Minet Kenya, an affiliate of Africa’s leading African Risk Management Group, has today reiterated its commitment to Kenyans as Minet marks its 75-year legacy of delivering risk, reinsurance, and human …
Newly appointed Agriculture Cabinet secretary Linturi Mithika has a Herculean task ahead, ensuring that some 620,000 tea farmers are allocated their share certificates, which will pave the way for a …
The 5th edition of the Changamka Shopping Festival by the Kenya Association of Manufacturers has officially kicked off at KICC. The festival, which will run from 1st-5th November brings together …
Bank of Kigali has recorded increased uptake of its mobile banking services following the launch of new digital customer onboarding and lending features. Rwanda’s biggest bank on September 30 unveiled …
Electric Vehicles Manufacturer, AI, and GreenTech Giant Agilitee have finally unveiled Africa’s first self-charging full electric car in Africa. In February 2022 the company announced that it would release this …
Superior Homes (Kenya) PLC and Kenya’s premier Islamic bank Gulf African Bank, have today signed a partnership that will enable home buyers to access flexible mortgage financing at 11.75 percent, …
Innovation is at the heart of what crypto and blockchain stand for. The internet (Web2) revolutionized the transfer of information. Blockchain (Web3) is the technology that is revolutionizing the transfer …
The Teachers Service Commission, TSC, may fail to conduct teachers’ replacement interviews this year in a bid to cut down on the cost of employing teachers. TSC may replace teachers …
Liz Truss resigned as the Prime Minister of the United Kingdom. She had only served for 44 days. She became the shortest-serving Prime Minister in UK’s history. For serving Britons …
Strategically located at Mua Hills in Machakos, Mint@Mua is a spectacular restaurant that one would love to visit to either quench their thirst or satisfy their roaring appetite. It is …
Kenya Airways pilots have issued a strike notice. Through their organization, the pilots say they have had enough of the frustrations from the current management. Kenya Airways has already acknowledged …
Following regulatory approval, the Board of Absa Bank Kenya PLC has appointed Yusuf Omari to take over as Interim Chief Executive Officer and Managing Director effective 1 November 2022, after …
Gold prices remained weak today with MCX futures edging lower to 74,652.01 shillings per 10 grams as the precious metal declined for the fifth straight day. In international markets, gold …
Better environmental, social, and governance (ESG) market frameworks helped Kenya move up six points to eighth place out of 26 in the latest Absa Financial Markets Index (AFMI). Kenya obtained …
Right from birth, kids begin to actively pick up skills and knowledge as they engage with different environments. From the social skills they learn at home to the hygiene skills …
A bank overdraft is where you exceed your bank account balance by a certain amount. It is a situation where your bank account balance runs into the “negative”. Let us …
There have been discussions about PayPal, especially when it comes to accounts run and managed by Africans. Is it true that PayPal hates Africans and their accounts? PayPal is an …
Electricity: Kenyans woke up one day and the price of electricity was up by more than 30 percent. Kenya Power and Lighting Company have never given an explanation as to …
Credit Bank is set to list at the Nairobi Securities Exchange (NSE) as announced by President William Ruto on Tuesday. “I would like to congratulate Credit Bank for starting the …
LG Electronics East Africa has announced new Business to Business (B2B) measures and innovations aimed at improving service offerings to customers and improving the operations expenditure for businesses. The measure …
Farmers have been wondering what makes Tanzanian onions popular with consumers and why they are cheaper compared to the onions locally produced. Many farmers get into onion farming because it’s …
At one point, the then Deputy President, and now President of Kenya William Ruto advised farmers to abandon the farming of maize and embrace avocado farming. Many saw the suggestion …
In the spirit of Customer Service Week, UBA Kenya Bank is rewarding customers who will be opening new accounts or transacting at their branches. This, according to the lender, is …
The South African retailer, Massmart, is exiting the Kenyan market after failing to sell its three stores in Kenya. The retailer operates Game Stores. The giant retailer has already started …
This year has seen most currencies in Africa performing dismally against the US Dollar. The Zambian Kwacha was the only currency that gained prominence against the US Dollar during the …
