23 May 2022 - The Ministry of Education is on the spot over whether the taxpayer got value for money in the Sh1.9 billion supply of personal desks in public schools.

23 May 2022 - The latest data from the Treasury shows that Kenya spent Sh113.72 billion on pensions in the period under review.

23 May 2022 - Nairobi Securities Exchange( NSE) began the week with 13million shares valued at KSh 447million, against 7.95million shares valued at Kes.273million posted on Friday. The NSE 20 share Index was down 8.26 points to stand at 1672.27. All Share Index NASI shed 3.46 points to stand at 129.06. The NSE…

23 May 2022 - NAIROBI, Kenya, May 23 – The Government has urged business firms and the private sector to resist blackmail and extortion disguised as protection money by rogue politicians. Interior CS Dr. Fred Matiangi has said intelligence agencies are aware that politicians are extorting donations from…

23 May 2022 - NYANDARUA, Kenya, May 23 – Nyandarua County disclosed the least budget information to the public last financial year compared to its Central Economic Bloc peers, to the displeasure of its residents. According to The Kenya County Budget Transparency Survey 2021 by the International Budget…

23 May 2022 - Muscat, Oman May 23-Iran’s President Ebrahim Raisi arrived in Oman on Monday as the two countries signed a string of trade deals and as international talks on Tehran’s nuclear programme hang in the balance, leaving the Islamic republic under sanctions. Raisi, on his second Gulf visit since taking…

23 May 2022 - NAIROBI, Kenya, May 23 – Equity has introduced its Equity Virtual Assistant (EVA), the Bank’s chat banking platform on social media platforms including WhatsApp, Facebook Messenger, and Telegram. EVA chatbot offers digital banking and customer support services to existing and new customers and can…

23 May 2022 - NAIROBI, Kenya May 23-The Uganda Tourism Board (UTB) has commenced a tourist roadshow in Kenya, partnering with Kenyan tour operators in a bid to boost intra-African tourism between the two East African countries. The roadshow taking place at the Sarova Stanley Hotel in Nairobi, from May 23-25…

23 May 2022 - NSE Market Capitalization closed last week at KSh 2,064.95 Billion, a 5.12% decrease from the prior week’s KSh2,176.36 Billion. According to the NSE Barometer weekly bulletin, there was a net outflow of KSh 584.24 million during the past week, from the prior week’s outflow of KSh 1,208.62 Million.…

23 May 2022 - The Celo Foundation, a non-profit US-based organization that supports the growth and development of the open-source cryptographic networks has released its 2021 annual report that reveals the exponential growth of the Celo blockchain ecosystem while providing insights into the state of the industry…

23 May 2022 - NANYUKI, Kenya May 23-Dalbit Petroleum Ltd has marked its 20-year anniversary by planting 1,000 trees at the Mount Kenya Wildlife Conservancy as part of its environmental conservation efforts aimed at preserving the world’s first Mountain Bongo sanctuary. The tree planting exercise was done in…

23 May 2022 - NAIROBI, Kenya, May 23 –Kenya is set to roll out a grant telemedicine program across the country to improve access to healthcare, particularly in remote and marginalized regions. Already, the government through the Communication Authority has set aside Shs600 million to fund the laying out of the…

23 May 2022 - Treasury has developed a draft framework for sharing revenue from mineral royalties among National Government, County Governments and Communities. In a public notice, Treasury CS Ukur Yatani said the purpose of the draft framework is to provide for budgeting of mineral royalties at the National…

23 May 2022 - Three judges of the Appellate Court said the payment of Sh27 million for damages was high and slashed the amount to be paid by Dr Githongo to Sh10 million.

23 May 2022 - Nairobi Central Railway Station project designs have been completed by Atkins UK on behalf of Kenya Railways Corporation and the Ministry of Transport. In January 2020, President Uhuru Kenyatta asked for British support for the Nairobi Railway City & Central Station programme to expand and…

23 May 2022 - Nairobi Securities Exchange(NSE) Weekly Equity Turnover stood at KSh 1.64billion on 54.8million shares when trading ended at the bourse last week, against KSh 2.48billion on 77.8million shares posted the prior week. The benchmark NSE 20 share index declined by 66.69 points to stand at 1680.53. The…

23 May 2022 - NAIROBI, Kenya, May 23 –  Kenya Tourism Board (KTB) is capitalizing on conferences and business meetings to popularise leisure activities in the country. KTB Chief executive officer  Betty Radier says tour operators are quickly taking advantage of conferences hosted in the country to offer travel…

