- International water solutions provider Xylem, through their corporate social investment arm Xylem Watermark, hosted a cleanup event at Drive Inn Primary School (Ruaraka) and donated $7000 (Ksh850,000). The funds will go towards rehabilitating the school’s water and sanitation systems. The Drive Inn…
- The October 2022 bonds remained undersubscribed, with FXD1/2017/10 and FXD1/2020/15 receiving bids worth 18.8 billion shillings against the offered 40.0 billion shillings. The performance translated to a subscription rate of 47.0 percent while FXD1/2022/25 received bids worth 14.9 billion shillings…
- During the month of October, T-bills were undersubscribed, with the overall subscription rate declining to 91.9 percent, from 106.3 percent recorded in September 2022. The performance of the T-Bills was partly attributable to tightened liquidity during the period with the average interbank rate…
- Exchange Rate Performance Concerns have started being raised about the stability of the Kenyan shilling as it continues to suffer against the US Dollar. On Friday, the local currency weakened 0.04 percent to close at 121.50 shillings (-7.39 percent year-to-date). At the same time, the shilling…
- Over 73% of Information Technology security decision-makers are concerned about the growing digital attack space because of the Covid-19 pandemic’s increased digitalization. Trend Micro, a leading cybersecurity provider, has recently released its latest industry report. The report contains several…
- The Dar es Salaam Stock Exchange PLC (DSE) is delighted to announce the signing of a Memorandum of Understanding (MoU) between the DSE and CFA East Africa Society to firm up a close collaboration on enhancing investment knowledge within the country through the promotion of the CFA Qualification via…
- Kenya Airways pilots who are members of the Kenya Airline Pilots Association (KALPA) have announced that they will be going on strike starting Saturday at 6 am. The pilots say KQ management has refused to listen to them despite the push. “Beginning Saturday 5, 2022, from 6.00 am local time, there…
- The Teachers Service Commission, TSC, is under pressure from parliament to immediately halt the punitive delocalization policy and transfer of teachers, those already affected back to their home counties after Parliament passed a motion calling for its abolishment. On Thursday, November 3, MPs…
- When you are thinking about which app to use to make an online meeting, the first option that comes into your mind is Google meet or zoom. Whatsapp was previously seen as an instant messaging app primarily used for texting your contacts and video calling one or two of your contacts. Whatsapp…
- Thousands of primary and secondary school teachers will be transferred to teach in junior secondary schools as part of a procedure started by the Teachers Service Commission (TSC). TSC has unleashed a plan that will see a good number of teachers being placed to teach in junior secondary starting…
- Coffee prices have declined on the back of low demand in the world market. In the latest sale, a 50 kg bag of the beverage recorded a decline to stand at $189 (22,886 shillings) from $191 (23,111 shillings) recorded previously. There is also a projected surplus of the commodity in the world market…
- Gertrude’s Children’s Hospital has celebrated its 75th anniversary of providing healthcare to children in the region and unveiled an ambitious medium-term growth plan for the next five years. According to the new strategic direction announced by Chief Executive Officer Dr. Robert Nyarango, the…
- Minet Kenya, an affiliate of Africa’s leading African Risk Management Group, has today reiterated its commitment to Kenyans as Minet marks its 75-year legacy of delivering risk, reinsurance, and human capital solutions to the African Continent and five years following its rebranding. Speaking on…
- Lake Turkana Wind Power Ltd. (LTWP) has today begun a two-month Emergency Food Relief Programme set to benefit 17,700 primary school pupils across Laisamis Constituency by providing them with a meal per day for the remaining part of the 2022 school year and the beginning of 2023 school year.…
- Exchange Rate Performance The Kenyan shilling has continued its weakening against the US Dollar. On Thursday, the local currency sunk 0.03 percent to end the day at 121.45 shillings with a loss of 7.35 percent on a year-to-date basis. This is the lowest it has ever fallen in history. Against the…
- The GA Insurance Limited has announced that moving forward it will not provide insurance services to at least 6 car models. This becomes the first insurance company in Kenya to make it clear the type of car model that it cannot cover. The insurance company says the blacklisted vehicles are being…
- Trade, Investments, and Industry Cabinet secretary Moses Kuria has clarified that the government will not ban the importation of second-hand clothes commonly known as mitumba, but will instead make them less competitive. Speaking on Wednesday night in an interview with Citizen tv, Kuria accused the…
