BY ROP JANET Kenyans have been urged to embrace their cultural diversity in order to promote unity, national cohesion and economic progression. Kajiado Deputy Governor Martin Moshisho noted that Kenya is home to diverse of ethnic cultures each with its own unique traditions, beliefs and practices. Speaking in Kajiado Town during celebrations to mark the World Cultural Diversity Day, Moshisho emphasized the need to embrace one’s culture and traditions so as not to lose identity in the growing face of globalization. “Through embracing our diverse cultures as a nation, we will be able to appreciate our differences and live together…
Author: NBM CORRESPONDENT
Family Bank Group has posted a Sh1.3 billion profit before tax for the period ended March 31, 2024, representing a 24.3% growth from a similar period last year. The growth was mainly driven by an increase in interest income and non-funded income and an expansion of the balance sheet given strategic investment in secure and stable investment avenues and effective asset management even as the economy continued to grapple with the adverse effects of high inflation. “The bank remains resilient amid the tough operating environment. We remain committed to supporting our customer needs, investing in our workforce and optimizing our…
BY LIA ZHU Editor’s note: New tariffs will soon be imposed on Chinese imports such as electric vehicles, United States has revealed. China Daily examines experts’ concerns over the adverse effects such action may have on US consumers and others, and on climate change objectives. Steep tariff rises by the US on Chinese electric vehicles and batteries are likely to backfire, hurting consumers and companies and hampering climate goals, experts say, even though the stated goal is to protect US manufacturing jobs. On May 14, US President Joe Biden directed the office of the US Trade Representative to increase tariffs…
Betting company, SportPesa has partnered with rugby club, Nondescripts Legends (better known as Nondies) in a deal that will see the team receive Sh2 million in sponsorship support towards a doubleheader against their Uganda Vets counterparts. The cash will go towards activities such as coaching and mentorship sessions for young talent and tournaments line up for the Nondies Legends, among other rugby development plans under the “Tujiamini initiative” that will be announced once they come on stream, SportPesa’s public relations manager Willis Ojwang, said on Thursday, May 23. Mr Ojwang said the first leg will be played on June 8,…
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…
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…