23 May 2022 - Central Bank of Kenya(CBK) received bids worth KSh 17 billion at the May Treasury Bonds tap sale out of the advertised amount of KSh 10 billion and accepted KSh 16.9 billion. The 10-year Treasury Bond received bids amounting to KSh 5,967.65 million, with the state fiscal agent accepting KSh 5,967.…

23 May 2022 - Equity Group has invested KSh400 million in establishing a subsidiary that will run its insurance business as the listed firm seeks to diversify from the mainstay banking operation. According to disclosures in its latest annual report, the company committed the amount to Equity Group Insurance…

23 May 2022 - NAIROBI, Kenya, May 23 -Tea prices have continued to decline at the tea auction falling below the minimum price of Shs 279 set by the Kenya Tea Development Agency (KTDA). According to the East African Tea Trade Association, a kilo of tea sold at Sh 262 during the auction held last week an increase…

23 May 2022 - Whether you are just a beginner in investments or you have been in the game for a long time, there are certain fundamental rules and principles that you need to pay attention to if you want to invest successfully. You need the right toolkit to help you dissect the concepts of investing. A lot of […]

23 May 2022 - Kenyans living abroad sent home KSh41.35 billion in April (diaspora remittances), a KSh700 million drop compared to the KSh42.05 billion sent in March. The Central Bank of Kenya (CBK) data shows the US remains the largest source of remittances into Kenya, accounting for 62% in the period under…

23 May 2022 - Washington, United States, May 23 – A US military plane bringing several tons of much-needed baby formula from Germany landed Sunday at an airport in Indiana as authorities scramble to address a critical shortage. Scarcity of medical-grade baby formula caused by production problems and supply-chain…

23 May 2022 - Airtel Africa Plc has recalled $505 million bonds and sold off telecommunication towers in Malawi, Madagascar and Tanzania for a total consideration of $284 million as part of measures to pay off close to $3 billion debt. By recalling a bond, a firm pays off the principal amount and the interest of…

23 May 2022 - Kenya’s Horticulture exports earnings dropped by KSh20 billion in the first quarter of this year, attributed to low-quality avocados and a sharp fall in returns from flowers. Data from the Kenya National Bureau of Statistics (KNBS) shows the export value of the produce declined to KSh26 billion in…

23 May 2022 - KAJIADO, Kenya, May 23 -Kajiado Governor, Joseph ole Lenku, has appealed to the National Government to step in and provide relief food and water, to cushion residents from the effects of the on-going drought. Lenku revealed that most parts of the County have been affected severely, following…

23 May 2022 - MOMBASA, Kenya, May 23 – Phase-Two of the Sh32 billion second container terminal at the port of Mombasa is complete and set for commissioning next month. Construction of the terminal which started in September 2018, is expected to increase the port’s annual capacity by 450,000 containers, bringing…

23 May 2022 - Kenya’s debt repayments towards infrastructure projects funded by China have more than doubled to KSh73.48 billion the current financial year, attributed to increased clearance of principal sums after lapse of the grace period. Expenditure data published by the National Treasury shows the debt…

23 May 2022 - Regional micro-financier Platinum Credit is set to get a Sh5.2billion ($45 million) loan from the International Finance Corporation (IFC) to support the growth of small businesses in Kenya and Uganda. A disclosure by the World Bank’s private-sector lending arm said the credit will be extended to…

23 May 2022 - The African Development Bank (AfDB) has announced a $1.5-billion fund to boost grain production to help avert potential food shortages stemming from Russia’s war with Ukraine. AfDB will use the facility to supply about 20 million farmers with climate-smart certified seeds and fertilizer. That’ll…

23 May 2022 - The Ministry of Tourism & Wildlife has launched a new strategy Dubbed “the new vision for Kenya’s tourism” that seeks to diversify the country’s tourism offering, moving away from dependence on Safari and Beach destinations. The strategy is a five-year plan that is set to provide a road map for…

23 May 2022 - Kericho County government has signed a deal with Stanbic Bank to offer financial support to Small and Medium Enterprises (SMEs) to grow their businesses in addition to sponsoring digital skills training within the devolved unit. The memorandum of understanding (M0U) between the two entities was…

23 May 2022 - The government has granted a waiver of import duty capped at 540,000 metric tonnes of maize allowing cereal traders to import the grain. This follows a warning by the Agriculture Cabinet Secretary Peter Munya about an impending maize crisis in the country. In a gazette notice published Friday, May…

22 May 2022 - Our cultures are unique, and they help us to identify with each other or with particular groups.

22 May 2022 - Judge Anthony Mrima urged the IEBC to develop the regulations and spending limits in accordance with the guidance given in the judgment so as to give effect to constitutionalism.

