- NAIROBI, Kenya, Oct 4 – Payment solutions provider, Pesapal, has upgraded its Application Programming Interface (API) providing enhanced security features as well as an improved user experience for merchants and consumers. As part of the API upgrade to Pesapal 3.0, the payment provider has adopted…
- NAIROBI, Kenya, Oct 4 – Pension fund administrator Zamara Group has unveiled an online portal that will allow customers to buy insurance policies and investment plans. Dubbed e-Zamara, the portal will allow clients to buy policies such as motor insurance, retirement plans, domestic packages, travel…
- NAIROBI, Kenya, Oct 3 – Kenya has been re-elected to the Council of the International Telecommunication Union (ITU), the United Nations specialized agency for Information and Communication Technologies (ICTs). According to the Communications Authority of Kenya’s (CA) Director General Ezra Chiloba,…
- NAIROBI, Kenya, Oct 4 – The National Transport and Safety Authority (NTSA) has given all digital taxi hailing firms 14 days to apply for licenses as Transport Network Companies. This follows the gazettement of the Transportation Network Companies(TNC), drivers and passengers Rules 2022 on June 20.…
- San Francisco, United States, Oct 4 – Twitter on Monday said a feature to edit tweets is being rolled out to those subscribing to its Blue service in Australia, Canada, and New Zealand. The long-awaited editing tool test “went well,” so it is being made more widely available, the San Francisco-…
- NAIROBI, Kenya, Oct 4 – The government has lifted the ban on Genetically Modified Crops following a Cabinet meeting chaired by President William Ruto. Consequently, the Cabinet approved the cultivation and importation of White GMO maize. “Cabinet considered a broad array of proposals touching on…
- NAIROBI, Kenya, Oct 3 – The Kenya Revenue Authority (KRA) says only petroleum products will be exempted from the increase in excise tax due to the implementation of the inflation adjustment. Speaking during the launch of the 2022 Taxpayers’ month, KRA Commissioner General Githii Mburu noted that…
- NAIROBI, Kenya, Oct 3 – SBM Bank Kenya has inked a risk-sharing agreement with the African Guarantee Fund (AGF) that will see them avail Sh1.2billion to women-led businesses and climate-focused Micro Small, and Medium Enterprises (MSMEs) in the country. The fund seeks to mitigate the challenge of…
- NAIROBI, Kenya, Oct 3 – The Organization of Online Drivers has scheduled a peaceful demonstration tomorrow, October 4, with an aim to air their grievances about an increased commission by the online taxi apps contrary to the regulations of Kenya’s National Transport and Safety Authority. In a…
- NAIROBI, Kenya, Oct 1 – The Central Bank of Kenya (CBK) Governor Patrick Njoroge has lauded President Ruto’s directive to the Treasury and ministries to save some Sh300billion to help reduce the country’s debt burden and the overdependence on borrowing. Speaking during the post- Monetary Policy…
- NAIROBI, Kenya, Oct 1 – The Central Bank of Kenya (CBK) has transferred to the Government Consolidated Fund Sh4 billion as distribution from CBK’s General Reserve Fund (GRF) as at end FY2021/22, in a bid to increase its capital buffers. Concurrently, this transfer saw CBK increase its paid-up…
- Colombo, Sri Lanka, Oct 1 – Sri Lanka’s inflation rate hit nearly 70 percent in September for a 12th consecutive monthly record, official data showed Friday after a year of shortages, price hikes and economic misery. An unprecedented downturn forced the government to default on its $51 billion…
- NAIROBI, Kenya, Oct 1 – Kenya has ranked 78th in the world and 5th in Africa regarding digital well-being, according to the fourth annual edition of the Digital Quality of Life Index (DQL) report. The 78th rank is an improvement by one rank from the 79th position that the country was ranked in 2021…
- NAIROBI, Kenya, Sep 30 – Kenya’s inflation accelerated to a record high in September amid a continued increase in the cost of food, fuel, and housing. Monthly inflation data by the Kenya National Bureau of Statistics (KNBS) shows the country’s overall rate of inflation in September stood at 9.2 per…
- NAIROBI, Kenya, Sep 30 – The Kenya Revenue Authority (KRA) is set to launch its web-based television station dubbed ‘KRA TV” on Monday. The station seeks to enhance tax literacy in the country through the dissemination of simplified tax and customs content. It also aims to enhance voluntary tax…
- Nairobi, Kenya, Sept 30-Metropol, a credit management company now says six million Kenyans are currently blacklisted at the Credit Reference Bureau for failing to pay their loans. According to Metropol Corporation Managing Director Sammy Omukoko, 19 million Kenyans are currently in their system.…
- In Africa, one of the biggest data generators are telecommunications company as they connect a lot of Africans from different areas of the continent and even globally.
