- Over the past two weeks, a number of individuals at the Microsoft African Development Centre (ADC) in Nairobi have been notified of the company's decision to let them go - including product managers and software engineers.
- Acorn Investment Management Limited, the entity behind Qwetu Hostels and Qejani Student Residences, has announced a combined net profit of Ksh855 million for the year ended December 2022.
- The Kenya Film Commission (KFC) is hosting the 6th Edition of Kalasha International Film and TV Market, a three-day event at Kenyatta International Convention Centre (KICC) from March 29 to 31. The Kalasha International Film and TV Market is a unique platform for all the regional &…
- During this period, FSD Africa has contributed to 10.2 million people accessing financial services, invested over £50 million towards green initiatives and created 35,700 Full-Time Equivalent Jobs.
- Mr Nixon Shigoli has been elected Board Chairman of the Association of Kenya Insurers (AKI) during the Association’s 36th annual general meeting held on March 23, 2023. Mr Shigoli, who is the CEO of Occidental Insurance Company, takes over from Mr James Oyugi, CEO of Cannon Life Assurance who has…
- Bamburi Cement Plc, has signed a partnership with real estate firm AMG Realtors, in a bid to support diaspora landowners to build their homes in a transparent construction process in Kenya. Due to the integrity issues that home-builders face in Kenya, Bamburi has entered this partnership through…
- Kenya Reinsurance Corporation Limited (Kenya Re) has appointed Dr Hillary Maina Wachinga as the Managing Director of the Corporation. Dr Hillary Maina Wachinga has over 17 years of proven work experience in risk management, compliance and auditing – 16 of which have been at the management level. “…
- The increased payout follows the bank's growth in profit after tax, from Ksh10.22 billion in 2021 to Ksh13.78 billion in 2022 - representing a 34.77% increase.
- Carrefour, owned and operated by Majid Al Futtaim in Kenya, has launched a self-checkout service in its Nairobi Westgate Mall store. The first-of-its-kind service in Kenya allows customers to shop and complete purchases without the assistance of cashiers at the cash counter, saving time and…
- Malindi tourism pioneer and founder of Franco Rosso International – one of Italy’s leading tour operators – Franco Rosso died on Monday, March 27, 2023, aged 94 in Lugano, Switzerland. He launched Kenya on the Italian market 50 years ago with the first charter flight from Italy to Nairobi. He…
- Bamburi Cement, partnering with Isuzu East Africa, has announced the fourth edition of their Women on Wheels (WoW) program, which seeks to recruit, train and place 50 more female truck drivers in Kenya this year. Increasing the opportunities from the 21 female drivers trained and placed in jobs…
- BAT Kenya has launched a Ksh10 million Rural Women’s Development Programme (RuWDeP), as part of its commitment to create shared value in the communities it operates. Launched during this year’s International Women’s Day, the RuWDep aims to empower more than 1,600 women from the Oyani and Malakisi…
- The Kenya Reinsurance Corporation (Kenya Re) has today reported a profit after Tax of Ksh3.62 billion for the year ended December 31, 2022, representing a 15% growth compared to 2021 full year results of Ksh3.16 billion. The Corporation’s gross written premiums grew by 23% to stand at Ksh24.98…
- The board recommended a dividend payout of Ksh15.1 billion, up 33% from Ksh11.3B the previous year - placing dividend per share for 2022 at Ksh4 up from Ksh3 in 2021.
- For the financial year ended December 2022, Kenya Airways' loss more than doubled to hit Ksh38.26 billion from Ksh15.87 billion the previous year. The carrier last recorded a profit in 2012, when it posted a Ksh1.66 billion net profit.
- M-Pesa Foundation has partnered with Rose Women’s Foundation, for a Ksh6 million economic empowerment program that will see low-income women entrepreneurs equipped with the right skills to run sustainable businesses and alleviate poverty in the long-term. The program, which will benefit over 150…
- TV47 chief executive officer Abubakar Abdullahi has resigned from the station citing personal reasons and need to pursue other interests. In a note to the staff members, Abdullahi termed the opportunity to serve the station as the CEO as a “lifetime honour”. “It has been a lifetime honour and…
- Hundreds of unknown individuals stormed a farm associated with the family of former President Uhuru Kenyatta in Ruiru, Kiambu county on Monday, March 27.
- The list of female entrepreneurs who have defied odds and set up thriving empires in the business world through leading, innovating, and creating organisations is growing. This was unheard off over 30 years ago.
