- Among famous women who have been spotted rocking Nthenya's handbags are actress Viola Davis, star songwriter Bianca "Blush" Atterberry and the first lady of the Ivory Coast, Dominique Claudine Ouattara.
- Mizizi Africa Homes has begun a phased exit from off-plan housing as it entrenches the ‘Buy, We build’ concept into its operations. The developer has roped in a financial consulting company, One Roxas International to help prospective homeowners access funding before the commencement of housing…
- Kenya’s Cabinet Secretary for finance, Prof Njuguna Ndung'u, has been elected the chairman of the Board of Governors for African Development Bank Group.
- The Co-operative Bank of Kenya recorded a 5.2% growth in its profit after tax to Ksh6.1 billion in first quarter of 2023, from Ksh5.8 billion the previous year
- The London Court of Appeal on Thursday irrevocably rejected the appeal of the pro-separatist NGO ”WSC” against a previous decision of the Administrative Court, rejecting its request that attempted to question the association’s agreement linking Morocco to the United Kingdom. This third setback…
- KCB Group Plc Board has elected FCS Dr Joseph Kinyua, EGH, as the new Chairman of the Group Board with effect from May 26, 2023. Dr Kinyua, the immediate former Head of Public Service and Secretary to the Cabinet was appointed to the Board of KCB Group in March 2023. He takes over as Group […]
- "I must tell you. Collusion, wanton bribe-taking and general corruption continue to pervade operations of KRA. There are many people who are encouraged and facilitated by KRA staff not to pay tax, and you know what I am saying is true," Ruto observed.
- Nation Media Group (NMG) has announced a second buy back program, with the media giant aiming to buy back 10% of its shares at the Nairobi Securities Exchange (NSE).
- The sheer size of his empire as well and his commitment to philanthropy in sectors including health, environment and education have made him a towering figure in Mombasa, with great influence.
- The Kenya National Chamber of Commerce and Industry presidential candidate Dr Eric Ruto has promised to back and enact a proposal by women directors in Nyanza region to create a women in business, youth and people with disability office if elected.
- Safaricom customers using 5G smartphones are set to enjoy a Safaricom free 5GB data bundle to experience the super-fast 5G network, as coverage and device penetration continue to grow.
- Google has announced the expansion of its Flood Hub platform to cover 80 countries worldwide, including the addition of eight new countries in Africa.
- Kenya National Chamber of Commerce and Industry (KNCCI) President Richard Ngatia faces a stiff challenge from his deputy, Eric Ruto who is looking to dethrone him at the chamber's elections scheduled for June 8th.
- Kenya Revenue Authority (KRA) will collaborate with the County Government of Embu, in a move to enhance own-source revenue collection and capacity building. During a courtesy visit to the Governor, Embu County Cecily Mbarire, KRA’s leadership team led by Board Director Darshan Shah and the Ag.…
- Prior to joining the government, Ngero, a certified accountant, was CEO of Dalbit International Limited, overseeing the company's petroleum products operations in East African and Southern African markets. Dalbit is owned by tycoon Humphrey Kariuki's Janus Continental Group.
- Global independent oil and gas, exploration and production firm Tullow Oil plc has acquired complete control of the Turkana County-based Project Oil Kenya development following the withdrawal of its two joint venture partners. With the strategic exit of Africa Oil Corp and Total Energies from the…
- The Central Bank of Kenya (CBK) has announced an acquisition of 20 per cent of the shareholding of Credit Bank PLC (CBP) by Shorecap III, LP (Shorecap) effective June 15, 2023. “This follows CBK’s approval on April 24, 2023, under Section 13(4) of the Banking Act and approval by the Cabinet…
- Kenya is one of the fastest growing economies in Africa. According to Prof Njuguna Ndung’u, Cabinet Secretary for the National Treasury, the latest IMF forecast shows that Global growth is estimated to slow down from 3.2% in 2022 to 2.7% in 2023. Kenya’s economy is estimated to grow by 5.5% in 2023…
- Trade and Investments Cabinet Secretary Moses Kuria has announced a plan that would see all Kenyan businesses obligated to join the Kenya National Chamber of Commerce and Industry (KNCCI).
