BUSINESS

BUSINESS

KCB Group Posts KShs. 40.8 Billion in Full Year 2022 

KCB Group Posts KShs. 40.8 Billion in FY 2022 Net Profit,  Balance Sheet Crosses KShs. 1.5 Trillion Mark.  KCB Group PLC recorded KShs.40.8 billion in profit after tax for the full…

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BUSINESS

Women Contributing Largely To The Economy Through Remittances

Kenyan migrant women are powerful agents of change who positively contribute to the Kenyan economy and their countries of transit and destination. They bring diverse talent and expertise in the…

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BUSINESS TECHNOLOGY

Sankalp Africa Summit Awards four most innovative young entrepreneurs

Sankalp Forum, an initiative of Intellecap, one of Africa’s largest convening on impact entrepreneurship and sustainable development, hosted its 10th Edition of the Sankalp Africa Summit, at the Kenya School…

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BUSINESS

Hela Kenya Receives 1.8Billion In Funding From the Norwegian Government

Hela Apparel has received funding in billion Shillings from Norfund, the Norwegian government’s investment fund. With a mission to support sustainably driven business operations in developing countries, the investment fund…

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BUSINESS TECHNOLOGY

Airtel eSIM Launch: How To Activate Your eSIM Today

You no longer need to fear damaging or losing your SIM card and If you are a frequent traveler, you will find the eSIM very convenient for switching network operators…

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BUSINESS

Kakuzi Plc Set To Increase Avocado Exports To China Starting March

Kakuzi Plc has confirmed plans to double Avocado exports to China following an engagement with Dalian Yidu Group a major Chinese importer of fresh fruits and vegetables. Nairobi Securities Exchange…

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BUSINESS

Safaricom Holds First Investor Meeting Themed ‘Driving Purpose-Led Growth’

Safaricom has held its first investor meeting in a bid to update stakeholders on its journey to become a purpose-led technology company by 2025. The hybrid investor day themed “Driving…

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BUSINESS LIFESTYLE TECHNOLOGY

Super Metro Sacco Introduces Electric Buses To It’s Fleet

Super Metro Sacco has introduced electric buses as part of its fleet. Supplied by Kenyan electric mobility startup BasiGo, the 25-seater K6 Electric bus will ply the CBD to Kikuyu…

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BUSINESS LIFESTYLE

What Kenyans Should Know About The National Social Security Fund (NSSF)

The NSSF contributions were last reviewed in 2001 when the rate was increased to Kshs. 200 from Kshs.160. The NSSF Act, of 2013 increased salaried employees’ monthly deductions from Sh200…

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BUSINESS TECHNOLOGY

4 Tips for Security and Safety in The Age of Digital Remittances

Online money transfer has become an important part of everyday life in Kenya and across the globe. Digital money transfer services not only support millions of businesses but also help…

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BUSINESS TECHNOLOGY

The Difference Between ‘ChatGPT’ & ‘Bard’ Google’s New AI Bot, Pichai Explains

Since the launch of ChatGPT to the world, things at Google have not been the same, to say the least, employees at Google have been working their wits thin to…

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BUSINESS TECHNOLOGY

LG Electronics New MD Seeks To Strengthen Customer Relations

Dong Won Lee has taken over as LG Electronic’s Regional Managing Director for East Africa, replacing Sa Nyaoung Kim who served as Managing Director for three years since January 2020….

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BUSINESS TECHNOLOGY

Institutional traders Keen On Artificial Intelligence Over Cryptocurrencies In The Future Of Trading

72% of traders surveyed ‘have no plans to trade crypto/digital coin,’ with 14% predicting they’re not currently trading but plan to trade within 5 years. 8% are currently trading and…

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BUSINESS

Kenyans To Pay More For Electricity Starting April, In New Tariff Revision By EPRA

Kenyans will dig deeper into their pockets to pay electricity bills if the energy sector regulator approves new tariffs from Kenya power starting April. The power and lighting company is…

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BUSINESS

Digital Partnership Between Kwara & IRNET Coop To Upgrade SACCO Services In Kenya

Kwara, a Kenyan fintech company has acquired IRNET Coop Kenya Ltd, a software company that is a subsidiary of the Kenya Union of Savings and Credit Cooperatives (KUSCCO LTD). With…

