- Just like those lumbering trash haulers that roam the streets of Nairobi, some people are like garbage trucks. They walk around full of trash, looking for someone to dump it on. Sometimes, they will choose you as their target and when they do, you have to understand. You’re walking down the…
- Exchange Rate Performance USD|KES: KES weakened by 0.09% to close at 144.04 (-16.75% year-to-date). GBP|KES: KES weakened by 0.22% to close at 183.55 (-23.63% year-to-date). EUR|KES: KES strengthened by 0.13% to close at 157.23 (-19.78% year-to-date). Read Also: Kenyan Shilling Sinks Further, Hits…
- COP28 President-Designate Dr. Sultan Al Jaber has addressed the nineteenth session of the African Ministerial Conference on the Environment (AMCEN), sharing his vision and priorities for COP28, especially the need for adaptation financing and acceleration of the energy transition. A key partner to…
- The Co-operative Bank of Kenya’s profit after tax for the half year ending June grew to 12.1 billion shillings, a rise from 11.5 billion shillings in a similar period last year. “The Co-operative Bank Group continues to pursue strategic initiatives that focus on resilience and growth in the various…
- The Nairobi Securities Exchange-listed paint firm Crown Paints Kenya today morning partnered with Safaricom Sacco Ltd, in a strategic move as the paint firm seeks more innovative ways of bolstering its sales numbers. Crown Paints Chief Executive Officer Dr. Rakesh Rao said over 15,000 Sacco…
- Across Africa, educators and institutions are confronting the pressing need to transform the education sector and offer critical 4IR skills development to students. Kenya appears to be leading this revolution, with President Kenyatta announcing last year that coding as a subject would be added to…
- Smallholder Farmers in the dairy and horticulture value chains in Kenya can now access green financing from Faulu Microfinance Bank. This follows the signing of a partnership between the bank and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) as part of the Sustainable Energy for…
- Hundreds of families gathered in the West Darfur capital of El Geneina on June 15, plotting their escape from what had become a hellscape of blown-out buildings scrawled with racist graffiti and streets strewn with corpses. The state governor had just been executed and mutilated by Arab militia…
- In the last decade, technology has disrupted countless businesses’ models and the speed of these disruptions keeps growing by the day. According to Forbes, technology has grown exponentially over the last century, and the speed at which reliable and stable industries are disrupted is indisputable.…
- The government has made changes to the entry requirements for teacher training colleges (TTCs). Earlier, students were required to have a C (Plain) grade in mathematics, English, and Kiswahili, along with a C in both a science and humanities subject, to qualify for primary school teacher training.…
- The END Fund, a leading collaborative philanthropic fund dedicated to ending neglected tropical diseases (NTDs), announced the appointment of Tsitsi Masiyiwa as Board Chair. She succeeds William (Bill) Campbell, appointed in 2012 as the inaugural Board Chair by the organization’s founders, Legatum…
- M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia. In preparation for launch, M-PESA has undergone a rigorous three-month pilot and testing, completed the technical readiness…
- In an era where digital transformation is reshaping industries across the globe, the banking sector is no exception. When Absa Bank Kenya announced that it had waived charges on SMS and E-statements, it set a new standard for customer-centricity within the banking sector. The truth is,…
- The Teachers Service Commission (TSC) is the agency that is tasked with the responsibility of managing human resources in the education sector. Every year, universities release thousands of graduate teachers to the job market with the hope the employer, Teachers’ Service Commission, TSC, will…
- Erick Asuma, Co-founder and the current Chief Executive Officer (CEO) of Hisa has stepped down from his position. Hisa has announced Eric Jackson, who was previously leading the product and innovation team, as the new CEO, effective immediately. Eric Jackson brings a wealth of experience to his new…
- In a world where uncertainty is a constant companion, protecting your assets and investments has never been more crucial. In pursuing financial stability and security, understanding the intricacies of bonds is invaluable. Here, we unravel the mysteries of bonds and shed light on how Xplico…
- In a move that might transform Kenya’s retirement and pension field and catapult it to the next level, the National Social Security Fund (NSSF) has announced that it plans to pay members benefits in one day and not on different dates. Speaking while hosting news editors under the Kenya Editors…
