- Kenya’s iconic city-based hotel, Sarova Stanley, scooped Kenya’s Leading Hotel award in the World Travel Awards (WTA) for 2022. The historic awards were held in Africa for the first time at the iconic Kenyatta International Conference Center (KICC). Sarova Stanley has over the years remained Kenya’…
- In collaboration with the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA), Emirates Airlines is now offering international travelers the opportunity to speed up their airport experience by consenting to the use of biometric data. The agreement was signed by His Excellency…
- The Horticultural Crops Directorate Director Benjamin Tito has warned of a 17 percent reduction in horticulture earnings by December 2022. Tito last week said projections indicate that the sector’s earnings will drop by over 20 billion shillings owing to the prevailing drought witnessed in various…
- The initiative will support organizations such as United Nations Development Programme, Sustainable Energy for All, Net Zero Atlantic, Miyakojima City Government, and Environment Without Borders Foundation for this IBM Sustainability Accelerator environmental cohort IBM will donate $30M worth of…
- Coca-Cola Kenya has officially kicked off the FIFA World Cup 2022™ by flagging off four winners flying to Qatar to attend and experience the live matches in a bid to enhance the customer experience in this year’s World Cup. Coca-Cola, the world’s largest beverage company, has been a FIFA partner…
- Beko, one of the top three large-home appliances brands in Europe, has announced a new partnership with Water.org to support a community program that will empower 10,000 Kenyans in need with access to safe water and sanitation solutions According to Water.org, 15 percent of Kenyans rely on…
- The African Union Special Summit of the Heads of State and Government convened and adopted a 12-Resolution framework dubbed the “Abuja Declaration on Fertilizer for the African Green Revolution. It sought to guide sub-Saharan African countries on measures to take to improve soil health and…
- A man travels the world over in search of what he needs and returns home to find it. Simply put, home is where the heart is. That is why homeownership is one of the most fulfilling achievements one can attain. So, how can you start your home ownership journey? Kenya has an annual housing demand…
- Footballing icon Didier Drogba has been awarded the inaugural CNN Off the Pitch Award at this year’s Globe Soccer Awards in Dubai. This new award especially recognizes the achievements of an individual, club, or other soccer organization for their impact on wider society and culture as well as…
- Pension Fund Trustees and stakeholders of the Pensions Industry have been urged to further enhance and improve the retirement benefits framework in the country in a bid to woo both the informal and formal sectors into saving for retirement. From a recent publication of the Zamara Kenya Pensions…
- Access to energy is crucial not only for the attainment of health and education outcomes but also for reducing the cost of doing business and for unlocking economic potential and creating jobs. In this regard, it is wise that every household, in Africa and across the world subscribes to appliances…
- CNN’s Chief Medical Correspondent, traveled to Denmark to uncover the dark origins and mysteries of what’s believed to be the largest collection of human brains anywhere in the world in a new hour-long special, World’s Untold Stories: The Brain Collectors, aired on Saturday, November 12 on CNN…
- BasiGo, the first company to introduce electric buses into Kenya, has announced $6.6 million in new funding led by Mobility54, the corporate venture capital arm of Toyota Tsusho; Trucks VC, a transportation-focused venture capital fund in Silicon Valley; and Novastar Ventures, a global VC…
- Microsoft, through its Africa Transformation Office (ATO), has announced a partnership with the International Finance Corporation (IFC) to support digital transformation in Africa’s agricultural sector. In a session during the Adaptation and Agriculture Day at COP27 in Egypt, the two organizations…
- The Energy and Petroleum Regulatory Authority (EPRA) on Monday announced a 1 shilling drop in the price of fuel effective Tuesday, November 15. In the latest review, a liter of super petrol will retail at 177.30 shillings, diesel at 162 shillings, and kerosene at 145.94 shillings. “The prices are…
- Sophos announced that its endpoint security products ranked as the industry best in all three of SE Labs’ protection tests in the third quarter of 2022, achieving AAA ratings across the board. In the Enterprise, SMB, and Consumer categories, Sophos endpoint security products earned a 100% rating…
- The SportPesa Midweek Jackpot has now hit 12,132,689 shillings (12.13 million shillings). The amount has started rising steadily once again after one that hit 38 million shillings was won towards the end of the month of October. With most of the matches, this week being between countries as they…
