The contribution goes towards the annual Kaptagat forest tree planting exercise that kicked off on July 1, 2023 Kenya Reinsurance Corporation (Kenya Re) has donated Sh 1 million and 100,000 avocado seedlings to forest edge communities as a way of incentivising them to embrace environmental conservation as a lifestyle. The donations were made to the Government through the National Environment Trust Fund (NETFUND), and will go towards planting 500,000 indigenous tree seedlings in various sections around Kessup, Sabor, Kaptagat, Pennon and Kipkabus forest blocks that form the Kaptagat Forest ecosystem this year. Kaptagat Forest Station is part of the larger…
Author: NBM CORRESPONDENT
The deal is a milestone on cross border regional trade growth opportunities for small and medium-scale enterprises United Bank for Africa (UBA) Plc, has inked a deal with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide financing for up to Sh844.5 billion ($6.bn) over the next 3 years to small and medium-scale enterprises (SMEs) across Africa. The lender signed the agreement with AfCFTA on the side-lines of the 30th Afreximbank Annual Meeting (AAM) which was held in Accra, Ghana. By this agreement, the parties are to promote the development of tiny players operating in four sectors under the…
Nairobi Bottlers Limited, a subsidiary of Coca-Cola Beverages Africa (CCBA) in Kenya, has changed its name to Coca-Cola Beverages Kenya. The company is set to be the “anchor bottler in each of the 15 markets within its footprint,” as per a statement by CCBA. “The other three Coca-Cola Beverages Africa subsidiaries in Kenya; Crown Beverages Limited, Equator Bottlers Limited, and Almasi Beverages Limited will not be affected,” added the statement. CCBA, which has been the largest Coca-Cola bottling partner on the African continent and has made significant investments in Kenya through its four bottling entities, further clarified that the changes…
The companies assure Kenyan farmers that the implements are designed to enhance efficiency, productivity, and profitability BY SILAS APOLLO A dealership agreement between the Nairobi Securities Exchange listed distributor of agricultural machinery, Car and General (C&G) and Indian-based Udyog Limited will play major role in distribution of Beroni agricultural implements in Kenya. Udyog is the manufacturer of Beroni, a global brand of farm implements that offers a range of agricultural machinery, including ploughs, harrows, seeders, cultivators, and more. “This partnership is aligned with our commitment to providing our customers with the exceptional range of Beroni farm implements to our Kenyan farmers.…
When Edward Mwasi (pictured) took over as CEO of Kenya Yearbook (KYEB) in 2017, the state-owned organization was choking on debt and veering on the brink of collapse. The company, which publishes the Kenya Yearbook and other government-inclined publications, had gone through a rough patch and fallen behind most of its targets despite gobbling millions of taxpayers’ cash. Six years later, after serving two three-year terms, Mr Mwasi looks back at his work and sees a legacy of transformation and restoration. “I am delighted to share that I have successfully led the transformation of the Kenya Yearbook Editorial Board (KYEB)…
By Silas Apollo At least 55 million people in Djibouti, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda are currently facing hunger and starvation, with an estimated 30 million people also expected to face a similar situation by the end of this year. A report by the Intergovernmental Authority on Development (IGAD) shows that more people in countries that make up IGAD, continued to grapple with a severe food crisis in 2022, as many faced acute hunger and poor nutrition. IGAD, in its latest data released from the Regional Focus of the Global Report on Food Crises (GRFC) 2023, says…
Engineering company, Zutari Kenya Ltd is set to get a grip of the East African market after it officially registered with the Engineers Board of Kenya (EBK) in civil and electrical engineering disciplines. The company’s flagship projects to date include design and management services to support Scania to build the first of 15 global service centres in Nairobi, comprising an extensive warehouse complex, service pits, and offices. Zutari has also provided services to the East African Community (EAC) Transport Master Plan and was tasked to develop a unified transport and regional road sector development programme for the EAC – the…
Company says Sh500 million facility in Nairobi showcases commitment to growth and community impact Consumer goods company, Unilever, has unveiled a new warehouse in Nairobi to serve East Africa’s market. The firm has made a cumulative investment of Sh 500 million to construct and equip the facility. Unilever Kenya’s managing director, Luck Ochieng noted that the newly constructed “ultra-modern warehouse” is a commitment to growth not only on turnover but also on capacity, job creation and community impact. He added that the investment is a testament to the company’s purpose of making sustainable living commonplace. “With the increasing demand for…
Online payments architect, Verifone has unveiled a new brand and enterprise website as it seeks to exemplify its “class-leading payments” platform offering. The company says that the rebrands highlight its innovative payment solutions by introducing a new logo, brand identity and global website to align with an updated vision. The refreshed brand follows a recent reshuffle and rebuilding of the company’s culture and leadership to match its new mantra for innovation and passion. Verifone’s portfolio spans digital payment solutions, secure payment devices, cloud-hosted Payments as a Service, merchant acquiring, point of sale technology, advanced business insights through data science, and…
At present England is the country with the greatest number of cars which are listed for judging at the Nairobi Racecourse on September 24, with 11 cars varying in size from two Mini’s to the Rolls Royce luxury saloon of Roger Tanner. The limousine is being prepared by Roger Tanner, a well known Rolls Royce enthusiast, who will also participate in the “heritage collection” featuring old equipment and machinery which is held in conjunction with the Concours, but the entries are not listed for judging. Mr. Tanner will be showing a working steam engine which was made in 1919. Before…
