- All assets tend to decline with rare recovery periods during a bear market. At some point, the price of an investment will fall low enough to become attractive to investors again. An accumulation phase usually follows, followed by a trend reversal. People buy crypto futures during this time.
- Octagon Africa has received approval from the Retirement Benefits Authority (RBA) to manage Tier II contributions from employers who opt out of the National Social Security Fund (NSSF) through the Octagon Umbrella Retirement Benefits Scheme. The regulatory approval is in line with the NSSF Act,…
- The move follows the launch of its life insurance business, Equity Life Assurance Kenya (ELAK), last year. Citing milestones achieved by the life insurance business, the financial services group explained that it had now set its sights on a successful foray into general insurance.
- The new Kenya Medical Supplies Authority (KEMSA) chairperson Irungu Nyakera has promised to clear the mess at the state agency, which has been riddled with cases of corruption in the last few years. In a statement, Nyakera said that the exercise won’t be easy, but assured Kenyans to clean the…
- By Chetan Ratna The Energy Internet presents a futuristic evolution of electricity systems and is conceptualised as an energy-sharing network. The research paper Energy Internet – the Future of Electricity theorises the sharing of network resources will include the integration of small-scale…
- M-KOPA has announced it successfully closed over $250 million (Ksh34 billion) in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector,…
- Savannah Cement had fought an ultimately futile legal battle over the past year disputing the debts of over Ksh7 billion owed to KCB Bank and over Ksh3 billion owed to Absa Bank.
- With vast interests in real estate, hospitality, media, manufacturing, transport and agriculture among other sectors, the family of the late former President Daniel Arap Moi is one of Kenya's wealthiest. Former Senator Gideon Moi, also his political heir, has been central in controlling the family…
- The government has completely removed the subsidy on diesel and kerosene, marking the end of the fuel subsidy programme even as fuel prices hike. In an announcement on Sunday night, the Energy & Petroleum Regulatory Authority (EPRA) increased the retail price of super petrol, diesel and…
- It is understood that the story of the scandal, in which the government paid Ksh6.09 billion few days to the 9th August 2022 general elections, ran afoul a section of the senior Nation Media leadership.
- Hollywood city in the state of Florida (United States) and the Moroccan city of Laayoune laid down a twin-city deal, signed Wednesday in Laayoune, aimed at strengthening bilateral relations in the economic, cultural, educational and tourist fields.
- The deal, covering only two matches, is worth $60,000 (Ksh8.2) million. The cash will be shared among Kenyan Premier League (KPL) clubs, which collectively own the broadcasting rights.
- The Cabinet Secretary for National Treasury and Planning, Prof Njuguna Ndung'u, says the government-to-government (G-G) framework being introduced on the importation of petroleum products is an innovative solution to ensure stability and predict pump prices.
- Sama has been ordered to continue paying Facebook content moderators pending the determination of an unlawful termination suit filed by 184 moderators.
- Sama has been ordered to continue paying Facebook content moderators pending the determination of an unlawful termination suit filed by 184 moderators.
- Family Bank and Wylde International have entered into a partnership that will see them collaborate to develop the Small and Medium Enterprises(SME) ecosystem through capacity-building trainings to help build resilient businesses. The partnership will see SMEs gain value in digital marketing,…
- The much-awaited Google I/O 2023 conference, an annual event where Google showcases its latest innovations, product updates, and vision for the future, wrapped up its keynote session on 10th May.
- East Africa’s real estate sector will continue to witness an increase in capital investment chiefly from international real estate funds and institutional players. This has been revealed by Niyi Adeleye, Stanbic Bank’s Head of African Real Estate who noted that the interest in the region has been…
- In addition to its latest expansion, Wasoko will also be doubling its service radius across all of its existing locations in Kenya, Tanzania, Rwanda and Uganda, where it has amassed a network of over 200,000 informal retailers and delivered more than 5mn orders to-date.
