- John Gachora, the Managing Director and CEO of NCBA Bank Kenya has said that the lender is ready to pay the Kenya Revenue Authority 350 million shillings that were waived off during the merger should the court rule otherwise. Speaking on KTN News on Thursday afternoon, Mr. Gachora said contrary to…
- Tomato prices have skyrocketed in the past months, forcing Kenyans to dig deeper into their pockets to enjoy a well-flavored meal. A spot-check by The Soko Directory around Nairobi estates revealed just how tomato prices have increased uncontrollably. One tomato at Ngara market and Ruaraka, around…
- The Competency-Based Curriculum, CBC, joining Junior Secondary school, JSS, began on 30th January 2023 as some schools are yet to kick off. The Kenya National Union of Teachers (KNUT) has called for urgent action from the government to deploy teachers countrywide for learning to start in Junior…
- EssenceMediacom has launched in Kenya with an ambition to deliver marketing breakthroughs for its clients. Disrupting the old models across media, creativity, innovation, and analytics, the agency has been built to find a new opportunity for brands and deliver truly integrated media solutions.…
- “The overall year-on-year inflation rate as measured by the Consumer Price Index (CPI) was 9.0 percent in January 2023. The CPI increased by 0.2 percent from an index of 128.99 in December 2022 to 129.29 in January 2023,” said the Kenya National Bureau of Statistics. Although January inflation…
- The Teachers Service Commission, TSC, carries out continuous registration for qualified persons as teachers. The commission also reviews the standards of education and training of persons entering the teaching service. Once registered, one gets a TSC Number and Certificate. The TSC Act (2012)…
- The Tony Elumelu Foundation (TEF), through its entrepreneurship program, is giving at least USD 5000 as seed capital to entrepreneurs across Africa to enable them to kickstart and turn their business and entrepreneurial ideas into reality. The seed capital from TEF to upcoming entrepreneurs comes…
- The Africa Development Centre, Microsoft’s premier engineering arm, has announced a collaboration with Kenyan technology universities to review their curriculums and make them more relevant to industry needs as the center ramps up its digital skilling efforts in the country. As part of the program…
- Emirates has operated its first milestone demonstration flight on a Boeing 777-300ER, powering one of its engines with 100% Sustainable Aviation Fuel (SAF). The flight took off from Dubai International Airport (DXB) and was commanded by Captain Fali Vajifdar and Captain Khalid Nasser Akram, flying…
- Sendy has introduced a Payment on Delivery product for e-commerce and social commerce vendors in Africa. This product will facilitate secure online shopping in Africa by supporting the way online payments are made, allowing customers to make purchases without any security concerns. Through this…
- Equity Bank (Kenya) Limited (EBKL), has completed the acquisition of certain assets and liabilities of Spire Bank Limited following receipt of regulatory approvals from the Cabinet Secretary Treasury and Planning and other stakeholders. The completion of the acquisition follows an announcement that…
- Realme has announced its cooperation with Coca-Cola®, one of the world’s most iconic and enduring brands. Realme has confirmed to launch of realme’s first Coca-Cola Smartphone, the realme 10 Pro 5G Coca-Cola Edition, on February 10th, 2023. The Realme Cola phone will be a game-changer that sets a…
- Convergence Partners, the leading private equity investor dedicated to the technology sector across sub-Saharan Africa, is proud to announce the successful closing of its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million, surpassing its initial target by over 18%. This…
- Kenyan motorists are set to pay traffic congestion charges and companies hit with a new tax for every tonne of carbon emitted from their plants if a new tax proposal by the National Treasury sails through. The Treasury disclosed plans for the daily variable toll in a policy document made public on…
- According to HassConsult, house prices dropped by the biggest margin in the quarter to December in over four years amid an oversupply of homes and costly bank loans. The price of an average house within the city fell 2.2 percent during the period, marking the first contraction since June 2020 at…
- Kenya Association of Manufacturers (KAM) has protested the proposed Excise Duty regulations that seek to increase the rates 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…
- Safaricom has appointed Esther Masese Waititu as Chief Financial Services Officer effective 21st February 2023. Reporting to the Chief Executive Officer, Esther will be responsible for providing strategic leadership and oversight to Safaricom’s Financial Services Business. She will lead financial…
