- Absa Bank’s SHE Stars Program has graduated its first cohort of 257 women entrepreneurs who went through blended finance and business development services capacity building aimed at increasing the growth and competitiveness of women-owned MSMEs. Speaking during the graduation ceremony at a Nairobi…
- Octagon Africa scooped an award in the digital transformation category for being a Top 100 mid-sized company for the year 2022 in recognition of its efforts in the digitization of retirement savings. Digital transformation, in line with our 2020-2024 strategic plan, means adopting a digital-first…
- DTB Group released its 3Q22 results reporting a 21.1 percent y-o-y improvement in after-tax profits to 6.3 billion shillings. The DTB’s profits were supported by a 43.5 percent y-o-y growth in non-funded income to 6.9 billion shillings and a 14.1 percent y-o-y increase in net interest income to 16.…
- Agribusiness firm Kakuzi PLC has completed several education support programs worth more than Kshs 24 million in its Makuyu Sub County operating locality. The education support programs comprising infrastructure development and related works have been undertaken at more than a dozen public…
- Meet Wawira Njiru, a nutritionist, entrepreneur, and founder of Food4Education who believes that providing a healthy lunch to children will impact their school attendance and development. In fact, schools that are enrolled in school feeding programs consistently will have up to 20% better…
- As women in business continue to dominate Kenya’s business space, Absa Bank Kenya has been at the forefront of empowering women entrepreneurs through coaching, training, access to markets, and access to credit. Through the SHE Stars Program, Absa Bank Kenya has graduated its first cohort of more…
- The Kenyan government is set to provide a 500,000 shillings loan to the registered teachers under the Teacher Service Commission, TSC, to further their studies. As we all know, going to school is a dream that most Kenyan students have. It is often very devastating when they realize that their…
- Duka owners or micro-retailers have embraced the use of technology in operating their businesses, which is improving performance, says the non-profit international development organization TechnoServe. TechnoServe says micro-retailers are using digital solutions provided by Retail Pay, Tanda, and…
- As part of efforts to ramp up COVID-19 vaccination in Africa, Trace Foundation with support from the German Cooperation project on Strengthening Crisis and Pandemic Response in Africa, implemented by German Development Cooperation (GIZ) Office to the African Union (AU) will host a media engagement…
- Four days into the most popular sporting event in the world, the 2022 FIFA World Cup, GOtv has extended its signal in Taita Taveta County. Voi residents will now enjoy all remaining no less than 48 remaining games as well as entertaining kiddie content as schools close. GOtv continues to keep its…
- NCBA Group released its 3Q22 results reporting a 96.2 percent y-o-y upswing in after-tax profits to 12.8 billion shillings. The profits were steered by a 40.1 percent y-o-y growth in non-funded income to 22.5 billion shillings, a 15.1 percent y-o-y increase in net interest income to 23.2 billion…
- Standard Chartered Group released its 3Q22 results recording a 37.1% y-o-y increase in profit after tax (PAT) to KES 8.7 BN. Performance was supported by a 10.3% y-o-y increase in total operating income to KES 24.6 BN and a 78.6% y-o-y decline in loan loss provision expense to KES 621.0 MN. EPS for…
- By Aldemiro Bande Mozambique has always been subject to persistent food insecurity, due in part to low investment in food production and natural disasters. Now it is witnessing on its doorstep a shock coming from the Russian-Ukrainian war – sharply rising food prices. Matilde Jose, 40, is a…
- Huawei has joined a global digital alliance led by the International Telecommunication Union to bring more than 120 million people living in unconnected rural areas to the Internet. Known as Partner2Connect, the international digital alliance aims to deliver digital connectivity to more than 80…
- Jumia, Africa’s leading e-commerce platform, announced that it will put a 14 seater Commercial Matatu (van) on Flash Sale and also bring back the most popular products for the ultimate Black Friday on 25th November from 10:00 AM. The best discounts on the platform include phones, TVs, and home…
- NCBA Group PLC has posted a profit before tax of KES 18.2 billion in its third-quarter results ending September 30th, 2022, which is a 65 percent increase compared to 11.1 billion shillings reported during a similar period last year. The Group registered a profit after tax of 12.8 billion shillings…
- The dx100 Symposium and Awards (formerly CIO 100 Awards), organized by dx5, a digital transformation company, started off successfully on its first day Wednesday, 23, 2022. The first day of the three-day event saw a couple of discussions on topics bordering on Digital Transformation. The 14th…
