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Data Protection Comissioner kassait Immaculate
BusinessTechnology

SMEs, Saccos Urged to Fasten Data Privacy Laws Compliance

by Kwabe Ben September 16, 2022
written by Kwabe Ben

The 2022 Data Protection and Privacy Survey report by consultancy firm Ernst and Young showed that Saccos, non-governmental organizations (NGOs), research firms, and small and medium enterprises (SMEs) are lagging in compliance with data privacy laws.

Urging these entities to quicken the installation of technology that prevents data theft or destruction, train employees in compliance with the new data protection laws, and appoint data protection officers.

The survey follows a similar report released last year showing more than a fifth of Kenyan companies shared customer financial and personal information without consent. Hence a directive for the entities to seek registration as data processors or controllers with the Office of Data Protection Commissioner (ODPC).

According to the report, banks, insurers, telcos, and healthcare firms are leading in compliance with data privacy laws and registration, which has seen them reduce intentional breaches of personal information.

“Certain industries are aware (of their obligations), and we want those lagging, like SACCOs, NGOs, and others to catch up with the banks so that we do not have either intended or unintended selling of data or transfer of data,” said Ernst & Young digital, analytics and cybersecurity solutions partner, Robert Nyamu.

Further, he stated the need for Data Protection is mandatory to close the gap for theft of customer and employee personal information and transfer to third parties.

Data privacy compliance and registration are necessary for business operation and licensing as the regulator seeks to secure business data safety.

September 16, 2022 0 comment
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Ecobank partners with AMA Academy to train African journalists
AfricaEducationNews

Ecobank Partners With AMA Academy To Train African Journalists

by Ndungu Brian September 16, 2022
written by Ndungu Brian

Ecobank Group has partnered with AMA Academy, the only free-to-use pan-African online learning platform dedicated to upskilling journalists in Africa.

Under the partnership, Ecobank Group and AMA Academy will work together to develop customized fintech training modules for business, finance, and tech journalists across the continent. Modules will be available in two languages: English and French.

The five-module curriculum will be taught online by industry experts and will culminate in recognition and other awards for Africa’s top fintech journalists. It will cover topics including the history of financial services in Africa, its transformation, blockchain, AI in fintech and Open Banking. It will also cover security, regulation, governance, inclusion, and future trends of the fintech market in Africa.

The partnership aims to provide a deeper knowledge and understanding of the fastest-growing industry on the continent and improve the quality of reporting and have more effective public awareness.

Africa is responsible for an astonishing 45.6% of mobile money activity in the world – a phenomenon made possible by the rapid growth in access to the internet and smartphone devices, and further accelerated by the COVID-19 pandemic in 2020.

According to tech industry researchers, in 2021 fintech companies received 60% of the over $4 billion investments in the tech industry, surpassing total investments made into the broader tech start-up ecosystem in previous years.

An estimated 6 million young Africans gain access to the internet every year, delivering ripe growth prospects in budding fintech sectors like agriculture, insurance, healthcare, clean energy and education; in addition to relatively unexplored areas such as crowdfunding, blockchain technology, artificial intelligence and augmented reality.

Eloïne Barry, Founder and Chief Executive Officer of African Media Agency and AMA Academy, said “We are delighted to partner with Ecobank Group, which is at the forefront of fintech transformation and progression in Africa. Our Academy is equally committed to enhancing the skills of journalists by creating access to experts and training. Journalists are often faced with several beats to cover, and our aim is to help support the quality and effectiveness of their reporting.”

“In the midst of all the positivity around growth in the African fintech industry, there is a deficiency and imbalance in how this story is told and understood. The narrative today is driven by international media sources. We lack a strong homegrown narrative with an in-depth analysis of what is really taking place in Africa, by Africans. This course will give journalists the confidence, skills and understanding required to become as relevant and competitive as journalists operating within the same space globally,” Eloïne Barry added.

