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- NCBA Bank has now financed more than 4,000 vehicles that are currently on Kenyan roads, maintaining its position as the largest asset financier in the country. The Kenyan lender has so far used 17 billion shillings to finance vehicles in Kenya. NCBA commands a market share of 34 percent in Asset…
- BK Group has reported a 26.7% jump in net profit to KES20.4 billion for the 9 months ended September 30, driven by robust growth in interest income. BK Group’s total interest income rose by 10.8% to KES18.9 billion supported by higher income from loans and advances which grew by 15.8% to KES144.5…
- The Teachers Service Commission (TSC) has advertised 78 non-teaching internship vacancies in nine different departments within its secretariat. On Wednesday, November 29th, in an advertisement released, the commission specified that these internship roles would span from ten to twelve months. Read…
- In the past month, tomato prices have skyrocketed, forcing Kenyans to dig deeper into their pockets to enjoy a well-flavored meal. A spot-check by Soko Directory around Nairobi estates revealed just how tomato prices have increased uncontrollably. One tomato around Naivas estate, Ruaraka for…
- 250 youths have completed software development training courtesy of investment between The Family Group Foundation and Adanian Labs Africa. This marks the second cohort of software engineers that have undergone this training. The second cohort of graduates has undergone training focused on digital…
- Charlie Munger, the vice chairman of Berkshire Hathaway and the longtime partner of Warren Buffett, passed away on November 28, 2023, at the age of 99. Munger was widely regarded as one of the most influential and successful investors of all time, as well as a generous philanthropist and a source…
- In the past six months, Bolt has discontinued the services of more than 5,000 drivers from its platform due to non-compliance and safety-related matters. Additionally, Bolt has dedicated over 20 million shillings to bolster its safety features and measures. “The company continues to permanently…
- The effects of climate change continue to be felt across the globe and more increasingly in Africa, where the largest risk lies. This has become prevalent in the past few years, with Africa recording harsh drought and flood incidences. In fact, according to the US government’s National Centers for…
- Being an entrepreneur is not easy. It requires courage, passion, perseverance, and a lot of hard work. But it also offers rewards that are beyond measure: the satisfaction of creating something valuable, the freedom of being your boss, and the opportunity to make a positive impact on the world.…
- Minet Kenya has become the latest member of the country’s insurance industry to join the Nairobi Declaration on Sustainable Insurance (NDSI), an industry initiative to support the achievement of the UN Sustainable Development Goals (SDGs). Philip Lopokoiyit, Chair of NDSI and Group CEO of ICEA LION…
- In a remarkable turn of fortune, Julius Njuguna, a dedicated Gor Mahia supporter, has emerged victorious, securing a life-changing KSH 3,548,387 by correctly predicting 15 out of 17 games in the recent SportPesa Mega Jackpot. The 30-year-old, also an avid follower of English Premier League giants…
- Public relations practitioners have been called upon to embrace artificial intelligence as a powerful tool to combat the growing threat of misinformation. The President of the Public Relations Society of Kenya, Mr. Arik Karani said that artificial intelligence (AI) has the potential to help public…
- Starting early next week, the Teachers Service Commission (TSC) has announced that it will start countrywide teacher promotion interviews for primary school teachers early next week. According to TSC, the interviews aimed to fill 36,505 promotion vacancies which were advertised in September 2023…
- Family Bank set aside a whopping 50 billion shillings just for women. No other bank has done that. The new product is called Queen Banking and is tailored towards empowering women in Kenya financially by giving them funds to invest and better their businesses. “Family Bank is dedicated to…
- Let us face it. If there is something that Covid-19 taught us the need to have something to fall back to, something saved somewhere when a time comes, it saves you. Nobody knows the future, but through saving, we prepare for it. One of the best ways to save the little you have and prepare […]
The…
- Picture this; It is in the middle of the month. All of a sudden, every tangible thing within your household becomes depleted. Cooking gas, shopping, electricity, water, cleaning accessories, everything becomes depleted at the same time as if they had a meeting and decided so. Or what about this?…
- Digify Africa, a youth-led organization at the forefront of shaping Africa’s digital future, has rolled out an online training program to boost digital literacy levels among the youth in Kenya. The digital marketing skills course, DigifyPro, launched in Nairobi on Friday is aimed at equipping the…
