- The Teachers Service Commission (TSC) fired 73 teachers following several disciplinary cases against them. According to the Gazette Notice, the Commission CEO Nancy Macharia published the names of the fired teachers alongside their TSC number, disciplinary case number a, nd date of removal. TSC…
- Despite having a population of over 50 million people, Kenya’s insurance penetration rate stands at 1.3 percent, which is relatively low. There are different ways to protect your loved ones to ensure that they lead peaceful and comfortable lives. One of the best ways to ensure that this is achieved…
- Three companies have been fined at least 9.3 million shillings for failing to observe the provisions of the Data Protection Act, making it one of the largest penalties since the Act became effective. The companies have been given three days to act. Mulla Pride Limited, a digital lender, will have…
- On 25th September, the Education Cabinet Secretary Ezekiel Machogu unveiled a new grading structure in the Kenya Certificate of Secondary Education (KCSE) grading system for 2023 candidates and it will be applied to all future KCSE candidates. In the new grading system, the changes are aimed at…
- X [Formerly Twitter] has announced they plan to shut down their “Circles” feature as of Oct 31st, 2023. This offering was intended to let users restrict the visibility of tweets so they could be seen only by explicitly selected accounts. Platform users would put accounts in a “Circle” and could…
- The Kenya Revenue Authority (KRA) deployed 1,400 Revenue Service Assistants across the country in an enhanced customer support framework. “This is anchored on KRA’s adoption of a more facilitative approach with taxpayers.” The Field Officers are part of KRA’s reforms initiative aimed at enhancing…
- In the ever-evolving landscape of smartphone technology, users are always looking for devices that can be pushed to a new limit. With OPPO Kenya’s new release the Reno10 series, the series seeks to give this experience to its users. At the forefront of this groundbreaking series stands the Reno10…
- NCBA Group PLC (“NCBA”) has announced its intention to acquire 100% of AIG Kenya Insurance Company Limited (“AIG Kenya”). If concluded, the acquisition of the over 50-year-old insurance business, which has a heralded market reputation for offering a sophisticated general insurance proposition to…
- Britam General Insurance has unveiled a health insurance package dubbed Milele Junior designed exclusively for children aged between 37 weeks and 18 years. The launch of the medical cover addresses the pressing need for child-focused health insurance solutions in Kenya. Data from the Kenya…
- One of the biggest challenges facing most industries today is the rising cost and uncertain security of energy. Indeed, such is the concern, that it’s shifted the focus of the need for a renewable generation strategy from sustainability and the environment to protecting supplies. This is more so…
- In a growing concern within Kenya’s poultry industry, farmers are facing substantial losses due to the proliferation of illegal hatcheries and breeder farms, resulting in alarming mortality rates among day-old chicks. Distressed by these circumstances, Kenyan poultry farmers are urging the…
- During the week, the Kenya Shilling depreciated by 0.4% against the US dollar to close the week at Kshs 147.4, from Kshs 146.8 recorded the previous week. On a year-to-date basis, the shilling has depreciated by 19.4% against the dollar, adding to the 9.0% depreciation recorded in 2022. Read Also:…
- During the week, T-bills were undersubscribed for the second consecutive week, with the overall subscription rate coming in at 84.1%, from the undersubscription rate of 92.1% recorded the previous week. Investors’ preference for the shorter 91-day paper persisted, with the paper receiving bids…
- The market reversed the prior week’s gains, retreating 2.2%w/w on the price drop across most large caps. The N10, NSE 20, and NSE 25 sustained losses, down 1.4%w/w, 0.8%w/w, and 1.5%w/w respectively. Read Also: Kenya’s Private Sector Economy Signals An Improvement On Increased Purchasing Activity…
- Imagine going to the cinema to watch a long-anticipated film. You’ve read the reviews. You’ve queued up. You’ve bought snacks and turned off your phone. You enter the auditorium ready to be blown away. And the screen is tiny and fuzzy. All you can see are other people’s heads. You’d be disappointed…
- Liquidity conditions reversed the previous week’s posture, as the cost of funds in the money market notched higher to an average of 12.17%, from 12.10% recorded the previous week. The performance followed an increase in settlements that offset government receipts. Consequently, the average traded…
- Equities turnover jumped by 105.6% to KES 174.7Mn up from KES 85.0Mn the previous trading day. Foreign investors were the dominant players on the day. They accounted for c. 76.6% of the total market turnover. Foreign investors remained bearish on key blue chips to print net outflows of KES 34.3Mn…
