• 21 Jan 2020 - Naivas Limited is set to sell about 30 percent of its stake at billions of shillings to a French Private Equity Fund, Amethis Finance. The deal between Naivas Limited and Amethis Finance is expected to boost Kenya’s investment profile and retail industry with talks regarding the transaction…
  • 21 Jan 2020 - Kenyan investment bank, Genghis Capital, has today, 21st January 2020, released a report predicting that the Nairobi Securities Exchange (NSE) will offer investment opportunities for the year 2020; presenting an opportunity to investors to continue diversifying their portfolios and post positive…
  • 21 Jan 2020 - A market analysis by Sokodirectory has shown that the retail price for a 90 Kg bag of green grams in Nairobi is higher than in Nakuru by over 4,000 shillings. In Nairobi, the retail price of a 90 Kg bag of green grams currently stands at 11,340 shillings while the wholesale price is 11,070…
  • 21 Jan 2020 - The Nairobi Governor can breathe easier now after the Director of Public Prosecutions (DPP) tabled an application to withdraw assault charges leveled against him during his arrest in Voi. The complainant, a police officer had accused Mike Sonko of assaulting him in a dramatic arrest in Voi on the…
  • 21 Jan 2020 - Despite fears of a sharp global economic downturn in 2019, global growth never contracted as many initially anticipated. Advanced economy central banks spearheaded by the US Federal Reserve began easing monetary policy in anticipation of rising headwinds to growth. Notably, the two major headwinds…
  • 21 Jan 2020 - Cytonn Investments has today, 21st January 2020, launched the first Home Ownership Savings platform within a regulated collective investment scheme, Cytonn Affordable Housing Investment Plan (CAHIP). The key objective of the affordable housing plan according to Cytonn is to building a deposit…
  • 21 Jan 2020 - The National Transport and Safety Authority (NTSA) has announced that drivers should apply and acquire the new look smart driving license by July or risk attracting instant fines. The move viewed as a way of the Government to extort money from Kenyans has been received with overwhelming criticism…
  • 21 Jan 2020 - The term M-Pesa is slowly replacing the use of the term “money” or “pesa” in a day-to-day conversation. They say without money in Kenya, no one can survive and having money without M-Pesa is like having a souvenir just to be looking at it. You will hear people saying “I have not received an M-Pesa…
  • 21 Jan 2020 - President Uhuru Kenyatta, on Monday, launched first Kenya’s green bond at the London Stock Exchange (LSE). The bond is worth more than 4 billion shillings by Nairobi-based property developer Acorn Holdings. The green bond now becomes the first Kenya shilling denominated corporate green bond to be…
  • 21 Jan 2020 - How rich are you working to be by the time you retire? Well if at all you not to have money as a problem then employment ought not to be your everything unless you are a seasoned gambler. It takes time to grow legitimate wealth, decades which are accompanied by experience that can not be […] The…
  • 20 Jan 2020 - The government will withdraw security detail for all VIPs who are involved in criminal activities according to a statement released by the National Police Service. The notice by the National Police Service comes hours after the security detail attached to Gatundu South Member of Parliament Moses…
  • 20 Jan 2020 - Liquid Telecom is to launch the first 5G wholesale roaming service in South Africa. Available from early 2020 in all major South African cities, this latest fifth generation of mobile internet connectivity will enable wholesale operators to create innovative, ultra-fast and scalable digital…
  • 20 Jan 2020 - Safaricom (NSE: SCOM) has partnered with Ria Money Transfer, subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), to empower more than 26 million M-PESA customers to conveniently receive international money transfers from over 20 countries across the world. A global leader in cross-border money…
  • 20 Jan 2020 - Paul Ongili alias Babu Owino, the Embakasi East Member of Parliament is to remain in custody for the next seven days waiting for his case to be mentioned on the 27th of Jan 2020 in the case where he faces attempted murder charges. Babu who is accused of attempting to murder DJ Evolve by shooting…
  • 20 Jan 2020 - “Not Guilty,” you could have heard a pin drop as the Embakasi East Member of Parliament Paul Ongili alias Babu Owino pleaded not guilty to charges of shooting Felix Orinda alias DJ Evolve at B Club located along Galana Road on 17th January 2020 in Nairobi. Babu Owino was charged with having…