- NAIROBI, Kenya, Sep 30 – Ecobank Kenya has launched a flagship program that aims to empower and support women-led businesses. Dubbed ‘Ellevate’, the program is designed for businesses owned by women, businesses managed by women, businesses with a high percentage of female board members or employees…
- NAIROBI, Kenya, Sep 30 – Kenya Trade Network Agency(KenTrade) has embarked on a sensitization programme targeting insurance companies aiming at onboarding them in the Trade Facilitation Program(TFP) in a bid to enhance efficiency in maritime trade. The Trade Facilitation Platform, an upgrade from…
- NAIROBI, Kenya, Sep 30 – President William Ruto says the country’s total collection of Sh2.1 trillion is only enough to pay taxes and salaries, and thus there is a need for rooting for measures to slow the deficit hence reducing borrowing. Speaking during the opening of the 13th parliament, Ruto…
- NAIROBI, Kenya, Sep 30 – President William Ruto has directed Treasury to work with the various ministries to raise Sh300 billion in a bid to reduce the country’s debt. President Ruto was speaking during his maiden speech to the joint sitting of the bicameral house at the National Assembly where he…
- NAIROBI, Kenya, Sep 29 – The Central Bank of Kenya(CBK) has raised the base lending rate from 7.5 per cent to 8.25 per cent citing sustained inflationary pressures amid elevated global risks. The apex bank noted that it decided to raise the rate to anchor runaway inflation in the economy. The…
- NAIROBI, Kenya, Sep 29 — President William Ruto has reaffirmed his government’s resolve to re-engineer the country’s saving scheme to bridge the investment-savings deficit. Ruto said that the current social security infrastructure in the country including the National Social Security Fund (NSSF)…
- NAIROBI, Kenya, Sep 29 — President William Ruto has proposed renaming the Kenya Revenue Authority (KRA) to the Kenya Revenue Service (KRS) to make the taxman people friendly. President Ruto said Thursday during the official opening of the 13th Parliament that the move will help transform the agency…
- NAIROBI, Kenya, Sep 29 – Cyberattacks in the Kenyan financial sector continued to grow significantly in the second quarter of 2022 as scammers increasingly become corporate-oriented, shifting from other sectors, a new report shows. According to Kaspersky’s Financial Cyberthreats Q2 report,…
- London, United Kingdom, Sep 29 – Nearly 400 staff at BBC World Service will lose their jobs as part of a cost-cutting programme and move to digital platforms, the broadcaster announced on Thursday. The BBC said its international services needed to make savings of £28.5 million ($31 million) as part…
- NAIROBI, Kenya, Sep 29 – Retail traders in the country have a great potential to crack financing for Environmental, Social and Governance (ESG) objectives and priorities if some hindrances are resolved, a report by Standard Chartered indicates. The Sustainable Banking Report 2022 themed ‘Mobilizing…
- NAIROBI, Kenya, Sept 29- 3000 youth are set to benefit from an internship and job placement program through a partnership between BrighterMonday Kenya, Creative Management Consultants Ltd, and the Kenya Youth Employment and Opportunities Project (KYEOP) under The Ministry of ICT, Innovation and…
- By Anthony Mwangi NAIROBI, Kenya, Sep 29 – Kenya Association of Manufacturers (KAM) identifies with the current government’s manifesto: The Plan – The Bottom-up Economic Transformation Agenda 2022 – 2027. The Plan recognizes and appreciates the challenges Kenyans face daily, particularly the high…
- NAIROBI, Kenya, Sep 29 – Tea prices at the weekly Mombasa auction rose slightly this week despite reduced demand from traders. At this week’s auction, a kilo averaged USD2.27(Sh274.22) up from USD2.25(Sh271.80) last week. The low demand saw the total volumes traded at the auction decrease by 407,…
- CAPE TOWN, South Africa Sepp 28 – iiDENTIFii, the innovative biometrics tech firm, has raised US$15 million growth capital. The round was led by African investment company Arise whose cornerstone investors include Rabobank Partnerships, Norfund, NorFinance and FMO. This is, to date, the largest…
- London, United Kingdom, Sep 29 – The British pound sank Thursday by more than one percent against the dollar after the Bank of England intervened on the bond markets to head off a fresh financial catastrophe. Sterling slid as low as $1.0763 in early morning London deals one day after the BoE…
- NAIROBI, Kenya, Sep 29 – Safaricom has expanded its network coverage in Ethiopia, with a recent large-scale customer pilot in Awoday and Gondar cities. The two cities bring the number of cities the telco has carried out pilot tests to ten, joining Dire Dawa, Hara, Haramaya, Bahir Dar, Adama,…
