- The Alliance for a Green Revolution in Africa $550 million fund in the next five years in a fight against food insecurity and climate change in Africa, as well as reducing dependency on imported food. The fund will be used in seed system development, government engagement, improving agricultural…
- The Teachers Service Commission, TSC, promotes teachers in Kenya as a way of motivating them. The objective of promotion is to reward performance, manage succession and expand opportunities for career growth and progression. Thus, when you are promoted, your basic salary and allowances are adjusted…
- Famers will from next week purchase a 50-kilogram bag of fertilizer at 3,500 shillings from the current 6,500 shillings if the new president of Kenya William Ruto fulfills his promise of cutting the price of the commodity. Speaking on Tuesday during his inaugural held at Moi International Sports…
- Global crude oil prices fell on Wednesday 14th September 2022, erasing initial gains, amid persistent demand concerns and fears of rate hikes due to the elevated inflation rates. Brent futures fell 0.46 percent to $92.74 (11,161.26 shillings) a barrel while the U.S. West Texas Intermediate crude…
- According to a new report by the research firm New World Wealth and Henley and Partners, Nairobi is the fifth city with the highest number of dollar millionaires in Africa. The report indicates that Nairobi has 5,000 high net worth individuals (HNWI) who have at least $1 million (120 million…
- Money, fame, and moxie are all it takes to qualify for Forbes’ first-ever ranking of the most powerful influencers on the Internet. Their compelling, often quirky, content is consumed by millions–and the world’s top brands happily spend millions to sponsor. To separate the wheat from the chaff in…
- The government has announced that it will be setting up the Ministry of Cooperatives and SMEs in an effort to try and enhance a sector that is key to the economy of Kenya. The announcement came at the right time and was long overdue. There is no doubt that Micro, Small, and Medium Enterprises (…
- Equity Bank (Kenya) Ltd, a subsidiary of Equity Group Holdings has today signed an Assets and Liabilities Purchase Agreement with Spire Bank Limited for the purchase of certain assets and liabilities of Spire Bank Limited. This Transaction is anchored in Equity’s Plan to support the recovery of the…
- Ever heard of the term “Hidden Hunger”? Well, “hidden hunger” is a form of undernutrition affecting millions of people including children in Sub-Saharan Africa. It is a form of hunger that sometimes bites even when some have plenty to eat. What many don’t know and realize is that undernutrition…
- With countries across the globe battling rising inflation and uneven recoveries from the effects of the covid 19 pandemic, climate change has not slowed down. A world Bank recently published report states that 2022 will rank among the ten warmest years on record, with climate impacts threatening to…
- Cytonn Investments has today released its H1’2022 Banking Sector Report, which ranks Equity Group Holdings as the most attractive bank in Kenya, supported by a strong franchise value and intrinsic value score. The franchise score measures the broad and comprehensive business strength of a bank…
- Germany is planning to roll out its version of ‘green card’ in a bid to mitigate its critical shortage of skilled labor. The move comes as a boon to the non-European Nationals as it will be easier for them to find work in the country. According to German Labor Minister Hubertus Heil, foreign…
- President Uhuru Kenyatta, who is set to leave office at the end of his constitutional two terms, will receive a host of hefty retirement benefits of up to 39.6 million shillings. The Presidential Retirement Benefits Act of 2013 states that a retired President is entitled to a lump sum payment on…
- Term one of 2022 began on April 25th, 2022, and ended on July 1st, 2022, after a duration of 10 weeks. The changes in term dates were meant to restore order to the school calendar after the covid 19 pandemic disrupted it. After a compulsory break that saw all schools close to giving room for […]…
- Stock Market Weekly equity turnover fell by 11.40% w-o-w to USD 13.45 MN (KES 1.62 BN). NSE 20 and NASI rose by 1.4% and 2.6% w-o-w to close at 1,787.48 and 141.64 respectively. Foreign investors assumed a net selling position by accounting for 27.8% of total market purchases and 32.1% of total…
- Gold prices in Kenya traded near one-month lows when Multi Commodity Exchange futures fell 0.2 percent to 76,326.38 shillings per 10 grams. Silver futures however rose 0.7 percent to 83,925.25 shillings per kg. In global markets, gold remained flat ahead of the key US inflation reading. Spot gold…
- Leading real estate developer Superior Homes (Kenya) PLC has joined the fight against period poverty among school-going girls within Athi River through an initiative that will see the girls have free access to Feminine Hygiene Items (FHI). Dubbed ‘The Future is Female’ the initiative will see girls…
