- Kenyan tomato farmers have witnessed a drop of up to 40 percent in the wholesale commodity prices over the past one month due to the flooding of Ethiopian tomatoes in the local market. The approximate price range for the commodity in various markets stands at 310.15 shillings per kilogram, even…
- Family Bank has secured a total of Ksh. 1.95 billion, USD 17 million, from BlueOrchard Finance Ltd (BlueOrchard) managed funds to extend to the Small and Medium-Sized Enterprises (SMEs) and to support the education sector. The funding will be used for onward lending to MSMEs to enable the…
- The FIFA World Cup™ Trophy arrived in Nairobi this morning to a magical welcome at the Jomo Kenyatta International Airport accompanied by FIFA officials and Juliano Belletti, the football legend appointed by FIFA for the tour. The plane carrying the Trophy and the entourage touched down at JKIA at…
- EFG Hermes Holding, a universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today an outstanding set of results to kick off the year, with revenues for the first quarter of 2022 leaping 55% Y-o-Y to EGP 1.9 billion. Group net profits after…
- The National treasury revealed that taxpayers spent 260 million shillings to fund the state funeral of the former president of Kenya Emilio Mwai Kibaki. According to the national government’s supplementary estimates, II for the 2021/23 financial year tabled in the National Assembly by National…
- SMEs have long been recognized as one of the cornerstones of a country’s development. SMEs account for about 90 percent of businesses and more than 50 percent of employment worldwide. Access to finance is a key constraint to SME growth, it is the second most cited obstacle facing SMEs to grow their…
- Kenya appears to be further than ever from reducing cigarette sales and smoking. Its decision not to have any smoking reduction plan or policy since 2015, is proving to be good news for the smoking industry. For, without it, the government’s cocktail of ignoring nicotine replacement therapies and…
- Kenyan millers have warned of a possible increase in the prices of wheat and maize if the current situation is overlooked. In a joint statement with various stakeholders, United Grain Millers Association (UGMA) stated that the country is likely to experience higher prices due to a shortage that is…
- The high fertilizer costs in Kenya are projected to cut coffee production by 10 percent to 700,000 bags for the 2022-23 season. Many coffee farmers across the coffee growing areas across the country are experiencing low yields caused by reduced fertilizer application. A 50Kg bag of fertilizer now…
- CBS tv network has pulled FBI season finale drama following a shooting in Texas school on Tuesday which killed 19 children and 2 teachers in the city of Uvalde. FBI season four is related to fictional school shooting and the Tuesday noon fatal incident saw the episode replaced by a repeat of an…
- KCB Group PLC’s profit after tax surged 54.6 percent to 9.9 billion shillings in the three months ending March 2022. This rise from 6.4 billion shillings in a similar period last year was boosted by growth in total income and a reduction in loan loss provision. Revenues increased by 26.0 percent to…
- The Kenyan shilling has continued to receive a beating from the US Dollar, shedding 0.05 percent to close the day on Wednesday at 116.58 shillings. The local currency is still 3.04 percent weaker year-to-date against the US Dollar. At the same time, the Kenyan shilling had something to bank on…
- Absa Bank Kenya PLC has today reported a Profit after Tax of Kshs.3billion for the quarter ending 31 March 2022, a growth of 22 percent compared to a similar period last year. The Bank reported that all its business units remained profitable, registering growth on key lines in the period. Total…
- For every successful startup, countless others fail, sometimes mysteriously and often unnoticed. Running a startup is a difficult endeavor for any entrepreneur, which means that you’ll experience a significant number of struggles in the early months and years of this process. Before you go through…
- Many people take coffee as their main beverage every morning to help them throughout the day. It is the second-largest most traded commodity after oil and is Africa’s most important agricultural crop. Total world revenue in coffee amounted to approximately US$ half a trillion in 2021. Market…
- During the Kenya Universities and Colleges Central Placement Service (KUCCPS) course application or revision process, you must make payments via M-PESA. One of the challenges many students face during the application for KUCCPS 2022/2023 placement is wrong transactions. But first, how do you make…
- Mariam Noor has spent the last three years designing and developing a ring that can give patients with aortic insufficiency good treatment results, and she has invented something that may have an impact on the world of surgery. “Instead of replacing the defective valve, my treatment concept is to…
