- Life is unpredictable. Short and no one knows what will happen the next minute. But someone said this; nobody will ever come out of this life alive. So, what should we do? Live our lives. Be happy. Maximize every opportunity you get and thank the Almighty. One of the greatest moments in someone’s…
- Standard Chartered has today announced road closures for the 20th edition of the Standard Chartered Nairobi Marathon set for 29th October 2023. The start and finishing points will be at Uhuru Gardens, Langata Road. Runners will use the scenic route on the southern bypass for the physical marathon…
- Safaricom has today announced the third and final winner of the KES 1 million grand prize in the Gomoka na Go Monthly Promotion, Dr. Njeri Gacheru, a mother of three based in Ngong. Dr. Gacheru, a part-time lecturer, plans to top up her investment portfolio towards her dream project of starting a …
- Equities Turnover declined by 84.5% to KES 42.6Mn down from KES 274.4Mn the previous trading day. Domestic investors were the dominant players on the day. They accounted for c. 80.4% of the total market turnover. Foreign investors remained bearish on key blue chips to print net outflows of KES 11.…
- The benchmark indices closed the day in the red with the NASI, N10, NSE 20, and NSE 25 shedding 1.7%, 1.0%, 0.4%, and 0.9% respectively. Equity turnover dropped 84.5% to USD 0.3m largely due to reduced trading on Safaricom. Local investors were the key players in the day, accounting for 80.4% of…
- PZ Cussons, a leading manufacturer of personal care products has, for the first time in its 70-year Kenyan history, picked national celebrity and musical artist David Mathenge aka Nameless as the official Brand Influencer for its flagship brand Imperial Leather. The move, said the firm’s Managing…
- Kenya’s telecommunications giant, Safaricom PLC, has announced that it is in the final stages of setting up a smartphone assembling plant in Kenya that will produce affordable 4G devices for Kenyans. The announcement by Safaricom comes amid endless promises by the government through the Ministry of…
- The Kenya Certificate of Secondary Education examinations, KCSE, practical began yesterday on 23rd October as 903,260 candidates are registered for the examinations according to the Kenya National Examinations Council (KNEC). The rehearsals were held last week on Thursday, October 19, 2023. The…
- In a proactive effort to foster customer awareness and satisfaction, LG Electronics East Africa has launched its Service Center Campaign, which aims to continue promoting LG’s exceptional service policies in providing unparalleled customer satisfaction. It succeeds the successful Last Mile campaign…
- Starting a small manufacturing business can be a rewarding entrepreneurial journey. It offers the opportunity to create unique products, contribute to the local economy, and build a brand from scratch At the same time, a small manufacturing business isn’t as simple as it looks, it requires a lot of…
- The Kenya Meteorological Department asserts that the country will still experience high levels of rainfall this week a day after President William Ruto revealed that the country will not experience El Nino rains as predicted by the department. On Monday 23rd October, In an update, the Kenya Met…
- OPPO, the world’s leading smart device brand, has announced the global availability of its Find N3 and Find N3 Flip foldable smartphones. Each delivers breakthrough experiences across imaging, design, and usability, empowering customers to expect more from their next foldable. “Our goal at OPPO is…
- Britam General Insurance has partnered with Haltons Pharmacy, GoodLife Pharmacy, Malibu Pharmacy, and MYDAWA Online Pharmacy to launch the Pharmacy First Program, a service that allows Britam medical insurance clients to access medical services at these pharmacies, for minor and uncomplicated…
- The African Development Bank Group, and the African Guarantee Fund, have made a strong case for the positive impact of increasing women’s financial inclusion on Nigeria’s economy, before an audience of senior Nigerian government and banking leaders in Lagos. The two institutions opened the AFAWA…
- On 19th October, Meta Chief Executive Officer (CEO) Mark Zuckerberg unveiled a two-account feature for WhatsApp. In an announcement via his WhatsApp channel, Zuckerberg announced that users will be able to have two accounts on one phone in the new changes. This means two accounts will be logged in…
- In recent years, Africa’s interior decor industry has witnessed a remarkable surge in the demand for printed decor solutions, a trend that shows no signs of slowing down. With the African printing industry projected to reach a staggering value of US$235.3 million by the end of 2031, the timing…
- Kenya’s largest non-bank lender by market share, Tala, has named Annstella Mumbi, as its new General Manager for the Kenya Unit effective immediately, making her one of the small number of women leading large technology companies in Kenya. Before being announced as the new GM, she served as Tala’s…
