- The Central Bank of Kenya (CBK) has announced the acquisition of 55.8 percent shareholding of Maisha Microfinance Bank Limited (Maisha MFB) by Cactus Cantina Investments Limited (Cactus Cantina) effective May 1, 2023. This follows CBK’s approval on March 16, 2023, under Section 19 (4) of the…
- The plant will have a capacity to produce 4,000 bottles per hour. According to KPC, the plant will package water in 500-millilitre, 1-litre, and 18.9-litre bottles.
- Unbreakable Passwords: Despite their enormous importance, there are still a high number of bad practices when it comes to managing and creating passwords.
- James Finlay Kenya managing director Simeon Hutchinson stated that the deal would be completed in the next few months. Finlays asserted that there would be no change in the employment arrangements of current employees of James Finlay Kenya.
- Ecobank Kenya has launched the Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, a Kenyan Fintech company and Ecobank. The launch of the App in Kenya will be followed by…
- His church sits on a 65-acre piece of land in Kilifi, as the centrepiece of a city project being undertaken by Odero. New Life Church, which has a capacity of over 40,000 congregants, was closed by police following Ezekiel’s arrest last week.
- Safaricom and KCB Bank Kenya have launched Fuliza ya Biashara, a service that enables business owners on Lipa Na M-Pesa to complete payments even with insufficient funds in their till. Fuliza ya Biashara will apply when making transactions from a Lipa Na M-Pesa Business Till to other Till Numbers…
- The Board of Directors of Home Afrika Limited has appointed Catherine Wahome as a Non-Executive Director of Home Afrika with effect from April 28, 2023. In a statement, Home Africa termed Catherine Wahome as a seasoned People Management and Development professional with experience spanning close to…
- Xiaomi Kenya on 3rd May 2023 launched the highly anticipated Redmi Note 12 Series in Kenya, pushing forward the legacy of Redmi Note series with four all-new devices
- It was the second-highest number of petitions for liquidations of companies filed in court in a single month since the Office began making the records publicly available in 2015, with nine petitions filed in October 2022 and February 2020.
- The Central Bank of Kenya (CBK) has announced the issuance and implementation of the Kenya Quick Response (QR) Code Standard 2023. The Standard will guide how Payment Service Providers and banks that are regulated by the CBK will issue Quick Response (QR) Codes to consumers and businesses that…
- The Public Service Commission (PSC) has listed six candidates who will be interviewed for the Central Bank of Kenya (CBK) Governor’s post. In a statement, PSC said that interviews for the six candidates will take place on May 9, 2023. The six are seeking to succeed the current governor Dr Patrick…
- President William Ruto has appointed the former presiding bishop of Christ is the Answer Ministries (Citam) David Oginde as the chairperson of the Ethics and Anti-Corruption Commission (EACC). Bishop Oginde will serve for six years, taking over from Archbishop Eliud Wabukala, who retired earlier…
- AFEX, Africa’s leading commodities market player, has secured first place in the Financial Times (FT) ranking of Africa’s Fastest-Growing Companies in 2023. Since it first appeared on the inaugural list last year, AFEX has doubled in revenue and expanded operations into East Africa, having financed…
- The Employment and Labour Relations Court in Nairobi has dismissed an application by two former KTDA managers seeking a suspension of their termination from office and recruitment to fill their past positions.
- Mwaura disclosed that he would feature on 'Focus on Africa' - a programme on the BBC World Service that delivers political, economic, sports and cultural news from Africa.
