- The stock market, a captivating world of financial opportunities, has enticed individuals from all walks of life. It offers the potential for wealth creation, financial independence, and exciting investment prospects. Young Kenyans are paying thousands of shillings to be taught how to make money…
- Some unrealistic videos are running across Twitter and LinkedIn, showing young and rich Kenyans said to be making millions of shillings, living like kings, driving big cars, and living in multi-million mansions in posh estates in Kenya. In some of the videos, the young people claim to be experts…
- Ah, the importance of having a home, that sacred haven where mismatched socks find solace and the fridge acts as a portal to culinary delights. It’s the place where you can unabashedly belt out your favorite tunes in the shower, all while envisioning yourself as the next superstar. It’s where the…
- Leading consulting engineering and infrastructure advisory firm Zutari, headquartered in South Africa has officially been launched in the country after receiving registration as a fully licensed company in Nairobi, Kenya. “East Africa has long been identified as a growth area for Zutari, with Kenya…
- Manufacturers, producers, and businesses have received a clear message over the past few years: digitizing supply chain management is essential for managing or preventing business disruptions brought on by events like pandemics or political unrest. Small and medium-sized businesses (SMEs), which…
- Uber has announced the launch of two new products in the Kenyan market, Uber Reserve, and the relaunch of Uber Connect to Package. Uber Reserve is for business executives and travelers, allowing them to book trips up to 30 days in advance. This new feature empowers users to plan their…
- On July 4th, the Kenya Universities and Colleges Central Placement Service (KUCCPS) opened the portal for the third and final revision of university courses for 2021/2022 Kenya Certificate of Secondary Examination (KCSE) candidates. According to the notice released by KUCCPS, the exercise would run…
- The Teachers Service Commission (TSC) has announced the recruitment of 20,000 internship vacancies for teachers for both Junior secondary schools (18,000) and Primary Schools (2,000). According to the vacancies advertised by TSC, the interns will be distributed across 47 counties with Kitui County…
- Liquidity strains worsened during the week with the average interbank rate increasing by 27.7 bps to 10.1 percent, from 9.8 percent recorded the previous week. The performance was partly attributable to heavy settlements of government securities and reverse repos. However, daily traded volumes…
- Safaricom reclaimed the top mover position, accounting for 70.2 percent of equity turnover. The telco inched 0.3 percent higher to 17.80 shillings (still an eleven-week high). KCB rebounded 0.5 percent to 29.45 shillings on increased local demand. Related Content: Equities Turnover Jumps 159%, Ends…
- On Tuesday, Equities Turnover jumped by 159.05 percent to 403.39 million shillings up from 155.72 million shillings the previous trading day. Stats compiled by Genghis Capital showed that local investors were the dominant players of the day on Tuesday. They accounted for 50.6 percent of the total…
- Kyosk Digital Services, a digital-first and data-led distribution platform, is pleased to announce its expansion into the African fresh produce market with the launch of its Farm & Fresh line of business. This follows on the back of Kyosk’s recent acquisition of KwikBasket, a prominent player…
- Half of the households in Kenya cook indoors, with 30 percent having no separate room or kitchen for cooking according to the latest Kenya Demographic Health Survey (KDHS) survey. The majority of rural households (63 percent) have a separate building for cooking, compared to 8 percent in urban…
- 50 percent of Kenyan women who have at least a secondary school education are either overweight or obese according to the new data contained in the Kenya Demographic Health Survey (KDHS) released on Monday with the main reason being “poor lifestyle choices.” According to the survey, 50 percent of…
- It seems the Kenyan shilling is on a mission of being clobbered by the US Dollar, the British Pound, and the Euro, with little chance of defending itself. The local currency seems to have defied threats by the President who had ordered it to strengthen. On Monday, the shilling kicked off the week…
- Kenyan car buyers are about to feel the heat after they were slapped with a 35 percent import duty following the approval of the East African Community (EAC) of Kenya’s request to increase duty on motor vehicles under the common external tariff. Effectively, following the approval, the import duty…
- Standard Chartered Bank has released the Half-Two Global Market Outlook report dubbed ‘Keep CALM and carry on’ to guide investors on their next move. The released report states unique steps that investors must take to ensure that they are able to navigate the challenging global and local economic…
