- 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…
- Support for athletes switching allegiance to these countries may also include opportunities for education and employment in addition to bonuses, performance-based rewards and immigration privileges.
- President Uhuru Kenyatta has commissioned KenGen’s Olkaria I Additional Unit (AU) 6 Geothermal Power Plant, injecting an additional 86MW into the national grid further advancing Kenya’s green energy leadership. The power plant, whose groundbreaking event was graced by President Kenyatta in 2018,…
- The company, East Africa's most profitable, is looking to set up a holding company. Subsidiaries under it would operate the company's various businesses - including mobile money, connectivity and its Ethiopia venture.
- CFAO Motors has announced the appointment of Joshua Anya as its first Deputy Managing Director. Mr Anya has served in various capacities in his 13 years with the company, most recently serving as the Chief Operating Officer from July 2019 until his promotion. “I am honoured to be a part of the…
- The product helps companies organise their workforce and manage their people through the administration of shifts, allowing employees to clock in and out, track absenteeism, employee overtime hours and eliminate buddy-punching, among others.
- Business can be draining and often stressful. After weeks and months in boardrooms and crunching numbers, or the hustle grind, you certainly need some time off to unwind and re-energize. Or maybe the burnout alarms are already sounding and you need some reawakening. This is the time create your own…
- WorldRemit has released the results of a survey it conducted in July to understand the impact of the global rise in the cost of living on remittances sent back home by migrants living and working in the US, the UK, and Australia. WorldRemit, which serves more than 5 million customers across 130…
- Foreign exchange trading is increasingly gaining popularity among those wanting to build their wealth. After all, forex trading can be exciting and can be done from the comfort of your home. But not everyone that gets into forex trading has what it takes to become successful at it. There are…
- Although some inequalities remain in the Zambian financial system, there is continuous development and improvements to its economic status. The country, therefore, continues to be one of the emerging markets in Africa, which includes greater stability with the foreign exchange or forex market. How…
- The KEMSA board of directors was replaced in the wake of the scandal, in April 2021. In May 2022, former board member Terry Kiunge Ramadhani was named as the new Chief Executive Officer.
- "A thorough multi-agency investigation into the crash and an evaluation of the operator's safety operational standards is currently underway. We condole with the families of those who lost their loved ones in this tragic crash and wish quick recovery to those undergoing treatment," NTSA stated.
- Airtel Kenya Networks Limited (Airtel Kenya), has purchased 60 MHz of additional spectrum in the 2600 MHz band from the Communications Authority of Kenya, for a gross consideration of $40 million (Ksh4.7 billion). The licence is valid from July 2022 for a period of 15 years. “This additional…
- Equity Bank Kenya has signed a partnership with NALA Payments Ltd, a remittance payment processing platform licensed in the UK and United States, to facilitate diaspora remittances to Kenya. This partnership will allow Kenyans living in the United Kingdom and United States send money directly from…
- “Under this project, each of the selected households will receive a 6kg LPG cylinder filled with LPG complete with accessories (a grill and a burner) at a discounted price of Sh2,100 contrary to the prevailing market price of Sh5,100,” Nock noted in a statement.
- The National Oil Corporation of Kenya has commissioned and handed over key community sustainability projects in Block 14T (Magadi Sub-basin) where the Corporation has been undertaking oil exploration activities within the southern part of Block 14T that stretches from Kajiado, Narok all the way…
- With the ratification of the Africa Continental Free Trade Area (ACFTA), new opportunities in technology start-ups and e-businesses are expected to grow the combined GDP to over $600 billion.
- The Betting Control and Licensing Board (BCLB) has cleared 11 betting companies to get licenses for the financial year 2022/2023. In a letter to the Communications Authority of Kenya CEO Ezra Chiloba dated July 4, BCLB chairman Cyrus Maina said that the companies had been scrutinized and were…
- With Magical Kenya deals, the Kenyan Coast guarantees you once-in-a-lifetime experiences, rich with cultural heritage and natural attractions, tied together with warm and friendly locals. Here we sample areas that can give your family an unforgettable experiences.
- Stivo Simple Boy has disclosed the highest amount of money he has received for a performance or a gig. Speaking during an interview, Stivo Simple Boy revealed that he was paid half a million (Ksh500,000) by Odibets, one of the leading betting firms in Kenya. The musician added that he used the…
- Fanaka Real Estate, a certified and award-winning real estate agency, will launch its independent philanthropic organization on Friday, 29thJuly at its main offices at Ruiru North Park Premier Hub. The Fanaka Wema Foundation is a milestone for the real estate company that was founded in 2016 and…
- Working on behalf of the International Justice Mission (IJM), an international NGO that helps the vulnerable get justice, Kimani was representing his client Mwenda in a case against an officer.
