Audio By Vocalize The ongoing legal dispute between Kenya Breweries Ltd (KBL) and JILK Construction Company has cast the spotlight on flaws in the system of arbitration as a dispute resolution mechanism and raises questions over its effectiveness. This comes even as many entities from both the public and private sector are increasingly turning to arbitration in a bid to settle contractual disputes that sometime involve billions of shillings. In the dispute, both KBL and JILK Construction have filed petitions in the High Court after their private arbitration process broke down. KBL accuses JILK of inflating its claim for compensation…
Author: By Oscar Magu
Audio By Vocalize The ongoing legal dispute between Kenya Breweries Ltd (KBL) and JILK Construction Company has cast the spotlight on flaws in the system of arbitration as a dispute resolution mechanism and raises questions over its effectiveness. This comes even as many entities from both the public and private sector are increasingly turning to arbitration in a bid to settle contractual disputes that sometime involve billions of shillings. In the dispute, both KBL and JILK Construction have filed petitions in the High Court after their private arbitration process broke down. KBL accuses JILK of inflating its claim for compensation…
Safaricom CEO Peter Ndegwa addresses participants during the 2025 sustainable business report launch. [Wilbrforce Okwiri, Standard] Safaricom’s issuance of the first Sh15 billion tranche of its Sh40 billion domestic medium-note programme (MTN) is a boost to Kenya’s capital markets and a vote of confidence for the future of the country’s technology sector. The MTN, containing an option to raise an additional Sh5 billion subject to demand, is heavily predicated on green energy projects and is tax-exempt, providing investors an opportunity to make gains on Safaricom’s sustainable business programme. This comes on the back of a volatile capital market in Kenya…
The deployment of AI and ML tools presents a growing opportunity to improve customer engagement and boost revenues for financial services providers. [iStockphoto] Financial service providers are increasingly turning to artificial intelligence (AI) and machine learning (ML) technologies to enhance customer engagement, in what could alter traditional dynamics of how companies interact with their customers. Analysis of annual reports from leading financial service providers and telecommunication firms in Kenya indicates broad adoption of AI and ML technologies in various tasks including, customer segmentation, scoring and analysis of customer feedback. This points to one of the pivotal shifts in how adoption…