- As Kenyans continue to struggle with tough economic times, coupled with the high cost of living, as well as that of doing business, Kenya’s largest Sacco, Stima Sacco, has come up to help them breathe by reviewing loan tenors, a great relief for members to enjoy more while paying little amounts…
- During the week, the International Monetary Fund (IMF) team and Kenyan authorities reached a staff-level agreement on; Kenya’s sixth review of the 48-month Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangement, An augmentation of access under the EFF/ECF totaling USD 938m (KES…
- The Energy and Petroleum Regulatory Authority (EPRA) released fuel prices for the period between 15th November to 14th December 2023. Super petrol prices remain steady at KES 217.36 per liter, while diesel and kerosene decreased by 0.97% and 0.98% to KES 203.47 and KES 203.06 per liter. Read Also:…
- Treasury bills were for the third consecutive week with the overall subscription coming in at 208.32%, down from 255.64%. The Central Bank received a total of Ksh 50.0bn in bids, with 75.42% geared towards the 91-day paper. Subscription for the shorter 91-day paper increased to 942.71%, from 931.41…
- The Kenya Certificate of Primary Education, KCPE, 2023 results are set to be released this Thursday, 24th November at Mtihani House in Nairobi. The exams will be released this week to allow for the placement of Form One students before Christmas and give parents ample time to prepare for school…
- War has been raging in Sudan for almost 7 months and details of the Rapid Support Forces (RSF) brutality in Darfur have been hard to come by. In an exclusive report, CNN’s Chief International Investigative Correspondent Nima Elbagir and team traveled to neighboring Chad and interviewed over a dozen…
- NCBA Group in collaboration with Boreka Group and Kitui County has today planted 40,000 seedlings as part of its commitment to conserve the environment under the “Change the Story” initiative, which aims to plant 10 million trees by the year 2030. The tree planting exercise was carried out with the…
- The month of November is often referred to as the “Black Friday” month. Some just call it The Black November. It is the only month in a year that most products, especially those that will break the bank to purchase, are on huge discounts, in most cases electronics. Running from November 1 to…
- In every corner of Kenya, the heartbeat of local economies can be found in the unassuming but vital structures known as Dukas. These small shops, often overlooked, play a monumental role in community life, entrepreneurship, and economic growth. Today, we stand on the cusp of a transformative moment…
- Intellimedia Chairman Alex Chesosi has urged procurement officers to embrace the transformative power of connectivity, emphasizing its role in expanding market reach and attracting a broader customer base. Speaking at the Second Procurement and Supply Chain Dialogue forum held at Sarova Whitesands…
- Microsoft has introduced around 100 new services and updates as part of its AI-forward strategy, including key developments within its productivity and security offerings. The announcements were made at Microsoft Ignite 2023 – the company’s annual conference for developers and IT professionals. As…
- The global landscape is undergoing a remarkable transformation towards digital banking, with an ever-growing number of customers embracing its offerings of convenience, speed, and efficiency. With just a few taps on your smartphone or clicks on your computer, you can open accounts, transfer funds,…
- Additional investment of more than Ksh 10 trillion, (USD 100 billion) in internet infrastructure, policies, and ecosystems is necessary to raise the degree of digital access in Kenya and across Africa in general. This is the key consensus reached during the Africa Fibre Forum 2023 hosted by Huawei…
- Equities Turnover increased by 15.9% to KES 146.6Mn up from KES 126.5Mn the previous trading day. Foreign investors were the dominant players on the day. They accounted for 52.5% of the total market turnover. Foreign investors were bullish on key blue chips to print net outflows of KES 10.09Mn in…
- Foreign investors were net sellers, recording net outflows of USD 66.3K. KenGen led the selling charge while Equity led the buying charge. Safaricom was the top traded stock – accounting for 65.0% of the day’s turnover. The counter eroded 0.4% in the day to KES 13.45. Investors remained bullish on…
- The United Nations Development Program (UNDP), World Bank, and Kenya Investment Authority (KenInvest) have today announced a new partnership to develop and implement an Investment Facilitation Framework and Foreign Direct Investment (FDI) Attraction Strategy. The framework is aimed at creating a…
- Emirates, the world’s largest international airline, today announced a massive US$950 million investment to build a new ultra-modern engineering facility at Dubai World Central (DWC). Spread over 1 million square meters, the engineering complex will be the largest and most advanced of its kind to…
