NEWS

Kenya’s Minimum Wage is the Highest in East Africa

Kenya is putting many thousands of shillings in the pockets of those at the bottom end of the pay scale than any of her counterparts, Uganda and Tanzania, in East Africa - it has the highest minimum wage.

Equity Group Offers Paid Internships to KCSE Top Performers

Equity Group Foundation has admitted 505 scholars, from 225 secondary schools from all 47 counties, into the 26th cohort of the Equity Leaders Program.

KCB Partners With 12,000 Schools To Plant 1.8 Million Trees

Responding to the urgent global call for environmental protection and sustainability, Kenya has made a bold move to plant an unprecedented 15 billion trees. Aimed...

Why Kenya Shilling is Strengthening Against US Dollar

The recent trend of the Kenyan shilling strengthening against the US dollar has drawn attention and sparked discussions among economists, policymakers and market participants.

Energy Efficiency: First Of Its Kind Fuel And Power Initiative In Kenya

By Dr Eng Fenwicks Musonye From the 21st to 23rd of May this year (2024), Kenya will host the International Energy Agency’s World Energy Efficiency...

Bank and Five Hotels Lined Up for Sale

The Kenya Cabinet has sanctioned privatisation of six State owned businesses in an ongoing sell-off programme that kicked off last year to reduce the government role in business.

KBL Scales Up High Tech Platform to Drive Distribution

Kenya Breweries Limited (KBL) is scaling up the rollout of a new technology platform Diageo One to enable retailers to place orders online.

CFAO Motors Maintains Market Dominance In Kenya

Local mobility solutions provider CFAO Motors Kenya's strategic initiatives, including its recent merger and business consolidation efforts, have powered the firm to a sustained...

Absa Bank, Safaricom Kick Off Plan to Create Coastal Forest 

Absa Bank Kenya, in partnership with Safaricom, has announced a joint commitment Ksh2 million towards a mangrove reafforestation project aimed at preserving coastal ecosystems in Kilifi County.

Safaricom CEO Peter Ndegwa Lands Lucrative Job

Safaricom CEO Peter Ndegwa has been inaugurated as the 2nd Chancellor of the Meru University of Science and Technology (MUST), marking the beginning of...

Taraji Africa Unveils New Brands For Its Cambridge, CBC Schools

Taraji Afrika Educational Group (TAEG) has unveiled two new brands for its Cambridge and competency-based curriculum (CBC) schools. The two brands will run under the...

KQ Inks Codeshare Deal With Air Europa

Kenya’s national carrier Kenya Airways (KQ) has signed a codeshare agreement with Air Europa, the third-largest Spanish carrier, to extend its reach in Europe...

Massive Layoffs As 9 Private Security Companies Lose Licences

The sudden cancellation of operating licenses of nine Private Security Companies puts in the line over 20,000 jobs in the sector, the Professional Security...

Safaricom Blocks Unregistered Numbers From Receiving M-Pesa

Telecommunications giant Safaricom says its M-Pesa customers will no longer be able to send money to unregistered users.

Big Win for Co-op Bank in Race for Sh10B Pensions Fund

Co-op Bank of Kenya has registered a major milestone after being picked among financial institutions that will handle the lucrative public pensions contributions.

SBM Bank Giving Out Cash to Attract More Customers

SBM Bank of Kenya has launched a three-month cash-back reward campaign for all its debit, credit and prepaid cardholders to drive card utilization and attract new customers.

Kakuzi Billionaire Builds Over Ksh360 Million Stake in Safaricom

John Kibunga Kimani, the Kenyan billionaire investor known as the largest shareholder of agricultural stocks at Kakuzi, has built stakes worth above Ksh360 million...

Co-op Bank Increases Daily ATM Withdrawal Limit

Now Co-op Bank ATM holders will withdraw up to Ksh60,000 per day, a 50% increase from Ksh40,000, which was set nine years ago.

UBA Kenya Gets First Female CEO

UBA Kenya has appointed Mary Mulili as its new CEO effective January 19, 2024, subject to regulatory approval. Ms Mulili becomes the first female CEO...

Sidian Bank Relocates Moi Avenue Branch To MKU Towers

Sidian Bank has announced its relocation from the Guilders Building to MKU Towers, effective January 29, 2024. The lender says the move signifies a step...

Shortage of Cash Causing Stress and Anxiety Among Kenyans

Majority of Kenyans are broke and struggling to survive as the harsh economic times continue to hit many households, the latest research by Infotrak Research and Consulting says.

Kenya’s High Debt to Slow Down Long Term Development

According to the Institute of Public Finance (IPF) in its latest Macro Fiscal Analytical Snapshot Report, Kenya's economy finds itself in a tight spot following years of successive borrowing.

Squabbling Firms Strike Deal on Google Cloud Services Payment

Twiga Foods and Incentro Africa on 23rd January 2024 announced a renewed and strengthened partnership, following a breakthrough in the resolution of a  historical dispute between them.

RwandAir Beats KQ in Signing IATA Safety Leadership Charter

The International Air Transport Association (IATA) announced that RwandAir has become the latest signatory in Africa to the IATA Safety Leadership Charter.

Safaricom to Collect and Manage Revenue for Kisumu County

The innovative platform will support various revenue services in Kisumu County, including parking, cess, markets, advertising, property rates and approvals, among other services to reduce queues and wait times.

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Safaricom Investment Co-operative Pays Out Sh142.4 Million

Safaricom Investment Co-operative shareholders have approved a ksh142.4 million rebate payout during the 15th Annual General Meeting.

Firms Announce Merger Deal to Expand Services

Dalberg Implement, a leader in on-the-ground program implementation with vast expertise in strategy execution, and Axum, an Afrocentric impact firm dedicated to fostering inclusive growth across the Global South, have announced a merger.

Odibets Launches Mega Water Project In Makueni

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