- Kenyan businesses suffered a marked fall in demand at the start of the third quarter of the year, the latest PMI data by Stanbic Bank showed, as customers continued to rein in spending amid steep inflation. Political protests accelerated the downturn, according to surveyed firms, leading to a sharp…
- That Preacherman said Mnachopigana nacho hamkijui! Kitawaramba! and is just what is about to happen to millions of Kenyans, courtesy of the Finance Act 2023 that seems to be taking full force after the ruling of the Court of Appeal. The Court of Appeal suspended the orders that had been issued to…
- Uber and Safaricom (NSE: SCOM) have launched a partnership that will see riders across Kenya pay for trips through M-PESA. This follows a collaboration with UberEats that allowed consumers to pay for deliveries through M-PESA and delivery people to also receive their earnings through M-PESA. The…
- The Teachers Service Commission (TSC) is set to hire pastors and Imams in schools in order to promote Value-based Education (VbE), according to the proposals of the Presidential Working Party on Education Reforms. President William Ruto received the report on Tuesday, August 1, where stakeholders…
- The journey to finding a business idea that leads to riches is not easy. Many people have multiple ideas over each day and most of them aren’t put into practice. What separates those who succeed from those who never quite make it is the steps they take to turn the idea into income. While no […]
The…
- On the latest Marketplace Africa, Afreximbank President Benedict Okey Oramah speaks to CNN’s Eleni Giokos about how the bank plans to help fund the continent’s industrialization goals. Oramah says that Africa “should be a banker’s paradise”, but that it isn’t, “because of two things. The banks that…
- In the ever-chaotic world of cryptocurrencies, investors find themselves riding a rollercoaster of exhilaration, uncertainty, and occasional heart palpitations. It’s like trying to tame a digital dragon while blindfolded – one moment you’re soaring high on the wings of a bullish trend, and the next…
- Sophos has released new findings on CryptoRom scams—a subset of pig butchering [shā zhū pán] schemes designed to trick users of dating apps into making fake cryptocurrency investments—in its latest report, “Sha Zhu Pan Scam Uses AI Chat Tool to Target iPhone and Android Users.” Since May, Sophos X-…
- All teachers wishing to continue teaching in primary and secondary schools will be required to retake fresh training to align themselves with the demand of the new Competency-Based Curriculum (CBC). This is part of the recommendation of a draft report by the presidential working party on education…
- Equities turnover rose by 174% to KES 182.4Mn up from KES 66.6Mn the previous trading day. Local investors were the dominant players on the day. They accounted for c. 50.2% of the total market turnover. Foreign investors turned largely bullish on key blue chips to print net inflows of KES 31.38Mn…
- On August 1st, the Higher Education Loans Board (HELB) issued new loan application guidelines for continuing students at universities and Technical and Vocational Education and Training (TVET). HELB explained that select students should apply through the HELB app or USSD Code *642#. Since the app…
- If you’re reading this, there’s a very good chance you’re already familiar with the acronym ESG. Standing for “environmental”, “social”, and “governance”, it’s a constantly evolving standard that emphasizes the importance of doing business in a way that positively impacts the environment, society,…
- Sleuths from the Directorate of Criminal Investigation (DCI) are in hot pursuit of the organizers of Worldcoin that had swept across the country, attracting thousands of Kenyan youth who have been spending the nights in the cold to be registered. The sleuths visited City Hall on Tuesday to get…
- Mabati Rolling Mills (MRM), a leading manufacturer of Building Solutions and a member of the Safal Group®, is delighted to announce the commencement of the Safal Eye in the Wild Photography Competition 2023. The competition, which will run from 28 July to September 15, 2023, aims to ignite…
- 𝑪𝑺 𝒇𝒐𝒓 𝑾𝒂𝒕𝒆𝒓 𝑯𝒐𝒏. 𝑨𝒍𝒊𝒄𝒆 𝑾𝒂𝒉𝒐𝒎𝒆 presided over the grand opening of the Wilo East Africa Assembling plant in Nairobi. The Wilo Group is a 𝙢𝙪𝙡𝙩𝙞𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮 𝙜𝙧𝙤𝙪𝙥 𝙖𝙣𝙙 𝙤𝙣𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙’𝙨 𝙡𝙚𝙖𝙙𝙞𝙣𝙜 𝙥𝙧𝙚𝙢𝙞𝙪𝙢 𝙨𝙪𝙥𝙥𝙡𝙞𝙚𝙧𝙨 of pumps and pump systems for building services, water management, and the…
- In a world where every saved shilling is a victory won and every spared fee is a step closer to success, Absa Bank Kenya has emerged as the SMEs’ digital fairy godmother, waving her wand and making those pesky fees and charges on SMS and E-statements disappear in a cloud of ones and zeroes. But…
