Japanese automakers Honda and Nissan have announced plans to establish a cooperative partnership to become the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday, December 23, and that smaller Nissan alliance member Mitsubishi […]
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Absa Bank Kenya has moved its Migori branch to a more central location convenient to customers in the town as strategy to be front facing to the customer and to increase its physical footprint. The lender is also giving the branch a major facelift into a pristine, modern and convenient space as part of the strategy […]
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A hospitality management company in the Middle East and Africa, Aleph Hospitality, has added four new hotels in Ethiopia, further solidifying its market leadership in the region. In 2024 alone, Aleph added 13 new hotels to its portfolio and now boasts an active pipeline of over 30 hotels across the Middle East and Africa. A […]
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Listed non-bank financial services firm, Sanlam Kenya Plc, is set to improve its financial position after shareholders approved the Sanlam Kenya Rights Issue through which it seeks to raise a Sh3.25 billion. The company’s shareholders attending an Extra-Ordinary General Meeting (EGM) approved the Board of Directors’ request to recapitalise the leading general and life insurance […]
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A mobility platform, Bolt, has launched “Bolt Market” to meet grocery delivery demand while making everyday shopping more convenient. The company says the move is part of its strategy to expand services, grow its market share, and establish itself as a trusted platform for convenience. Bolt Market will operate within a 10 km radius from […]
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Kenya Revenue Authority (KRA) has hit the one trillion mark after collecting Sh1.005 trillion as of November 30, 2024, reflecting an upward trajectory in revenue collection, compared to previous financial year (2023/2024), when the agency achieved the same milestone on December 7, 2023 with Sh1.009 trillion. Notably, revenue collected in the last five months (July – November 2024/25) […]
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As the year comes to an end, financial industry experts are naming their best performers across the banking sector with top banks scooping most of the awards on consolidating best talent in the industry. The tough economic environment has sparked a competition among bankers for top talent to drive growth through innovative new and bold […]
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Majid Al Futtaim, the operator of Carrefour in Kenya, has taken a deliberate step to nurture the next generation of retailers by opening its first business school in Nairobi. Located at Two Rivers Mall, this initiative is set to upskill over 1,500 employees annually and aims to cultivate the next generation of retail leaders in […]
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Premier Bank has partnered with Mastercard to introduce a collection of Shari’ah-compliant debit, credit, and prepaid cards. The fresh Premier and Mastercard suite will offer features including contactless payments and global acceptance, while also ensuring that all customers can access comprehensive financial services that align with their values and lifestyles. “We are excited to embark […]
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Minor Hotels, an international hotel owner, operator and investor with more than 550 hotels in 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas, has added Anantara Stanley and Livingstone Victoria Falls Hotel to its portfolio in Africa. A debut for both Minor Hotels and Anantara Hotels and […]
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