12 May 2022
- The Q1 net profit after tax for Equity Group grew by 36 percent to 11.9 billion shillings up from 8.7 billion shillings the previous year. Return on Average assets improved to 3.7 percent up from 3.3 percent with return on average equity growing to 27.4…
12 May 2022
- Market research firn GeoPoll on Thursday, May 12 released a report revealing trends in Kenya’s media landscape in Q1 2022. In television, Citizen TV owned by Royal Media Services (RMS) remains the biggest TV station in the country by a mile. In the…
12 May 2022
- Kaz and eight other elegantly-dressed Kenyans recently celebrated the Ghanaian feminist writer and researcher Nana Darkoa Sekyiamah by staging passages from her revelatory book.
12 May 2022
- The firm has partnered with the Central African Republic, which just passed a law legalizing Bitcoin as legal tender.
Food prices have doubled to tripled in some areas and created record-breaking interest rates
12 May 2022
- Two lucky young boys are set to be awarded full scholarships to study and play basketball in some of the most prestigious schools in the United States of America (USA) through the biggest basketball tournament sponsored by Big Dream Vision, a non-profit…
12 May 2022
- WINDHOEK, Namibia, May 12 -Namibia on Thursday launched a sovereign wealth fund that will promote intergenerational prosperity for all Namibians by ensuring that the distribution of benefits flowing from exploiting the country’s natural resource…
12 May 2022
- NAIROBI, Kenya, May 12 – Equity Group has posted a 36 percent growth in its Q1 net profit which rose to Sh11.9 billion from Sh8.7 billion. The firm’s Managing Director James Mwangi has attributed the growth to a clear development strategy and adoption…
12 May 2022
- Two lucky young boys are set to be awarded full scholarships to study and play basketball in some of the most prestigious schools in the United States of America (USA). This will be through the biggest basketball tournament sponsored by Big Dream Vision…
12 May 2022
- The Bloomberg Media Initiative Africa (BMIA) has unveiled the second edition of its Financial Journalism Training (FJT) program in Tanzania.
12 May 2022
- Facebook-owner Meta Platforms Inc (FB.O) is preparing cutbacks in its Reality Labs division, a unit at the center of the company's strategy to refocus on hardware products.
12 May 2022
- 1,500 primary schools have been earmarked to host junior secondary schools. The Ministry of Education said the schools had been selected because they had adequate learning and teaching facilities and land for physical expansion In a statement on…
12 May 2022
- Saving is already hard enough for most people. But what happens next after saving? You want to grow your savings and achieve the goal for which you have been sacrificing a significant portion of income. There are however, many money habits that can…
12 May 2022
- In comparison to Fuliza's 31% revenue growth in 2021, M-Shwari and KCB M-Pesa - Safaricom's two other mobile lending products - fell 13.4% and 18.7% respectively.
12 May 2022
- NAIROBI, Kenya, May 12-Entrepreneurs in the Housing Sector have a chance to scale their businesses and attract investor funding through the Young Ventures Accelerator Program in Affordable Housing Supported by GIZ. The program, which is being run by…
12 May 2022
- Most of you must have come across the hashtag #KenyavsUganda, on memes and Twitter where the fire is burning. You may be wondering what’s happening between the two countries. Well, the Twitter war started just after Rihanna announced plans to launch her…
12 May 2022
- CCI Global, the largest international contact center operator in Africa, has announced that it is opening a new purpose-built, state-of-the-art office in Tatu City that will create more than 4,000 employment opportunities for Kenyans. CCI has grown…
12 May 2022
- TPS Eastern Africa Plc has reduced its net losses by more than half to KSh 632.9 Million at the end of 31st December 2021, compared to a net loss of KSh 1.2
12 May 2022
- Absa Bank Kenya has introduced a new doctor’s customer value proposition that will benefit 10,000 medical practitioners affiliated with Kenya Medical Association (KMA). Under this partnership, medical practitioners will receive Absa prepaid multi-…
12 May 2022
- Many young and tech-savvy Kenyans have been turning to crypto-assets to grow their wealth and hedge against the inflation of the Kenya shilling. The last week, however, has been a tough one for crypto investors, with all major cryptocurrencies shedding…
12 May 2022
- The Capital Markets Authority (CMA) has issued licenses to African Alliance Kenya Asset Managers Limited, CPF Financial Services Limited and Kuza Asset
12 May 2022
- Kiambu, Kenya May 12-Independent tea producers in the country have lauded the government for the tea reforms introduced in the country, which have addressed the drastic decline in market pricing of tea, especially at the auction. There had been concerns…
12 May 2022
- Although this research commissioned by Actis estimates only an average of 3,000 new middle income housing units will be supplied annualy in the next 4 years, the forecasted supply is largely concentrated within areas such as Kilimani, Westlands,…
12 May 2022
- More than 250,000 jobs have been lost in the industry since 2020, only 10,000 have had their jobs restored due to the slow rate of hiring.
12 May 2022
- NAIROBI, Kenya, May 12 – MARA, a Pan-African crypto exchange, launched on Wednesday and announced USD23 million Shs2.7billion in funding and a partnership with the Central African Republic, which just passed a bill legalizing Bitcoin as legal tender.…
12 May 2022
- MARA, a Pan-African crypto exchange, launched today and announced $23 million(Ksh 2.7B) in funding from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures, Infinite Capital, DAO…
12 May 2022
- A new guideline by the Ministry of Information and Communication Technology (ICT), is set to allow Kenyans to own up to 10 sim cards. The Kenya Information and Communication Regulation 2022 which was published n Tuesday 10th, 2022, states that all…
12 May 2022
- Telecommunications operator Safaricom has posted a marginal 1.7 per cent drop in its full year profit to March 31 with net earnings at Ksh.67.5 billion from Ksh.68.7 billion previously.
12 May 2022
- Canon Central & North Africa (CCNA), a provider of imaging technologies and services is proud to announce the launch of its ‘Visionaries’ interview video series across Africa. The series will serve as a powerful platform to promote and celebrate the…
12 May 2022
- Safaricom, whose capital expenditure for the year ending March 31, 2022, was Sh49.78 billion says it spent about Sh10.4 billion setting up the network in Ethiopia.
12 May 2022
- NAIROBI, Kenya, May 12 – CCI Global, an international contact center operator in Africa, has announced that it is opening a new purpose-built, state-of-the-art office at Tatu City that will create more than 4,000 employment opportunities for Kenyans.…
12 May 2022
- Paris, France May 12-Global tourism is roaring back to life despite Covid travel headaches and the effects of the war in Ukraine, but it has yet to return to its pre-pandemic health. International tourist arrivals worldwide have more than doubled, up…
12 May 2022
- NAIROBI, Kenya May 12-The Capital Markets Authority (CMA) has issued licenses to African Alliance Kenya Asset Managers Limited, CPF Financial Services Limited, and Kuza Asset Managers Limited to operate as fund managers in the capital markets. A fund…
12 May 2022
- Nairobi, Kenya May 12- The toll rates for the Nairobi expressway which is set for opening on May 14 have been released with the highest rate being Shs 360 and the cheapest rate at Shs 120 for Saloon cars(light vehicles with two axles). Two-wheeled and…
12 May 2022
- The cost of cooking gas is likely to rise after the government imposed new taxes on imported LPG by more than 38,000 shillings. The levies have been increased from $605 (70,000 shillings) per ton of LPG to $930 (108,000 shillings) per ton of LPG. This…