If banks are to adequately compete and address the challenge posed by the growing influence of fintechs in their space, they will need to modernize their systems to exceed the …
What are you planning to shop for this Easter? For many people around the world, Easter time is shopping time. In Kenya, it is time that many businesses put before …
According to a report released by Cytonn Investments, the best money market funds in Kenya based on data captured as of April 14, 2022, are: Cytonn Money Market Fund Zimele …
A business process is a logical sequence of actions performed by one or more members of a team to achieve a specific objective. It is characterized by the following characteristics: …
DStv Business has improved customer experience with the introduction of additional avenues through, which customers can get assistance whenever they need it. The DStv Business call center operates daily from …
EFG Hermes has successfully completed an advisory on Dubai Electricity and Water Authority’s (DEWA) USD 6.1 bn initial public offerings (IPO) on the Dubai Financial Market (DFM) – the largest …
Fuel prices in Kenya have hit an all-time high as marketers continue to hold onto the precious commodity protesting market regulation by the government. It has emerged that marketers are …
Sarova Hotels & Resorts, Kenya’s largest indigenous collection of hospitality establishments, has announced the addition of its eighth hotel in Kenya, Imperial Hotel Kisumu, to the group’s portfolio after the …
The Easter holiday is coming up fast. Kenyans are looking forward to it for three obvious reasons; those who work will have a long weekend, running from Friday to Monday; …
It’s not uncommon to spot Kenyans in second-hand clothing, popularly known as mitumba wear, often accessed from street vendors and informal stores. Second-hand clothing remains the dominant source of clothing …
Motor vehicle distributor, CFAO Motors Kenya has officially started the construction of its premises in Kisumu County that will host the CFAO Motors Kenya Kisumu branch. The ground-breaking of the …
Teachers Service Commission (TSC) has been allocated 2.5 billion shillings for the recruitment of teachers in Kenya. This was revealed by CS Ukur Yatani while reading the proposals of 2022-2023 …
The 2022 LinkedIn Top Companies list in Kenya is the first annual ranking of the 25 best workplaces for talent to grow their careers.
Regional low-cost airline Jambojet has launched a three-tier level loyalty program for its customers to show appreciation to their customers, some of who fly up to 100 times a year. …
Kenya has been hit by one of the worst fuel shortages in history. Kenyans have been angry about it and so many things have been said. What has come out …
There is an acute fuel shortage in Kenya. But the government is downplaying the situation. For more than a week now, motorists around the country have been suffering as the …
UNNECESSARY excise hikes in the upcoming Budget would threaten Kenya’s economic recovery from the COVID-19 pandemic, Stop Crime Kenya (StoCK) warns today. “With Kenyans already struggling to cope with the …
Superbrands East Africa celebrated 40 of the region’s top brands at a Tribute Awards Ceremony held on Thursday 31st March 2022 at the Trademark Hotel in Nairobi, Kenya. The evening …
The Bank of Kigali Group Plc has reported a 35 percent increase in net profit to KSh5.8 billion (US$ 51.2 million) for the year ended December 2021, driven by a …
I&M Group PLC has delivered consistent growth in its 2021 financial results have reported a 3 percent growth in Profit after tax to 8.6 billion shillings compared to 8.4 billion …
Mobile money adoption and use saw continued growth in 2021, processing a record $1 trillion annually according to the report ‘State of the Industry Report on Mobile Money’ by GSMA. The …
Family Bank Group has recorded a 3.3 billion shillings Profit Before Tax for the year ended 31 December 2021, marking a 131.6% growth in earnings. The Group’s total assets grew …
Kenya Airways has continued flying into massive losses. For the year ended December 2021, the once Kenya’s vibrant airline registered 15.8 billion shillings in net losses. This was, however, a …
Absa Group today announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. The appointment follows a thorough recruitment and selection process completed by the Board. Arrie, …
CFAO Motors Kenya has introduced the B2C model Belta which offers ‘’feel-good vibes’ ’retailing at 2.83million shillings, and Rumion which promises a “larger than life’’ experience retailing at 2.85million shillings …
As of March 2022, Cytonn Money Market Fund was the top money market fund in Kenya with an effective annual rate of 10.6 percent followed by Zimele Money Market Fund …
Natbank Trustee and Investment Services Limited (Natbank), a wholly-owned subsidiary of the National Bank of Kenya Limited, has announced a profit after tax of 23.47 million shillings during the 12 …
After three years of successful operation in Kenya, Microsoft’s premier engineering hub, the African Development Centre (ADC), is relocating to its own offices in Nairobi, demonstrating the company’s commitment to …
Rwanda has officially legalized marijuana and dedicated 134 hectares for the same. The government says the production of the plant will be for medicinal purposes. The plant with its products …
Equity Bank’s Profit After Tax increased by 99 percent to 40.1 billion shillings from 20.1 billion shillings with Profit Before Tax recording a growth of 134 percent to 51.9 billion …
Total revenue collected as of the end of February 2022 amounted to 1,192.8 billion shillings, equivalent to 67.2 percent of the original estimates of 1,775.6 billion shillings and is 100.8 …
The Kenyan shilling has dropped to its lowest in history after shedding off 0.2 percent against the US Dollar last week, ending the week at 114.4 shillings from 114.2 shillings …
Mzizi Court apartments are within the 102-acre Two Rivers development that is located minutes drive from key diplomatic missions and corporates.
