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KCB feted best bank in the region – KBC

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KCB bank has been named the best bank in the country and the region’s best bank for SMEs during the Euromoney awards for excellence 2019.

The Euromoney awards for excellence are recognized as the most prestigious in the financial services industry globally.

The bank’s solid footprint with the largest branch network (258 branches) in the region and presence in six East African countries was a key attribute to the two awards.

The bank has played a key role in supporting the region’s economy by providing the necessary financial muscle for infrastructure projects across the region.

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As a financial institution, we are committed to championing a supportive domestic and international operating environment for SMEs to help promote linkages and partnerships with larger firms, domestically and Internationally, that can enable SMEs to better exploit their competitive advantage when it comes to various sectors across the economy.

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Under the umbrella of SME Banking, the KCB Biashara Club’s mandate is to avail business solutions and advisory services to the bank’s customers who are entrepreneurs in order to support them to grow with the bank.

Currently, we are in partnership with over with over 12,000 active club members in Kenya, and over 4,000 in South Sudan and Rwanda.

Our purpose, manifested through business exposure trips, access to customized loans, and business development trainings, exposes customers to emerging and developed economies to upgrade their skills in doing business.

Speaking in London on Wednesday during the awards gala, KCB Group Chief Operating Officer – Samuel Makome said, “As KCB a bank, these awards demonstrate our socio-economic contribution to the region and our commitment to creating value in the real economy.  The core of our business lies in driving innovation while leveraging on technology in how we do business moving forward, we remain committed to continue performing our role to ensure that we support the aspirations of all our customers”.

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Obiri favourite at the Italica Cross

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Hellen Obiri wins the senior women’s race at the IAAF/Mikkeller World Cross Country Championships Aarhus 2019 (Getty Images) © Copyright

NAIROBI, Kenya, Jan 18 – World champion Hellen Obiri and Ethiopia’s Tadese will be the marquee athletes at the ‘Cross Internacional de Itálica’ in Santiponce on the outskirts of Seville on Sunday, the sixth leg of the 2019/20 World Athletics Cross Country Permit series.

The event promises to be a rematch of last Sunday’s races in Elgoibar as both podiums will be on show again.

Will Worku confirm breakthrough?

Turning 18 the day after the race, the young Ethiopian will be happy to celebrate his birthday one day in advance with a victory to confirm his overwhelming win last weekend was no fluke.

The reigning world U-20 cross country silver medallist proved to be in stellar form last Sunday and should be tipped as the main favourite in the 10km event.

One of his stiffest opponents should be Burundi’s Thierry Ndikumwenayo, the 22-year-old who will be making his sixth appearance on Spanish soil this cross country campaign.

He’s produced three wins — in Alcobendas (24 Nov), Aranda de Duero (1 Dec) and Cantimpalos (8 Dec) — plus a runner-up finish in Soria (17 Nov).

The Italy-based runner, who was ninth at the World Cross Country Championships in Aarhus last year, only finished outside the top-five in Atapuerca (9 Nov) where he finished sixth.

Kenya’s Richard Yator and Aron Kifle, runner-up and third respectively in Elgoibar should also be in contention.

The Kenyan was 13th in Aarhus while Kifle has changed his base from Madrid to Nijmegen after joining the Global Sports agency.

He will be joined by fellow Eritrean Yemane Haileselassie, an 8:11.22 3000m steeplechase specialist who reached the Rio Olympics final.

Watch out too for USA’s Paul Chelimo and Shadrack Kipchirchir. The former is the reigning Olympic 5000m silver medallist and is fresh from a fourth place in Elgoibar while Kipchirchir came tenth at the Doha worlds over 10,000m and holds a PB of 27:07.55 set in 2017.

Robel Fsiha of Sweden and Turkey’s Aras Kaya, the gold and silver medallists at last month’s European Cross Country Championships, will clash again in Seville.

However, both don’t seem to be in the same kind of form that led them to medals in Lisbon; Kaya took sixth at Madrid’s New Year’s Eve 10km race in 28:13, fifth in San Giorgio Su Legnano on 6 January — four seconds clear of Fsiha — and sixth again in Elgoibar last weekend.

Spanish hopes rest on Carlos Mayo and Ouassim Oumai. The former took the European U-23 10,000m title in 2017 before being slowed by injuries which prevented him to make an impact in the senior category.

Fully recovered now and his successful medical school studies behind him, Mayo is fresh from a fourth and eight place finishes in Amorebieta and Elgoibar.

