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Business
  • Citizen Business: Online taxi platform lowers charges to cushion Kenyans from expensive travel
    1 Dec 2020 - A new ride hailing entrant in the East African region, Catch Taxi Kenya has offered to slash down travelling costs by 30%. In the newly-launched holiday campaign dubbed Ride sawa, Kamata catch, riders will now enjoy comfort and safety within Nairobi and upcountry at affordable rates. According to…
  • Standard Business: Zoom's margins dented by booming free user base, cloud costs
    1 Dec 2020 - Shares of the company fell 5 per cent after the bell, despite upbeat fourth-quarter forecasts.
  • Kenyan Wallstreet: CMA to Review Investment Schemes Regulations
    1 Dec 2020 - The Capital Markets Authority says it is reviewing the Collective Investment Schemes regulations to strengthen the industry and make it responsive to market dynamics. The markets regulator, with the help of FSD Africa, has hired a consultant to review the Capital Markets (Collective Investment…
  • Standard Business: UK retailer Debenhams to be liquidated
    1 Dec 2020 - Debenhams trades from 124 UK stores and employs 12,000
  • Soko Directory: New Study Shows That COVID-19 Could Cause Lung Damage
    1 Dec 2020 - Researchers have discovered that COVID-19 could be causing lung abnormalities still detectable more than three months after patients are infected. A study of 10 patients aged 10 and 69 at Oxford University used a novel scanning technique to identify Lung damage not picked up by conventional scans.…
  • Standard Business: Lukoye Atwoli lands another duty
    1 Dec 2020 - Other than being Dean of the Medical College at Aga Khan University, Prof Atwoli also holds visiting and honorary positions at the Harvard
  • Standard Business: Lukoye Atwoli lands another appointment
    1 Dec 2020 - Other than being Dean of the Medical College at Aga Khan University, Prof Atwoli also holds visiting and honorary positions at the Harvard
  • Standard Business: Biden urged by 32 advocacy groups to reject Big Tech influence
    1 Dec 2020 - The letter urged that the Biden administration exclude executives, lobbyists and consultants working for or with companies.
  • Soko Directory: BIC Introduces Coloring Products For The First Time In Kenya
    1 Dec 2020 - BIC, the country’s leading stationery brand, launched a new campaign to help educate and promote social distancing for kids. The newly launched “Inspire Kids’ Creativity with BIC Kids” campaign features BIC Kids Evolution Stripes coloring pencils, a favorite among kids around the world that are…
  • Soko Directory: Kenyans To Pay More For Cooking Gas As Prices Set To Rise
    1 Dec 2020 - Kenyan households will have to brace for higher prices of liquefied petroleum gas (LPG) on increased demand for the commodity in Asia due to a potentially colder start to winter and higher heating requirements. According to Energy and Petroleum Regulatory Authority (EPRA) director-general, Pavel…
  • Soko Directory: Don’t Let Disinformation Endanger Lives, Tobacco Harm Reduction Is Real
    1 Dec 2020 - Everyone wants to reduce the approximately 30,000 annual tobacco-related deaths in Kenya; so it’s especially disappointing to see the nay-sayers undermining our best opportunity to do just that. Tobacco harm reduction products, such as e-cigarettes and tobacco-free nicotine pouches, are quickly…
  • Standard Business: I&M profit shrinks to Sh4.4 billion
    1 Dec 2020 - This is Sh1.94 billion less than the Sh6.3 billion the company registered for the same period last year.
  • Kenyan Wallstreet: Rwanda’s GDP Declines by 12.4% in Q2 2020
    1 Dec 2020 - Rwanda’s Gross Domestic Product (GDP) for Q2 2020 (between July and September) declined by 12.4% compared to the same period in 2019, occasioned by the prolonged impact of the total lockdown imposed in March for almost two months. The Agriculture sector, which contributes over 30% to GDP, dropped…
  • Standard Business: Majority shareholders support BOC Kenya acquisition
    1 Dec 2020 - Globally, BOC Holdings, Amb. Awori said, has been reorganising its business portfolio
  • Soko Directory: Demand For Data Forces Telkom Telkom To Review Costs
    1 Dec 2020 - Telkom has reviewed its ShowMax Pro mobile data deals following heightened demand witnessed during the Black Friday offer of the same. Christmas therefore will be coming early for Telkom subscribers, as the 30GB and 45GB data bundles that are inclusive of a one-month subscription to stream Showmax…
  • Soko Directory: HIV/AIDs Is Killing 57 Kenyans Daily According To NACC
    1 Dec 2020 - HIV continues to be a major global public health issue, according to the new data from the National Aids Control Council, (NACC), the country is losing at least 57 people every day to HIV and Aids-related illnesses. Even as it registered progress in the fight against the disease, a big chunk of…
  • Standard Business: Epra defends draft solar regulations after criticism
    1 Dec 2020 - The increase in the use of solar energy is seen in the growth and amount generated and fed into the national electricity grid
