- Wealth creation is a slow and steady process that involves financial discipline, consistent investing, and smart decision-making. Having wealth means having to think about money less at a later date. The payoff is that you have to give it a bit of thought now. Building wealth doesn’t have to be…
- Teachers who violate the provisions of the Code of Regulations for Teachers and the Teacher Service Commission, TSC, Code of Conduct and Ethics face disciplinary action The Teachers Service Commission, TSC, is mandated with the responsibility of disciplining teachers. Before a teacher is…
- The ousted President of Gabon, Ali Bongo has been “freed” by the military rulers. The ailing leader was disposed of through a coup by one of his cousins Brice Nguema, who also acted as his bodyguard. Nguema was sworn in as Interim President. The military, in a statement issued Wednesday night, says…
- Safaricom remained the most active stock from a turnover perspective, albeit its pricing remained unchanged for the third trading session at 15.10 shillings. Local play drove the KCB price function up 0.2 percent to 23.35 shillings. The lender had a relief rally following its 18-session bear run,…
- Equities Turnover rose by 54.1 percent to 378.6 million shillings up from 245.7 million shillings the previous trading day (Tuesday). Local investors were the dominant players on the day. They accounted for c. 56 percent of the total market turnover. Foreign investors remained bearish on key blue…
- The Aga Khan University Hospital has commissioned a biomass boiler to power its heating system, abandoning diesel as the source of energy for the boiler. The biomass facility will reduce the hospital’s annual consumption of diesel by 860,000 liters. The utilization of briquettes and other waste…
- The Kenya National Examination Council (KNEC) releases the dates for the administration of Competency-Based Assessments (CBA) for Grades 3, 4, 5, and 7 will be in October 2023. The students already did their projects and practicals from 6th June to 10th August when it ended. The assessments…
- Africa is a sleeping giant in renewable energy potential, with only seven percent of its vast geothermal, wind, and solar energy potential currently being used. This is despite a huge percentage of the population (4 out of 5) yet to be connected to a power grid. It also lags behind the globe when…
- Unity Homes, a leading affordable housing developer, has announced a partnership with Absa Bank Kenya to allow potential home buyers to acquire houses in Tatu City through the affordable housing financing scheme. The collaboration will see Absa Bank provide Kenya Mortgage Refinancing Company (KMRC…
- The total number of children in Kenya displaced within the country by climate-induced disasters increased sevenfold last year, said Save the Children, as policymakers meet this week in Nairobi to discuss solutions to the climate crisis at the Africa Climate Summit. Based on analysis of data from…
- OPPO, a leading global smart devices brand, has today launched its newest additions to its Reno series in Kenya. OPPO introduced its first-ever telephoto portrait camera to the Reno10 series, and it is also the first time a telephoto portrait camera made its way to its segment. In addition to a…
- Opera is launching its free data campaign in Ethiopia. Partnering with the Kenyan telecommunications company Safaricom – which recently entered the Ethiopian market – the move follows Opera’s strategy of fostering increased internet access across the African continent. Free data campaigns have been…
- The August Stanbic Bank Kenya PMI pointed to a slight improvement in the health of the private sector for the first time in seven months, as output and new orders returned to expansion territory amid greater political stability. Job creation accelerated and purchasing activity picked up, whilst…
- Devki Group has taken the lead in reducing its carbon footprint with a 4MWp rooftop solar plant deployed at the Ruiru Devki Steel manufacturing site, installed by Distributed Power Africa (DPA) Kenya Limited. The move will also make Devki’s operations sustainable, allowing for greater efficiency,…
- The TSC Act 2012 requires that every trained teacher be registered by the Teachers Service Commission before they can be assigned duties in any school in Kenya, be it a private or public school. To back this TSC act, the Ministry of Education released a directive to all county commissioners to…
- The Public Service Commission (PSC) has announced 1,000 paid internships in the Information Technology Department for Basic Education under the Digital Literacy Program. On Tuesday, 5th August, PSC said those interested in the internship opportunity should make their application before September 25…
- Here is a summary of the trading stats for August 2023 at the Nairobi Securities Exchange. This data is courtesy of Standard Investment Bank (SIB). For the top movers of the month, Safaricom took the lead accounting for a total turnover of 32 percent followed by Equity Group with a turnover of 26.7…
