The Ministry of Interior and National Administration has strengthened the capacity of 47 county commissioners in spearheading tree planting activities through training, an exercise jointly supported by the Ministry of Environment and Forestry. The training curriculum, co-created with the Kenya School of Government, will empower the county commissioners in monitoring and reporting mechanisms for climate change interventions within their respective counties. “Providing strategic preparedness and a coordination mechanism to support the efforts of the Ministry of Environment in the nationwide implementation of climate change interventions is key,” Principal Secretary, State Department of Internal Security and National Administration Dr. Raymond Omollo, said. He calls…
Author: NBM CORRESPONDENT
Airtel Money Kenya Limited has donated Sh25 million to the Kenya Red Cross Society (KRCS) to assist victims of flooding caused by the heavy March-April-May (MAM) rains in the country. The all-cash donation will boost KRCS’s relief efforts in the restoration of livelihoods in some of the counties most affected by the floods. Mr. Ashish Malhotra, managing director of Airtel Kenya, speaking during the cheque handover, said unity among stakeholders is important when it comes to supporting citizens affected by floods. “This is a humble donation towards alleviating the suffering caused by the floods. We believe the contribution will offer much-needed relief and aid…
Prof Peter Gatiti is the new chair of the Standing Conference of Eastern, Central and Southern African Library and Information Associations (SCESCAL Council).
SBM Bank (Kenya) Limited board has picked Bhartesh Shah as its new Chief Executive Officer (CEO), effective May 9, 2024, after the departure of Moezz Mir who has served in that position for six years, exits. During the transition period, Mr. Mir will be on hand to provide support and ensure a seamless handover. “He is a well-suited candidate for the position and will lead the Bank in achieving its growth goals to become the predominant leader in the Kenyan market. His strategic vision will drive essential business transformation to enhance the impact on economies and communities in our vicinity,”…
Kenya’s largely informal motorbike industry remains the elephant in the transport room By Kwame Sipul Otiende In July 2023, Uganda’s transport minister, Fred Byabakama attracted the ire of motorcycle riders in Kampala after he was quoted by media saying that 95% of boda boda riders in the country’s capital are “mad”. While the senior government official’s characterization could be viewed as hyperbolic, and even offensive, it is not short of people who would agree with him, including in Kenya where many have blamed ‘bodas’, as they’re colloquially known, for breaking traffic rules, being responsible for a rise in crime and…
The Cabinet Secretary for Investments, Trade and Industry Rebecca Miano, said on May 10, that stronger linkages between training institutions and the industry, and collaboration on innovation matters can have positive effects on academia, innovators, start-ups as well as student community. “I have a target to double foreign direct investments as well as domestic investments, increase exports and reduce imports of products that we can produce in the country and grow our manufacturing industry from 7.6% to 15% to drive a double-digit economy by 2027. This can only be possible through the acceleration of innovation in this country which is…
A tier-one banking franchise, Diamond Trust Bank (DTB) is expected to strengthen its group executive and leadership structure by appointing a Kenya Country Chief Executive Officer (CEO) to enhance business growth in Kenya, Uganda, Tanzania, and Burundi. Mrs Nasim Devji, who holds the dual position of Group CEO as well as the CEO of DTB Kenya, said the strategic reorganisation, as approved by the Board, will strengthen the management structure and enhance the group’s plans to build a strong franchise in the region under her leadership. It is also part of the bank’s plan to acquire some 10 million customers across…
“Unlock the May Edition of Nairobi Business Monthly now! Dive deep into the city’s critical issues, like corruption’s grip on City Hall and its devastating impact on our safety and infrastructure. Download today for only Ksh. 150 and gain invaluable insights into Nairobi’s challenges and opportunities. Don’t miss out – secure your copy now!”
The wealthiest in town looking to expand their private investment portfolios are splashing their cash on art, cars, watches, whisky, and furniture. According to Knight Frank real estate company backed “Wealth Report 2024”, a huge chunk of rich Kenyans with greater interest in art hit a substantial 70%, a significant increase compared to the previous year when the majority (50%) showed a penchant for purchasing classic cars. Art was also highlighted by the same report as the best-performing luxury asset class in 2023, experiencing an impressive 11 percent price increase. Besides art, some 57.14 percent of wealthy people focus on…
For nearly 20 years, Athanas Tuiyot was happy with his job as journalist and the bureau chief of a daily newspaper in Eldoret until his bosses decided to transfer him to Nairobi in 2006. He opted to quit. The new position would have allowed him only two days off, and he felt he could not effectively balance his family needs in Eldoret and professional obligations working in Nairobi, about 300 kilometres away. “My employer had only a provident fund, which was not adequate to take care of me in retirement,” he says. For 17 years in service, he received a…