BY VICTOR ADAR When Lucas Njoroge Ndolo joined the Kenya Military Defence College in 1985 at the age of 21, his vision was to find something constructive to do with his life and perhaps be a professional trainer. He served in the Kenya Army for 10 years and retired at the age of 31 after going up to the ranks of a captain. Soon Mr Ndolo, a 58-year-old grand father of two – his grandson is currently 9 years old, and grand-daughter is 2 –, joined one private security firm which had 200 guards. The company grew in leaps and…
Author: NBM CORRESPONDENT
By Kevin Ayugi The journey to contactless payment options is helping economies across the world increase transparency in the financial markets while also addressing threats like money laundering on a grand scale. To a consumer, it is more convenient, reliable and reduces the exposure to theft. Sweden, which aims for a cashless economy by 2023, has a mature payment market. As per the latest available records, over 80% of Swedes use cards with 58% of payments being made by card and only 6% made in cash. The journey has largely been powered by factors such as a robust card payment…
Today, purpose-driven brands outperform those that are not. People want to feel that a brand has invested in them, its employees, the community in which it operates, or the environment. According to the findings of the 2021 Edelman Trust Barometer, 68% of consumers believe they have the power to force corporations to change, and 86% of individuals expect chief executives to speak. Here’s how industry experts value purpose as a business strategy. According to Aisha Pandor, SweepSouth CEO, it is important for business to align with purpose and values. “I come from a background with parents who were teachers and…
BY PERMINUS WAINAINA I was in a networking event last month where I met an old classmate of mine, Silas (not his real name) who also runs a business. As we were sharing our experiences, he gave me a story of a conflict he was going through. Work habits of some of his employees of seven years are becoming horrible. Over the years, they have had an area that they are good at and to add on to that, they have the company knowledge and history. However, there have been times when their presence has done him more harm than good. …
BY TRACY BOLTON The only constant is change, it has been said. And in a post-pandemic economy, the rate of change has accelerated and is showing no signs of slowing down. Today, companies are affected with not only a multitude of challenges, but also changes in their operating environment. From dealing with supply chain disruptions to adapting to new ways of work, companies have their hands full. So much that it is a matter of how quickly and in which areas that digital transformation would deliver the greatest value. Should companies digitally transform? In this environment, the role of technology…
TotalEnergies Marketing Kenya and Waste Electrical and Electronic Equipment (WEEE) Centre have launched a partnership for electronic waste management. Through the partnership, the two institutions will undertake recycling and/or safely disposing of electronic products so that they don’t end up in waste dumps or landfills, polluting the environment. WEEE Centre have placed bins at TotalEnergies service stations which will act as collection centers. Speaking during the launch, TotalEnergies Marketing Kenya Managing Director Eric Fanchini said the partnership aims at coming up with innovative ideas that are about impact for the consumers and creating awareness on matters relating to the environment as well…
The Kenya Medical Supplies Authority (KEMSA) has invested more than Sh30 million to facilitate efficient service provision from the Kisumu regional supply chain centre, the Authority’s CEO Terry Ramadhani says. Speaking when she hosted Homa Bay County Governor-elect Gladys Wanga in her office in mid-August, Ms Ramadhani said the authority will execute a three-pronged transformation strategy dubbed “KEMSA2.0” which is geared at enhancing its customers’ experience by providing quality, assured, efficient supply chain solutions for health commodities. As part of the 2.0 strategy, Ramadhani pledged to provide full support to Homa Bay County, among other counties seeking to roll out…
Life assurance provider, Kenya Orient, has invested Sh100,000 to support the Rotary District 9212 free paediatric heart project which aims to cater for tests and free heart surgery to repair heart defects for children born with Congenital Heart Defects (CHD). Rotary District 9212 is responsible for identifying the needy children in partnership with local cardiologists and health facilities as well as undertaking all diagnostic tests. The cost of these diagnostic tests is subsidised and District 9212 is also responsible for fundraising to cater for the subsidised costs. “We continue to affirm our commitment to making everyone’s life, our priority,”said Kenya…
Gulf African Bank (GAB) Kenya and car distributor DT Dobie have sealed a Shari’ah compliant asset financing deal to enable both existing GAB clients and new clients, including those referred by the vehicle distributor to purchase commercial vehicles. Under the agreement, registered SMEs and corporates will be able to acquire Mercedes Benz trucks and buses as well as Hyundai light trucks with financing of upto 90% for a maximum tenor of 60 months. Speaking during the signoff ceremony, the lender’s chief executive officer, Anuj Mediratta said all Kenyans who are running registered businesses should take advantage of the financing package…
BY FRED NDUNG’U PG Bison has announced efforts to support artisans by providing them with hands-on training sessions on correct ways to handle furniture products, machining and assembly techniques, usage of hand tools and a range of best practices required up the value chain, indicating the rosy outlook of timber industry. This is in line with the government’s focus on growing the SME sector and increasing employment opportunities – the company has helped create 200 SMEs through transfer of skills, and is expected to change how over 1,000 individual installers will live and work. “Furniture manufacturing can significantly contribute to…
