BY VICTOR ADAR Jackson Muli is a typical African man with a humble Christian background having grown up in a small village called Kiumo/Embui in Machakos County. He is a family man, a proud father of two, with wide experience in insurance spanning to over 22 years with a bias in life insurance. Mr Muli, who is the current Kenya Orient Life Assurance general manager, began his career in insurance through introduction by a relative/friend. He joined the sector with very little knowledge about insurance. However, after entry he developed interest in life insurance specifically in underwriting and claims processes. …
Author: NBM CORRESPONDENT
Rosemary Kimwatu Koech has joined Kenya Commercial Bank’s (KCB) family as a new group data protection officer. Previously, she held the position of public policy manager at telecommunication firm, Safaricom. She has worked at Oxygene, a public relations company, as the head of public policy. She has also served as head of legal and regulatory affairs at WayaWaya, a messaging and payments service company as well as a legal, and administrative officer at Caritas Nairobi. Additionally, she has been a senior associate legal and regulatory affairs specialist at the Mobile Decisioning Holding Ltd (MODE). A holder of Bachelor of Law…
By Antony Mutunga Kenya’s economy has been in a slump for a while. Things started going down hill even before the pandemic hit as many companies in the country were closing down. In 2014, Eveready, a dry-cells manufacturer shut down its manufacturing plant in Nakuru citing unfavourable competition. Two years after the battery maker coiled, and died, Sameer Africa shut down its Nairobi tyre plant. Since then, matters have only gotten worse. With the pandemic, business closures have only increased further. In the 2019/2020 financial year, a record of 1,255 companies closed down, with the following financial year, 2020/2021, the…
The Kenya Healthcare Federation (KHF) and the French Healthcare Federation (FHF) are set to seal an agreement that will boost bilateral healthcare industry relations The two private sector players have pledged to step up efforts to promote linkages between the Kenyan and French healthcare organisations such as biopharmaceutical and medical devices manufacturers, hospitals/clinics, academia, research and innovation labs, infrastructure technology, insurance & medical assistance services and professionals to accelerate the delivery of affordable quality healthcare services locally. According to the United Nations COMTRADE database on international trade, in 2021, Kenya imported French pharmaceutical products valued at $29.11mn with better growth prospects…
SGA private security firm, has entered into a partnership with a social enterprise, Africa Collect Textiles (ACT), in a drive that seeks to turn old guards’ uniforms into school bags in a bid to promote a clean environment and contribute to a circular economy. Through the partnership, SGA Security, which employs over 19,000 personnel spread across Kenya, Tanzania and Uganda, will collect used uniforms from security guards after which ACT will take them through a recycling process to produce amongst other items, school bags. These bags will be donated to school going children from underprivileged backgrounds. Alex Musembi, Kenya founder…
Fintech lender, Tala, has launched a unique credit option dubbed “Jichagulie Due Date” giving customers the power to set their own loan due date. The new credit option gives Kenyans can now time their due date around their next pay day and other financial obligations, making repayment easier, and enjoy lower fees depending on the duration they choose. Tala offers “affordable” and one-time fees on every loan. Borrowers can pay in full or make partial payments; anytime on or before their due date. Customers who make timely payments earn more favorable terms over time, including doubling and tripling their loan…
Construction equipment distributor Panafrican Equipment Kenya has launched the Komatsu PC210-10M0 excavator and the GD555 motor grader with new technological advancements in abid to boost the construction industry in East Africa. Speaking during the launch and customer open day at the company’s Mombasa Road premises, the firm’s country manager for Kenya and Uganda Michael Ohawa said the two new models of earth-moving equipment will go a long way especially now that the construction industry is experiencing a dynamic era of rapid innovation. “As new technologies come on board, our partners are improving products to enhance machine efficiency, better uptime, longer…
Last year, the Presidential Task Force on the review of Power Purchasing Agreements recommended that Kenya Power — declared a ‘special Government Project’ — slash electricity costs by 33 percent effective December 2021, as part of efforts to attract foreign direct investments and promote industrial growth. Although the first 15 percent reduction in power cost was realised, there is silence over the second phase for a further 15 percent cut in electricity tariffs. It is because of false promises like this that many are looking to alternative energy sources, to get away from the unending cycle of high bills and…
Visa-free travel, tax advantages, access to better healthcare and educational opportunities for the family – these are just a few reasons why Citizenship and Residency by Investment (CBI & RBI) programs are gaining ground. We ask Hiran Chohan, Managing Director of specialist firm, Windsor Capital Management, why this investment pathway is proving so popular Q1) What is Citizenship by Investment (CBI) and Residency by Investment (RBI)? Citizenship and Residency by Investment are pathways for one to acquire the opportunity to move around globally visa-free and/or have the ability to live, work and study in another country. Specifically, Citizenship by Investment…
BY JAMES GATHERU We live in tough times, and it calls for a bit of planning to go about life. With fuel prices escalating every other day, it is wise to choose a car that is affordable, economical, and low maintenance. The Kenyan roads display a wide selection of cars, from the big machines to the tiny ones. It is no longer about the models, but economic strategy. To help you get a new set of economic wheels, we have compiled a list of five different cars that are affordable to run. Toyota Passo Toyota Passo is an affordable option…