Category: BUSINESS

  • Kenyan Women Call for Unity Amid Political Grandstanding

    Kenyan Women Call for Unity Amid Political Grandstanding

    A section of women leaders and rights organisations have raised their Concern over the ongoing Political grandstanding in the country and the impact it has on vulnerable groups.

    Led by the Women of Kenya under the African Women Leaders Network (AWLN) and the Women Mediation Network Kenya they said that It is essential for all stakeholders to put aside their differences and work towards a common goal of building a better country.

    Addressing a press conference Dr Jennifer Riria, the CEO of Echo Network Africa and chairperson of AWLN-Kenya chapter, said that Women, children, persons with disabilities, and the elderly are the most affected by political instability and economic strains. Therefore, it was crucial to ensure that their needs and interests are at the forefront of any political decision making process.

    “Mothers of this country are concerned about the ongoing grandstanding between Government and the Opposition. Ultimately, it is the women, children, persons with disabilities, the elderly and other vulnerable groups that suffer the most. Our economy is already suffering and cannot afford further strains. As women of Kenya, we are calling on Kenyans of goodwill to pull together and not tear the country apart” said Dr Riria.

    She said that they were concerned about the safety and security of Thousands of families most of whom are women and children currently displaced from their homes and camping in tents, especially in the bandit-stricken Counties.

    “Some women are giving birth in the camps and children have stopped going to school. Though welcome, the rains have made a bad situation worse. We urge the Government and other humanitarian agencies to move swiftly and provide decent accommodation, food, medicines, and other critical services to these families and help curb further suffering”

    Dr Riria futher thanked The President for appointing more women into leadership and specifically for appointing young women.

    She however said that Kenya is still lagging far behind other nations in the pursuit for gender equality.

    “As women, we are still waiting to have the constitutional provisions on the ‘Not More than Two-Thirds Gender Rule implemented.”

    She Further, noted that women with disabilities were missing in the list of appointments and implored that the matter be looked upon with urgency.

    “We remind ourselves that a society is judged by the way it treats its most vulnerable. We urge the Government to continue listening to the voices of the Kenyan people and move quickly to address the suffering of the people especially in respect to the rising costs of living.”

    By Dolphin Mige

  • Kimathi foundation joins Efforts to afforest Kenya

    Kimathi foundation joins Efforts to afforest Kenya

    Dedan Kimathi Foundation has continued to be a champion in matters of Afforestation. This was evident during the celebration to mark. The International Day of Forests. The main celebration was held in Kereita Forest Station in Kiambu county.

    In addition to the 15,000 seedlings planted in Kiambu county, 73,010 seedlings were also planted in Kirinyaga, Nyeri, Murang’a, Laikipia, and Nyandarua counties.

    In Eastern Conservancy, 3,320 seedlings were planted with the Governor of Makueni County His Excellency Mutula Kilonzo Jr taking part in the activities.

    In contrast, a total of 6,110 were planted in Western Conservancy.

    The KFS coordinated activities attracted dignitaries and leaders of different stature and partners from different organizations.

  • Trademark Africa & Kenya National Chamber of Commerce and Industry (KNCCI) , Launch Integrated Information Portal for Women Traders Across East Africa

    By Steve El Sabai

    Trademark Africa (TMA) in partnership with Kenya National Chamber of Commerce and Industry (KNCCI) through the support of Global Affairs Canada, has launched an integrated information platform iSOKO. Designed to support women in trade across East Africa access and use vital and simplified information, iSOKO will unlock opportunities for participation, formalization of businesses, and growth in trade value.

    A web and mobile platform for women traders, iSOKO will provide a regional marketplace to buy and sell goods, access vital trade and market information, find business management tools including bookkeeping, access verified service providers, and network opportunities with fellow traders. This innovative tool is part of TradeMark Africa’s Women in Trade program and was co-created and tested with different segments of traders across the region.