- From Nairobi to Kakamega, from Kakamega to Limuru, from Limuru back to Nairobi, and from Nairobi, a flight to Uganda, all for the love of golf, and for the search for talent through unwavering support by NCBA Bank Kenya through the famous NCBA Golf Series. Golf lovers will tell you that it is the…
- The Davos Alzheimer’s Collaborative (DAC) has partnered with the Aga Khan University’s Brain & Mind Institute (BMI), to launch a two-part research programme for dementia. This collaboration aims to address the lack of diversity in dementia research, improve care, and increase access to…
- In the tick-tocking, round-the-clock whirlwind of life, where moments fleet past us like sand through an hourglass, we often find ourselves captivated by the wondrous creations that mark our passage through time – watches and clocks. Growing up, I always wanted to be a collector of unique and…
- Pan African housing development financier Shelter Afrique has advised African governments to strengthen their national statistics bureaus in terms of providing adequate funding to enable them to capture important data for various sectors, including the housing sector. Shelter Afrique’s Managing…
- The prices of Cooking gas have dropped below the 3000 shillings mark for the 13-kg cylinder for the first time since July after the government scrapped three taxes on the commodity. The majority of the gas traders noted that the price slash is attributed to the removal by the government of…
- Mastercard has announced a strategic partnership with Lipa Later. This collaboration aims to accelerate the expansion of Buy Now, Pay Later (BNPL) payment services in Africa. The partnership is expected to unlock new opportunities for consumers and merchants by providing tailored BNPL solutions and…
- Safaricom has been awarded for its climate action initiatives in the inaugural Environment Sustainability Awards by Kenya Private Sector Alliance (KEPSA) in collaboration with the United Nations Environment Program (ENEP). Safaricom was recognized for its innovative approaches in integrating and…
- Mount Kenya Wildlife Conservancy (MKWC) today announced a new partnership with Prague Zoo to safeguard the Mountain Bongos’ future through habitat rehabilitation. The partnership will see Prague Zoo donate 10,000 USD to MKWC to facilitate the reforestation of the Mount Kenya Forest ecosystem, which…
- Google and the USAID eTrade Alliance have announced a partnership to expand the reach of the Hustle Academy Program in Kenya. This collaboration aims to provide 2,500 Small and Medium Businesses (SMBs) with access to critical resources and digital tools to foster growth over 18 months. This will…
- ICT Cabinet Secretary Eliud Owalo now says that the government will not force Kenyans to get the digital identity card, it will be voluntary to all Kenyans and no one will be forced into the process. Huduma Number was supposed to replace the current identity cards which the government argues is old…
- I have witnessed thousands of Kenyan youth turning up for the Worldcoin signup. They are presenting their retina to be scanned and awarded Worldcoins worth at least 5,000 shillings. At the Kenyatta International Conference Center (KICC), thousands turned up to be part of this Worldcoin whirlwind…
- There is good news for patients referred for endoscopy and colonoscopy procedures but are hesitant due to the intrusive nature of the procedures as Aga Khan University Hospital has introduced capsule endoscopy, a non-invasive way of conducting the two procedures. Capsule endoscopy is a procedure…
- The Kenya Private Sector Alliance (KEPSA), through its Knowledge Centre, the Sustainable Inclusive Business Kenya (SIB-K,) in collaboration with the Kenya Red Cross Society (KRCS) Mombasa Chapter, has called on the County Government of Mombasa to work closely with private sector players to increase…
- On July 31st, the Education Cabinet Secretary Ezekiel Machogu launched a new Higher Education Loans Board (HELB) as directed by the government. Machogu launched the Higher Education Financing Portal that will allow university and TVET students to access funding from the government. “Since the…
- Equities Turnover dipped by 98.1 percent to KES 66.6Mn down from KES 3.51Bn the previous trading day. Local investors were the dominant players on the day. They accounted for c. 61.8% of the total market turnover. Foreign investors turned largely bearish on key blue chips to print net outflows of…
- Exchange Rate Performance USD|KES: KES weakened by 0.05% to close at 142.36 (-15.39% year-to-date). GBP|KES: KES weakened by 0.05% to close at 182.97 (-23.24% year-to-date). EUR|KES: KES strengthened by 0.04% to close at 156.61 (-19.31% year-to-date). Related Content: Kenyan Shilling Falls To The…
- Every year, one of nature’s most awe-inspiring spectacles unfolds in the vast wilderness of Kenya, especially in the Mara – the Great Wildebeest Migration. As millions of wildebeests, zebras, and other herbivores traverse perilous terrains in search of greener pastures, visitors from around the…
