- During the COP27 forum in Egypt, Kenya’s President positioned Kenya as a renewable energy powerhouse, not just in the East African region but in the entire continent. Kenya is known to generate more than 75 percent of its electricity from renewable sources primarily geothermal power and hydropower…
- The National Social Security Fund (NSSF) is seeking a private partner to develop its idle land in Mombasa, Nairobi, and Kisumu in the next financial year in view of generating income for the benefit of its members. The NSSF real estate partnership is geared toward supporting the Affordable Housing…
- Stima Sacco has registered a profit after tax of 4.17 billion shillings for the 2022 financial year. Stima Sacco has attributed the great performance to the increase in consolidated deposits for the period under review. The statement released by the Sacco during the investor briefing on Friday…
- Education Cabinet Secretary Ezekiel Machogu on Wednesday revealed that over 200,000 students were yet to join Junior Secondary School (JSS) because their parents were holding them back. Education CS says a multi-agency team, which includes officers from the Interior Ministry, has launched a mop-up…
- Carrefour has distributed 8,000 bags of relief food to drought-affected families in Lenkism Ward, Kajiado South under the ‘Save a Life’ Campaign. The initiative, which is organized in partnership with the Kenya Red Cross and Capwell Industries, saw 4,000 families each receive 2 bags of food aid…
- A Murang’a farmer’s union has commenced construction of an aggregation house that will enable farmers to pack and export avocadoes to international buyers. This follows the emergence of new international markets in Mexico, Dubai, China, and Egypt where the farmers will be exporting the produce.…
- The Teachers Service Commission, TSC, CEO Nancy Macharia has assured Primary and secondary school teachers that they will soon have their increased salaries and reviewed benefits if a proposal by the employer sails through. According to TSC CEO Nancy Macharia, the economic status has improved,…
- YouTube Chief Executive Officer (CEO) Susan Wojcicki on Thursday announced that she will be stepping down from her role as the head of the online video giant. “Today, after nearly 25 years here, I’ve decided to step back from my role as the head of YouTube and start a new chapter focused on my…
- By Anthony Mwangi The importance of predictable and stable policies in driving the realization of a country’s socio-economic goals cannot be over-emphasized. One of the key elements on this front is taxation, which is fundamental for any Government to raise revenue. It is through taxation that the…
- BAT Kenya has made a 6.3 percent net profit growth to 6.89 billion shillings in the year ended December 2022. This is the third year in a row that the cigarette manufacturer has been posting some impressive numbers. During the year under review, total revenue rose by 8 percent to 27.38 billion…
- Equities Turnover grew by 2.49 percent to 489.78 million shillings up from 477.89 million shillings the previous trading day. Foreign investors were the dominant market players on the day – accounting for 58.69 percent of the total market turnover. Foreign investors remained bearish to print…
- Exchange Rate Performance The Kenyan shilling has continued to weaken against the US dollar, losing 0.11 percent to close at 125.52 shillings (-1.74 percent year-to-date). This is the lowest the Kenyan shilling has ever fallen in history. In some slightly good news, the local currency slightly…
- Mart Networks, a value-added technology distributor, has launched the distribution in Kenya of select devices of Ring LLC, a home security and smart home company owned by Amazon. The launch follows a partnership agreement signed recently between the two entities, in which Mart Networks will offer…
- Kenya’s giant telecommunications company, Safaricom, hosted its first-ever Safaricom Investor Day at the Carnivore Grounds deliberating on the company’s business model and plans for the future. The event saw Mr. Peter Ndegwa, Safaricom’s CEO, joined by members of his top leadership management,…
- The Nairobi Securities Exchange-listed paint firm Crown Paints has entered into a strategic partnership with leading regional low-cost airline Jambojet. The cooperation will see the firms collaborating in business and sustainability initiatives in Environment and Education. The two corporates…
- The Kenya Revenue Authority (KRA) is seeking to buy 30 bodycams to curb tax cheating and enable the taxman to monitor staffs who receive bribes from taxpayers, resulting in tax evasion. In a statement published in local dailies, the taxman says it will purchase 30 cameras. Other items that the…
- The government early this month started distributing subsidized fertilizers to farmers across the country as it steps to provide affordable farm inputs to ensure enhanced production. The agriculture ministry, however, reported a low uptake of the farm inputs, arguing that farmers are unaware of the…
