- Sarova Hotels & Resorts, Kenya’s leading indigenous hospitality group, has announced its latest addition to the Sarova family after signing a franchise agreement with Maiyan Luxury Resort located in Nanyuki, Laikipia County. Effective November 1, 2023, Maiyan Luxury Resort will be rebranded as…
- Moody’s Investors Service (Moody’s) has affirmed the East African Development Bank’s (EADB) Baa3 long-term issuer rating and maintained a stable outlook. The rating affirmation reflects the EADB’s strong capital position, offset by low development asset credit quality and a legacy of high non-…
- On Monday 2ndrd October, the Salaries and Remuneration Commission (SRC) announced that the six allowances had already ceased to be payable. Members of Parliament had threatened to dissolve the SRC in August 2022, after the committee proposed scrapping the Plenary Allowance for MPs and Members of…
- Absa Bank Kenya PLC has announced the re-introduction of a China Desk to offer tailor-made solutions to the growing community of Chinese investors and businesspeople operating in Kenya and the East African region. This strategic initiative underscores the Bank’s commitment to providing tailored…
- During the week, there were significant outflows in the settlement of government securities and reverse repos which pushed the interbank rates higher, indicating a more lopsided distribution of liquidity. The average interbank rate rose to 12.69%, from 12.17% while the average traded volumes fell 3…
- The Ministry of Labour and Social Protection Florence Bore has announced that the government seeks to close all children’s homes and orphanages in the country. Speaking in Isiolo on Saturday, Florence Bore when she met Staff and Children at the Child Welfare Society of Kenya Temporary Place of…
- Kenyans whose passports have been delayed for months can now smile as the Directorate of Immigration Services published a list of all passports that are ready for collection across the country on its website. According to the Directorate of Immigration Services, 7,501 passports are ready for…
- “This week we issue a BUY recommendation on NCBA Group. We remain positive on the firm’s earnings growth trend as well as its strategic venture into bancassurance with the acquisition of a controlling stake in AIG Kenya Insurance Co,” said Genghis Capital. The select SSA markets closed the third…
- Obunga FC and Plateau Queens, both from Kisumu County, are the 2023 champions of the Safaricom Chapa Dimba Nyanza region. Obunga FC was crowned the new regional champions after beating Awendo Academy from Migori 2-1 in a hotly contested match at Moi Stadium in Kisumu. Obunga FC took the lead in the…
- The y/y inflation in September 2023 increased marginally by 0.1% points to 6.8%, from the 6.7% recorded in August 2023. This was in line but below our projections of an increase to within a range of 7.2% to 7.6%. The headline inflation in September 2023 was majorly driven by an increase in prices…
- Chest pain that feels like pressure or tightness can be an indicator of serious and life-threatening heart disease and should be evaluated promptly ideally in an emergency department. It is critical to visit a hospital that has a system in place for the management of chest pain from suspected…
- The Kenya Shilling depreciated by 0.4% against the US dollar to close the week at Kshs 148.1, from Kshs 147.4 recorded the previous week. On a year-to-date basis, the shilling has depreciated by 20.0% against the dollar, adding to the 9.0% depreciation recorded in 2022. Pressure on the Kenyan…
- During the week, T-bills were undersubscribed for the third consecutive week, with the overall subscription rate coming in at 56.9%, albeit lower than the undersubscription rate of 84.1% recorded the previous week. Investors’ preference for the shorter 91-day paper persisted, with the paper…
- Kenya Revenue Authority (KRA) will on Monday launch the Annual Taxpayer’s Month and unveil its online auction as well as the Tax Amnesty, as a way of giving back to taxpayers. KRA celebrates the Taxpayers’ Month annually to appreciate compliant taxpayers for their patriotism in dutifully remitting…
- Read Also: 20 Ways Of Building Real Wealth: Your Guide To Success In Entrepreneurship And Investments Assumptions: An individual invests KES 700,000 in any of the assets above at the beginning of 2021, Dividend payments are not included in stock market returns, Coupon payments are not included in…
- On Friday 29th, the National Transport and Safety Authority (NTSA) announced that it has adjusted its operating hours in upscaled efforts to clear the licenses and new generation number plates. According to the statement released by the Authority’s Director General (DG), the changes will take…
- Revital Healthcare EPZ Ltd., a leader in African medical device manufacturing, announces a historic milestone in African manufacturing excellence. The company is the first to be granted Pre-Qualification (PQ)status by the World Health Organization (WHO) on July 11, 2023, for their early activation…
