16 Oct 2021 - NAIROBI, Kenya, October 14 – East African Breweries Ltd (EABL) Group MD and CEO, Jane Karuku, has been enlisted in The Africa.com Definitive List of Women CEOs, unveiled during The Definitive List Summit held on 13th October 2021. She is part of the 50 African women who qualified from an initial…

15 Oct 2021 - NAIROBI, Kenya Oct 15 –Industrialisation Principal Secretary Kirimi Kaberia has urged manufacturers to always have standardization quality marks on their products. Kaberia, who officiated a ceremony to mark the World Standards Day in Nairobi, said standards are key in enhancing sustainable…

15 Oct 2021 - NAIROBI, Kenya, October 15 – Kirinyaga farmers are set to benefit from a Shs 9.16 million payment as compensation for losses incurred during the March, April and May seasons due to erratic rainfalls, locusts invasion, and drought. The disbursement which will benefit 833 insured farmers was made…

15 Oct 2021 - NAIROBI, Kenya, October 15 – OLA Energy Kenya has commissioned a new Ksh40 million state-of-the-art Liquefied Petroleum Gas (LPG) plant in Nairobi that enables the company to double their capacity and meet the growing domestic demand for cooking gas in the country. Speaking at the commissioning,…

15 Oct 2021 - NAIROBI, Kenya  October 15, 2021 – Fintech startup, Tala Friday announced a USD 145 billion ( Shs 16.1 Billion) Series E fundraise raising the technology firm’s total funding to more than USD 350 million( Shs 38.8 Billion). In a statement, the firm said the funds will among others, be used to…

15 Oct 2021 - NAIROBI, Kenya Octobber  14 – Kenya has been ranked as the market leader in the Direct Selling Industry in the region latest data from QNET confirms. According to the data, Kenya surpassed Tanzania to lead the East African nations, owing to an increase in smartphone use in the country that has the…

14 Oct 2021 - NAIROBI, Kenya Oct 14 – The Central Bank of Kenya (CBK) has launched a book that contains the bank’s 50 years of experience in the banking sector to provide a framework for all other banks. The book titled “50 Years of Central Banking in Kenya” regional and global perspectives’ was the culmination…

14 Oct 2021 - NAIROBI, Kenya, Oct 14 – Fuel prices went down slightly in the latest review by the Energy and Petroleum Regulatory Authority (EPRA) released Thursday after a month of public outcry over consistent increase. In the latest review, EPRA adjusted the fuel prices until mid next month by an average of…

14 Oct 2021 - NAIROBI, Kenya, October 14 – The Kenya Revenue Authority (KRA) officers have intercepted 1,915 cartons (38,200 bottles) of Star Vodka affixed with counterfeit excise stamps worth KShs. 3,447,550 in taxes. The consignment was intercepted on Saturday, 2nd October 2021 along the Eastern Bypass Nairobi…

14 Oct 2021 - Nairobi, Kenya, October 13 – East African Breweries Limited (EABL) partnered with over 150 Influencers who took a pledge to uphold the Influencers Guiding Principles (IGPs)The IGPs that was developed by the International Alliance for Responsible Drinking (IARD), comprise of five safeguards that…

13 Oct 2021 - Beirut, Lebanon, October 13 –Lebanon was plunged into a total blackout Saturday after two main power stations went offline because they ran out of fuel, the state electricity corporation said. The Mediterranean country is battling one of the planet’s worst economic crises since the 1850s, and has…

13 Oct 2021 - Paris, France, October 13 – A “human error” took down the servers of one of Europe’s biggest cloud computing groups on Wednesday, causing thousands of websites to crash for more than an hour, the company said. OVHcloud, a French tech success story that is set to launch an initial public offering on…

13 Oct 2021 - Washington, United States, October 13 – After debt loads surged last year amid the pandemic, governments now must take care to “calibrate” spending, the IMF said Wednesday. Global debt in 2020, including public and private borrowing, “jumped by 14 percent to a record high $226 trillion,” according…

