BY DAVID ONJILI Investment is a key component of Kenyans’ varied ways of seeking wealth. While a number trade at the bourse, others invest in property whose returns have been great but are now plummeting. If you purchased a house worth, say, Sh20 million, the monthly rent you could fetch, depending with the location, ranges from Sh30 000 to Sh70000. So, look at it this way, how would you love to bank an average Sh16, 000 daily, Sh480, 000 monthly and Sh5.76m every year for the next couple of years on a one-off investment of about Sh5m on a 33-seater…
Author: NBM CORRESPONDENT
Digital Shadows, the industry leader in digital risk management, has launched a channel only partner program – Channel REV – and an associated online Partner Portal, designed to accelerate partner revenue and enhance customer loyalty by offering the award-winning Digital Shadows SearchLight service that combines scalable data analytics with human analysts to effectively manage and reduce the digital risks of cyber threats, data leakage, and reputation risks. The Digital Shadows’ Channel REV portal gives partners the tools they need to move fast to build their own professional services around the SearchLight solution from Digital Shadoiws. The new portal gives partners…
You have met or heard about this breed of people who have a penchant of coming up with great business ideas and making them work. They don’t stop at one or two, they can go on to create even a dozen businesses. Yet they don’t stay back and run them. They are called serial entrepreneurs. They just keep churning out businesses. Never mind that some serial entrepreneurs can be perennial failures, starting business after businesses but which fall by the wayside. “My six-year-old son brings out lessons in being lively. Just like at a home, a lively workplace will deliver…
Corporate social responsibility is in the spotlight once again across Africa with the entry process for the 2017 edition of the Sustainability, Enterprise, and Responsibility Awards, otherwise known as the SERAS CSR Awards Africa, now open. The awards, first held in 2007, have grown to become the largest and most respected awards event aimed specifically at promoting and rewarding corporate social responsibility and sustainability in Africa. Originally focused on West Africa, the 2016 edition of the event saw the awards extended into Southern Africa with entries received from organisations in various countries including Angola, Uganda, Kenya, South Africa, Botswana and Ghana. In fact, Investec Bank South Africa took home the overall prize…
Kwese Sports has signed a deal with the Union of European Football Associations (UEFA) and FIFA, giving it rights to broadcast the UEFA soccer matches, 2018 World Cup and Euro 2020. The four-year deal allows Kwese Sports to broadcast across the world except in South Africa, taking sports viewership to another level for Kenyans. The pan African broadcaster will now compete with MultiChoice’s DSTV for viewers. DSTV’s Supersport was the only one to have broadcast rights for these soccer matches before. Now Kwese sports has given Kenyans another option after signing broadcast rights for live and delayed matches as well…
The Central Bank of Kenya (CBK) and Kenya Deposit Insurance Corporation (KDIC) have issued a tentative timeline and prospective milestones for the resolution of the Imperial Bank Limited’s receivership. This follows the granting by the High Court in June of a 90-day extension of the receivership of the Imperial Bank Limited. The objective of the resolution, the CBK through a statement said, is to safeguard the interest of depositors, creditors and the wider public interest. After the initial preparations, the timeline shows, the formal process will commence with an invitation for Expressions of Interest (“EOI”) from potential strategic investors, and…
BY ISAAC SWILA It is 6pm Thursday as I make my way into Nakumatt Lifestyle, one of Nakumatt Holding Limited’s largest chain outlets in Nairobi. But here, something seems amiss. Unlike in the past, such evening rush hours would attract a beeline of shoppers making their way into the chain store either to shop, for coffee dates, or to have a bite at some of the many eateries that once scrambled for space within the giant building. On this particular day, however, the buzz, oomph and excitement that was once a hallmark of this prestigious chain store is no more.…
The Zanzibar International Film Festival has partnered with Showmax to support the best in African filmmaking. For the 2017 edition of ZIFF, Showmax will sponsor the coveted ZIFF Golden Dhow for Best Feature Film with a cash prize of $3,000. This is the first time the winner of the ZIFF Golden Dhow Award will receive a cash prize. The award will be announced on the closing night of the festival, July 15 at the official Awards Ceremony taking place at the Old Fort in Stone Town, Zanzibar. Showmax is an internet TV service that aims to make internet TV accessible and…
A second outlet of Garden and Patio is under construction and is nearing completion. This follows the success of first one opened along Mombasa rd in November last year. Housed in the compound of Vitafoam Products Ltd on Muthithi Road in Westlands, the new shop alongside the first one is providing customers with a range of garden, backyard, balconies and veranda items. The Mombasa Road shop, according to Rakesh Shah, the managing director, serves those living around South C and B, Nairobi West and as far as Athi River and Kitengela, especially, where stand-alone homes in eighth and quarter plots…
The Central Bank of Kenya (CBK) granted a license to Mayfair Bank Limited to conduct banking business in Kenya. The license has been granted pursuant to Sections 4 and 5 of the Banking Act (Cap 488) following the fulfilment of the stipulated licensing requirements. Established by a group of local investors and headquartered in Nairobi, Mayfair Bank Limited will principally target the corporate market segment. It will launch its presence with an initial network of three branches (two in Nairobi and one in Mombasa). The entry of Mayfair Bank Limited will broaden the choices available to the Kenyan banking public…