- There is confusion in many parts of the country as Competency-Based Curriculum (CBC) began joining Junior Secondary Schools (JSS) on January 30th January 2023. The first group of Grade 7 students under CBC reported to school on the same day, after months of the curriculum being subjected to review…
- For a long time now, cervical cancer has been one of the most lethal non-communicable diseases among women. Despite the many interventions that have been put in place by the Ministry of Health and other stakeholders to contain it, studies and projections reveal a worrying trend for women of all…
- Power management company Eaton has begun integrating Tripp Lite partners in Eastern Africa to the larger family & increase consumer access to a vastly expanded product portfolio, with further developed capabilities to support distributed IT and edge applications. Tripp Lite brand is no stranger…
- HMD Global has announced the second Nokia tablet, Nokia T10, joining its in-demand tablet range. Engineered to last longer through a combination of signature durability, frequent security updates, and guaranteed Android software upgrades, with Android 12 right out of the box. Nokia T10 delivers…
- Online movie streaming sites offer an easy and convenient way to download favorite TV shows and movies at a specific cost. People who do not wish to pay are the ones who get attracted to an illegal platform very quickly. Also, such free websites are highly vulnerable to virus attacks. Watching a…
- Bliss Healthcare’s Board of Directors has announced changes to its leadership structure with the appointment of Dr. Denis Ogolla as the new Chief Operating Officer. This was after the promotion of its former Chief Operating Officer, Dr. Gabriel Njue to the role of Chief Executive Officer. The…
- The Teacher Service Commission, TSC, has started the process of deploying teachers to junior secondary schools by asking for the details of P1 teachers. Admission to Junior Secondary started on 30th January but TSC is yet to finalize the recruitment and deployment of 30,000 teachers scheduled to…
- Education Cabinet Secretary Ezekiel Machogu has issued a ban on early morning and evening classes. On Monday, January 30th, the CS decried that teachers were overburdening students leaving them with little or no time to rest. Machogu warned schools against forcing students to report before the…
- Commercial International Bank from Egypt has been given a go-ahead by the Central Bank of Kenya to acquire the remaining 49 percent of shares from Mayfair Bank Limited. The acquisition, according to the Central Bank, takes effect from January 31, 2023. With the acquisition, the Commercial…
- The Central Bank of Kenya through the Monetary Policy Committee has retained the Central Bank Rate at 8.75 percent on the account that “the current monetary policy stance remains appropriate.” The Committee met against a backdrop of a weak global growth outlook, the decline in global commodity…
- Every commercial bank in Kenya currently has a digital banking service either through a USSD or a mobile banking app. Many are striving to leave the traditional brick-and-mortar and concentrating their services on mobile. As the Governor of the Central Bank of Kenya, Dr. Patrick Njoroge once put it…
- Absa Bank Kenya has unveiled an Automatic Teller Machine (ATM) withdrawal option on its mobile wallet platform Timiza, allowing subscribers to withdraw funds from any of the bank’s ATMs across the country. Absa Bank’s Head of Digital Channels Steven Omamo said the upgrade on Timiza is in line with…
- Junior Secondary School, JSS, students are reporting to school on 30th January, ushering in the second part of the Competency-Based Curriculum (CBC). However, the implementation is hampered by a lack of infrastructure and financing shortfalls, with the government yet to provide the promised…
- Sarova Hotels and Resort’s city property, Sarova Panafric Hotel scooped a top award at the World Luxury Hotel Awards, in a global exercise that required both existing and potential customers to vote for their favorite luxury hotel and resort. The luxury Nairobi-based hotel scooped the award for the…
- Africa is a huge continent made up of 54 countries and over a billion people. It has been home to some of the world’s oldest civilizations and today has some of the fastest-growing nations in the world. Africa is a place that often appears to confound expectations and defy convention, a place…
- Middle East Energy, the leading energy industry event in the MEA region, will be making its anticipated return to Dubai World Trade Centre on 7 – 9 March 2023 to guide energy transition conversations across the globe. Organized by Informa Markets, the leading global exhibitions organizer, it is set…