- The Teachers Service Commission, TSC, has been on the spot for allegedly failing to disclose the full details pertaining to the selection criteria it uses to appoint teachers who apply for promotions to higher grades. During the recently concluded TSC promotions last year, there were speculations…
- It is common for businesses to rebrand – a decision resulting from a plethora of reasons, including international expansion, new management, outdated logos, and mergers, to name a few. Regardless of the reason, it is important to create a strong brand that people will never forget. During a rebrand…
- In conjunction with Aero club, the Kenya Defence Forces (KDF) will hold a museum Airshow this Saturday, May 28 2022, at Uhuru Gardens along Lang’ata Road in Nairobi. The airshow will engage and entertain the public by boasting displays of military and civilian aerobatic capabilities. It will bring…
- Kenyans will have to pay 154 shillings for a 2-kilogram packet of Soko Maize Flour, up from an average of 148 shillings about two weeks ago. A 2Kg packet of Jogoo, Pembe, and Ahab Maize flour is retailing at 150, 151, and 150 shillings, respectively, at Naivas supermarket. Maize Flour Brand (2kg…
- They say the best way to manage the money you do not have is to first imagine that you have it and picture how you would have to spend it. If someone gave you 17 million shillings, how would you spend it? Where would you start with it? I know your first question will be, […]
The post If You Got 17…
- Kenswitch Kenya Limited and Absa Bank Kenya Plc have formed a partnership that will allow the bank’s customers to access over 2200 ATMs on the Kenswitch network, thereby increasing access to banking services. Under the partnership, over 10 million Kenswitch member bank customers can also transact…
- The Kenyan shilling has continued with its weakening venture, weakening against the US Dollar, the British Pound, and the Euro according to the data collected on Tuesday. The local currency shed 0.04 percent against the US DOllar to close the day at 116.52 shillings (-2.98 percent year-to-date).…
- Members of Parliament have for once stood with the people by shooting down the punitive proposed taxes on maize flour, wheat flour, cooking gas, beer, wines, and spirits that had been proposed by the National Treasury in the Financial Bill 2022. If the Bill had been allowed to sail through, maize,…
- As a rally fan, I can’t imagine gravel rallies without dust, for the driver and navigator dust means a lack of visibility, wind blows away the dust thrown into the air by the previous car ahead. The is nothing as picturesque and magnificent as my motherland Kenya, if you have never been on a road…
- The KCB Group PLC Board has appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May 25, 2022. He replaces Mr. Joshua Oigara who has been the GCEO for the last nine and a half years. Joshua will be available for a period of time to support a smooth transition. The…
- SuperSport viewers on DStv can look forward to seeing all the action from the PGA Tour’s Charles Schwab Challenge, from the Colonial Country Club in Fort Worth, Texas from Thursday 26 to Sunday 29 May 2022. SuperSport is the ultimate destination for golf fans, with an unparalleled selection of an…
- After weeks of stage performances and millions of votes over the past few months, Progress Chukwuyem has won the 7th edition of Nigerian Idol. The win was announced by the show’s host, IK Osakioduwa during a celebratory finale episode on Sunday 22 May. The 21-year-old singer won after polling more …
- Malaysia has said it will cut chicken exports from June following shortages in the country. The move comes at a time when Malaysians are struggling with high chicken prices. At the same time, retailers, have put limits on the amount of meat a customer can purchase due to shortages. On Monday,…
- Equity has introduced Equity Virtual Assistant (EVA), the Bank’s chat banking platform that takes financial services to the next level by presenting banking transactions as virtual conversations on social media platforms including WhatsApp, Facebook Messenger, and Telegram. EVA chatbot extends…
- According to a food supply expert, Sarah Menker, 10 weeks of wheat are all that the global Reserves hold. “We currently only have 10 weeks of global consumption sitting in inventory around the world. Conditions today are worse than those experienced in 2007 and 2008,” Menker said. Menker who is the…
- Agrico East Africa, a company that multiplies and distributes various potato varieties, and Yara East Africa, a manufacturer, and supplier of fertilizer have partnered to boost potato farmers in Nakuru and Narok counties. The partnership paves way for farmers who have adopted certified seeds to…
