BY JOAN WANJIKU,NAIROBI,28TH SEPT,2022-OVER 4 million Fuliza defaulters will be removed from the Credit Reference Bureau (CRB) and other blacklists from November this year, the
Category: Business
Leading Cooking Oil Brands Still In Retail Market Despite KEBS Recall
BY KORIR JUMA,NAIROBI,23RD,SEPT,2022-The latest directive by the Kenya Bureau of Standards (KEBS) recalling ten cooking oil brands from the retail market has left questions unanswered
High court upholds use of Agency notices as a collection mechanism for betting tax .
BY KORIR JUMA,NAIROBI,19TH AUG 2022-KRA is set to continue enforcement of collection of winnings or betting tax by way of Agency Notices, as they are
Change of guard as John Ngumi takes over as Safaricom Board Chairman
BY JOAN WANJIKU,NAIROBI,29TH JULY 2022-Kenya’s banking sector trailblazer John Ngumi has been named Safaricom’s Board Chairman effective from August 1 replacing the incumbent Michael Joseph.
Dawn of a new are as MultiChoice opens new branch in Nakuru
BY NAMULONGO PETER,NAIROBI,26TH JULY,2022-DStv and GOtv customers in Nakuru can now access sales and after-sales support at the new MultiChoice branch at the Central Business
Tough times as Safaricom increases sim card, phone prices
BY JOAN WANJIKU,NAIROBI,14TH JULY 2022-Mobile phones and sim cards will be more expensive in Kenya as the Finance Act 2022 takes effect. Mobile network operator Safaricom
Diamond Trust Bank Kenya expands its branch network with three new branches within Nairobi metropolitan area
BY JOAN WANJIKU,NAIROBI,12TH JULY,2022-. Diamond Trust Bank Kenya Limited (DTB) has opened three new brick-and-mortar branches as part of its growth strategy. The three
House Raises Debt Ceiling To Sh10tn As Budget Deficit Nears Sh1tn
BY NAMULONGO PETER,NAIROBI,7TH JUNE,2022-Members of Parliament have approved Treasury’s proposal to raise the debt ceiling to Sh10 trillion. House Majority Leader Amos Kimunya said on
Sanlam posts 38% revenue improvement, affirm plans to focus on accelerated organic growth
BY CORRESPONDENT,NAIROBI,30TH MAY,2022-Listed non-bank financial services firm Sanlam Kenya has posted a Kshs 413.6 million loss before tax in its full-year financial results released today.
Change of guard: Paul Russo Takes Over From Joshua Oigara As New KCB Group CEO
BY JOAN WANJIKU,NAIROBI,24TH MAY,2022-KCB Group has named Paul Russo as its new Group Chief Executive Officer. Russo, whose appointment follows a competitive selection process, according
Safaricom’s net profit up by 12 per cent to Sh77 billion
BY JOAN WANJIKU,NAIROBI, 12TH MAY,2022-Safaricom saw its net profit (excluding Ethiopia) rebound to pre-Covid-19 levels, growing by 12.2 per cent to Sh77 billion in the
Safaricom Secures Prime Spectrum for 5G Roll Out
BY CORRESPONDENT,NAIROBI,9TH MAY,2022-Safaricom has obtained prime internet spectrum allocation for 5G rollout. The Communications Authority of Kenya (CA) allocated the giant telco 60 megahertz (MHz)
The first one of its kind: OPPO Reno 7 to launch in Nairobi
BY CORRESPONDENT,NAIROBI,25TH APRIL,2022-For the first time in Africa, OPPO will be unveiling the newest addition to its Reno series; OPPO Reno7 Series in Nairobi, Kenya.
