Business

13 May 2022 - Borrowings under Fuliza in the period between March 2021 and March 2022 hit a total of 1.37 billion shillings daily. Financial pressures have pushed one million more Kenyans to rely on fuliza loans, pushing the overall amount disbursed by the overdraft…

13 May 2022 - Britam General Insurance has today launched a new travel insurance plan in partnership with Kenya’s leading tour and travel company – Bonfire Adventures and insuretech firm – Perks. Under the collaboration, Britam will provide Bonfire’s customers, with…

13 May 2022 - African payments company, Interswitch has secured a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital

13 May 2022 - The Kenya Bureau of Standards (KEBS) now says there is no cause for alarm regarding the indomie noodles that have so far faced a market ban in Egypt and Rwanda. KEBS on Thursday revealed that there is no connection between the products recalled in Egypt…

13 May 2022 - Depending on one income stream, especially employment income is increasingly becoming a challenge for most people in Kenya today. It is natural to try your hand in business, especially given the praise the majority of society gives to risk-taking…

13 May 2022 - Tesla shares are down 15% since last Friday, making it a bad week for the world’s richest person. Tesla and SpaceX chief Elon Musk lost $15.7 billion of his net worth on Wednesday, as shares of his electric vehicle maker fell by 8%. The world’s richest…

13 May 2022 - Pan-African cryptocurrency platform, Mara has raised $23 million in funding, seeking to create a portal to the crypto economy for Africans.

13 May 2022 - The top downloaded apps in Q1 2022

13 May 2022 - NAIROBI, Kenya May 13-Kenyans have been urged to tap on their high knowledge levels in online trading to gain maximum benefits from both local and global markets. Speaking to Capital Business, Scope Markets Chief Markets Analyst, James Hughes noted that…

13 May 2022 - SuperSport viewers on DStv and GOtv can look forward to action from the FA Cup final, with Liverpool taking on Chelsea at Wembley Stadium in London on the afternoon of Saturday 14 May 2022. DStv and GOtv are the only true home of football in Africa,…

13 May 2022 - Tanzania has announced plans to cut a road toll by about 71% on the Uganda-bound cargo trucks, as part of the agreement reached during the meeting of the two

13 May 2022 - When you are a mother, you are never really alone in your thoughts. A mother always has to think twice, once for herself and once for her child. That’s how powerful a mother’s love is. To many, young and old, love as powerful as a mother’s love, leaves…

13 May 2022 - Tanzania is in talks with the International Monetary Fund (IMF) for a three-year financing package of $1.1 billion, as President Samia Suluhu Hassan seeks to

13 May 2022 - Kenyans borrowed Sh9.67 billion weekly via Safaricom's overdraft service Fuliza in the year ended March as an additional one million customers joined.

13 May 2022 - No nation has ever succeeded by overtaxing her already emaciated and dying population. What is the use of trying to milk an already dead cow? It seems as though the government of Kenya only cares about the taxes collected but gives no damn about the…

13 May 2022 - AFC is a pan-African Multilateral Development Financial Institution that seeks to bridge Africa’s infrastructure investment gap through the provision of debt

13 May 2022 - San Francisco, United States May 13-Twitter confirmed Thursday that two senior executives are heading for the exit and it has paused most hiring, as Elon Musk stands poised to become the global messaging platform’s new owner. Kayvon Beykpour, a general…

13 May 2022 - Absa Bank Kenya has today 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-…

13 May 2022 - NSE has approved for trading four securities for trading as single stock futures and will be available from Monday, 16th May 2022.

13 May 2022 - There has been a discussion about Generation Z. Some people have been furious and angry alleging that Generation Z, also known as Gen Z are stubborn and lazy and that they always have a taste for high and flashy things. In all the allegations, the only…

13 May 2022 - The Central Bank of Kenya(CBK) has accepted KSh 23.1 billion at the weekly treasury bills auction after receiving bids worth KSh 24.5 billion, a performance

13 May 2022 - The NSE will have its 68th Annual General Meeting(AGM) by electronic communication on 3rd June 2022.

13 May 2022 - At a rafter-scrapping 6’ 5’ tall, Ezekiel Macharia, the managing director and chief actuary at Kenbright Holdings, seems to stoop under everything.