- Co-op Bank has released its 3Q23 results, posting a 7.6%y/y rise in EPS to KES 3.14 with net income coming in at KES 18.4bn. The improved performance came on the back of a 2.5%y/y rise in net interest income (NII) to KES 32.8bn while non-funded income (NIR) ticked up 2.1%y/y to KES 20.6bn. NII was…
- Absa Bank Kenya’s ongoing commitment to making a positive environmental impact through sustainable lending practices was recognized by the Kenya Bankers Association (KBA) during the seventh edition of the SFI Catalyst Awards. During the award event on Wednesday, the bank received top honors in…
- The National Cereal and Produce Board, NCPB, has opened its stores for the purchase of local maize for 4,000 shillings per 90 Kg bag. According to NCPB, only maize fit for consumption and met the required dry level by the East African quality standards would be accepted. The maize prices had…
- Africa’s global bank, United Bank for Africa (UBA) Plc, has been named the African Champion of the Year 2023 at the just concluded Africa Financial Industry Summit, held in Lome, Togo. The Africa Financial Industry Summit (AFIS), organized by Jeune Media Group, publishers of pan-African…
- Abu Dhabi Future Energy Company PJSC – Masdar, and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables, and JinkoPower, together with procurer Emirates Water and Electricity Company (EWEC), have inaugurated the world’s largest single-site solar power plant ahead of the UAE hosting…
- Africa’s leading integrated communications agency, 3 Verse (3VR) has triumphed in a hotly contested global pitch for East African tech giant Safaricom. The agency was appointed as the lead creative and strategic partner. Safaricom is the leading telecommunications company in East Africa, with over…
- Turnover increased by 20.7% to KES 126.5Mn up from KES 104.8Mn the previous trading day. Local investors were the dominant players on the day. They accounted for 51.4% of the total market turnover. Foreign investors were bearish on key blue chips to print net outflows of KES 67.83Mn in the day.…
- HMD Global, the home of Nokia phones, announces today the updated Nokia 105. This line of features is one of the most sold phones in the world. With a 25% bigger battery and the durable design quality you expect from Nokia devices, the Nokia 105 is a phone people can rely on day in and […]
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- The market was mixed as reflected by the benchmark index performance. The NASI, N10, and NSE 25 closed in the red shedding 0.1%, 0.4%, and 0.1% respectively while NSE 20 sustained its bull run for the fourth consecutive session on a 0.4% gain. Equity turnover edged upwards, on a 20.7% growth to USD…
- The Head of Sales and Partnerships for pan-African payment infrastructure company, Kora, Adetola Oloke, has highlighted the crucial role of fintechs in driving financial inclusion across Africa, at the Africa Fintech Summit 2023, recently held in Lusaka. During a panel session titled “Fintech in…
- In every Kenyan neighborhood, the humble Duka stands as a cornerstone of community life. Today, we celebrate not just these small shops but the launch of a transformative initiative – the National Duka-owners Association. This association, a culmination of the Smart Duka program by TechnoServe and…
- Women play a crucial role in any economic growth. Kenya’s small and medium enterprise sector is largely controlled by women. These women, despite their crucial role, face numerous challenges that often threaten to break millions of them. Family Bank became among the few banks in Kenya to recognize…
- The Kenya National Theatre has been closed temporarily until April 2024 for scheduled maintenance work. On Wednesday, the Cabinet Secretary for Youth Affairs, Creative Economy, and Sports, Ababu Namwamba, presided over a contract handover ceremony for the renovation of the iconic Kenya National…
- Abu Dhabi Future Energy Company PJSC – Masdar, and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables, and JinkoPower, together with procurer Emirates Water and Electricity Company (EWEC), have inaugurated the world’s largest single-site solar power plant ahead of the UAE hosting…
- More than 420 students at Alliance Girls’ High School in Kiambu County are set to enjoy better learning conditions after Kenya Pipeline Company invested KES 5 million, through its Foundation, towards the construction of a science complex. This noble initiative is in partnership with the Oil…
- Sophos released its Active Adversary Report for Security Practitioners, which found that telemetry logs were missing in nearly 42% of the attack cases studied. In 82% of these cases, cybercriminals disabled or wiped out the telemetry to hide their tracks. The report covers Incident Response [IR]…