13 Oct 2021 - NAIROBI, Kenya, October 13 –  American multinational corporation, Boeing has launched food security and water project in Murang’a which is aimed at bolstering food security for farmers in the area. The Maragua ridge food security and water project, which is done in partnership with  Bethel…

13 Oct 2021 - Nairobi, Kenya, October 13 – RUBiS Energy Kenya has launched Brioche, a restaurant franchise as part of its retail and marketing strategy to provide world-class quality products, and convenience to motorists on the go, saving time and money. Brioche is currently in five RUBiS branded stations (…

13 Oct 2021 - NAIROBI, Kenya, October 13 – The National Treasury Wednesday launched two-day public hearings for the financial year  2022/23 budget and medium-term Budget Sector Proposals (BPS). The budget preparation exercise for the next financial year comes earlier than usual so that it is passed before the…

13 Oct 2021 - London, United Kingdom, October 13 – Britain’s economy rebounded in August after the lifting of coronavirus restrictions, but unexpectedly shrank the previous month, official data showed Wednesday. Gross domestic product grew 0.4 percent in August, the first full month since the lifting of Covid…

13 Oct 2021 - NAIROBI, Kenya, Oct 11- Swedish International Development Cooperation Agency (SIDA)  through its support to Pangea Trust is set to host a Validation Workshop event that will further deepen discussions on how best to unlock and explore diaspora remittances. The virtual event comes at the back of a…

13 Oct 2021 - Nairobi, Kenya, October 13 – Lake Turkana Wind Power (LTWP) General Manager Phylip Leferink has been named the Chief Executive officer replacing David Munene who served in an acting capacity since July. Munene took over following the exit of Jon Zaidi. Chairman of the Board, Mugo Kibati, in a…

12 Oct 2021 - Nairobi, Kenya October 12 – Kenya Breweries Limited has unveiled a Diageo Bar Academy whose aim is to scale up bartenders capability to offer quality service to alcoholic beverage consumers as the economy reopens. The Academy intends to train 10,000 bartenders in the country over the next eight…

23 Aug 2021 - NAIROBI, Kenya, Aug 23 – The Kenya Tea Development Agency (Holdings) Limited Board has approved an increase in monthly green leaf payments for farmers in KTDA regions five, six, and seven by 11 percent and 17 percent respectively in a move aimed at enhancing farmers’ monthly earnings.  Through the…

23 Aug 2021 - NAIROBI, Kenya, Aug 23 – Over one million customers on Kenya’s super app, Little, has something to smile about. This follows a deal between Little and oil marketer, Ola, to allow customers to use a convenient payment service called Little Pay, a payment service within the Little SuperApp platform,…

23 Aug 2021 - NAIROBI, Kenya, Aug 23- Kenya’s travel sector has witnessed a slight improvemet in both outbound and inbound search demand and booking volumes for 2021 YTD vs. the same period in 2020. This is according to a new report by the Kenya Association of Travel Agents (KATA) and Amadeus East Africa. …

23 Aug 2021 - NAIROBI, Kenya, Aug 23- Kenyans abroad sent home Sh39 billion in the month of July, a new data by the Central Bank of Kenya reveals. CBK in its weekly bulletin stated that the monthly remittances represent a 21.6 percent in the dollar inflows from Sh30.4 billion in the same period last year.…

23 Aug 2021 - HONG KONG, China, Aug 23 – Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The unit climbed around two percent to $50,249.15, its highest since mid-May, when it began tumbling on a range of issues…

23 Aug 2021 - NAIROBI, Kenya, Aug 23 – The total number of visitors arriving through Jomo Kenyatta (JKIA) and Moi International Airports (MIA) increased from 33,888 persons in May 2021 to 48,532 persons in June 2021. This is according to the latest data by the Kenya National Bureau of Statistics which also…

23 Aug 2021 - NAIROBI, Kenya, Aug 22 – Kenya Bureau of Statistics has been castigated for banning the sale of 27 flour brands on grounds that they were non-compliant with their standards. In a statement, the Cereal Millers Association said Sunday that the bureau should have followed due process, by first…

