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BUSINESS

This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

Avoiding M-Pesa Charges, Kenyans Exploit CBK Directive to Enjoy Free Transfers,...

As the zero-rated transaction period lapsed on January 1, Safaricom cut low value M-Pesa transaction fees by up to 45 per cent in line with a deal agreed with the Central Bank of Kenya (CBK). Withdrawal fees remained in place.

Bolt Introduces Eco-friendly Rides With New ‘Green’ Option

The category will have hybrid and electric cars to reduce emissions during trips taken on the Bolt platform thus offering greener transport options. It will attract similar rates as the Bolt Base category, with a minimum fare of Ksh300.

Google’s Ksh2.7 Billion Plan to Empower African Women

Each organisation selected will receive capacity building support and mentoring from Googlers. The enterprises will be vetted by an all-female panel of expert Google executives, world leaders, researchers, educators, business leaders, entrepreneurs, activists and more who will preside over the application review and selection process.

New Journalism Awards Celebrate Digital Shift Threatening Big Boys’ Revenues

During the pandemic, Nation Media Group saw a reduced number of newspaper circulations. Shortly after, the news conglomerate imparted changes to its brand and interface. The rebrand to Nation Africa applied to mainstream and digital media, however, the latter has been taken to account more.

Wealth Tax: Govt Plans Surprise for Kenya’s Super-Rich & High-Income Earners

The move notably comes amid a global conversation on imposing higher taxes on the rich - with a growing movement piling pressure on their governments to do so as a way of taming inequality and channeling resources to neglected and impoverished communities.

KBL Launches Premium Flavoured Gin For The High-End Market

Tanqueray Flor de Sevilla is a premium gin for the consumers that appreciate authenticity, sophistication, and the enduring quality and style of gin from the House of Tanqueray.

KEBS Unveils New Biashara Centre for MSMEs

The new center will provide essential business and trade services such as registration of tax compliance, loans, registration of branding, training of MSMEs on production, certification of products, accreditation of systems, promoting, regulating, and developing MSMEs under one roof.

Homeboyz Issues Profit Warning 3 Months After NSE Listing

The firm which has interests in events, audio-visual production, sports and youth marketing saw its event division, in particular, take a hit during the pandemic as the entertainment and events sector was affected by restrictions on gatherings and the curfew.

IBM Cloud Satellite Makes Services Available for Any Environment

As workloads shift to the edge, IBM Cloud Satellite will help clients deliver low latency, while still enabling them to have the same levels of security, data privacy, interoperability and open standards found in hybrid cloud environments. 

6,000 Nairobi Bars, Restaurants to Receive Covid-19 Safety Training

The training program is part of Diageo's Ksh.11 billion ($100 million) global fund to support bars and pubs bounce back after months of disruption. The training offers requisite skills, equipped with practical equipment to meet COVID-19 safety protocols and psychosocial support during their work.