- Bamburi Cement Plc has today launched its 2022 Sustainability Report that details its green growth trajectory geared towards decarbonizing its business operations to achieve net-zero carbon (CO2) emissions by 2050. In 2022, the company lowered its carbon emissions by 3.2% and achieved a 5.5%…
- Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has launched its inaugural cohort-based initiative for high-growth founders, the ScaleUp Program. The program will identify ten high-growth ventures based in East Africa and support them with the network and…
- Sarova Hotels and Resorts in collaboration with One Above hosted the Outbound Tour Operators Association of India (OTOAI) Convention being held until the 27th of November in the country. The convention in its 5th year aims to foster strategic bilateral ties between Kenya and India in the field of…
- Real estate investment is one of the myriad ways that you can use to create wealth. Wealth grows through compounding, which means putting money into something with the expectation of making a profit on both your original investment as well as the accrued interest over time. According to the Global…
- The Kenya Universities and Colleges Central Placement Service (KUCCPS) has opened its portal for students seeking to join the Kenya Medical Training College (KMTC). In a statement released by KUCCPS, the purpose of the placement is to fill limited admission slots. Additionally, the portal will…
- On Monday, the National Transport and Safety Authority (NTSA), in their October Road Safety status report said that 3,609 people died in road accidents between January and October 2023. According to NTSA, in January they recorded 379 fatalities, February had 340, March (389), April (357) and May…
- Imran Noorani, a distinguished businessman, proudly announces the grand opening of Premium Inn, a sophisticated business hotel situated on Haile Selassie Road in the heart of Mombasa’s bustling business district. With its strategic location just 15 kilometers away from Moi International Airport (…
- NCBA released its 3Q23 results, recording a 14.4%y/y rise in EPS to KES 8.89 with net income coming in at KES 14.6bn. The performance comes on the back of an 11.7%y/y growth in net interest income (NII) to KES 26.0bn. Meanwhile, non-funded income (NIR) sustained its decline, down 8.0%y/y to KES 20…
- Let us face it. Things are not right. The economy is not doing well and virtually everyone is struggling to make ends meet. Cash has become scarce and inflation is off, through the roof, leaving people not sure of tomorrow. It is during such time that things seem to be working against you. If you…
- Tecno Phantom is a Chinese smartphone brand that has been making waves in the African market with its innovative and affordable devices. One of the key features that sets Tecno Phantom apart from its competitors is its use of artificial intelligence (AI) in its camera processing, especially in its…
- Tecno Mobile is a Chinese smartphone manufacturer that has been making waves in the African market since 2006. The company is a subsidiary of Transsion Holdings, which also owns other brands such as Infinix, Itel, and Phantom. Tecno Mobile has focused its business on the African, Middle East,…
- Nothing is as frustrating as being in another country and unable to send cash hope to support your family, friends, and associates. Of course, there are various options that one can use to send and receive cash from another country, but the charges are often crazy. But what if I told you that there…
- Emirates has today announced the return of its popular My Emirates Holiday Pass. Starting from 1st November 2023 to 31st March 2024, My Emirates Pass enables customers to use their boarding pass to enjoy exclusive discounts at restaurants, luxury spas, big-name stores, private pools and beaches,…
- BK Group Plc investors are set for an early Christmas gift after the board approved an interim dividend payout of KES1.05 per share. The dividend disbursement will be made just five days before Christmas, as per a statement released by the BK Group, and will be payable to investors on the…
- HMD Global, the home of Nokia phones, today launches the new Nokia C32, the first smartphone in the popular C-series range with a 50MP camera, bringing advanced imaging to an even more affordable price point. Arriving with the latest Android 13 in a new, refreshed design, it has a toughened glass…
- OPPO, one of the world’s leading smartphone brands, has been making waves in the African market with its innovative and futuristic devices. The company has recently launched several new models, including the Reno 10 5G Plus, the A18, and the Find N3 and Flip, which showcase its prowess in AI,…