- When it comes to investing, we all look for business opportunities with the most profitable returns or at best with high demand. Kenya is a land of endless opportunities for everyone. It is one of the fastest-rising economies in Africa, and many investors are already reaping big with their startups…
- Malcolm X said that religion is the opium of the masses, the exploiter of the proletariat, and the maintainer of the status quo. Down into the lanes of history, religion has often been used to subdue the truth and turn people into clueless zombies who fear questioning authority and making…
- The Kenya Bureau of Standards (KEBS) has banned 131 different brands of cosmetics over alleged contamination with mercury and hydroquinone forms of drug compounds. In a statement issued on Tuesday, KEBS said the beauty products which include soaps, skin-lightening creams, and lotions contain…
- Education is one of the most important sectors in Kenya that is run by the government through the ministry of education. The government is in charge of planning the academic calendar for all primary and secondary schools in Kenya. They do this special task through the ministry of education which is…
- International wildlife conservation charity, Fauna & Flora International (FFI), has announced the appointment of Honourable Najib Balala, EGH, as a new vice-president. Hon. Balala, Kenya’s former Cabinet Secretary for Tourism & Wildlife, has played a significant role in boosting tourism…
- Kenya might fall short of meeting its sugar import quota from the Common Market for Eastern and Southern Africa (Comesa) by the end of the year. According to Head of the Sugar Directorate Willice Audi, this is due to an acute shortage of the commodity in the world market, a move that is likely to…
- In recent days, there have been heated discussions about the savings culture in Kenya. Some say that Kenya’s savings culture is at its worst. Some say that Kenyans are not saving because they have nothing to save. What many people have failed to realize is that developing a savings culture is not a…
- Exchange Rate Performance On Wednesday, the Kenyan shilling weakened against three major global currencies; the US Dollar, the Pound and the Euro. Here is the exchange: USD|KES: KES weakened 0.03% to close at 121.41 (-7.31% year-to-date). GBP|KES: KES weakened 0.07% to close at 139.89 (+8.00% year-…
- Visitors to the south coast can now fly directly to the Diani airport as rehabilitation work at the airport’s runway is complete. This comes as a boost to the tourism sector at a time when the December festivities are just around the corner. Works on the airport’s runway (formerly Ukunda Airstrip)…
- Over 250,000 teachers have been contracted by the Kenya National Examinations Council, KNEC to be in charge of the forthcoming national examinations for the Kenya Primary School Education Assessment, KPSEA, the Kenya Certificate of Primary Education, KCPE, and the Kenya Certificate of Secondary…
- President William Ruto has appointed Principal Secretaries and forwarded the names to the National Assembly for vetting and approval. Among those appointed are Bitok, Nixon Korir, Julius Korir, Chris Kiptoo, Aurelia Rono, and Korir Sing’oei among others. From the names that the President has…
- Senators have called for a temporary closure of Mama Lucy Kibaki hospital to bring sanity into the state-owned health facility. The senators accused the facility of negligence that has led to the loss of lives, after listening to sad tales from the patients. The senators met with Robert Omondi, the…
- After a successful SME training tour in Western Kenya where they went to Kisumu, Kisii, Bungoma, Kitale, and Eldoret, Absa Bank Kenya is now in the Coast region, in a series of training that will see SMEs in the regions trained in various aspects of running their businesses. The SME Tour was in…
- Most of us if not all want to become wealthy someday. Truth be told that becoming wealthy is not something that can happen overnight but it’s a journey that requires a lot of commitment, sacrifice, and knowledge. And while there is no universal way to make your money work for you, there is no…
- Mwea rice farmers are now expecting to harvest the first rice crop irrigated using water from Thiba Dam in mid-November. According to Mwea Irrigation Scheme manager Innocent Ariemba, rice production from the scheme will increase to 140,000 metric tonnes this year compared to 114,000 metric tonnes…
- The government has announced a plan to increase salaries for civil servants in the next 100 days. Public Service, Gender, and Affirmative Action Cabinet Secretary Aisha Jumwa has said that there is a need to review upwards the salaries for public servants to help them deal with the current economic…