- Former President late Mwai Kibaki’s daughter Judith Kibaki is set to auction controversial businessman Kevin Obia over rent arrears amounting to Ksh3.1 million. Already, Judith has engaged Wiskam Auctioneers who have set the auction date for Wednesday, May 24, 2023. Initially, Obia had obtained an…
- "In the next one month or so, you will see the exchange rate coming down in a very phenomenal way," Ruto stated on April 11, talking up the deal to import oil on credit from Saudi Arabia and how it would ease demand for the dollar.
- Outside the political intrigue that has characterized much of his life in the public eye, Duale is a businessman with interests in real estate, hospitality and livestock among other sectors.
- The electric buses were delivered by electric mobility startup BasiGo, which has been ramping up its operations in the capital by partnering up with leading matatu operators in the city.
- The Kenyan economy is likely to decelerate towards the end of the year due to the erosion of household purchasing power, the lack of dollars and the weakening Kenyan shilling. Already, a majority of Kenyans are lamenting the increasing cost of living, with few unable to purchase everything they…
- The High Court in Nairobi has pushed sentencing of Sarbjit Singh Rai, Rakesh Kumar and Stephen Kihumba of Sarrai Group to 15th June in a contempt of court case.
- Former Kiambu Governor William Kabogo is one of Kenya's wealthiest politicians. Kabogo has over the years invested heavily in commercial and residential real estate properties, and is one of the top property owners in Kiambu county.
- Kakuzi shareholders will enjoy a Ksh24 dividend payout, as earlier recommended by the Board and approved during the annual general meeting (AGM), up from the Ksh22 payout the previous year. The enhanced dividends shall be paid on June 30, 2023, to the shareholders on the members’ register as of the…
- Mr John Ngumi is not your typical celebrity entrepreneur of financial expert. He is often a laidback corporate number cruncher who was shoved into the limelight through political appointments during the President Uhuru Kenyatta regime.
- Several international VIPs are set to attend the fifth Annual Ateker International Development Organisation’s (AIDO) Convention in Mombasa. The event aims to welcome “home” African descendants living away from the continent, some of whom have never stepped foot in Africa. “The event under…
- Mishra first came to Kenya with his wife in 1997. He had secured a Bachelor of Medicine and Surgery from India's Berhapur University, in addition to a Masters in Obstetrics & Gynecology from the University of Rajasthan also in India.
- KickStart, a social enterprise working to reduce poverty, has entered into a strategic partnership with ChildFund to empower smallholder farmers with irrigation technology to enhance food production and commercial farming.
- Three Eveready board members including the chairman have resigned. The three, Lucy Waithaka (outgoing Chairperson), Fauzia Shah and Akif Hamid Butt resigned on May 10, 2023, according to disclosures from the company. In their place, Faith Mwaura, Maurice Nduranu and Wilfred Saroni were appointed to…
- Kenyan tycoon Julius Mwale, the founder of $2 billion Mwale Medical and Technology City (MMTC), has been named as one of the key investors in Forbes acquisition for $800 million (Ksh109 billion) .
- As part of Africa Day celebration on 25 May, Meta announced the third iteration of its pan-African 'Made by Africa, Loved by the World' campaign. Themed "Rising Stars", this year's edition aims to amplify the voices and stories of eight rising talents from across Africa, who are building a global…
- Zydii, a Nairobi-based digital training solutions provider founded by two Kenyan ladies, has received pre-seed funding from DOB Equity, Kua Ventures, Kaleo Ventures and NaiBAN.
- Agence France Presse (AFP) has been called out for abandoning its professional, ethical and deontological obligations in the treatment of Algerian news and persists, on the contrary, in providing incriminating and biased coverage against the Kingdom of Morocco.
