- BDO East Africa, a public accounting, tax, and advisory firm, has expanded its Kenyan operations to serve the growing demand for outsourced financial services from the USA and European markets. BDO Africa regional director Mark Stewart said that there is a growing demand for audit and other…
- Secondary fixed income market turnover declined to 10.0 billion shillings (-12.57 percent w/w). The highlight of the week was the February bond auction results. Of the 50.0 billion shillings on offer, the government received bids worth 19.5 billion and accepted bids worth 16.7 billion, resulting in…
- The National Treasury has slashed 10 billion shillings in bailouts on Kenya Airways (KQ) as the exchequer steps in halting persistent bailouts to the National carrier. Documents from the first 2022/23 Supplementary Budget indicate the government plans to revise the amount of capital injected into…
- Equities The Kenyan bourse ended the week on a high note with the turnover spiking by 105.92 percent to 267.67 million shillings up from 129.98 million shillings the previous trading day. During the day (Friday), foreign investors were largely out of the market on the day, accounting for 29.38…
- With the Middle East Energy Exhibition and Conference set to host 20,000 visitors and 800+ international exhibitors representing 170 countries, key players in Kenya’s energy industry will be following keenly to see the key developments and likely trends that will shape the country’s energy sector…
- The Kenya Revenue Authority (KRA) has reassured stakeholders in the private sector of continued facilitation to eradicate bottlenecks and create a more conducive environment for business. Speaking during the Ninth Tax Round Table meeting with members of the Kenya Private Sector Alliance (KEPSA),…
- Former Vihiga MP Yusuf Chanzu was appointed Chairperson of the National Housing Corporation for a period of three years. The appointment of Ben Gituku was revoked by President William Ruto At the same time, the Head of State President Ruto appointed Sally Mahihu Chairperson of the Kenya Investment…
- The government has reported low uptake of fertilizer days after it began distributing the farm inputs to farmers across the country. Out of the 4.3 million registered farmers, only 1,431 have accessed the subsidized input. In a statement, Crops Development PS Kello Harsama attributed the low uptake…
- Kenyans will continue to brace for the rising cost of living in the country as Consumers of Liquified Petroleum Products (LPG) are hit by an increase of over 500 shillings in refill prices. Most Kenyans have turned to using charcoal, kerosene, and other alternative energy sources for cooking and…
- Kenya can now buy cheap eggs from Uganda in the coming weeks following the reduced price of the commodity in the East African country after months of upsurge. In an interview in Nairobi, Uganda’s Minister for Agriculture Frank Tumwebaze said the high cost had impacted negatively on production,…
- The British High Commission in Nairobi has issued a terror alert, cautioning UK citizens over an impending terror attack in Kenya. In a notice dated Thursday, February 9, the UK embassy noted a potential terror threat and related kidnappings in the country. In the alert, the UK warned its citizens…
- Kenya has one of the highest electricity tariffs in the East African region, currently at an average of $0.16 Per KWh compared to other African exporting countries such as South Africa, Egypt ($0.03), Morocco, Ethiopia ($0.05), and Tanzania ($0.08). Any tariff review that pushes up the cost of…
- CNN International Correspondent Larry Madowo will be the new host of the long-running series African Voices Changemakers, which profiles outstanding individuals from across the continent. Based in Nairobi, Madowo has covered stories around the globe since joining the network in 2021. He has…
- Unconfirmed reports indicate that a group of elite police officers has surrounded the house of Dr. Fred Matiang’i, a former powerful Cabinet Secretary in the government of President Uhuru Kenyatta seeking to arrest him. Reports also indicate that Azimio and ODM leader Raila Odinga is currently…
- If you have Beans in your store, then it is time to make a killing because of the highest price. Beans farming in Kenya is not as common as maize. However, it is one of the most commonly grown crops in Kenya Depending on the quality and type of beans, the prices per 90 kg […]
The post A Look At…
- The NSSF contribution increase, which was approved by the Court of Appeal, will now see workers pay 2000 shillings instead of 200 shillings. Although this may seem a significant hit to workers’ pockets, NSSF has reassured the public that this change will benefit them in the long run. The statement…
- The Ministry of Education released the list of subjects for junior secondary schools in Kenya. The Junior Secondary Schools will be offering 23 subjects to the first inaugural Grade Seven Class. Students would pick 14 subjects with Mathematics and English made compulsory. According to the Kenya…