Djiba Diallo, the Senior Fintech Advisor at Ecobank Group, commented on the partnership saying “The continent has seen the rise of ‘challenger markets’ outside of the traditional strongholds of Nigeria, Kenya, and South Africa to include Ethiopia, Ghana, Rwanda, Senegal, and Uganda, just to mention a few. These are countries in which Ecobank is present and where the fintech media training course will have a real impact. As a pan-African banking Group, we are committed to growing local fintech solutions, many of which have the potential to become global solutions, and to empowering our local media partners.”

September 16, 2022 0 comment
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ICPAU to aid SMEs
Business

ICPAU Seeks to Empower SMEs in Uganda

by Kwabe Ben September 16, 2022
written by Kwabe Ben

The Small and Medium Enterprises (SMEs) in Uganda are set to achieve a milestone in their productivity when it comes to skills of financial reporting after a volunteer opted to pro bono their skills acquisition.

The Institute of Certified Public Accountants of Uganda (ICPAU) opted to bridge the gap to increase the number of SMEs in financial reporting with the Environmental, Social, and Governance (ESG) reporting component.

This is essential as the world aims at dealing with the climate crisis at hand. Hence every company needs to ensure they prioritize the environmental aspect of reducing carbon emissions and deforestation.

Mr. Charles Lutimba, manager of standard and technical support, ICPAU remarked that pro bono services are an extension of free services to Micro Small, and Medium practices to help them in preparing financial reports.

By pro bono it means professional work done voluntarily, as it is the provision of services for people who are unable to pay.

“The call is still open and whoever wishes to have free services such as accountancy, free advisory services, and taxation among others. These are professionals who will serve them best and help them build up their record keeping and financial reports,” he added.

According to Mr. Lutimba, there was a realization that most SMEs don’t attend financial reporting awards (FiRe Awards) while they are fully capable.

The only challenge that they face mainly is coming up with a report therefore this will be of aid to avert what was witnessed during the launch of the 2022 Financial Reporting Awards in Kampala.

“When we have been running the financial reporting awards (FiRe Awards), we realized that there are entities that cannot produce reports yet the product out of whatever they do has a report. That stopped a number of them from participating. But this year we launched the pro bono services; placed a call for entries and a number of entities responded,” Mr. Lutimba said.

September 16, 2022 0 comment
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MultiChoice Investing in developing African talent for the content production and entertainment
EducationNews

MultiChoice Investing In Developing African Talent & Entertainment industry

by Ndungu Brian September 15, 2022
written by Ndungu Brian

Ongoing long-term investment by MultiChoice in developing talent for the content, production and entertainment industry is having an impact across Africa – and helping to grow vibrant new economic hubs across the continent.

This investment – the Multichoice Talent Factory (MTF) – is a shared-value initiative that provides a platform for the TV and film industries to develop talent and build partnerships.

There are MTF Academies in Kenya (for East Africa), Nigeria (for West Africa) and Zambia (for Southern Africa), run in partnership with respected local academic Universities.

The academies offer an accredited 12-month immersion program including both theory and hands-on experience in film production.  Each year, 60 African students get the chance to hone their skills through partnerships with global industry players like the New York Film Academy, Canon and Dolby, amongst others. MTF alumni now occupy significant industry roles across the continent.

MTF graduates are working as directors, producers, sound designers, camera operators, art directors and editors on major African productions including Salem, Tempted, Engaito, Mvamizi, Mum vs Wife, Makofi and County 49.

Other alumni are working further afield on productions by French (Film Plug), German (DW Akademie) and Polish organizations. Some are furthering their studies at institutions like the New York Film Academy (NYFA), or as part of the Mandela Washington fellowship program.

“In 2018, we committed ourselves to build the skills base in the TV industry through the MultiChoice Talent Factory,” says MTF Director for Africa Nwabisa Matyumza. “Now, after four years of operation, we are seeing our graduates enter the economy – which is having a multiplier effect on the development of our sector across the continent.”

MTF Academy West Africa Director Atinuke Babatunde sees entrepreneurial success as a significant feather in the academy’s cap.

“The greatest achievement by our alumni is having the ability to set up their own production companies, which can contribute to not only the creative space but also to the economy of their countries,” she says.

