A Kitale-based entrepreneur, Joan Cheruto, is the latest millionaire in town after winning a prime plot of land worth KSh 3 million at the close of the five-month Revvvisha na KCB campaign. Cheruto, 30, clinched the grand prize after consistently saving through her KCB Goal Savings Account and meeting all the eligibility requirements. The nationwide…
Family Bank Chair Lazarus Muema, CEO Nancy Njau and Ag. Chief Finance Officer Paul Ngaragari during the Bank’s Q1 2025 financial results media and investor briefing, where the Bank reported a 15.4% increase in Profit Before Tax to KES 1.5 billion for the first three months of the year. Family Bank Group has kicked off…
Karakuta Fresh Produce has commissioned a state-of-the-art 7,500-tonne capacity packhouse in Nairobi to grade and pack avocados sourced from its 180-acre farm and 1,500 smallholder farmers across Kenya. The facility was officially unveiled by Equity Group Managing Director and CEO Dr. James Mwangi, alongside Karakuta CEO Grace Ngungi, in a ceremony attended by government officials…
Equity Group Holdings Plc has been named a Superbrand in East Africa, reaffirming its status as a leading and trusted financial institution in the region. The recognition celebrates the bank’s unwavering commitment to quality, reliability and distinction the three pillars used by Superbrands to assess brand excellence. This marks the fourth time Equity has received…
The Mitumba Consortium Association of Kenya (MCAK) has launched a new economic report showing that Kenyans spend more on new clothes than on used clothing, despite the second-hand trade being a major contributor to the country’s economy. According to the Economic Survey 2025, Kenya imported Ksh 60 billion worth of new clothes in 2024 compared…
The United Energy and Petroleum Dealers Association (UNEPEA) has sounded the alarm over the Kenya Revenue Authority’s (KRA) planned rollout of a new VAT monitoring system for petrol stations, terming it financially oppressive and potentially devastating for small-scale fuel dealers. Speaking to the press, UNEPEA Chairperson Irine Kimathi criticized KRA for failing to provide feedback…
The Reserve Bank of Malawi (RBM), in collaboration with the International Finance Corporation (IFC) and key financial stakeholders, has launched the second phase of its national consumer education programme. The initiative, unveiled in Blantyre, seeks to enhance public awareness of the Collateral Registry and Movable Asset-Based Lending (MABL) to expand access to credit for individuals…
Safaricom (NSE: SCOM) has entered into a strategic partnership with leading retail chain Quickmart to bring its 4G and 5G For Home internet solutions closer to customers across Kenya. The move is part of the telco’s continued drive to enhance connectivity and digital inclusion for households nationwide. The partnership will see Safaricom’s home internet routers…
As Kenya advances toward its Vision 2030 and the African Union’s Agenda 2063, a new narrative is emerging around the role of the Mitumba (second-hand clothing) trade in national development. Contrary to the notion that Mitumba hampers industrialisation, recent insights reveal its compatibility with domestic manufacturing and its potential to contribute meaningfully to the country’s…
George Asamani, MD, PMI Sub-Saharan Africa The global economy is racing toward a severe project management talent crunch, with a shortfall of up to 30 million project professionals expected by 2035. This stark forecast comes from the newly released Global Project Management Talent Gap report by the Project Management Institute (PMI), highlighting a critical workforce…
