- All the benchmark indices reversed their prior session gains to close in the red. The NASI, NSE 20, and NSE 25 indices each retreated 0.3% while the N10 dropped 0.5%. Equity turnover pared down 32.2% to USD 0.7m on reduced trading of Safaricom and Co-op Bank. Read Also: The Significance of Stock…
- Wealth protection is a delicate tapestry, woven from threads of financial wisdom and resilience. It is a safeguard against the unexpected, a shield against the storms of life. In today’s uncertain world, wealth protection is more important than ever. By investing in the seven wealth protection…
- In the vast cosmos of smartphones, two stars emerge with their unique radiance – the OPPO Reno 10 and the Samsung A54. Both devices beckon you to their luminous realms, promising a journey through the cosmos of technology. Let us embark on this comparative odyssey, where we’ll navigate the…
- Ipsos in Kenya has been named the top employer by the Federation of Kenya Employers (FKE). The market research and consulting firm was feted at the 2023 Employer of The Year Awards (EYA) after it won in the Corporate Performance category. This is the first time Ipsos in Kenya has won the Award.…
- Media, business, government, technology, and community leaders from across Africa, the USA, and beyond will convene in Cape Town, South Africa to participate in the annual Africa Business Media Innovators (ABMI) forum on October 30 – November 1. Co-hosted by M. Scott Havens, CEO, Bloomberg Media…
- Blessed is that country that cares about the most vulnerable in society; the poor, the old, people with special needs, among others. It is only through taking care of the lowest in the pyramid that a country goes forward. A country with a revamped and working social protection system is often more…
- In the world of sports and betting, SportPesa Sportsbook is not only creating millionaires but fostering hope and generating opportunities for individuals and communities. In this inspiring narrative. First meet Mugo Nkonge, a steadfast farmer with aspirations that transcended the fields of…
- In the grand symphony of life, our finances dance to the tune of the 50/30/20 budget rule, a melodious composition that harmonizes our income allocation. This financial symphony divides our earnings into three resounding movements, each with its own unique notes and crescendos. Read Also: Dear…
- The government has announced plans to buy one million bags of maize from farmers, for 4,000 shillings per 90-kilogram bag. The Agriculture Cabinet Secretary (CS) Mithika Lintur was speaking on Thursday when he appeared before the Senate Committee on Agriculture, Livestock, and Fisheries,…
- It’s less than two weeks after payday and many people are already broke. Yet it has little to do with their income or the cost of living. Many do not know why they continue to suffer financial hardships. Their biggest undoing is a lack of knowledge to manage their money effectively. They also lack…
- Taxation is a fundamental component of a functioning economy, enabling governments to raise funds, promote economic stability, address income inequality, and provide essential public services. To be precise, taxation is a primary source of government funding as it contributes more than 95% of the…
- People earning an average salary who live frugally, save diligently, and invest wisely can leverage their income as a springboard to generational wealth. Self-made millionaires have a few things in common: patience, discipline, being methodical, having great ideas and sometimes turning them into…
- The Kenya Union of Post-Primary Education Teachers (KUPPET) has issued a stern warning to boycott the invigilation, supervision, and marking of national examinations, citing poor treatment. As the scheduled dates for national examinations approach, through its national officers, KUPPET has…
- Absa Bank Kenya PLC has today announced an increase in transaction limits on its Timiza wallet, offering customers greater flexibility and convenience in managing their finances. Under the new changes, the maximum amount that one can transact in a single transaction on Timiza has been raised to KES…
- Kenya Revenue Authority (KRA) has pledged to address challenges faced by the informal sector in a bid to incentivize and onboard the sector players into the tax net. Speaking during the 2023 Annual Tax Summit, KRA Commissioner General Mr. Humphrey Wattanga said that the sector which is estimated to…
- Exceptional customer service is crucial for the ongoing vitality of prosperous businesses, without it, they may buckle under the heavy load of unfavorable feedback and high customer turnover. Fortunately for you, we’ve assembled a list of five essential tactics to bolster customer service in your…
- Standard Chartered has published its Future of Trade: Africa report, highlighting the outlook for African trade and providing a view of the African Continental Free Trade Area (AfCFTA) as a key proponent of optimizing intra-African trade. The report finds that Africa’s total exports will reach…