- Cytonn Real Estate, the development affiliate of Cytonn Investments, has released it’s Nairobi Metropolitan Area Mixed-Use Developments (MUDs) Report-2022. The report analyses the performance of MUDs within the Nairobi Metropolitan Area through tracking the changes in occupancies, rental yields and…
- Exchange Rate Performance The first day of the Month of November saw the Kenyan shilling continue to receive a beating from the dollar. There seems to be no help on the horizon. The local currency, however, gained ground against the Pound and the Euro. Here is the exchange: USD|KES: KES weakened 0.…
- The climate crisis impacts all of us, and we know that to hold a global temperature rise to less than 1.5°C, we need to reduce greenhouse gas emissions dramatically. Addressing the climate crisis requires breaking it down into small actions that add up to a big impact. We can all make simple…
- The biggest mechanized farms in land size are found in Arsi and Bale, in Ethiopia’s Oromia Regional State. It was here that the first state-owned farms were established. Of the nearly half a million hectares cultivated in irrigated wheat in the past year, 355,000 hectares are in Oromia Region,…
- Newly appointed Agriculture Cabinet secretary Linturi Mithika has a Herculean task ahead, ensuring that some 620,000 tea farmers are allocated their share certificates, which will pave the way for a potential listing of the Kenya Tea Development Agency (KTDA) Holdings. In April 2021, through a…
- MEST Africa has announced Sproutly (Nigeria), Kweli (Senegal), Swoove (Ghana), Hisa (Kenya), and Desert Green Africa (South Africa) as the start-ups who have made it into the grand finale of the 2022 MEST Africa Challenge pitch competition. The pan-African pitch competition opened applications in…
- Farming was a calling to Getachew Tesema, who left his hometown Wonji, central Ethiopia, 54 years ago in search of work. Years later, he landed in Afar Regional State and slowly got enough resources together to start farming there. At the height of his career, he rented 30 hectares from the local…
- There is a reason why there are systems in place. A country is not defined by the strong men and women it has, but by the strong systems that have been put in place. Systems are the ones that create order and order breeds productivity. The government of President William Ruto came to power with…
- The 5th edition of the Changamka Shopping Festival by the Kenya Association of Manufacturers has officially kicked off at KICC. The festival, which will run from 1st-5th November brings together local manufacturers to showcase high-quality locally manufactured products. This is in a bid to…
- Sarova Stanley hosted the historic annual Cake Mixing ceremony that was characterized by pomp and color with chefs showing their skills and experience in making the ceremony an unforgettable experience. The annual event now marks the appearance of a festive season on the horizon. The event is part…
- The 5th edition of the Changamka Shopping Festival by the Kenya Association of Manufacturers is set to kick off at KICC. The festival, which will run from 1st November to 5th November, brings together local manufacturers. It also seeks to showcase high-quality locally manufactured products, in a…
- The Kenya Medical Training College (KMTC) has received a certificate of registration and accreditation from the national government following a successful evaluation and subsequent endorsement as a Qualification Awarding Institution (QAI). According to the government, the Kenya National…
- Asante Financial Services (EA) Limited has partnered with Solv Kenya to provide affordable credits to over 10 million MSMEs in the country. The partnership will help bridge the gap for many businesses that face unique challenges in obtaining formal and competitively priced credit. It will also help…
- Absa Bank Kenya was on a series of SME tours in the Western part of Kenya, to meet, coach, train and offer a lifeline to more than 1000 SMEs. The tour kicked off in Kisumu, then Kisii, Bungoma, and Kitale, and culminated in Eldoret, Uasin Gishu County. The SME Tour was in partnership with the […]…
- Tea worth at least 1.2 billion shillings was withdrawn at the Mombasa auction in the latest sale as producers anticipate better earnings in the next sale. According to data from the East African Tea Trade Association (EATTA), this was 31 percent of the total tea offered for sale. During the sale, a…
- Itel Kenya has launched the highly ranked itel S18 at Serena Hotel, a compact and stylish smartphone that is their flagship 4G model as opposed to all other existing models. The series succeeds itel S17 from late last year. This year itel received a number of global recognitions from industrial…
- Bank of Kigali has recorded increased uptake of its mobile banking services following the launch of new digital customer onboarding and lending features. Rwanda’s biggest bank on September 30 unveiled its upgraded digital platform including BK Mobile App with new features, Internet Banking 2.0, and…