- When a rooster, is seeking the consent of a hen for mating, it ruffles its feathers and totters like a drunken dandy towards the hen, giving a vast ray of promises. “I will buy you land, I will buy you a car, I will take care of your bills’’ and lots of nonentities. All these […]
The post President…
- Armed thugs broke into the Public Service, Affirmative Action, and Gender Cabinet Secretary Aisha Jumwa’s Nairobi, Loresho home and stole at least 1.1 million shillings, gold, and other jewelry. The police have described them as “buglers.” Reports from the police indicate that the thugs spent at…
- The National Social Security Fund (NSSF), has come out to clarify an erroneous story published on the Business Daily purporting that the Fund had sold 837 million KCB shares “in a rare move.” The story claimed that NSSF disposed 21.63 million shares in a three-month period hence cutting its…
- The National Social Security Fund (NSSF) has called on all employers to embrace the full implementation of the NSSF Act No 45 of 2013. Under the Act, NSSF seeks to build a bigger retirement package for workers. As such, the pension scheme increased total contributions for both employees and…
- The Teachers Service Commission (TSC) is set to deploy 7,282 P1 teachers to teach Junior Secondary Schools, JSS, next week. The Departmental Committee on Education chaired by Hon Julius Melly has been told that over 7,000 primary school teachers will be elevated to teach in Junior Secondary Schools…
- Nairobi governor Johnson Sakaja, Kenya’s media personality Larry Madowo, and Ferdinard Omanyala are among the 2022 100 most influential young Africans. The list, which was announced by Africa Youth Awards in collaboration with Avance Media was curated to recognize and celebrates young people who…
- I&M Bank has announced a waiver of transaction charges from its digital banking platform I&M On The Go (OTG) to mobile money wallets. The waiver will make I&M Bank the first lender in Kenya to officially offer zero fees for Bank to M-PESA and Airtel Money transactions following its…
- SafiriSalama.com, a Kenyan death tech start-up, has launched Kenya’s and Africa’s first end-of-life platform as it steps to help people make funeral arrangements digitally. The digital death care platform offers digital death notices, memorials, funeral arrangements, and a directory of funeral…
- IBM has acquired StepZen Inc, which developed a GraphQL server with a unique architecture that helps developers build GraphQL APIs quickly and with less code. Founded in 2020, StepZen provides an easier way for developers to build GraphQL APIs. StepZen takes a declarative programming approach (…
- The Energy and Petroleum Regulatory Authority (EPRA) has kept fuel prices for the next month ending March 14 unchanged. In a statement released on Tuesday, the regulator said the cost of a liter of petrol in Nairobi will continue retailing at 177.3 shillings, diesel 162, and kerosene 145.94…
- The Teachers Service Commission, TSC, is set to promote Over 36,000 teachers starting next week in a race to boost education in Junior Secondary Schools (JSS) according to TSC CEO Nancy Macharia. The Commission is also set to employ an additional 450 new secondary school teachers. The move comes as…
- According to the East African Breweries Limited Corporate Relations Director Eric Kiniti, EABL sells a bottle of Tusker beer at 190 shillings, out of which the Kenya Revenue Authority takes 107 shillings as taxes, leaving the brewer with 83 shillings. With 83 shillings remaining, the brewer gives…
- If you are working, whether in the formal or the informal sector, there is that one important question that should be running through your mind every day. And the question is what your life after retirement will feel like. Will it be full of merry or anguish? Although not everyone looks forward to…
- A recent survey done on 2,600 people has shown that having an active interest in cryptocurrency could be the new language of love. According to the survey, an active interest in crypto can be a significant plus in a romantic relationship: 83% of participants said that liking crypto was an…
- Mastercard has announced that it is partnering with Network International, the leading enabler of digital commerce across the Middle East and Africa, to address fraud, declines, and chargebacks in order to reduce costs and risk for acquirers. Through the partnership, Network will launch Mastercard’…
- Madison Life Assurance and HF Group’s banking subsidiary HFC have inked a partnership to bring to life VillaKazi Homes, a planned mixed-use project in Athi River. Madison is providing the 100 acres valued at 3 billion shillings while HFC will provide end-user buyer financing, project management…