As for Oumaiz, the 20-year-old surprised the athletics world by winning the opening permit series race in Atapuerca ahead of some world-class athletes to start the Europeans Cross Country championships as one of the men to beat.

He confessed afterwards that he couldn’t carry that burden and opted to drop out of the race when he fell well behind.

The Spaniard has recently joined the NN team and seems ready to bounce back on Sunday.

Morocco’s reigning world 3000m steeplechase bronze medallist Soufiane El Bakkali will make his European winter season debut here after finishing sixth last year. Ethiopia’s Amorebieta winner Enyew Mekonnen and Eritrea’s Awet Habte, a 27:48.35 10,000m specialist, will also fight for a top-ten place.

Obiri the woman to beat

The women’s cast is headed by the reigning world cross country champion Hellen Obiri.

The 30-year-old Kenyan kicked-off her winter campaign successfully in Elgoibar where, after running alongside compatriot Beatrice Chebet for most of the race, broke away from the reigning world U20 cross country on the last lap.

The 19-year-old Chebet should pose the main danger for Obiri, again alongside the reigning world 5000m silver medallist Margaret Kipkemboi Chelimo.

The 26-year-old captured a surprise silver in Doha where she set a lifetime best of 14:27.49 and has shown fine form recently by winning a 5km road race in Bolzano on 31 December before taking second at the Campaccio cross country on 6 January.

Trying to deny a Kenyan clean sweep over the 9135m contest will be Ethiopia’s Tsehay Gemechu, fourth at the Doha worlds over 5000m in a career best of 14:29.60.

Barely two weeks later the 21-year-old set a 1:06:00 personal record for the half marathon in New Delhi. She’ll be racing her first race of the year on Sunday.

Gemechu will be joined by fellow Ethiopian Tsige Abreha, the winner in Amorebieta.

Kenya’s Eva Cherono, third in Elgoibar, and Bahrain’s World Championships marathon silver medallist Rose Chelimo will also be on show.

The European response should come from Spain’s Irene Sánchez-Escribano, fifth in Elgoibar and Britain’s former (2014 and 2015) European XC silver medallist Kate Avery, who finished 30th at the Lisbon Europeans and is fresh from an easy cross country win in Stirling last Saturday.

Weather forecasters predict a pleasant sunny early afternoon on Sunday with temperatures of 12-14 C, some gusts of wind but no chance of rain.

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Liberia souring on George Weah at two-year mark

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Dominic Kpadeh heaves a hammer over his head to crack a half-tonne rock in a northern suburb of Liberia’s capital Monrovia, knowing his hard labour earns him far less than a year ago.

Kpadeh and his colleagues used to go home with $1,000 (900 euros) a month between them crushing rocks for the construction industry. Now, he says, they’re lucky to get $250 (225 euros).

Stories such as Kpadeh’s are common in Liberia, where rampant inflation has left many people struggling and increasingly turning their anger on President George Weah.

“I do this in order to feed the family,” says Kpadeh, a 45-year old father of four, bent double from the effort. “People are no longer building like before. Even those who are coming for crushed rock want to buy it very cheap.”

A former football icon whose goals for AC Milan and Paris St Germain dazzled fans, Weah came to power in January 2018, promising to invest in education and create jobs.

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His election win was a watershed moment for Liberia’s poor, many of whom idolised the man who rose from Monrovia’s slums to football stardom, and the nation’s highest office.

Weah, 53, has since launched popular road-building projects and abolished undergraduate tuition fees.

But two years into his presidency, many complain he is failing in his economic stewardship.

People struggle to get bank notes from ATMs, civil servants regularly go unpaid and inflation soaring to around 30 percent has eroded purchasing power.

About half of Liberia’s 4.8 million people live on less than $1.90 (1.69 euros) a day, according to the most recent World Bank data, dating from 2016.

“We saw George Weah as one of us because he came from a poor family,” said university student Andrew Seiwon. “But for the past two years everything has been promises.”

Weah, who seldom gives interviews, admitted there was “still lots of work to be done” in his New Year’s speech.

“I am confident that 2020 will be a year of economic recovery,” he said.

Weah’s spokesman Solo Kelgbeh, highlighting central bank reforms, said the former footballer “is doing everything to make sure the economy is resuscitated”.

Weah took office in a country already decimated by back-to-back civil wars from 1989 to 2003, which claimed 250,000 lives.

More than 4,800 Liberians also died during the 2014-2016 West African Ebola crisis, and the country is still feeling the aftermath.

The IMF’s representative in Liberia, Geoffrey Oestreicher, told AFP that – in a “perverse effect” – key inflows of foreign currency were lost as aid funding declined after Ebola, which drove inflation.