- I visit some Member’s Only Clubs within and without Nairobi, and within the faint smiles, fancy suites, and murmurs here and there, lies the tale of retirement. I realized that most old men and women in these clubs are here to enjoy their retirement, relax, and make friends. Mostly, they have no…
- AA Kenya has deepened its partnership with Insurance service providers to offer members an enhanced array of Membership propositions. With a strong commitment to supporting motorists across the nation, AA Kenya collaborating with Insurance Companies will provide motorists with elevated road…
- Safaricom was the day’s top mover – accounting for 37.3% of the day’s turnover. The counter shed 1.3% on its price function to KES 14.70, a three-month low. Banking stocks dominated the top mover chart with ABSA, HF Group, Equity, StanChart, and KCB Group being the top-traded banks in the session.…
- Equities Turnover rose by 24.4% to KES 125.4Mn up from KES 100.9Mn the previous trading day. Domestic investors were the dominant players on the day. They accounted for c. 62.5% of the total market turnover. Foreign investors remained bearish on key blue chips to print net outflows of KES 16.1Mn in…
- Dear Mr. President, Nabii, Baba Yao, Zakayo, Jamaa wa Levies, Mchungaji, Hustler Number One, hope you are doing fine, happy, and taxy! Down here, Mr. President, we are happy. Wailing and screaming. Thanks to you and your great government, we are doing well. Omwami afume! Mr. President, first and…
- Embarking on the path of personal growth is a journey fraught with challenges, but perhaps the most daunting of all is the solitary phase that accompanies it. As I perused a podcast recently, I encountered the wisdom of Alex Hormozi, who proclaimed: “Every single person who aspires to achieve…
- In the symphony of life, we often find ourselves in the realm of waiting, where time stretches like a river flowing through eternity. It’s easy to perceive waiting as a cruel punishment, a relentless ordeal. But, dear reader, let us embark on a poetic voyage to unveil the hidden truth: the wait isn…
- In the enigmatic dance of existence, there lies a paradox, an intricate riddle of life’s grand design. It whispers to us with a voice as elusive as the morning mist: “You must embrace the realm of failure to ascend the peaks of success.” But, pray tell, what cryptic incantation is this? Behold the…
- Manufacturers have today committed to scaling up clean energy initiatives as the country seeks to realize a low-carbon future. This was during the 9th Clean Energy Conference and Expo, hosted by the Kenya Association of Manufacturers (KAM). Speaking at the forum, Ministry of Energy and Petroleum,…
- Kenya’s national carrier, Kenya Airways (KQ) has today announced the introduction of two daily flights to London effective 29th October 2023. The airline’s customers can now choose between a morning flight via KQ 100 and an evening flight via KQ 102 allowing more travel options, convenience, and…
- From surviving to thriving in the post-COVID world, small and medium enterprises (SMEs) in Kenya have demonstrated optimism and confidence about the next 12 months. These are the findings of the second edition of the Mastercard Eastern Europe, Middle East, and Africa (EEMEA) SME Confidence Index.…
- Old Mutual Investment Group has urged trustees to Integrate Environmental, Social, and Governance (ESG) considerations in their investment decision-making processes to foster responsible investing and promote long-term value creation. The call aligns with the plea of African leaders to the…
- The Kenya Union of Post-Primary Education Teachers (KUPPET) supports the proposal by Julius Melly to allow sick students taking national exams to be nursed until they recover, rather than having the exams administered in a hospital. On 1st September, Julius Melly, chairman of the National Assembly…
- In an era dominated by global security concerns, the illegal sale of military equipment has surfaced as a critical issue, particularly with China under the spotlight. This illicit trade, as exemplified by the ongoing case of Zakariya Kamal and its implications for terror groups, raises serious…
- National Bank of Kenya in partnership with The Leadership Group and Ashitiva LLP, has launched a new initiative aimed at empowering SMEs in the country. Dubbed “National Business Forum” the member-based initiative aims to support business leaders to sustainably grow their organizations through…
- Unstoppable Africa 2023 has concluded, leaving a profound mark on the African continent. The two-day Global Africa Business Initiative (GABI) event aims to boost Africa’s standing in the global economy and establish the continent as the foremost destination for business, trade, and investment. This…