    “Having women at the center of how we do development, foreign policy, and trade, is effective, and helps us to meet our development objectives key among them poverty reduction,” said Canadian High Commissioner to Kenya Christopher Thornley. “iSOKO will go a long way in addressing the key market and information gaps that exist for women traders in cross-border trade.”

    The platform, which was unveiled in Nairobi today, will bring together women traders from five countries in the East African Community — Kenya, Uganda, Tanzania, Rwanda, and Burundi.

    Dr. Bruno Linyiru, the Secretary for Trade in the State Department for Trade, said the iSOKO portal will have a significant impact on the lives of women traders by increasing their income, improving their bargaining power, and promoting their economic independence. “It is part of our broader efforts to promote gender equality and supports women’s empowerment in all areas of our society.”

    Other speakers included TMA Board Chairman Amb. Erastus Mwencha observed that digital tools are enabling women from the region to overcome multiple trade barriers and access more markets in the continent and beyond. “The global digital trade is estimated at US$ 5.2 trillion, and we want women traders in East Africa to attract a sizeable share of this trade. The platform we are launching today easily enhances market access by electronically connecting traders with their customers. TMA Deputy CEO Allen Asiimwe said the organization had been working with women traders in the region for over a decade. “With trade, women are able to grow their incomes and better their homes, communities, and families.”

    The portal provides free access to women traders who wish to register. This project is expected to go a long way in increasing the trade value and incomes of women traders across the region, especially those engaged in informal trade.

    The occasion was also attended by KNCCI Chamber President Richard Ngatia, who noted the platform is already attracting great use by traders in the country. “Through our County chamber and Women in Business arm we have onboarded 2,650 users onto the platform with information on over 100 commodities uploaded, we expect the numbers to grow significantly after this launch,” said Ngatia.

    The Kenya launch is the first in the region and will be followed in the coming weeks with launches in the other four East African countries targeted in this program

  • Barbados and Kenya chambers signs Market partnership

    Barbados and Kenya chambers signs Market partnership

    By Steve El Sabai.

    The Kenya National Chamber of Commerce and Industry (KNCCI) in partnership with the Barbados Chamber of Commerce and Industry (BCCI) will on Tuesday, 21st March 2023 host a Virtual Dialogue Series. The first session of the series will be held virtually through Zoom starting from 8:30 a.m. to 10:00 a.m. on Tuesday and is open to those interested in learning more about the Kenya and Barbados markets.

    Speakers at the webinar will look to demystify the Barbados and Kenya Markets as well as share insights on investment opportunities and doing business in Kenya and Barbados.

    The collaboration between BCCI and KNCCI will seek to address business opportunities in commerce and markets between Barbados and Kenya.

    At the same time, the Hong Kong Trade Development Council-Kenya paid a courtesy visit to the Kenya National Chamber of Commerce & Industry president Richard Ngatia. The visit was aimed to introduce Director General Stephen Phillips and to deliberate on areas of partnership and business opportunities.

    Ngatia emphasized KNCCI’s role in advocating for the creation of a favorable commercial, trade, and investment environment that supports enterprise expansion. He noted that KNCCI is working with various development partners toward realizing its mandate and ensuring the growth of business for its members and the entire business community.

    Many businesses are faced with financial obstacles, KNCCI works closely with various financial institutions to offer financial solutions and capacity building for businesses.

    During the 4th Edition of the SMEs Conference and Expo themed ‘Accelerating the MSMEs growth through adoption of technology and innovation ‘ KNCCI articulated the importance of having digital hubs and we hope that this partnership will play a critical role in bridging the gap.

    InvestHK, Director-General Mr.Stephen Phillips, stated that InvestHK works with a vision to strengthen Hong Kong’s status as the leading international business location in Asia. The organization also works with overseas entrepreneurs, SMEs, and multinationals that wish to set up an office or expand their existing business in Hong Kong.

