Equity Bank has announced a planned system maintenance that will affect some of its digital banking services. The scheduled maintenance is set to take place on Friday, 25th October 2024, from 11:00 pm to Saturday, 26th October 2024, at 1:00 am, and on Saturday, 26th October 2024, from 7:00 am to 10:00 am. During this […]
HF Group PLC, a renowned financial services institution in Kenya, has received approval from the Capital Markets Authority (CMA) to proceed with a major rights issue. The company is set to raise up to Ksh 6 billion from its existing shareholders. This ambitious initiative aims to boost HF Group’s capital base, paving the way for […]
BURN Manufacturing, anleader in clean cooking appliances and carbon project development, has secured a significant $15 million investment from the European Investment Bank (EIB). Announced during the World Bank and IMF Annual Meetings in Washington, this funding aims to scale BURN’s innovative clean cooking solutions to over a million households across East Africa. Scaling Clean […]
Dr. Agnes Kalibata, the long-serving President of the Alliance for a Green Revolution in Africa (AGRA), has been awarded the prestigious Justus Von Liebig World Nutrition Award for her significant contributions to global food systems and nutrition. The award, which is given biennially by the Foundation fiat panis, honors individuals who have made outstanding contributions […]
Moody’s Investors Service has reaffirmed the East African Development Bank’s (EADB) Baa3/Stable rating, citing the bank’s strong capital foundation, improved non-performing assets ratio, and robust liquidity levels as key factors driving the rating. The affirmation solidifies EADB’s status as the highest-rated financial institution in the East African region, reinforcing its position as a critical financier […]
Savannah Clinker Limited has made a new formal bid to acquire up to 100% of the shares in Bamburi Cement PLC, marking a significant move in the competitive cement industry. The company announced the offer with the submission of its Competing Offeror’s Statement, which proposes a cash consideration of KES 70 per share. This offer […]
Jubilee Health Insurance, in collaboration with Diamond Trust Bank (DTB), has launched a groundbreaking digital payment solution aimed at revolutionizing the way Kenyans pay for health insurance. This innovative service allows customers to pay their health insurance premiums in flexible instalments, significantly enhancing accessibility and affordability for millions across the country. The new solution, known […]
Superfoam Ltd., the country’s leading manufacturer of high-quality mattresses and sleep products, has introduced an innovative new product that promises to transform the way Kenyans sleep: the Latex Spa Mattress. This latest innovation from Superfoam is designed to provide unparalleled comfort and support by merging natural materials with advanced sleep technology. The Importance of Quality […]
Unitaid, with funding from the UK, announced a $22 million investment to establish Africa’s first liquid oxygen manufacturing program in Kenya and Tanzania. This initiative, centered on East and Southern Africa, will create production facilities to improve access to medical oxygen across the region. The program represents a regional approach to oxygen production in Africa, […]
Huawei Kenya recently hosted its second ICT Competition roadshow at Kenyatta University, aiming to recruit over 7,000 students across Kenya to participate in the 2024-2025 Huawei ICT Competition. This nationwide campaign seeks to attract bright students from universities and technical colleges to showcase their technology skills in one of Huawei’s flagship talent programs. The competition […]