- Zero-investment businesses are commercial activities that require little or no investment but provide reasonable profit. These businesses do not require much training. It can be created based on your knowledge and talents. Below are some business options that are possible without any capital but…
- Innovation is necessary for the survival of any organization and business in our rapidly evolving world. At Safaricom, innovation is part of our culture, together with purpose, collaboration, and customer obsession. There’s a need to embrace new ideas, technologies, and approaches as solutions but…
- Finding the right job as a college graduate with no prior work experience can be a daunting task. However, several career options are well-suited for recent graduates, offering opportunities for growth and skill development. The fact is that there are numerous opportunities open to people with…
- Opera Mini hits 1 billion downloads worldwide. This week the popular mobile browser, Opera Mini, has achieved a remarkable milestone: 1 billion downloads on the Google Play Store. This incredible achievement is a testament to the browser’s widespread popularity and the trust it has garnered from…
- The stock market is a powerful tool for wealth creation and economic development. However, it is important to understand the risks and rewards of stock market investment before investing. Stock market education is essential for both individuals and society as a whole. Foreign investors play a…
- Safaricom (NSE: SCOM) has launched a revamped in-country cloud computing platform and services, to help businesses and organizations digitize their operations, and offer flexibility and resilience to ever-changing environments. The new cloud services, hosted in Data centers in Nairobi and Kisumu…
- The Teachers Service Commission (TSC) vetted 223,223 teachers to serve as supervisors and invigilators in the national examinations. The 37,731 teachers will serve as examiners according to TSC Chief Executive Officer (CEO) Nancy Macharia TSC CEO added that all 71,760 center managers will attend…
- Old Mutual Holdings PLC has recorded a KES 0.2 billion profit before tax for the half-year period ended June 30, 2023. The profit is an improvement from a loss before tax of Kes 0.9 billion recorded within the same review period in 2022. This is driven by profitable growth in revenues, which…
- Artificial intelligence (AI) is set to become the most prolific and impactful technology trend in the world today. Its adoption by businesses has more than doubled since 2017, with the average number of AI capabilities organizations use also increasing. It’s a trend Kenya is starting to embrace.…
- National security is a paramount concern for any nation, and Kenya is no exception. In recent years, the country has faced numerous security challenges, including threats from insurgent groups like Al-Shabaab. As the Defense Minister, Aden Duale plays a crucial role in protecting Kenya’s borders…
- Did you know that you can get an amnesty on your outstanding tax penalties and interest that have accrued for the period before December 31, 2022? Professional services firm, PwC, advises that taxpayers who have already settled their principal tax obligation or are willing to settle the same by…
- In a cautionary notice issued to the exchange, NCBA Group has announced its intention to raise its stake in AIG Kenya Insurance Company Ltd (AIG) from the current 33.33% stake to 100% by buying the remaining 66.67% (which we suspect may be part of shareholder pre-emptive rights). If the Transaction…
- Are you an Equity Bank customer looking for easy ways to repay your loan? Equity provides a range of hassle-free loan repayment options tailored to your convenience, with the understanding that servicing your loans should be a straightforward and user-friendly process. Here’s a breakdown of how you…
- Tetra Pak East Africa in partnership with the Packaging Producer Responsibility Organization (PAKPRO) has launched a kick-start project to recover used beverage cartons in the country. The partnership brings together two recyclers of liquid board packaging – Ramani Warehouse Limited (Thika) and…
- The year is quickly coming to an end and for many of us, December and January are high-spend months. How are you planning to buffer yourself financially given that your expenditure is likely to increase exponentially with the need to entertain friends and family, travel and plan for a new school…
- The Google for Startups Growth Academy: AI for Health has unveiled its 2023 cohort, spotlighting 30 transformative startups from across Europe, the Middle East, and Africa. After an intensive selection process that started in May, the lineup includes five innovative African startups, all set to…
- Uber Eats has announced its expansion to Eldoret and Naivasha as well as operational updates in Nakuru and Mombasa. These moves are intended to bring city residents with a variety of selection options for food and groceries- at the tap of a button. The expansion of Uber Eats to these geographical…