- In anticipation of the 28th UN Climate Change Conference (COP 28), Crtve Development, in collaboration with the African Youth Collaboration Assembly (AYCA) and the Royal Danish Embassy in Kenya, hosted AYCA Unplugged: The COP28 Youth Agenda. This initiative aimed to harness the momentum ignited by…
- The bourse sustained its winning streak with the benchmark indices closing the session in the green. The NASI and NSE 20 gained 1.0% with N10 and NSE 25 souring by 1.1% and 0.8% respectively. Market activity edged upwards, printing a 73.5% growth to USD 0.7m on increased trading on Safaricom.…
- Eight years after entering the streaming market in Africa, Showmax is gearing up for its biggest year yet. The African streaming service is relaunching in February 2024 with a brand-new look, a new app, and an entirely new product suite. This comes after the announcement of the partnership between…
- Philips Foundation has announced its commitment to improve healthcare in Kenya by supporting local social entrepreneurs. To provide quality care to 100 million people annually by 2030, the foundation is shifting its efforts to invest in innovative healthcare solutions developed within Kenya. These…
- Kenchic has now been recognized by the International Poultry Council (IPC) as the first African organization to successfully adopt the council’s antimicrobial stewardship principles. This milestone achievement showcases Kenchic’s unwavering commitment to sustainable practices and responsible…
- The term “AI” has been used in computer science since the 1950s, but most people outside the industry didn’t start talking about it until the end of 2022. That’s because recent advances in machine learning led to big breakthroughs that are beginning to have a profound impact on nearly every aspect…
- We experience life with people in three ways: when we sit down with them to have a meal, when we marry them, and when we travel together. Traveling with sound is a magical way to create socially and economically unbreakable bonds. Jambojet, Kenya’s regional low-cost airline, is one of the magic…
- WhatsApp has introduced a new voice chat feature, offering a seamless experience for large group conversations that target larger groups seeking to interact through audio. Unlike the voice calls and voice notes, the new feature does not ring each group member individually when a voice chat is…
- Global Technology Company Epson, today unveiled a study that indicates technology is a key component in the fight against climate change. Epson’s Regional Head for East and West Africa Mukesh Bector says Epson views technology as an enabler, with products that are designed to use fewer resources in…
- Mental health experts and neuroscientists have convened in Nairobi to explore innovative solutions and strategies to promote brain health in low- and middle-income countries. The conference held under the theme ‘Healing the Brain: Bridging the Gap in LMICs’ began today and will continue till Friday…
- Zimele Asset Management has launched a new digital administrative and investment solution that will not only offer chamas attractive investment returns but will also give the members greater control and transparency in administering their finances. Dubbed the Zimele ChamaManager, the platform is…
- NCBA Group PLC has launched a new branch in Ruaka town, Kiambu County. The branch is located at Elizaphan Plaza and is one of the 10 branches they pledged to open this year as part of their expansion strategy to bring financial services to all areas of the country. The branch opening was…
- iZola has today launched Xaidi App, a new digital health helper that seeks to empower special needs children and their families by enabling them to navigate their day-to-day life challenges and opportunities in their healthcare journey. The innovative AI App built by young Kenyans in collaboration…
- In a move aimed at enhancing continuous access to affordable, flexible, and convenient credit amid the ongoing credit crunch, Kenya’s largest non-bank lender by market share, Tala, has introduced a top-up loan feature, where millions of its customers can now borrow multiple times within their pre-…
- The National Transport and Safety Authority (NTSA) has urged drivers who received have received SMS notifications on the collection of the new-generation number plates to collect the new number plates. According to NTSA, on Wednesday 15th, the number plates should be collected at the centers where…
- TAQA Dalbit has announced the commissioning of Tanzania’s first integrated Compressed Natural Gas (CNG) Filling Station and Conversion Center branded “Master Gas” located at Pugu Road-Airport Area in Dar es Salaam, Tanzania. The project was developed by TAQA Dalbit, a Joint Venture (JV) between…
- Huawei Technologies will accelerate the development of connectivity infrastructure as a key priority for Kenya’s digital transformation. This infrastructure, said Leo Chen, President of Huawei Sub-Saharan Africa, will be more advanced, future-proof, inclusive and accessible. In his opening keynote…