- With so many smartphones in the market, and with players releasing new devices almost daily, finding the perfect device is akin to discovering a hidden treasure. It’s not just about making calls or sending texts anymore; it’s about capturing memories, staying connected, and keeping up with the fast…
- Google has announced that Alex Okosi, currently Managing Director for YouTube in EMEA Emerging Markets, will take on the role of Managing Director for Google in Africa. In his new role, Okosi will be responsible for Google’s operations in Africa including programs to help businesses and economies…
- As the world changes in terms of technology, and as many within and without Kenya embrace sustainability and practices that are friendly to the earth, LG Electronics has been stepping up to the plate, taking center stage as a global leader in sustainability and environmental initiatives. The tech…
- Equities Turnover declined by 88.0% to KES 128.2Mn down from KES 1,533.3Mn the previous trading day. Local investors were the dominant players on the day. They accounted for c. 62% of the total market turnover. Foreign investors remained bearish on key blue chips to print net outflows of KES 51.…
- BAT snapped its mini-rally, retreating 0.5% to KES 418.00 on profit taken largely by foreign players. Equity Group was the subsequent top mover, extending its bear run by 0.9% to KES 38.10 on bearish foreign sentiments. Safaricom remained unchanged at KES 15.10. Centum was the leading laggard in…
- The mandatory retirement age for teachers is currently 60 years and 65 years for those living with disabilities. However, the parliamentary committee is considering reducing the mandatory retirement age from the current 60 years to 55 to give young people an opportunity to be employed in the public…
- Kenyan Counties are set to receive Kshs. 7.387 billion Climate Resilience Investment Grants from the Financing Locally-Led Climate Action (FLLoCA) Program. The disbursement comes after a total of Kshs. 979 million institutional strengthening grants were already disbursed to counties last financial…
- Stock Market Weekly equity turnover gained by 282.5% w-o-w to close at USD 12.15 MN (KES 1.77 BN). NSE 20 gained by 1.1% w-o-w to close at 1,538.64, while NASI eased by 1.3% w-o-w to close at 98.14. Foreign investors assumed a net selling position by accounting for 14.99% of total market purchases…
- In Kenya, the demand for short courses has been steadily rising, as individuals seek to enhance their skills and employability in a competitive job market. Short courses provide a quick and efficient way to acquire specialized knowledge and skills without the time and financial commitment required…
- As Kenyans continue to feel the pain of the high cost of living, prices of common commodities have continued to spike despite efforts by the government to try and maintain them. Coupled with higher taxes, failed rains, as well as the high cost of doing business, it seems millions of Kenyans will…
- The Blockchain Association of Kenya (BAK) has filed a petition before the High Court of Kenya challenging the legality and constitutionality of the Digital Asset Tax (DAT) introduced by the Finance Act 2023. The Digital Asset Tax (DAT), introduced and passed as part of the Finance Bill 2023,…
- Starting a business today in the ten most high-demand businesses is likely to not only be successful ten years from now but also grow quickly and make significant profits. Any entrepreneur who wants to set his or her business dynasty in the market or industry would primarily look out for the growth…
- Seiko Epson Corporation has established a new sales company, Epson Middle East FZCO [EME], reflecting the tremendous potential to accelerate expansion in key markets including Africa, Caucasus, Central Asia, the Middle East, Moldova, Türkiye, and Ukraine, centrally managed from a regional office in…
- Safaricom maintained its downturn, shedding 2.6%w/w to KES 15.10 on sustained foreign selling. The same fate befell Equity Group and KCB investors as the lenders lost 2.7%w/w to a two-month low of KES 38.45 and 1.5%w/w to KES 23.45 (still an over 6.5yr low) respectively on bearish local sentiments…
- As the sun rises on Kenya’s economic landscape, businesses across the country are presented with a golden opportunity to cut costs and contribute to a greener, sustainable future in line with protecting the earth we need. Rooftop solar power is emerging as a game-changer for Kenyan companies…
- The Government is working towards setting up bulk LPG import handling and storage facilities at the Kenya Petroleum Refineries Limited (KPRL) facility in Mombasa County, soon after Kenya Pipeline Company (KPC) fully takes over KPRL. The Energy & Petroleum Cabinet Secretary Mr. Davis Chirchir…
