Kariuki Ngari will be the new chief executive officer and managing director of Standard Chartered Bank Kenya Limited starting March, taking over from Lamin Manjang who has held the position since 2014. Mr Ngari started his banking career in the same bank in 1994 but things started clicking for him when he successfully transformed the retail banking division of the Standard Chartered Bank not only in Africa but also globally. Over the years, he has helped deliver superior customer experience by migrating clients to digital channels while integrating client centricity in process designs. He moved to Barclays Bank of Kenya…
Author: NBM CORRESPONDENT
Packet Clearing House, according to Interxion Holding NV (NYSE: INXN), a leading European provider of carrier and cloud-neutral colocation data centre services, has deployed two new points of presence (PoPs) at Interxion’s data centres in Marseille and Madrid. Packet Clearing House (PCH) is a global non-profit organisation that provides operational support and security to critical Internet infrastructures including Internet exchanges and the core of the domain name system. Since 1995, PCH has been working to make this system faster, more scalable, and more resilient against attack. Today, the company operates the world’s largest authoritative DNS service network, hosting two of…
BY VICTOR ADAR In this day and age, it is important to improve employees’ morale. And just like the old adage goes; stay hungry stay foolish, the odds are always good enough when a tax-free incentive is thrown in the mix. It is time for banks and manufacturers, health facilities, learning institutions and even newsrooms to warm up to good things. Taking lunch programs to great heights, Digital lunch scheme provider, Apptivate Africa, is in brisk business thanks to improved business environment, investor confidence in 2018 and a growing need to create employee-employer emotional connection. Increased interest for the firm’s…
New research from the digital money transfer service WorldRemit shows thousands of Kenyan children are in school, have access to books and educational supplies, and are more likely to study than work due to international remittances. Kenya is the largest remittance-receiving country in East Africa, where annual remittances now exceed $2.1 billion. WorldRemit research reveals that this rise in remittances has wide-ranging benefits to children’s education in the country, amounting to $300 million (Sh30 billion) extra support for education. The findings were calculated using data from UNESCO, the World Bank, and Kenya’s latest national household survey. Approximately 220 million children are not…
Premier home care products manufacturer SC Johnson has partnered with ride sharing company Uber to drive the uptake of its flagship air freshener brand, Glade, in a move that is designed to grow its slice of the fast growing local car scents market. In the new relationship, 4,000 Uber drivers will place various Glade scents within their vehicles in a move that is also designed to explore passenger tastes. Uber drivers in Nairobi and Mombasa will all have their vehicles fitted with Glade car air fresheners. SC Johnson country manager for East Africa Anthony Mulinge said in a statement that…
The African Institute for Mathematical Sciences (AIMS) has launched applications for the second intake of its unique African Master’s in Machine Intelligence (AMMI), a novel one-year intensive foundational master’s program that will provide brilliant young Africans with state-of-the-art training in Machine Learning (ML) and its applications. Professor Moustapha Cissé, director of the AMMI Program at AIMS and head of the Google AI center in Ghana said they were encouraged by the enthusiasm and excellent applications they had received for the first intake last year. “The first cohort has really demonstrated the potential for foundational AI and machine learning research, and…
From the inception of the Car and General assembly plant in Nakuru the Company planned to expand the output of the facility to meet the increasing demand for TVS motorcycles. Initially, the facility used to train the factory workers and production, started with 30 motorcycles each day. Following the installation of a moving assembly line output has grown steadily and currently stands at an average of 200 machines each day with the facility producing 4000 in a month. TVS factory personnel from India visit Kenya regularly to check the operation of the plant and guide further development. Workers are stationed…
City Hoppa has already deployed her six Mercedes-Benz MB-917 buses recently acquired from DT Dobie on city routes and are also available for hire within Kenya. The 41-seater buses were delivered to Imelda Karaya, the communications liason officer of Citi Hoppa by Srinivas Cheruvu, the finance director of DT Dobie and Mohamed Tajdin Chatur, the general manager sales for Heavy Commercial Vehicles. “We are very grateful to Citi Hoppa for choosing Mercedes buses after a thorough assessment of the performance and specifications. Active safety features of the bus chassis include braking systems with ABS, precision steering and good road holding…
Calling all startups, scale-ups, entrepreneurs and innovators! The first edition of Paint the Future – the AkzoNobel startup challenge is now open and ready to discover new and revolutionary solutions that will accelerate innovation in the world of paints and coatings. The challenge connects bright minds and promising solutions from across the globe with AkzoNobel’s expertise, global scale and resources. Innovators, challenge teams, institutions and industry experts will work together to enhance the submitted ideas, forming a truly collaborative ecosystem. Spearheaded by the company’s chief technology officer Klaas Kruithof, Paint the Future offers winners the opportunity to accelerate commercialization of…
The Government of Kenyan recently established the Public Investment Management (PIM) unit at the National Treasury that will oversee the selection, budgeting and management of development projects and public-private partnerships (PPPs). In addition, the unit will enhance its efforts to curb duplication of projects that for long have served as conduits of corruption. The move also considers the government efforts at increasing efficiency, effectiveness, transparency, and accountability in public spending. Over the years, the overlapping programs within the government have caused loss and mismanagement of revenues allocated for development projects. The unit will enable efficient identification and implementation of priority…