- Safaricom was the day’s top mover, from a turnover perspective – accounting for 71.2% of the trading activity. The counter broke its week-long price erosion on a 0.3% rally to KES 15.00. StanChart was the best-performing top mover on a 1.1% rally to KES 163.00, a 4-week high, on the back of foreign…
- Corporate Social Responsibility (CSR) is of paramount importance to both businesses and the communities they operate in due to the numerous tangible and intangible benefits it brings. CSR enhances a company’s reputation and brand image. When businesses actively engage in socially responsible…
- SGA Security Kenya has signed a KES. 1 million sponsorship deal ahead of the 2023 Africa Concours d’Elegance organized by the Alfa Romeo Owners Club. The event will be held on 24 September 2023 at The Nairobi Racecourse along Ngong Road. As the official security partner, SGA Security Kenya will…
- Mergers can be highly beneficial for entrepreneurs and businesses for several reasons, often presenting opportunities for growth, diversification, and increased competitiveness. Given how the business environment has been difficult, with over 3200 SMEs shutting down daily since March 2020, mergers…
- Family Bank has today unveiled an exclusive woman banking proposition dubbed ‘Queen Banking’ and set aside KES 50 billion kitties for the next 2 years to cater to the diverse individual and business needs of women to promote women’s economic empowerment and deepen financial inclusion in Kenya.…
- Friends of Karura (FKF) is thrilled to announce the eagerly anticipated 2023 FKF Anniversary Race, an annual celebration of their mission to preserve Nairobi’s most significant indigenous forest, the Karura Forest. This year’s event promises to be more inclusive, affordable, and community-oriented…
- On September, Sunday 24th, the Kenya Railways will temporarily close Railway Matatu Terminus to carry out a Ground Penetration Radar (GPR) utility survey. According to a notice that was released by the Kenya Railways Managing Director, the closure is part of the design and planning process of the…
- Most Kenyans believe that certificate courses are not so marketable in Kenya, there are Kenyans who are earning a lot, and to make it interesting they only possess certificate courses. A marketable certificate course is attractive to potential employers or clients. It is also one that is in demand…
- Patience is often heralded as one of the most critical virtues when it comes to building wealth, and for good reason. The significance of patience in wealth-building extends far beyond just waiting for your investments to grow; it encompasses a holistic approach to financial success. Patience is…
- Twelve teams from the six counties of the Nyanza Region – Kisumu, Migori, Homa Bay, Siaya, Kisii, and Nyamira – will line up this weekend for the regional playoffs to qualify for the regional finals scheduled for September 30th and October 1st in Kisumu. The matches are categorized into groups,…
- On Thursday, 21st September, the Basic Education Principal Secretary Belio Kipsang warned school Headteachers over imposing remedial classes, adding the programs are illegal. According to Education PS, Belio Kipsang, some school head teachers continue to impose illegal levies on parents to pay…
- THE motion put forward by senators to ban or highly regulate e-cigarettes could undo years of progress in smoking cessation. The Campaign for Safer Alternatives (CASA) warns that such legislation would not only send former smokers back to their old habits but also deny current smokers a proven way…
- Safaricom was the day’s top mover, from a turnover perspective – accounting for 22.4% of the trading activity. The counter shed 0.3% to close the day at a 16-week low of KES 14.95 on foreign selling. Bamburi was a surprise top mover, trading 731k shares at a volume-weighted price of KES 25.50 on…
- Equities turnover declined by 87.8% to KES 85.0Mn down from KES 698.9Mn the previous trading day. Domestic investors were the dominant players on the day. They accounted for c. 68.8% of the total market turnover. Foreign investors remained bearish on key blue chips to print net outflows of KES 50.…
- The government, through the Head of Public Service Felix Koskei, has warned civil servants who accumulate leave days so that they can be paid that they will have to “cry from the toilet” henceforth for the government will no longer pay them. Koskei directed that all public servants must ensure they…
- The Teachers Service Commission (TSC) has advertised permanent and pensionable replacement teaching jobs for primary and senior secondary schools. These guidelines intricately detail the entire recruitment process, underscoring the imperative of conducting it with the utmost transparency and…
