- In the current case, the Africa Merchant Assurance Company had asked the High Court to stop Mama Rael Memorial Foundation from demanding payment of the Ksh19 million or auctioning the assets pending the determination of an appeal.
- As of 2021, the global debt surpassed $300 trillion, a trend that could impact businesses and individuals’ finances. If you don’t want to get caught in a vicious borrowing cycle in 2022 and beyond, you should master essential tips and tricks to leverage your income. Read this quick guide to get…
- Spotika has announced their sponsorship pledge to AFC Leopards. The sponsorship shall cover the entire Kenyan Premier League season as the official title sponsor and shirt sponsor to a tune of Ksh60million. The deal with the Kenyan giants that is subject to completion of regulatory processes will…
- Kenyan media houses are once again spotlighting the political campaigns ahead of the 9th August general elections, with every day bringing its own news and drama. In their coverage, you can easily tell which political persuasion each media house is favouring.
- The development follows a previous announcement by the CS that signalled the impending replacement of all land titles registered under the previous laws, including; the Indian Transfer of Property Act of 1882, the Government Lands Act (Cap.280), the Registration of Titles Act (Cap.281), the Land…
- Ndeda left Radio Africa Group-owned Kíss FM in January 2021 after two years at the station. There, he hosted the evening drive show with Lynda Nyangweso.
- Experts from the INEOS Grenadiers Cycling Team will work alongside Kaptagat-based professionals in a bid to create a new generation of cycling superstars. The camp will be headed by Valentijn Trouw, who has over 30 years’ experience in identifying and nurturing long distance running talent in Kenya…
- Parties and other social events, that the biggest football tournament in the world is characterised by, would be absent at the 2022 FIFA World Cup in Qatar as the host country will enforce its ban on public drinking and casual sèx. See Also >> Hana Kuma Business Name Turns On Kenyans The…
- Most people will agree that Serah Ndanu has always been in a league of her own, from her Kalasha-winning role in Rugged Priest to her femme fatale role in Dorothy Ghettuba’s Swahili soap opera Sumu la Penzi. But perhaps her range on screen is most evident in her distinct portrayal of warring twin…
- The Kenya Bankers Association (KBA) membership has reelected NCBA Bank Managing Director and CEO John Gachora and Family Bank Chief Executive Officer Rebecca Mbithi as the advocacy group’s Chairman and Vice-Chair, respectively, for the period 2022 to 2023. During KBA’s Annual General Meeting,…
- Two journalists working for the Royal Media Services have been named as winners of the 2022 African Climate Change and Environmental Reporting (ACCER) Awards. Raquel Muigai and Agnes Oloo were announced joìnt winners for their Citizen TV production entry, “Dry D***h” which explored the impact of…
- Kenya Revenue Authority is licking its w****s after a failure of internal systems created a loophole for businesses to enrich themselves with tax revenues.
- SuperSport Win: The High Court of Kenya has affirmed a permanent injunction compelling internet service providers (ISPs) to block sports websites infringing on copyrighted material. The court had on 26th November 2021 issued a temporary order to the ISPs to block pirating websites but the directive…
- The 2022 World Rally Championship Safari Rally Kenya kicked off on Thursday, June 24, 2022, in what promises to be historic global showpiece. KCB Bank-sponsored drivers Evans Kavisi and Nikhil Sachania were among the drivers flagged off by President Uhuru Kenyatta to represent team Kenya in the…
- Florence Wairimu Muturi has been appointed the new Law Society of Kenya Chief Executive Officer, taking over from Mercy Wambua. Wambua left office in January 2022 along with former LSK President Nelson Havi. Ms Wairimu was picked from a list of ten applicants in what the LSK Council says was…
- Schneider Electric has launched a modern Mechatronic and Solar Energy Electrical Laboratory in partnership with St Kizito Vocational Training Institute. The initiative aims to provide students with top-tier technical educatįon, and the opportunity to have hands-on training and practice in real-life…
- The Kenya Tourism Board (KTB) has launched a domestic tourism marketing campaign aimed at boosting efforts to revitalize the tourism industry. Consequently, the Board has enlisted the partnership of the domestic travel trade to make the campaign impactful through conversation into sales of tour…
- “We believe our gin brands are a good addition to the Kenyan local alcohol scene. What is unique to Kenyan Originals & 5.8 versus other gin brands is that we are the first company to craft using local ingredients and distill locally for the Kenyan audience,” she says.
- PwC Africa has announced Brian Ngunjiri as one of the new partners in the firm. Brian is among 35 other new partners that have been admitted to the firm, effective July 1, 2022. This is the highest number of new PwC partners ever admitted across the continent, with 51% of them being female. “This…
- Married recently and want out? You can start processing your divorce papers today, thanks to a court ruling that has nullified a law that bars married couples from divorcing before the lapse of three years. The Coùrt of Appéal in Kenya upheld the nullification of the law, which sought to protect…
- Ericsson and Red Hat have expanded their collaboration for the validation of network functions and platforms to enable service providers to bring their next-generation services to market faster in a multi-vendor scenario. The companies say that service providers are uniquely positioned to serve up…
- Many things could have been done differently, better certainly. The coming months will allow us to reflect on Kune’s failure, and I hope to share about it when the time will be right," founder Robin Reecht shared in a Linkedin post confirming the closure.
