By Lydia Kanyoro When you think of a gated community, what comes to mind is probably fully-fledged “cities”. Or, well-planned luxurious homes which incorporate strict safety and security measures, privacy and amenities surrounded by high perimeter walls. You may find it odd but what else lies beyond those gates? Is it bordered on investment or it is the right fit for you and your family? Over the years, the demand for real estate in many developing countries such as Kenya has been increasing. However, sustaining an urban environment while balancing the demand and supply has become a major challenge. Rarely…
Author: Nairobi Business Monthly Reporter
Institute of Pension Management (IPM) and the School of Pension and Retirement Studies (SPRS) will jointly offer financial training to both individuals and corporates in a bid to deepen financial literacy and investment knowledge in the pension industry. The institutions have set aside an initial investment of Sh3mn to offer specialized pension industry driven courses and trainings with a view of developing capabilities of actors in the industry. “We are greatly honoured to work with the School of Pension and Retirement Studies and synergize our expertise in a training partnership to help expand financial literacy, improve investor knowledge and promote…
Vivo smartphone has partnered with Kenya’s online retailer Jambo Shoppe as it aims to increase its footprint in the Kenyan market and provide a secure convenient way for consumers to shop online. This will increase accessibility and visibility of vivo mobile phones to potential customers as consumers now opt for online shopping over physical shopping. According to a Master Card study on consumer spending in February 2021, 79% of consumers in Kenya are shopping more online since the onset of the COVID-19 pandemic, an indication that the country’s smartphone market offers a favorable competitive landscape. “With consumers considering online purchasing options, this partnership…
Global ICT provider opens shop in Kenya, with a promise to help clients ‘seize new opportunities through selection and implementation of relevant technology’ BY Victor Adar Global ICT solutions firm, Echo International, has launched into the Kenyan market, seeking to tap into the country’s vast ICT space. Working through its local subsidiary, Echo Kenya, the firm will offer cloud-based ICT solutions with a focus on building partnerships with corporates, enterprises, and multinational enterprises. Through these partnerships, Echo will help its clients seize new opportunities through selection and implementation of the relevant technology to optimise their workforces and other resources in…
Accountancy profession is fast becoming unappealing to young people as per a report by the Association of Chartered Certified Accountants (ACCA) and the International Federation of Accountants (IFAC) published yesterday. The report gathered the views of 9,000 18 to 25-year olds globally, including 158 in Kenya and decodes the age old problem of aspirations and fears of this up-and-coming generation of young professionals, while also offering employment advice for them and employers alike. Steve Obuogo of ACCA says the findings present both challenges and opportunities for the accountancy profession and business both in Kenya and globally. That’s simply because Gen…
Customers in the North Rift region have a reason to smile after Prime Bank opened a branch in Kitale town, Trans Nzoia County, in a bid to target the farming and agribusiness sectors. The bank’s managing director Bharat Jani said that the new outlet is located at the Khetia Supermarket Gigamart on Mount Elgon road, and will complement the already existing branch in Uasin Gishu County, Eldoret town. “The opening of the branch in Kitale is a clear indication that our program to support farming and agri-businesses sectors in value chain is on course since agriculture accounts for over 50 per cent of…
Global Nutritional Solutions (GNS) yesterday unveiled GNS Bovita and Maziwa Block range of products, a mineral and vitamin supplement, in a bid to improve milk production, fertility, and the general health of livestock. The supplementary feeds will be distributed by iProcure, the firm’s sole distributor in the East Africa region. Additionally, Bovita Maziwa is taking centre-stage in providing in-class training to farmers especially through workshops. “Our commitment to farmers is to drive down the cost of production by leveraging iProcure’s distribution network and technology to provide farmers with nationwide access to high quality, yet affordable livestock nutritional supplements, leading to on-farm productivity,…
Dubai Islamic Bank Kenya (DIB Kenya) has introduced PesaLink, an interbank transfer digital payment solution, to strengthen its digital banking and provide more convenience to customers. The bank’s managing director, Peter Makau said that the introduction of PesaLink service will ensure that customers are able to make single payment transactions of up to Sh300,000 and up to a daily aggregate limit of Sh999,999. “We are committed to the continuous improvement of our banking services for the benefit and convenience of our customers,’’ said Mr Makau. The introduction of the real time 24-hour digital payment solution by the bank comes at…
With plans of decongesting the Nairobi CBD in mind, the Nairobi Metropolitan Services (NMS) has been working on the Green Park terminus, a terminus that will act as a pick up and drop off point for matatus. However, its commissioning has been delayed since December last year. Now, Kenyans can at least see progress as the NMS recently conducted a test run and also stated its plan to charge service fees to run operations of the terminus. NMS carried its three-hour test at the terminus, which is located at the former Lunar park, last month. According to General Major General…
Postal Corporation of Kenya (PCK) and TAZ Technologies have inked a deal that will see postal items, mails and parcels originating from the Post Office delivered to the customer’s doorstep. The partnership will see PCK integrated into the TAZ delivery system, named “Tap-A-Delivery” which is a real time e-commerce courier service app that collaborates with Uber and other logistics and taxi companies for last mile delivery across the country. During the signing of the agreement, Dan Kagwe, the Postmaster General and CEO of PCK said the partnership was a culmination of past collaboration which anchored the launch of MPost, a…