  • Standard Business: Court orders bank to refund Sh176m
    1 Dec 2020 - Rafiki Microfinance to pay back all the money extended to it by Youth Fund for onward lending.
  • Soko Directory: More Than 1.5 Million Kenyans Are Living With HIV
    1 Dec 2020 - Statistics from the National AIDS and STI Control Program (NASCOP) have shown that HIV infections in the country currently stand at 1.5 million, with more than 41, 000 registered in 2019 alone. According to the NASCOP, the distribution of prevalence by gender showed that of the 1.5 million…
  • Kenyan Wallstreet: November’s Inflation Rises to 5.46%
    1 Dec 2020 - Kenya’s November inflation increased to 5.46%, up from 4.84%% in October, a six-month high, last experienced in April this year (5.62%). The Consumer Price Index (CPI) increased by 1.19% from 109.60 to 110.91, month on month. Data from the Kenya National Bureau shows that the month-to-month food…
  • Standard Business: Kenya obtains two-year sugar safeguard extension
    1 Dec 2020 - Kenya had made a presentation of the sugar safeguard implementation progress through the COMESA technical committees
  • Citizen Business: November inflation shoots to 7-month high 5.5% on higher food costs
    1 Dec 2020 - Kenyans are expected to feel the pinch of greater costs with November inflation shooting to a seven-month high 5.46 per cent from 4.84 per cent in October. Food costs pressures continue to build with the month-to-month food and non-alcoholic drinks inflation rising by 1.54 per cent during the…
  • Citizen Business: Kenyan firm Techlait sets up new e-learning platform for children
    1 Dec 2020 - A Kenyan tech-company has set up a new e-learning platform for children who are still at home in the advent of the COVID-19 pandemic. Also Read: Learning to resume in 2021 but schools that already reopened to continue  Techlait Innovation (K) Limited offers lessons suitable for students in the 8.4…
  • Capital Business: BOC Kenya Bid has Support of Majority Shareholder
    1 Dec 2020 - NAIROBI, Kenya, Dec 1 – The investment consortium that has issued a notice of intention to acquire BOC Kenya Plc, the listed supplier of industrial, medical, and special gases in East Africa has confirmed that the bid has the support of the majority shareholder, BOC Holdings. Carbacid Investments…
  • Kenyan Wallstreet: Eaagads Half-Year Net Profits Expands by 121% to KSh9.2 Million
    1 Dec 2020 - Listed firm Eaagads has reported a 121% increase in net earnings in the half-year period that ended on 30th September 2020 to KSh9.2 million from a net loss of KSh43 million in the same period in 2019. The sharp growth was largely driven by a big jump in revenue which increased to KSh67 million…
  • Kenyan Wallstreet: Global Markets News Highlights
    1 Dec 2020 - S&P Global to Acquire IHS Markit for $44 billion S&P Global announced on Monday it had entered a definitive agreement to buy IHS Markit Ltd. in an all-stock deal valued at $44 billion. Under the terms of the agreement, shares of IHS Markit will be exchanged for 0.2838 shares of S&P…
  • Standard Business: NBV eyes infrastructure after listing 415m shares at bourse
    1 Dec 2020 - The firm now completes its restructuring process and the onboarding of a new investor, Delta International (FZE).
  • Soko Directory: TSC To Hire 5000 Interns Ahead Of 100% Transition To Secondary
    1 Dec 2020 - Teacher Service Commission is declaring 5,000 vacancies in secondary school to support the 100 percent transition from primary to secondary school. The teachers’ recruitment will serve on permanent and pensionable terms of service. Interested and qualified candidates should submit their…
  • Soko Directory: Kenya’s Covid-19 Caseload Continues To Rise As Schools Prepare To Resume
    1 Dec 2020 - 302 people tested positive for the virus on November 30th, from a sample size of 3,038 tested in 24 hours, bringing to 83,618 the number of confirmed positive cases in the country. Of the cases, 286 are Kenyans while 16 are foreigners. Distribution cases by Counties; Nairobi 134, Kajiado 26, Kisumu…
  • Soko Directory: Kenya Airways Resumes New York Direct Flights After 9 Months
    1 Dec 2020 - Kenya Airways has announced the resumption of direct flights to New York after missing the skies for 9 months that had been brought about by the ravaging Covid-19 pandemic. The airline delayed resuming the flights due to higher Covid-19 cases in the US. “The New York-Nairobi route is key toward…

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