Now, after four years of operation, we are seeing our graduates enter the economy – which is having a multiplier effect on the development of our sector across the continent

Atinuke says she is especially proud to see alumni go on to produce great content on global platforms across the world, and to see them meeting specific local industry needs.

“In West Africa, for instance, we have seen MTF graduates play a role in raising the standard of sound production. We have regular sound masterclasses with the Dolby team, and one of our alumni is now seen as one of the leading sound specialists in the industry.”

In Southern Africa, the biggest MTF impact has been in the area of technical capacity.

“With the advent of MTF, the pool of well-trained professionals available to production houses and TV stations has grown significantly,” says MTF Southern Region Director Chris Puta. “In the process, these media platforms are able to save money and time that they would otherwise have spent training their own media workers.”

Puta says the MTF Academy in Zambia is contributing to developing the local industry, which can now compete with more established film and television regions across the continent.

“I realized MTF was making a powerful impact in our region after we submitted our student short films for the AMVCA awards. Pitted against East and West Africa, our film Nyau got a great response from an audience of industry professionals.”

In East Africa, films by alumni from Ethiopia, Tanzania, Uganda and Kenya have gone on to win top awards across the continent. Engaito won Best MTF Film at the recent eighth AMVCA awards; Egna won the Best International Award at the Kalasha International Film Festival in Nairobi and Wavamizi won the Chairman’s Award at the Zanzibar International Film Festival.

For MTF East Africa Academy Director Victoria Goro, the Academy proves its worth when MTF alumni enter the industry, and begin creating work that resonates with African audiences.

“Last year alone, production companies started by MTF East Africa alumni successfully bid and were commissioned to produce six films under the Maisha Magic East and Showmax banner, while two TV reality shows were produced under the Honey Channel banner,” says Goro.

“Our alumni are part of the continent-wide move to inspired storytelling – keeping viewers and communities informed, entertained and connected,” says Goro. “In each country in the region, our alumni are to be found in the writing teams of hit TV dramas and telenovelas.”

Ultimately, though, the proof of the pudding is in how MTF graduates are able to impact the sector.

Many MTF graduates have become entrepreneurs, having established 38 production companies that employ other young people, contributing to economic success in their countries. Others are developing shows and providing screenwriting services in Kenya, Zambia, Zimbabwe, Malawi, and Mozambique.

“The next generation of African TV and film professionals is helping to shape the future of our industry,” says Matyumza. “And we’re proud that MTF is playing a key role in this development. It’s an investment that will pay off in decades to come, in the form of quality African content and entertainment.”

September 15, 2022 0 comment
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ksh 20 fuel hike
BusinessEnergy

A Soar in Fuel Prices Sees Increase of Up to Ksh 20 per liter

by Kwabe Ben September 15, 2022
written by Kwabe Ben

Following the withdrawal of the fuel subsidy program by president William Ruto, citizens have decried the high soaring of prices in fuel costs to a whole-time high.

Based on the latest review, the regulator increased the price of super petrol by Ksh 20.18, diesel by Ksh 25, and kerosene by Ksh 20 Petrol, diesel, and kerosene will retail at Ksh 179.30, Ksh 165, and Ksh 147,94 in Nairobi from September 15 to October 14.

Citizens have raised concerns that the commodities and products are likely to see a soar in price as the fuel cost has highly shot to the maximum.

However, in the latest review, the regulator increased the price of super petrol by KSh 20.18, diesel by KSh 25, and kerosene by KSh 20.

This review has also seen a rise in the prices of tokens issued by Kenya Power and Lightning Company (KPLC) hence a need for the president to come in and salvage the economy question.

Following the review in fuel prices, there has been an automatic increase in the prices of tokens by the electricity company Kenya Power and Lightning Company (KPLC).

“The prices in Nairobi are as follows: Super petrol, diesel and kerosene increase by Ksh 20.18 per liter, KSh 25 per liter and KSh 20 per liter respectively,” EPRA said in a statement.