- The High Court of Kenya has declared the appointment of 50 Chief Administrative Secretaries (CASs) as both illegal and unconstitutional, dealing a blow to the excited young men and women who were already in office unaware of what their roles were. According to the landmark ruling delivered by three…
- At least nineteen passengers were injured after a bus they were traveling in overturned in the Siwot area in Kericho County, along the Londiani-Muhuroni Road. Confirming the accident, according to Police Commander Geoffrey Mayek, three of the injured were in critical condition after sustaining head…
- The Teachers Service Commission (TSC) teachers will start receiving bonuses starting July 2023 along with their July salaries. Teachers will receive a 7 percent raise in their base pay in their payslips for this month. This is after the government ordered the Salaries and Remuneration Commission,…
- The Kenyan government launched the Gava Mkononi App, a mobile version of the eCitizen platform, to ease access to digitized services at the Kenyatta International Convention Centre (KICC). Gava Mkononi App is expected to bring over 5,000 government services under one roof allowing Kenyans to…
- United Bank for Africa (UBA) has signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide financing for up to US$6.0bn over the next 3 years to eligible SMEs across Africa. UBA signed the agreement with AfCFTA on the sidelines of the 30thAfreximbank Annual…
- The Energy Petroleum and Regulatory Authority (EPRA) ignored a court order that had suspended the implementation of the controversial Finance Act. In a rush, they went ahead and announced the new fuel prices, increasing the VAT from 8 percent to 16 percent. But in the rush to impress the proponents…
- President William Ruto, on Sunday, said that the government had removed at least 7 million Kenyans from the Credit Review Bureau (CRB). Of course, the mainstream media, as it is their norm, have flushed the headlines without even confirming the numbers. The President has been making conflicting…
- Small and Medium-sized Enterprises (SMEs) are the lifeblood of Kenya’s economy, contributing significantly to employment, innovation, and economic growth over the years. SMEs in Kenya employ 86 percent of the population according to the Kenya National Bureau of Statistics (KNBS) and contribute…
- The more things change, the more they remain the same, reflecting the idea that despite outward transformations or progress, the underlying essence or nature of things remains constant. The Mobile phone industry has demonstrated this very clearly with how the new renaissance of design is taking the…
- I have always been and will always be Pro-SMEs because this is where the magic and this is where innovation takes place. This is where the best training for future CEOs, Managers, and Leaders is molded. This is where the essence of learning about entrepreneurship happens. Of late, many SMEs in…
- In essence, the term entrepreneurial deficit suggests that some entrepreneurs may struggle with maintaining focus and dedicating themselves to a single business concept or venture, leading to a lack of progress or success. However, it is important to note that this term is not a clinical diagnosis…
- Delayed payments are a nuisance that most SMEs and Content creators are going through every day and this represents a critical and negative challenge to SMEs in Africa, particularly in Kenya. The essence of time and the value of work done is fulfilled in the moment of payment. If you work and you…
- The stage is set for the 7th leg of the 2023 NCBA Golf Series which is currently taking place at the Karen Country Club. Over 200 golfers are expected to participate in the tournament, each vying for coveted slots in the Grand Finale, scheduled to take place later this year. The winners of the…
- The High Court of Kenya has suspended the implementation of the controversial Finance Act a few days after President William Ruto signed it into Law. The Finance Act was set to officially take effect from July 1, 2023 (This Saturday) and the ruling now puts the ambitious plans by the government in…
- The transport sector around the world is shifting. With calls from the different world leaders and stakeholders pushing for virtually every sector to go green, the transport sector within and without the region has not been left behind. Although the adoption of clean transport through electric and…
- The list of Chief Administrative Secretaries (CAS) nominees is out. The position, which had been declared unconstitutional by the courts got a breather after the same court allowed the positions to fly hence settling the long-awaited anxiety. The list, as expected is full of former politicians who…