22 Aug 2021 - PARIS, France, Aug 22 – The Taliban now hold the keys to an untouched trillion-dollar trove of minerals including some that could power the world’s transition to renewable energies, but Afghanistan has long struggled to tap its vast deposits. The Taliban are already in a financial bind since they…

22 Aug 2021 - PARIS, France, Aug 22 – From the sophisticated to downright strange, the pandemic has set off a wave of scams around the world from bogus doses and fake vaccine passes to criminal cremations. Here are 10 of the most outrageous and nefarious frauds of the last few months: – ‘Vaccination is optional…

22 Aug 2021 - NAIROBI, Kenya, Aug 22- The lockdown occasioned by the coronavirus pandemic saw new e-commerce users rise by 5 percent in Sub-Saharan Africa in 2020, when compared to the active base the previous year.   This is according to a report by VISA which attributes this to a preference for e-commerce, to…

21 Aug 2021 - NAIROBI, Kenya, Aug 21–Asking prices for property remained stagnant at a negligible 0.1 percent drop for the second quarter of 2021, a new data reveals. The data by Hass consult shows that this led to the property market witnessing a static sales price-performance, driven by the oversupplied…

21 Aug 2021 - NAIROBI, Kenya, Aug 21–Kenya Airways has announced the implementation of contactless transactions to enhance customer and staff health and safety priorities in the wake of the COVID-19 pandemic. The airline in a statement said the services will be implemented beginning September 1, 2021. As such,…

21 Aug 2021 - LONDON, United Kingdom, Aug 21 – Much-delayed James Bond movie “No Time To Die” will finally get its world premiere in London next month, the makers of the franchise announced on Friday. “The World Premiere for #NoTimeToDie will take place on Tuesday 28 September 2021 at London’s @RoyalAlbertHall…

20 Aug 2021 - NAIROBI, Kenya, Aug 20-Kenya Electricity Generating Company PLC (KenGen) has surpassed a crucial stage in the ongoing USD 6.2 million geothermal drilling contract in Ethiopia further giving impetus to its corporate diversification strategy. The team of KenGen engineers have so far crossed the 450…

20 Aug 2021 - NAIROBI, Kenya, Aug 20- United Bank of Africa Kenya has appointed Chike Isiuwe as the new Chief Executive Officer and the Managing Director of the Bank. He replaces Kehinde Omirinde who was leading the bank in an acting capacity. Isiuwe was the immediate Deputy General Manager Corporate Banking…

20 Aug 2021 - NAIROBI, Kenya, Aug 20- Ngong town has continued to register a rise its land prices with the latest data showing a growth of 18.1 percent. The average value per acre currently stands at Sh25.4 million. Data by Hass Consult on Land Index for the second quarter of 2021 shows that this was the highest…

19 Aug 2021 - NAIROBI, Kenya, Aug 19-E-commerce and payment gateway Pesapal Limited has received accreditation as a Payment Service Provider in Kenya and an Application Service License for Tanzania. The two milestones will enable consumers and businesses in the two East African economies to make and receive…

19 Aug 2021 - NAIROBI, Kenya, Aug 19-UAP Old Mutual Group has announced the launch of an enhanced insurance solution that will provide medical insurance cover for individuals between the ages of 65 years and 80 years. Once an individual is enrolled, they will be covered for life. The enhanced solution, dubbed…

19 Aug 2021 - NAIROBI, Kenya, Aug 19- Kenya Commercial Bank has announced a profit rise in its half year earnings by 102 percent to stand at Sh15.3 billion, from Sh7.6bn it recorded in a similar period last year. The group through a statement attributed the rise in performance to improved economic activity,…

18 Aug 2021 - NAIROBI, Kenya, Aug 18 – The National Housing Corporation has announced plans to build 2,000 affordable housing units in various parts of Kiambu County, in addition to also signing a land lease agreement with Konza City that will see the firm develop 5,000 units beginning November 2021. The first…

18 Aug 2021 - NAIROBI, Kenya, Aug 18 -Co-operative Bank of Kenya has announced its first half of the year results, registering a 1.8 percent year on year rise in its Earnings Per Share to Sh1.25.  The earnings include numbers from its newest subsidiary, Kingdom Bank (formerly Jamii Bora Bank) which it acquired…

