NCBA has achieved a notable milestone by advancing seven positions to secure the 85th spot on the list of Africa’s Most Valuable Brands for 2024. This recognition, as reported by Brand Finance, underscores NCBA’s significant presence and influence in the financial sector. Brand Finance is renowned globally for its comprehensive brand valuation and analysis.
Ethiopia is set to embark on an ambitious infrastructure project that will reshape the aviation landscape in Africa. Ethiopian Airlines has signed an agreement to design a new four-runway airport, which will become the largest in Africa upon completion in 2029. The airport, strategically located near Bishoftu, approximately 45 km from Addis Ababa, will revolutionize the continent’s aviation capabilities.
Kenya has once again showcased its dominance in athletics by securing the number one position on the African continent at the 2024 Paris Olympics. The country’s athletes demonstrated exceptional talent and determination, earning a total of 11 medals, including four gold, two silver, and five bronze. This remarkable achievement not only highlights Kenya’s continued prowess in track and field events but also reaffirms its status as a leading force in global athletics.
Dr. Margaret Nyambura Ndungu has been appointed as the Cabinet Secretary for the Ministry of Information, Communications, and the Digital Economy in Kenya. Her extensive background in ICT, digital transformation, and regulatory frameworks positions her as a transformative leader ready to steer Kenya into a new era of digital excellence. With years of experience in diverse roles ranging from her work with the World Bank on the Digital Economy Country Diagnostic to her leadership in the Network of African Women in Cybersecurity (NAWC), Dr. Ndungu is well-prepared to tackle the challenges and opportunities of the digital age.
MTN Group has successfully completed the sale of its West African subsidiary, Spacetel Guinea-Bissau S.A. (MTN Guinea-Bissau), to Telecel Group Mobile Limited. This move aligns with MTN’s strategic objective of accelerating portfolio transformation and streamlining its operations. The sale has been finalized after receiving all necessary regulatory approvals, marking a significant step in the group’s restructuring efforts.
Hotpoint Appliances, a premier distributor of LG electronics, has achieved a notable recognition at the sixth Kenya e-Commerce Awards. The company won silver in the Best Home Appliances (Brands) eCommerce Website category, underscoring its excellence in creating and managing an effective, user-friendly online platform for home appliances.
Jubilee Asset Management, a subsidiary of Jubilee Holdings, has introduced a new dollar-denominated fund, the Jubilee Money Market Fund (USD). This fund is now accessible to both retail and institutional investors with an initial minimum investment of $1,000 (Sh130,000) and requires minimum top-ups of $500 (Sh65,000).
Equity Bank Group has announced a landmark Sh2.8 billion scholarship fund aimed at supporting 113 students admitted to top global universities. This significant initiative is part of the Equity Leadership Program (ELP), the bank’s social arm dedicated to fostering educational excellence.
