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BUSINESS

This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

Jambojet Plane Rebranded to Market Kenya for KTB Partnership

Jambojet offers various advertising options including the Jambojet website, boarding passes, tray tables, in-flight announcements, in-flight sampling, e-newsletter, headrest covers, and flight itinerary branding.

Samsung Named No.1 Global TV Manufacturer for 15 Consecutive Years

Locally the electronics manufacturer also noted an increase in the purchase of TVs especially at the onset of the Covid-19 pandemic in 2020 with more Kenyans choosing to upgrade their TV sets from normal digital TV’s to smart TV’s, to bigger TVs and many other options that are available in the market.

Britam Sends 138 Workers Home as Restructuring Begins

The firm, which recently appointed strategy expert Tavaziva Madzinga as CEO following the retirement of Benson Wairegi after 40 years at the firm, stated that the restructuring would be complete by May 2021. The new structure is designed to drive enhanced digital innovation in Britam's solutions and product development.

15 Inspiring Women in Corporate Africa

According to McKinsey's Women in the Workplace 2020 study, women make up 48% of entry-level employees, but only 38% of managers, 34% of senior managers or directors, 29% of VPs, 23% of SVPs, and just 22% of C-suite executives. We kick off with our top 15 list of African women in the Corporate world. These women have torn down gender bias in the workplace by taking up SHE-EO (CEO), founders, head officers, and managerial seats in some of the continent's leading companies.

What Safaricom Would Look Like Broken Up as MPs Push to...

The bill seeks to amend Section 25 of the Kenya Information and Communications Act to require anyone operating a telecommunications service to “obtain the relevant licences from the respective regulators of any industry ventured into.”

Moi Men Take on The Govt in Battle for Kenya Seed...

Led by former CEO Nathaniel Tum, the private shareholders have summoned an annual shareholder meeting. They plan to appoint new directors and a new Chief Executive, and to declare dividends for the past six years. The government has insisted that the firm is a parastatal majority owned by the government, while private shareholders lay claim to 60% stake in the firm.

Mobile Loans: New Bill Changes Lenders’ Playbook

The ease of sending and receiving funds via mobile money in Kenya, as well as the country's relatively high internet penetration rate have contributed to their rise. These factors, combined with Kenya's youth unemployment rate (39% according to 2019 Census data) has created a monster that has left financial services regulators scratching their heads.

PayPal Nightmare Experiences Leave Kenyan Writers, Online Freelancers Broke & Distressed

Numerous Kenyan freelancers have been left frustrated and distressed thanks to their experiences with the service. With payments withheld and some losing their accounts in questionable circumstances, more of them are searching for alternatives.

10,000 Kenyan Bartenders to Receive World Class Training at New Diageo...

With bars' operating hours in Kenya restricted due to Covid-19 restrictions, many bartenders have been engaged in other activities even as others grapple with unemployment and wage cuts. It is expected that the program will offer them an opportunity to use the time on their hands to upgrade their skills to world-class standards, placing them in a good position to bounce back from the shocks of the pandemic.

Tea Prices Drop as High Volumes Persist

A global oversupply of the beverage coupled with market disruptions from the Covid-19 pandemic has seen prices continue on a downward trend for a third consecutive year.