- Maize prices have continued to drop in most parts of the county as the government remains silent on minimum prices. Earlier, the government had promised to announce producer prices, but until now, nothing has happened, making farmers’ patience run out, with traders flocking to the market offering…
- In a symphony of financial metamorphosis, NCBA Bank Kenya has announced an enchanting alteration to its Base Lending Rates, echoing the cadence of the ever-evolving macroeconomic landscape. Effective November 8, 2023, the melodies of interest rates will harmonize anew, painting a picture of fiscal…
- The savings rate within a nation is shaped by a rather complex interplay of economic, social, and policy factors. Typically, developing economies aspire to achieve higher savings rates as a means of buffing up capital for vital investments in areas such as infrastructure, education, and overall…
- The 9th Annual Tax Summit convened by the Kenya Revenue Authority (KRA) has come to a ceremonious end with an in-depth lecture by Dr. Shikoh Gitau on Creating an Economy On Supersonics: The Role Of Digital Transformation. The virtual summit brought together experts across the divide, including…
- The Kenya Revenue Authority (KRA) board has redeployed Ms Lilian Nyawanda to the position of Commissioner of Customs & Border Control (C&BC) to take over the implementation of initiatives that will drive Customs revenue. The re-deployment follows her release by the National Treasury and…
- On Wednesday, the Nairobi City Water and Sewerage Company listed areas that will experience water shortage due to repair works which will begin at 6:00 a.m. on Thursday, October 12, 2023, to Friday, October 13, 2023, at noon. According to the notice, Several Nairobi estates along Thika Road,…
- Kenyans are to continue digging deeper into their pockets to put food on the table as CBK lists six more food items whose prices are projected to increase in October 2023 owing to current market conditions. According to the Agriculture Sector Survey Report that was released in September 2023 by the…
- Aga Khan University Hospital, Nairobi (AKUH, N) has for the second time been certified as a Centre of Excellence for the management of heart attacks by the Joint Commission International (JCI), the recognized global leader in health quality standards. AKUH, N was the first hospital in Sub-Saharan…
- Agriculture is an important economic activity for Kenya contributing to approximately 33% of the country’s GDP and employing more than 40% of the total population. Over the recent years, we have seen Government, the private sector, and development agencies join hands in working towards the…
- The Kenya Revenue Authority (KRA) is hosting the 9th Annual Tax Summit with a focus on building a resilient and progressive tax system in Kenya while moving hand in hand with other countries within and without the continent. The summit brings together experts in taxation and revenue creation from…
- Following reports that NTSA has refused to renew the license for taxi-ailing company, Bolt, the company has come out to dispute the news doing rounds in a section of the media. Here is their full statement: Bolt has been operating as a fully compliant operator as per the National Transport and…
- United Bank for Africa (UBA), has launched the UBA Braille Account Opening Form, a first-of-its-kind initiative in Kenya, designed specifically to cater to the financial needs of the visually impaired. This marks a significant leap toward enhancing inclusivity and accessibility in banking services…
- The National Transport and Safety Authority (NTSA) has refused to renew the license for the taxi-hailing app, Bolt over breaches of transport regulations despite numerous warnings from the regulator. Bolt has been widely accused of illegal commission charges and booking fees from both customers and…
- Equities Turnover declined by 77.9% to KES 161.2Mn down from KES 729.2Mn the previous trading day. Local investors were the dominant players on the day. They accounted for c. 69.3% of the total market turnover. Foreign investors remained bullish on key blue chips to print net inflows of KES 58.5Mn…
- Banking stocks dominated the top-mover chart of the day. StanChart, Equity Group, and Coop shed, 1.7%, 1.0%, and 0.4% respectively while KCB Group maintained a position of relative strength, with the price remaining unchanged at KES 20.95. Equity Group was the top traded counter on the day,…
- In an era when frugality was the ingenious life hack, my neighbor’s story of unwavering perseverance shines as a beacon of financial fortitude. As a security guard, his modest income has stagnated for a decade, but he defied the odds, raising five children, sending them through college,…