Wednesday evening witnessed high traffic of motorists scrambling to fuel their vehicles in fear of the fuel shortage amid fuel hikes.

 

 

September 15, 2022 0 comment
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Bboxx and Sunlight partner to provide Kenyans with clean energy
BusinessNews

Bboxx and Sunlight Partner To Provide Kenyans With Clean Energy

by Corazon Mwende September 15, 2022
written by Corazon Mwende

Bboxx, a super platform providing access to essential products and services, and Sunlight, a leading detergent brand under Unilever, have partnered to accelerate the provision of clean energy access for households across Kenya.

This partnership complements Bboxx’s existing services and footprint in Kenya, with Sunlight’s heritage and distribution capacity set to create new channels to reach consumers in Kenya.

Through joining forces, Bboxx and Sunlight are looking to connect an additional 1 million people in Kenya, providing access to essential clean energy products and services over the next three years.

Despite significant efforts to date, nearly 40% of the rural population in Kenya doesn’t have access to electricity currently, demonstrating the urgent need for energy solutions in the country. Access to clean energy (SDG7) is a core sustainable development goal, proven to have strong social and economic benefits. Bboxx and Sunlight will be deploying their strengths and resources to tackle this issue head-on.

The partnership will drive combined marketing campaigns and mobilize agents with resources and training to promote clean energy solutions, as well as serve as a new source of income for Unilever’s retailer network, comprising of more than 50% female entrepreneurs of those who have so far signed up to partner in the project.

In addition, a cross-promotional agreement between Bboxx and the Sunlight mega brand will reward customers with free Sunlight products when they make payments towards their solar home systems.

“At Bboxx, we understand the importance of partnering with industry leaders to achieve the best positive outcomes for our customers. We are therefore delighted to be partnering with one of the leading FMCG players, enabling us to deliver clean energy access to millions of households across Kenya.” said Mansoor Hamayun, CEO and Co-Founder of Bboxx.

”Not only is this a step towards the UN’s SDG 7, clean energy for all, but it is also a marker of our expansion into other sectors, allowing us to have a more positive and widespread impact on the lives of the local communities we are present in. Like Unilever, we pride ourselves on being a trusted service provider in our respective fields, and we look forward to building on this partnership as we launch into additional markets in the future.”

On his part, Unilever Home Care Director, Henry Muchauraya echoed that he was extremely proud of this timely and impactful initiative adding that it would go a long way in transforming the lives of many Kenyans.

“In line with Unilever’s purpose, to make sustainable living commonplace, our Sunlight brand is on a proud mission in partnership with Bboxx to not only help the community access clean power through our vast distribution networks but also ensure that they experience the value of its many products under the Sunlight Masterbrand. In line with Sunlight’s Women of More program, we are also looking to uplift thousands of female entrepreneurs across the country, through training and access to extra sources of income,” said Henry.

The partnership marks the first of many between Bboxx and Sunlight, spanning Bboxx’s wide range of products and services, starting in Kenya before geographically expanding throughout the continent with the aim of positively transforming the lives of 5 million people over the next 10 years across a multitude of markets.

September 15, 2022 0 comment
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will help us help them fulfill their promise of creating jobs for unemployed Kenyans
BusinessEntrepreneurship

County Governments Urged To Collaborate With Hospitality Players For Jobs Creation

by Ndungu Brian September 14, 2022
written by Ndungu Brian

Incoming county governments can create jobs for the millions of unemployed youths if they collaborate with hospitality players and the wider tourism industry.

PrideInn Hotels, Resorts and Camps Founder and Managing Director Hasnain Noorani has urged the new county bosses to consider working with the sector, which has the potential of hiring an extra 1.2 million people.

He added that the new hires would indirectly support millions more throughout the Kenyan economy.

“In 2021 alone, the tourism sector had to lay off at least 1.2 million people due to the continued impact of COVID-19. A year earlier, at least 2.5 million people working in the sector lost their jobs in the first five months of the pandemic,” he said.

