Kenya Ranks as the Third Highest Recipient of Diaspora Remittances in Africa- World Bank
Kenya has been ranked among Africa's top three recipients of diaspora remittances behind Nigeria and Ghana, according to a World Bank report. Even so, according to the bank's latest Migration [...]
Cooking Gas Consumption Falls to a 4-Year Low on High Prices of the Commodity
Consumption of cooking gas in the six months to June dropped to a four-year low due to the commodity's high prices on the re-introduction of Value Added Tax (VAT) and [...]Safaricom Increases its Fixed Internet Market Share to 35.6%
Safaricom added 36,604 new customers in fixed Internet service for homes and offices in the three months ending September, accounting for more than half of the total industry's additional connections [...]
Financial Services Firm Ujani Unveils Financial Literacy Platform
Ujani, a diversified financial services firm, has unveiled a financial literacy platform aimed at bridging the gap in personal finance and investments amongst Kenyans. “Education is the cornerstone of empowerment. [...]
Counties Set to Receive Kes 42 billion as President Ruto Signs Grants Bill.
Counties are set to receive Kes 42 billion in grants after President William Ruto signed into law a Bill allowing the Exchequer to disburse the funds. The County Governments Additional Allocations Act [...]Visa targets Kenyan SMEs in Promoting the use of Digital Payments
Visa will collaborate with Kenyan small and medium-sized businesses to promote the use of digital payments. Over the next 12 months, the company also plans to launch dedicated Kenya editions [...]Banks Set to Raise Interest Rates in January to Reflect Revised CBK Lending Rates
Kenyans may face difficult times following the festive season as lenders prepare to adjust loan interest rates in January 2023 to reflect the revised Central Bank of Kenya (CBK) base [...]Lamu Port Sees 2nd Transshipment of Livestock to Oman
The second batch of livestock transshipment to the Port of Salalah in Oman finally left the Lamu Port in Kenya over the weekend aboardMV Banyas 1after a month of waiting [...]Charles Machira Confirmed as Retirement Benefit Authority's New CEO
The Retirement Benefits Authority (RBA) has confirmed Charles Machira as its substantive Chief Executive Officer, with effect from 1st December 2022. He is taking over from Nzomo Mutuku who ended [...]Kenya South Sudan Sign Cargo Deal after Lifting Agree Barriers
Kenya has revised its cargo deal with South Sudan that will see goods from and destined for the latter cleared at the Port of Mombasa. Chairman of South Sudan Freight [...]Unga Group Considers Exiting the Grain Milling Business
Unga Group Holdings Ltd is considering shifting from the grain milling business to a general food company after more than 110 years of operations. Unga group said it is dealing [...]IM Appoints Kihara Maina as Regional CEO
The IM Group has announced the appointment of Kihara Maina as Regional CEO, effective January 2023. Maina takes over from Chris Low, whose two-year contract expires this year. According to [...]