- The Central Bank of Kenya (CBK) has licensed 10 Digital Credit Providers (DCPs), which brings the total number of licenced digital lenders to 32. In a statement on Monday, March 27, 2023, CBK said it has received 401 applications since March 2022. “CBK has engaged other regulators and agencies…
- The Board of KCB Group has announced the appointment of Joseph Kinyua to the Board of Directors with effect from March 24, 2023. Kinyua is the immediate former Head of Public Service. He has had an illustrious career spanning over 44 years in public service and has a wealth of experience in public…
- The Board of Directors of the Standard Media Group PLC has announced the appointment of Thomas Omondi Achola as a Non-Executive Director with effect from March 24, 2023. Mr Achola is a Partner, Portfolio Operations at Centum and currently oversees the implementation of value creation plans in…
- The World Health Organization (WHO) estimates that oral diseases affect nearly 3.5 billion people globally. That’s close to half of the world’s estimated 7.7 billion people. Dental caries, also known as tooth decay or dental cavities, is the most common untreated health condition in the world,…
- Britam Holdings has been named as one of the top 50 best performing brands in East Africa, by Superbrands East Africa, following a consumer survey undertaken by Kantar Research, which evaluated the quality of services/products, reliability, and brand distinction, across the three East African…
- Listed superfoods grower and exporter Kakuzi Plc is set to provide free maturity testing services for local smallholder avocado farmers following the opening of the new avocado harvesting season today. The Agriculture and Food Authority (AFA), through its Horticultural Crops Directorate (HCD), has…
- His radio career saw him work for Christian stations Sayari and Biblia Husema, before making a lane in Kalenjin vernacular radio with stints at Kass FM and, later, Emoo FM.
- The death of Joseph Kubende, a well known political mobilizer from Bungoma, in Nairobi's Kasarani estate, is the latest in a string of controversial deaths changing the reputation of the city neighborhood.
- Digital insurance platform mTek has deployed four low-cost micro-insurance products targeting students on internship starting from as low as Ksh30 a month. mTek, which recently raised Ksh402 million in additional funding for its products’ expansion plans, says the new offerings – Loyalty PA, and…
- The President of the United Republic of Tanzania Samia Suluhu Hassan has officially launched Africa’s Food System Forum 2023, Africa’s premier platform for advancing the agriculture and food systems agenda on the continent, at State House, Tanzania. The theme of this year’s Forum – Recover,…
- Harriet Chebet Ng'ok was a high-flying financial manager consultant with stints at some of the world's biggest corporations, but is today best known as the Founder and Ceo of Harriet's Botanicals.
- Small and Medium Enterprises (MSMES) from Elgeyo Marakwet County are set to access subsidized credit facilities from KCB Bank, courtesy of a partnership worth Ksh30 million between KCB Foundation and the devolved unit. The deal seeks to accelerate wealth creation by skilling 500 youth and creating…
- Safaricom Foundation has launched its 2023-2026 strategy, titled ‘Partnering to Enhance Equity’, which will focus on community investments in Education, Health, and Economic Empowerment. This follows the successful implementation of its 2018 to 2021 strategy that saw over 4 million people…
- "Airlink's entry on the route supports last November's agreement by Kenya and South Africa to eliminate trade barriers and strengthen commerce and economic ties by opening up business and cooperation between the two major economies in key sectors and markets. It also follows South Africa's removal…
- TV licenses: In a statement issued on 22ndMarch, the Authority said Citizen TV, NTV, K24, KBC, TV47 and Ebru TV stations had contravened the code of coverage set by the government.
- Mr Seddiq Hassani, Group Chief Executive Officer (CEO) of Bamburi Cement has resigned effective March 31, 2023. Mr Hassani was appointed to the Board on February 9, 2018. “He has successfully steered the Company through a volatile and tough economic period brought on by the COVID-19 pandemic and…
- Mr Dennis Itumbi, who has been nominated by President William Ruto for the position of Cabinet Administrative Secretary (CAS) in the Ministry of ICT and Digital Economy, disclosed the hackers could be related to digital currency.
- The Kenya FX Code sets out standards for commercial banks, and aims to strengthen and promote the integrity and effective functioning of the wholesale foreign exchange (FX) market in Kenya.
- CIC Insurance Group Plc has reported a Profit Before Tax of Kshs 2 billion for the year ended December 2022 compared to the profit before tax of Kshs 960 million recorded in 2021 representing a 112% growth. CIC has attributed the growth to the continued execution of its transformational initiatives…
- M-Pesa Africa has today launched a Shared Service Operations Centre (SSOC) in Nairobi. The M-Pesa SSOC will oversee service operations and technical support including incident monitoring and resolution, managing platform changes and upgrades, deployment of new features and capacity management, and…
- The betting company is in the process of identifying upcoming teams participating in regional leagues across the country which will receive the sporting kits.
- The British not-for-profit international development organisation Crown Agents, which supplied locomotives to Kenya’s very first railway lines has unveiled a strategic change in its Kenyan operations, with the opening of new offices in Nairobi to put Kenyan experts in charge of parts of its global…