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BUSINESS TECHNOLOGY

Zuri Health In Partnership With PharmaPlus launches A Virtual Care For Chronic Disease Patients

Zuri Health in collaboration with Pharmaplus has unveiled a continuous care program to offer support to persons with chronic illnesses. This collaboration aims to transform chronic care for patients’ lives…

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glovo local
BUSINESS

Glovo Launches Glovo Local, a Portfolio of Solutions for Small and Medium-Sized Businesses

Glovo a pioneering multi-category app, has launched Glovo Local, a new program for small and medium-sized businesses in the retail and restaurant industries to enable them to digitise their products…

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BUSINESS

Standard Chartered Women In Tech Awards Top Five Startups In Cohort 5

Standard Chartered Women In Tech has awarded top five startups in the just completed Cohort 5 tech programme.  The Startups with diverse business models were awarded $ 10,000 in seed…

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BUSINESS TECHNOLOGY

LG Seeks To Enhance Skills In Construction By Training Building Professionals

LG Electronics has partnered with the University of Nairobi (UoN) to train engineers, architects, contractors, and other building professionals in the latest Heating, Ventilation, and Air Conditioning (HVAC) innovations. The…

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BUSINESS TECHNOLOGY

4 Important Tips Entrepreneurs Can Learn from TikToker Khaby Lame -by Alice Ngatia

According to recent reviews, Khaby Lame is the most followed person on TikTok with nearly 152+ million followers. This 22-year-old comedian has surpassed the previously top-rated, Charli D’Amelio, TikTok’s reigning…

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BUSINESS

African Countries Come Together To Charter A Way Forward To Recover From Economic Shock

African economies have been urged to include food security, climate change mitigation and adaption framework in the economic agenda. The 57th African Economies Research Conference convened policymakers, researchers, media, economists,…

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BUSINESS

LG Takes Lead To Formalize The Informal ‘Mamafua’ Industry In New Collaboration

LG Electronics has announced its commitment to champion the overall expansion of digital laundromats across the country and formalize the informal “mamafua” industry. This follows a growing demand for laundry…

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BUSINESS TECHNOLOGY

Privacy Scorecard Exposes Abuse Of Personal Information By Telcos & Financial Institutions in Kenya & Uganda

The 2022 Privacy scorecard report recently launched by Unwanted Witness in partnership with the Centre for Intellectual Property and Information Technology Law (CIPIT) has warned that personal data is in…

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BUSINESS

KCB Customers To Enjoy Upto 90% Funding For Green PSV Buses

Kenya Commercial Bank has signed a new deal aimed to reduce greenhouse emissions by funding BasiGo Ltd an e-mobility startup and financing company supplying electric bus services to sub-Saharan Africa….

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youth entrepreneurship
BUSINESS

Microsoft partners with the African Development Bank to drive youth entrepreneurship in Africa

Microsoft is expanding its partnership with the African Development Bank to support Africa’s youth entrepreneurship under the bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative.   Through its African Transformation Office (ATO),…

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BUSINESS

CBK Approves 10 Digital Lenders Out Of 288 Initial Applicants In New Lenders Law

Central Bank of Kenya has said that digital lenders that fail to meet strict customer protection rules introduced under Digital Credit Providers Regulations, 2021 will not be allowed to operate…

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BUSINESS

KCB Bank Injects Billions Into The Oil Market After Government Scraps Subsidies

KCB Bank Kenya has injected over KShs. 120 billion to support Oil Marketing Companies importing fuel as it seeks to consolidate its support to the energy sector. The Bank has…

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BUSINESS

Why Private Company Services Has Rebranded To PwC Private

PwC Africa, Private Company Services (PCS) has changed its name to become PwC Private. The name change however takes nothing away from the services previously offered. The company will work…

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BUSINESS TECHNOLOGY

LG Unveils World’s Largest OLED TV To Be Available For Purchase In Coming Weeks

LG has unveiled a 97Inch Television screen, the world’s largest OLED TV, and the LG OLED Evo Gallery Edition TV, Model 97G2 which will be available in global markets for…

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BUSINESS

DTB CEO Selected Among Top 25 Powerful Women Impacting Business

Diamond Trust Bank (DTB) Group CEO Nasim Devji has been listed as one of the Top 25 Powerful Women in the C-Suite Impacting Business 2022 by Business Monthly magazine. Specifically,…

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