- Genghis Capital forecasts Kenya’s real growth rate for the year 2023 at 4.2%, before a mild recovery to 5.1% in 2024. According to the analysts, the double contraction on fiscal and monetary policy fronts will result in effective leftward shifts of the economy’s IS and LM curves – shrinking overall…
- Yields Yields were driven higher after the Fed emphasized a data-driven approach, which left the door open for more hikes ahead. U.S. yields were additionally supported by impressive advance GDP readings and a lower-than-expected initial jobless claims figure. Yields in Europe dropped largely after…
- Equity Group was the most traded counter, accounting for 25.2% of equity turnover. The lender rose 1.0% to KES 41.00 on increased foreign trading. At the same time, KCB slipped for the tenth consecutive session, easing 0.2% to KES 28.50 on increased foreign selling. The lender has dropped 9.8% in…
- Last month, I visited Nigeria for the first time in five years, and, everywhere I went, perhaps more than on any of my previous trips, I felt the immense energy and boundless potential of its rising generation. I met with young scientists and researchers working on innovative solutions to some of…
- In a society where knowledge is power, coding is the equivalent of possessing the legendary Excalibur of the digital age. From churning out lines of cryptic symbols to crafting awe-inspiring digital marvels, coding has become the heartbeat of our modern existence. Picture this: you wake up in the…
- Once upon a time in the digital age, parents faced a daunting challenge: how to prepare their kids for an unpredictable and ever-changing future. With the rapid advancement of technology and the rise of robotic overlords, it seemed as if the age-old art of storytelling would become a relic of the…
- Stima Sacco has been ranked as the best in three major categories in a historic annual show in Kisumu City. Stima Sacco emerged as the second-best financial institution other than a bank. For years, the largest Sacco in the region has played a role in enhancing financial inclusion among Kenyans…
- Kenya is set to host the first-ever Business Ecosystems Summit (BES) in Kisumu City on Friday, September 1st, 2023. This is in line with ongoing key government reforms aimed at stimulating business growth across the country, bolstering economic independence and prosperity. Organized by IMC People…
- LG Electronics, in partnership with Habitat for Humanity Kenya (HFHK), has successfully handed over complete infrastructure facilities focused on learning and safety, as well as water, sanitation, and hygiene to support more than 260 individuals residing in Seger Ward, Nanyuki, located in Laikipia…
- Public primary and secondary schools may close earlier for the second term than August 12, 2023, due to delayed disbursement of capitation funds according to the school head teachers and principals, if the government fails to disburse all the capitation money. According to the Kenya Secondary…
- The price of maize flour has reduced in most parts of the country, especially in the Western region. Farmers from the Western region have started harvesting, The 2kg container of maize which was retailing at 200 shillings three weeks ago is now selling at between 150 shillings and 180 shillings in…
- Secondary fixed income market turnover rose by 27.78% w/w to KES 18.74Bn from KES 14.67Bn the previous week. Discount securities recorded a performance rate of 38.10%, down from 164.50% the previous week. The 91-day T-Bill registered an oversubscription of 176.84% in the week – signaling a…
- T-bills were oversubscribed with the overall subscription coming in at 38.1%, marking a 13-week low. The performance was largely attributable to the tightened liquidity in the money market. The Central Bank received KES 9.1 bn in bids and accepted 97.2% of the amount. Demand for the 91-day paper…
- The Bank of Kigali has committed to providing Sh17.9 billion worth of loans to farmers and businesses across the agricultural value chain. A portion of the funding will be provided at a concessionary interest rate of as low as 8% per annum, which is less than half of the average lending cost of…
- Becoming an entrepreneur is a dream for many, driven by the desire for independence, creativity, and financial success. While it offers numerous rewards, it also comes with its fair share of challenges and stress. The statement, “One thing about being an entrepreneur – there’s no such thing as a…
- The Wine and Beer Company launched a flagship one-of-a-kind store in Nairobi. With an extensive collection of over 1100 products selected from over 40 countries, the store is set to provide Kenyans with an exclusive selection of alcoholic products. Gracing the occasion were Dr. Chris Kiptoo,…
- The 2022 form four leavers who applied for their various courses through Kenya Universities and Colleges Central Placement Service (KUCCPS) should expect their placement results from July 31st. Today, Education Cabinet Secretary Ezekiel Machogu is set to announce the placement of students to…
