Author: Newsroom

Hollard International
Corporate
Newsroom

Insurer Hollard acquires stake in APA, eyes Uganda and Tanzania markets

South Africa headquartered Hollard International has expanded its presence in Africa through a deal to acquire a stake in Apollo Investments Limited, the parent company of APA Insurance. This investment, subject to regulatory approvals, provides Hollard with a foothold in the East African market. It also complements its existing operations in Southern and West Africa. Hollard becomes the second international investor in the Kenyan group, following Swiss Re, which acquired a stake in 2014. For APA, this partnership offers Kenya’s second-largest insurer access to a broader market. “It’s an exciting time for APA because the Hollard International partnership will open new doors and new avenues

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Wezesha Stock
Corporate
Newsroom

Absa Kenya’s steps toward a financially stronger nation

Financial wellness has become a crucial pillar for the achievement of individual dreams and the collective prosperity of Kenya’s diverse population. It is a concept that extends well beyond the realm of monetary transactions, encompassing various facets of financial stability, knowledge, and empowerment. As Kenyans from different walks of life navigate the intricate landscape of economic challenges and opportunities, the demand for financial products has never been more evident. The latest initiative by Absa Bank Kenya, known as “Every Kind of Financial Solution for Every Kind of You,” underscores a pivotal notion – that the significance of financial products transcends mere transactions. Absa Bank Kenya’s

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Moses Muthui
Corporate
Newsroom

Moses Muthui named as Absa Kenya Consumer Banking Director

Moses Muthui has been appointed as the new Director for Consumer Banking at Absa Bank Kenya. Before taking on this new role, Moses served the Pan-African lender as Chief Strategy Officer and Head of CIB Finance. In his upcoming role, which is pending regulatory approval, Moses will be responsible for leading the retail banking unit of the Nairobi Securities Exchange-listed bank. He will oversee sales and distribution, as well as steer the bank’s product propositions and segments, cards and payments, bancassurance, and Absa’s asset management business. Furthermore, Moses will continue to provide overall leadership to the marketing team in our efforts to establish a trusted

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NCBA Leasing
Corporate
Newsroom

NCBA Leasing shining a path to a greener tomorrow

In a move towards advancing clean energy adoption, NCBA Leasing LLP has introduced a Kes500 million solar financing facility, aimed at accelerating the adoption of solar power across various industries. This Solar Financing Product will empower businesses by offering them a dependable and cost-effective means to invest in solar power systems, thereby removing the financial obstacles that have hindered solar adoption. “As operational costs continue to rise, it is increasingly essential for enterprises to explore alternative power solutions that not only reduce expenditure but are also environmentally friendly,” said NCBA Leasing LLP Deputy Director Robert Marete. The launch of this initiative was celebrated during the

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OktobaFest
Brands
Newsroom

OktobaFest’s Sh30 million treat for Gen Z

Kenya Breweries Ltd, the owners of Tusker beer, and Safaricom, have signed a Kes30 million deal to provide connectivity during the upcoming OktobaFest, supporting Gen Z through Safaricom Hook while empowering digital lifestyles through M-PESA. Safaricom Hook is one of the latest offerings from the tech company aimed at nurturing and supporting the aspirations of Gen Z while transforming their lives. During the festival, attendees will have the opportunity to engage with the platform’s three key hooks: technology, career, and culture. “Today’s partnership symbolises the coming together of two iconic Kenyan brands to celebrate our Kenyan identity and leverage our strengths in creating Kenya’s most

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In Brief
Newsroom

Aga Khan University’s e-book chronicles 10 years of quality teaching

The Aga Khan University (AKU) has launched an e-book, which is a compilation of impact stories in higher education, as it celebrates its 10-year anniversary. AKU is a non-profit institution and a unit of the Aga Khan Development Network. Over the past decade, AKU has transformed the landscape of higher education at the university and in the communities they serve. The e-book, titled “Transforming Teaching & Learning in Higher Education: Stories of Impact from the Aga Khan University,” was co-broadcast with Advance HE in the UK. It includes retrospective stories from faculty and academic staff who illustrate the transformative power of education and the AKU’s

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ILAM Fahari I-REIT
MarketsNews
Newsroom

ILAM FAHARI I-REIT redemption oversubscribed by 13.08 percent

The redemption offer for ILAM Fahari Real Estate Investment Trust, a real estate investment trust listed on the Nairobi Securities Exchange (NSE), has been oversubscribed by 13.08 percent. This development now clears the path for the next stage of strategic restructuring for this investment vehicle. Dislosures show that throughout the offer period, the REIT Trustee received applications for the redemption of 41,371,604 units, representing a subscription rate of 113.08 percent. Additionally, the REIT received applications for topping up additional units, totaling 421,945, from Non-Professional Investors. In announcing the results of the offer, Mr. Einstein Kihanda, CEO of ICEA LION Asset Management (ILAM), stated that the…

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Cybersecurity
Technology
Newsroom

Escalating cybercrime in Kenya fuels calls for heightened data security

Businesses and government entities have been challenged to prioritize investments in modern technologies that can safeguard sensitive data and vital systems against the ever-evolving landscape of cyber threats. This was the primary call to action following a meeting organised by tech giant Safaricom as part of Cybersecurity Awareness Month.  In a summit held under the theme “Becoming a Cyber Resilient Organization,” over 400 cybersecurity industry leaders and professionals engaged in crucial discussions surrounding the latest cybersecurity trends and the evolution of enterprise networks. “Attackers are constantly working on designing, building, and evolving solutions to bypass or overcome the most advanced cybersecurity solutions. This has created

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Prince Harris Taga
Counties
Newsroom

Prince Harris Taga: The Maasai Mara national hero

In the heart of Kenya, where the untamed savannah stretches as far as the eye can see, and the rhythms of nature govern life, Prince Harris Taga, affectionately known as Prince Harris, has emerged as a beacon of hope and change. His unwavering dedication to the Maasai Mara National Reserve, a treasure trove of biodiversity, earned him the prestigious National Heroes Award at the Mashujaa Day Celebrations. However, Prince Harris’s journey from a local Maasai tribesman to a national hero transcends mere accolades. He is the visionary founder of Mara Napa Camp, a social impact luxury camp, and the tireless president of both the Mara

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QNET
Health
Newsroom

QNET marks 25 years of pioneering health, sustainability

For 25 years, QNET—a global company with a focus on wellness and lifestyle—has not only savored success but also demonstrated its commitment to health and environmental responsibility. QNET held a remarkable double convention in September 2023. This occasion attracted a total of 20,000 attendees from over 20 countries. In marking 25 years in business, QNET has unveiled two innovative products, reaffirming its dedication to healthier living and eco-conscious choices. The star product was the Homepure Nova with Pi-Plus Cartridge, an upgraded version of HomePure Nova 9-stage water filtration system. This innovation promises enhanced hydration and a boost of antioxidant benefits in your drinking water. Commitment

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