- The Kenya Meteorological Department has advised farmers to plant early maturing and drought-resistant varieties of crops, fodder, and pasture as it warns of a fifth consecutive unsuccessful rainy season over the October-November-December (OND) 2022 short rains season. According to their latest…
- Education Cabinet Secretary Prof. George Magoha has assured contractors building the Competency Based Curriculum (CBC) classes in the country that they will get paid after the new administration settles; hence, they should not be worried about their dues. CS Magoha, speaking when he inspected CBC…
- The non-profit international development organization TechnoServe has today officially launched a program that aims to widen the variety of fortified foods, ensuring Kenyan consumers continue to have access to nutritious meals. TechnoServe, with the support of a grant from the Bill and Melinda…
- Tea prices increased slightly at the weekly Mombasa auction to $2.27 per kilo last week, compared to the $2.26 recorded in the previous week, data by the East African Tea Trade Association (EATA) shows. The number of kilograms offered for sale increased to 11.3 million compared with the 10.7…
- Thinking of moving to another country? Worries about the cost-of-living crisis and inflation have been the biggest economic story of recent months. Month-over-month and year-over-year price increases have been at historic highs through much of 2021 and into 2022, with categories like energy and…
- The banking sector recorded a 9.3 percent increase in Profit before Tax (PBT) to 62.6 billion shillings in Q2’2022, from 57.3 billion shillings in Q1’2022. The increase in profitability was mainly attributable to a higher increase in quarterly income by 15.8 billion shillings and a lower increase…
- The World Health Organization (WHO) defines health as a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.” There is no health without mental health. Mental health disorders are not limited to adults despite the common assumption. Research…
- During the week, the Kenyan shilling depreciated by 0.2 percent against the US dollar to close the week at 120.3, from 120.1 shillings recorded the previous week, partly attributable to increased dollar demand from the oil and energy sectors against a slower supply of hard currency. On a year-to-…
- During the week, T-bills remained oversubscribed, with the overall subscription rate coming in at 153.0 percent, an increase from the 128.8 percent recorded the previous week. The increase in the subscription rate was partly attributable to the eased liquidity in the money market and partly due to…
- Food fortification is a subject that is rarely given the weight it deserves among Kenyan households despite the fact that it plays a major role in the general well-being of a nation. The discussions have often been left to dominate among experts and a few stakeholders. Food fortification is simply…
- Jeremy Awori has landed a job at Ecobank as Group CEO, to head 35 countries that the bank is present in days after resigning from the Absa Bank of Kenya. Awori will be leaving Absa in the month of October with the board now hunting for his replacement. Mr. Awori, who has been at the […]
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- Kenya Is home to the highest number of tech startups within the East African region. It also hosts a good number of impactful tech companies on the continent. In 2020 the country received the biggest share of the total funding to technology startups in Africa. Nigeria came second. Kenyan tech…
- The tourism sector earnings have more than doubled between January and August 2022, to hit 167 billion shillings from the 83 billion shillings recorded in a similar period last year. The profit jump was fueled by the increase in the number of international arrivals, which also increased 91.3…
- Equity Group’s half-year results continue to reflect a sustained digital transformation with 99% of all customer transactions now happening outside the branch network. “Covid-19 acted as a tailwind to our efforts of digitizing our business,” said Dr. James Mwangi, Group Managing Director, and CEO…
- You may find yourself in a dilemma simply because you attained a mean grade of D+, D, and D- in the Certificate of Secondary Education exams. This is because you are worried about which institution of higher learning will take you, not to mention which kind, of course, you will take. First of all,…
- The Kenya Red Cross has called upon well-wishers to support thousands of families battling the effects of drought in Meru county. According to the Kenya Red Cross Meru Coordinator Denis Were, the elderly, disabled, and those battling chronic illness are the worst hit. He urged Kenyans to intervene…
