- Software Group has announced the appointment of Jaime Pinto as the Chief Commercial Officer for the Africa region. Jaime has over years of professional experience in Payments, Telecom, Mobile and Financial solutions from Africa, Asia and Europe, having worked at different sized organizations – from…
- “Taking into account the weighted average cost of imported refined petroleum products and in line with government policy to progressively remove subsidy on petroleum fuels, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene increase…
- A County Deputy Governor has reportedly passéd away while boarding a Kenya Airways plane from Nairobi to Mombasa. In a statement released by Kenya Airways, the official developed breathing difficulties just after boarding the plane. Kenya Airways did not disclose the identity of the person though…
- At the end of September, Chebukati and his commissioners will be smiling all the way to the bank, and could afford a toast having closed the 2022 chapter on a high.
- Also present were a number of influential figures from the world of business. Here, Business Today looks at two notable billionaires whose appearance at the inauguration caught our eye
- Incoming county governments can create jobs for the millions of unemployed youths if they collaborate with hospitality players and the wider tourism industry. PrideInn Hotels, Resorts and Camps Founder and Managing Director Hasnain Noorani has urged the new county bosses to consider working with…
- Showmax is the best place in Africa to stream international series, according to the Primetime Emmy Awards. Content on Showmax won 27 Emmys, including Outstanding Drama (HBO’s Succession) and Limited or Anthology Series HBO’s The White Lotus, being the Emmys’ biggest winner this year with 10…
- The government will work with credit reference bureaus on a new system of credit score rating that provides borrowers with an opportunity to manage their creditworthiness.
- Customers seeking diagnostics services from Pathologists Lancet Kenya now have an opportunity to access the same through Ponea Health, an e-commerce healthcare technology platform connecting healthcare service providers with patients. Under this arrangement, patients will be able to book healthcare…
- The non-profit international development organization TechnoServe has officially launched a program that aims to widen the variety of fortified foods, ensuring Kenyan consumers continue to have access to nutritious meals. TechnoServe, with the support of a grant from the Bill and Melinda Gates…
- After a lull in the broadcast market, a new radio station is set to be launched with an eye on the national audience. BusinessToday understands that the radio station marketing surveys are being done to firm up its positioning in the highly competitive industry. See >> Battle For Radio…
- A mobile banking service offered by Co-operative Bank, MCo-opCash offers access to a variety of banking, money transfer, payment services and even loans.
- Insurance companies in Kenya paid 1.9 million claims in the second quarter of 2022, a 6.3% increase compared to the same period last year. The Insurance Regulatory Authority (IRA) April – June 2022 Claims report indicates that during the quarter General insurance business non-liability claims…
- Nyoro, who is also a partner in stock-broking firm Investax Capital, stated that he bought the stock as he believes it is undervalued. He disclosed that he has been purchasing the stock over the four years.
- ChildFund has launched a multimillion campaign to ensure the safety of children online in Kenya with studies indicating rising trends of abusé in the digital space targeting students. The Safe Community Linkages for Internet Child Safety (Safe CLICS) Project will be spending $1 million (Ksh115…
- President-Elect Dr William Samoei Ruto, is expected to be sworn in tomorrow Tuesday 13th Sept. 2022 in an elaborate ceremony that will set back the taxpayer Ksh200 million.
- Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors selected Jeremy Awori to succeed Ade…
- An article claiming that a Judiciary report revealed President-elect William Ruto did not attain the required threshold to win the August 9 Presidential contest is false. According to the article posted by Facebook user Ochieng Geoffery, Ruto did not attain the Constitutional threshold of 50 per…
- Dubbed Project Gamma, it will reportedly see Equity onboard the teachers' Spire Bank deposits and push to recover the bank's non-performing loans. Equity, a tier-1 lender, will take over just under Ksh900 million in assets and Ksh1.3 billion in liabilities.
- “IFC’s investment will support STE’s countrywide mobile network roll-out and help position the company to comply with the terms of its license, which outlines the requirement for a specified population and geographic coverage targets and reasonable tariffs, universal accessibility and tele density…
- “We do see prices of everything changing particularly where taxes are involved. We will look at all different levers and get extra efficiencies but we also see passing this to consumers although we are still engaging government,” stated EABL chief financial officer Risper Genga.
- Over 36,000 learners have gained literacy and numeracy skills through an Accelerated Learning Programme by Safaricom Foundation, Zizi Afrique Foundation and members of the Regional E*******n Learning Initiative. The programme which was launched in 2018 targeted learners from over 150 schools in…
- In today’s busy world, making time to visit the bank has become an unnecessary inconvenience and Co-op Bank is effectively bridging this gap through MCo-opCash, which can be accessed through *667# or via the MCo-opCash App.