- Teachers and lecturers have opposed the proposal of the government to privatize public universities and schools, threatening to down their tools. On 7th February, the education stakeholders led by the Universities Academic Staff Union (UASU) Secretary General (SG), Constantine Wasonga, stated that…
- LG Electronics is pleased to announce Dong Won Lee as its new Regional Managing Director for East Africa (EA). He replaces Sa Nyoung Kim who served as LG EA Managing Director for three years since January 2020. Before his appointment, Dong Won Lee was the Managing Director of LG Iraq. A position he…
- By Brian Asalachi The Last of Us The series is about Joel, a grizzled survivor of a dangerous post-pandemic world, who has lost his sense of morality after the loss of his daughter, and Ellie, a young girl with her own struggle to find real human connection, who are forced together and must travel…
- Kenyan manufacturers are paying the WORLD’S HIGHEST fees for excise tax stamps – even before the controversial price increase proposed by the National Treasury kicks in. If the proposal by the Treasury comes to pass, the cost will go up by more than 300 percent. The discredited stamps, which are…
- According to analysts from Xplico Insurance, the time for Kenyan small and medium enterprises (SMEs) to embrace insurance coverage is long overdue. According to the industry player, the immense contribution of the SME sector to the Kenyan economy is unmatched. Kenya’s economy thrives on the…
- Lipa Later has signed a Memorandum of Understanding (MOU) with the County Government of Mombasa to power digitization and supercharge growth for SMEs across the county. In today’s rapidly evolving business landscape, digitization has become a crucial aspect for small and medium-sized enterprises (…
- Technology is changing at a terrific speed. It is like a bullet train that long left the station with those not on board risking being left out, forever. Each new day comes with new trends in technology and it is becoming increasingly hard for brands to catch up. One of the sectors in Kenya that…
- The National Social Security Fund (NSSF) has welcomed the decision by the Court of Appeal consenting to the full implementation of the NSSF Act No. 45 of 2013. According to NSSF, the ruling is a significant milestone and a big win for Kenyan workers. “This will provide members the opportunity to…
- Turnover rose by 218.55 percent to 475.17 million shillings up from 149.17 million shillings the previous trading day. Foreign investors were the key market players. They accounted for 56.41 percent of the total market turnover. Foreign investors turned bullish printing a net inflow position of 147…
- The 2023 Grammy Awards took place on Sunday, February 5, in Los Angeles. Beyoncé went into the ceremony with the most nominations this year with nine in total. Kendrick Lamar had eight nominations, and Adele and Brandi Carlile each got seven. A bunch of artists, including Future, Harry Styles, Mary…
- Jupiter is not just the largest and most massive planet in the solar system, now, the gas giant also boasts the largest number of moons orbiting it after scientists discovered another 12 moons, bringing the behemoth’s total up to 92. The discovery was made during observations by astronomer Scott…
- Education Cabinet Secretary Ezekiel Machogu has addressed concerns by headteachers in junior secondary schools over the delay in the deployment of Grade Seven teachers. While addressing the press in Nairobi on Monday, February 6, Education CS Machogu assured all public schools that the government…
- The Nairobi Global Trade Centre (GTC), the region’s most anticipated premier lifestyle and business destination, has reached a development milestone – the Executive Residences are now ready for occupation. Alongside, both the Office Tower and Retail zones are currently being leased with official…
- More than 4,300 people have been killed and thousands injured after a magnitude 7.8 earthquake struck Turkey and Syria early Monday, according to officials and agencies. Turkey’s toll rose to 2,921 as of Tuesday morning, according to Yunus Sezer, Turkey’s head of disaster services. A total of 15,…
- Each year’s list of the world’s richest people may have a different set of names, depending on the fortunes of its members. The list can vary depending on net worth and financial performance. According to Forbes, billionaires are some of the most powerful people on Earth, wielding significant…
- The Teachers Service Commission (TSC) has set the date for the verification of documents for Primary Teachers Education, PTE, who seek deployment to junior secondary schools. Recently, TSC opened an online application portal for P1 teachers with Degree and Diploma secondary options to apply. TSC…
