The New Captain at the ICT Ministry Dr. Margaret Ndung'u
Earlier last week, Dr. Margaret Nyambura Ndung'u, an academic with a PhD in Information Systems, took over from Eliud Owalo as the Cabinet Secretary in charge of the critical Information [...]
Uber Kenya's E-Bike Option Grows in First Year
The electric motorbike option introduced by Uber Kenya one year ago has registered a 94% increase in the number of trips around Nairobi, with the number of e-bikes and riders [...]Stanbic's Half Year Profits Up 2.3%, South Sudan Subsidiary Profits Double
Stanbic Holdings registered a mild 2.3 per cent increase in net profit in the first half of 2024 to KShs. 7.2 billion from KShs. 7.1 billion in the same period 2023. [...]Cabinet Sworn in as Treasury CS Mbadi Talks Debt, Interest Rates, Tax, Pending Bills
The second group of cabinet secretaries in President William Ruto's administration has been sworn in, after only one nominee was found unsuitable to assume office. The 19 cabinet secretaries consist [...]CBK Makes Changes to Currency Notes, Hires German Company to Print New Notes
The Central Bank of Kenya (CBK) has announced four changes to Kenyan currency notes the KSh 1,000, KSh 500, KSh 200, KSh 100, and KSh 50. This is just [...]Amendment Bill Seeks to Give Treasury Price Control Powers
A bill has been tabled in parliament seeking to empower the Cabinet Secretary of Treasury to set maximum and minimum price limits for essential foodstuffs and pharmaceutical products, in order [...]Meta Enables Content Monetization by Kenyan Facebook Creators
Kenyan content creators on Facebook can now run ads when streaming their videos and reels, allowing them to earn money in the process. Everyday, we’re inspired by the incredible African [...]Seven Firms Miss out on CA List of Electronic Certificate Providers
Seven companies have failed to make it to the Competition Authority of Kenya’s (CA) list of accredited Electronic Certification Service Provider (E-CSP). While Geda Limited, Tendaworld and the Information and [...]Central Bank Lowers Interest Rate for the First Time in Four Years
The Central Bank of Kenya (CBK) cut its benchmark lending rate by 25 basis points to 12.75 percent, reducing the cost of loans for the first time in four years. [...]Kenyan Shilling Beats Regional Peers
In the first seven months of 2024, the Kenyan Shilling remained the best performing currency in the region, with a year-to-date gain of 16.95 per cent. A stronger currency has [...]Borrowers With Negative Credit Profiles Decline by Over Half
Negative listing on loan default is on the decline with the number dropping by more than half between 2019 and 2023. “This sharp decline can be explained by changes in [...]Centum Extends 66.5 Million Share Buyback
Centum Investment Plc has announced an extension to the share buyback programme that commenced on 6th February 2023 for the purchase of up to 10 per cent of the total [...]
