- Kazi Mtaani is a national initiative that was launched in April 2020 to cushion the most vulnerable and able-bodied youth in informal settlements from the effects of the COVID-19 pandemic. The project utilizes labor-intensive approaches to create sustainable public goods in the urban development…
- Equity Bank has signed an ambitious Customer Business Agreement with Mastercard, aimed at giving customers a broad range of benefits from a wide selection of Mastercard payment solutions ranging from World and World Elite cards, corporate cards, and virtual cards. In addition, customers will be…
- Google has revealed that searches for artificial intelligence, or AI, are at an all-time high in Kenya. Search trends show that people have searched for AI more than ever in 2023 so far, with interest rising 270% since last year – and 400% over the last five years. Searches for “How to use…
- Sophos, a global leader in innovating and delivering cybersecurity as a service, today released findings on a major shā zhū pán (pig butchering) operation utilizing fake trading pools of cryptocurrency (liquidity pools) to steal more than $1 million. The report, “Latest Evolution of ‘Pig Butchering…
- On Monday 18th September, Education Principal Secretary, Belio Kipsang said that the Ministry of Education is planning to change the grading structure of the Kenya Certificate of Secondary Education (KCSE) examinations to reflect the dominant aptitudes and interests of learners. According to…
- Kenyan Defence Forces (KDF) helicopter has crashed in Lamu killing an unknown number of personnel who were on board during a routine patrol according to the announcement made on Tuesday In a statement, KDF identified the plane that crashed as a Huey Helicopter but did not reveal the number of…
- Exchange Rate Performance USD|KES: KES weakened by 0.08% to close at 146.91 (-19.07% year-to-date). GBP|KES: KES strengthened by 0.05% to close at 182.29(-22.78% year-to-date). EUR|KES: KES weakened by 0.02% to close at 156.62(-19.31% year-to-date). Read Also: Here Is How To Make Money On X Without…
- The Teachers Service Commission, TSC, developed four (4) promotional grades for Senior Master’s posts in secondary schools. The four Senior Masters’ grades are Senior Master IV (T- Scale 9), Senior Master III (T- Scale 10), Senior Master II (T- Scale 11), and Senior Master I (T- scale 12). Senior…
- Turnover declined by 53.7% to KES 39.8Mn down from KES 85.8Mn the previous trading day. Domestic investors were the dominant players on the day. They accounted for c. 78.7% of the total market turnover. Foreign investors turned bearish on key blue chips to print net outflows of KES 13.9Mn in the…
- Safaricom was the day’s top mover – accounting for 56.8% of the trading activity albeit shedding 1.0% of its share value to close at KES 15.60. StanChart and KCB were the only top movers to gain in the day, printing 0.9% and 0.4% returns on the back of local trading. The latter rebounded as…
- The European Central Bank (ECB) raised its interest rates this week by 25 basis points to 4.50%. ECB President Lagarde hinted that: (a) the central bank has hit “peak rates” and, (b) they’ll keep their interest rates high for a long period. Read Also: Full List Of Top Losers, Gainers And Movers…
- Karabondi FC, alias the Dark Horse, has been named the Homa Bay County champions after beating the home team, Mbita High School, 1-0 in a hard-fought match played on Sunday at the Wakiaga Polytechnic Grounds. Karabondi secured their win with a penalty kick in the 23rd minute, expertly taken by…
- Kenyans are enterprising people. They are always eager to make an extra coin through entrepreneurship, savings, and investments in various fields including farming and trading. The entrepreneurial nature of Kenya has always driven them to the most uncharted waters such as the much-talked-about…
- The Global Africa Business Initiative (GABI), the leading platform for promoting business, trade, and investment across the continent, is pleased to announce the lineup for its flagship event ‘Unstoppable Africa’ on 21-22 September 2023. The two-day event, to be co-convened by the African Union on…
- The Salaries and Remuneration Commission (SRC) has reviewed more allowances for removal in its push to harmonize public sector pay. The latest review, which marks the third phase of the review of allowances, is expected to involve employing institutions. According to the SRC, the payment of the…
- NCBA has today opened its new Migori branch at Val Plaza, in Migori Town, Migori County. This is in line with the bank’s continued strategy to scale up its network of branches and bring services closer to customers in regions across the country. The branch opening was inaugurated by the Migori…
- Listed local electrical cables and conductor manufacturer East African Cables has lauded growing support for local manufacturers from Kenya Power as part of a strategy to enhance reliable electrical power distribution. According to East African Cables Chief Executive Officer Mr Paul Muigai, Kenya…