13 May 2022 - Former TV47 CEO Eugene Anangwe has landed a new job – big and better – two years after being forced to resign from the then budding media house. Mr Anangwe, who had taken up the job of CEO at Look Up TV, a faith-based television station, has been…

13 May 2022 - Equity Group Holdings Plc recorded a net profit of KSh 11.5 billion at the end of the first three months of 2022 compared to a net profit of KSh 8.6 billion

13 May 2022 - Betty has literally risen through the ranks and broken the glass ceiling. “I was very focused on becoming an engineer from a very early age because I loved to tinker with electronics much to the shock of my parents who would often find some important…

13 May 2022 - The telecoms operator’s disclosures show that the value of bets jumped 23.8 percent from Sh136 billion a year earlier, defying a government clampdown on gambling.

13 May 2022 - Laikipia County’s planned issuance of a KSh 1.16 bond has received approval from the Kenya's National Government Cabinet.

13 May 2022 - Kenyan gamblers placed bets worth Sh463 million daily through Safaricom's M-Pesa platform in the financial year ended March 2022.

13 May 2022 - Data by Safaricom revealed that 732.29 million betting transactions were paid for through M-Pesa in the financial year ended March.

13 May 2022 - The lawmakers also want the SRC to reinstate a monthly house allowance and raise the perks to Sh400,000.

13 May 2022 - The government will repossess idle land owned by parastatals and lease it to private investors for commercial agriculture to rev up the production of food.

13 May 2022 - The telco's profit after tax dropped by 1.7% to Sh67.5 billion in 2021.

13 May 2022 - Kephis is currently working on a team that will be going to India to study the situation.

13 May 2022 - Your belief in your bright future would cause a change in your thinking

13 May 2022 - Safaricom has retained its dividend payout despite a 1.7 percent drop in net profits of Sh67.4 billion for the year ending March 2022 on Ethiopian entry.

13 May 2022 - Safaricom is readying to start its operations in Ethiopia this year.

13 May 2022 - M-Pesa revenues continued to grow astronomically to Sh107.69b, crossing the Sh100b mark for the first time.

13 May 2022 - Equity Group's net profit for the first quarter of the year has risen by 36 per cent to Sh11.86 billion on increased interest and non-interest income.

13 May 2022 - The United States Chamber of Commerce has hit out at President Joe Biden administration’s perceived delay in concluding a new trade deal with Kenya.

13 May 2022 - The number of refugees in East Africa has risen by 230 percent since 2011, the UN reports.

13 May 2022 - The expansion comes months after the firm dealing in outbound, inbound and webchat multi-channel contact centres took up space at the Garden City Business Park.

13 May 2022 - The aviation regulator has issued 100 new licences to drone pilots in the past seven months to operate unmanned aerial vehicles.

13 May 2022 - The competition watchdog has stopped a bid by large-scale millers to manage the allocation of locally produced wheat among themselves.

13 May 2022 - The well-read men of the 60s and 70s sounded quite snobbish and elitist.

13 May 2022 - A few days earlier, the magistrate had placed two police officers in the dock for failing to bring witnesses for the hearing of a case.

13 May 2022 - Companies struggle with higher production costs during periods of high inflation and are forced to raise product prices.

13 May 2022 - The shift to using part of the cash to issue loans has been disclosed by Kingdom’s parent company Co-op Bank in its annual report.

13 May 2022 - Dementia is not a specific disease but rather a group of conditions characterised by impairment of at least two brain functions, namely memory loss and judgement.

13 May 2022 - KAM in a memorandum to the National Assembly argues the Public Finance Act gives Treasury secretary Ukur Yatani the power to waive taxes with no legal provision.