- The move to want to increase the cost of excise stamps for bottled water, juices, and any other non-alcoholic drinks, cosmetics, alcoholic beverages, tobacco, and nicotine products and export products subject to excise with effect from 1st March 2023 is ridiculous. The move is not only going to…
- NCBA Managing Director and CEO, John Gachora, has weighed into the lending interest rate discussion in Kenya and its impact on loans. According to Mr. Gachora, when the banks increase their interest rates, they “make money very expensive.” According to the NCBA MD, the Central Bank Rate that was…
- The Teachers Service Commission (TSC) is set to begin posting teachers who were recently recruited to schools from Monday, 6th February. In December 2022, the TSC advertised for mass recruitment of teachers and invited them across the country to apply for the 35,550 vacancies in primary and…
- First, it is important to note that Nokia C21 Plus is an “ultra-affordable device” but one that comes with more features that are more sophisticated than other devices within the same price range. This is, therefore, a device for someone who wants an affordable phone but one that comes with optimum…
- CFAO Motors, through the Toyota Kenya Foundation Academy, has announced the graduation of 30 trainees consisting of refugees from Kakuma, Kalobeyei Camp, and Turkana County under the Toyota Service Technician for the 21st Century (TST21) program. The trainees, drawn from the informal (Juakali)…
- The ThinkYoung Coding School organized in partnership with Boeing has successfully concluded its 17th edition in Nairobi, Kenya. During two weekends on January 28-29 and February 4-5, 2023, over 60 teenagers were introduced to coding through ThinkYoung’s boot camp. The program featured an…
- I am of the opinion that we as Africans have the solutions to everything that ails us. We lack the right leadership to achieve this. We have picked western behavior and cultures that have created a serious conflict within ourselves. Our moral compass is broken and the worst of the worst are our…
- KCB Group has set aside 700 million shillings to support the 2023 scholarship cohort through secondary and tertiary education. Through the KCB Foundation, its social investment arm, the funds will see the lender cater for tuition fees for the four years of secondary school and tertiary level. Those…
- The Kenyan shilling weakened by 0.06 percent on Friday to close the day at 124.59 (-0.99 percent year-to-date). This is the lowest the local currency has fallen in history. Experts have continued predicting doom for the local currency. On slightly positive news that might not last, the shilling…
- I came across a message doing rounds across WhatsApp groups warning people against updating their M-Pesa App. The message purports that when you do, your phone will go off. As a typical Kenyan, I wanted to “see it with my own eyes.” Luckily, my app needed an update for the M-Pesa App. I update it…
- The 2023 TCS London Marathon elite men’s field will be a memorable occasion when, for the first time in history, two men who have run under two hours and two minutes will be lining up together. The field will be a landmark occasion when, for the first time in history, two men who have run […]
The…
- Saving money can be tough these days. It seems everything is so expensive, which can make it challenging to get ahead. But saving money doesn’t have to be an uphill battle. It seems everything is so expensive, which can make it challenging to get ahead. There are lots of new habits you can adopt…
- The 2023 TCS London Marathon elite men’s field will be a memorable occasion when, for the first time in history, two men who have run under two hours and two minutes will be lining up together. The field will be a landmark occasion when, for the first time in history, two men who have run […]
The…
- The Competency-Based Curriculum (CBC) is now in its fifth year of implementation with the first cohort of learners now in grade five. The parents are required by the schools to purchase new school uniforms and other necessities besides paying school fees for students joining the junior secondary…
- Purchasing or selling real estate property can be confusing and overwhelming. It is important that you work with professionals who understand the complexities of the transaction. Finding a real estate professional with experience dealing in land transactions is essential to ensure success. In Kenya…
- Kenya’s leading real estate developer, Mi Vida Homes has sold 100 percent of its one-bedroom apartments and 75 percent of its studio apartments at its latest project months before groundbreaking, expected to take place in April 2023. The massive sales by Mi Homes in its latest project dubbed 237…
- The Kenyan shilling has been receiving massive beatings from the US Dollar for the longest time, falling the lowest in history at the end of the month of January. And from the FXPesa report, there seems to be little to no hope for the local currency given the current dynamics. In their inaugural…