“Poor people are the ones suffering,” he said, noting that Weah was nonetheless trying to address Liberia’s deep-rooted problems.

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The United Nations was Liberia’s second-largest employer, Kelgbeh said, underscoring the impact of the departure of aid workers.

“To go in the coffers and get things that were not budgeted, things that the international community left undone, is a huge financial burden,” he said.

Still, expressions of discontent are growing, along with questions about whether the former footballer is out of his league.

Thousands of anti-government protesters rallied in Monrovia over the summer, following a murky affair involving alleged central bank graft.

“The intent of the protests is to divert people’s attention and scare investors away, thus making the president unpopular,” Kelgbeh said, blaming opposition leaders.

Thousands of people again protested on January 6, after months of tension between the government and the opposition Council of Patriots (COP) group behind the rallies.

In October, Liberia shut down a radio station critical of the president, owned by COP chairman Henry Costa.

“The two years of George Weah have been a total failure,” said Mo Alie, a COP co-chairman. “Prices have gone so high that the people are finding it difficult to make the two ends meet.”

Weah has also disappointed victims of the brutal civil wars by hesitating to heed international calls to establish a war-crimes court to probe massacres, mass rapes, use of child soldiers and other abuses.

“My mother was raped in my presence and the perpetrator is still around… I need justice,” said Martha Selewon, a 40-year-old jobless woman.

Weah has said he is “at a loss” to understand calls for a court years after the fact, but that he has started consultations.

Despite Liberia’s economic woes, the president still retains support among the poor.

Weah himself was raised by his grandmother on a reclaimed swamp in one of the worst slums of the capital Monrovia.

A high school dropout, he ran for president unsuccessfully in 2005, during a campaign in which he was criticised for his lack of qualifications. He later completed a university degree.

“I think we should give the president a chance,” said Makagbeh Kanneh, 35, who admitted her daily meals had doubled in price.

James Forkpah, a member of Weah’s Congress for Democratic Change party, told AFP the president is learning.

“The same way he used to score last-minute goals to qualify his teams when he was footballer,” he said. “He will do same for us.”

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Limuru to face Falling Waters in Central final

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Limuru Starlets’ Ruth Muthoni and Damaris Akinyi celebrate one of their goals against Achievers Queens during their Chapa Dimba na Safaricom semi-final at the Nanyuki Stadium on January 18, 2019. PHOTO/Timothy Olobulu

NANYUKI, Kenya, Jan 18 –  Limuru Starlets have set up a mouth-watering clash against holders Falling Waters in the Chapa Dimba na Safaricom Central Region finals after seeing off Achievers Queens 5-1 at the Nanyuki Stadium on Saturday.

This will be a repeat of last year’s finals and is expected to be a cracker with Limuru confident of avenging for their loss last time out.

Striker Damaris Akinyi struck a hattrick with Ruth Muthoni and Ivy Sarah Ofula adding one each in the healthy win to sail them to a third consecutive final appearance.

Limuru broke the deadlock in the 17th minute when Akinyi volleyed the ball home from the right after the Achievers’ defense failed to clear away the ball inside the area.

Limuru were dominant and had more chances with Akinyi having another shot from distance saved by the keeper while lanky midfielder Joyce Kanja also had a long range shot cleared out by the keeper.

But they went 2-0 up in the 37th minute when Muthoni raced to a ball planted behind the defense before setting herself up with two touches and then calmly slotting past the keeper.

Limuru should have gone to the breather three up, but Akinyi’s effort at landing a brace ended in disappointment as her attempt at lobbing the ball over the keeper who was out of her line went wide.

Action between Limuru Starlets and Achievers Queens during their Chapa Dimba na Safaricom semi-final at the Nanyuki Stadium on January 18, 2019. PHOTO/Timothy Olobulu

But, straight from the restart, the former champions were 3-0 up. Ofula scored with a beautiful touch away from the keeper after Limuru went straight into offense from kick off.

Four minutes later, the game looked sealed and set when AKinyi scored her second of the afternoon with a brilliant finish from the left after turning away from her marker with some excellent piece of skill.

Achievers had a chance to narrow the gap when they won a penalty following a handball inside the box, but star forward Lucy Wanja shot the effort straight at the keeper who made a routine save.

They were punished later when Akinyi completed her hattrick, gliding past the keeper before slamming the ball into an empty net.

Achievers scored their consolation with five minutes left when an unmarked Mercy Wanjiru lifted the ball over the keeper from the right.

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