- Britam General Insurance has launched a new travel insurance plan in partnership with Kenya’s leading tour and travel company, Bonfire Adventures, and digital innovation lab Qhala. Under this partnership with Britam, Bonfire will offer all their domestic travel customers, free travel insurance…
- How often do you think about your life after retirement? Will your today’s plan lead you to a comfortable life after retirement? Well, these are some of the questions that should be lingering in the mind of every saver aspiring to live peacefully in their golden years. The current retirement age in…
- Absa Bank Kenya promised to equip and support micro, small, and medium businesses across the coastal region by helping them access finances, free training, and coaching to help them wade through the myriads of challenges facing MSMEs. In conjunction with the Kenya National Chamber of Commerce and…
- Exchange Rate Performance The Kenyan shilling opened the week in the red. On Monday, the local currency weakened against all major currencies; US Dollar, Pound, and Euro. Against the US Dollar, the Kenyan shilling weakened 0.04 percent to close at 121.83 (-7.68 percent year-to-date). It shed off 2.…
- The unwritten rule within Nairobi and other parts of the country is that weekend is a general cleaning day. Saturdays or Sundays are days that laundry must be done whether the rain pours or the sun hits the ground with golden rays. Moving across the city on either Saturdays or Sundays, one will not…
- Equity Group and the family of Dr. James Mwangi have donated Kes 120 million (USD 1 million) to address the plight of Kenyans affected by the current drought in the country. The amount is composed of Kes 60 million from Equity Group and another Kes 60 million from the family of Dr. James Mwangi.…
- Farmers urgently need government support to increase their use of digital tools, in light of increasing environmental and economic pressures facing Europe and Africa’s farming industry. This is according to a new independent ‘Farmers and Digitalisation’ survey, conducted by Savanta ComRes and…
- The private sector is a section of the economy that is not state-owned comprising private organizations and individual investors and is largely profit-oriented. Private sector credit refers to the financial resources provided to the private sector by financial corporations for the development of…
- The equities market recorded mixed performance with NASI gaining by 0.4 percent while NSE 20 and NSE 25 declined by 0.5 and 0.2 percent respectively, taking YTD performance to losses of 23.3, 12.9, and 17.8 percent for NASI, NSE 20 and NSE 25 respectively. The equities market performance was mainly…
- During the week, the Kenyan shilling depreciated by 0.2percent against the US dollar to close the week at 121.8 shillings from 121.5 shillings recorded the previous week. The depreciation of the shilling was attributable to increased dollar demand from importers, especially oil and energy sectors…
- During the week, T-bills remained oversubscribed, with the overall subscription rate coming in at 204.5 percent, an increase from the 181.9 percent recorded the previous week. The oversubscription was partly attributable to investors’ preference for the shorter-dated papers as they sought to avoid…
- Small and medium enterprises (SMEs) are the engines of economies within and without the African continent. Without them, hundreds of millions would be jobless, and the gross domestic product (GDP) would be on its knees. In countries such as Kenya, SMEs account for more than 80 percent of the…
- Africa’s Energy Week held in Cape Town, South Africa, brought together various leaders to discuss the issue of energy poverty and the transition to renewable energy in the continent. According to Verner Ayukegba, Senior Vice President of the African Energy Chamber, there are “600 million people…
- Huawei Technologies today announced a partnership with the Africa Telecommunications Union to raise the tempo of transferring services to the digital sphere over the next eight years. Kenya was among the member countries attending the AfricaCom 2022 conference in Cape Town South Africa where the…
- Huawei Technologies has set its targets on sea and inland ports with a new system designed to enhance its operational efficiency. Known as an Intelligent Horizontal Transport System for ports and harbors, the technology has been achieved by the unification of data sharing using smart technologies…
- Tea prices at the weekly Mombasa auction fell marginally in this week’s sale marking the first time in the last 10 weeks that the price of the beverage has declined even though it managed to stay above the government-set minimum price. Data from the East African Tea Trade Association (Eatta) shows…
