed through a Gazette notice of October 14, 2019, Ms Wambui, 69, sounded upbeat despite the mixed reaction her appointment caused across sections of the Kenyan society. “I got the post because I am better than those complaining. I have the qualifications and experience to run…
BY CYNTHIA WAIRIMU Everything on and in our bodies has its role, hair and nails included, dead as they may be. When it comes to hair, it has long been debated on whether or not it should be removed. Whatever reservations one holds, it is entirely a personal choice what one does with their hair. Often times, people trim or cut their hair for aesthetic reasons and also for comfort. For instance, a lady spotting facial hair along her top lip may want to shave it off so it does not look like a moustache. There are different methods of…