- The smartphone market is constantly evolving and innovating, offering new and exciting devices that cater to different needs and preferences. Among the latest trends in the industry are foldable and flip phones, which combine the portability and convenience of a traditional phone with the…
- To mark the start of the global sixteen days of activism against gender activism, a campaign dubbed “Activate Nairobi” was launched at an event at the University of Nairobi with a terse message about the need to fight gender-based violence. This campaign is a collaborative effort between Kenya’s…
- Divorce is a painful and complex issue that affects many families around the world. It is often seen as a way out of a troubled marriage, a solution to irreconcilable differences, or a personal choice that has no consequences. However, divorce is not a simple matter that can be easily resolved. It…
- A lie has no legs, but a scandal has wings. This proverb means that a lie cannot stand on its own, but a scandal can spread quickly and widely. It also implies that lying can damage one’s reputation and credibility and that honesty can prevent or reduce the harm of scandals. It also warns that […]…
- Education is often seen as the key to success in life. However, education is not only about what we learn in school but also about what we learn from the streets. The streets are where we encounter the real world, where we face challenges, opportunities, and risks. The streets are where we develop…
- Money is one of the most important resources in life. It can help us achieve our goals, fulfill our needs and wants, and enjoy our lives. However, money is not easy to come by. Many people struggle to make enough money to meet their expenses, let alone save and invest for the future. I would […]…
- I got the opportunity to attend the third Abojani Economic Empowerment Conference held at the Radisson Blu Hotel, Nairobi. It was my first time attending an event put together by Abojani. With more than 200 people in attendance, it was obvious that both the organizers and the sponsors had done a…
- If you are a business owner with a turnover between Kshs. 1,000,000 and Kshs. 25,000,000 in any year of income, you may be wondering how to comply with the tax laws and regulations in Kenya. You may also be looking for ways to simplify your tax obligations and reduce your administrative costs. If…
- KCB Group Plc released 3Q23 results yesterday, marking a 1.7%y/y slide in EPS to KES 9.31 with net income coming in at KES 29.9bn. Positively, the results reflect an improvement from the 20.1%y/y decline noted in 1H23. The recovery came on the back of a 21.6%y/y growth in net interest income (NII)…
- Five thousand three hundred (5,300) small and medium-sized businesses (SMBs) have graduated from Google’s Hustle Academy. This milestone underscores their dedication to improving business acumen and skill sets. The graduation demonstrates the impact of the program, with over 10,000 entrepreneurs…
- KRA has bagged three awards during the fourth edition of the Huduma Ombudsman Award ceremony. During the ceremony held at the KICC, KRA was recognized for leveraging technology to effectively meet information needs and its exemplary commitment to outstanding public service delivery. One of KRA’s…
- The government through the Ministry of Education on Thursday announced that schools across the country will reopen on January 8, 2024. Education Cabinet Secretary Belio Kipsang, who spoke during the release of the Kenya Certificate of Primary Education (KCPE) results stated that this will mark the…
- The OPPO A18 is a device that has been designed to meet the needs and expectations of users. It offers seamless performance, a long-lasting battery, and impressive camera features that make it stand out from the crowd. Performance How does the device ensure smooth and fast performance for everyday…
- OPPO has launched its new A-series smartphone – the OPPO A18 – in Kenya. Featuring a large 5,000mAh battery and powered by the MediaTek Helio G85 with ample memory and storage, the OPPO A18 is engineered to provide seamlessly smooth performance and long-lasting battery life. The device boasts a…
- Tanzania’s drive to industrialize its sunflower sector has stumbled for the 2023/2024 growing season on a deal to bulk-source high-yield seeds for the country’s one million sunflower farmers. The deal, funded by the African Development Bank, was for 700 tonnes of hybrid seeds, to deliver yields and…
- Dr. Aysha Edwards has been appointed as the new Chief Executive Officer of AAR Hospital, effective Thursday 9th November 2023. With over a decade of experience, Dr. Edwards steps into this role, marking a significant milestone for the hospital and healthcare landscape in Kenya. She joins the ranks…
- Trade is a fundamental enabler of sustainable development, inclusive growth, and poverty reduction. By facilitating the exchange of goods and services, trade sustains businesses, and creates jobs and livelihoods. To sustainably engage in trade, businesses need financing, also known as trade finance…