- In the heart of Kenya’s vibrant car culture, where the love for automobiles pulsates through every city street and remote village, lies a paradox that challenges even the most fervent petrolhead’s devotion. Kenya, a country that adores the latest and greatest vehicles, finds itself ensnared in a…
- Over three decades have passed since the inception of World Mental Health Day in 1992, an initiative by the World Federation for Mental Health to spotlight mental health issues and rally global efforts in their support. Nations worldwide have responded through diverse initiatives such as…
- Lenovo, a global technology leader, is delighted to announce the rollout of a youth development project aimed at empowering and supporting underprivileged children at the Kibera Community Library (KNLS) in Nairobi. Lenovo has partnered with African Storybook, an esteemed organization dedicated to…
- Kenya’s national carrier, Kenya Airways (KQ), has been awarded the Best Innovation and the Most Impactful Breakthrough awards for being the first African carrier to pioneer the use of Sustainable Aviation Fuel (SAF) from Africa to Europe. The awards were presented at the 2023 Sustainable Flight…
- In the vast orchestra of life, debt often plays the discordant note that disrupts our financial symphony. Yet, within the realm of this cacophony, there exists a beautiful melody waiting to be composed—a melody woven with the threads of patience, discipline, adaptability, financial literacy,…
- Sahimiye Foundation has called on De La Rue, the world’s biggest printer of banknotes, to cancel a contentious $9.6 million contract to print 380 billion SL shillings for the Somaliland government. In an open letter to De La Rue, Sahamiye notes the decision to increase the money supply in…
- PwC’s Global Economic Crimes Survey report has found that Public Sector corruption is still among the most disruptive economic crimes in East Africa. This is despite the efforts invested in building and strengthening accountability through investments in public finance management (PFM) and…
- Tatu City has appointed Laxmanbhai Construction Limited to complete the first phase of infrastructure and public realm works for Tatu Central, the new business and living district at Tatu City. CCI Global, the first occupant of Tatu Central, begins to move into its 5,000-seat call center at Tatu…
- In the grand symphony of life, where every note represents a financial choice, there exists a powerful rhythm that often goes unnoticed – the dance between cash flow and net worth. In the spotlight of wealth management, it’s imperative to understand why, more often than not, cash flow should take…
- In the tapestry of life, financial literacy is a thread essential to weaving a strong financial fabric. Akin to a mariner navigating uncharted seas, embarking on adulthood without a firm grasp of financial principles can lead to perilous waters. To illuminate the significance of financial literacy…
- Amidst the global economic downturn and geopolitical uncertainties, the Kenyan NSE stands tall, a paradox of resilience amidst adversity. Often criticized for its underperformance, this market offers unique opportunities that savvy investors can leverage. Historical Perspective The Kenyan bourse’s…
- If a draft Bill before Parliament is, the National Treasury Cabinet Secretary Njuguna Ndung’u will have the power to regulate the prices of essential commodities. The Price Control (Essential Goods) (Amendment) Bill, 2023, proposed by Khwisero MP Christopher Aseka, seeks to amend the Price Control…
- The Teachers Service Commission (TSC) has excluded primary school teachers assigned to junior secondary school (JSS) classes from the training scheduled to start next week. In March this year, TSC posted around 7,400 PTE teachers who qualified for deployment to teach grade 7 learners in March.…
- 1,000 smallholder maize farmers in Embu County are set to benefit from access to digital credit for inputs and insurance to boost agricultural production. Through a financing agreement between Family Bank and DigiFarm, the farmers based in Mbeere North and South sub-counties will be able to borrow…
- LG Electronics (LG) targets to have over 300 million devices across the globe powered by webOS within the next three years. This is even as it extends webOS to more third-party TV companies and expands the platform to other product categories. The move is in line with the company’s plan to become a…
- M-TIBA has partnered with eBee, an electric mobility solutions provider that creates jobs for youth and women by providing last-mile delivery services on electric bicycles. The partnership will enable over 200 eBee riders to get innovative healthcare coverage of up to KES 200,000 through the…
- The world is moving green. There are no two ways about it. Individuals and businesses have no choice but to embrace greener ways of living and doing business that will be friendly to the earth we live in. The East African region has not been left behind. Harnessing the Power of the Sun East Africa…