18 Aug 2021 - NAIROBI, Kenya, Aug 18 – Sanlam Kenya PLC has posted a Sh291.8 million loss in the first half of the year, up from a Sh99.1 million loss posted in the same period last year.  The listed non-bank financial services firm has attributed the loss to one-off forex losses, as well as it stance towards…

18 Aug 2021 - NAIROBI, Kenya Aug 18 – Listed non-bank financial services firm Sanlam Kenya PLC has announced that it has restructured its foreign currency-denominated loan into a local currency facility. The disclosure made alongside its half-year trading results release is a bold move geared at preserving…

18 Aug 2021 - NAIROBI, Kenya, Aug 18- A new report by cyber security consulting firm Serianu states that most Saccos in Kenya are struggling to comply with the requirements of the data protection act and manage the information they obtain from members and customers. For the third year running, Serianu released…

18 Aug 2021 - NAIROBI, Kenya, Aug 18 – Kenyan fintech startup Kwara has been selected for the Mastercard Start Path program. Mastercard announced that Kwara is one of the 11 global startups selected to join the award-winning Start Path Program. The program is a springboard to help the best and brightest startups…

18 Aug 2021 - NAIROBI, Kenya, Aug 14-Telkom Kenya, one of the country’s telecommunications service providers says it is pursuing its own journey to better its products for consumer use. Capital Business spoke to the company’s Chief Executive Officer Mugo Kibati on the various steps the company is taking to…

17 Aug 2021 - DOHA, Qatar, Aug 17 – A Kenyan security guard charged by Qatar with receiving money from a “foreign agent” to spread disinformation has left the Gulf state after paying a fine, a rights group said Tuesday. Malcolm Bidali, under his pen name Noah, published articles on the plight of migrant…

17 Aug 2021 - LONDON, United Kingdom, Aug 17 – Britain’s unemployment rate dipped in the second quarter on reopening of the economy that has resulted in record-high vacancies, official data showed Tuesday. While the number of payroll employees has surged, it remains below the pre-pandemic total, the Office for…

17 Aug 2021 - NAIROBI, Kenya, Aug 17 – Equity Group says its net profit has almost doubled in the first half of this year, helped by a defensive and offensive strategy, as well as a drop in bad loan provisions that soared last year owing to the effects of the COVID-19 pandemic. The Group’s CEO and MD Dr. […]

24 Jul 2021 - NAIROBI, Kenya, Jul 24 – President Uhuru Kenyatta Friday at State House, Mombasa, held talks with the visiting Foreign Affairs Minister of the Republic of Ireland Simon Coveney. The President and his visitor discussed a wide array of bilateral and multilateral subjects of mutual interest to Kenya…

24 Jul 2021 - WASHINGTON, United States, Jul 24 – The US government will hit the federal borrowing limit on August 1, forcing officials to take “extraordinary measures” until lawmakers increase the level, Treasury Secretary Janet Yellen said Friday. Congress suspended the debt limit in 2019 but that exemption…

23 Jul 2021 - NAIROBI, Kenya, Jul 23 – Terragon Group has announced the appointment of Shanna Mahihu-Nyambok as the new Director, East Africa Region. She will lead the company’s East African operations,with responsibility for business operations in Kenya, Uganda, Tanzania, and Rwanda. Mahihu-Nyambok, who is a…

23 Jul 2021 - NAIROBI, Kenya, Jul 23 – CarePay Kenya, which operates the M-TIBA platform, says it has seen accelerated demand of its digital healthcare solutions since the onset of the pandemic.  Capital Business spoke to the company’s Managing Director Moses Kuria on a variety of issues among them accelerated…

23 Jul 2021 - NAIROBI, Kenya, Jul 23 – Kenya’s construction sector is expected to recover this year on the back of the government’s continued implementation of investor-friendly reforms as well as large-scale infrastructure projects aimed at boosting regional integration and economic diversification. This is…