TECHNOLOGY: OPPO announces the upcoming Reno7 series with an industry-first design
BY CORRESPONDENT,NAIROBI,20TH APRIL 2022– Global technology brand OPPO today announced the launch of its brand-new Reno 7 Series on 25th April 2022. OPPO Reno 7
Safaricom avails a Link to enable customers Confirm their Sim Details and Update Registration
BY JOAN WANJIKU,NAIROBI,15TH APRIL,2022-Safaricom has provided a link where you can confirm your sim details as well as registration. The link prompts you to input
OPPO announces the upcoming Reno7 series with an industry-first design
BY JOAN WANJIKU,NAIROBI,14TH APRIL,2022- Global technology brand OPPO today announced the launch of its brand-new Reno 7 Series on 25th April 2022. OPPO Reno 7 series
Hospitality Sector Challenged to Optimize Technology to Accelerate Recovery and Growth
BY JOAN WANJIKU,NAIROBI,6TH APRIL,2022-Speaking during a stakeholder engagement session hosted by Pesapal, a payment solutions provider with operations in Kenya and across East Africa, the
KCB Group Plc Merges Rwanda Operations Following Approval of BPR Acquisition
BY CORRESPONDENT,NAIROBI,31ST MARCH,2022-KCB Group PLC has received regulatory approval by the National Bank of Rwanda (BNR) to merge its newly acquired Banque Populaire du Rwanda
ow unto you if you are a trader who engaged in artificial price hikes,you will be arrested-Govt
BY NAMULONGO PETER,NAIROBI,24TH MARCH,2022-The government will investigate traders over the recent commodities price hikes in the country. The Competition Authority of Kenya says in spite
Trade facilitation: KEPHIS Boosts Avocado growers eyeing the Chinese market
BY CORRESPONDENT,22ND MARCH,2022-The Kenya Plant Health Inspectorate Services (KEPHIS) has stepped up field audits and facility inspections for more than ten avocado growers and exporters
Equity group registers 25% growth on Net interest income to Ksh 68.8 bn up from Ksh 55.1 bn
BY JOAN WANJIKU,NAIROBI,22ND MARCH 2022-Lender Equity Group has nearly doubled its 2021 full year profit after posting a 98 per cent rise in net profit
Kakuzi packhouse and orchards bag China Export approval seal from KEPHIS
BY JOAN WANJIKU,NAIROBI,17TH MARCH 2022-Kenyan integrated agro-business firm Kakuzi PLC has become one of the first local entities to secure approval from the Kenya Plant
Mizizi Africa Homes to hand over more than 60 units in H1, 2022
BY CORRESPONDENT,NAIROBI,16TH MARCH,2022– Award winning low cost housing developer, Mizizi Africa homes is set to hand over a total 69 units to customers over the
Keroche breweries limited set to resume operations after reaching an agreement on payment of pending taxes with KRA .
BY CORRESPONDENT,NAIROBI,16TH MARCH 2022-The Kenya Revenue Authority (KRA) and Keroche Breweries Limited (Keroche) have reached an agreement on a payment plan on taxes owing, and
Mosul Bank selects CR2’s BankWorld to Accelerate Digital Banking Transformation in Iraq
BY Latoya Mwanda,15TH MARCH 2022- Mosul Bank (www.almosulbank.iq) has selected CR2 (www.CR2.com), one of the world’s leading software vendors in the digital banking and payments
KRA records 31% Alternative Dispute Resolution growth
BY CORRESPONDENT,NAIROBI,14TH MARCH,2022-Kenya Revenue Authority’s (KRA) Alternative Dispute Resolution (ADR) successfully resolved three hundred and nineteen (319) cases during the first half of this financial year,
Consumers to dig deeper into their pockets to afford cost of Fuel as EPRA adjust Prices Up By Sh5
BY JOAN WANJIKU,NAIROBI,14TH MARCH 2022– Kenya has reviewed its fuel prices by Sh5 in what is likely to push up the country’s cost of living.
Pesapal Outlines Innovative Tech Solutions for Bars and Entertainment Industry
BY JOAN WANJIKU,NAIROBI,11TH MARCH,2022-Pesapal, a payment solutions provider for businesses and personal products, has presented technology-based solutions for the bar and entertainment industry today. The
Launch Africa Ventures invests in Africa’s First On-Demand Expertise Platform
Johannesburg, South Africa, Thursday March 10, 2022— Africa’s leading VC firm, Launch Africa, have invested in Homecoming Revolution’s new on-demand expertise platform, Insights by Experts. Comments Janade
KBL unveils its next-generation logo as it kicks off centenary celebrations
BY CORRESPONDENT,NAIROBI,1ST,MARCH, 2022: Kenya Breweries Limited (KBL) has officially revealed its next-generation logo, as a part of the company’s centenary celebrations. The new logo symbolizes 100
Branch International picks Kenya as its Pan-African digital bank launchpad
BY JOAN WANJIKU,NAIROBI,1ST MARCH,2022-Global digital financial solutions provider Branch International has outlined plans to roll out a true Pan-African digital bank with Kenya as the
International transport firm ordered to remit KShs.189 million tax