From October 1, 2022, Kenyans who will borrow 1,000 shillings from Fuliza will enjoy 0 interest rates for the first three days in a new announcement made by the CEOs …
The Kenya Bureau of Standards has suspended 10 brands of edible fats and cooking oil which they said are unfit for consumption. Cooking oil brands that were affected by the …
Kenya has continued to make history as far as technology and catching up with the ever-changing trends is concerned. It is because of the tech evolution in Kenya that the …
Mi Vida Homes and Gulf African Bank have entered into a partnership that targets homeowners who are seeking to take advantage of the lender’s prevailing low mortgage rate of 11.75% …
In his inauguration speech, President William Ruto announced that his government will be setting up the Ministry of Cooperatives and SMEs. In the whole speech, this perhaps was one of …
The non-profit international development organization TechnoServe has today officially launched a program that aims to widen the variety of fortified foods, ensuring Kenyan consumers continue to have access to nutritious …
Food fortification is a subject that is rarely given the weight it deserves among Kenyan households despite the fact that it plays a major role in the general well-being of …
From piggybanks as children and investments as adults, we all grew up with an idea of the value of money and that there is no such thing as free lunch. …
LG Electronics has lined up amazing discounts for Kenyan customers intending to buy refrigerators, washing machines, and televisions. According to LG, the new discounts are for Kenyan customers who intend …
The Board of Absa Bank Kenya PLC today announces that after nearly 10 years of outstanding leadership, service, and contribution, Jeremy Awori has decided to pursue a career opportunity outside …
Hudson Sandler, independent strategic communications and ESG consultancy, has appointed Michelle Anekeya as Partner, Head of East Africa. The appointment reflects Hudson Sandler’s continued growth in Africa driven by the Kenyan …
Uber has announced its expansion into four new cities in Kenya; Eldoret, Nakuru, Naivasha, and Kisumu. This makes Uber available in eight cities across East Africa, which means more drivers …
WhatsApp is the most popular messaging application in Africa. Stats show that there are over 100 million WhatsApp users on the continent making it one of the greatest communication tools …
During the month, the Kenya Shilling depreciated by 1.0 percent against the US Dollar, to close the month at 120.0 shillings, from 118.8 shillings recorded at the end of August …
As the demand for powerful and fuel-efficient vehicles continues to grow, CFAO Motors Kenya, the distributor of Toyota vehicles and genuine spare parts, has launched the all-new Toyota Starlet 2022, …
Listed Agribusiness firm Kakuzi Plc has confirmed that its inaugural Hass Avocado export cargo to China has been sold-out in the quality-conscious market. According to Kakuzi PLC Managing Director …
BK Group Plc has reported a 24.5 percent growth in net profit to KES3.3 billion for the half year ended June 30 2022, boosted by improved interest income from customer …
Financial services firm, Britam Holdings Plc, has today posted a profit before tax of Kshs. 1.04 billion for the half-year period ending June 30, 2022. This is a significant improvement …
Old Mutual Holdings PLC has posted a loss before tax of KES 375 million in the first six months of 2022 compared to a profit before tax of KES 552 …
Family Bank Group has posted a 2.3 billion shillings Profit Before Tax in the first six months of 2022. This is a remarkable 37.4 percent increase in Profit before tax …
The local avocado growers and exporters may soon enjoy further market diversification opportunities’ in Malaysia as part of ongoing trade facilitation efforts by the Kenya Plant Health inspectorate Service (KEPHIS). …
The Co-operative Bank of Kenya made 11.5 billion shillings in half-year profits to June, a 55.4 percent growth pegged on customer lending and payment charges. At the same time last …
Fahari Aviation, a subsidiary of Kenya Airways PLC has signed a service agreement with Kipkebe Ltd, which is a subsidiary of Sasini PLC, to offer precision agricultural services. Fahari Aviation …
KCB Group PLC reported net earnings of KShs.19.6 billion for the six months ending June 30, 2022, a 28.4% rise from last year. The growth from KShs.15.3 billion was driven …
The government now has about 504 billion shillings in terms of pending bills. This is cash owed to supplies by ministries, county governments, and government parastatals. County governments and universities …