    Hong Kong is a regional hub for innovation and technology (I&T) development, focusing on biotech, artificial intelligence, robotics, data, and smart cities

    InvestHK is looking forward to a long-term partnership for practical collaboration with a focus on all sectors to enhance trade between the two countries through the provision of market linkages and dissemination of information.

    Hong Kong Trade Development Council (HKTDC) organizes 37 expos every year which would be of economic interest to both countries.HKTDC is working towards reviving the Lifestyle Expo in Kenya which will consist of customized business matching services for visitors to facilitate their sourcing of Hong Kong lifestyle products and A commercial delegation of companies exhibiting their key products and negotiating business at their booths.

    KNCCI is looking forward to the formation of the Joint Business Council (JBC) in order to bring all the ideas to reality and promote trade.

    Earlier in the week, Kenya signed a memorandum of understanding with Malaysia to boost bilateral trade between the two countries.

    The two countries signed the agreement through their respective trade organizations; Kenya National Chamber of Commerce and Industry and Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry at a Nairobi hotel on Wednesday.

    Kenya National Chamber of Commerce and Industry President Richard Ngatia and his Kuala Lumpur counterpart Nivas Ragavan presided over the document’s signing during an event dubbed “Kenya – Malaysia Business Forum.”

    The event was attended by High Commissioner of Kenya to Malaysia Francis Muhoro, High Commissioner of Malaysia to Kenya Ruzaimi bin Mohamad, Bomet Governor Barchok, Malaysian Exporters Association President Kabur Ibrahim, and Investment Promotion PS Abubakar Abubakar.

  • KNQA Makes Major Strides Under wise leadership of Dr. Alice Kande

    KNQA Makes Major Strides Under wise leadership of Dr. Alice Kande

    PS VTT Dr.Esther Thaara Muoria officiating a target engagement Workshop to collect input on
    differentiated cost unit for Recognition of Prior Learning Assessment cost from stakeholders and build
    consensus and validate the draft DUC of assessing RPL.

    Present during the meeting Chair KNQA, CPA Rosemary Njogu, DG KNQA Dr. Alice Kande, ILO
    Rep.Caroline Njuki, Principals Kabete Polytechnic, Nyeri National Polytechnic, Meru National
    Polytechnic, Eldoret National Polytechnic, FKE, HRMPEB, KNFJKA,KNEC, MOE among others.

  • Bank of Kigali Mobile App transactions rise tenfold on system upgrade

    Bank of Kigali Mobile App transactions rise tenfold on system upgrade

    The volume of transactions handled on the Bank of Kigali (BK) Mobile App increased tenfold in three months following launch of the lender’s upgraded digital system, fresh data has revealed.

    Month-on-month transaction volumes on the BK Mobile App increased sharply to 110,100 as at December 31, up from 10,817 recorded in October 2022, the first month under the upgraded digital system.

    The value of transactions handled on the app increased in tandem to KSh97.8 million as at December 31, up from KSh6.1 million recorded in October.

    “This is a clear sign that our customers have embraced our new, revolutionary digital system including the mobile app,” said the Bank of Kigali CEO, Dr Diane Karusisi.

    Bank of Kigali, a subsidiary of BK Group which is dual-listed on the Rwanda Stock Exchange and Nairobi Securities Exchange, on September 30 last year launched an upgraded digital system with unique biometric recognition capabilities.

    The USSD version of BK Mobile officially went live on Sunday, February 26th, 2023, and in two weeks the platform on-boarded 68,611 users, supporting 139,641 transactions valued at KSh1.1 billion.

    The new BK Mobile USSD interbank transfers capability through the “BK to other banks” feature will allow BK customers to carry out transfers to other banks via USSD.

    “This new feature set is expected to revolutionize the way people conduct financial transactions, making it easier, faster, and more convenient than ever before,” said Dr. Karusisi.

    An average of 2,500 customers onboarded themselves through the BK Mobile App in the three months, adding up to 7,679 new users in the quarter.