- Diaspora remittances for September 2023 came in at USD 340.4m, a 7.05% y/y increase but a 3.96% m/m decline. This takes the cumulative diaspora remittance inflows for the first nine months of 2023 to USD 3.11bn compared to USD 2.99bn over the same period in 2022, an increase of 3.82%. See the chart…
- This week, economic experts from Genghis Capital have issued a BUY recommendation on Standard Chartered Group. From their vantage point, they expect the firm to register record profitability levels. This coupled with the firm’s industry-leading payout ratio, makes the counter an attractive stock in…
- The Kenya Revenue Authority (KRA) has announced a tax amnesty to millions in Kenya. The taxman has promised to give a 100 percent tax amnesty during the Tax Day set to be held this week. But where does the Kenyan SME stand in all these? Many think that when Tax Amnesty is announced, it is […]
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- The NCBA Now App has endless possibilities for both individuals and businesses. Apart from allowing for deposit and withdrawal of funds, it also allows one to pay bills, as well as invest in Unit Trusts among others. And now, NCBA Bank is awarding customers who use NCBA Now for their daily…
- Climate change has transcended its status as a distant concern, asserting its presence in the very fabric of our lives. In Kenya, the ramifications of this global phenomenon are felt deeply, with the increasing frequency and intensity of extreme weather events such as floods, droughts, and storms.…
- Following the recent announcement of its transition to a new multi-brand portfolio strategy, HMD Global, the largest European smartphone manufacturer, today announces another major milestone: HMD has started manufacturing 5G1 smartphones in Europe. The company’s first device off the line, the Nokia…
- We all recall the contention that accompanied the enactment of the Finance Act 2023. Yet, amid the fervor, this pivotal legislation brought forth a host of exciting concessions that both individuals and organizations are now poised to seize. Among these notable concessions, the tax amnesty program…
- Equity has been honored with three prestigious awards at the Global SME Finance Awards 2023. The awards were organized by the International Finance Corporation (IFC), a member of the World Bank Group, and the SME Finance Forum to recognize outstanding achievements in expanding access to finance for…
- KCB Bank Kenya has partnered with global payments technology company, Mastercard, to roll out the World Elite Exclusive Credit Card that will offer premium and private banking customers a range of market-exclusive benefits, privileges, and experiences. This collaboration marks a significant…
- Communication Authority of Kenya (CA) Director General Ezra Chiloba has resigned amid corruption allegations that are heavily hanging around his neck. On Thursday, 19th October, CA said in a press release that its board of directors accepted his resignation letter addressed to the Chairperson, Mary…
- Absa Bank Kenya has today announced a KES100 billion funding commitment to spur the development of Micro, Small, and Medium Enterprises (MSME) across various value chains over the next three years. The funding line is expected to improve the resilience of the sector by offering ready access to…
- TikTok continues to make strides in raising awareness about mental health. In its commitment to this important cause, the app has launched a research survey in line with its multi-market campaign, #MentalHealthAwareness: Better Together. The initiative aims to create a safer and more supportive…
- Leadership is a mindset, not a title. People often ask me, TOE how do I learn leadership? Should I go on a course? Buy a book? Get a mentor? Are leaders born, or can you become a leader? Just as I say about business success, leadership has many components – luck, and being in the […]
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- Kenya Breweries Limited (KBL) spirit brand Kenya Cane hosted its Greats’ Fest cultural extravaganza this weekend in Narok town. Narok residents were treated to an immersive brand experience featuring a cultural blend of food, locally inspired cocktails – Ndugulai and Osotua, and live music…
- On Wednesday, the Kenya National Examinations Council (KNEC) issued new guidelines that candidates sitting for this year’s national examinations, KCPE and KCSE exams are expected to adhere to, in an attempt to curb cheating. KNEC released a statement that outlined specific items that are banned…
- BK Group Plc has lauded its inclusion as the first-ever cross-listed firm in the NSE-20 Share Index. The inclusion has elevated BK Group’s profile as an attractive investment option for investors seeking diversification, given that the index is composed of select prominent companies. “The inclusion…