- NCBA Bank Kenya has released their Q3 financial results with net income growing by 96.2 percent on a year-to-year basis to hit 12.8 billion shillings. At the same time, the foreign exchange trading income grew by 162.9 percent to 9.2 billion shillings on a year-to-date basis. Assets for the lender…
- Kenyans will have to pay more for loans after the Central Bank of Kenya raised the Central Bank Rate (CBR) by 50 points from 8.25 percent to 8.75 percent. This is the third time the CBK has raised the base rate this year. ”The Committee noted the sustained inflationary pressures, the elevated…
- We need money for virtually everything. We need money for food, clothing, medication, vacation, and investment, to give our loved ones a befitting send-off among other needs. There is nothing that money cannot do. The only thing that money cannot buy is life, but it plays a role in prolonging it.…
- Iran has been convulsed by protests for over two months now. Since the uprisings began – ignited by the death of Mahsa Amini – Iran’s regime has unleashed a campaign of repression. An extreme climate of fear prevails in the country as the crackdown intensifies. Despite the fear and difficulty in…
- The ongoing World Cup comes with its share of surprises. In a historic move, Saudi Arabia pulled off one of the biggest shocks in World Cup history as they came from behind to stun two-time winners Argentina in a fantastic Group C opener in Lusail. Ranked 51st in the world, Saudi Arabia could have…
- Agri-processing companies are at the forefront of building resilient and regenerative food systems in sub-Saharan Africa. The Agribusiness in Africa Window – Round 2 (AAW-R2) – a CAD $20 million program co-funded by Global Affairs Canada (GAC) and AGRA, and implemented by AECF (Africa Enterprise…
- The annual Mastercard Taste of Nairobi culinary affair returns to the city, offering an unforgettable dining experience from the 16th of November to the 16th of December 2022. In partnership with EatOut, over 25 restaurants will participate, highlighting the incredible dining experiences available…
- Standard Chartered Bank’s profit before tax increased 38 percent year on year for the nine months to September 2022 with the lender attributing the performance to a healthy business momentum that continues to drive growth with income up 10 percent. “Costs increased 9 percent because of inflationary…
- The Teachers Service Commission, TSC, Act 2012 Article 237, requires the commission to register all qualified teachers before they can teach in any public or private institution. A teacher who meets the requirements for registration will be issued with the certificate of Registration bearing a TSC…
- Parents with children in boarding schools will have to dig deeper into their pockets in order to finance their children’s education after the government through the ministry of education issues new fee guidelines for 2023 bringing to an end the subsidized fee program introduced in the 2021 school…
- Kenya’s mobile lender Zenka Digital has partially written off 166 million shillings of past due interest across its loan portfolio, a move that will see its non-performing borrowers breathe a sigh of relief as the cost of living continues to bite. The announcement comes amidst the Central Bank of…
- The value of unclaimed Bonga Points by Safaricom has hit 4.5 billion shillings. The giant telecommunications company has now introduced an expiry date as a way of encouraging Kenyans to redeem their points. According to Safaricom, all Bonga Points will now expire after three years. This means that…
- Small retail stores, known as Dukas have mushroomed in Nairobi. That aside anyone would confess how convenient they are for all of us. It could be that one time you forgot you need to replenish the salt in the house. Or that time you wanted to buy groceries and maize flour and you found them […]…
- Football is the only thing that brings Kenyans and people around the world together. It is the only game where people agree to disagree, differ to unite, shed tears to smile, join differences into harmony and make the world speak one language. For Kenyans, two major football events define them; the…
- Liquid C2, a business of Cassava Technologies, a pan-African technology group, opened the doors of its first Cyber Security Fusion Centre (CSFC) in Nairobi, Kenya, making this the second center of its kind in Africa. “Kenyan businesses have seen increased digital adoption, and the country’s…
- It is said that with great power comes great responsibility. Individuals who make it to the national limelight enjoy more opportunities to influence society than ordinary people and once they are favored by a number of followers, their interest in certain issues leads to the snowballing of…