- The Tony Elumelu Foundation, UNICEF’s Generation Unlimited (GenU), and IKEA Foundation have partnered to launch a pioneering Green Entrepreneurship Program that is aimed at empowering African youth and tackling the triple planetary crisis of climate change, biodiversity loss, and resource scarcity…
- CEOs in government agencies and parastatals will serve for a maximum of two terms, breaking the norm where some executives would overstay in one position, making it difficult for developmental progress and advancement. “If in those two terms, you achieve nothing as the CEO, you will be held to…
- The East African Breweries Limited (EABL) has started giving female employees up to six and a half months of paid leave to grieve the loss of a pregnancy, making it the only company in the region with such a provision, giving others a run for their money. Interestingly, the leave also extends to…
- A Green Card Lottery officially known as the Diversity Visa lottery is a permit allowing immigrants to permanently live and work in the United States Of America. Green card holders are known as permanent residents. Applying for a Green Card is seemingly difficult, with many opting to participate in…
- President William Ruto has signed a deal worth Ksh.8.7 billion with an American firm, the Unites States’ Millennium Change Corporation (MCC) to finance the acquisition of electric buses for Line 2 of Nairobi’s Bus Rapid Transit system. President William Ruto met MCC CEO Alice Albright in New York…
- Safaricom was the day’s top mover on Wednesday, from a turnover perspective – accounting for 70.2% of the trading activity. The counter shed 2.6% to close the day at a 3-month low of KES 15.00 on foreign selling. ABSA was the only top mover to gain in the day, printing 1.3% returns to KES 11.95…
- LOOP Digital Financial Services has entered into a strategic partnership with AMANI Project – a cycling super-team composed of the best riders from East Africa, aimed at fostering community engagement and promoting healthy lifestyles LOOP Safari Race Series. The Series also aims to showcase many…
- Safaricom has officially flagged off the Nyanza regional finals games of the Chapa Dimba football tournament with a series of community engagements aimed at transforming the lives of the locals in the region. The community engagements involve a free Medical Camp, free Digital and Financial Literacy…
- As the technology landscape evolves each day, companies are faced with the critical decision of whether to migrate entirely to the cloud or continue maintaining on-premises data centers. While cloud adoption is on the rise, many enterprises are finding value in balancing the two through a strategy…
- Kenya Consumer Organization (KCO) is gravely concerned about the alarming conditions prevailing in many slaughterhouses across Kenya. KCO is sounding the alarm on the potential health risks posed by these unsanitary facilities and is urgently calling upon the Kenyan government to take immediate…
- Standard Chartered Kenya has announced the launch of a KES15 million prize money campaign aimed at rewarding new account holders who transfer their salary accounts to the Bank. The campaign dubbed “Switch your Salo. Bank Better” seeks to reward clients when they open salary accounts with Standard…
- Lancet Series on small vulnerable newborns calls for standardization of data, technology, and quality pre-natal information as national preventive measures to curb the high rate of newborns born too small or too soon which currently stands at the highest rate at 20% in Sub-Saharan Africa. Globally…
- Old Mutual Group has appointed Loreen Makwanya as its new Managing Director, to head its Life Insurance business. Loreen brings to the new role a wealth of experience, having worked in the company for more than 12 years in various capacities with her latest role being the head of operations and…
- Air-France KLM group airline expects Available Seats per Kilometer (ASK) among its airlines to go back to 2019 levels from 2024. This follows an increase in passenger capacity in the second half of 2023 by 8.2 percent or 24.7 million passengers across its airlines compared to the same review period…
- In the dynamic world of entrepreneurship, stories of triumph, such as Facebook’s extraordinary ascent, serve as powerful motivators for aspiring African entrepreneurs. By examining Facebook’s transformation from a dormitory project to a global technological behemoth, we can extract invaluable…
- Kenyans have been called upon to collect their passports from various parts of the country or they will be penalized. Interior CS Professor Kithure Kindiki says the government will soon publish the names of Kenyans whose passports remain uncollected. Starting next week, Kenyans who applied for…
- Internet advertising will overtake traditional TV revenue from 2026 according to Price Waterhouse Coopers. According to the research, the influence of TV in Kenya in setting the agenda in advertising is slowly fading and will soon die. By 2026, internet advertising in Kenya will be just USD 1.2…