- Each one of us starts out with a unique set of advantages and disadvantages, but self-made millionaires are people who reach high levels of wealth without the help of a large inheritance or trust fund. Self-made individuals start from scratch and build their wealth over time, beginning first by…
- Equities Total turnover declined by 83.29 percent to 44.72 million shillings on Monday down from 267.67 million shillings the previous trading day. Local investors were the dominant market players on the day – accounting for 82.20 percent of the total market turnover. Foreign investors printed net…
- Sophos released details of two expansive, still operational, pig butchering or sha zhu pan rings (elaborate and lengthy financial fraud scams that can cost victims thousands of dollars) that scammers are operating from Asia. One of the rings, based in Hong Kong, involves a fake gold trading…
- Nairobi governor Johnson Sakaja, Kenya’s media personality Larry Madowo, and Ferdinard Omanyala are among the 2022 100 most influential young Africans. The list, which was announced by Africa Youth Awards in collaboration with Avance Media featured young Africans from 25 countries. Nigeria…
- Maize production in Sub-Saharan Africa will drop by about 40 percent by 2050, a recent forecast by the World Bank indicates. According to the global lender, the drop will be on the back of low mechanization in the continent and is likely to affect the continent’s food security given that maize is…
- Education Principal Secretary, PS, Belio Kipsang has urged the Senate Committees to ensure Early Child Development and Education, ECDE, are well remunerated. Speaking during a meeting with the Committee on Education on Monday, February 13, Kipsang asked the senators to defend the instructors from a…
- The National Bank of Kenya (NBK) Board of Directors has appointed George Odhiambo as the Managing Director. The position was previously held in an acting capacity by Peter Kioko, the Finance and Strategy Director since June 2022. George, a seasoned banker, is the outgoing MD of BPR Bank Rwanda Plc…
- CFAO Motors has launched the Suzuki Baleno into the Kenyan market. The latest addition to the Suzuki by CFAO lineup combines the next-generation style and performance, advanced technology, and fuel efficiency to deliver a unique driving experience. This cutting-edge compact car is designed to offer…
- A Sacco is a type of financial institution that provides a range of financial services, including savings, credit, and insurance, to its members. Unlike banks, Saccos are owned and controlled by their members, who are also their customers. This unique structure provides several advantages to those…
- The Ministry of Labour and Social Protection CS Florence Bore has welcomed the commencement of the National Social Security Fund Act Number 45 of 2013 which requires all employers to fully comply with the law with immediate effect. The law requires that all employers remit a total of Kshs 2,160 as…
- Households and enterprises should expect high power costs in the coming months due to low water levels at the country’s largest electricity generation reservoir. Speaking to journalists on Friday, Energy and Petroleum Cabinet Secretary Davis Chirchir said water levels at Masinga dam have dropped to…
- The Teachers Service Commission (TSC) is set to train newly recruited Grade 7 teachers, that will be tasked with teaching in Junior Secondary Schools (JSS). According to TSC, the training of the teachers was scheduled to start from January to April 2023. TSC has trained 2,376 master trainers ahead…
- The Teachers Service Commission (TSC) has commenced the deployment of practicing Primary Teachers Education PTE, teachers to secondary schools. The TSC will promote graduate teachers from primary schools to teach in Junior Secondary Schools (JSS) as part of addressing the current shortage. The…
- Consumers are likely to pay more for fuel in the coming months following Russia’s plan to cut its oil production from next month. Russia Deputy Prime Minister Alexander Novak on Friday revealed that the country will from March cut oil production by 500,000 barrels per day, or around 5 percent of…
- It turns out that there are some of the poorest countries in the world. The world’s poorest countries are classified by the World Bank system as low-income economies. The numbers are measured by Gross National Income (GNI). Gross national income per capita is calculated based on a country’s total…
- Infopercept Consulting Pvt Ltd has announced the appointment of Jitendra Bulani as Chief Marketing Officer. Bulani brings 15 years of global marketing experience at cybersecurity companies. He will be responsible for driving awareness and demand for Infopercept’s offensive security, defensive…
- Who are insurance underwriters? These are professionals who evaluate and analyze the risks involved in insuring people and assets. They establish pricing for accepted insurable risks. Often, they use specialized software and actuarial data to determine the likelihood and magnitude of risk.…
