- A new report on the state of inclusive instant payment systems in Africa has been launched in Addis Ababa, Ethiopia. Africa Nenda has launched the report with the World Bank and the United Nations Economic Commission for Africa. Known as SIIPS 2023, the report explores the evolution of both the…
- Safaricom was the top traded counter in the day accounting for 71.5% of the activity levels. The counter extended its relief rally for the second session on a 0.4% gain to KES 12.00 on increased foreign trading. Combing through the banking performance in the day, Co-op Bank and NCBA, shed 8.0% and…
- Turnover increased by 6% to KES 213.3Mn up from KES 201.3Mn the previous trading day. Foreign investors were the dominant players on the day. They accounted for 71.1% of the total market turnover. Foreign investors were bearish on key blue chips to print net outflows of KES 34.24Mn in the day.…
- The new Nokia C22 has landed in Kenya. Available in Charcoal, and with prices starting from 14,399 shillings at Safaricom shops, the Nokia C22 comes with some of the amazing features for such a price. Here are some of the 5 reasons why you need this phone: Exceptional Battery Life With the common…
- African Guarantee Fund (AGF) and international nonprofit TechnoServe have signed a new partnership to facilitate critically needed access to finance for processors and other businesses in the West African cashew-nut value chain. The partnership is part of the Prosper Cashew project, a five-year, $…
- The Kenya Revenue Authority (KRA) has enhanced vigilance across all ports of entry in a bid to enhance compliance with Customs regulations on restricted and prohibited items. The move comes after KRA observed an upward trend in the entry of high-end mobile phones and non-declaration of prohibited…
- Marian Wright Edelman said, “In trying to make a big difference, don’t ignore the small daily differences we can make.” Small but targeted differences have the potential to make a great impact. According to Good Finance, social impact is the effect on people and communities that happens as a result…
- The final recommendations for nature-related risk management and disclosure were launched by Taskforce on Nature-related Financial Disclosures (TNFD) in September 2023, and today has been introduced to the Kenyan market in partnership with the African Natural Capital Alliance (ANCA), the Kenya…
- It has come to the attention of the Central Bank of Kenya (CBK) that there are entities and persons providing money or value transfer services without the requisite license or authorization from the CBK. Money or value transfer services include payment services regulated under the National Payment…
- In a world of perpetual change, the adage “the more things change, the more they remain the same” holds a poignant truth. The echoes of historical injustices like slavery and colonialism have resurfaced in insidious forms, adapting to the evolving dynamics of power and exploitation. Today, we…
- In a world where change is constant, it’s often said that the more things change, the more they remain the same. The echoes of historical injustices, such as slavery and colonialism, have resurfaced in different forms. Today, we witness a transformation of power dynamics, where politicians appear…
- Have you ever found yourself in a situation where you are unable to complete your transaction due to insufficient funds while paying for goods and services, paying bills, sending money, or purchasing airtime through *247#, Equitel, or the Equity Mobile App? It can be frustrating when you face this…
- Equity Group Managing Director and CEO Dr. James Mwangi has called for increased social inclusion of refugees in Africa. In his address to the delegates attending the 2nd edition of the Amaharo Refugee Forum in Accra, Ghana, Dr Mwangi called on stakeholders to equitably include refugees in societal…
- The informal economy is a major source of employment globally. According to the International Labour Organisation (ILO), more women than men are hired for the over fifteen million informal jobs in Kenya. ILO puts the percentage of women in the informal workforce in the country at 88 percent. Yet,…
- Kenya Wildlife Service (KWS) and Mount Kenya Wildlife Conservancy (MKWC) in conjunction with Fairmont Mount Kenya Safari Club have announced the successful reintroduction of reticulated giraffes back to the Conservancy after 40 years. The six giraffes (2 male and 4 female) were captured from…
- Africa Nenda, in conjunction with the World Bank and the United Nations Economic Commission for Africa, is set to launch this year’s State of Inclusive Instant Payment Systems report in Addis Ababa, Ethiopia on Wednesday, November 8, 2023. The report delves deeper into the understanding of the…
- NCBA Bank hosted a historical Economic Forum at Serena Hotel, bringing together economic experts who broke down Kenya’s current economic situation and what Kenyans should expect as the year 2023 melts, ushering in 2024. The forum brought together Mr. John Gachora, MD NCBA Bank, Dr. Susan Koech,…
- There is no doubt that Kenya runs on the wheels of small and medium enterprises (SMEs). 90 percent of businesses in the country are SMEs, employing 86 percent of the population and contributing at least 45 percent to Kenya’s GDP. Unfortunately, despite this sector being an integral backbone of…
- As the rains continue to pound across the country, the government has declared Monday, November 13, 2023 as a public holiday for nationwide tree planting. The surprise announcement was made on Monday by Interior CS Professor Kithure Kindiki.