Bank of Kigali has booked KES926 million (Rwf8.1 billion, ($7.9 million) new customer deposits from Rwandans in diaspora within four months. The cash deposits were collected from existing and new …
There have been concerns about the availability of the 100-shilling subsidized unga with Kenyans saying that the unga disappeared from the shelves immediately after the announcement was made. There have …
The Board of Britam Holdings Plc is pleased to announce the appointment of Mr. Tom Gitogo as the Group Managing Director and Chief Executive Officer effective 1st September 2022, subject …
Mi Vida Homes today announced the successful completion of Mi Vida at Garden City, a mid-market housing development that is its first in a planned KES 12 billion investment roll-out …
East African Breweries PLC (EABL) has reported 109.4 billion shillings in net sales for the full year ended 30 June 2022, representing a 27 percent growth compared to the same …
Absa Bank Kenya has announced that it will invest more than 2 billion shillings this year in technological upgrades that significantly improve customers’ banking experiences. Part of this investment has …
Centum Investment Company Plc shareholders are set for a 391 million shillings dividend payout, marking a 77 percent increase in dividend payout compared to the KES219 million paid in the …
Centum real estate reported 650 million shillings consolidated operating profit for the year ended 31st March 2022, driven by earnings from homes sales and development rights business line. Home sales …
The Kenyan economy thrives on the wheels of Small and Medium Enterprises (SMEs). The sector employs about 86 percent of the population and contributes about 45.5 percent to the country’s …
Bustanica has opened the doors to the world’s largest hydroponic farm, backed by an investment of US$40m. The facility is the first vertical farm for Emirates Crop One, the joint …
While climate change may have taken a back seat in a news cycle dominated by COVID-19, war, and the cost-of-living crisis, the risks, and threats associated with our warming planet …
The United Nations has called upon developing nations to restrict advertisements related to cryptocurrency warning of risks associated with the industry. In a document dubbed “all that glitters is not …
Kenya Power and Lighting Company (KPLC) is working on systems that will see customers sharing power tokens the way they do with Bonga Points. This will see customers when moving …
For many new and seasoned cryptocurrency investors, it is important to note that the ecosystem is characterized by bulls and bears – trending upwards or downwards depending on several market …
Autochek has announced the acquisition of CoinAfrique, the leading platform for classified ads in French-speaking Africa, to accelerate the penetration of its auto financing services in Senegal, Côte d’Ivoire, and …
Old Mutual Investment Group (OMIG Kenya), has launched an enhanced private wealth management service for High-Net-Worth individuals, Trusts, families, and companies seeking a tailormade and highly personalized investment service. Available …
In the Nairobi Metropolitan Area (NMA), the residential sector registered improved performance with average total returns coming in at 5.8 percent, 0.3 percentage points increase from 5.5 percent recorded in …
Blackouts are one of the most unpredictable things in Kenya. Now there is light, the next minute there is none with no explanation whatsoever. Nothing frustrates someone when power disappears …
Kasha, the purpose-driven digital retail and distribution platform has joined Jaza Duka, Mastercard’s micro-credit digital lending platform in Africa. The program, launched in partnership with Unilever and KCB Bank Kenya …
Emirates has been recognized for its outstanding ground transport services with awards in multiple categories, at the recent RoSPA awards, held for the first time in Dubai. The only airline …
Owning a car is always a dream of every ordinary Kenyan. Having a car in Kenya is still viewed as a symbol of status and many often strive to own …
Equity Bank has been feted as the Best Bank in Kenya in 2022 Think Business Banking Awards for the 11th consecutive year, reinforcing the Bank’s position as a market leader …
Kenya is among the top 3 countries in Africa to which WorldRemit users globally send money. In data shared with newsrooms globally to mark International Day of Family Remittances, the …
Standard Chartered Bank of Kenya aims to raise ten percent (10%) of its revenue being generated from sustainable sources pegged on the bank’s sustainable economic growth perspective which has two …
Zamara has been feted as the overall Best Insurance Broker of the year, during the 2022 Think Business’ Insurance Awards held on 10th June 2022 at Serena Hotel, Nairobi. The firm …