- For years, the population of elephants within and without Kenya has been dwindling. However, stats by the Kenya Wildlife Service indicated Kenya’s elephant population started increasing by 5 percent annually, with an estimated 36,280 elephants in 2021. Of that population, 15,989 are located in the…
- Jacktone has been a trader in Nairobi for the last 6 years, he sells second-hand shoes. In 2020 at the height of the Covid pandemic he left his rented stall in Gikomba for a small store in the Lucky Summer area of Nairobi. His biggest expenditure was on rent and he could not manage to […]
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- Old Mutual Kenya has partnered with Pfizer and Goodlife Pharmacy to offer Pneumococcal vaccination to its insured members. The vaccination drive targets Old Mutual Health members over 65 years old and those living with chronic conditions. Vaccines are a key tool in reducing the burden of Pneumonia…
- Binance, the world’s leading crypto and blockchain infrastructure provider, has announced the appointment of Nadeem Anjarwalla as its Director for East Africa, leading business operations across over 12 markets in the region. He brings with him extensive experience in building and scaling business…
- Kenya’s economy runs on the wheels of entrepreneurs. The sector employs at least 86 percent of the population and contributes at least 30 percent to Kenya’s gross domestic product (GDP). Despite the advantages that these retailers have on the Kenyan economy, they still face a myriad of challenges…
- Anthony Omerikwa has retired as the Chief Executive Officer (CEO) of the National Social and Security Fund (NSSF) after 7 years at the helm. The NSSF board appointed David Mwangangi as the acting CEO, effective Tuesday, November 22, 2022. The outgoing CEO joined the trust 11 years ago as a manager…
- Hybrid means the vehicles use both gasoline and an electric motor. They automatically choose which option to use depending on driving circumstances to ensure fuel efficiency. We have listed a few units that are readily available for purchase in Kenya. Mitsubishi Outlander PHEV The 4×4 Outlander…
- Sophos today published its 2023 Threat Report. The report details how the cyber threat landscape has reached a new level of commercialization and convenience for would-be attackers, with nearly all barriers to entry for committing cybercrime removed through the expansion of cybercrime-as-a-service…
- Total revenue collected as of the end of October 2022 by Kenya Revenue Authority amounted to 636.4 billion shillings equivalent to 29.7 percent of the original estimates of 2,141.6 billion shillings for FY’2022/2023 and is 89.2 percent of the prorated estimates of 713.9 billion shillings. “We note…
- The International Finance Corporation (IFC) disclosed that it would extend USD 100.0 million (12.2 billion shillings) to Diamond Trust Bank (DTB) under the WCS COVID-19 FIGE response facility in form of a senior debt investment with 24-month maturity and renewable once on an aggregate of up to 36…
- The Kenyan shilling depreciated by 0.2 percent against the US dollar to close the week at 122.0 shillings from 121.8 shillings recorded the previous week. The performance of the local currency last week was partly attributable to increased dollar demand from importers, especially oil and energy…
- T-bills remained oversubscribed last week albeit at a lower rate, with the overall subscription rate declining to 170.8 percent from the 204.5 percent recorded the previous week. The lower subscription is partly attributable to tightened liquidity in the money market with the average interbank rate…
- As World Cup officially kicks off, the giant gaming company in Kenya, SportPesa, has partnered with KBC Channel 1 to display key world cup matches on a big screen in selected towns around the country. The first match between hosts Qatar and Ecuador will is being aired live to football fans in…
- Dr. Christopher Khisa has been honored and hailed for his positive contribution to the public relations and communications sector within the country. The academician and PR mogul is one of the experts whose wheels of knowledge the PR sector thrives. Dr. Khisa, currently the Manager, Public…
- Exchange Rate Performance The Kenyan shilling has continued to lose ground against the US Dollar. On Friday, the local currency ended the week falling at the lowest in history. It weakened 0.04 percent against the US Dollar to close at 122.03 (-7.86 percent year-to-date). On a positive note, the…
- Emirates announced that it will increase the frequency of its services to offer double-daily flights between Dubai and Nairobi. Starting from 15 December, the airline will fully restore its services to pre-pandemic levels by bringing back all fourteen flights on the Dubai–Kenya route, providing…
- Huawei has unveiled a raft of new technologies for local telecommunication operators that are designed to drastically cut energy costs. Generally, the energy consumption of mobile antennas has been increasing as mobile operators continue to offer more services to a rising number of mobile…