- The Central Bank of Kenya (CBK) on Monday announced the rollout of a Credit Repair Framework by commercial banks, microfinance banks, and mortgage finance companies. According to CBK, the Framework seeks to improve the credit standing of mobile phone digital borrowers whose loans are non-performing…
- An ambulance speeds down the highway to take a critically ill patient to the hospital. Employees in a crowded retail store help shoppers find just the right gift. An airplane cruises at more than 800 km per hour and higher than 9000 meters in the sky. A factory produces equipment. What do these…
- Giant mobile maker HMD Global has unveiled Nokia C31, in Kenya making it the latest smartphone to be launched in Kenya under the C-series. The Nokia C31 features signature durability, an improved 6.7” HD display, and a long-lasting three-day battery life1 with AI-powered battery-saving features.…
- Safaricom’s net profits for the first 6 months dropped by 10 percent to 33.5 billion shillings. The giant telecommunications attributed the drop to the costs incurred during its entry into the Ethiopian market. During the six-month period, total revenue rose by 4.6 percent to 153.4 billion…
- Africa’s premier tech event, the Digital Transformation (dx100) Symposium & Awards (formerly CIO100), will feature key tech leaders as speakers and experts for three days of tech conversation. The event is slated for 23 – 25 November 2022 at the Leisure Lodge Beach & Golf Resort, Diani. “We…
- The Cereal Millers Association (CMA), in it and the Kenya Red Cross Society have partnered to distribute their donations of flour and other food items to approximately 61,000 vulnerable school children in over 150 schools across 9 counties With the assistance of the Kenya Red Cross Society, members…
- Newly sworn-in inspector general of police Japhet Koome has vowed to address the rising cases of insecurity in the country that has led to the loss of lives of innocent Kenyans. Speaking at the Supreme Court just after his swearing-in, Koome warned robbers and muggers who have recently been…
- President William Ruto to decide the fate of Competency-Based Curriculum, CBC, especially Grade six learners who will be joining the junior secondary school in January 2023. On Thursday 10th November, President William Ruto said that learners expected to join junior secondary school could soon know…
- AstraZeneca and health partners today launched an initiative to transform outcomes for cancer patients across Africa. Announced on the margins of the UN Climate Change Conference 2022, COP27, under the patronage of the Egyptian Ministry of Health, the Accelerating Change Together; Cancer Care in…
- The Ministry of Education in Kenya has released the 2022-2023 revised new school calendar for all Pre-Primary schools, primary, and secondary schools, and teachers training colleges. In the new calendar, normalcy has resumed with the first term kicking off on the 23rd day of January 2023. This is a…
- AECF and the Africa Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative have partnered to scale and realize the entrepreneurial capacity, feasibility, and sustainability of women-led/owned small and medium-sized enterprises (SMEs) in Africa. Targeting women-…
- Exchange Rate Performance The Kenyan shilling is still “seeing stars” against the US Dollar, the Pound, and the Euro. On Thursday, the shilling weakened 0.06 percent to close at 121.74 (-7.60 percent year-to-date). Against the Pound, it weakened 0.25 percent to close at 139.69 (+8.13 percent year-…
- The Teachers Service Commission (TSC) is a Constitutional Commission established under Article 237 of the Constitution. It is mandated to, among other things, appoint and deploy institutional administrators. In 2017, the Teachers Service Commission (TSC) published a new policy on the selection of…
- Kisumu county government has pledged to offer 3 million shillings fingerings and feeds to cage fish farmers in Lake Victoria who lost their fish in the last few weeks over fish deaths. According to Kisumu governor Anyang Nyong’o, fish deaths in the region have claimed investors losses estimated at…
- Kenya currently gets more than 90% of its electricity, and 74% of its overall energy, from renewable sources. Ruto told CNN’s Becky Anderson on the sidelines of the COP27 climate summit in Egypt that he didn’t think Africa should be leaning into fossil fuels at all for its energy needs in the…
- Absa Bank Kenya PLC has signed a partnership agreement with Interswitch, electronic payments, and infrastructure company, to provide financial and technical assistance to Small and Medium Enterprises (SMEs) for them to acquire the Kenya Revenue Authority (KRA) Online Tax Invoice Management System (…
- HassConsult released the Hass Property price indices for the third quarter of 2022 showing property prices maintained stability with prices increasing by a modest 0.8 percent. HassConsult notes that house price movements were strongest for the detached housing segment, which is made up of…
