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Monthly Archives: July 2021

Delivery Firm Launches Large Quantity Orders Online

TMX Mzigo, a Kenyan-based courier and on-demand delivery company, has launched a service allows customers to make large quantity orders online from different parts...

CUE Takes On Professional Bodies Over Accreditation Of University Courses

In a letter dated 23rd June 2021 to Vice-Chancellors and Principals, CUE Chief Executive Officer Prof Mwendwa Ntarangwi protested against non-compliance, warning that courses already approved by professionals could be withdrawn and further applications declined. “It has come to the knowledge of the Commission for University Education that professional bodies continue to purport to accredit/approve academic programmes in universities,” Prof Ntarangwi writes.

Naushad Merali, Dealmaker Who Made Sh200M Profit In 24 Hours, Dies

Merali made his wealth by first purchasing unprofitable companies and turning them around in his formative days as an investor. He would then exit at a profit - sometimes attracting criticism when the new buyers failed to profit from the deal. In 2015, Forbes ranked him as the third richest man in Kenya and 48th in Africa with a net worth of Ksh39.96 billion ($370 million).

Mobile Commerce Firm Copia Global Enters Uganda

The expansion will bring high-quality and affordable products to millions of middle class Ugandans, regardless of location, technology access or connection status. According to a 2016/17 study by the Economic Policy Research Centre, Uganda has experienced an upsurge in the middle class. A comparison of previous data revealed that the population doubled from 3.7 million to 8.3 million between 2013 and 2017.

24-Hour Global Screening For Award-Winning Film ‘The 600’

The 114-minute Action Docu-Film, by Great Blue Production, was officially released in Rwanda on 4th July 2019, the 25th official Anniversary of Rwanda’s Liberation Day, when the Rwandan Patriotic Army (RPA) stopped the Genocide and Liberated the Country. And two years later, Nairobi-based MyMovies.Africa™ has organised a 24-hour Global Screening, via ZOOM, for Rwandese living in various Time Zones around the World.

I&M Capital: Bank Unveils New Wealth Management Offering

I&M Bank Limited has over the years provided Investment and Custodial Services and the Wealth Management and Advisory Services Business will complement this offering.

Ksh1 Billion Grant Fund for Kenyan SMEs Unveiled by Stanbic Kenya...

USADF and SKF will provide a combined total of US$10 million (Ksh1.07 billion) in funding towards this initiative targeting 100 percent Kenyan-owned, -managed and -legally registered MSMEs in Kenya.

Top 9 International Series to Binge on Showmax This July

In May, HBO announced that A Black Lady Sketch Show has been renewed for a third season. "Making A Black Lady Sketch Show is a dream come true,” says creator and star Robin Thede.

NSE: Ksh3B Acquisitions Send NBV Stocks Through the Roof

NBV, which started out as a shoe-selling company behind the K-Shoe brand, has undertaken a shift in strategy since the entry of Dubai-based Delta International FZE which acquired an 84% stake in the business.

High Airtime Tax Makes It a Sin To Talk on Phone

Airtime has become the top expenditure in many households, toppling rent in the basket of goods that determine the cost of living in Kenya, according to Kenya National Bureau of Statistics (KNBS) report of April 2020. Naturally, this means any change in airtime prices will have a direct impact on the cost of living and so Kenyans must be braced for tough times ahead.