- Money is perhaps the greatest thing to many alongside the senses of hearing, taste, touch, smell, and sight. One can hardly achieve much without money. But it is surprising that no one wants to admit to having earned enough. We die struggling to get big money but the tragedy is we ignore the small…
- One of Africa’s largest convening on impact entrepreneurship and sustainable development, the Sankalp Africa Summit, promises to positively engage over 1,500 different stakeholders from across the development sector ecosystem, to discuss, define, and drive forward the critical levers of…
- Britam Holdings Plc and Voltic Kenya, a technology company offering ticket automation and parcel management solutions within the transport sector through their i-abiri digital platform have partnered with ENA to extend a trip personal accident insurance offering to all ENA coach customers. The…
- The Cereal Millers Association (CMA), has released an update on the payment status of the maize flour subsidy that was put in place by the government to cushion Kenyans against the spiking prices of Unga. CMA members participated in the Maize Subsidy Program that was introduced by the Government in…
- Safaricom Investment Co-operative shareholders have approved a 176.9 million shillings dividend payout at the 14th Annual General Meeting. This translates to a 7 percent per share dividend up from 4.69 percent per share paid in 2021. This pay-out comes after the Society posted a 542.9 million…
- When it comes to investments, many people go for bonds, stock, and even real estate but how many invest in agriculture? USAID reports that the agricultural sector contributes to approximately 33 percent of Kenya’s Gross Domestic Product (GDP). Further, it asserts that the agriculture sector employs…
- Huawei Technologies is deepening its focus on home solar uptake as it pursues the residential solarization strategy that will see more homes light up using off-grid electricity. This involves designing and rolling out solar lighting and powering solutions that have greater reliability and can also…
- Facebook and Instagram users will soon need to pay to be verified on the social media platforms, as Meta follows in the footsteps of rival platform Twitter. Mark Zuckerberg, Meta’s chief executive, announced in a Facebook post on Sunday, 19th February that the service would first roll out in…
- The state of Kenya’s economy is set to improve in the next 1-2 years on the backdrop of a falling inflation rate, projected favorable weather conditions, and reduced prices of food and fuel, Old Mutual Investment Group (OMIG) Q1 2023 Outlook shows. The outlook is a quarterly OMIG Investments…
- In the current tough economic market, getting good quality yet affordable products remains critical for any consumer. And this is exactly what Wasoko has delivered with our exclusive new product line, SMART PICK. This line of toiletry and cleaning products has quickly become a hit among retailers,…
- Samsung has introduced a new air filter technology that simultaneously collects particulate matter (PM) and decomposes Volatile Organic Compounds (VOCs), and can be used for 20 years through simple water washing. A study about the technology was published in the journal Nature Communications on…
- The Presidential Working Party on Education Reforms has recommended a three-fold increase in university school fees for government-sponsored students from the current 16,000 shillings to 52,000 shillings per semester. In its report submitted to President William Ruto last week, the task force made…
- If you have ever been conned you know the feeling that rush in. The sinking feeling in your chest, the shame or embarrassment, and the anxiety about what to do next. Anyone can be scammed and coping with the aftermath of being scammed is not easy. Scammers have realized the growing interest in land…
- Manufacturers have called on the Government to develop and implement policies that will accelerate the transition to a circular economy. This was during the Loop Forum, hosted by the Kenya Association of Manufacturers (KAM) in partnership with the Royal Danish Embassy in Nairobi; the Embassy of the…
- Ecobank Transnational Incorporated (ETI) has appointed Ghanaian career banker, Mrs. Josephine Anan-Ankomah as the Regional Executive, of Central, Eastern, and Southern African (CESA) and Managing Director, of Ecobank Kenya. Her appointment has since received clearance from the Central Bank of Kenya…
- Insurance is a means of protection against financial loss or damage that can occur due to unforeseen events. It provides individuals with a sense of security by transferring the risk of loss from themselves to an insurance company in exchange for a premium payment. For an individual, insurance can…
- They say people don’t leave their careers. People don’t leave their jobs. They leave bad bosses and bad employers. It is not common to see people praising their employers. Often, they come out to complain when something goes wrong through the tagline “Toxic Workspaces.” We rarely see people talk…