Norfund and Irvine’s Group Pens US$18 Million Investment to Boost Poultry Operations
Norfund, the Norwegian Investment Fund, and Irvine’s Group have penned a US$18 million (Kes 2.2 billion) investment deal to expand...
CBK Put Spotlight on Mandatory Climate Risk Disclosure by Kenyan Banks
The Central Bank of Kenya (CBK) will make climate risk disclosures mandatory starting in January 2023 as part of the...
Bolt awards top 10 drivers Ksh 288K each for innovative ideas
Bolt has awarded 10 Kenyan drivers and couriers Kshs 2.8 million in seed capital in the just concluded Bolt accelerator...
How to Register for the Social Health Insurance Fund
Kenya has launched the Social Health Insurance Fund (SHIF) to replace the National Health Insurance Fund (NHIF). Established under the...
JPMorgan CEO Jamie Dimon to visit Kenya in October
JPMorgan Chase CEO Jamie Dimon is expected to visit Kenya and three other African nations in mid-October in an effort...
NHIF comes to an end as Social Health Insurance Fund takes effect
The National Health Insurance Fund is set to be discontinued as the new Social Health Insurance Fund takes effect on...
How to Check Your NHIF Status
Knowing your NHIF status is extremely important. It helps maintain continuous insurance coverage and avoid potential loss of protection. Whether...
Kenya Must Ban Gambling to Rescue the Economy and Its Young People
Kenya continues to suffer from the adverse social and economic effects of gambling despite the recent efforts by the government...
EACC returns back to State recovered assets valued at Kshs 5.5 billion
The Ethics and Anti-corruption Commission (EACC), Kenya’s corruption watchdog, on Wednesday returned back corruptly acquired assets worth Kshs 5.5 billion...
Kenya Ranked Fourth in Africa’s Wealthiest Countries
Kenya has been ranked fourth in the top wealthiest countries in Africa, according to a report by Henly and Partners...
Strike at JKIA leaves Passengers Stranded and Flights Grounded
Hundreds of travelers have been stranded at Kenya’s largest airport, JKIA, following the strike by aviation workers against the planned...
Uganda Receives $600 Million from the World Bank, French Development Agency
Uganda has received $600 million from the World Bank and French Development Agency (AFD) according to Reuters. According to a...
CS Mbadi Signs a Credit Facility from China to Construct Rural Roads
CS John Mbadi has signed a credit facility from China for the construction of 15 rural roads across the country....
Central Bank Eyes 30 Billion From Two Reopened Bonds
The Central Bank of Kenya has reopened two treasury bonds as it seeks to raise KES 30 billion for budgetary...
China Commits $51 billion to Africa for fresh funding for Infrastructure Projects
China will increase support for Africa with nearly $51 billion in financing for infrastructure initiatives in the continent, according to...
Stanbic Bank Unveils Money Market Fund as it enters the Assessment Management Business
Stanbic Bank Kenya on Tuesday unveiled its asset management business as part of the bank's drive to provide clients with...
Kenya Joins Asian Infrastructure Investment Bank (AIIB), Eyes Concessional Funding
Kenya has officially joined the multilateral development and international financial Institution Asian Infrastructure Investment Bank (AIIB) as a fully paid...
World Bank Appoints Qimiao Fan as Country Director for Kenya, and Other EA Countries
The World Bank on Monday announced the appointment of Qimiao Fan as the new country director for four East African...
Kenya Launches FoTMIS to Track Foreign Travels by Public Servant
The Kenyan government on Monday launched the Foreign Travel Travel Management Information System (FoTMIS), in a bid to tighten its...
Kenya’s AI startup Chpter secures $1.2 million Pre-seed Financing
Chpter, a Kenyan-based AI-powered conversational platform, has raised $1.2 million in the pre-seed funding round. The startup plans to use...
Green Climate Fund approves $151 million to aid Climate Program in the Horn of Africa
Green Climate Fund, the world’s largest climate fund, has approved a landmark $151 million in financing for a climate change...
Kenya Confirms its Fourth Case of Mpox
Kenya has confirmed a new case of Mpox from the tests conducted in the last 24 hours, bringing the total...
Kenya’s inflation rate increases to 4.4% in August 2024
Kenya’s year-on-year inflation rate surged to 4.4% in August from 4.3% in July, according to data released by the Kenya...
Jubilee Holdings Half-Year 2024 Profit Jump By 22.7%
Jubilee Holdings Limited has reported 2.48 billion in net profit for the first half of 2024, representing a 22.7% increase...
Absa Bank Kenya Reports 29% Growth in Half-Year Profit
Absa Bank Kenya has registered a profit after tax of Kshs 10.7 billion for the half year 2024. The earnings...
Bolt hikes fare by 10% to improve driver earnings
Bolt will increase the base fares by 10% across all its fleeting categories, as the company seeks to offer fair...
Safaricom want Elon Musk’s Starlink blocked in Kenya, here’s why
Safaricom, Kenya’s leading telecom operator, has called for the restriction of the operation of foreign internet providers like Elon Must’s...
Standard Chartered Half-Year Profit increases by 25%
Standard Chartered reported its earnings for the first half of the year 2024, revealing a set of strong results. The...
NCBA Group Reports Kshs. 9.8 Billion in Half-Year Profit
NCBA Group has registered a profit after tax of Kshs 9.8 billion in its first half results end June 30...
Car & General Register Half-Year Profit of Ksh 106m, as Motorcycle Demand Drops
Car & General Kenya (C&G) made a profit before tax of Kshs 105 million in the first six months of...
KCB Group Resumes Dividend Payout, after Half-Year Profit After Tax Surge 86%
KCB Group Plc, one of East Africa’s largest financial institutions, has reported 86% growth in its half-year profit after tax...
Starlink offers Kenyan Customers the Option to Rent Hardware Kits
Starlink has unveiled a plan that allows Kenya to rent its hardware kits every month according to a statement on...
Bidcoro Africa Limited Gets Approval for Acquisition of Suntory Beverage
The Competition Authority of Kenya (CAK) on Tuesday cleared the Suntory Beverage & Food Kenya Limited’s acquisition by Bidcoro Africa...
Emergent BioSolutions to Donate 50,000 Mpox Vaccines to African Countries
US-based multinational biopharmaceutical company Emergent BioSolutions announced on Monday that it would donate 50,000 doses of its small vaccine ACAM2000...
M-PESA Charges in 2024: Withdrawal Charges, ATM, Transfer
Looking for updated M-Pesa charges for transferring money to other mobile money users or withdrawing cash from agents and ATMs?...