Author: Kang'ethe Njoroge

Air France has announced an increase in daily non-stop flights between Paris and Nairobi from four up to seven effective 15 June 2023.   An increase in seat capacity in Kenya this year attributed to increased leisure travel between Charles de Gaulle and the Jomo Kenyatta International Airport The route expansion is also aimed at benefiting French and Kenyan companies, especially in horticulture, pharmaceuticals, and other businesses that depend on air transport. Air France, the French national carrier, has announced an increase in daily non-stop flights between Paris and Nairobi from four to seven effective 15 June 2023. The extension affirms…

The challenge of improving access to energy will be addressed at the upcoming Enlit Africa conference and expo when it returns to Cape Town from 16–18 May 2023. The conference keynote session focuses on Africa’s just energy transition and the importance of ensuring that energy access is a central outcome of that transition. A flagship annual industry event since 2000, Enlit Africa offers more than 5000+ attendees, representing the entire power and energy value chain. The challenge of improving access to energy will be addressed at the upcoming Enlit Africa conference and expo when it returns to Cape Town from 16–18 May…

Bamburi Cement PLC has appointed Mohit Kapoor as the new Group Chief Executive Officer (CEO), effective April 1, 2023, subject to regulatory approvals. An electrical engineer, marketer and supply chain expert by profession, Kapoor was the Country CEO for Holcim Qatar prior to this appointment.  Seddiq Hassani concludes his 5 year tenure leaving behind a stable and resilient brand.  Bamburi Cement PLC has appointed Mohit Kapoor as the new Group Chief Executive Officer (CEO), effective April 1, 2023, subject to regulatory approvals amidst dwindling profits. Kapoor succeeds Seddiq Hassani, who has served as the company’s CEO since his appointment on…

● Hospital Sente is available to all Airtel Money customer via *185*7*6#. ● Hospital Sente offers hospital cash pay out to beneficiaries upon inpatient hospitalization at any accredited hospital for up to 10 nights within a policy year. ● The product offers a funeral benefit which provides cover to the member on death due to natural or accidental causes. Airtel Mobile Commerce Uganda Limited (AMCUL) has  partnered with Prudential Assurance Uganda Limited and insurtech firm Turaco Insurance Brokers LTD to provide ‘Hospital Sente’, a low-cost hospital cash insurance product with Funeral Benefits, aimed at increasing access to insurance for underserved…

Sub-Saharan Africa recorded music market revenue grew by 34.7 percent in 2022 becoming the fastest growing market in the world. SSA growth was largely driven largely by a significant boost to revenues in the region’s largest market, South Africa that grew 31.4 percent. Recorded music revenues grew in every region around the world in 2022. Sub-Saharan Africa recorded music revenue market grew by 34.7 percent in 2022 becoming the fastest growing market in the world in the period under review, according to International Federation of Phonographic Industry (IFPI), the organisation that represents the recorded music industry worldwide latest report. Figures…

Economic experts are of the view that the banking crisis that spooked investors and sent shockwaves around the world could ultimately be beneficial for global financial markets.  DeVere Group CEO Nigel Green says banking crisis could ultimately prove to be beneficial for global markets.   The emergency lifelines being thrown to banks by regulators and governments, among others, appear to have now halted contagion within the sector. The banking crisis that spooked investors and sent shock waves around the world could ultimately be beneficial for global financial markets. This is according to Nigel Green, the CEO and founder deVere Group, one…

Kakuzi Plc has posted a profit of $6.4 million for the financial year ended 31st December 2022, a 62 percent increase compared to the previous year. Total sales revenue amounting to $33 million, up from $24.5 million posted the previous year,  boosted by higher production of avocados and additional sales for forestry, livestock, and blueberry produce in the local market. Kakuzi shareholders will enjoy an 8 percent per share dividend paid at $0.18 (Sh24)rate as recommended by the board. Agricultural firm Kakuzi Plc has posted a profit of $6.4 million for the financial year ended 31st December 2022, a 62…

Kenya has allocated $514 million in road improvements across the country. This is a 22.2 percent increase in the funds allocated for road maintenance for the full year FY2021/2022.  KeNHA is set to receive the largest share of the budget totalling to $212 million Kenya has allocated $514 million in road improvements across the country for the year 2022/2023, a 22.2 percent increase in the funds allocated for road maintenance for the 2021/2022 full year.  Latest data from the Kenya Roads Board Annual Public Roads Programme 2022/2023 report indicate that money was allocated to Kenya National Highway Authority (KeNHA), Kenya…

NCBA in partnership with the Kenya Mortgage Refinance Company (KMRC) has rolled out a home acquisition initiative that will enable Kenyans own a home at affordable interest rates. The proposition will allow NCBA customers to own homes starting from 9.5 percent interest rate.  The mortgage loan will be used to acquire new homes or to construct for residential purposes, in major towns across the country. NCBA in partnership with the Kenya Mortgage Refinance Company (KMRC) has  rolled out a home acquisition initiative that will enable Kenyans own a home at affordable interest rates. The proposition will allow NCBA customers to…

In Kenya, 37,000 metric tonnes of plastic get into the Indian ocean annually causing devastating disruption in our marine ecosystem. The successful innovations developed through the Afri-Plastics Challenge have paved the way to revolutionise Africa’s approach to reducing reliance on plastic. Out of the 9 shortlisted start-ups, five were women-led, and two from Kenya won a total of £500,000. Kenya scored big at the inaugural Afri-Plastics Summit & Awards ceremony when five out of a total nine start-ups scooped £2M as part of the Afri-Plastics Challenge, a continent-wide plastics innovation challenge worth £4.1M. The awards were the culmination of a…