- The accelerating pace of the climate emergency has been underlined by a new report that revealed that over half of companies in emerging economies have been impacted by extreme weather events over the last 12 months. The 2022 Emerging Economies Climate Report published today by British…
- Investing can be a great way to set yourself up with a retirement fund, down payment fund, or college tuition savings. The longer the time your money has to grow, the less you have to invest. It’s best to start investing as soon as possible even today if you can. Start by making sure your […]
The…
- Safaricom has revealed that at least 6 million people used the ‘reverse call’ service daily in the year to March 31, highlighting the tough times faced by Kenyans in purchasing airtime amid the high cost of living. The figure represents 18.3 percent of Safaricom’s 32.8 million active customers over…
- The national government on Education Reform in Kenya has invited parents and other education stakeholders to submit their review on the Competency-Based Curriculum (CBC). According to the notice, dated October 18, the task force led by Prof Raphael Munavu stated that it had begun its mandate in…
- KCB Group Plc has signed up with the African Business Leaders’ Coalition (ABLC), to bolster actions in addressing the climate change crisis. The coalition, convened under the UN Global Compact brings together companies across Africa to help drive more initiatives on addressing pressing…
- After the success of Single Kiasi season one, Showmax has confirmed that the hit drama series will be coming back for a new season. The second season, which has now begun production, will premiere in 2023. Single Kiasi follows the lives of three women in Nairobi – Sintamei, Mariah, and Rebecca – as…
- The Kenya Tea Development Agency (KTDA) has received fertilizer worth 5.2 billion shillings from Russia for sale to farmers at subsidized rates. The landing cost of a 50 kg bag of the farm input is 5,617 shillings but will be sold to farmers at 3,500 shillings as directed by the government. The 940…
- The world is thriving on the wheels of technology. It is like a bullet train that long left the station, moving at a lightning speed, and those, not on-board risk being left out, not just today, but forever. They say change waits for no man, and so is technology. Africa is perhaps the only…
- The COVID-19 pandemic and runaway inflation blamed on the Ukraine-Russia war has dealt a double blow to global economies and businesses. Enterprises that rely heavily on imported raw materials such as palm oil, wheat, maize, pharmaceuticals, animal feeds, resin and plastics, iron and steel,…
- Mastercard has introduced Crypto SourceTM, a new program to enable financial institutions to bring secure crypto trading capabilities and services to their customers. The 2022 Mastercard New Payments Index reported that 29% of respondents globally hold cryptocurrency as an investment, with another…
- The Nairobi West Hospital has launched the first Bone Marrow Transplant Unit in Kenya that provides a broad range of integrated and patient-centric services for the diagnosis and management of all kinds of blood disorders in adults and children, including cancers of the blood. Speaking during the…
- The East African Portland Cement resumed cement production using its own clinker. The giant factory roared back to life after part of its Kiln Shell which had been dilapidated for years causing frequent downtimes was replaced. According to the cement manufacturer, the recent upgrade will help the…
- Mobile service providers have been directed to deactivate all unregistered SIM cards in the next 60 days in a move that is geared towards ensuring 100 percent compliance with the registration exercise. “Taking into account the improved level of performance so far, operators are directed to take…
- Digital transformation presents a strong opportunity to harness the power of data. However, it brings certain challenges to the fore including an organization’s ability to be secure and resilient. A case in point is the new operating model of hyper-distributed environments. If not properly secured…
- As the discussion as to whether Kenya is doing well in terms of the savings culture or not continues, Maisha Microfinance Bank has re-launched a mobile-based fixed deposit bank account that will see Kenyans save and earn interest on their savings. Dubbed M-Fanisi, the mobile-based fixed deposit…
- As the discussion as to whether Kenya is doing well in terms of the savings culture or not continues, Maisha Microfinance Bank has re-launched a mobile-based fixed deposit bank account that will see Kenyans save and earn interest on their savings. Dubbed M-Fanisi, the mobile-based fixed deposit…
- As the discussion as to whether Kenya is doing well in terms of the savings culture or not continues, Maisha Microfinance Bank has re-launched a mobile-based fixed deposit bank account that will see Kenyans save and earn interest on their savings. Dubbed M-Fanisi, the mobile-based fixed deposit…
