Business News Briefs

Kenyan accountant wins Sh1.5 million in country edition of Airtel Trace Music Star competition

Tonya Ahenda as emerged as the winner of Kenya’s edition of the Trace Music Star competition.

Ahenda, an accountant by profession, will join a stellar cast of Africa’s finest up-and-coming singing talent as the country winner. She will fly the Kenyan flag at the continental finals of Airtel TRACE Music Star to be held in Lagos, Nigeria on June 11.

Ahenda emerged the winner after performing the song “Falling” by singer-songwriter, Alicia Keys.

Tonya won a cash prize of Sh1.5 million and a chance to represent Kenya at the grand finale to be held in Lagos Nigeria where she will go head-to-head with 9 other contestants from across Africa.

Kenya Banker’s Association to discuss Islamic banking with FCB CEO

The Kenya Bankers Association (KBA) is set to today hold a chat session with Fazal Saib, the CEO of First Community Bank (FCB) in a bid to discuss Islamic Banking.

The forum, dubbed ‘My chat with a bank CEO’, is a month-long KBA event during which Bank Chief Executive Officers host live online chat sessions, giving their views as well as both seeking and giving advice on the various topics discussed based on bank customer feedback,

The forum comes barely two months after the the state announced that it will be reviewing all laws and regulations governing its nascent Islamic finance industry to aid the issuance of a debut Islamic law-compliant bond known as a sukuk.

Attorney General Githu Muigai said in February that the process will be completed in a maximum of nine months. Islamic banking and finance is a banking activity that is consistent with the principles of sharia (Islamic law) and its practical application through the development of Islamic economics.

Balala calls on Coastal Counties to adopt common law to boost tourism

Kenya’s Coastal Counties are pushing for a common law on beach management in a bid to guard their beaches, which serve as a key attraction for tourists visiting the region. According to Tourism Cabinet Secretary Najib Balala, Kwale County has already developed the bill and appealed to other counties to replicate it.

The County has been voted Africa’s leading beach destination for three consecutive times by the World Travel Awards (WTA). Balala has said that beach management will only be enhanced through uniform legislation that cuts across all the counties in the region.

The CS who was chairing a coastal tourism stakeholder’s forum in Mombasa, added that Mombasa will have to diversify its tourism products by investing in conferences. He said the government will renew discussions with Bamburi on the possibility of a land to set up a conferencing facility in the area.


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