The Co-operative Bank of Kenya has reported a Profit Before Tax of 22.6 Billion shillings for the full year 2021, a strong 59 percent growth compared to 14.3 Billion shillings …
There is an acute shortage of eggs in Kenya. This has pushed the price of eggs to go up by more than 25%, making it the highest jump in history. …
CIC Insurance Group Plc Profit Before Tax hit 960 million shillings for the year 2021 compared to a loss before tax of 80 million shillings recorded in 2020. The Group’s …
KCB Group Plc recorded a historic 74 percent rise in profit after tax for the full year ending December 2021, riding on an economic recovery across markets. Net profit grew …
All digital lenders operating in Kenya have six months to get new licenses or they will be shut down according to a statement from the Central Bank of Kenya (CBK). …
Toyota Kenya Limited has changed its name change to CFAO Motors Kenya Limited effective February 2022, a move that will enhance its value proposition in the automotive market. In 2016, …
The Energy Petroleum and Regulatory Authority (EPRA) announced the new fuel prices expected to be in place for the next one month. In the new prices, the cost of Super …
Blue Band has been in East Africa since the 1950s and is even older than in countries like Kenya. Trusted by generations of families, many grew up with Blue Band …
Jikokoa uses 50 percent less fuel, has no smoke, has more heat meaning it cooks fast and helps you save money.
Have you ever gone to a Kenyan supermarket and the person ahead of you is making their payment for the goods using M-Pesa? How long did it take? Did you …
Banks in Russia will soon start issuing their customers with China’s UnionPay after MasterCard and Visa ceased operations in the country as the war with Ukraine rages on. The companies …
The Co-operative Bank of Kenya has announced the dropping of all mobile transfer charges and reversed all the money related to the charge to their customers. The bank says the …
There is a reason why Nairobi is called Kanairo. It simply means that when you are in Nairobi, you have to live and think like a Nairobian. Not every food in Nairobi is …
We all love a taste of good life. This taste of good life sometimes includes us visiting some restaurants and hotels to have a taste of “first-class food.” But sometimes …
South Africa, Kenya, Nigeria, and Ghana are home to growing populations of bitcoin users on the continent than any other country.
Renting one acre of land in Kenya is between 10,000 and 12 thousand shillings from 3,500 shillings.
A 2-kilogram sugar is now retailing at 285 shillings from 210 shillings. There is no explanation behind this instant surge in the prices of sugar.
Scientists in China have developed salt-tolerant rice that can be planted in salty seas and oceans. This is the first discovery since China started experiments in the 1950s. The discovery …
“Tax law must be validly enacted and enforced. Failure to do so creates illegality. Where tax laws are prescriptive, there is no room for intendment or inference
One is not allowed to send more than 50,000 shillings to an unregistered user. Although, one can do so in bits of 25,000 shillings per transaction.
What would you imagine your username and password are worth to a hacker? According to Microsoft’s latest threat and data research, the average price for 1,000 stolen username password pairs …
The “Sick Enterprise” in Kenya is very lucrative and people who realized this are making a killing with huge returns.
The Central Bank of Kenya (CBK) has invited Kenyans to give their views on the planned rollout of a digital shilling in May. The CBK, which has maintained that it …
The maximum number of Bitcoins that can be mined is 21 million. Limitation is the chief characteristic of bitcoin.
Egypt was one of the wealthiest African countries by total GDP for 2021. The country had the second-highest GDP in Africa at $394 billion.
Every permit and license needs money. In most cases, before even getting the same permit or license, one has to part with some cash in form of a bribe.
Invest what you can lose: Investing in online forex is like betting. You are literally gambling with your money. Do not take all your money and put it in there.
In the year to June 2021, the use of peer-to-peer cryptocurrency in Nigeria increased by 57 percent while users increase by around 87 percent.
Gigiri has the most expensive properties with the average housing commanding an average of 122 million shillings price tag.
A Blockchain is a decentralized system which means that it is not controlled by a single organization.
Food inflation declined to 9.1 percent in December from 9.9 percent in November, reflecting the impact of improved rainfall
Since the start of October, COVID-19 deaths have averaged about 7,000 a day worldwide, down from about 10,000 in late August
Kenyan banks will face political risks that could affect the macro macro-environment, loan growth, asset quality, transactional activities, among others.
Absa now joins other organizations such as BAT, Boehringer Ingelheim, DHL Express, DHL Global Forwarding, Infosys, and JTI that have been certified as top global employers for 2022.
20 percent of Kenyans in other countries use M-Pesa while sending cash back home. 16 percent use banks while 14 percent use WorldRemit.
Mco-opCash mobile wallet has registered 5.3 million users and disbursed 51.3 billion shillings in loans.
Kenya National Bureau of Statistics says at least 450,000 SMEs die annually in Kenya.
Kenya’s gig economy falls within the Jua Kali sector that employs about 86 percent of Kenyans and contributes about 45 percent to the GDP.
