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…
Author: NBM CORRESPONDENT
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…
Nairobi has been ranked as the cheapest city for construction out of 43 major cities around the world in a survey done by Turner & Townsend PLC, a construction and project management consultancy firm. Even though the cost of land might be high in the city, the report shows that Nairobi is the most favorable place for investors to come and grow their presence in the East African region. Nairobi has grown so much over the years that it has caught the attention of the global community as among one of the fastest modernizing cities. This has caused the city…
BY DAVID ONJILI The Freemasons is considered to be a secret society by many yet those in the society say it is an open society shrouded in secrecy in the eyes of outsiders. I couldn’t find a more apt definition to talk about Kenyan Football management than this, the secrecy with which contracts are entered, the exploitation that is later experienced has for a long time been the very defining attribute of our local game. No matter whom you talk to, it is always scanty information that you will get on such matters as the football stakeholders and cartels’ love…
BY ISAAC SWILA When SuperSport, a South African group of TV channels owned by Multichoice and carried on the DStv satellite platform recently announced the termination of their contract with the Kenyan Premier League (KPL), shock and disbelief greeted the football industry. The contract had given the South African outfit exclusive rights to broadcast matches of the Kenyan top-tier and had been in existence since 2007. After investing in the Kenyan league for ten years pumping in colossal sums of money, no one had foreseen their exit, not in the near future. With SuperSports untimely departure, adverse financial effects will…