“Fast forward to 2022, the sector is yet to fully recover and absolve all the people who were laid off. By strategically collaborating with the tourism sector, the county governments would help companies in the industry to rehire those who lost their jobs,” he said.

Noorani also noted that as the industry continues to recover, helped by increased international arrivals, the level of operations especially in hotels was also growing, leading to a need to hire more employees.

He said that most hotels, especially those in Nairobi and Mombasa, had seen improved performance in the first half of the year compared to a similar period in 2021. This has led to an increased need for more employees, both permanent and casual, to support operations.

“This is why we invite country governments to collaborate with us. Whether it is by bringing conferences to our properties or outsourcing our services, working together will help us help them fulfill their promise of creating jobs for unemployed Kenyans,” Noorani said.

Further, Noorani observed that, unlike other sectors, the hospitality sector hires many talents.

“Hotels hire chefs, IT experts, marketers, security personnel, nutritionists, administrators and even salespeople. It is tough to find an industry that hires the kinds of talents that the tourism sector requires,” he said.

“This makes us the ideal partner of the government,” he added.

Noorani spoke ahead of the Council of Governors induction program slated for 14-18 September 2022 in PrideInn Paradise Beach & Spa Hotel, Shanzu, Mombasa County.

The county chiefs will also pick the Council of Governors (CoG) leadership during the conference.

The four-day event is themed ‘Towards better Governance and outcome-driven service delivery at the Counties’.

Commenting on the induction program, Jackton Amutala, the Development and Operations Group Director at PrideInn Hotels, Resorts and Camps said the hotel is fully prepared to host the major event. 

“PrideInn has made a name for itself for hosting world-class conferences. This upcoming event will be no different. Our security measures are in place, and we have made sure that we will cater to the needs of our leaders,” he said.

Amutala added that the hotel has ensured that they have all the necessary advantages for making the program a success.

 

“Our guests will enjoy our great food, stable and strong WiFi, quality audio equipment, proper seating arrangement, air conditioning, great food and efficient hotel staff among others,” he said in conclusion.

September 14, 2022 0 comment
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Safaricom, NCPWD Link Persons with Disabilities with Job Opportunities
BusinessNews

Safaricom To Link Persons With Disabilities With Jobs

by Ndungu Brian September 14, 2022
written by Ndungu Brian

Safaricom has partnered with the National Council of Persons with Disabilities (NCPWD) to connect persons with disabilities with job opportunities through an online portal.

The portal, powered by IT service provider Fuzu, is a first in Africa and seeks to help employers easily identify and recruit Persons with Disabilities into their firms.

The portal, which has been active since November 2020, currently has over 360 employers and more than 5,000 job candidates.

Safaricom has used the portal for its recruitment needs and supported NCPWD by mobilizing more employers to come on board. Additionally, TechCo has also been driving a campaign to encourage candidates to register and access the portal for employment opportunities.

This partnership has earned Safaricom a nomination at the 2023 Zero Project awards, which recognizes the rights of persons with disabilities and seeks to improve their day-to-day lives.

Safaricom is among five organizations nominated in Kenya, which is among 19 countries in Africa to have their innovations nominated for the 2023 Zero Project Awards.

“In 2018, Safaricom made a commitment at the Global Disability Summit to support the economic empowerment of persons with disabilities. Through this project, we have made great strides in increasing the prospects of persons with disabilities in their search for employment. Our nomination at the 2023 Zero Project Awards is a testament to our commitment to diversity, equity, and inclusion,” said Peter Ndegwa, CEO, Safaricom.

The Zero Project was launched in 2008 with the objective of supporting social innovation, social entrepreneurship, and Persons with Disabilities.

The 2023 edition has 100 nominations from the civil society, 11 nominations from the public sector, 5 nominations from the business sector and 40 ICT innovations.

“We are excited about this partnership with Safaricom, which boosts the job prospects and improves the quality of lives of persons with disabilities. The NCPWD Career Portal is a big step in our objective of having organizations reach the minimum 5% reservation of employees with disabilities as per the Persons with Disabilities Act No. 14 of 2003,” said Mr. Harun Hassan, the Executive Director, NCPWD.