- The high court of Kenya has frozen Equity bank’s acquisitions of Spire Bank as disputes between the troubled lender and its employees soar. In her ruling, employment and Labour Relations Court judge Maureen Onyango said the lenders should maintain their status quo until a deal is agreed upon with…
- Unity Homes, a leading affordable housing developer in Kenya, has handed over keys to another 64 new homes in Tatu City. The new Unity East development sits on 10.4 acres and is made up of two-, three- and four-bedroom apartments. Unity East, a Ksh5.4 billion ($45 million) investment, is on track…
- Ascott’s Somerset Westview Nairobi (SWN), has been awarded the top honor of ‘Leading Serviced Apartment Brand’ in Africa, at the recent World Travel Awards 2022 which were held at the Kenyatta International Conference Centre (K.I.C.C), in Nairobi – Kenya. Voted by tourism professionals, as well as…
- When it comes to being successful in life, many people will want to give you advice and tell you how to change your life. However, these people don’t necessarily know what success looks like to you, so it’s vital that you concentrate on the things you think are important, and don’t let anyone else…
- Cytonn Investments has today released its H1’2022 Insurance Sector Report, which ranks Jubilee Holdings as the most attractive insurance company in Kenya, supported by a strong franchise value and intrinsic value score. The franchise score measures the broad and comprehensive business strength of…
- Stock Market Weekly equity turnover fell by 52.5% w-o-w to USD 9.83 MN (KES 1.19 BN). NSE 20 and NASI grew by 1.4% and 2.8% w-o-w to close at 1,700.22 and 129.90, respectively. Foreign investors assumed a net buying position by accounting for 63.5% of total market purchases and 47.6% of total…
- Kenyan banks have started increasing interest rates following the Central Bank of Kenya’s (CBK) move to raise its benchmark lending rate, setting the stage for expensive loans for thousands of households and businesses at a time when the cost of living is on a rising spree. NCBA Group, Standard…
- The Teacher Service Commission, TSC, a nationwide exercise that began will see teachers from both primary and secondary schools transferred to different schools across the country. Despite TSC teachers decrying the lack of justice and humane feeling in the manner in which TSC mass transfers are…
- The government received 680.7 billion shillings in total revenues in the three months to September 30, with taxes constituting nearly 70 percent of the revenues. Data from the National Treasury for September 30 shows Kenya Revenue Authority (KRA) collected a total of 465 billion shillings between…
- Tea farmers’ earnings hit 20 billion shillings in the third quarter of the year, a 53 percent increase from the 13 billion shillings recorded in a similar period last year. The impressive earnings were helped by the government-backed minimum price of $2.43 (291 shillings) per kilogram which…
- Diageo UK, through Diageo Kenya, its wholly owned indirect subsidiary, announced that it served notice on East African Breweries Plc (EABL) of its intention to acquire an additional 15.0% stake. This will bring its shareholding in EABL to 65.0%, through a tender offer made to minority shareholders…
- During the week, the Energy and Petroleum Regulatory Authority (EPRA) released its monthly statement on the maximum retail fuel prices in Kenya effective 15th October 2022 to 14th November 2022. Super Petrol, Diesel, and Kerosene prices declined by 0.6%, 1.2%, and 0.7% to Kshs 178.3 per liter, Kshs…
- During the week, the Kenyan shilling depreciated by 0.1% against the US dollar to close the week at Kshs 121.0, from Kshs 120.9 recorded the previous week. The depreciation was partly attributable to increased dollar demand from the oil and energy sectors against a slower supply of hard currency.…
- During the week, T-bills were oversubscribed, with the overall subscription rate coming in at 116.7%, from the 110.0% recorded the previous week. The oversubscription was partly attributable to the eased liquidity in the money market, with the average interbank rate decreasing to 5.0% from 5.3%…
- For gamers who have been having difficulties logging into their SportPesa accounts on account of them being dormant have something to smile about after SportPesa activated all of them. Now what one needs is to remember their SportPesa account password, log in, and start playing right away. Those…
- Following regulatory approval, the Board of Absa Bank Kenya PLC has appointed Yusuf Omari to take over as Interim Chief Executive Officer and Managing Director effective 1 November 2022, after Jeremy Awori steps down from office on 31 October 2022. This appointment will play a critical role in…
