The training, done jointly with the USAID Tumikia Mtoto Programme and the World Vision Kenya, seeks to empower young and vulnerable women by providing them with skills in areas such as electrical, paintwork and plumbing works BY SILAS APOLLO Over 2000 young people are set to benefit from technical and vocational training in construction through a Sh60 million investment by the Family Bank’s arm, the Family Group Foundation. The training, done jointly with the USAID Tumikia Mtoto Programme and the World Vision Kenya, seeks to empower young and vulnerable women by providing them with skills in areas such as electrical,…
Author: Antony Mutunga
Antony Mutunga
Antony Mutunga holds a Bechalor’s degree in Commerce, Finance from Jomo Kenyatta University of Agriculture and Technology. He previously worked for Altic Investment & Consultancy before he joined NBM team in 2015. His interest in writing ranges from business, economics and technology. He is also our lead researcher in matters business.
Need to empower women drivers inspires a partnership between Isuzu and Bamburi cement By Mumbi Mutoko Isuzu East Africa and Bamburi Cement join forces in an effort to uplift women in the trucking industry. Dubbed “Women on Wheels”, the program aims at fostering driving expertise, expand job opportunities, and fortify road safety across the country. In her address at a recent Isuzu Drivers Academy’s fifth graduation ceremony, Rita Kavashe, the managing director of Isuzu EA, highlighted the advantage of skills, and why the ripples of their collaboration extend beyond certification, and signifies a firm step towards gender equality, industry advancement,…
The Parliament of Kenya in conjunction with the African Network of Parliamentary Budget Offices (AN-PBO) will host the Sixth Annual African Network of Parliamentary Budget Offices (AN-PBO) Conference in Mombasa this month BY SILAS APOLLO The forum focuses on experience sharing and is expected to help lift Africa’s economic development. It also seeks to debate the future of Parliamentary Budget Offices (PBOs), and will be coordinated by the Parliamentary Budget Office. The event is scheduled to run from August 27 to September 1, 2023, and is set to be opened and presided over by the Speaker of the National Assembly,…
Kenyan businesses suffered a marked fall in demand at the start of the third quarter of the year, latest Stanbic bank Purchasing Managers Index (PMI) data shows BY SILAS APOLLO The PMI data, released by Stanbic Bank Kenya, shows that the demands fell for most businesses as customers continued to reduce their spending amidst steep inflation. Political protests also accelerated the downturn, according to surveyed firms, leading to a sharp contraction in output that was the fastest since August last year. Meanwhile, a deterioration in the exchange rate and reports of rising fuel prices and taxes culminated in another substantial…
BY SILAS APOLLO Safaricom’s founding chief executive officer Michael Joseph quits from the board of the company after serving in different capacities for 23 years The Safaricom board, in a statement issued today, said that Joseph had resigned to pursue and focus on other ventures in his life including continuing his current role as chairman of the Kenya Airways. Joseph, who served as the director at the board of Safaricom Plc, resigned effective August 1, 2023, according to the statement released by Safaricom company secretary Kathryne Maundu. “The board announces the resignation of Michael Joseph as a director in the…
James Mwangi was awarded at the All-Africa Business Leaders Awards held at Sun City, South Africa by the owners of CNBC Africa and Forbes Africa Equity Group chief executive officer and managing director James Mwangi has been awarded the ‘Lifetime Achievement Award’ by the Africa Business News. The award, which is given to individuals who have made remarkable impact on their industry, country and the continent over a period of a lifetime, was presented to him by the Deputy President of South Africa, Paul Mashatile and Rakesh Wahi, Co-Founder and Chairman of Africa Business News Group. In his acceptance speech,…
There’s need to enhance Africa’s leadership in the green energy sector and unlock regional economic prosperity Energy company, Fortescue Future Industries (FFI) and Strathmore University have signed a Memorandum of Understanding at the 25th Africa Energy Forum in Nairobi, with an aim to create programs that will nurture talent, promote research and empower individuals and institutions while supporting the transition away from fossil fuels in Africa and actively contributing to the region’s sustainable development. FFI Africa President, Bruh Ayele Terfie, says the collaboration will not only enhance Africa’s green energy transition and green hydrogen production, but also ensure that Kenyans…
BY SILAS APOLLO The ministry of Education is one of the biggest beneficiaries in this year’s budget after it received the lion’s share of funds allocated to ministries, departments and state agencies. A statement on the budget highlights released by the National Treasury shows that the ministry of education will receive about Sh630 billion in the 2023/24 Financial Year, making it one of the best earners of funds from the national government. This is about 27.4% of the entire budget and will be used to promote shared prosperity, by providing accessible and quality education to all Kenyans. The junior secondary school…
The Ethics and Anti-Corruption Commission (EACC) has, as part of its wider mandate in prevention of corruption through public education and awareness creation, tapped into the civil society groups for support in the collective action against corruption in the counties. The anti-corruption watchdog, through its department of Education and Public Awareness in collaboration with the Lower Eastern Regional Office, took the push for the critical mass to drive the anti-corruption and accountability agenda at the grassroots level to Kitui County on June 8, 2023 where they sensitized representatives of the Civil Society Organisations (CSOs. EACC took participants drawn from sub-counties…
BY ANTONY MUTUNGA With the World Health Organization (WHO) recently announcing that COVID is no longer a global health emergency, it seems like a nightmare that three years ago, the virus led to a pandemic that made economies destabilize and the world standstill. Industries were heavily affected, with the integration of technology being the only savior –those who navigated the difficult period and sustained profitability, made the shift in good time. Millions of users flocking online, through online banking and mobile banking, contributed to the double digit growth of financial sector players. According to the Central bank of Kenya (CBK),…