- “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…
- He promised that heads would roll after establishing that the county had over 250 drivers on its payroll despite only having 82 vehicles. It also emerged that while the county has been officially procuring comprehensive covers for its vehicles, many of the cars upon inspection were found to have…
- The move makes Kimani, who has been described as a 'buy-and-hold' investor, Centum's third-largest shareholder after the estate of the late mogul Chris Kirubi, which owns 30.94% of the company, and State-owned Kenya Development Corporation which holds a 22.97 per cent stake in the company.
- Listed Agribusiness firm Kakuzi Plc has confirmed that its inaugural Hass Avocado export cargo to China has been sold-out in the quality-conscious market. According to Kakuzi PLC Managing Director Mr Christopher Flowers, the success of the inaugural export cargo to China has paved the way for the…
- Kenya Electricity Generating Company PLC (KenGen) and Toshiba Energy Systems & Solutions Corporation have signed a memorandum of understanding (MOU) for Operation and Maintenance (O&M) services for geothermal power plants in developing countries including East African countries. The project…
- Kenya Electricity Generating Company PLC (KenGen) Managing Director and CEO, Rebecca Miano has been appointed as the new Vice Chair of the Board of the Global Compact Network Kenya for a three-year term. Global Compact Network Kenya is the Local Network of the United Nations Global Compact that is…
- A photo of ODM party leader and Azimio La Umoja One Kenya Alliance presidential candidate Raila Odinga donning a United Democratic Alliance (UDA) branded T-shirt and hat has been manipulated. The photo shared in some Whatsapp forums shows Raila Odinga, a presidential candidate in the 9th August…
- Firms including Wasoko under the Silicon Zanzibar program will benefit from Zanzibar Free Economic Zone incentives including exemption from corporate tax for 10 years, work visas for relocating tech workers and availability of working space & accommodation at Fumba town, located 9km from Abeid…
- You may have recently observed the rising popularity of cryptocurrency. Compared to fiat currency, crypto is digital and decentralized. When one says that it’s decentralized, any single institution does not regulate it. Instead, it operates under a blockchain or publicly distributed ledger to…
- Pay television company StarTimes has acquired the FIBA EuroBasket 2022 broadcast rights. The tournament will be star-studded as ever with the biggest names in basketball set to step out in Europe’s flagship event. The FIBA EuroBasket 2022 will take place from September 1 to 18 where the broadcaster…
- “We are in a state of limbo as to whether we should serve NHIF outpatient or not because we run the risk of not being paid adequately,” stated Dr Samuel Mwenda who chairs the Kenya Faith Based Health Services Consortium (KFBHSC).
- The notice is set to affect several businesses which had emerged as vendors of prepaid electricity tokens. They include digital companies which Kenya Power allowed to sell tokens to consumers via their own platforms and several small businesses which offered the service in highly-populated…
- The government has launched new generation of digital number plates at the GSU Recce unit Headquarters in Ruiru, Nairobi, that will cost motorists Ksh3,000 to acquire. The new plates are inbuilt with security features to allow the tracing of car ownership by law enforcement agencies. According to…
- Family Bank Group has posted a Ksh2.3 billion Profit Before Tax in the first six months of 2022. This is a 37.4 % increase in Profit before tax compared to Ksh1.7 billion registered in the same period in 2021. The profit growth was driven by a 24% growth in net interest income to Ksh6.1 billion […]
- The local avocado growers and exporters may soon enjoy further market diversification opportunities’ in Malaysia as part of ongoing trade facilitation efforts by the Kenya Plant Health inspectorate Service (KEPHIS). KEPHIS, the national plant health regulatory agency, has been engaging counterpart…
- According to the Boda Boda Safety Association, there are over 50,000 boda bodas operating in Nairobi. They have previously clashed with the county and national governments over alleged recklessness and association with disorder.
- African digital payments provider DPO Group Kenya has received official approval from the Central Bank of Kenya (CBK) to operate as a Payment Service Provider (PSP) in the country. The National Payment System Act requires all PSPs to undergo a rigorous license application process in order to…
- Garam Auctioneers disclosed that the building fetches an estimated monthly rent of Ksh3 million. It is a seven-storey commercial complex with two basement floors, a penthouse on the rooftop, a sentry house and a power house. The total lettable area is 34,000 sq. feet.
- Kenya’s fastest growing bettíng and sports entertainment company Betafriq has once again generated the country’s most exciting and customer-oriented bonus for the 2022/2023 football calendar. Under this bonus, bettíng on any of the top leagues could earn you a double-cash-bonus stake. Betafriq has…