- Shadrack Kiprotich is the 2022 recipient of Microsoft’s Most Valuable Professional (MVP) Award for actively sharing high-quality expertise with other technology professionals. With just over 3,000 awardees worldwide, the Microsoft MVPs are an elite group of experts who share a passion for…
- According to the Teachers Service Commission, TSC, primary school teachers would be given preference for the openings needed to fill the teacher shortage during the operationalization of junior secondary schools, JSS. In a statement released on Saturday, January 28, TSC announced a window for…
- The Kenyan economy has an uphill task to sail through this year. Given the struggling performance of the Kenyan shilling, and with investors skeptical of the Kenyan taxing policies, the economy is going to need more than hope and prayers this year. Here are some of the risks that the economy should…
- LG Electronics (LG) introduced a new line of minimalist-design appliances, including a washer and dryer, at CES 2023. Distinctive and durable, the products reflect LG’s strong commitment to sustainability, featuring recycled materials inside and out, and requiring fewer parts and less energy to…
- According to the Kenya National Bureau of Statistics (KNBS) Q3’2022 Gross Domestic Product Report, the Kenyan economy recorded a 4.7 percent growth in Q3’2022, significantly lower than the 9.3 percent contraction recorded in a similar period in 2021. The average GDP growth rate for the 3 quarters…
- The world is evolving fast. Faster than human beings can catch up. Technology is becoming the order of the day, and before we know it, Artificial Intelligence (AI) will run anything and everything worldwide. As the world advances in terms of technology, a smartphone has become the only SI unit that…
- National Transport and Safety Authority (NTSA) launched the new generation plates in August 2022, as it moved to curb fraud and crime in the industry. The plates also have a unique identification number (serial number) tied to the chassis number of the vehicle. According to a notice shared on…
- The Kenya Union of Post-Primary Education (KUPPET) has issued new demands for an increase in teachers’ house allowance following unfairness in allocation. On January 25, KUPPET Secretary-General (SG) Akelo Misori called on the Salaries and Remuneration Commission (SRC) to equalize the allowances.…
- According to the World Health Organisation, more than 2 billion people over the world are affected by micronutrient deficiencies, and the bulk of that number is in developing countries. Micronutrients account for approximately 7% of the global disease burden, and they play a key role in the growth…
- Heifer International, a global non-profit organization, and Mastercard have announced an agreement to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard’s Community Pass – a digital platform that makes it safer and easier for farmers to get paid more and faster for their…
- The average rental yield for serviced apartments within the Nairobi Metropolitan Area increased by 0.7 percentage points to 6.2 percent in 2022 from 5.5 percent in 2021, with Westlands and Kilimani being the best-performing nodes, with rental yields of 9.3 and 7.2 percent respectively compared to…
- The insurance and reinsurance markets are drastically evolving in an unpredictable world of new risks, either underestimated or just dynamic and challenging to model. We have witnessed rising costs of claims since the onset of the Covid-19 pandemic. The world is now being bogged down by…
- East African Breweries PLC (EABL) has reported Kshs 57.3 billion in net sales for the half year ended 31 December 2022, representing a 4 percent growth compared to the same period last year. During this period, Group volumes declined by 4 percent year-on-year, as price increases impacted consumer…
- Global Technology Company Epson has unveiled the production of sustainable textile creations, made possible through the utilization of Epson’s digital textile printing technology. Epson, Regional Head East, and West Africa, Mukesh Bector says the global fashion industry has seen an enormous…
- Schools have reopened and questions have risen over among other details, the guidelines, infrastructure, and teachers’ utilization. It is now evident that the Teachers Service Commission (TSC) will deploy practicing P1 teachers to teach in the junior secondary in February 2023. The TSC had ordered…
- Fairly priced smartphones helped some mobile vendors to keep up their shipment numbers in a tough year characterized by a general slow-down in the economy, realme PR and Marketing Manager has said. The high cost of living and weakening of the Shilling against the dollar and volatility in other…
- The Festive season has passed, and the responsibilities of the new year are a reality, but GOtv customers still have reason to celebrate as more entertainment comes their way from today! Following the current offer where customers simply need to remain connected to be upgraded to the next highest…