    The Internet Banking 2.0 and BK Digital Lending also allows customers to conduct several transactions including transfers and scheduling of advance payments.

    “The data indicates that the system upgrade as well as the new products have become a big hit with our customers including Rwandans in the diaspora,” said Dr Karusisi.

    Account opening time has reduced to just a few minutes from more than an hour previously.

    BK targets to onboard 80 percent of its customers onto its digital platform in two years, up from about 40 percent currently.

    The bank in mid-October signed a partnership with World First Asia to enable its customers to send money instantly to China at a fraction of the cost of other cash transfer services in the market.

    BK’s integration with China’s Ali Pay, a third-party online payment solution owned by Ant Financial, a subsidiary of World First Asia, enables account holders to send money from Rwanda to China instantly through Ali Pay.

  • Baba’s Mass Action is Uncalled for, senior business man speaks

    Baba’s Mass Action is Uncalled for, senior business man speaks

    Businessman Anthony Ngunga

    Various leaders are piling pressure on Azimio leader Raila Odinga to shelf his call for mass action that will culminating with a march to State House.

    Outspoken leader and businessman from Machakos County the Honorable Anthony Ngunga scoffed at Raila saying he is a deterrent to progress.

    ” It’s not that he doesn’t know he lost, it’s only that he wants to spark chaos and anarchy but we have vowed not to give him a chance. This man tried to destabilise three past regimes – that of the late Daniel Moi, the Kibaki Regime which called for a National accord and recently that of the immediate former president his excellency Uhuru Kenyatta. This time round we won’t budge.

    HON Anthony called upon the security apparatus to remain on high alert and avert his shenanigans. He should even be arrested and locked up so that he doesn’t ruin the government of the day and dilute the gains made.

    His sentiments joins that of other leaders from Lower Eastern who unequivocally noted that as leaders they are geared on focusing on the best interest of the Akamba people.

    “In Kamba land we have issues of drought and we are confident of the roadmap his excellency the President Dr William Ruto has taken in matters provision of water for irrigation in order for us to be food secure.

    We promise the president of our unwavering support and promise him also that we are going to continue to stand in solidarity with his administration

  • National Assembly Committee on Defence, Intelligence and Foreign Relations tours Coastal region for oversight role

    National Assembly Committee on Defence, Intelligence and Foreign Relations tours Coastal region for oversight role

    The National Assembly Committee on Defence, Intelligence, and Foreign Relations has toured Mtongwe Navy Base and Mombasa Ship Yard as part of its oversight Mandate.

    During the tour in the company of Vice Chief of Defence Forces Lt. Gen. Francis Ogolla, the committee was taken through the History and operations of the Kenyan Navy.

    Committee Chair Nelson Koech (Belgut) also paid a courtesy call to Kenya Navy Commander Major Gen. Jimson Mutai who also briefed him on the roles organization and functions of the Kenya Navy.

    Kenya Navy Chief of Operations Colonel Michael Atodonyang told the committee that the Navy has played a pivotal role in the provision of Maritime Security that continues to spur growth in the Blue Economy.

    Later, committee Members toured the Mombasa Shipping yard where they got the overview and milestones made so far since its commissioning in December 2021.

    Kenya Ship Yards Managing Director Brigadier Paul Otieno pledged to work closely with the committee to enhance the operations of the facility.

    “The revival of the Kenya Shipyard Limited has been very instrumental in boosting the regional security and economy,” he said.

    Hon. Koech said the committee was open to deeper collaboration with the Department of Defence to ease its work while safeguarding the security of the State.

    “Our doors are open and we are ready to deepen our collaboration with you to help you continue defending our borders on land, at sea, and in the air,” said Hon. Koech.

    “The ongoing midlife refit of Kenya Navy Ship Shupavu and construction of MV Uhuru II is evidence of the impact that KSL is bringing to the economy of the region,” said Brigadier Otieno.