BY BRIAN JAYSINS ,NAIROBI, 17TH FEB,2022- international company with business interest in the transport sector has been ordered to pay KRA taxes amounting to KShs.189,027,638. In a
Fly 748 partners with Team Tri Fit to spur growth of Triathlon in Kenya
BY JOAN WANJIKU,NAIROBI,17TH FEB,2022-Renowned airline, Fly 748 has entrenched its commitment to development of the sports industry as it signs partnership with a dynamic endurance
KCB Named Best Investment and Most Valuable Bank in Kenya
BY CORRESPONDENT,NAIROBI,14TH FEB,2022-KCB Bank has been named the Best Investment Bank in Kenya 2022 and Most Valued Banking Brand in Kenya by Global Finance Magazine
Branch International welcomes Ministerial exemption and CBK approvals
BY CORRESPONDENT,NAIROBI,9TH FEB,20222-International fintech enterprise Branch International has welcomed the publishing of a ministerial waiver and the Central Bank of Kenya announcement confirming the firm’s
EABL bags global award for 2021 bond issue
BY CORRESPONDENT,NAIROBI,7TH FEB,2022-East African Breweries Plc’s Medium-Term Note has been ranked among the top corporate deals transacted in Africa in the last year. The
Pesapal Wins VISA Innovator Award 2021
BY CORRESPONDENT,NAIROBI,2ND FEB,2022-esapal, a payment solutions provider for businesses and personal products, has been named the most innovative payment solutions provider in Kenya. The company
Inflation rate down to 5.39pc on lower electricity charges
BY JOAN WANJIKU,NAIROBI,31ST JAN,2022-Kenya’s annual inflation rate has dropped to 5.39% in the month of January on account of lower prices of electricity, the statistics
Mizizi Africa Homes: Issue-based politics will ease housing market uncertainty in election year
BY CORRESPONDENT,NAIROBI,31ST JAN,2022-Mizizi Africa Homes sees a shift of focus in Kenyan politics to economic and social protection easing uncertainty in housing markets this election
KRA, OECD executives make headway on digital economy taxation agreement as Naivasha meeting comes to a close
BY ALFRED NGANGA,NAIVASHA,28TH JAN,2022-The Kenya Revenue Authority (KRA) and the Organization of Economic Cooperation and Development (OECD) have this week made significant progress on their
Kakuzi names Violet Mavisi as the firm’s Independent grievance mechanisms Head
BY CORRESPONDENT,NAIROBI,23RD JAN,2022-Listed agri-business firm Kakuzi Plc has announced the appointment of renowned Jurist Justice (Rtd.) Violet Mavisi as the Independent Lead of the Company’s
Tourism signals strong recovery after last year’s earnings top Kshs. 146B
BY CORRESPONDENT,NAIROBI,19TH JAN,2022-Kenya has recorded a 39.7% increase in tourism earnings which recovered to reach Kshs. 146 billion from Kshs. 88 billion a year earlier.
Kakuzi issues a profit warning on the back of lower avocado production last year
BY CORRESPONDENT,NAIROBI,6TH JAN,2022-Listed agribusiness firm Kakuzi Plc has issued a procedural profit warning notice with anticipated lower full-year earnings due to lower production and export
Blow to motorists as court declines to shoot down car comprehensive cover increase
BY CORRESPONDENT,NAIROBI,6TH JAN,2022-Motor vehicle owners have been dealt a major blow as underwriters move to increase premiums by more than half the price they have
“Smart Applications International partners with Kenya Healthcare Federation (KHF) to Systemize & Automate Health Data Collection.
BY CORRESPONDENT,NAIROBI,23RD DEC,2021-Smart Applications International, Africa’s leading high-tech technology solutions company has partnered with Kenya Healthcare Federation (KHF), the Health Sector Board of the Kenya
Last-minute gift ideas to make your festive shopping a breeze
BY GUEST WRITER,NAIROBI,23RD DEC,2021-Many of us leave shopping for the last minute during the holiday season, only to find ourselves scrambling around a busy shopping
Safaricom Rewards M-PESA Business Owners With 8 Pick-Ups, 64 Tuktuks
NAIROBI, 21ST DEC2021-,Safaricom (NSE: SCOM) has today rewarded 72 M-PESA business owners with pick-ups and tuk-tuks as part of the ongoing Biashara Ni M-PESA Promotion. 8
Kakuzi proactively releases its second Environmental, Social, and Governance (ESG) report
BY CORRESPONDENT,NAIROBI,16TH DEC,2021-Listed agri-business firm Kakuzi Plc has become the first agricultural counter player at the Nairobi Securities Exchange (NSE) to release its Environmental, Social,
KCB Group Plc ends its acquisition bid for African Banking Corporation Tanzania Limited
BY CORRESPONDENT,NAIROBI,2ND DEC,2021-KCB Group Plc has ended its acquisition bid for African Banking Corporation Tanzania Limited (BancABC), a commercial bank domiciled in Tanzania. This follows
Ksh 1.7bilion taken by kenyans daily as Fuliza,KCB-MPESA and Mshwari loans
BY JOAN WANJIKU,NAIROBI,10TH NOV,2021-Kenyans borrowed Ksh.1.7 billion daily from M-Pesa backed lending platforms Fuliza, M-Pesa and Mshwari between April and September this year. New data