Regional low-cost airline Jambojet and Pan-African payments company Cellulant have partnered to award customers with over 600 discount vouchers, each worth Kes 3,000. The vouchers will be available to all …
The Board of National Bank of Kenya (NBK) has appointed Peter Kioko as the acting Managing Director for the Bank, effective June 10, 2022. The position became vacant following the …
Safaricom customers will no longer receive their M-Pesa statements via email starting July 1, 2022, according to the new changes by the giant Telco. According to Safaricom, customers will only …
When did the price of tissue paper hit more than 500 shillings in Kenya? People would have imagined anything else doubling in price but not tissue paper. Across various supermarkets, …
For many new and seasoned cryptocurrency investors, it is important to note that the ecosystem is characterized by bulls and bears – trending upwards or downwards depending on several market …
Teachers Service Commission (TSC) is currently implementing the first phase of the 2021-2025 Collective Bargaining Assessment CBA. This Collective Bargaining Agreement that kicked off in July 2021 is a non-monetary …
Pwani Oil, the Freshfri, Salit, and Fry Mate cooking oils manufacturer have shut down operations due to an acute shortage of raw materials occasioned by the limited access to the …
The 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, in Accra, Ghana. The event was held under the High Patronage of the African …
In early March, The Ascott Limited, one of the leading international lodging owner-operators, debuted its first investment in the East African region with the opening of Somerset Westview Nairobi – …
Bank of Kigali Group has reported a 39.28 percent growth in net profit to 1.8 billion shillings, driven by an increase in lending and transactions income as well as efficiency …
Fresh Produce Consortium Kenya, the leading organization committed to promoting the production and supply of high-quality fresh horticultural produce in Kenya, has created an avocado and banana digital communication and …
The Co-operative Bank of Kenya virtually held its 14th Annual General Meeting. This is the third time the meeting has been held virtually following amendments to the law governing annual …
Co-op Bank Group is pleased to report a Profit Before Tax of 7.78 billion shillings for the first quarter of 2022, a commendable 56 percent growth compared to 4.98 Billion …
Absa Bank Kenya PLC has today reported a Profit after Tax of 3 billion shillings for the quarter ending 31 March 2022, a growth of 22 percent compared to a …
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, Morocco’s leading automotive technology startup, to drive its expansion …
CCI Global, the largest international contact center operator in Africa, has announced that it is opening a new purpose-built, state-of-the-art office in Tatu City that will create more than 4,000 …
HassConsult has unveiled the Hass Land price indices for the first quarter of 2022, prices in the towns rose by 2.17 percent while Nairobi prices remained static at 0.11 percent. …
LG Electronics Inc. today announced first-quarter 2022 consolidated sales of 2.03 trillion shillings the highest quarterly revenue in company history. The operating profit of 180.54 billion shillings was positively impacted …
CFAO Motors Kenya, exclusive dealers of Toyota models in Kenya, has committed Kshs. 30 million shillings towards the success of the iconic WRC Safari Rally Kenya 2022, set to be …
We all buy electronics with the hope that they will work just fine. Nobody buys electronics with anticipation of them failing to work as soon as they are installed. But …
The Ascott Limited (Ascott) is forging ahead with its tenacious Africa expansion plans, announcing its first foray into the East African region with the opening of Somerset Westview Nairobi – …
Absa Life Assurance Kenya (Absa Life), a subsidiary of Absa Group Limited, has recorded an 84 percent growth in profit after tax to 245 million shillings for the period ended …
Good intentions can be tough to translate into practical action but that’s what the commercial property sector must do to meet the Global carbon Net Zero targets. The building sector …
Kenyans should expect another acute fuel shortage that might be worse than the one that last for three weeks. The unfortunate news comes even before the complete restoration normal flow …
E-commerce has taken shape in Kenya. Virtually everyone who sells products and services has adopted the use of e-commerce platforms. The use of e-commerce platforms in Kenya peaked at the …
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