Candidates with disabilities can register through the link https://ncpwd.fuzu.com while employers can register by contacting ncpwd@fuzu.com.

September 14, 2022 0 comment
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Authorized Economic Operator
Business

Authorized Economic Operator to Ease Customs Procedures in EAC

by Kwabe Ben September 14, 2022
written by Kwabe Ben

Business operators within the East Africa Community (EAC) have been urged to join the Authorized Economic Operator (AEO), a World Customs Organization (WCO) that has been implemented within the Eastern Africa Community.

AEO status allows for the handling of companies as low-risk companies that can be trusted by customs making it easier to operate as it is an instrument for growing compliance.

“AEO is a program that facilitates legitimate trade in the EAC, allows importers, exporters and manufacturers to expedite the processing of entries and declarations, enjoy automatic passing of declaration, and no physical examination of goods – except for random or risk-based interventions,” the Assistant Commissioner for Customs Operations Support at Rwanda Revenue Authority (RRA), Yvonne Gatera said.

The program aims to enhance efficiency in the face of increasing volumes of trade and the increasing vulnerability of the international trade supply chain to security threats as well as the use of the international trade supply chain as a conduit for high-security risk materials.

Through AEO, Electronic Cargo Tracking System will be permitted, renewal of Customs agents’ licenses gives them an opportunity to participate in Customs initiatives, offers them priority treatment in the cargo clearance chain, as well as granting them a waiver of movement bond requirements.

AEO additionally exempts mandatory use of the Customs Electronic Cargo Tracking System (ECTS) and gives them priority clearance at entry and exit points.

How to apply for the AEO:

A call for application is sent by the Tax Administration every year. There is an AEO application and self-assessment form available on the RRA website.

Applicants are required to complete this form and submit it to the Tax Authority. AEO applications are assessed against the set EAC regional AEO eligibility requirements.

After this, the applicants who meet AEO eligibility requirements are recommended to join the EAC regional AEO program.

 

 

September 14, 2022 0 comment
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Jeremy Awori appointed as Ecobank Group CEO
BusinessNews

Jeremy Awori Appointed As Ecobank Group CEO After Absa Exit

by Ndungu Brian September 14, 2022
written by Ndungu Brian

Jeremy Awori has been appointed as Ecobank Group Chief Executive Officer barely a week after stepping down from a similar role at Absa Bank Kenya.

Awori will succeed current Group Chief Executive Officer, Ade Ayeyemi who is expected to retire after attaining the retirement age of 60 years as per the lender’s policy.

While making the announcement, Ecobank Group Chairman Alain Nkontchou said the outgoing CEO, Ayeyemi will remain with the bank to ensure a smooth transition.

“Jeremy Awori is a highly respected leader in the banking industry with significant achievements in his previous capacities. The Board of Directors strongly believes that his drive and a strong focus on results will be vital in steering the Group in its next phase,” said Nkontchou.

Awori left Absa Bank Kenya after nearly 10 years in charge having joined the bank in June 2013.

Read also: Jeremy Awori Steps Down As Absa Bank CEO

With a career spanning 25 years in the banking industry, Awori’s relevant effective dates for the new role will be communicated in due course.

“It is a great honor to be appointed Ecobank Group’s Chief Executive Officer. I look forward to consolidating the transformation of Ecobank, a truly pan-African institution full of talented people while innovating to create value for all of Ecobank’s stakeholders. I am humbled by the opportunity to contribute to the continent’s economic development and financial integration with Ecobank Group,” said Awori.

Ecobank which is owned by Ecobank Transnational Incorporated (ETI) has its headquarters in Lome, Togo and operates in 36 African countries with an asset base of more than $25 million.

“It is a privilege to lead an amazing team of Ecobankers in bringing the Ecobank Group back to growth and continue to realize our commendable pan-African mandate,” said outgoing CEO Ayeyemi.

Before joining Absa, Jeremy held multiple leadership roles at Standard Chartered Bank across the Middle East and Africa.

September 14, 2022 0 comment
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