The post November 13 Is A Public Holiday For Nationwide…
- Wells Fargo might be forced to pay Quickmart a whopping 94.9 million shillings after two of its employees made away with the cash that was supposed to be deposited at Family Bank. The two employees, river Anthony Ndiuki and Charles Mugetha left the company’s offices in South C at around 8.30 a.m.…
- Starting in 2024, candidates sitting for the Kenya Certificate of Secondary Education, KCSE, will experience a significant change in the way they select their preferred universities and colleges, they will have to wait for their results before selecting. This is after the Ministry of Education…
- The Teachers Service Commission (TSC) has issued a directive that only secondary school teachers will be allowed to supervise and invigilate the 2023 Kenya Certificate of Secondary Education examination, KCSE, countrywide. According to TSC Chief Executive Officer (CEO) Nancy Macharia, the directive…
- The Ministry of Education Ezekiel Machogu said first-year students in universities and TVETs will receive the Higher Education Loans Board (HELB) on Tuesday, November 7, amid strikes by university students over the delayed disbursement. In a statement on Friday, Education Cabinet Secretary Ezekiel…
- 10 African Ministers of Education and a similar number of ministerial representatives collectively agreed to champion foundational learning as a priority for the 2024 African Union Year of Education (AUYoE) and beyond. They also resolved to rally their respective Heads of State to be “Champions of…
- Every surrounding in Kenya has a small shop, commonly known as Duka or Dukas. This is a small and sizeable business building or structure within the neighborhood that provides people with goods and services either wholesale or in smaller amounts. These unassuming storefronts may appear modest, but…
- Evoking the spirit and light of Diwali, Emirates will mark the Hindu festival onboard flights to and from India, from 9 -15 November. Diwali delicacies will be served in all classes and select lounges. Serving its cosmopolitan customer base, Emirates marks many multicultural occasions onboard from…
- In a recent speech, Rosemary Muthoni, the Director of Sales at Sopa Lodges, expressed heartfelt gratitude to all trade partners for their unwavering support throughout the year. The occasion marked a moment of reflection on the achievements and milestones the company has reached in collaboration…
- NCBA Bank stole the spotlight at the prestigious Kenya Service Excellence Awards, walking away with three coveted titles that reaffirmed their commitment to excellence and innovation in the banking industry. The awards ceremony celebrated organizations that have demonstrated exceptional dedication…
- The Kenya Certificate of Secondary Education (KCSE) examinations officially kicked off on Monday, 6th November. About 903,260 candidates who registered for this year’s KCSE across the country started with Chemistry paper and English (functional skills) On Tuesday 7th, the students will write…
- It was a rough week in the bourse, as the benchmark indices all closed in the red, led by the N10, down 4.5%w/w largely on the slump on Safaricom and KCB Group. The NASI, NSE 20, and NSE 25 retreated 4.1%w/w, 1.3%w/w, and 3.9%w/w respectively. Market activity retreated 63.1%w/w to USD 4.1m on…
- During the week, liquidity in the money market moderated following a series of tightening, as the average interbank rate slowed to 12.32%, from 12.59% in the previous week. We suspect the end-of-month government payments replenished the liquidity position of some institutions. However, the average…
- The winds of change have swept across the African consumer landscape over the past decade, reshaping shopping habits and behaviors, particularly among our vibrant younger generations. Coupled with technological advancements and a shifting consumer-brand dynamic, this presents unique challenges –…
- Fans of LG products in Kenya are set for a delightful surprise as LG Electronics East Africa launches its highly-anticipated Black Friday campaign, which will run for the entire month of November. This special promotion promises substantial discounts on a wide range of LG products, making it the…
- President William Samoei Ruto has reiterated the Government’s commitment to make taxpaying in the country simple by enhancing efficiency in tax system. The president appreciated KRA for undertaking technological reforms to ensure a more effective and convenient tax system. Speaking during the 2023…