- KISUMU, Kenya, Sep 28 – Kisumu county government has received over 560 bags of DAP fertilizer as part of the government subsidy program targeting farmers as promised by President William Ruto. Kisumu county CeC in charge of agriculture department Gilchrist Okuom applauded the national government…
- NAIROBI, Kenya, Sep 28 – Outgoing Treasury Cabinet Secretary Ukur Yatani says he exits office with his head held high after having achieved much for Kenya. President William Ruto on Tuesday nominated former Central Bank Governor Njuguna Ndung’u as Yatani’s successor. In his farewell message, CS…
- NAIROBI, Kenya, Sep 28 – Dell Technologies is set to introduce a new telecom cloud infrastructure solution, co-engineered with Wind River, to help communications service providers (CSPs) reduce complexity and accelerate their cloud-native network deployments. To further power these solutions, Dell’…
- NAIROBI, Kenya, Sep 28 – Over 4 million Fuliza defaulters will be removed from the Credit Reference Bureau (CRB) and other blacklists from November this year, the government and lenders have announced. The announcement was made by President William Ruto when he met officials from Treasury, Central…
- NAIROBI, Kenya, Sep 28 – The Power Up campaign team is calling on African countries to seek greater global funding for affordable green energy which it says is essential for adaptation to the climate crisis. The campaign will initially focus on five African countries with the potential to be…
- London, United Kingdom, Sep 28 – The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund criticised Britain’s inflation-fighting budget. In a surprise move, the BoE announced it was temporarily buying up long-dated UK government bonds “to restore…
- NAIROBI, Kenya, Sep 28 – The Bar Hotels Liquor Traders Association of Kenya (BAHLITA) has urged the government not to increase the excise duty on alcoholic drinks as this will further cripple the sector that is recovering from the effects of Covid-19. This comes ahead of the Kenya Revenue Authority…
- NAIROBI, Kenya, Sep 28 – Safaricom has slashed interest rates on Fuliza loans below Sh1000 by 40 per cent and introduced a three-day grace period for borrowers. The new rates, effective October 1, will see customers borrowing Sh500-1000 pay a daily interest charge of Sh6 down from Sh10. Further,…
- Cotonou, Benin, Sep 28 –His Toyota Matrix has driven the equivalent of four times around the world and it would never pass an inspection in Europe. But for its delighted new owner, Adam Adebiyi, the ageing hatchback with more than 170,000 kilometres (105,000 miles) on the clock may just as well…
- NAIROBI, Kenya, Sep 28 – StepWise, a technology company focused on ICT Training and Business Process Outsourcing (BPO) has today announced the launch of its Software Development Center, ‘Zalda’- focused on leveraging technology to enable and promote inclusion and socio-economic participation, of…
- NAIROBI, Kenya, Sep 27 – The Capital Market Authority (CMA) and Kenya Development Corporation (KDC) have signed a Memorandum of Understanding (MoU) that aims to ease the accessibility of financial services to small businesses. The partnership seeks to spur growth in the SME sector which has faced…
- NAIROBI, Kenya, Sep 27 – President William Ruto has appointed KenGen’s Managing Director(MD) Rebecca Miano as the Cabinet Secretary in the Ministry of East African Community (EAC), Arid and Semi-Arid Lands (ASALs) and Regional Development. She takes over from Betty Maina who was serving in the…
- NAIROBI, Kenya, Sep 27 – Kenya Power is set to spend Sh40million in the initial phase of its electric mobility rollout as it seeks to phase out fossil fuel-powered vehicles and motorbikes from its fleet. The electricity utility firm will utilize the funds to purchase three electric vehicles and…
- NAIROBI, Kenya, Sep 27 – Elgeyo Marakwet Senator Kipchumba Murkomen has been named the new Cabinet Secretary for Roads, Transport, and Public works, by President William Ruto. Murkomen who is a close ally of President William Ruto will now take over from James Macharia who has served in the docket…
- NAIROBI, Kenya, Sep 27 – President William Ruto has appointed Peninah Malonza as the Cabinet Secretary for the Ministry of Tourism, Wildlife and Heritage. She takes over from Najib Balala who has served in the position for almost 12 years cumulatively, serving in both the late Mwai Kibaki’s and…
- NAIROBI, Kenya, Sep 27 – Former Central Bank of Kenya(CBK) Governor Njuguna Ndungu has been appointed the Cabinet Secretary, National Treasury, and Planning in President William Ruto’s administration. He takes over from Ukur Yatani who has served in the position since July 2019. Njuguna was part of…
- NAIROBI, Kenya, Sep 27 – E-commerce platform Jumia has entered a partnership with California-based EV solutions provider, BILITI to introduce a fleet of electric tuk tuks in its delivery fleet. The two companies have successfully completed the pilot project, and are set to scale the fleet within…
