The Chief Justice, Mr David Maraga has opened the new Nanyuki Law Courts Building in what he termed as a representation of the new direction the Judiciarry is taking in the design and construction of ultra-modern facilities that will greatly improve the experience of all court users “What we have here today is a model High Court building, the first of the type that is being replicated in other places such as Kakamega, Kapenguria, Voi, Maralal, Ol Kalou, Kwale, Mombasa and Garissa,” the CJ said in his address during the launch late August, adding that there are many unique elements…
Author: NBM CORRESPONDENT
Airtel Africa has partnered up with MoneyGram International, an American money transfer company, to enable its customers to receive their money transfers straight to their mobile money wallet. The partnership will allow its customers to immediately access their money which they can use virtually or withdraw by converting to cash at any Airtel branch. This will be helpful to the over 19 million Airtel money users. Apart from this, the move is also expected to strengthen the presence of MoneyGram in Africa. According to John Gely, Head of MoneyGram Africa, this partnership with Airtel will enable millions of consumers instant…
International Financial Corporation (IFC), the private investment of the World Bank Group has partnered up with Diamond Trust Bank Kenya Limited (DTB Kenya) to support small and medium-sized enterprises (SMEs) struggling under the biting effects of the Covid-19 pandemic. The move has seen IFC issue DTB Kenya a loan worth $50m (Sh5.4b) to help SMEs in various sectors such as financial institutions, tourism, manufacturing and healthcare. The funds will help with the short liquidity needed by most SMEs in this period. Manuel Moses, IFC country manager for Kenya, believes that the partnership between the two parties goes hand in hand…
Cassava Fintech International (CFI) and the Liquid Telecom Group (LTG) have launched Sasai Wi-Fi Finder, a potential game-changer in driving digital and financial inclusion in Africa. The service, which will be offered across the Continent was announced mid August and is set to be rolled at thousands of hotspots across Africa. Cassava FinTech is a pan-African business using an integrated model to drive financial inclusion and digital transactions across the continent. Its core operations are in Mobile Money, Social Payments Services, Digital Banking, International Remittances and Mobile Micro Insurance with a presence in Zimbabwe, South Africa, Burundi, Lesotho and the…
By David Wanjala Nairobi has remained a shell of its usual self during the day and a ghost town at night. Being Kenya’s capital and its heartbeat from where the rest of the country draws her life, it is an indication that indeed the entire nation’s economy is on its knees. The otherwise bustling and vibrant streets are agonizingly slow, with crestfallen faces of a workforce that is evidently worried of the uncertainty of their very survival. A city that has always been up and running as early as 3:00am, 24/7, now wakes up as late as 6:00am. You can…
KCB Group has reported a 40% drop in net profit for the first half of 2020. The huge drop follows the effects of the Covid-19 pandemic that have hit hard the global economy. This comes after the lender posted Sh7.6b in after-tax profits for the first six months of 2020, marking a 40% decline from the Sh12.7b in 2019. The lender attributed the dip to increased provisions in the wake of higher credit risk due to the Covid-19 pandemic. KCB boss Joshua Oigara said “The March to June period has been the most difficult quarter for nearly ten years at the…
Traditional KPIs are sometimes narrow in their focus: they might not catch the real issues affecting business performance, may focus only on one dimension, or might not be useful for making predictions about the future BY NIKKI SUMMERS We all know how the coronavirus pandemic has brought uncertainty to people’s lives and business’s operations throughout Kenya over the course of the year. We also understand that Kenya’s economy is likely to remain under pressure for some time. In these uncertain conditions, business planning based on accurate and up to date information is even more important than it usually is. Businesses,…
BY JACOB OKETCH This is a book you will want to read if you are deeply disturbed by the cancer of corruption and how it has ravaged the African continent. It is a detailed account of how the continent has been and continues to be exploited by global business leaders and rapacious leaders who have abandoned the quest to improve the lot of millions of Africans living on less than a dollar a day. Much focus on matters corruption has too often put the lens on public servants who plunder state resources. In fact, political leaders have borne the brunt…
BY JACOB OKETCH To be an alcoholic is to be dependent on alcohol. That is, without alcohol, you cannot effectively function as a human being. You are not able to perform the normal functions expected of a person. These may include, work, leisure or even sex. It means that you must induce yourself with liquor to be seen to be doing anything meaningful. Without it, you cannot perform as simple a task like just conversing with someone freely. To be an alcoholic is to be forgetful. It is legendary how alcoholics can actually forget an entire scenario in a bar,…
In Angola, for instance, for as long as the emergency measures remained in force, appeals and enforcement of consumer credit contracts, and in the case of mortgages, evictions, are prohibited BY CHRIS BAIRD AND JAMES KAMAU Nowhere in the world will the global humanitarian challenge of COVID-19 be felt more acutely than in Africa. In a continent of approximately 1.2 billion people, almost all of its 54 countries have confirmed cases of coronavirus, with numbers likely to continue rising into the future. While a number of African governments have moved quickly to introduce some of the most stringent lockdown restrictions,…