- By Ashley Olson Onyango, Head of Financial Inclusion and AgriTech The start of the COVID-19 pandemic accelerated the shift in how people get access to information, and services and conduct business. As governments in most countries implemented hard lockdowns to curb the spread of the pandemic,…
- The list of the world’s richest persons can vary from year to year, depending on their latest net worth and financial performance. No one is self-made. Wealth is a complex issue, especially extreme wealth. Many of us believe we can do it on our own. Aliko Dangote is a Nigerian billionaire business…
- More than 150 investors in the Safaricom Investment Cooperative Nanyuki project received their title deeds paving way for them to begin their construction journey to build their dream homes. Dubbed Olpajeta Ridge, the project is seated on a 300-acre plot and consists of 180 eight-acre and120…
- Faulu Microfinance Bank has launched its new contactless card which now allows its users to tap and pay on the go. The card was rolled out today and is available to all the bank account holders in Classic and Platinum variants. Giving his remarks on the launch of the new cards, Faulu Bank…
- According to the Ministry of education’s official Calendar, elementary and secondary students will have a midterm break from Thursday, May 26. The break which is set to go for three days i.e., from Thursday 26th -Sunday 29th, is coming exactly 6 weeks after the learners began the first term of the…
- State corporations, including public universities in Kenya, now owe suppliers 385.6 billion shillings as the country heads to a general election in August. Data from the National Treasury show that state corporations had 122.7 billion in additional arrears to contractors, suppliers, and regulators…
- In global markets, gold prices climbed to a near 215,525 shillings level supported by a pullback in the US Dollar index after the investors bet that easing of lockdowns in china had the potential of bringing a global growth. On the Multi Commodity Exchange Market, Gold Futures were up 0.32 percent…
- Today there are so many mobile loan apps with most of them offering to give quick loans but end up defrauding the customers. These apps pose as genuine but the fact is, they are just scammers and all they want is your money. Anyone who has ever been scammed will tell you that it doesn’t […]
The…
- Kenyan real estate company Dowgate Properties has opened its first Safari Centre highway service station, on the A104 at Naivasha, in a new servicing model for motorists and travelers, offering facilities from electric vehicle charging stations to children’s play areas, restrooms, restaurants, and…
- If given a chance, 35% of Kenyan youth would leave the country to find a better job abroad, escape poverty or pursue an education. This is according to a groundbreaking 2019 survey by Afrobarometer that explores attitudes towards relocating abroad in 33 African countries. Despite the openness to…
- Teachers’ union, KNUT, and KUPPET are working secretaries behind the scene to ensure an increment in salary for their members. According to the reports, both KNUT and KUPPET are reported to be in a casual meeting with the top Teachers Service Commission (TSC) officials to iron out issues that will…
- The register of voters is still open for verification of voting details until 2nd June 2022. You can now verify your voter registration details by sending your Identification Number (ID), OR Passport Number to SMS Code 7000. Here is the Procedure: Go to the Messages App on your phone Type your ID/…
- Kenya is set to host the first G25 African coffee Summit this week in Nairobi starting 25th – 27th May 2022. The summit, themed “Sustainable Development and Economic Growth in the African Coffee Sector” will bring together heads of state and governments of the 25 African Coffee Producing Countries…
- Education Cabinet Secretary Prof George Magoha has issued a new directive to all parents to ensure that all students who performed well but have not joined various secondary schools of their choices due to lack of school fees are enrolled in day schools with immediate effect. The CS stated that the…
- Stock Market Weekly equity turnover dropped by 33.9 percent w-o-w to close at USD 14.09 MN (1.64 billion shillings). The NSE 20 and NASI fell by 3.8 percent and 5.1 percent w-o-w to close at 1,680.53 and 132.52, respectively. Foreign investors assumed a net selling position by accounting for 31.9%…
- During the week, the NSE Market Cap-weighted P/E stood at 13.9x (-6.6 percent YTD). The NSE Market Cap-weighted P/B stood at 5.2x (-25.4% YTD) while the NSE Market Cap-weighted Dividend Yield stood at 6.7% (+323 bps YTD) At the same time, the NSE Median Return on Equity (ROE) stood at 8.0 percent…
- The Kenyan shilling depreciated by 0.2 percent against the US dollar to close the week at 116.4 shillings from 116.1 shillings recorded the previous week, partly attributable to increased dollar demand from the oil and energy sectors. Key to note, this is the lowest the Kenyan shilling has ever…
