Defamation: Little-Known Businessman Wins Millions Against Star Newspaper

In the article published on 26th September, 2018, titled “EACC Probes Obado’s Sh100m Palatial Home”, The Star, quoting the the Ethics and Anti-Corruption Commission, reported that Mbingo Enterprises was one of the dubious companies registered by Mr Obado and which was used to build his home. It also reported that Omondi received Sh700 million in questionable contracts by the county.

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USIU, Qwetu In New Deal To Ease Student Accommodation Shortage

The United States International University-Africa (USIU-Africa) on July 27 signed a nomination agreement with Qwetu Student Residences for the provision of purpose-built student accommodation (PBSA) for USIU students. A first of its kind, the agreement will see the realisation of up to 1,200 PBSA beds across two properties for the university. Qwetu prides itself in […]

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Saad Toma New General Manager IBM-Middle E. Africa

Thursday, July 29, 2021: IBM announced today that Saad Toma has been named General Manager of IBM Middle East and Africa (MEA). Mr. Toma succeeds Takreem El-Tohamy, who has been appointed General Manager, Global Strategic Sales at IBM. Mr. Toma brings deep industry, services and technology expertise and over 30 years of experience at IBM working […]

The post Saad Toma New General Manager IBM-Middle E. Africa appeared first on East African Business Week.

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How Creatives are Coping with the Lockdown

“I aspire to inspire before I expire,” is the mantra that 25-year-old Andereya Baguma lives by. Having grown up in Kamwokya-Bafumbira, a low-income suburb in Kampala, he has made it his life’s purpose to inspire children from similar backgrounds through music. Inspired by African icons like Uganda’s soul musician Maurice Kirya, Late Zimbabwean musician Oliver Mutukudzi, […]

The post How Creatives are Coping with the Lockdown appeared first on East African Business Week.

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NCBA Bank Launches Solution To Design And Build Houses

NCBA Bank on July 28th  launched a product that will provide home buyers with a one-stop shop that will offer construction solutions. Through NCBA EasyBuild, the lender has engaged a consortium of service providers that will support customers to design and build their dream homes. The consortium consists of project managers, architects, interior designers, quantity […]

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Central Bank Rate Retained At 7% To Keep Stimulating The Economy

The decision to keep the benchmark Central Bank Rate interest rate at 7% after the Monetary Policy Committee (MPC) on 28th July was largely based on the fact that leading indicators for Kenya’s economy point to a relatively strong GDP recovery in the first half of 2021, mainly supported by strong performance of construction, information and communication, education and real estate.

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Kirubi’s Influential Son-in-Law Musangi Appointed to Centum Board

He is the son of Professor Richard Musangi, a scholar who became the pioneer Vice-Chancellor of Egerton University in 1987, and was in 2013 appointed Chancellor of Kabianga University by former President Mwai Kibaki.

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