    The committee also undertook a familiarization tour onboard Kenya Navy Ship Jasiri, and also had a sea experience during a short sea ride within Kilindini Harbour.

  • Optiven Group set to achieves another investment at Konza city

    Optiven Group set to achieves another investment at Konza city

    As real estates are running to achieve a big share all over the nation, Optiven Group a trusted real estate has opened its doors in Konza City.

    Tulivu Gardens Phase 2 by Optiven group is here for you who are looking for an affordable investment opportunity.

    Group’s Executive director has affirmed that the group has launched a big garden for people to invest. “We have recently launched the perfect deal in the developing City of Konza where you can invest and watch your investment grow.” Mr. George affirms.

    Geroge says that Konza it’s a prime area stating that its prime for both commercial and residential.

    “This is a prime property that you can use for commercial or residential purposes since the area is experiencing population growth due to the available job opportunities.”

    Optiven is on ensuring that their investments are always affordable at all times. “We have affordable payment plans and during this month, you can deposit 300k in this property and get 4k cashback.” Mr. George says.

    To book a piece here for the early bird offer, call 0790300300/0723400500 or visit www.optiven.co.ke

  • EABL Partners With Upper Tana Nairobi Water Fund Trust To Conserve, Protect And Maintain The Upper Tana Watershed

    EABL Partners With Upper Tana Nairobi Water Fund Trust To Conserve, Protect And Maintain The Upper Tana Watershed

    Through a USD 50,000 grant, East African Breweries Limited PLC (EABL) has partnered with the Upper Tana Nairobi Water Fund Trust towards collaboratively supporting the conservation, protection and maintenance of the Upper Tana Watershed.
    The Upper Tana watershed supports 95% of the water supply for Nairobi, which currently has a population of over 5 million people.  It also generates 50% of the nation’s energy – hydropower.
    The grant will go towards supporting farmers to plant more high value fruit trees that will aid in curbing climate change, while also providing food and additional income for the farmers. The funding will also go towards constructing more water pans and adding irrigation kits at the Upper Tana watershed which includes the Mt. Kenya and Aberdare ranges.
    Speaking at the event, EABL’s Group Corporate Relations Director, Mr. Eric Kiniti, said the company was keen on creating a positive impact in the community and that the contribution capitalizes on collective action towards climate change mitigation.
    “Water is of great value to our business, but we also understand that its value to communities is even greater. Reforestation is vital in supporting water systems thus the need to support tree growing programmes, as well as the protection of water catchment areas. This is why we are investing in upstream watershed conservation efforts, for the benefit of farmers, businesses and more than 9 million Kenyans who depend on the Tana River for their freshwater”. Mr. Kiniti said.
    The Upper Tana Nairobi Water Fund Trust is a public-private partnership working collaboratively throughout the Upper Tana watershed to solve a key challenge – water security for Kenya’s capital city, Nairobi. The mission of the Water Fund is to support the long-term conservation, protection and maintenance of the Upper Tana Watershed thereby improving Nairobi’s water security and the function of hydropower facilities.
    In October 2021, EABL provided a grant of Ksh. 5 million to the fund, geared towards supporting farmers with 15,000 high value fruit trees, 150 water pans and 35 drip irrigation kits. This went towards supporting conservation and sustainable management of Upper Tana watershed through promotion of sustainable land management (SLM) and integrated natural resources management (INRM) practices, thereby improving the livelihood of farming households while promoting watershed conservation.
    During this engagement, farmers living with disability were prioritised to facilitate their access to water. Prior to the project, they were not able to cover the long distances in search of water and resorted to buying water at high prices.
    With the support of EABL and the Upper Tana Nairobi Water Fund Trust, these groups have constructed rainwater harvesting pans, lined the water pans and installed drip irrigation systems. This ensures access to water for their farms and sustainable land management, thus enhancing economic empowerment.
    The new grant will also benefit farmers with disabilities ensuring their continued inclusion in building the country’s economy.