National Bank of Kenya has launched new banking product, Almasi Lady, targeted mainly at Muslim women. Speaking at the launch, National Bank’s Director of Islamic Banking Mr. Musa Adan said, “Almasi Lady is a further extension of our Islamic Banking offering, National Amana concept in making, but fashioned to take care of need of women…
LG’s revolutionary R1 compressor to set new air conditioning industry standards
In today’s fast-paced business world, companies are under mounting pressure to gain a stronger foothold in the market. As industries experience intense competition, businesses are aggressively looking for more opportunities. Their approaches to this end include completely revamping their business models. These companies seek to reinforce the chief parts of existing products, many of their…
CMA publishes first State of Corporate Governance Report
The Capital Markets Authority (CMA) has published the first State of Corporate Governance Report based on an assessment of 56 issuers of securities to the public in 2017/18. The report is aimed at raising visibility of the state of corporate governance of issuers of securities to the public in Kenya in order to empower investors…
Safaricom partners with KAPS for M-PESA parking payments
Safaricom has partnered with KAPS to enable motorists across the country pay for their parking by M-PESA. The partnership will see the service provider integrate M-PESA to their platform, allowing cashless payments at more than 50 locations including malls and hospitals for the first time. “We realized that parking is one of the services that…
Debutant Thiong’o crowned LG December’ best
Kakamega Homeboyz attacking midfielder Peter Thiong’o has been named Sportpesa/LG December 2018 player of the month at an award ceremony held at Bukhungu Stadium in Kakamega County on Wednesday morning. The 19 year old consequently takes home a Sportpesa crafted personalized trophy, a 49 inch LG television and Sh100000. Thiong’o who’s featuring in the Sportpesa…
Kenya leads the continent with first airport solar project
Kenya becomes the first country in Africa to host a one of a kind pilot project consisting of a ground-mounted 500kW solar power generation facility and mobile airport gate electric equipment. By providing pre-conditioned air and compatible electricity that runs on solar energy to aircraft during ground operations, this new solar-at-gate project will eliminate carbon…
Cytonn’s Kshs 2.5 billion Karen development launched
Cytonn Real Estate – the development affiliate of Cytonn Investments unveiled its a Ksh 2.5 billion development in Karen in an exclusive event held at their recently completed 1 billion development also in Karen known as Amara Ridge. The Project named Applewood is located on Miotoni road. Applewood, which sits on 10 acres of land,…
Stick to your New Year’s Resolutions this February thanks to LG
Following the long Christmas holiday, an obsession to cut weight is back! Despite Njaanuary, the need to keep fit is remains a necessity. According to the WHO report on Africa, life expectancy across Africa is improving significantly having jumped from 50.9 years in 2012, to 53.8 years in 2015. Instances of deaths resulting from major…
NSE admits first hostee onto the Ibuka program
The Nairobi Securities Exchange Plc (NSE) has today admitted APT Commodities Limited as the first company to join the Ibuka Program; NSE’s incubation and acceleration program. The admission comes following a rigorous evaluation and vetting process that resulted in APT Commodities Ltd. becoming the first company among an elite cadre of enterprises expected to join…
Nokia 3.1 Plus arrives in Kenya
HMD Global, the home of Nokia phones, has today announced that the new Nokia 3.1 Plus is now available to buy from Ksh17500. Commenting during the announcement, Mark Misumi, HMD Business Manager East Africa said, “with a lot of people sending us positive feedback about our Nokia 3.1, we have decided to take the experience…
LG reports highest annual profit for home appliances and entertainment in business history
LG Electronics Inc. (LG) announced record full-year revenues of USD 54.4 billion in 2018, exceeding sales of 60 trillion won for the second year in a row. Full-year profit of USD 2.40 billion increased nearly 10 percent from 2017 reflecting record profitability from appliances and home entertainment products. Fourth-quarter 2018 revenues of USD 13.99 billion…
Telkom to expand network coverage and capacity
Telkom will dedicate KSh. 1 billion into the expansion and optimisation of its 4G and 3G network. The network roll-out will see to the improvement of mobile connectivity, boosting the quality of service to customers. Telkom CEO, Mr. Mugo Kibati, says: “It remains our objective to entrench our position as Kenya’s preferred Data network, which…
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