- Fitch Ratings has affirmed KCB Group PLC‘s its core banking subsidiary KCB Bank Kenya Limited’s LongTerm Issuer Default Ratings (IDRs) at ‘B+’. The outlooks, according to Fitch, are negative. Fitch has withdrawn the Support Rating and Support Rating Floor of KCB Bank and KCB Group as they are no…
- More than 83% of Kenyan couples have indicated that being in a relationship has had a positive impact on their financial situation. This is according to a survey done by pension administrator Enwealth Financial Services dubbed, “The saving and investments behaviour among Kenyans”. Read >>…
- The Kenya Bankers Association - House Price Index (KBA- HPI), showed that house prices contracted by a higher rate of 3.99% during the quarter, compared with a contraction of 3.70% in the third quarter.
- "We have soft-launched the cities and we will be going as the product becomes more developed. We see the potential in these cities and are confident that they will grow and become very reliable for us,” he stated.
- Did you know that Micro-Small and Medium-sized Enterprises (MSMEs) make up over 90% of all firms and accounts, on average, for 70% of total employment and 50% of gross domestic product? In other words, MSMEs sustain development and economies globally. That is why, the United Nations (UN) General…
- Strong pent-up demand, the lifting of travel restrictions in most markets, low unemployment in most countries, and expanded personal savings are fueling a resurgence in demand that will see passenger numbers reach 83% of pre-p******c levels in 2022.
- Technology-driven agricultural start-up, ThriveAgric, has emerged as the winner of the Central Europe, Middle East, and Africa (CEMEA) Visa Everywhere Initiative (VEI), a global innovation program and competition for start-ups and fintech companies. See >> First Kenyan To Bank a Billion Rose…
- National carrier Kenya Airways(KQ) is set to buy 40 flying taxis from two Brazilian firms in a diversification move through its new subsidiary Fahari Aviation. Each taxi is estimated to cost at least Ksh327 million. KQ has already signed a letter of intent (LOI) with EVE UAM, LLC, a subsidiary of…
- Co-operative Bank is tapping the growing financial trove presented by Kenyans working abroad through its diaspora banking services. The Diaspora Banking platform helps customers operate bank accounts seamlessly and anywhere through its internet banking platform. The diaspora account is also…
- Japanese tennis superstar Naomi Osaka launched her own media company as she diversifies from the court to Hollywood. The company, whose name Hana Kuma has hormones raging in Kenya, will work in partnership with The SpringHill Company, a media conglomerate created by Lebron James, the American…
- VFS Global has announced that application volumes for outbound travels from Kenya between January to April 2022 have neared the total application count for the year 2021. The world’s largest visa outsourcing and technology service also revealed that applications for the period between January to…
- Mwangi disclosed that the plan was developed in consultation with leading experts from various public and private sector bodies, including the International Finance Corporation (IFC) and the East African Community (EAC).
- The new restriction means that a Kenyan travelling to North America or elsewhere with a connecting flight through Amsterdam or Paris, for instance, will have to apply for a Transit Schengen visa before leaving Kenya.
- Kenyan insurtech and digital insurance platform mTek has secured an investment commitment from African-focused fintech platform, Finclusion Group, totalling $3 million (Ksh340 million) – through both debt and equity. This comes on the heels of a recent $1.50 million (Ksh170 million) investment…
- As global economies rebound from the COVID-19 shock, things are looking up for African startup founders, an April 2022 report by African Private Equity and Venture Capital Association shows. A record-breaking USD5.2 billion was raised in 2021 by African firms – a majority going to tech-backed…
- The patriarch of one of Kenya’s wealthiest families joined the civil service in 1965 after being appointed an economic advisor. He would then serve as permanent secretary in various ministries including Agriculture, Finance and Economic Planning.
- Independent Power Producers (IPPs) are urging electrical sector players to use battery energy storage systems as one of the approaches to assure Kenya’s electricity supply stability. Tapping into intermittent sources of renewable energy sources such as solar and wind energy, Electricity Sector…
- On 13th March 2007, Business Daily was launched. On its first day on the newsstands, despite heavy promotion, it sold just 300 copies. “People didn’t want to look me in the face,” says Wachira, who was managing editor and face of the new paper.
- Telkom has launched the Changa Bundle to enable Kenyans share data, minutes, voice and SMSs. Telkom prepaid customers now have the opportunity to acquire 100 GB of data, 200 on-net minutes, 50 off-net minutes, and 200 SMSs for Ksh1500. This Changa Bundle can be shared with three to five friends and…
- Keroche Breweries Limited has announced the retrenchment of over 400 workers following the closure of its Naivasha-based brewery over tax disputes with the Kenya Revenu Authority (KRA). In a statement on Monday, Keroche founder and CEO Tabitha Karanja said that the company is also staring at a loss…
- Matatus aren't the only one passing on the cost to consumers. Cab-hailing services including Uber also announced that they would increase fares in response to the higher fuel prices.
- Mercy Kyallo, the sister to former TV queen Betty Kyallo, has touched off heated debate after revealing some personal details about her life which, while not unusual, appear to have shocked a section of Kenyans.
- Now, for the first time ever, Betty Kyallo sisters are opening up all aspects of their lives in their new reality series Kyallo Kulture, now streaming on Showmax.
- Kenya is among the top three countries in Africa to which WorldRemit users globally send money. In data shared with newsrooms globally on 17th June to mark International Day of Family Remittances, the London-based global payments company noted it had processed transactions to Kenya worth 170…
- Bettìng Firm Mozzart Bet has signed a one-year deal with Kenya Volleyball Federation (KVF) that will see the company sponsor the National Women’s volleyball team, Malkia Strikers. Mozzart Bet will now be the title sponsors of Malkia Strikers until June 2023. The Ksh10 million sponsorship package…
- Safaricom on 16th June announced the return of Nyakua 100% Data Bonus campaign which was unveiled earlier this year for customers to enjoy 100% bonus data upon attaining their daily data targets. The campaign, which builds on the success of the first Nyakua Data Bonus campaign introduced in…