- SportPesa-led team Leo Varese navigated by Kigondu Kareithi is looking to increase performance in his Toyota Auris as the chase for title in the KNRC Division 3- and Two-Wheel Drive (2WD) categories becomes more intense. For Leo, who already indicated that he was hopeful of taking the lead despite…
- There has been a surge in cybercrime and digital fraud in the telecommunications sector in recent years. On 24th February 2022, the Communications Authority of Kenya (CA), in accordance with the Kenya Information and Communications Regulations 2015, directed the Mobile Network Operators to ensure…
- PwC Africa has released the latest industry insights from the Africa Entertainment and Media Outlook 2022-2026. The report shows that Kenya has seen continued growth since 2017, with E&M revenue reaching new heights in 2021 (12.6% annual growth rate). The Entertainment and Media (E&M)…
- KCB Bank has screened loans worth over KShs. 336 billion for social and environmental risks while increasing its green portfolio in the past two years, bolstering its push for sustainable finance. The Bank has also significantly cut its carbon footprint by 11.25% in its premises across the six…
- Fast food giant Kentucky Fried Chicken (KFC) has raised its prices for the third time in 2022 amid rising food prices and supply chain issues. The Streetwise 2 package which contains two pieces of chicken and a packet of fries is now selling at 450 shillings from 380 shillings two weeks ago. The…
- In the latest push to ease a biting cash crunch in the institutions and cut reliance on the Treasury, students from rich families will start paying more for their education in public universities This move will see students applying for loans from Higher Education Loan Board get vetted before the…
- The Teacher Service Commission, TSC, will start to affect the transfer of teachers who are aged fifty years and above in a move geared to end delocalization. According to TSC, the transfer will be affected and released in January 2023 after the Commission boards side and approve the online teachers…
- SportPesa’s lead Safari Rally driver Leonardo Varese says that he is set and ready to take part in the much-awaited MMC Bamba Rally taking place in Kilifi. Leo, as he is popularly known, will be facing competition from other enthusiastic participants from Ketepa Tea, Quickmart Supermarket, KCB…
- Feed millers now want the government to extend the importation of duty-free raw materials to three years when the supply of basic animal feeds raw material will stabilize. Speaking during a press briefing to articulate how the lifting of the ban on genetically modified organisms will affect the…
- Emirates has once again been recognized for its role in growing Maldives’ tourism industry. The world’s largest international airline has been presented with the ‘President’s Tourism Gold Award’ at an awards gala ceremony held on 3 October to mark National Tourism Day in the idyllic archipelago. As…
- Petrol prices are likely to fall marginally this month following a ten percent drop in the landed cost of the commodity in September. Data from the Energy and Petroleum Regulatory Authority (EPRA) show that the landed cost of petrol dropped from $920.05 per metric tonne in August to $820.6 per…
- AAR Hospital has informed its employees of an impending redundancy as it plans to “restructure” its business in “line with the prevailing circumstances.” The hospital has made it clear to employees that it cannot sustain the current workforce and that they have no choice but to let them go. AAR…
- Better environmental, social, and governance (ESG) market frameworks helped Kenya move up six points to eighth place out of 26 in the latest Absa Financial Markets Index (AFMI). Kenya obtained 61 points, up from 55 in the same period last year. Kenya was lauded for making progress in sustainable…
- Kenya Association of Manufacturers (KAM) has launched the 5th edition of the Changamka Shopping Festival. The festival seeks to showcase high-quality locally manufactured products, in a bid to celebrate the sector’s ingenuity and promote the Buy Kenya Build Kenya initiative. The event is set to…
- As Kenya continues to embrace the use of technology in enhancing transactions within and without the country, TerraPay, a global company that provides infrastructure and supports diverse payment instruments around the world, has promised to enhance its relations with Kenyan financial institutions…
- Tanelec Limited, a subsidiary of TransCentury PLC (“TC” or” Group”) has embarked on an ambitious expansion strategy in a bid to impact and control the manufacturing and distribution of transformers, switchgear, and metering units in East and Central Africa region. The expansion strategy project…
- Members of parliament (MPs) from the drought-stricken areas now want the Communication Authority of Kenya (CA) to postpone the deactivation of the unregistered SIM card until the prevailing drought situation is over. “We request that this deadline be relaxed until the drought situation is over and…
