Author: Kaluka wanjala

At the opening of the World Skills Kenya National Competition Final on Monday 19th August, Huawei Kenya announced its sponsorship for the event and support for training students in 5 tracks. World Skills Kenya is led by Director General of TVET Authority, Dr. Kipkirui Langat, and is taking place this week at Kenya School of TVET, as part of the international competition. The national competition was opened by Cabinet Secretary for Education, Hon. Julius Ogamba, and attended by PS for TVET, Dr Esther Muoria amongst other dignitaries and partners including the International Labor Organisation, UNESCO, Kenya National Chamber of Commerce and…

Riara University has broken ground to build a new campus at the Konza Technopolis. The Kshs 20 billion Riara University – Konza Technopolis Campus will be the second and main campus for the university which is accredited by the Commision of University Education (CUE) and the Council of Legal Education (CLE).  .  “The Riara University-Konza Technopolis Campus is poised to accelerate the next phase of our growth and development in line with our motto of nurturing innovators,” Ptof. Robert Gateru, the Vice Chancellor said. The ground breaking, officiated by the Chief of Staff and Head of public Service Felix Koskei, marks the beginning of…

The OPPO Reno 12 5G is the latest smartphone from the company to launch in Kenya. The phone has been launched today and is available for ksh 70,000. The OPPO Reno 12 5G is the successor to the Reno 11 that we saw in Kenya earlier this year. This phone builds on the Reno 11 series and promises a better user experience leveraging AI. The phone has a number of AI features that can help with photo editing (erasing objects from your photo). There is also a feature to summarize your audio records into text just to name a few. These…

NCBA Group has posted a profit after tax of Ksh 9.8 billion in its first half of 2024 financial results which is a 5.0 per cent increase compared to Ksh 9.4 billion reported during a similar period in 2023.  Key Highlights Customer deposits closed at Ksh 529 billion, 2.4 per cent up year on year. NCBA demonstrated strong financial fundamentals recording positive operating income  of Ksh 31 billion and a decline in loan impairment charges of 38.3 per cent year on year,  backed by the Group`s five strategic pillars; Become a Distinguished Brand Known for  Customer Experience, Scale Retail Banking,…

I&M Group PLC has increased its Profit Before tax by 24% to Ksh 8.7 billion in first half of 2024, up from Ksh 7.0 billion in the same period in 2023. The Bank reported strong operating revenues across all its markets, with regional businesses accounting for 26% of the Profit Before Tax. Operating income was driven by growth in the corporate and retail segments, which saw increases of 49% and 34% respectively. Key Financial Performance Highlights Balance sheet highlights Income statement highlights I&M Bank Kenya Commenting on the results, Mr. Gul Khan I&M Bank CEO said, “We are pleased to…

Standard Chartered Bank has today released its results for the period ended 30 June 2024. the bank made Ksh 14.5 billion profit before tax for the first half of 2024. Kariuki Ngari, Chief Executive Officer, said, “We delivered a strong set of results for the first half of the year with profit before tax up 50 per cent to KShs 14.5 billion. Our top-line recorded growth of 25 per cent, supported by continued momentum that saw strong growth in Non funded income ( NFI) from increased transactional volumes, as well strong net interest income. Good cost discipline has enabled us…

Moringa School has partnered with CompTIA to offer an 18-week Cyber Security Analyst Course (CySA+). The collaboration kicked off with a masterclass and networking event aimed at equipping cyber security professionals with the skills and knowledge to safeguard their organizations against emerging threats. The event, themed “Future Proofing the Cyber Security Workforce,” was tailored to the needs of CTOs, CISOs, IT managers, educators, policymakers, and industry leaders. It focused on providing the tools and insights necessary to navigate the rapidly evolving digital landscape. As cyber threats grow in sophistication, the need for a highly trained and agile workforce becomes paramount. Participants in…

Absa Bank has announced plans to expand its agency banking network from 600 outlets to over 17,000 outlets in the next 2 years. The bank’s agency network stands at 600 at the moment and will be expanded in two phases. The first phase will expand the network to 3000 outlets. Through this expansion, Absa hopes to expand accessibility to essential financial services for individuals and businesses within their localities. Customers can use the agency network for cash deposits, withdrawals, and other transactions. This is inline with the bank’s long-term goal of financial inclusion. 17,000 outlets is a good start but is…

Datacentrix has been recognised as IT Services Partner of the Year by Huawei, a global provider of ICT infrastructure and smart devices. The award was presented at the recent Huawei Africa Connect 2024 event. Taking place at the Sandton Convention Centre in Johannesburg, Africa Connect featured a number of expert Huawei speakers, a 2,500m2 exhibition space and over 2,000 participants. According to Louis Van den Berg, Business Development Manager at Datacentrix, the company has continued to excel with Huawei locally. “Datacentrix earned the title of IP Services Partner of the Year in 2023 for its prowess on the networking side of the…

Kenya Airways PLC has for the first time reported a profit after tax since 2013. For the first half of the financial year ending June 30, 2024, the airline achieved a profit after tax of Kshs 513 million, from the Kshs 21.7 billion loss reported in the similar previous period. The airline attributes the growth to its strategic turnaround plan, Project Kifaru, which emphasises customer obsession, operational excellence, financial discipline, innovation, and sustainability. “The impressive performance reaffirms the operational viability of our business and underscores the effectiveness of the collective efforts by our board, management, and staff,”said Kenya Airways Chairman, Michael…