Plans by the East African Community (EAC) to set up a regional central bank and adopt a single common currency has begun to look like a success story as all member states are hoping to attract foreign capital and become the region’s financial hub. While the formation of a regional central bank has been hailed as a move in the right direction, the community is considering “having the single currency by 2027”. EAC Secretary-General Peter Mathuki, said the East African Monetary Institute and the Central Bank of East Africa will be set up this year to help harmonize member states’…
Author: NBM CORRESPONDENT
As the year comes to an end, several individuals take it as an opportunity to assess how their year has panned out. With New Year resolutions mostly not met, many feel let down but I sat down with my wealthy elder brother and picked a few gems on investing and life that I believe are worth sharing. What inspired me most to talk to him was the fact that he once took an eight-month leave from work just to spend time with his family and tend to his personal matters. 1. Learn the art of eliminating an expense. Expenses take…
Conventional wisdom states that; to get the economic status of a household, do not look at the people who make up the household but at their dog.
Nairobi Safari Club has signed a partnership deal with Swiss-Belhotel International to manage the all-suite hotel in the heart of Nairobi.
Airtel Kenya has opened a new shop in Meru town to continually enhance convenience by bringing service closer to its customers.
Youth have been among the most affected group in terms of the rising unemployment running rampant in Kenya. To tackle this growing concern, a partnership between Family Group Foundation and Adanian Labs Africa have been helping the lot in terms of software development training. After already supporting 100 youth in animation, artificial intelligence and blockchain technology training in 2021, the partnership has successfully seen another group of 250 youth successfully complete their training and gain digital skills in software development that will be an added advantage in the current job market. The training targeted youth between the ages of 18…
Unilever recently launched an annual road safety campaign in partnership with NTSA to impart road safety skills to drivers.
A technology that seeks to convert water hyacinth into biodegradable plastic alternatives invented by a Kenyan student is one of the winners of a $100,000 prize at COP28.
smaller businesses can benefit from putting proper software and processes in place to manage their operations.
Outsourcing and tech services specialist for governments and diplomatic missions, VFS Global, has appointed Jose Manuel Aisa Mancho as its chief financial officer. He reports to Zubin Karkaria, founder and chief executive officer, and is based in Dubai, UAE. He joins the Switzerland based company from Cellnex Telecom, and will be responsible for the overall finance function at VFS Global, and will also be responsible for legal, data privacy and corporate risk functions. Mr Manuel who has previously worked in organisations that include Abertis Infrastructures, CriteriaCaixa and Cellnex, and was also a non-executive officer in infrastructure companies such as Hispasat,…