QuickMart Supermarket has opened a 24-hour outlet in Westlands, Nairobi. The supermarket now has 46 stores, 12 of which operate 24 hours in Lavington, Chaka, OTC, Embakasi, Tom Mboya, and …
Kenyans sent home 3,718 million dollars in 2021 according to the new data by the Central Bank of Kenya. The United States of America was the biggest source, accounting for …
The Energy Petroleum and Regulatory Authority (EPRA) has maintained the prices of fuel as they were last month for the next 30 days. This is aimed at cushioning Kenyans against …
Ian Fernandes, former Chief Executive Officer (CEO) of Mediamax Networks, MD of Nation Broadcasting and Digital, and MD of KTN has been appointed to the Board of Engage BCW, a …
Overselling of loans is to blame for Kenya’s poor savings culture, as the country’s savings ratio is still lagging behind its peers at 12 percent. Maisha Microfinance Chief Executive Ireneus …
Kenya’s number one energy-saving Jiko maker, BURN Manufacturing, has launched a brand-new packaging for its iconic Jikokoa brand, cementing its presence in Kenya and beyond. In a new packaging, Burn …
Agriculture Sector Network Chairman and Elgon Kenya Managing Director Bimal Kantaria has been awarded the Productive Business Civility Award by US-based iChange Nations Organization in recognition of his role, investment, …
Family Bank has today received formal approval from the Capital Markets Authority to raise up to 8 billion shillings in tranches through a multi-currency Medium Term Note (MTN) by way …
Global technology brand, OPPO today announced that the OPPO Reno5 has been selected as the official smartphone partner for the PUBG MOBILE Middle East and Africa Esports 2021. The OPPO …
Accountants and finance professional experts say economic confidence in 2020 Q4 has stalled and remains fragile heading into 2021, finds the latest ACCA and IMA Global Economic Conditions Survey (GECS). …
Land in Kiambu County witnessed extensive price drops over 2020 as Kiambu Town, Ruiru and Limuru witnessed the biggest annual drops of 11.4, 6, and 3 percent respectively after years …
As the Covid-19 pandemic was wreaking havoc in 2020, LG Electronics sailed through, getting a revenue of 6.2 trillion shillings and an operating profit of 313 billion shillings, an increase …
Superior Homes Kenya PLC, the developers of the iconic Greenpark estate, is set to build a retail frontage commercial center to be built at a cost of Ksh 350 million. …
Suzuki at Toyota Kenya has rolled out great discounts on four Suzuki models to enable Kenyans to “ride home for Christmas in style” as they visit family and friends. This …
Motor distributor Toyota Kenya has launched the Corolla Cross in the Kenyan market, a Corolla series crossover from the traditional sedan to a new compact SUV, which will start retailing …
According to the stats released by the Kenya National Bureau of Statistics (KNBS) in September, Kenya’s unemployment rate grew two times between the month of April and that of June …
CNN International Commercial (CNNIC) and Hyundai Motor Company (Hyundai) are partnering on a cross-platform campaign that explores how innovation will change the way we will live in the future. In …
Probably you might have heard a lot about the new OPPO Reno4 already. How is the much-hyped phone? Is it worth the hype? Is it worth considering to add to …
A senior executive at LG Electronics communicated the company’s intention to expand the company’s presence in the Middle East and Africa HVAC industry. At a virtual conference yesterday, the head …
Salon and wellness services online booking platform, Saspacity, has rolled out its services in Kenya as it targets to tap into the country’s billion shillings beauty industry. The platform, which …
The Global Panel on Agriculture and Food Systems for Nutrition is today announcing the launch of its new report, Future Food Systems: For people, our planet, and prosperity. The report, …
Absa Bank Kenya PLC has been recognized as the first bank in Kenya to join the Kenya Green Building Society (KGBS) as a champion for initiatives that promote the green …
Standard Chartered Bank has today announced the launch of co-branded SCB and Liverpool FC debit cards for their clients. The co-branded card is a first in Africa and will be …
Paint manufacturer Crown Paints Kenya has invested Ksh 10 million in two new showrooms in Mombasa County as part of its strategy to create jobs for locals as it continues …
In December 2019, KenTrade commenced upgrading the Single Window System (Kenya TradeNet System) to enhance system productivity, avoid technological obsolescence, and improve user experience. The current system has been operational …
Standard Chartered Bank has been named as the best consumer digital bank in Kenya by Global Finance Awards. The bank also emerged Best Integrated Consumer Bank Site, Best Online Product …
Kenya’s President Uhuru Kenyatta has underscored the importance of the housing and construction sector in the post Covid -19 recovery plans. In a Speech read on his behalf by the …
Burn Manufacturing has rolled out an offer that will see Kenyans pay 1,000 shillings less for the iconic Jikokoa that has been revolutionizing cooking and heating in Kenya. Initially, the …
Safaricom (NSE: SCOM) has announced Elizabeth Mbugua as the overall winner of the just concluded mobile gaming competition dubbed the MobiPlay Challenge. The 8-week challenge saw over 70,000 mobile gamers from across …
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