Ride-hailing taxi, Maramoja has appointed Ethel Cofie, Marta Paiar, and Paul Ndichu as board members, as the firm continues to scale in Kenya and across Africa. According to Jason Eisen, founder and group chief executive of the transport company, the new members bring massive experience from the tech industry and will be valuable to the operations and the strategy of the business in the region. “Their expertise and knowledge accelerate Maramoja’s ability to fulfill its mission of bringing trusted mobility services to the entire African continent, treating all stakeholders fairly along the way, and creating opportunities for entrepreneurs around the…
Author: NBM CORRESPONDENT
Visa-free global travel, tax advantages and the chance to live, work and study in new and desirable locations – these are just some of the rewards that Citizenship by Investment (CBI) and Residency by Investment (RBI) can offer high-net-worth investors today. It’s no secret, for example, that the Caribbean islands, with their white sandy beaches, crystal clear waters and lush green landscapes are some of the most unrivalled luxury holiday destinations in the world. But with their British Commonwealth status and world-renowned CBI programs, these islands also hold the key to a whole host of other benefits for investors looking…
Kakuzi trains its sights on efficiency enhancement, value addition and product diversification to fuel growth Agri-business firm, Kakuzi has announced a 3% drop in its half-year pretax profit after posting Sh 276.7mn earnings down from Sh 285.9mn posted within the same period last year. This is attributed to slower market growth and price volatility in its key export markets due to the Covid 19 pandemic. The company’s chairman Nicholas Ng’ang’a hopes to ease losses from avocado production by applying diversification and value addition strategy as the orchards enter into what is known as an “off year”. “High supply levels of…
Technology will bring new dynamics and perspectives to agriculture, experts say. At a time when jobs are scarce as businesses move to reduce their expenses or close down altogether because of the pandemic, some young people have managed to amass fortune through agriculture. Just as some young people had agriculture to fall upon, though, a majority are still experiencing low returns as they lack the much needed agricultural technology to increase their yields – many in recent years are turning away from agriculture to reconsider opportunities in other sectors. According to the “Future of Africa’s Agriculture: An Assessment of the…
It pays to weigh mortgage loan options when planning to purchase a home or property By Beatrice Wacuka Finding a property is one thing; making the purchase is quite another. Owning a home is one of the biggest milestones an individual can achieve. With it comes living security and an opportunity to build equity. But given that property ownership is capital intensive, financing a purchase remains a challenge, which amplifies the need for a solid financing plan. In the Kenyan market, the main purchase options include installment payment plans, cash lump sum and mortgages. To begin with, a mortgage is…
We shall continue to involve our athletes in making a pitch for the country as a preferred destination for investment and tourism – KTB CEO Betty Radier By Antony Mutunga The just concluded 2020 Tokyo Olympics is one of the greatest gains for the country’s tourism sector this year. The event concluded with four gold medals for Kenya, four silvers and two bronze. Kenya Tourism Board chief executive Betty Radier says that, for years, athletes have been profiling the country positively with their excellence on and off the field. Collaborating with them will power recovery of tourism activities and promote…
The effects of slow vaccination rate on the most vulnerable workers, and how vaccine misinformation can be combated By Luke Kannemeyer Believe it or not, changing the mindsets and living conditions of domestic workers is a bit a daunting task. This is particularly because of their reliance on the income of their employer, and their frequent exploitation. For about 17 months, vulnerable workers appear to be among the worst affected by the economic fallout of the pandemic. And don’t forget… slow vaccination rate is currently making the situation worse. Will they bounce-back once the bulk of the population is vaccinated?…
Since March last year, the borrowing trend has changed as a majority of Kenyans are forced to rethink their budgets while businesses are either laying off workers and reducing expenses, or all together closing down. Many expected that the situation would get worse as the world is still facing the consequences of the pandemic but a report by the Central Bank of Kenya on credit extended to the private sector players paints a bright economic future for the country. In the first quarter of 2021, lending to households increased by Sh39bn compared to the previous quarter (Q4 2020) where it…
A partnership between Financial Services Commission Mauritius (FSC) and Capital Markets Authority Kenya (CMA) will strengthen the regulatory authorities and improve financial regulation landscape. The move is expected to increase knowledge and understanding of the laws and regulations in various fields such as financial instruments, market intermediaries, asset management, Fintech and other components of the financial innovation ecosystem. It will also build internal capacity for both regulators through study tours, exchange programmes and secondments. “We see this as an opportunity to build our internal capacity through exposure for our technical staff to best practises that can support the capital markets…
The female focused program develops artisans at a higher skill level in a shorter period of time Gateway Real Estate Africa (GREA) gives a non-profit social enterprise, Buildher, a funding boost of Sh4,328,000 ($40,000) in a bid to ensure up to 30 women in the construction arena undergo a 12-month training programme. The training programme targets ladies aged 17 to 40 years, and lasts for 12 months with new courses starting every year to allow for a systematic advancement through the technical skills curriculum including carpentry and joinery, painting, and decorating. GREA co-founder and CEO, Greg Pearson said that empowering…