22 May 2022 - A few weeks ago, my truly long-suffering but super-efficient relationship manager sent me a note asking me to re-apply for the facility.

22 May 2022 - The amount represents 85 percent of the Sh447.33 billion that gamblers staked in the period, according to Pevans’ audited financial statements.

22 May 2022 - Distributors of alcoholic drinks have accused KRA of adjusting excise duty rates on about 30 products upwards in spite of a court order suspending implementation.

22 May 2022 - BII has pledged investments worth $7.5 billion (Sh873 billion) in Africa and the fund’s chief executive Nick O’Donhoe says Kenya has the potential of taking up 10 percent of the capital commitment.

22 May 2022 - Independent power producers have asked the government to shift to electricity auctions to cut the cost of electricity rather than tearing up existing contracts.

22 May 2022 - The European Union and its partners reimbursed Kenya nearly Sh2.54 billion for troops fighting Al-Shabaab militia in Somalia in the nine months to March 2022.

22 May 2022 - Government grants are assistance in the form of transfers of resources to an organisation in return for past or future compliance with certain conditions.

22 May 2022 - In smaller organisations, human resource issues are typically handled by the owner.

22 May 2022 - Unless you live in the west, where at times divorce terms are laid down before the marriage is solemnised, no one plans for it.

22 May 2022 - Bitcoin Pizza Day is celebrated on 22nd May every year to commemorate the early adopters who paid Bitcoins for Pizza. On 22nd May 2010, Laszlo Hanyecz announced on the Bitcoin forum that he had bought two pizzas for 10,000 Bitcoins. This was the first time Bitcoin was used to buy physical goods …

22 May 2022 - NAIROBI, Kenya May 22-The Ministry of Tourism & Wildlife has launched a new strategy that seeks to diversify the country’s tourism offering, moving away from dependence on Safari and Beach tourism. Dubbed “the new vision for Kenya’s tourism” the strategy will provide a road map for the sector…

22 May 2022 - The International Monetary Fund (IMF) has agreed to delay the deadline, by at least three months, for Somalia’s credit facility in a move which could free up the country’s access to budgetary funding from external lenders. The IMF, at staff level, said they had reached an agreement with the federal…

22 May 2022 - The government of Tanzania has announced that it is now ready to allow investment in 5G network trials, seeking to further develop its digital economy. In 2020, Vodacom said it targeted to invest in the 5G technology, and it was just waiting for the regulatory approval. The government now welcomes…

22 May 2022 - KIAMBU, Kenya May 22-The government has granted a waiver of import duty capped at 540,000 metric tonnes of maize allowing cereal traders to import the grain. This follows a warning by the Agriculture Cabinet Secretary Peter Munya about an impending maize crisis in the country. In a gazette notice…

22 May 2022 - NAIROBI, Kenya May 22-Kenyans living abroad sent home Sh41.35billion in April, a Sh700million drop compared to the Sh42.05billion sent in March. According to the Central Bank of Kenya(CBK), the US remains the largest source of remittances into Kenya, accounting for 62 per cent in the period. “The…

22 May 2022 - Khanna, India May 22-When New Delhi banned wheat exports as prices soared over Russia’s invasion of Ukraine it provoked consternation abroad and drove the cereal even higher.  Now Indian farmers and traders are fuming they have been denied a windfall as domestic prices have plummeted. India is the…

21 May 2022 - NAIROBI, Kenya May 21- Movenpick Hotel & Residences Nairobi has introduced a new menu at its all-day dining restaurant; Baluba, offering a taste of East African/Continental fusion for their guests. Speaking during the relaunch on Thursday, he hotel’s General Manager – Michael Flint said, “We…

21 May 2022 - NAIROBI, Kenya May 20-Real estate company, Dowgate Properties has opened its first Safari Centre highway service station along the Nairobi-Nakuru highway, in a new servicing model for motorists and travelers. The station will offer a variety of facilities from electric vehicle charging stations to…

21 May 2022 - Bureti, Kenya May 21-Kericho County government has signed a deal with Stanbic Bank to offer financial support to Small and Medium Enterprises (SMEs) grow their businesses in addition to sponsoring digital skills trainings within the devolved unit. The memorandum of understanding (M0U) between the…