- The much-needed but rarely-found bee venom honey is now found in Kenya, stocked by Savannah Honey, sighing relief to millions of Kenyans who often look for it for the massive medicinal value that it carries with. Been venom is a colorless acidic liquid that bees often excrete through their stingers…
- As the Kenyan banking sector continues to evolve, and as technology continues to sweep within and without the country, NCBA Bank has taken it a notch higher by enhancing its NCBA NOW with new features that now allow Kenyans to file their tax returns. In a statement sent to all their customer’s via…
- In a digital age where innovation whizzes past like a caffeinated cheetah, Busha Kenya stands tall as Kenya’s crypto oasis, where financial dreams are turned into reality with a dash of digital dazzle. In a land where the Big Five are no longer just safari sensations but also Bitcoin, Ethereum,…
- In the fast-paced world of automotive innovation, the NCBA-KMI Motor Show emerges as more than just a gathering of sleek cars and cutting-edge vehicles. Already, more than 20 automotive and ancillary brands have confirmed to take part in the much-awaited motor show scheduled for September 17, 2023…
- In the vibrant tapestry of Kenya’s economy, Small and Medium-sized Enterprises (SMEs) hold a pivotal role. These dynamic and agile entities are the backbone of innovation, employment, and economic growth. However, beneath their tenacious spirit and enterprising aspirations lies a complex web of…
- Equities Turnover Turnover declined by 71.0% to KES 134.4Mn down from KES 462.9Mn the previous trading day. Foreign investors were the dominant players on the day. They accounted for c. 56.4% of the total market turnover. Foreign investors turned bullish on key blue chips to print net inflows of…
- Safaricom reclaimed the top mover position, at 33.1% of turnover though remained unchanged. BAT followed closely at 32.2%, extending its slide by 1.1% to KES 430.00 on a foreign block trade. The firm’s dividend book closure is on Friday. Williamson Tea featured in the top movers’ list, dropping 2.1…
- Amidst a tough operating global macro environment characterized by stubbornly sticky high inflation, high-interest rates, volatile exchange rates, and devaluation of emerging economies currencies, Equity Group has announced 2023 half-year results that reflect resilience. The Group registered a…
- On 14th August, the Higher Education Loans Board (HELB) clarified how the organization will release funds to more than 2,000 students who applied for funding but did not have National Identity cards. Chief Executive Charles Ringera issued a statement, stating that the money will be withheld until a…
- The Energy and Petroleum Regulatory Authority (EPRA) has announced the fuel prices for the period of August 15 to September 14. In a statement released on Monday 14th August, EPRA Director General Daniel Bargoria said that the prices of Super Petrol, Diesel, and Kerosene will remain unchanged. “…
- Teachers and civil servants will soon enjoy a pay rise of between 7 percent to 10 percent spread over two years (two phases) and backdated from 1st July 2023. On 13th August, the Salaries and Remuneration Commission (SRC) released additional information on the number of allowances to be affected by…
- Isuzu East Africa’s Drivers Academy today held its fifth graduation that saw over thirty-seven (37) truck drivers get certified including seven (7) women from the Bamburi Cement Program – Women on Wheels (WoW). The program is a collaboration between Isuzu EA and Bamburi Cement. The move is geared…
- Galana Kulalu, August 12, 2023…Twiga Foods intends to expand the irrigated acreage at the Galana Kulalu Food Security Project (GKFSP) by up to 20,000 acres. This expansion is expected to result in an annual maize production of 2 million bags. The expansion of Twiga Foods’ farming of over 20,000…
- Safaricom Foundation has hit 20 years since it was officially launched on 14th August 2003. Since its inception, the Foundation has invested over KES 5 billion in more than 4,000 community projects, directly impacting over 8 million Kenyans across all 47 counties in the areas of education, health,…
- Kenya Orient Life Assurance Limited has received approval from the Retirement Benefits Authority (RBA) to manage NSSF tier II contributions through the Kenya Orient Individual Pension Plan and Umbrella Pension Scheme. This nod comes following the amendment of the NSSF Act No. 45 of 2013 where Tier…
- Employers have been urged to invest in their workforce and adapt to skill sets to match the changing job landscape. Speaking during the opening ceremony of the Zamara Regional Summit, Sally Mahihu, Chairperson, of Kenya Investment Authority (KenInvest) emphasized the need for aligning talent with…