- Retirement. The word often conjures images of golden sunsets, sandy beaches, and the sweet relief of never having to set an alarm clock again. It’s a time when the daily grind gives way to endless possibilities, a chance to live life on your terms. But here’s the catch: retirement is inevitable,…
- Kenyans living in the US stand to gain from a new banking product that allows users to earn interest and pay reduced fees on international remittances. The new product dubbed Sendwave Pay was recently launched by digital remittance company Sendwave. The new solution provides existing Sendwave users…
- Liquidity conditions improved in the week, as the cost of funds in the money market declined to an average of 12.1%, from 12.4% recorded the previous week. The performance was supported by a return in government inflows as receipts outweighed settlements. However, the average traded volumes fell 26…
- The market closed in the green for the second consecutive week, inching up 0.2%w/w on the price gain of some large caps. Conversely, the other benchmark indices closed in the red, led by the NSE 20, down 0.7%w/w, N10 retreated 0.4%w/w while the NSE 25 edged 0.2%w/w lower. Equity turnover eased 3.8%…
- In today’s fast-paced business environment, machinery is the backbone of productivity. Whether you run a small bakery, a large manufacturing plant, or a cutting-edge tech company, you rely on machines to keep operations running smoothly. However, the unexpected can happen, and machinery breakdowns…
- Technology has changed virtually everything within and without the banking sector, within and without Kenya. Initially, banks all over the world were dominated by brick and mortar. People visited banking halls for simple things like checking their bank balances. Then technology came. On top of it,…
- NCBA – KMI Motor Show kicked off on Friday by selling out all exhibitor stands through partnering with over 20 car dealerships and auxiliary brands. The exhibitors include Kingsway Tyres, Silverstone, Inchcape, Subaru, AutoXpress, Salvador, Tireworld, GB Motors, Crown Motors, Tata International,…
- The National Transport and Safety Authority (NTSA), in a bid to combat the number of road fatalities, listed the traffic offenses that could get you in trouble with the law. Accidents are a major challenge on Kenyan roads with cases of fatalities being reported every single day. Every driver,…
- A body to oversee and speed up the rollout of the adoption of a new internet addressing has been set up. The Kenya Internet Protocol Version 6 (IPV6) Council will be responsible for driving the country’s overall uptake of devices and internet connections to homes and enterprises in line with the…
- A Unit Trust Fund is the main type of Collective Investment Scheme in Kenya. It allows investors sharing the same financial objective to pool their money and invest in a diversified portfolio of assets, managed by a professional fund manager or investment company. In a Unit Trust, investors…
- Safaricom Chapa Dimba heads to Nyamira, Kisumu, Homa Bay, and Migori this weekend for the Nyanza County finals following last weekend’s events in Siaya and Kisii counties. The upcoming finals will feature 16 teams from the four counties, eight boys’ and eight girls’, all competing fiercely to win…
- University students will have to wait a little bit longer for loans as the Higher Education Loans Board (HELB) has yet to release funds to both new and continuing students in institutions of higher learning. According to HELB CEO Charles Ringera, the Ministry of Education is following up on the…
- The Higher Education Loans Board, HELB, has opposed the proposed amendment Bill 2023 sponsored by Machakos MP Joyce Kamene that seeks to ease the financial load on fresh graduates. The Bill proposed to reduce the financial burden on recent graduates who are expected to pay large sums of money to…
- The Bill & Melinda Gates Foundation today released its seventh annual Goalkeepers Report, describing where the world has collectively fallen short at the halfway point for achieving the United Nations Sustainable Development Goals (SDGs). “By making innovations accessible to those who need them…
- For the first time in history, fuel prices in Kenya have moved past 200 shillings per liter. Super Petrol, Diesel, and Kerosene all moved up by as much as 20 shillings, hitting an all-time high since Kenya got independence with Kenyans set for more wailing. This means that a liter of petrol, diesel…
- The Shangazi Power Network held its first successful training session with a rallying call for women within and without activism to come out, tell their stories, and air their views without fear of intimidation. Shangazi, a Swahili term that means “aunty” is currently used amongst women who are…
- If you have applied for a Teacher Service Commission, TSC, job recently and you are wondering how to check your TSC Job Application Status Online, well. You have no reason to worry. Many teachers seeking government employment faced great disparity before TSC was established in remuneration. As a…
