Bamburi Cement rallies construction players to adopt sustainable construction to cut carbon emissions Bamburi Cement has kicked off a regional construction sector thought leadership series to rally the sector towards decarbonisation. In the first installment of the series ending this year, the company targets a dialogue with about 600 architects, designers, engineers, developers, contractors, materials manufacturers, and industry bodies in Mombasa, Kisumu and Nairobi, with a crucial role in transitioning towards a low-carbon pathway. The built environment accounts for around 42% of annual global carbon dioxide emissions. Building operations account for approximately 27% of overall emissions with the embodied carbon…
Author: NBM CORRESPONDENT
By Sarah Wahogo There is no doubt that real estate investment is one of the most lucrative options which the shrewd investors are capitalising upon. Be it building wealth, having a secondary source of revenue, securing your future, or even just growing your investment portfolio, this is because it is an investment vehicle that can help you get there. In the investment world, risk and return are positively correlated as most people tend to be risk-averse hence the higher the risk the higher the return. That is why investors should always be aware of the various risks involved with an…
Paying customers provide a good source of cash flow that can support business operations and growth plans. To grow revenue, a business owner can focus on harnessing relationships with return customers BY NJOKI WAIGWA To achieve long term success, a business must maintain a certain level of cash in hand or at bank. Most startup owners struggle to take control of their businesses due to lack of cash flow management – money in and out of a business – such that they are unable to pay employees, rent, vendors and loans on time. The year 2022/23 made things worse for…
Kenya’s looming problem is bigger than debt and graft, and Government must quickly pivot to address economic gaps while meeting the needs of a burgeoning youth population BY FRANCIS GITAU Three major drivers of an economy are capital allocation, energy availability and consumption, and population age demographics. Sadly, in Kenya there is not much discussion on population demographics as a major factor in government development planning. When it comes to national development, political stability and the future economy, the demographics cannot be ignored. As at the end of 2022, Kenya is estimated to have had a population of 54,027,487, split…
The Royco range features eleven meticulously selected spices, each presented in elegant, airtight packaging to ensure optimal freshness and flavor In a culinary breakthrough, a fast-moving consumer goods company, Unilever, has launched a new range of dry seasonings in an effort to redefine the art of cooking and flavoring in Kenyan households. The new “Royco spices” bring forth 11 distinctive variants, each a unique masterpiece of flavor and culture. They include four blended spices and seven pure spices namely; pilau masala, curry and spice, ginger, garlic, turmeric, black pepper, cinnamon, cardamom, and paprika. The company also launched two new variants…
The lender is enhancing financial inclusion by enticing the visually impaired with braille account opening option United Bank for Africa (UBA) has unveiled a service that will enable visually impaired Kenyans to open accounts and transact with ease. The UBA Braille Account Opening Form, is tailored to meet the unique financial requirements of individuals with visual impairments in an effort to enhance inclusivity and accessibility of banking services. The initiative aligns seamlessly with the lender’s core values of inclusiveness, diversity, and a customer-centric approach, and showcases its resolute dedication to ensuring that no one is left behind as far as…
The Aga Khan University (AKU) Network of Quality, Teaching and Learning has launched a compilation of impact stories in higher education as it celebrates its 10-year anniversary. The publication titled “Transforming Teaching & Learning in Higher Education: Stories of Impact from the Aga Khan University” was co-published with Advance HE in the UK. The e-book includes impact stories from faculty and academic staff who detail the transformative power of education and the University’s commitment to nurturing it. Professor Tashmin Khamis, Vice Provost, Quality, Teaching and Learning at AKU speaking at the launch noted that investments in faculty development were seen to elicit…
In October 2023, East African Breweries Limited’s (EABL) Board of Directors announced the appointment of Angela Namwakira as the Company Secretary, taking over from Kathryne Maundu who held the position since 2020. As a corporate governance and legal professional with experience spanning a decade and half as Company Secretary to various multinationals, locally quoted companies, not-for-profit entities, small and medium sized enterprises, she brings a lot of expertise to thecompany. She also has a demonstrable track record as a corporate governance advisor and as a corporate secretarial practitioner, and she regularly advises on company law, statutory and regulatory compliance, strategic…
Kenya’s hospitality group, Sarova Hotels and Resorts has signed a strategic franchise agreement with Maiyan Luxury Resort located in Nanyuki, Laikipia county marking a significant milestone in Sarova’s ongoing commitment to expanding its footprint in Kenya. Effective November 1, 2023, Maiyan Luxury Resort will be rebranded as Sarova Maiyan Nanyuki, becoming the ninth property under the Sarova Hotels and Resorts brand. Speaking at the signing ceremony, Sarova Hotels group managing director, Jimi Kariuki said the new partnership brings on board a brand with values that align seamlessly with that of the Sarova Group. “As a part of Sarova Hotels, Maiyan…
NCBA Group and Visa, a global leader in digital payments, have announced a partnership to roll out an innovative solution dubbed Visa Spend Clarity for Enterprise for the bank’s commercial card clients. Visa Spend Clarity is part of Visa Commercial Solutions’ suite of products and services for business of all sizes. Visa Spend Clarity is an online Spend and Expense management platform that offers businesses visibility and control over their expenses and improves their overhead reporting. The enhanced data and reporting helps in resource optimization and better cash-flow management. The platform is available both as a Web UI or Mobile…