In 2007 when Michael Ndinisa founded MNCapital Group, an Africa-focused communication and research company, little did he know that he will work with several captains of industry, promoting relationships with key decision makers at a broad range of African focused financial institutions, such as the International Finance Corporation, the African Development Bank, the Abraaj Group, Government Employees Pension Fund South Africa, the World Bank, Public Investment Corporation of South Africa, the China Africa Development Fund, the Johannesburg Stock Exchange, the African Business Roundtable, and Debswana Pension FundOutside of Africa, Mr. Ndinisa also facilitates business relationships, private/public partnerships, projects and initiatives…
Author: Victor Adar
Victor Adar
Victor Adar holds a Diploma in Mass Communication, Print, from Technical University of Mombasa. He has worked before for Reuters, Go Places travel magazine and Aden Associates International. As one of the old hands at NBM, having joined the team in 2012, Victor is one of the most reliable writers in the editorial team. He writes more on enterprise, corporate affairs, HR and technology.
When Kenya Electricity Transmission Company Limited (KETRACO), needed to enhance its procurement capabilities to meet its regulatory commitments, it adopted SAP to leverage the power and scale of the largest procurement network in the world. “Our vision is to be the leading interconnector in Africa, and to achieve that we needed access to world class procurement capabilities that would unlock greater automation, control, consistency and scale,” says David Kariuki, ICT manager at the state corporation. “We chose SAP Business Network to automate and enhance our procurement processes and ensure our vital work continues even during the most disruptive times of…
KCB Group Board has elected former head of public service Dr. Joseph Kinyua as the new Chairman of the Group Board as from May 26, 2023 taking over from Mr. Andrew Wambari Kairu who served as Chairman for a term of five years in line with the Board Charter. Dr. Kinyua has enjoyed an illustrious career spanning over four decades in public service and has a wealth of experience in public administration, economic planning, and policy direction. He is credited with effectively holding a pivotal role in implementing key government initiatives and reforms, including the liberalization of the banking sector,…
Motor vehicle dealers CFAO Motors Kenya, formerly Toyota Kenya, and DT Dobie have merged their operations to become one entity to increase efficiencies and grow market share. CFAO Motors Kenya said that the respective businesses of CFAO and DT Dobie, which holds the Mercedes brands franchise in the country, will be run under one entity – CFAO Motors Kenya. The companies have been operating independently for a decade despite their common ownership after Japanese conglomerate Toyota Tsusho Corporation (TTC) acquired trading firm CFAO Group in December 2012, taking over its many subsidiaries in Africa including DT Dobie. “The internal restructure brings…
Security solutions provider, SGA has partnered with car no.7 (pictured) for this year’s Rhino Charge competition in a bid to raise awareness and sensitization towards the conservation and protection of Kenya’s mountain range ecosystem. This year marks the 34th edition of the Rhino Charge which is an off-road 4×4 competition held to raise funds to support the Rhino Ark Charitable Trust; an NGO that deals with the conservation and protection of Kenya’s mountain range ecosystems popular as “Water Towers”. “At SGA Security, conservation and care of our environment is a key strategic pillar of our Corporate Social Responsibility. We are delighted…
A blockchain gaming platform, Zone has hit over 10 million play minutes since its global launch nine months ago becoming one of the fastest-growing platforms in Africa, Europe, Asia, and South America.The play-to-earn crypto-gaming platform that debuted in Kenya a month ago has also had 30 million total games played on its platform with 16 million total transactions in crypto. At the same time, the maximum reward in a single game has been about Sh 45,999 ($332) to the winning player. “Since we launched Zone globally and in Kenya, we have seen a surge in gamers playing our games more…
Oil marketer, OLA Energy Kenya has launched a clinic to serve its customers at their locations in an effort to offer a convenient solution to equipment diagnosis. Dubbed “O’Lab Clinic”, the mobile clinic is set to modernize vehicle testing by conducting rapid tests conveniently at a customer’s location, give a snapshot of the condition of their vehicle equipment, and serve both industrial and automotive customers. It will help in condition monitoring and diagnostics, which includes a battery tester to check battery health, an emissions tester to check the health of the vehicle exhaust systems, an engine diagnostics tester to check…
Family Bank and Wylde International have entered into a partnership that will see them collaborate to develop the Small and Medium Enterprises(SME) ecosystem through capacity-building trainings to help build resilient businesses. The partnership will see SMEs gain value in digital marketing, business strategy, planning, legal and compliance issues, sales and governance. “Our focus is particularly on the SME market who make up 80 per cent of our customer base. In light of this, as a financial institution, we recognize that we need to better empower and drive value to SMEs. Therefore, by offering such capacity training, we are complimenting the financial…
Bayobab, formerly MTN GlobalConnect, has entered into a partnership with Africa50 to develop a terrestrial fibre optic network that will connect the eastern and western shores on the African continent.Themed “Project East2West”, the project will see the two organizations pump up to Sh $230 million in an effort to connect 10 African countries by 2025. The partnership will offer substantial improvements in data traffic for internet service providers, mobile network operators and hyperscale’s operating in these countries. “The alliance is more than cables and connections; it is about building bridges of connectivity that span nations and bring people closer together,”…
The debt servicing cost has continued to rise. The latest revenue and net expenditures for the nine months of 2022/2023 FY ending March 31, 2023 show the debt-burden to total revenue stood at 56.4%. The total debt service in FY’2021/2022, according to the National Treasury, increased by 17.6% to Sh917.8bn, from Sh780.6bn in the 2020-2021 fiscal year. Equally, debt service to revenue ratio was estimated at 47.9%, 17.9% points higher than IMF’s recommended threshold of 30.0%, but 2.1% points lower than 50% debt service to revenue ratio recorded from 2020 to 2021. This signals difficult years ahead. The numbers are…