NEWS
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Investor Outlook Optimistic, says Standard Chartered Bank
Kenya’s fiscal policy is set to benefit from a renewed focus on managing external liquidity concerns recede even as fiscal challenges persist. This is according to the latest global Market Outlook Report for 2024 from Standard Chartered. The Report, titled “Sailing with the Wind” finds that the US and other major economies are likely to witness sharply slower growth and…
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Receive money from anywhere across the world with Equity
In an era where global connectivity is paramount, Equity through its cutting-edge international money transfer solutions is committed to delivering unparalleled value to its customers by ensuring seamless, secure, and swift money transfers, that foster a sense of financial empowerment and convenience. These services cover a spectrum, including cash pick-up, deposits to bank accounts and mobile wallets. Through strategic partnerships…
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Xiaomi Redmi Note 13 Series Launching in Kenya Next Week
Xiaomi has announced plans to launch the Redmi Note 13 Series in Kenya. The series, which succeeds the Redmi Note 12 Series will be launched on 10th February. Xiaomi says the series promises to transcend the boundaries between mid-range and flagship smartphones, delivering an extraordinary blend of durability, user experience, and imaging prowess. All this it says at an iconic value that sets…
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Kenya to host the Global Student Entrepreneur Awards
The Kenyan Chapter of the Entrepreneurs’ Organization (EO), the world’s leading peer-to-peer network of successful business leaders, will host its qualifying competition of the Global Student Entrepreneur Awards (GSEA) on Saturday 20th January 2024 at Nairobi Street Kitchen. This year’s Global Student Entrepreneur Awards sponsors include Jubilee Asset Management, Moringa School and Craydel. GSEA is EO’s premier awards program for students…
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Food for Education Expands Mission to Feed 350,000 Children Daily as Schools Reopen
As the new school term kicks off, Food for Education has announced the expansion of its school feeding program in five counties: Nairobi, Kiambu, Muranga, Mombasa, and Kisumu. This initiative aims to reach 350,000 children daily, doubling the organization’s impact from the previous year, when they served 165,000 children daily. This expansion aligns with Food for Education’s commitment to creating…
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Showmax unveils robust content slate ahead of its February relaunch
Showmax is relaunching in February 2024 with a brand-new look, new app, and entirely new product suite. This comes after the announcement of the partnership between MultiChoice and international media heavyweight Comcast’s NBCUniversal and Sky last year. In February, the streamer will be releasing a record 21 Showmax Originals from four African countries, a revamped international content slate, and the…
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Elizabeth Wasunna-Ochwa: How financial institutions can strengthen MSMEs to grow their contribution to the economy
Kenya’s economic foundation unquestionably rests upon its Micro, Small, and Medium Enterprises (MSMEs). As indicated in Sessional Paper Number 5 of 2020 on Kenya Micro and Small Enterprises Policy, these enterprises contribute to 24 percent of Kenya’s GDP, encompass over 90 percent of private sector enterprises, and engage 93 percent of the total labour force in the economy. The MSMEs…
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Kenya Airways Ranked Among Top On-Time Performing Airlines Globally
Kenya Airways has been ranked as Africa’s second most efficient airline in a global on-time performance review of airlines and airports. The latest On-Time Performance Review report by aviation analytics company Cirium reveals that the airline attained an impressive 71.86% on-time arrival rate out of 41,905 completed flights in 2023. An on-time flight is defined as a flight that arrives…
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Nguvu Change Leader’s inclusive education campaign brings hope to children with disabilities
Nguvu Change Leader Patience Achieng’s campaign for inclusive education in Kenya is now attracting the attention of administrators, politicians, and the general public. Recently, she met Kenyan Senator Crystal Asige, Senate Parliamentary representative for persons with disabilities & special interest groups, Member of Parliament Beatrice Elachi, and Mr Fredrick Haga, Director of Education, Directorate of Special Needs at the Ministry…
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Ease your Back-to-School experience this January with Absa
As the back-to-school season comes, parents are preparing for the excitement and challenges of getting their children ready for another term of learning. This time of the year generally brings a long list of obligations, from acquiring uniforms and textbooks to settling tuition fees. The financial strain can be overwhelming. Fortunately, Absa Bank is ready to lend a hand with…
