02 October 2023
- On Monday 2ndrd October, the Salaries and Remuneration Commission (SRC) announced that the six allowances had already ceased to be payable. Members of Parliament had threatened to dissolve the SRC in August 2022, after the committee proposed…
02 October 2023
- NAIROBI, Kenya, Oct 2 – Togolese passenger airline Asky Airlines started flying to Nairobi from Lome on Saturday as the company expanded its presence in East Africa. The airline will be flying four times a week between the two nations. Its expansion…
02 October 2023
- Absa Bank Kenya PLC has announced the re-introduction of a China Desk to offer tailor-made solutions to the growing community of Chinese investors and businesspeople operating in Kenya and the East African region. This strategic initiative…
02 October 2023
- KIGALI, Oct. 1 (Xinhua) — Jean Paul Kubwimana, a Rwandan resident, is engaged in a lucrative greenhouse farming venture after receiving support from the Sustainable Agricultural Intensification and Food Security Project (SAIP), a project funded by…
02 October 2023
- NAIROBI, Kenya, Oct 2 – Chinese investors and businesspeople operating in Kenya and East Africa will access banking services after the relaunch of the China Desk by Absa Bank Kenya. The new desk, which is fully staffed with Mandarin-speaking…
02 October 2023
- Without wanting to stimulate undue concern, businesses should seriously consider the potential of future pandemic outbreaks and build up their operational resilience. This is a strong message from Carla Jordan, CEO of corporate underwriter, Emerald…
02 October 2023
- During the week, there were significant outflows in the settlement of government securities and reverse repos which pushed the interbank rates higher, indicating a more lopsided distribution of liquidity. The average interbank rate rose to 12.69%,…
02 October 2023
- The Ministry of Labour and Social Protection Florence Bore has announced that the government seeks to close all children’s homes and orphanages in the country. Speaking in Isiolo on Saturday, Florence Bore when she met Staff and Children at the…
02 October 2023
- TOPLINE Tesla CEO Elon Musk took to X to scrutinize a German humanitarian group conducting a rescue operation in the Mediterranean Sea, suggesting such operations and their transport of rescued immigrants to Italy are a violation of the country’s…
02 October 2023
- Kenyans whose passports have been delayed for months can now smile as the Directorate of Immigration Services published a list of all passports that are ready for collection across the country on its website. According to the Directorate of…
02 October 2023
- “This week we issue a BUY recommendation on NCBA Group. We remain positive on the firm’s earnings growth trend as well as its strategic venture into bancassurance with the acquisition of a controlling stake in AIG Kenya Insurance Co,” said Genghis…
02 October 2023
- WASHINGTON, Oct. 1 (Xinhua) — The World Bank on Sunday projected a 5.1 percent growth for the Chinese economy in 2023, according to its newly released East Asia and Pacific Economic Update. “China has remarkable strengths,” Aaditya Mattoo, chief…
02 October 2023
- Obunga FC and Plateau Queens, both from Kisumu County, are the 2023 champions of the Safaricom Chapa Dimba Nyanza region. Obunga FC was crowned the new regional champions after beating Awendo Academy from Migori 2-1 in a hotly contested match at Moi…
02 October 2023
- NAIROBI, Kenya, Oct 2 – Kericho Women Representative Beatrice Kemei is sponsoring a motion in the National Assembly to compel the national government to build proper access roads on all roadside markets in the country. Lack of proper access roads,…
02 October 2023
- The y/y inflation in September 2023 increased marginally by 0.1% points to 6.8%, from the 6.7% recorded in August 2023. This was in line but below our projections of an increase to within a range of 7.2% to 7.6%. The headline inflation in September…
02 October 2023
- NAIROBI, Kenya, Oct 2 – NCBA Bancassurance Intermediary Ltd., a subsidiary of NCBA Group, has today rolled out a digital insurance service, allowing customers to buy policies digitally. The self-service portal, dubbed NCBA Go Insure, aims to…
02 October 2023
- Chest pain that feels like pressure or tightness can be an indicator of serious and life-threatening heart disease and should be evaluated promptly ideally in an emergency department. It is critical to visit a hospital that has a system in place for…
02 October 2023
- Six Kenyan companies are among 24 firms from across Africa that have joined African Hidden Champions, an exclusive network of companies founded in 2020.
02 October 2023
- Oil prices climbed on Monday, reversing some of Friday's losses, as investors focused on a tight global supply outlook and a last-minute deal that avoided a U.S. government shutdown restored their risk appetite.
02 October 2023
- The Kenya Shilling depreciated by 0.4% against the US dollar to close the week at Kshs 148.1, from Kshs 147.4 recorded the previous week. On a year-to-date basis, the shilling has depreciated by 20.0% against the dollar, adding to the 9.0%…
02 October 2023
- During the week, T-bills were undersubscribed for the third consecutive week, with the overall subscription rate coming in at 56.9%, albeit lower than the undersubscription rate of 84.1% recorded the previous week. Investors’ preference for the…
02 October 2023
- NAIROBI, Oct. 2 (Xinhua) — The Plan for China Supporting Africa’s Agricultural Modernization, envisioned by Chinese President Xi Jinping, holds the key to advancing the continent’s inclusive growth, a Kenyan scholar has said. Once fully implemented…
02 October 2023
- BEIJING, Sept. 30 (Xinhua) — China’s lottery ticket sales surged 53.6 percent year on year to about 52.96 billion yuan (about 7.38 billion U.S. dollars) in August, data from the Ministry of Finance showed. Sales of lottery tickets to support the…
02 October 2023
- NAIROBI, Oct. 1 (Xinhua) — Kenya is making progress in enhancing child online safety amid the rapid proliferation of the internet, a United Nations Children’s Fund (UNICEF) official said Friday. Eri Mathers Suzuki, chief of child protection at the…
02 October 2023
- 22 experts from 13 African countries will take part in a new special course aimed at improving nuclear and radiation safety in the continent.
02 October 2023
- CAK investigation comes at a time farmers are grappling with high cost of products. Some firms have also closed shop amid low demand for livestock feed due to high prices.
02 October 2023
- When this column was first written nine years ago, the country had just discovered and was on the cusp of exploiting its oil resources.
02 October 2023
- The shrinking of the commercial banks’ loan book for the first time in 20 months in July suggests that the financial institutions are taking a cautious approach to issuing new loans amid rising...
02 October 2023
- A Kenya Institute for Public Policy Research and Analysis (Kippra) report has indicated that Kenyan workers are worse off in spite of the 12 percent minimum wage increase that was awarded last...