- “KRA wishes to state that it is currently undertaking internal reviews on transfer pricing and other tax practices of Kakuzi PLC with a view of commencing an in-depth audit work,” Rispah Simiyu, the commissioner for domestic taxes, disclosed.
- Joseph, who was the company's CEO when it rolled out the pioneering mobile money service M-Pesa, explained that his vision was focused on driving savings - but corporate interests meant that lending was simply more profitable.
- What would you do if you were given one million right now? You would probably buy that car you have always wanted or that house you have always dreamed of, or better invested in a business opportunity that will give you good returns. Now here is your chance to be an instant millionaire, and It’s […]
- "Kenya must have a reduction in the cost of energy if we are to improve our competitiveness and ultimate position to create opportunities of employment for our young people,” the President stated.
- MultiChoice recently succeeded in its legal battle to have 44 illegal sports streaming websites blocked in Kenya by Internet Service Providers (ISPs) including Safaricom. The websites are used by many Kenyans as alternative platforms to watch live sports including the Premier League and UEFA…
- Kenya-grown fresh avocado fruits sourced from listed agribusiness firm Kakuzi Plc have hit the largest fresh fruit wholesale market in East China. The premium fruits which arrived in Shanghai, China, Sunday evening were stocked at the Shanghai Huizhan Fruit and Vegetable Wholesale Market just a day…
- As part of their plans for the economy, both leading Presidential candidates have promised to tackle the high cost of living as a matter of priority. Consumer inflation rose to 8.3% year-on-year in July, up from 7.9% a month earlier.
- An image circulating online that purportedly represents Kamariny Stadium in West Pokot is false. The image has previously been posted by OMGVoice Kenya, a verified Facebook page under the caption, “Kamariny stadium in west Pokot now complete”. In the home stretch of the 2022 General elections…
- SuperSport continues to deliver an unrivalled selection of football, and DStv is set to be the home of the top leagues in the world when the New Football Season kicks off on 5th Friday, 2022. Pubs, clubs and hotels can look forward to increased footfall beginning this Friday when the first whistle…
- SuperSport has launched a brand new series that is made just for the WWE Universe in Africa. JAMBO WWE, a high-energy 30-minute weekly show, will be fans’ all-access pass to all things WWE. WWE JAMBO will deliver a unique twist to the breaking news, exclusive interviews and hottest stories in WWE…
- Odibets has yet again come through for betting fanatics after it launched the Omokana EPL season two promo on Wednesday, 3rd August, 2022 at the Raddisson Blue Hotel in Nairobi. The one-of-a-kind promo that was launched last year before the 2021/2022 EPL season saw several punters win various cash…
- The trial is expected to offer important insights on the potential opportunities and challenges associated with electric vehicle charging in Kenya. If fully implemented, the plan would see the electric vehicle charging network spread across the country as Kenya Power looks to increase sales of…
- A Facebook page bearing the name of Kitui South MP Dr Rachael Kaki is fake and is not operated or affiliated with her. The ‘Hon. Rachael Nyamai Kaki’ page’ currently has 1,133 followers and was opened on June 19, 2022, during the campaign period preceding the August 9, 2022 polls in Kenya. Since…
- Financial inclusion rates in the DRC have been growing - driven largely by the uptake of mobile money. Data from the World Bank's Global Findex database indicates that the share of adults with an account in the country (including a mobile money account) rose from 26% in 2017 to 47% in 2021.
- NCBA Bank has, for the third time in a row, been recognized as the most preferred bank in asset finance in the banking category at the Transport and Logistics Excellence Awards held in Nairobi. The Transport and Logistics Awards is an annual event that brings together different stakeholders across…
- Maryanne Kirubi has been steering the Kirubi estate since her father's death. She promised at his funeral to uphold his legacy while highlighting the challenge of filling his shoes.
- Kenya-based startup Lami Technologies has raised a US$ 3.7 million (Ksh440 million) seed extension to expand its insurtech product across Africa. The extension was led by Harlem Capital, an early-stage venture firm that invests in seed-stage tech-enabled startups, focused on minority and women…
- Safaricom has unveiled a new brand campaign dubbed “Tuinuane” that is aimed at encouraging Kenyans to uplift one another. In the spirit of “Tuinuane”, Safaricom intends to empower communities, give students easy and simple access to learning materials, and unveil innovative products and services…
- Before his stint as CEO of the Independent Electoral and Boundaries Commission (IEBC) thrust him into the public eye, Communications Authority (CA) Director-General Ezra Chiloba was a high-flying executive boasting numerous career successes in the private sector and with non-governmental…
- The row over the ownership of a 3-acre piece of prime land in the Muthaiga, Nairobi pits Mwangi against Mount Pleasant Director Anverali Amershi Karmali. Both individuals have laid claim to the land.
- The Board of Britam Holdings Plc has announced the appointment of Mr Tom Gitogo as the Group Managing Director and Chief Executive Officer effective September 1, 2022, subject to the Insurance Regulatory Authority’s approval. Mr Gitogo has over 20 years of experience in the insurance industry and…
- Education Cabinet Secretary Prof George Magoha has announced the immediate closure of schools even as the country enters the final week towards the August polls. In a statement, Prof Magoha said that that move is aimed at helping the government prepare well for the polls, slated for Tuesday, August…
- The town is home to many individuals mostly running mobile money scams, including SIM SWAP fraud. SIM SWAP fraud is a form of identity fraud in which scammers replace and take over the customer's phone line enabling them to access mobile money and banking wallets among other sensitive information.