- Samsung Electronics today announces a new promotional package that is designed to ensure customers enjoy the ultimate customization and functionality that speaks to their lifestyle. The curated package of Samsung’s popular Bespoke range of home appliances invites consumers to style their homes…
- As photo and video content has transformed the way we communicate with each other, today’s smartphone users expect more out of the camera on their phones. In response to this, smartphone brands have been constantly exploring new ways to create powerful and smart features that turn everyone into a…
- In today’s ever-evolving financial landscape, the pursuit of passive income and long-term financial security has become a top priority for many individuals. Fortunately, there are effective avenues for achieving this goal, and two prominent options are money market and bond funds. In this article,…
- It is in the middle of the month. As an SME, you haven’t paid your employees. They become demotivated. Some come to work. Some just hanging in there, hungry and angry. Your output starts to drop by the day. Employees continue to become angry. Read Also: The Devastating Impact of Delayed Payments: A…
- Safaricom was the most active stock from a turnover vantage point, with a print of KES 122.7m – c. 47.0% of the day’s turnover. Its price shed 0.3% to close at KES 15.30 on the back of foreign exits. NMG was a surprise top mover. It traded 160.8k shares in the day at a volume-weighted […]
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- Old Mutual Kenya (OMK) has opened a second full-suite branch in the coastal city of Mombasa, as part of a business strategy hinged on providing integrated solutions addressing customers’ financial needs at different points in their lives. The new office in Mombasa will offer clients a wide array of…
- The entertainment landscape keeps on evolving, not just in Kenya but around the world too. In the middle of all this evolution, one company has consistently pushed the boundaries of what’s possible, transforming the way we experience our favorite movies, TV shows, and games. That company is LG, and…
- Three Hundred Kibo motorbike riders yesterday took part in a challenging 90-kilometre, six-hour challenge from Nairobi to Naivasha in what was the biggest corporate ride in Kenya aimed at providing riders with an unforgettable, challenging but ultimately rewarding experience. The event dubbed “Ride…
- In the dynamic world of global trade, sub-Saharan Africa holds tremendous potential and abundant opportunities, much of it untapped. I’ve had the privilege of experiencing firsthand the crucial role that innovation plays in shaping the region’s trade dynamics and driving sustainable growth. With…
- The Teachers Service Commission (TSC) has temporarily suspended teacher transfers and leaves to allow planning and administration of the 2023 national exams. The decision comes as preparations are ongoing on how teachers will invigilate and supervise the Kenya Certificate of Primary Education (KCPE…
- In today’s day and age, college is not the requirement it used to be and there are so many more opportunities to get education in other ways. Some prefer a broader range of experiences over specialized fields. And others thrive outside traditional schooling, chasing unconventional, unexplored ideas…
- Responding to the urgent need to support positive responses to diversity, the Global Centre for Pluralism today announced 10 finalists for the 2023 Global Pluralism Award. Selected from among 200 submissions from 60 countries, Build Up, an innovator in the field of peacebuilding based in Kenya, was…
- Women in East Africa, like in many parts of the world, face numerous challenges when it comes to having their voices heard, amplified, and empowered. These challenges are deeply rooted in cultural, social, and economic factors, making it difficult for women to participate fully in decision-making…
- Technology firms CloudHop and Cloudflare have launched a strategic partnership to provide the distribution of technology solutions that will enhance cyber security using advanced measures to protect digital assets and user data across Africa. During the launch, the CloudHop Chief Executive Officer…
- The much-awaited NCBA – KMI Motorshow is finally here. The iconic motorshow is going down from September 15 to September 17 at Sarit Expo Centre. The organizers, led by NCBA Bank are expecting at least 10,000 Kenyans to attend. The motorshow is making a comeback after four years in the cold. More…
- Car owners in Kenya are about to see strange taxes following a proposal by the National Treasury for them to start paying a Motor Vehicle Circulation Tax. This will be in addition to a wave of taxes and levies imposed by the Kenya Kwanza Government. “There will be a minimum tax amount payable by…