- Absa Bank Kenya PLC’s Jeremy Awori is set to step down as CEO & Managing Director of the company on October 31, 2022. The Board of Absa Bank Kenya PLC announced that after nearly 10 years of service, Awori has decided to pursue a career opportunity outside the Absa Group. “Jeremy has been…
- Huawei Digital Power has launched a talent development program aimed at upskilling 1,000 practitioners and tertiary students with technical knowledge and skills in the digital power space. The program is initially being rolled out in Seven countries – Kenya, Uganda, Tanzania and Ethiopia – as the…
- PwC Africa, Private Company Services (PCS) has also undergone an element of change to become PwC Private. Offering the same service, from the same diverse, tech-powered community of solvers, the new name differentiates Private as a community of trusted business advisors who provide bespoke advice,…
- Private-equity fund manager Ascent today announced the final close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 128 million (Ksh15.4 billion), exceeding its initial target of USD 120 million. The first close of ARVF II was in in December 2020. ARVF II is a ten-year private equity…
- Bolt has introduced additional features on its driver’s App to enhance the safety and well-being of drivers, Boda riders, and passengers during a Bolt trip. The new safety features include the driver trip sharing feature and the rider score feature which now allow drivers, Boda Boda riders, on its…
- The current cohort of 44 Principal Secretaries will exit office with President Uhuru Kenyatta once Ruto is sworn in on Tuesday, September 13. Principal Secretaries serve as the accounting officers of various state departments.
- With the rise in popularity of mobile gaming, many gamers are now finding themselves playing on their mobile devices more often than on traditional gaming consoles. This is especially true in Kenya, where the majority of the population owns a smartphone. Mobile gaming has a number of advantages and…
- Since there is a chance for profit in the foreign exchange market, traders in Kenya of all experience levels, from novices just starting out in the financial markets to seasoned veterans with years of trading experience, are drawn to Forex trading. Many forex traders immediately enter the market,…
- They will also get access to support including a 6 month training program, a network of mentors, tailored workshops, and community building sessions.
- A digital card with a quote attributed to Jubilee Party Secretary General Jeremiah Kioni on the use of bulbs that spread darkness during elections is fake. In the digital card containing the branding of the Tuko news site, the Jubilee SG, who lost the Ndaragwa parliamentary seat in the 9th August…
- “I urge all data controllers and processors to get registered in compliance with the regulations which seek to protect the right of individuals and facilitate the realization of a thriving digital economy which relies on data for innovation and growth,” stated Data Commissioner, Immaculate Kassait.
- Hudson Sandler, independent strategic communications and ESG consultancy, has appointed Michelle Anekeya as Partner, Head of East Africa. With 16 years’ experience in integrated marketing and communications, Michelle has worked closely with clients in the public and private sector to tell their…
- KCB Bank Kenya and IFC have signed a partnership that will help catalyze the growth of climate finance in Kenya by increasing support for businesses addressing climate change. IFC will extend a $150 million (Ksh18 billion) loan to KCB Bank Kenya to fund the growth of the bank’s climate finance…
- Government officials were spotted at the sports complex on Monday, September 5 making inspections ahead of the ceremony, where several international leaders and dignitaries are set to be present.
- Taxi-hailing app Little has announced the launch of its venture into Electric Vehicle (EV) mobility with its Little E-BIKE, power-assisted electric bikes, and scooters. The initiative which comes against the backdrop of the skyrocketing cost of living sets the company apart in relieving consumers…
- A website promoting a cash grant of Ksh20,000 by President-elect William Ruto is fake. The cash grant is being promoted on this web link which emerged after Ruto was declared the winner of the 9th August Presidential elections. The web link has a poster claiming to offer Ksh20,000 to Kenyans for…
- A tweet claiming that Israeli Ambassador to Kenya Michael Lotem was fired after congratulating President-elect William Ruto is false. The tweet published on 23rd August 2022 claimed, “Israel Ambassador fired hours after congratulating Ruto.” The tweet has been retweeted over 170 times and attracted…
- Reports have previously valued the three companies associated with Nyoro in excess of Ksh300 million. It also recently emerged that he is one of the largest individual shareholders in power utility Kenya Power, with a total of 9,116,800 ordinary shares or 0.46 per cent as of 2021.
- An alleged front page of The Star newspaper claiming that Supreme Court Judge Isaac Lenaola, was bribed by Uasin Gishu woman representative Gladys Shollei is altered. The front page dated August 30, 2022, claims that the Supreme Court judge was given $1.7 million (equivalent to Ksh204.5 million as…
- The Ministry of Health has signed a collaborative pact with innovative healthcare company Johnson & Jŏhnson to facilitate access to quality mental healthcare services in Kenya. Kenyans will benefit from improved access to effective and appropriate mental healthcare services and products through…
- A tweet claiming that newly elected Nairobi Governor, Mr Johnson Sakaja, has banned handcarts and trolleys in the city centre is false. The tweet, published by Roy Otieno reads, “Nairobi Governor @SakajaJohnson bans all mkokoteni’s (handcarts) and trolleys in CBD starting today (29th August 2022)……
- MultiChoice Kenya held its 2022 annual content showcase this week in an exciting reveal of upcoming sports, local and international content that will keep GOtv and DStv customer entertained in the coming months. “Our flagship local channels in all MultiChoice markets will continue to tell stories…
- It was a massively profitable deal for DEG, IFC, and the PE firms who bought a 31.5 percent stake in Naivas in 2020 for Ksh6 billion only to sell it for Ksh14.37 billion two years later.
- Diamond Trust Bank (DTB) Group CEO Nasim Devji has been listed as one of the Top 25 Powerful Women in the C-Suite Impacting Business 2022 by the Business Monthly magazine. Specifically, Mrs Devji has been recognised for her role in steering DTB’s expansion drive to complement the group’s business…