- Starting September 1st, the second phase of three new taxes introduced by the contentious Finance Bill Act 2023 is set to take effect reverberating across several industries and sectors. Kenyans will be required to pay a tax of 3 percent on the revenue they make by selling a digital asset According…
- Paint manufacturer Crown Paints (Kenya) Plc has appointed Richard Muturi as the Group Chief Operating Officer (COO), effective 15th August 2023. Muturi has over 27 years of experience in the fast-moving consumer goods and logistics industry and has served in diverse leadership roles, culminating in…
- Security is a key concern for Kenyans because we have paid the price with hundreds killed because of terrorism and this has made us very sensitive to our issues touching on security. In the recent past, more Kenyans have been killed by Al-Shabaab in Lamu and other parts of Kenya. This has…
- Teachers residing in rural areas are poised to experience significant benefits from the latest salaries and allowances review. According to the Teachers Service Commission (TSC) new salary structure not only entails a salary increase ranging from 2.4 percent to 9.5 percent starting this month, but…
- Britam jumped 4.6 percent to 5.42 following a four-fold jump in EPS to 0.65 shillings on a 33.8 percent y/y jump in insurance revenue as well as a 26.8 percent y/y climb in investment income. Unprecedentedly, ILAM Fahari I-REIT was the top traded counter, declining 7.9% to KES 8.36 following its…
- Exchange Rate Performance USD|KES: KES weakened by 0.10% to close at 145.41 (-17.86% year-to-date). GBP|KES: KES weakened by 1.05% to close at 184.64 (-24.36% year-to-date). EUR|KES: KES weakened by 1.18% to close at 158.69 (-20.89% year-to-date). Read Also: Pips in Forex: The Essential Guide For…
- Turnover rose marginally by 3.4 percent to 151.6 million shillings up from 146.6 million shillings the previous trading day. Local investors were the dominant players on the day. They accounted for c. 55 percent of the total market turnover. Foreign investors remained bearish on key blue chips to…
- New technologies like cloud computing, artificial intelligence (AI), mobility, and the Internet of Things (IoT) are now ingrained in our lives making it imperative for companies to either stay ahead of the curve or risk missing out on the massive potential to transform their customer experiences (…
- Uber has announced the launch of Electric Boda in Kenya, a first for Uber in Africa, and a significant milestone in sustainable mobility on the continent. The launch of electric motorcycles offers an affordable, comfortable, and reliable means of mobility within the city, as well as a zero-emissions…
- New technologies like cloud computing, artificial intelligence (AI), mobility, and the Internet of Things (IoT) are now ingrained in our lives making it imperative for companies to either stay ahead of the curve or risk missing out on the massive potential to transform their customer experiences (…
- The Teachers Service Commission, TSC, established three Secondary School Principals’ grades in the 2018 Career Progression Guidelines. In the Circular the three promotional grades for Secondary Schools’ Principals are: Principal (T- Scale 13), Senior Principal (T- Scale 14), and Chief Principal (T…
- WOJO, a global leader in providing innovative co-working solutions, has revealed its plans to establish a strong presence in Kenya, setting foot in a fast-expanding industry. The expansion marks a significant milestone in WOJO’s journey, as it seeks to bring its world-class co-working spaces to one…
- Maya Angelou in her book, ‘All God’s Children Need Traveling Shoes…’ said that the ache for home lives in all of us. The safe place where we can go as we are and not be questioned. The need to have a home that is secure and peaceful. This is the dream, hope, and desire that […]
The post The Enemy…
- Data centers in Kenya, much like the rest of the world, have become an integral part of the digital ecosystem, often likened to the “fifth utility.” With rapid technological advancements like AI, cloud computing, and the IoT taking root in Kenya’s burgeoning tech landscape, there is a heightened…
- BK Group has reported a 30.3 percent jump in half-year net profit to KES4.4 billion, driven by strong growth in interest and transaction income. The Rwanda Stock Exchange and Nairobi Securities Exchange-listed lender reported a 22.5 percent growth in total revenue to KES12.9 billion, reflecting a…
- Integrated financial services firm, Britam Holdings Plc, has today announced a profit before tax of Kshs 2.38 billion for the half-year period ending 30 June 2023. The profit almost triples the Kshs 812 million recorded in the same six-month period ended 30 June 2022. This is the Group’s first set…
- In the present world where innovation and collaboration are the twin pillars of progress, Kenya is carving its name in the chronicles of modern work culture with the rise of co-working spaces. The culture of having “corner” offices is slowly fading and more and more Kenyans have awakened to the…