- Safaricom, in partnership with the Football Kenya Federation (FKF) has launched the fourth edition of the Safaricom Chapa Dimba football tournament after a three-year hiatus at an event held at Camp Toyoyo in Jericho, Nairobi County. Speaking during the launch, Safaricom CEO Peter Ndegwa stated…
- Rental prices in satellite towns defied the trend in the city. While the overall rental market declined by 0.5 per cent on average over the last quarter, and by 1.2 per cent over the past year, apartments located in satellite towns posted average rental returns of 3.4 per cent over the quarter and…
- DIB Bank Kenya Limited, a subsidiary of Dubai Islamic Bank PJSC, has been named the Best Overall Islamic Bank in Kenya at the Islamic Finance News (IFN) Awards for the year 2022. The Award ceremony, held in Dubai – United Arab Emirates recognized DIB Bank Kenya’s efforts in banking, investment, and…
- Safaricom and the Higher Education Loans Board (HELB) have today announced a partnership launching the HELB Mobile Wallet and HELB M-Pesa Mini App. The HELB Mobile Wallet will empower students to receive the upkeep portion of their student loans direct to their M-Pesa account. In addition, the two…
- Safaricom has launched myCounty, a platform that enables all 47 counties to digitise all their services in one place providing a single, citizen access channel. The platform will include payment for county services, revenue management systems, a citizen reporting and engagement tool and solutions…
- Enwealth Umbrella Fund has been approved by the Retirement Benefits Authority (RBA) to manage Tier 2 NSSF contributions from employers who opt out of the state pension fund. Enwealth Financial Services is among the first pensions administrators in the industry to receive the approval, coming weeks…
- Pensions provider, Zamara Group, has been named the Best Pensions Administration Services Provider at the MEA Awards 2023. The MEA Awards celebrate excellence across all sectors of the African economy, recognizing organizations and individuals who have exhibited outstanding performance over the…
- HF Group, through its banking subsidiary HFC has entered into a partnership with the Jua Kali Contractors Federation of Kenya (JKCFK) that will see the lender support the federation and its members with access to credit and opportunities for enhanced participation in Kenya’s real estate value chain…
- Kuria talked up the government's plan to stimulate the capital markets by listing several major companies and parastatals on the Nairobi Stock Exchange (NSE), telling investors that they were 'up for grabs'
- Weru, who was earlier this year appointed as Head of Events and Branding by he Nairobi County Government, is set to host a show on NRG Radio alongside Kamene Goro and Pierra Makena.
- Traders who want to protect their wealth against market fluctuations, political unpredictability, and economic recession might do so by trading gold, a safe haven asset. It can also play a significant role in a well-balanced investment strategy for the long run. Gold and other precious metals can…
- Joe Sang has been reappointed as the managing director of the Kenya Pipeline Company Ltd (KPC). In a statement, KPC chairperson Faith Bett said that Sang emerged top in the just concluded recruitment process. Sang’s contract will be for a fresh term of four years, renewable subject to performance.…
- Financial and capital markets fintech investment group 42Markets Group has secured $10 million (Ksh1.3 billion) in growth funding from Convergence Partners, a leading private equity investor dedicated to the technology sector across sub-Saharan Africa. This comes days after it recently closed its…
- The Cabinet Secretary, Ministry of Energy & Petroleum Davis Chirchir has appointed Dr (Eng) John Mativo as the Managing Director & Chief Executive Officer for the Kenya Electricity Transmission Company (KETRACO) Ltd. Dr. (Eng) Mativo was picked from the three names recommended to the CS…
- Technology will be a key driver of microinsurance in Africa as insurers close the protection gap in driving the inclusive insurance agenda. Speaking at the ongoing Eastern and Southern Africa Regional Conference on Inclusive Insurance, the IRA Commissioner of Insurance Godfrey Kiptum urged insurers…
- SC Johnson and the government of Kenya have announced a new public-private partnership in the fight against malaria. The initiative builds on the company’s 10-year path to develop and distribute low-cost, long-lasting spatial repellent products that can join widely used interventions like mosquito…
- Mount Kenya University’s Kigali Campus - MKU Rwanda - has rebranded to Mount Kigali University after receiving a charter from the Government of Rwanda.
- Currently, importers have 30 days to pay all taxes, sometimes at nearly 55 percent of import cost, and remove their units from container freight stations (CFS).
- CMC Group announced the major shift in business strategy on 24th April, which will see it invest and refocus growth efforts towards the agriculture mechanization as well as the two-wheeler sector, which includes motorbikes.
- With cyberattacks on the increase in Kenya, businesses of all sizes face a range of attacks. Hits in the past month on Naivas Supermarkets and Kenya Airports Authority (KAA) have brought to the fore the threat of ransomware attacks, particularly on large organizations.
- Safaricom has increased its 5G coverage to 28 towns across 21 counties. Safaricom has also introduced 5G data bundles to enable its over 400,000 customers using 5G smartphones to browse at ultra-fast speeds, with typical speeds of 400Mbps to 700Mbps. The 5G bundles are personalised based on usage…
- Username Investment Ltd has been feted as a top Real Estate Land Seller at Starbrands East Africa Awards 2023-2024 Edition. The award ceremony took place at Safari Park Hotel in Nairobi and brought together over 30 different sectors offering a wide range of products and services. Username…
