Going by the wave of emerging realignments, Jubilee Party rebels will soon realize that they have to subsist in the ruling party to the logical conclusion of their terms. How they do it is what they should be strategizing on and not how to come up with a countermove to the President’s purge BY JACOB OKETCH Political temperatures in the country keep rising as President Uhuru Kenyatta continues to oversee a radical purge of leadership structures of the ruling Jubilee Party, both at the Senate and the National Assembly. The latest casualty of these measures is the indefatigable Garissa Township…
Author: NBM CORRESPONDENT
BY GILBERT MUYUMBU More than 120 years since the first lawyers arrived in Kenya as vakils from India, the country’s premier bar association, the Law Society of Kenya (LSK) has emerged, evolved, fought battles, won some and lost others, all in an effort to ensure respect for rule of law across the country, not least by the Kenyan state. LSK’s precise origin is unknown, although some authors trace it to 1911. Prior to its formation, advocates practicing in Kenya were regulated by Kenya’s High Court, based in Mombasa at the time. This changed, however, in 1911, with the formation of…
Don’t walk alone, learn from the success and failures of those that have walked this path before BY VICTOR ADAR Mentor Africa Network is an organization that provides coaching and mentorship solutions to the youth. The founders, Dancan Irungu and Joyce Ndegwa say the initiative has reshaped young people in colleges, universities and youth in informal sector in ways unimaginable. Mr Irungu is an expert in the field of strategy, institutional strengthening and project management. A holder of PhD in business administration and management, he is a cofounder and programs director at the organization. He is a senior lecturer in…
By Antony mutunga The Covid-19 has left destruction of unrivalled proportions in its wake. Millions all over the world have lost their jobs as businesses cut costs or closed down altogether. Hospitality, airtravel, education, finance, manufacturing sectors are all reeling under the tight grip of the global epidemic that has refused to go away. Creatives are yet another lot that has also been overwhelmed by the pandemic. They have watched in horror as their revenue streams dried up. As a result, most of them; artistes, musicians, gamers, fashion models, actors and comedians have been forced to rely on crowd-funding sites…
We had 60 rooms before but we closed 30 and cut staff by 60%, significantly reducing our operation costs. Half of the rooms have been converted into private pods – a lounge setup for five pax maximum, which provides safe space for individuals who want to meet and mingle in few numbers whilst observing the pandemic regulations. We waived the room rates for these and only purchase of food and beverages to a minimum total spend of Sh6, 000 is required BY NBM WRITER In December 2019, Deli (Delishoi) Taleng’o was ebullient to watch with pride as their booming hospitality…
Home Afrika Limited has named Bertha Nuvari Mvati as non-executive director to join the likes of Peter Mungai, Kendi Ogamba and Mbugua Gecaga. Ms Nuvari’s appointment comes shortly after the publicly listed (NSE: HAFR) real estate company reported a loss of Sh887 million for the period ending December 31. According the Central bank of Kenya quarterly economic review, the real estate sector has registered the highest increase in Non Performing Loans (NLPs) by Sh6.1b representing 15.8% of NLPs, due to slow uptake of housing units. But there is light at the end of the tunnel. Migaa Golf Estate, one of Home Afrika’s…
C. Moore Media, International Public Relations (CMM), has launched The Future is Female Program; a Public Relations (PR) and communications mentorship program dedicated exclusively to the business development needs of African Tech female founders. The programme will provide the underserved market of African female founders of early-stage start-ups with the PR and communications insights, knowledge, and skills needed to gain visibility and grow their business. It is aimed at African women based on the continent or in the diaspora, and are launching or growing a tech business for African markets or serving Africans in the diaspora. “The launch of The…
The World Bank Board of Directors has approved a $55m International Development Assistance (IDA) grant to support Somalia’s economic recovery through continued fiscal and other economic policy reforms. The policies will strengthen fiscal management and promote inclusive private sector-led growth. The supplemental financing helps Somalia ease the effects of the global COVID-19 crisis and continue implementing the reform program supported by the Somalia re-engagement and reform supplemental Development Policy Financing (DPF). The DPF delivers critically needed financing for Somalia’s revised 2020 budget, which allocates funds for an integrated and national response to the pandemic, including increased grants to sub-national government…
Liquid Telecom, one of the leading communications services and solutions provider across Eastern, Central & Southern Africa, has partnered with Twiga Foods to increase agricultural productivity in the country. Through the partnership, the two firms aim at deploying a complete precision agriculture Internet of Things (IoT) network system to improve farm productivity at Twiga’s Takuwa farm. This is expected to open up new opportunities that in the long run will ensure food security is a reality not only in Kenya, but Africa as a whole. According Peter Njonjo, CEO, Twiga Foods, their partnership with Liquid Telecom was based on increasing…
Ratings agency S&P Global has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management. “We are therefore affirming our ‘AAA’ long-term issuer credit rating on the AfDB,” S&P Global stated. The rating agency noted the Bank’s $115b capital increase, approved by shareholders in October 2019, and the replenishment to the African Development Fund, the Bank’s concessional window, in December 2019. “The stable outlook reflects…