- China had initially put up tough requirements for Kenyan firms seeking to export avocados and required Kenya to only export the frozen crop. In March, however, China changed its stance and allowed Kenya to export fresh avocados.
- The Ministry of ICT, Innovation and Youth Affairs, through the Information and Communication Technology Authority (ICTA) has commissioned the construction of Kenya’s first software factory in Mulot, Bomet County. The software factory is part of the 19 flagship initiatives earmarked in the ten-year…
- A new study in Cancer Causes and Control could just burst the long-held belief. The study suggests a link between eating fish and skin cancer, particularly since the biggest known risk factor for melanoma is not dietary — it’s sun exposure.
- On retail buying in Kenya, market segmentation based on relationship status showed that 15% of those who buy baby products (food, formula and/or diapers) on a monthly basis are single, while only 11% of those surveyed are in relationships or engaged.
- The initiative is part of Carrefour Kenya’s agenda to increase the sustainability of its services and become net positive in carbon and water by 2040. The fleet will initially consist of female riders, promoting gender equality in the mobility industry.
- 15-year-old Bianca Wanjiku has extended her support for the children who are cancer patients at Kenyatta National Hospital. While donating ward beds and necessities to the children at Kenyatta National Hospital, the 15-year-old expressed her concerns and support for the children as she thanked the…
- Outgoing Safaricom board chairman Michael Joseph has come out to explaithe reasons for his unexpected exit as a director and chairman of the board. In a statement on Friday, July 29, 2022, Joseph said he wanted to focus on the new Safaricom venture in Ethiopia, and also Kenya Airways. “Today’s AGM…
- Headquartered in San Francisco, California, Umba is an African digital bank founded in 2018. It aims to displace traditional banks and promises lower fees, income-based lending, and full banking services accessible digitally.
- Pay Television Company StarTimes Media has launched a dedicated women’s sports channel for its Kenyan subscribers. The channel, to be known as W-Sport will exclusively broadcast women’s sports content with over 3,000 hours a year of original content including 1,000 hours of LIVE and short delay…
- Safaricom has appointed Mr John Ngumi as a director and Chairman of the Board with effect from August 1, 2022, subject to regulatory approval. Mr Ngumi takes over from Safaricom founder CEO Michael Joseph who has chaired the board since August 2020. John Ngumi is the immediate former Chairman of…
- “(KenGen) now invites proposals to provide the following consulting services to undertake a feasibility study for green hydrogen, ammonia and fertiliser production and its pilot plant at Olkaria, Naivasha – Kenya,” the firm disclosed in tender documents.
- At the African Originals factory in Baba Ndogo area in Nairobi, no distillation happens without his approval, as he commands every process that gives birth to at least four premium brands of GINs in the Kenyan market. At the age of 26, Ian Cheruiyot, is one of the youngest distillers in the country…
- e explore five interesting places tourists can enjoy in Kisumu which have been backed up by amazing flight and accommodation offers through a partnership between Jambojet and Magical Kenya
- Kenya Tourism Board (KTB) is relying on key International and local personalities to Market Kenya as a preferred and safe tourist destination. Speaking after hosting an American RnB star Anthony Hamilton to a morning game drive at the Nairobi National Park, KTB CEO Dr Betty Radier said the strategy…
- "Flutterwave is not licensed to operate as a remittance provider or payments service provider in Kenya. They are not licensed to operate and therefore, they should not be operating & I think Chipper Cash, we could also say the same," Njoroge stated, roping in another major fintech - Chipper…
- Technology sector players have launched a Digital Talent Program that is aimed at developing digital skills in the market by taking a sustainable approach to create a healthy digital talent pipeline. In its first year, the program, which is a partnership between organisations drawn from academia,…
- “There are reasonable grounds to believe that the suspect’s bank accounts were used as a conduit for money laundering in efforts to conceal, disguise the nature, source, disposition and movement of illicit funds and should be preserved,” ARA continued.
- Absa Bank Kenya has announced that it will invest more than Ksh2 billion this year in technological upgrades that significantly improve customers’ banking experiences. Part of this investment has gone toward the launch of an online account opening platform, which allows customers to in just a few…
- KCB Bank has revised the annual interest rates for its Savings Account rates in a move that seeks to attract and retain its customers currently enjoying the savings products offered by the bank. With effect from July 1, 2022, the KCB Goal Lock Savings Account will attract an annual return of 7.5%…
- Leaders from Uasin Gishu county infamously stormed the university's main campus in September 2016 opposing reported plans to appoint him as the substantive VC of Moi University.
- HFC has launched its premium banking solution Ultimate Banking, a differentiated and personalized service experience with an array of tailor-made banking solutions and services. The Bank noted that the enhanced proposition is targeting Affluent customers both in Kenya and Diaspora. “We’re excited…
- Customers can now directly import quality second-hand vehicles by accessing up to 80 per cent asset financing and 100 per cent import duty financing thanks to a partnership between Family Bank and World Navi. The partnership with friendly repayments terms of up to 48 months, will enable individuals…
- Nakuru City is the latest beneficiary of a new MultiChoice Kenya branch which will serve both DStv and GOtv customers within the region. The revamped branch located on the first floor of Masters Plaza on Kenyatta Avenue in Nakuru CBD will now offer customers a more comfortable and modern facility…
- “This is probably the last time you’ll see me addressing you as VC,” he told staff on July 12. Barely two days earlier, President Uhuru Kenyatta had vowed to deal 'swiftly and effectively' with public officials he accused of mismanaging public land - statements that were perceived as an attack on…