Kenya Power to add 55,000 Meters in Self Reading Plan in Bid to Reduce Billing Complaints
Kenya Power is targeting to increase the number of postpaid customers reading their own meters in a bid to address billing complaints. The energy utility firm intends to increase the [...]
Ex-KCB CEO Joshua Oigara in Talks to be Hired as Standard Bank Kenya Head
Standard Bank Group Ltd.’s Kenyan unit is in talks to hire Joshua Oigara, former head of KCB, as its chief executive, according to a report by Bloomberg. Joshua Oigara was, [...]Data Protection Commission Probes 40 Digital Credit Providers Over Breach of Privacy
The Office of the Data Protection Commission (ODPC) has launched investigations on 40 Digital Credit Providers for misuse of personal data. The ODPC said it launched investigations following complaints from [...]Panic as Customers Unable to Withdraw Cash at First Community Bank
Shariah-compliant First Community Bank customers are unable to withdraw their monies as the bank limits heavy drawings occasioned by panicking customers. FCB chief executive officer, Mr Hussein Hassan, said in [...]Ascent Rift Valley Fund Sells Undisclosed Stake in Medpharm
Private equity fund Ascent Rift Valley Fund Ltd has sold an undisclosed stake at Medpharm Holdings Africa, a provider of medical diagnostic laboratory services in Ethiopia. The stake was bought [...]KCB, BasiGo Partner to Drive Adoption of Electric PSV Buses
KCB Bank customerscan now access financing options to purchase electric Public Service Vehicles (PSV) following a deal the bank has secured with e-mobility startup and financing company BasiGo Ltd. The [...]Government Revokes Ban on GMO Crops in a Bid to Address Current Food Shortage
Kenya has effectively lifted the ban on openly cultivating genetically modified crops (GMO ) and animal feeds, reversing a decade-old decision. In a meeting Chaired by President William Ruto in [...]Govt Gains Full Ownership of Telkom Kenya Following Helios Exit
British Investment firm, Helios Investment Partners, has offloaded its 60 per cent stake in Telkom Kenya, making the company a fully owned state parastatal. The Kenyan government, which previously owned [...]Extreme Weather Conditions Results in a Decline in Coffee Production
Extreme weather patterns as a result of global climate change may drastically affect coffee production in the country this year. According to experts, the patterns, ranging from Inadequate rainfall to [...]SBM Bank Inks KES 1.2B Deal with AGF to Promote Women-led Businesses
SBM Bank Kenya has inked a risk-sharing agreement with the African Guarantee Fund (AGF) that will see them avail Sh1.2billion to women-led businesses and climate-focused Micro, Small, and Medium Enterprises [...]KRA Exempts Petrol Products from Increase in Excise Tax
The Kenya Revenue Authority (KRA) has exempted petroleum products from the increase in excise tax due to the implementation of the inflation adjustment. Speaking during the launch of the 2022 [...]CBK Expects Kenya's Inflation to Remain Elevated Due to Scrapping of Subsidies
The Central Bank of Kenya(CBK) expects Kenya's inflation to remain elevated in the near term, due in part to the scaling down of the Government price support measures, resulting in increases [...]