- After setting new industry benchmarks in Premium Economy travel, Emirates is celebrating a banner first year of full-service operations with the highly popular cabin class. Over 160,000 customers have traded up to fly in Emirates Premium Economy since it was introduced in August 2022, with strong…
- According to research carried out by Insider, published by Yahoo Finance, Kenya is among the top unsafe Country to live in. The Country has been ranked among the top 30 dangerous countries in the world in 2023. Kenya was ranked 25th position globally, two places below South Sudan, which has been…
- Nursing is a noble profession that holds society’s healthcare system together. In recent years, the demand for skilled nurses has surged, prompting countries worldwide to recognize the need for competitive compensation. As a result, several nations have become hotspots for nurses seeking both…
- founders Factory Africa has secured an additional $114 million in funding to scale its model to better serve founders across the African tech ecosystem. The additional support from the Mastercard Foundation and Johnson & Johnson Impact Ventures, an impact fund within the Johnson & Johnson…
- Paymentology, the leading global issuer-processor, today announces its partnership with Kenyan Technology Company, Boya. Together with Kenyan Tier 1 Bank, Diamond Trust Bank, and Paymentology, which connects Boya to Visa through its card issuing platform and provides enhanced data analytics…
- Safaricom (NSE: SCOM) is set to increase M-PESA account limits to KSh. 500,000 following approval from the Central Bank of Kenya. The higher account limit will be effective from Tuesday 15th August 2023 for all M-PESA customers. “We appreciate the role that the Central Bank of Kenya has played by…
- Huawei Kenya is ramping up learners’ access to the Internet by extending the connectivity to children with special needs. Initially, 6 special needs schools will be linked to the national fiber optic cable in the second phase of the Digischool program which targets to cover a total of 16 primary…
- Huawei has set its sights on the hospitality industry in a move that will see players cut operational costs by up to one-tenth. This comes amid a rising expansion of the industry, with Kenya’s registering a marginal increase in business and tourist travel with the former comprising 60 percent of…
- OpenAI, the company that owns and runs ChatGPT may go bankrupt by the year 2024 if it continues burning cash in the running of ChatGPT according to a report by Analytics India Magazine. The Magazine says it costs USD 700,000 to run ChatGPT daily. Although OpenAI has been trying to monetize ChatGPT…
- KCB Bank Kenya and Swedish International Development Cooperation Agency (SIDA) have rolled out a Kshs. 1 Billion guarantee scheme that will go towards de-risking SMEs in their efforts to access credit and support their growth ambitions. The 7-year guarantee facility will enable the bank to…
- The COVID-19 pandemic heralded unprecedented disruption that permanently redefined our post-2019 concepts of business ‘normalcy’. Among the worst affected were Micro, Small, and Medium Enterprises (MSMEs) that struggled to adapt to the new normal, requiring a robust disaster preparedness strategy…
- During the week, the Kenya Shilling depreciated by 0.4 percent against the US dollar to close the week at 143.6 shillings from 142.9 shillings recorded the previous week. On a year-to-date basis, the shilling has depreciated by 16.3 percent against the dollar, adding to the 9.0 percent depreciation…
- During the week, T-bills were oversubscribed for the first time in three weeks, with the overall subscription rate coming in at 199.7 percent, up from an undersubscription rate of 47.1 percent recorded the previous week. Investors’ preference for the shorter 91-day paper persisted, with the paper…
- StarTimes Media has concluded a two-month competition campaign dubbed Buy, Recharge, and Win promotion and announced grand winners of weeks 7 and 8. The promotion commenced on the 15th of June 2023 and ended on the 11th of August 2023. Marking two months campaign aimed to mark the company’s 35…
- On 8th August, the Salaries and Remuneration Commission (SRC) gazetted new salaries and allowances to be paid to teachers, civil servants, and other state officers. The SRC gazetted the new salaries so that government departments which include TSC and Public Service Commission (PSC) can implement…
- Exchange Rate Performance USD|KES: KES weakened by 0.09% to close at 143.58 (-16.38% year-to-date). GBP|KES: KES weakened by 0.31% to close at 183.25 (-23.42% year-to-date). EUR|KES: KES weakened by 0.51% to close at 158.31 (-20.61% year-to-date). Read Also: People Who Become Temporarily Insane…
- Equities Turnover declined by 33.3% to KES 227.2Mn down from KES 340.9Mn the previous trading day. Foreign investors were the dominant players on the day. They accounted for c. 68.8% of the total market turnover. Foreign investors remained bullish on key blue chips to print net inflows of KES 3.…