  • 20 Jan 2020 - The Higher Educations Loans Board (HELB) has said that it has cancelled 55.6 million shillings in debt owed by recipients who have since passed on. In its latest recovery mission of defaulters, the loans board has established that 653 beneficiaries of the loan have died. HELB recently said there…
  • 20 Jan 2020 - Two students who were injured after an inferno razed down a part of Bahati School in Nakuru on Saturday,18th January 2020, are still recuperating as the school makes efforts to continue learning despite the incident that has left one student dead. The Bahati School fire incident happened on…
  • 20 Jan 2020 - Falling Waters FC from Laikipia and Ulinzi Youth from Nanyuki both beat their opponents 3-1 to become Chapa Dimba Na Safaricom Central Region champions. Falling Waters beat Limuru Starlets to defend their title through a Miriam Lutomia goal in the 9th minute and a brace from Jane Njeri in the 65th …
  • 20 Jan 2020 - During the week, the Kenya Shilling appreciated by 0.6 percent against the US Dollar to close at 101.0 shillings from 101.6 shillings recorded the previous week. According to Cytonn Investments, the slight appreciation was mostly supported by inflows from tourism and diaspora remittances amid slow…
  • 20 Jan 2020 - Social media best practices for financial advisors is a key prospecting tool in the financial services industry. This is because almost everyone is on these social platforms. Whether catching up with close friends and relatives, sharing personal and group experiences or marketing their businesses…
  • 20 Jan 2020 - On Thursday, 16th January 2020, China State Construction handed over the 228 2-bedroom units of the first phase of Park Road affordable housing project in Ngara to the Kenyan National Government. According to Cytonn Investments, Phase 1 of the housing project consists of 1,370 units and sits on a 7…
  • 20 Jan 2020 - Last week, T-bills remained oversubscribed, with the subscription rate coming in at 118.1 percent down from 178.3 percent recorded the previous week and lower than the YTD average of 124.9 percent. The oversubscription of the T-Bills is partly attributable to improved liquidity in the market during…
  • 20 Jan 2020 - The equities market was on a downward trend with NASI, NSE 20 and NSE 25 recording declines of (3.0 percent), (1.2 percent) and (2.5 percent), respectively. The trend at the equities market took the Year to Date (YTD) performance to gains/(losses) of (0.1 percent), 0.6 percent and 0.04 percent, for…
  • 20 Jan 2020 - The Co-operative Bank of Kenya, through Co-op Bank Foundation, has awarded 655 bright but needy students scholarships to join various secondary schools across the country. The 655 beneficiaries of this year’s scholarship program by the Co-op Bank Foundation were selected from applicants who sat the…
  • 19 Jan 2020 - If you are looking for the largest smokers in the world, then you will find them in the People’s Republic of China. In every second that passes, 50,000,000 cigarettes are smoked in China. This means that 3,000,000,000 cigarettes are smoked every minute in China. According to a report by World…
  • 18 Jan 2020 - I am a die-hard fun of hair dye and currently enjoying a blonde one for that matter and the release by The International Journal of Cancer that states that the use of permanent hair dye increases cancer chances by 60 percent has left me troubled. If you do not use hair dye, then do not […] The post…
  • 18 Jan 2020 - Education CS Professor George Magoha has revoked the appointment of Professor Stephen Gitahi Kiama as the Vice Chancellor of the University of Nairobi (UoN). According to Magoha, the appointment of a substantive VC for the University of Nairobi will be done after the completion of the ongoing…
  • 18 Jan 2020 - The Central Bank of Kenya (CBK) has given a go-ahead to top Nigerian Access Bank to acquire 100 percent of Kenya’s Transactional Bank linked to former President Daniel Moi. In a statement on Friday, CBK Governor Patrick Njoroge announced that he had given a greenlight for the acquisition of…
  • 18 Jan 2020 - Millions of Kenyans have been praising President Uhuru Kenyatta over his speech at a Mombasa State House. During his speech, the Son of Jomo made some “significant changes” including firing Mwangi Kiunjuri who was the Cabinet Secretary for Agriculture. Reading through President Uhuru Kenyatta’s…
  • 17 Jan 2020 - Safaricom as an entity has become an integral part of our everyday lives due to the many services it offers us, most specifically M-Pesa. Who doesn’t use M-Pesa? Where will Kenya be without M-Pesa? For more than 10 years, Kenya has remained ahead of other countries in terms of financial inclusion,…