- The price of 200 kilograms of tomatoes is retailing at an average of 9,500 shillings in Nairobi driven by the high demand occasioned by the continuous drought creating a shortage of the commodity across the country. This is a decrease of up to 5000 shillings about three months ago and an increase…
- Apple said that over three trillion photos were taken worldwide on iPhone last year, proving that the iPhone is always “ready to quickly and effortlessly capture your life’s moments.” The statistic was shared during the keynote by Caron Thor, a senior manager at Apple for camera quality. The…
- The Tanzania government now demands that Kenyan maize traders seeking to import maize from the country to register their companies in Dar es Salaam. “The ministry urges those who are not Tanzanians to register their companies and to follow the law of land so that they can benefit from doing grain…
- The list of the world’s richest persons can vary from year to year or month to month, depending on their latest net worth and financial performance. Here is the latest list of the world’s top 10 richest persons, based on the real-time World of Statistics Index of September 2022, and some…
- Exchange Rate Performance The Kenyan shilling weakened by 0.02 percent against the US Dollar on Thursday to close at 120.28. This is the lowest the shilling has ever fallen in history. The shilling, however, made a comeback against the Pound when it strengthened by 0.47 percent to close at 138.24.…
- Nairobi Garage has today opened a two-floor business hub on Mama Ngina Street in Nairobi’s Central Business District, as the district’s renewal and planned fast-access transport links spur demand from new kinds of businesses seeking stylish and versatile workspace. The hub is the fifth location for…
- Electricity costs are undeniably a factor that affects the lives of people be it at an industrial or household level. Within the country, there has been a wide-ranging discussion in the electricity sector as to how to reduce the cost of power. With the just concluded elections and a new incoming…
- PwC Africa, Private Company Services (PCS) has also undergone an element of change to become PwC Private. Offering the same service, from the same diverse, tech-powered community of solvers, the new name differentiates Private as a community of trusted business advisors who provide bespoke advice,…
- The Queen of England is dead. The longest serving Royal has died at the age of 96. Queen Elizabeth, the older of the king’s two daughters and next in line to succeed him, was in Kenya at the time of her father’s death; she has officially crowned Queen Elizabeth II on June 2, 1953, at […]
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- The HealthTech Hub Africa, founded by the Novartis Foundation and the Norrsken Foundation, and located at the Norrsken East Africa House in Kigali, is pleased to announce the second Africa HealthTech Challenge, open to growth startups and scale-ups. The HealthTech Hub Africa is a health tech…
- The Board of Absa Bank Kenya PLC today announces that after nearly 10 years of outstanding leadership, service, and contribution, Jeremy Awori has decided to pursue a career opportunity outside the Absa Group. Consequently, Jeremy will be stepping down as CEO & Managing Director of Absa Bank…
- There is no doubt that the most pressing challenge for young Kenyans today is the lack of decent jobs for the highly, moderately, and lowly educated youths. According to the Kenya National Bureau of Statistics Economic Survey 2021, total employment outside small-scale agriculture and pastoral…
- The Ministry of Education, MoE, has issued the latest entry requirements Diploma in Primary Teacher Education (DPTE) and Diploma in Early Childhood Teacher Education (DETCE) The updated admission requirements for the Diploma in TTC in Primary and Early Childhood Development Teacher Education in…
- Pan African social agency, Crtve DEVELOPMENT (CD) is hosting a series of training and sensitization workshops to build a voice on climate justice in the lead-up to the UN Climate Change Conference (COP 27) slated for November 2022 in Egypt, and beyond. The workshops are part of a campaign to help…
- Keg beer Consumers will from next month pay an extra 8 shillings for the product after East African Breweries Limited (EABL) announced that it would raise the price of the product. The brewer noted that it has been protecting keg consumers from the annual inflation adjustment since 2018, adding…
- Known as the safari capital of Africa, Nairobi is an energetic, modern city that serves as a fascinating introduction to both wildlife and nightlife. The city shouts its beauty in swanky and evident elegance, from the natural wildlife habitats to the salient skyscrapers. It offers many great times…
- Every new government seeks to implement its manifesto with the aim of improving the country’s economic conditions as well as addressing the key economic issues affecting the citizens. For instance, Kenya is currently dealing with several issues including an inflated cost of living stemming from the…