- October is Cybersecurity Awareness Month, an annual event that promotes safe online behavior and encourages organizations and individuals to do their part in the fight against cybercrime. With the growth of online threats and increased digitization of our personal and professional lives,…
- Children aged 3 to 8 years can now access road safety training for up to KES 500 annually. This follows the rollout of a junior membership category by AA Kenya that entails a comprehensive road safety education curriculum. The move aiming to impact millions of children from across the country is in…
- The Aga Khan University (AKU) in Kenya has received a Ksh. 112M research grant from the National Institutes of Health (NIH) to investigate the use of Artificial Intelligence (AI) and machine learning technologies to improve the speed and accuracy of colorectal cancer diagnosis. Aga Khan University…
- Family Bank has received formal approval from shareholders to offer up to 800 million new shares through a rights issue. This will increase the Bank’s authorized Ordinary shares from 1,500,000,000 Ordinary Shares to 2,300,000,000 Ordinary Shares. Through this increase in Ordinary shares, the Bank…
- Every day across Africa, people turn to Google products like Search, YouTube, and Fitbit for insights about their health and well-being. But many may not know that we have also been researching how AI can help improve healthcare outcomes for people, and how AI can empower our partners to deliver…
- Kenya’s national carrier, Kenya Airways, is hosting the second edition of the Africa Aviation Innovation Summit in Cape Town, South Africa. The event brings together industry leaders, innovators, policymakers, observers, and stakeholders who will be engaging in aviation innovation conversations…
- MWC Kigali: MWC Kigali 2023 returned to the Kigali Convention Centre in Rwanda, with His Excellency Paul Kagame, the President of the Republic of Rwanda participating in the event’s celebratory opening ceremony. The event brings together policymakers and global business leaders for three days of…
- Tatu City, the 5,000-acre Special Economic Zone on Nairobi’s doorstep, has announced that Zhende Medical Co. Ltd., a leading international company specializing in the production and sale of disposable medical devices, will build production facilities at Tatu City and its neighboring Oaklands…
- Earlier this year, Kenya Electricity Generating Company PLC (KenGen) and the Konza Technopolis Development Authority (KoTDA) broke ground on the Ecocloud Data Centre, touted as Africa’s first data center fully powered by geothermal energy. It’s an exciting development: as Kenya embraces clean…
- Bamburi Cement received the award through its waste management arm, Geocycle, for its collaboration with ten women-owned scrap tire and rice husks organizations across the country, which collected and provided over 25,000 tons of waste co-processed in the kilns to produce renewable energy while…
- The Kenya National Examinations Council, KNEC, has released the official date Certificate of Secondary Education examinations, KCSE, rehearsals 2023 The rehearsal is set to start on Thursday, October 19. This comes as preparations for Form 4 candidates who will sit for their national exams from…
- The Kenya Government has entered into an agreement with Huawei Technologies that will see the two parties collaborate on the development of the country’s ICT infrastructure, and promote the digitization of various sectors of the country, such as transportation, e-government, education, digital…
- LG Electronics has introduced a new built-in kitchen package in the market in line with its bold Vision to transform into a ‘Smart Life Solution Company’. Boasting energy efficiency and user-friendly features, the new package lineup will include an InstaView™ oven, QuadWash™ dishwasher, downdraft…
- Education is the cornerstone of progress and development in any society. In Kenya, access to quality education is a fundamental right and a key driver of socio-economic growth by UN Article 26 of the Universal Declaration of Human Rights. Stanbic Bank Kenya recognizes this importance and has taken…
- Sanlam Kenya, a prominent non-bank finance solutions provider, is thrilled to announce a game-changing partnership with Little App, a leading digital ride-hailing solutions firm. Together, they are introducing “Shift Your Destiny,” a revolutionary life insurance cover under Sanlam Life Insurance,…
- Kenya’s financial sector has diversified and evolved over the last two decades to become one of the strongest on the continent and in the world. This has been facilitated by the increased adoption of technology, which has made products and financial services more accessible to many. Mobile banking…
- The Kenya Tea Development Agency Management Services Limited (KTDA MS) has imported 92,737 metric tonnes of fertilizer for the year 2023/2024 for distribution to smallholder tea farmers. The NPK 26:5:5 chemically compounded fertilizer was procured directly from Russia. The first ship carrying the…