- Jomo Kenyatta University of Agriculture and Technology (JKUAT) has announced that it has collaborated with Red Hat to create the Jomo Kenyatta University of Agriculture and Technology Red Hat Academy. Red Hat Academy is an open source, web-deployed and web-managed education program that is designed…
- The school runs its own farm and produces much of its own food. Students are taught how to grow cereals and vegetables, and raise poultry, pigs and cows.
- Once one of Kenya's largest chains, Tuskys is a pale shadow of itself, struggling under the weight of Ksh19.6 Billion in debt owed to suppliers and banks.
- Safaricom CEO Peter Ndegwa has admitted that the giant telco is experiencing a slowed growth, two years since he took over. In an interview with a local daily, Ndegwa said that Safaricom core business, which entails voice calls, was slowing down, leaving hope for expansion on home internet. “Growth…
- Speaking ahead of the showcase, StarTimes Regional Marketing Director Mr. Aldrine Nsubuga said, “We are proud as a broadcaster to bring the continent’s most prestigious football award ceremony at the comfort of our subscriber’s homes. It’s every player’s dream to stand out either individually, club…
- The subsidy program includes provisions for market surveillance officers to monitor retail prices of maize flour and stiff penalties for non-compliant retailers.
- Inchcape Kenya has introduced the new Range Rover L460 into the Kenyan automotive market, adding to the significant array of luxury SUV’s the company offers under its Jaguar Land Rover franchise. Dubbed as ‘the most desirable SUV’, the vehicle is the first of the L460 model and will be available in…
- Rostam was in 2013 named by Forbes as Tanzania's first dollar billionaire. He has made his fortune in industries including telecommunications, mining, liquefied petroleum gas (LPG) and real estate.
- In Africa, just like the rest of the world, reality TV has become one of the most popular genres of television, especially with the proliferation of African reality shows. Showmax has established itself as the undisputed home of African reality TV streaming. Here are the top five African reality…
- Airtel Kenya has announced the separation and transfer of the Airtel Money business from Airtel Networks Kenya Limited to Airtel Money Kenya Limited, a new company that will handle the venture. In a statement, Airtel Kenya said that Airtel Money Kenya Limited will take over the provision of Airtel…
- Sidian Bank, an SME focused lender, has partnered with Isuzu East Africa to provide 95% financing on new school buses and 90% financing on new commercial vehicles. The programme dubbed “Chomoka na Uomoke” supports the lender’s vision of supporting entrepreneurs to “own tomorrow”. The bank has…
- Stanbic Bank Kenya has released its 2021 Report to Society providing a summary of the Banks’ Social, Economic and Environmental (SEE) impact in Kenya and South Sudan. The report shows how Stanbic Bank is driving impact by providing meaningful support to communities and the planet. This year’s…
- Fuel prices in Kenya are set to hit a new high of Ksh200 per litre following a condition by the International Monetary Fund (IMF) that required the government to scrap the fuel subsidy programme. The government uses at least Ksh7.65 billion monthly to subsidise diesel, super and kerosene, whose…
- The court ordered Keroche to, within seven days, pay KRA Ksh8 million as first instalment of tax arrears and thereafter pay a similar amount on the 30th day after such payment until the hearing date.
- Kenya emerged as Second Best Foreign Exhibitor at the just concluded 46th Dar es Salaam International Trade Fair which took place from June 28 to July 13, 2022, in Dar es Salaam, Tanzania. The Awards were conducted by Tanzania Trade Development Authority. The 46th DITF’s theme was ‘…
- KCB customers will now be able to access flexible financing options in a deal with Deluxe Trucks & Buses East Africa Ltd. The partnership announced today, will see customers enjoy up to 95% funding with an extended repayment period of 72 months as well as a comfortable 60-day payment holiday.…
- Tech solution firm Vaspro has today shown appreciation to tennis sensation Angela Okutoyi after she made history by becoming the first Kenyan woman to reach a Wimbledon final. The event, which was held at the Vaspro offices in Nairobi, saw the tech company acknowledge the tennis star’s efforts in…
- While they went back and forth, Gachagua reiterated allegations of state capture against the current administration led by Kenyatta. At one point, he zeroed in on a deal involving NCBA Bank - citing a gazette notice.
- An emotive and thrilling new telenovela about a young woman caught between preserving ancient tradition and forging her own path is set to premiere on Maisha Magic Plus, DStv 163 and GOtv Channel 8 beginning today and every weeknight at 7.30pm EAT with a double bill set to air on Wednesday 20 July…
- AfricInvest, a multi-asset investment platform in Africa and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest Innovation Fund [CAIF], at €110M (Ksh13.3 billion). The fund is backed by LPs such as EIB,…
- There are currently 66 companies listed on the Nairobi Securities Exchange in the capital, Nairobi. That makes it one of the largest on the continent.
- In an encouraging sign for stability in East Africa, Congolese President Félix Tshisekedi recently met his Rwandan counterpart Paul Kagame in the Angolan capital of Luanda, agreeing to begin a de-escalation process. The encounter was the pair’s first face-to-face meeting in several months and came…