- Kenya Breweries Limited (KBL) has committed to providing 100% of their local sourcing communities, currently comprising 60,000 farmers, with agricultural skills and resources to help them build economic and environmental resilience in the face of climate change. The company will also equip…
- Safaricom Telecommunications Ethiopia has officially been granted the license to operate mobile money services in Ethiopia. The licence comes seven months after the commercial launch of GSM services. The M-Pesa license will open the country to the world’s largest mobile payment system and Africa’s…
- "This year, we all experienced tough headwinds, including high inflation, a depreciating shilling, severe drought, and failed rain seasons among others," noted Safaricom CEO Peter Ndegwa, alluding to the larger macro-economic downturn in Kenya.
- Safaricom has entered into a partnership with the Lake Region Economic Bloc (LREB) to implement various initiatives aimed at accelerating the region’s adoption of technology. The initiatives which will be implemented under myCounty App will include digitising the counties, enabling solutions,…
- Kevian manufacturers the popular Afia and Pick n Peel fruit juices distributed in Kenya and East and Southern Africa. It also produces energy drinks, non-alcoholic malt drinks and tomato sauce among other goods.
- SC Ventures, the fintech, investment and ventures arm of Standard Chartered, has launched Kenya-based Tawi, a B2B agritech marketplace for secure e-commerce transactions for smallholder farmers in Kenya. Tawi aims to provide farmers with a viable and consistent market, price transparency and…
- Data-driven African agricultural input supply company, iProcure, has announced its expansion into Tanzania through its partnership with the Farm to Market Alliance
- 10.2 million treated mosquito nets were to be supplied by the winning bidder. Global Fund is reportedly demanding action against officials responsible for the tender's cancellation which also cost Kemsa Ksh370 million in revenue.
- More than 1300 women-owned small businesses have benefited from Absa Bank’s SHE Star Program after undergoing blended finance and business development services capacity building aimed at increasing the growth and competitiveness of women-owned MSMEs. Speaking during the graduation ceremony for the…
- Samsung Electronics has unveiled One UI 5 Watch to be available for Galaxy Watch devices later this year designed to bring an even more personalized and intuitive health experience and includes enhancements that support better sleep.
- Besides being artists themselves, they opened a chain of music shops in the 90's, selling physical copies of Gospel music on cassettes and, later, CDs. Now, with streaming dominating the market and piracy not uncommon, the Kassangas are done selling music.
- DT Dobie has merged its operations with CFAO Motors, the seller of Toyota vehicles in Kenya, in a new restructuring effort. The merger has resulted in an unspecified number of job losses at the company.
- Britam Holdings Plc, in partnership with Oxfam in Kenya and global reinsurer Swiss Re, has launched an index-based floods insurance in Kenya to cushion small-scale farmers living along the banks of Tana River from the adverse effects of catastrophic floods.
- Kenya Electricity Generating Company (KenGen) plans to add 40MW of geothermal energy to the grid after the German government launched an uprating project of KenGen’s Olkaria I Additional Unit 4, 5, and Olkaria IV geothermal power plants.
- "The Cabinet Secretaries responsible for Interior and Public Works have been instructed to urgently develop a Prisons Masterplan which will be used to identify and develop new prison sites."
- Themed Towards a Digitized, Green and Resilient Economy, the conference also includes an awards ceremony during which outstanding public servants are to be recognized.
- The U.S. Department of State has announced the winners of the 2024 Diversity Visa lottery (Green Card). Out of the millions who entered last year’s lottery, 55,000 applicants have been selected to apply for permanent resident status. Having a Green Card (officially known as a Permanent Resident…
- The Ministry of Labour and Social Protection said it has signed bilateral labour agreements with seven countries to assist qualified but unemployed Kenyans to secure jobs abroad.
- HomeBiogas develops biogas systems that enable households, businesses, farms and schools to turn their organic waste into clean energy for cooking on-site.
- Binance has announced the introduction of the Binance Crypto Price Widget as part of its ongoing effort to make cryptocurrency trading both more accessible and more widely understood. The Binance Crypto Price widget is an easy to install, easily integrated tool that provides value to website…
- VOLLEYBALL: Reigning continental champions KCB have enhanced preparations for the 2023 African Club Championship expected to start off on May 12th to 22nd, 2023 in Kelibia, Tunisia. The bankers who have been regular participants in the annual competition successfully defeated North Africa’s Al…
