18 August 2023
- Co-op Bank says it plans to garner fresh momentum on the digitisation front from its recent successful transition to a new core banking system named Finacle.
17 August 2023
- COP28 President-Designate Dr. Sultan Al Jaber has addressed the nineteenth session of the African Ministerial Conference on the Environment (AMCEN), sharing his vision and priorities for COP28, especially the need for adaptation financing and…
17 August 2023
- The Co-operative Bank of Kenya’s profit after tax for the half year ending June grew to 12.1 billion shillings, a rise from 11.5 billion shillings in a similar period last year. “The Co-operative Bank Group continues to pursue strategic initiatives…
17 August 2023
- Peter Waweru Njenga has been appointed KenGen's Managing Director by Board members, he replaces Abraham Serem who held the position in an acting capacity
17 August 2023
- Welcome to this week's Money Weekly roundup, where we are going to delve into the latest developments impacting various aspects of the financial landscape. In today’s edition, we'll explore how a new funding model is reshaping enrollment patterns in…
17 August 2023
- NAIROBI, Kenya Aug 17 – President William Ruto has nominated lawyer Andrew Musangi to be the next Central Bank of Kenya Chairperson. The announcement was made on Thursday by National Assembly Speaker Moses Wetangula who has now forwarded his name to…
17 August 2023
- NAIROBI, Kenya, Aug 17 – Kenya Breweries Limited (KBL) and Murang’a County have signed a partnership that will see KBL support farmers growing sorghum in the area. KBL Managing Director (MD) Mark Ocitti lauded the area’s Governor Irungu Kang’ata for…
17 August 2023
- NEW YORK, United States, Aug 17 – Walmart raised its full-year forecast on Thursday following a jump in quarterly profits, pointing to solid increases at US stores and e-commerce. The big retailer, which has been seen as well positioned amid…
17 August 2023
- NAIROBI, Kenya, Aug 17 – Co-operative Bank profit after tax for the half year ending June grew to Sh12.1 billion compared to a similar period last year on account of high interest and non-interest incomes. This shot up from Sh11.5 billion in a…
17 August 2023
- The Nairobi Securities Exchange-listed paint firm Crown Paints Kenya today morning partnered with Safaricom Sacco Ltd, in a strategic move as the paint firm seeks more innovative ways of bolstering its sales numbers. Crown Paints Chief Executive…
17 August 2023
- A deadly attack in Niger claims the lives of 17 soldiers, raising concerns of escalating jihadist activity following the recent overthrow of President Mohamed Bazoum. Supporters of the military junta face the dual threat of ECOWAS military…
17 August 2023
- NAIROBI, Kenya, Aug 17 – The European Union’s (EU’s) hospitality chain, MGM Muthu Hotels, has opened a new facility in Nanyuki, bringing its total facilities to five in Kenya. The firm began hosting guests on August 1, 2023, at the new hotel called…
17 August 2023
- Across Africa, educators and institutions are confronting the pressing need to transform the education sector and offer critical 4IR skills development to students. Kenya appears to be leading this revolution, with President Kenyatta announcing last…
17 August 2023
- TUNIS, Tunisia, Aug 17 – Tunisian authorities have arrested the head of the national bakery owners’ union, accusing him of a “monopoly” as the country faces a weeks-long shortage of subsidised bread, local media reported Thursday. The government in…
17 August 2023
- Smallholder Farmers in the dairy and horticulture value chains in Kenya can now access green financing from Faulu Microfinance Bank. This follows the signing of a partnership between the bank and Deutsche Gesellschaft für Internationale…
17 August 2023
- NEW DELHI, India, Aug 17 – Soaring vegetable prices after a bad harvest have prompted Burger King’s Indian outlets to take tomatoes off their menu items, following in the footsteps of other fast food giants. “Even tomatoes need a vacation!” read a…
17 August 2023
- NAIROBI, Kenya, Aug 17 – M-Pesa operations in Ethiopia started yesterday, three months after it was approved by the National Bank of Ethiopia to offer mobile money services. The nationwide rollout follows a three-month pilot and testing program,…
17 August 2023
- Hundreds of families gathered in the West Darfur capital of El Geneina on June 15, plotting their escape from what had become a hellscape of blown-out buildings scrawled with racist graffiti and streets strewn with corpses. The state governor had…
17 August 2023
- In the last decade, technology has disrupted countless businesses’ models and the speed of these disruptions keeps growing by the day. According to Forbes, technology has grown exponentially over the last century, and the speed at which reliable and…
17 August 2023
- The government has made changes to the entry requirements for teacher training colleges (TTCs). Earlier, students were required to have a C (Plain) grade in mathematics, English, and Kiswahili, along with a C in both a science and humanities subject…
17 August 2023
- Glovo has announced a partnership with multinational pizza restaurant chain, Domino’s Pizza, to offer consumers access to meals from the comfort of their homes. The partnership is expected to offer consumers access to a steady supply of Domino’s…
17 August 2023
- The END Fund, a leading collaborative philanthropic fund dedicated to ending neglected tropical diseases (NTDs), announced the appointment of Tsitsi Masiyiwa as Board Chair. She succeeds William (Bill) Campbell, appointed in 2012 as the inaugural…
17 August 2023
- NAIROBI, Kenya, Aug 15 – The ongoing armed conflict in Sudan, as well as the Russia-Ukraine conflict, have affected Kenya’s tea exports, stifling half-year exports amid low global prices, the Tea Board of Kenya (TBK) said Monday. Kenya exported 191,…
17 August 2023
- NAIROBI, Kenya, Aug 17 – Tourism Cabinet Secretary Peninah Malonza has proposed that hotels charge visitors per room instead of per person, as it is currently. Malonza, who was speaking during an exclusive interview with Capital FM earlier in the…
17 August 2023
- LONDON, United Kingdom, Aug 17 – British military equipment maker BAE Systems announced on Thursday that it had agreed to buy US company Ball Aerospace from the Ball Corporation for about $5.55 billion. BAE said it hoped to complete the acquisition…
17 August 2023
- •If you want to change the world, start with you first; responsibility begins with you
•In the process of crafting strategies, you make better choices when you decide that the buck stops with you
17 August 2023
- NAIROBI, Kenya, Aug 17 – Wild animal attack victims in Kitui County will be compensated a total of Sh129.8 million, Tourism, Wildlife, and Heritage Cabinet Secretary (CS) Peninah Malonza has said. Out of Sh129.8 million, which represents 129 claims,…
17 August 2023
- M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia. In preparation for launch, M-PESA has undergone a rigorous three-month…
17 August 2023
- The Ukrainian air assault forces finally have deployed their most powerful unit. The 2,000-person 82nd Air Assault Brigade, which is stacked with Marder and Stryker fighting vehicles and Challenger 2 tanks, rolled into action around Robotyne, in…
17 August 2023
- In an era where digital transformation is reshaping industries across the globe, the banking sector is no exception. When Absa Bank Kenya announced that it had waived charges on SMS and E-statements, it set a new standard for customer-centricity…
17 August 2023
- IMO council members make decisions for the world's maritime sector, and many countries have intensified their campaign for the coveted post.
17 August 2023
- NAIROBI, Kenya, Aug 17 – President William Ruto has said reforms in the international financial system will help boost investor confidence in Africa. The President said derisking Africa will foster better relations between the public and private…
17 August 2023
- PARIS, France, Aug 17 – By 2050 North Africa could become a leading exporter of green hydrogen with Europe its main market, according to a recent report projecting the future of an industry still in its infancy. So-called green hydrogen is set “to…