- Within the TSC Medical Scheme, dental health is a top priority, and members can access an extensive range of dental services. This comprehensive coverage includes dental consultation and anesthetist fees, ensuring members can seek professional dental guidance without financial concerns.…
- The vibrant spirit of tax compliance and excellence illuminated the grand gala held today as Kenya Revenue Authority (KRA) celebrated the nation’s top taxpayers. This prestigious event, known as the “Taxpayers’ Day,” is a vibrant reminder of the collective effort to uphold fiscal responsibility and…
- Kenya, a nation of immense potential and beauty, has faced numerous challenges that hinder its progress and prosperity. At the heart of these problems lies the country’s political class, whose actions and inactions have cascading effects on the daily lives of its citizens. I would like to analyze…
- In the TSC scheme, outpatient benefits ensure individuals and families receive comprehensive healthcare without hospitalization. These benefits cover various healthcare services, from routine check-ups to specialized treatments. The cover benefits may include but are not limited to: Cover for…
- Kenyan private sector firms faced unprecedented inflationary pressures in October, the latest PMI® survey data showed, driven by a further rise in fuel prices and ongoing currency weakness. Input costs rose at the quickest pace since the survey began nearly a decade ago, leading companies to also…
- Consolidating on its recently released second-quarter performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has again announced a splendid performance in its unaudited financial results for the third quarter ended September 30, 2023, recording impressive growth across all key…
- Turnover decreased by 41.3% to KES 55.4Mn down from KES 94.4Mn the previous trading day. Local investors were the dominant players on the day. They accounted for 53.0% of the total market turnover. Foreign investors were bearish on key blue chips to print net outflows of KES 18.34Mn in the day.…
- TikTok, the world’s leading short-form video platform, is taking further steps to ensure the safety of its community in Kenya. In collaboration with Eveminet Communications, an organization that focuses on promoting digital safety and well-being will be running in-person and virtual workshops…
- Kenya Railways has increased Madaraka Express passenger and commuter train fare prices effective January 1, 2024, following the recent increase in fuel prices that has affected the cost of operations. According to a statement released on Wednesday 1st, Kenya Railways announced an increase in fares…
- Kenya’s total nominal public and publicly guaranteed debt stock stood at KES 10.28 tn (equivalent to 70.8% of GDP), as of the end of June 2023. We observe that public debt has been growing faster than other macro-economic indicators including GDP – ‘the borrowing binge’. Notably, short-term debt (…
- Turnover decreased by 38.3% to KES 94.4Mn down from KES 152.9Mn the previous trading day. Local investors were the dominant players on the day. They accounted for 50.9% of the total market turnover. Foreign investors were bearish on key blue chips to print net outflows of KES 39.15Mn in the day.…
- Kenya Reinsurance Corporation (Kenya Re) through its flagship corporate social responsibility, the Niko Fiti campaign has today launched the distribution of assistive and mobility devices that will see more than 390 persons with disabilities in Kachibora and Saboti sub-counties in Trans Nzoia…
- Little App, a leading Pan-African “everyday everything” app, has joined forces with Absa Bank Kenya PLC and Visa, a world leader in digital payments, to unveil an innovative Near Field Communication (NFC) payment feature. This collaborative effort aims to streamline and expedite the payment process…
- Trans Nzoia Governor George Natembeya and Homa Bay Governor Gladys Wanga have been named the best-performing governors in the country by research company Infotrak. According to a survey by Infotrak, the two governors emerged top in a list of top 25 governors, where they scored an average of 70…
- Family Bank has been recognized and awarded as the Best in Internal Customer Experience at the 2023 Service Excellence Awards organized by the Institute of Customer Experience (ICX) Kenya. The Best Internal Customer Experience Award category recognizes organizations that strategically design in-…
- Alphonse Kigen and Evaline Chirchir have won the 42-kilometer individual men and women categories in the 20th edition of the Standard Chartered Nairobi Marathon. Over 73 elite athletes, 200 Persons with Disabilities (PWDs), and over 20,000 recreational runners participated in the marathon. The…