14 November 2022
- Africa’s Energy Week held in Cape Town, South Africa, brought together various leaders to discuss the issue of energy poverty and the transition to renewable energy in the continent. According to Verner Ayukegba, Senior Vice President of the…
14 November 2022
- BANGKOK, Thailand, Nov 14 – A Thai former district police chief jailed for torturing a suspect to death will have undeclared assets worth $37 million seized after being found to be “unusually wealthy”, authorities said Monday. Thitisan Utthanaphon…
14 November 2022
- NAIROBI, Kenya, Nov 14 – Kenyan tour company Twiga Tours has been named the World’s leading tour company by the World Travel Award (WTA) in Muscat, Oman. It beat tough competition from local, regional and international players to win the most…
14 November 2022
- CBK has announced that commercial banks and microfinance banks will give 4.2 million mobile borrowers at least 50pc discount on defaulted loans.
14 November 2022
- Huawei Technologies today announced a partnership with the Africa Telecommunications Union to raise the tempo of transferring services to the digital sphere over the next eight years. Kenya was among the member countries attending the AfricaCom…
14 November 2022
- NAIROBI, Kenya, Nov 14 – National Treasury Principal Secretary nominee Chris Kiptoo says that cuts on government expenditure will enable government reduce the budget deficit which currently amounts to Sh1 trillion. Kiptoo who has previously served…
14 November 2022
- Featuring a predominantly young cast, including some who have never been seen on screen before, Pepeta stars Brahim Ouma (Famous) in his first-ever lead role as Junior. The cast also includes Malik Lemuel, who makes a major comeback after…
14 November 2022
- Safaricom Ethiopia Service Revenue for the period ended 30th September 2022 was Ksh9.1 million while Total Revenue including handsets sales was Ksh98.3 million.
14 November 2022
- Huawei Technologies has set its targets on sea and inland ports with a new system designed to enhance its operational efficiency. Known as an Intelligent Horizontal Transport System for ports and harbors, the technology has been achieved by the…
14 November 2022
- TOPLINE The Royal Bahamas Police Force is investigating Sam Bankman-Fried’s now-bankrupt cryptocurrency exchange FTX for possible criminal misconduct, the department said in a statement Sunday, marking the latest development in the crypto giant’s…
14 November 2022
- Tea prices at the weekly Mombasa auction fell marginally in this week’s sale marking the first time in the last 10 weeks that the price of the beverage has declined even though it managed to stay above the government-set minimum price. Data from…
14 November 2022
- The Central Bank of Kenya (CBK) on Monday announced the rollout of a Credit Repair Framework by commercial banks, microfinance banks, and mortgage finance companies. According to CBK, the Framework seeks to improve the credit standing of mobile…
14 November 2022
- An ambulance speeds down the highway to take a critically ill patient to the hospital. Employees in a crowded retail store help shoppers find just the right gift. An airplane cruises at more than 800 km per hour and higher than 9000 meters in the…
14 November 2022
- NAIROBI, Kenya, Nov 14 – Tea prices dipped slightly at last week’s Mombasa auction amid irregular demand for the commodity. At this week’s auction, a kilo averaged USD2.44(Sh 297.07) down from USD2.46(Sh299.50) in the previous week. This is the…
14 November 2022
- NAIROBI, Kenya, Nov 14 – Centum Real Estate Limited has posted a Sh43.1 million gross profit in six-months ending September 30 2022, boosted by sales of residential units. In its latest unaudited interim financial results, the investment company…
14 November 2022
- Giant mobile maker HMD Global has unveiled Nokia C31, in Kenya making it the latest smartphone to be launched in Kenya under the C-series. The Nokia C31 features signature durability, an improved 6.7” HD display, and a long-lasting three-day…
14 November 2022
- NAIROBI, Kenya, Nov 14 – Financial institutions will provide a discount of at least 50 per cent, approximately Sh15billion, of non-performing digital loans outstanding as at the end of October in a bid to improve the credit standing of borrowers.…
14 November 2022
- E-mobility company, Mayleen Corporation is targeting corporates with a scooters and motorbikes leasing deal as the race to cut fossil fuels-driven transportation gathers momentum.
14 November 2022
- The government has an ambitious plan to set up 25,000 public Wi-Fi hotspots across the country as part of its digital transformation agenda.
14 November 2022
- NAIROBI, Kenya, Nov 14 – Pan-African housing financier Shelter Afrique has approved a Sh1.6 billion loan to a Lagos-based real estate firm for three housing projects. The 5-year facility with a moratorium of 24 months will fund Mixta Real Estate…
14 November 2022
- A schedule by Treasury Cabinet Secretary Njuguna Ndung’u showed that 100 percent of the remaining balances on foreign travel, training, and motor vehicle and furniture purchase budgets as of...
14 November 2022
- HONG KONG, China, Nov 14 – Cathay Pacific said Monday it does not expect to return to pre-pandemic levels of travel until the end of 2024, highlighting how long the Hong Kong airline’s return to normality could take. Hong Kong imposed some of the…
14 November 2022
- The use of Treasury bonds and bills as security has had minimal success, mainly due to the fact that the ownership of the assets remains with the borrower.
14 November 2022
- "I am very happy that between four to five million Kenyans will be out of CRB blacklist by the beginning of November," President William Ruto had promised at a forum with bank and mobile money executives in September.
14 November 2022
- These transactions accounted for a fifth of the total value of M-Pesa deals of Sh18.09 trillion in the review period, Safaricom said on Friday when releasing its half year results.
14 November 2022
- Parliament's Budget Office warns new strategy to turn to multilateral lenders could derail urgent State projects. This is because while such loans are cheaper, they take time to negotiate and seal.
14 November 2022
- The Competition Authority of Kenya’s warning to retailers to play clean in pricing is timely, coming as customers head towards the Christmas shopping season.
14 November 2022
- The Treasury has finally published regulations for the Hustler Fund, setting the stage for the rollout of what is expected to be one of the new administration’s flagship programmes.
14 November 2022
- As COP 27 takes place in Sharm-el-Sheikh to discuss implementation of the Paris Agreement, Japan will work in full force to tackle climate change, mobilising its funding and technology to achieve...
14 November 2022
- The new Cabinet Secretary in charge of Public Service recently promised to review the pay of civil servants in the country, pointing out that the last such review was many years ago.
14 November 2022
- DTB is set to take a $100 million (Sh12.2 billion) short-term loan from the International Finance Corporation (IFC) for onward lending to small and medium-sized enterprises.
14 November 2022
- Absa Bank Kenya has moved to court to block attempts by the police to take over 17 of the 44 vehicles that were seized from collapsed Italian firm CM Di Ravenna about three years ago.
14 November 2022
- Ms Gathungu says out of the 139 staff hired at the Kerio Valley Development Authority (KVDA) 68 percent, or 88, are from the dominant ethnic community in the region.
14 November 2022
- The National Treasury says enterprises owned by the disabled, youth and women received Sh472.2 million or 20.1 percent of the total disbursements through the Credit Guarantee Scheme (CGS).
14 November 2022
- Three Kenyan startups are among 20 enterprises from Africa that will share the $2 million (Sh244 million) grant announced at the climate conference in Egypt.
14 November 2022
- The Central Bank of Kenya (CBK) has asked lenders to consider other metrics in addition to a borrower’s credit score to offer appropriately priced credit.
14 November 2022
- Ruto issued a directive to the National Treasury that any borrowing should not exceed a 10 per cent interest rate. Interfering with the free flow of capital will spell doom to the economy