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How to Shinda Ticket ya Mugithi na Odibets
It’s that time of the year, and you might be wondering utavukia mwaka wapi? Worry no more, one of the biggest events in Kenya is going down at Absa Grounds along Thika Road dubbed Crossover Mugithi. The event has attracted Kikuyu maestro musicians who will be headlining the event including Samidoh and Muigai wa Njoroge. To ensure you don’t miss…
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Spotify’s Afrobeats Journey to a Billion Streams Site gets Fresh Updates
Early this year, Spotify dedicated a site to Afrobeats, celebrating its global impact and African roots. The site that quickly became an online hub dedicated to all things Afrobeats just got fresh updates. Afrobeats enthusiasts can now feed their passion with details about the most streamed Afrobeats tracks, albums and artists in 2023. This new content is an addition to the available information…
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WPP Scangroup releases its 2023 ESG report
WPP Scangroup PLC has joined the club of Kenyan listed companies to release an environmental, social and governance (“ESG”) report as per the Nairobi Securities Exchange (NSE) reporting guidelines. In November 2021, the NSE in partnership with the Global Reporting Initiative (GRI), released guidelines for listed companies to follow when disclosing how they are managing ESG issues in the organisation.…
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Absa Bank Kenya spreads the Festive Cheer in Nairobi, Machakos, and Kitui
Absa Bank Kenya colleagues drawn from various Absa branches in Nairobi and Thika have embarked on a series of community outreach initiatives that will be rolled out throughout the festive season. The community outreach will impact at least 2000 people across Nairobi, Kiambu, Machakos, and Kitui Counties.During the community outreach, 50 Absa colleagues will donate foodstuffs and dignity kits (which…
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Financial services firm Ujani unveils financial literacy platform
Diversified Financial services firm Ujani has unveiled a financial literacy platform to bridge the gap in personal finance and investments amongst Kenyans. The platform will empower individuals and institutional investors to make informed financial decisions and build a strong foundation of financial literacy. Users of the platform will have access to personal financial education, focusing on budgeting, saving, investing and…
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Bboxx and Kuwait-based EnerTech partner to create a $100 million electrification platform for Africa
Millions of Africans are set to get access to clean energy, clean cooking, e-mobility services and other innovative products following the announcement of a first-of-a-kind electrification platform, valued at up to USD$100 million. This pioneering initiative is the outcome of a partnership signed at COP28 between Bboxx, a data-driven super platform, and EnerTech, a Kuwait-based innovator, investor and developer of…
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ALP West Logistics Park to host Printcare’s new manufacturing and packaging plant
Printcare, the design-to-delivery printing and packaging solutions provider has selected Africa Logistics Properties (ALP) West Logistics Park to host its upcoming manufacturing and packing plant in Kenya. The manufacturing plant is scheduled to commence operations in April 2024. Printcare says it selected ALP West Logistics Park due to its infrastructure and commitment to upholding international standards. This includes health and…
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Absa Bank increases interest rate on Digital Savings to 10 percent
Absa Bank Kenya has increased the interest rate on deposits on its Digital Savings account to 10% per annum, up from 9% per annum. The increase will be effective from December 12, 2023, and valid until March 2024. The Bank aims to empower its customers by offering an attractive interest rate through its Digital Savings Account, fostering a culture of…
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Where Faith meets Rhythm: The Deep Connection between Africans and Gospel music
In the vibrant tapestry of African music, gospel holds a special place. Its soulful melodies and uplifting messages resonate deeply with listeners across the continent. American gospel music might have taken the forefront as a preferred source of inspiration for Gospel music lovers but African listeners are increasingly rediscovering and embracing their homegrown gospel sounds. African gospel music is deeply…
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Innovating for Climate Action: OPPO’s Green Initiatives Driving Technological Sustainability
In an era where virtual connectivity is rapidly embraced, with nearly 57% of the global population using mobile internet by the end of 2022 (GSMA), the environmental impact of smart devices cannot be ignored. In 2023, OPPO, the fourth-largest global smartphone brand, has pledged to achieve carbon neutrality across its global operations by 2050. Renowned for its diverse range of…
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